6 Noncustodial Crypto Payment Solutions for Merchants

6 Noncustodial Crypto Payment Solutions for Merchants

You donít have to be a bitcoin purist or tech tinkerer to want to accept cryptocurrency without using a third party. With lower merchant fees, greater network uptime, and no chargebacks, noncustodial crypto payments have several advantages over traditional fiat payment systems. Here are six noncustodial options for accepting crypto in-store and online.

Accept Crypto With No Questions Asked

For merchants interested in accepting cryptocurrency in-store or online, thereís now a wealth of options. Major companies like Coinbase and Bitpay dominate the industry, with the latterís custodial solution promising to insulate the retailer from the volatility of crypto. But thatís not all custodial solutions protect the merchant from. Due to the permissioned nature of these payment systems, retailers risk running afoul of the terms of service and having their account closed, which occurs more frequently than you might think Ė just ask Gab.com.

Should any of your customers hail from countries that are subject to U.S. sanctions, for instance, youíre in danger of having your account shuttered by a U.S. payment provider. The fact that youíre transacting in cryptocurrency wonít save you when youíre using a custodial solution. There are greater reasons why it may be desirable to seek a noncustodial crypto payment solution. Doing so brings greater privacy, grants you sole ownership of funds the moment the transaction clears, and is a far truer way to transact with cryptocurrency, without intermediaries.


Atomicpay is a noncustodial payment application that supports seven cryptocurrencies including BCH, BTC, LTC, and DASH. Itís user-friendly, offers price conversion into over 150 fiat currencies, and has good privacy practices built in, including generating a new address for every transaction. You can integrate Atomicpay into an ecommerce module such as Woocommerce, and itís easy to generate payment buttons to embed on your site.

Atomicpay is also suitable for use in physical stores. It offers API integration and the ability to generate a payment invoice in just a few seconds. In terms of fees, Atomicpay charges a reasonable 0.7-0.9% per transaction, with the Personal plan requiring no KYC to get started. Upgrade to the Business plan, however, and youíll be required to undergo KYC. Greater cryptocurrency support, such as ETH, would be useful, as would additional ecommerce modules, which are listed as coming soon. That aside, Atomicpay provides a good all-round option for merchants desiring a noncustodial solution.


CMM Pay is a British-based payment startup whose noncustodial service only launched at the start of the month. BTC is the sole major crypto supported at present, although additional assets are on their way. Setup takes less than five minutes and, as a noncustodial payment solution, thereís no need to undergo KYC. CMM Payís standard fee is 1%, though for a limited time this has been waived altogether. Features include 24-hour customer support and a merchant dashboard for viewing cryptocurrency sales, business wallet balances, and a host of other metrics.


8Pay is a noncustodial payment system with a twist Ė several twists in fact. Operating on the Ethereum network, it provides on-demand and recurring payments between retailer and customer. This makes it possible to set up subscription-based payments for goods and services. The best part about all this is itís achievable without sacrificing decentralization: 8Pay is noncustodial and requires no KYC. The only downside is that as an Ethereum-only solution, itís limited to ETH and ERC20 tokens including stablecoins. Thereís good reason for this though: implementing the sort of features that 8Payís built into its payment protocol calls for utilizing smart contracts of the sort which most other crypto networks canít support.

Once 8Payís web and mobile apps are rolled out, it will be possible for shoppers to subscribe to on-demand and replenishment-based services (think movies, music, toiletries, household essentials, utility bills) with tokens deducted from their crypto wallet at fixed intervals until they choose to cancel the arrangement. 8Pay also features payment buttons, unique payment links, and the ability to generate invoices on the fly.

Coinbase Commerce
Coinbase Commerce

Coinbase attracts flak for some of its executive decisions, and itís not opposed to deplatforming users of its exchange for the flimsiest of reasons. Itís hard to take exception to the companyís merchant payment solution however. Coinbase Commerce is noncustodial, easy to set up and charges no fees. BCH, BTC, ETH, LTC, and USDC are all accepted, and the interface is neatly designed. It claims to have more than 2,000 merchants using Coinbase Commerce already.


A BTC-only service with a host of advanced features, Blockonomics is a noncustodial solution for crypto-savvy merchants. Itís not hard to use if youíre familiar with cryptocurrency, but thereís a lot going on here. A range of ecommerce plugins are complemented by enterprise invoicing and the ability to accept BTC into your existing wallet including hardware wallets for added security.

Bitcoin Cash Register
Bitcoin Cash Register

About as simple as a merchant application gets, Bitcoin Cash Register is an Android and iOS application developed by Bitcoin.com. All you need to get started is the public key to your BCH wallet. Itís simple because cryptocurrency is meant to be simple. Thereís no need for second layer solutions, payment channels or custodians to convert crypto into fiat and vice-versa when the customer can just press a button and funds are despatched directly to the merchantís wallet in seconds. Bitcoin Cash Register is limited by being BCH-only, but in every other respect, itís the perfect example of what a noncustodial crypto payment solution should be.

The post 6 Noncustodial Crypto Payment Solutions for Merchants appeared first on Bitcoin News.

21.09.2019 / 19:30 31
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