NOWpayments

NOWPayments is a non-custodial cryptocurrency payment gateway that enables businesses and individuals to seamlessly accept payments in over 250 cryptocurrencies. Established in 2019 by the team behind ChangeNOW, a reputable crypto exchange service, NOWPayments offers a user-friendly platform with a range of payment tools and integrations.

The platform operates through a robust API, allowing for easy integration into existing websites, applications, and ecommerce platforms. Merchants can generate customizable crypto invoices, set up recurring subscriptions, and leverage dedicated ecommerce plugins for popular platforms like WooCommerce, Shopify, and Magento. NOWPayments also provides a web-based point-of-sale system for accepting crypto payments in physical stores.

One of NOWPayments' key features is its automatic coin conversion capability, powered by ChangeNOW's exchange service. This allows merchants to receive payments in their preferred cryptocurrency or fiat currency, minimizing exposure to market volatility. Merchants can choose between custodial and non-custodial payment flows, providing flexibility in fund management.

NOWPayments offers competitive transaction fees, starting at 0.5% for payments received in the same cryptocurrency, with an additional 0.5% exchange fee for conversions. The platform supports micropayments and instant settlements, making it cost-effective for businesses of all sizes.

In April 2023, NOWPayments announced its integration with Shibarium, becoming the first payment gateway to adopt the layer-2 network, thereby revolutionizing crypto payments and providing enhanced efficiency. Additionally, NOWPayments introduced a Custody feature in September 2023, enabling merchants to accumulate payments and withdraw them at their convenience, significantly reducing network fees.