Who’s cheaper than BitPay?

Introduction

BitPay has been one of the largest players in the crypto payments market since its founding in 2011. Over time, it has grown into a large, centralized company. However, BitPay is now one of the most expensive options for merchants.

For small business owners, BitPay charges a 2% fee plus $0.25 per transaction. "High-risk" businesses are charged even more. These fees are significant and can cut into profit margins.

This article explores three cheaper alternatives that still provide high-quality crypto payment processing: Blockonomics, BTCPay, and BoomFi.

Blockonomics – Best Value

• Pricing: Flat 1% fee.
• Ease of Use: Very simple setup, designed for small business owners who want straightforward integration.
• Features: Invoice creation, email-based payments, direct wallet-to-wallet transactions, and a clean merchant dashboard.
• Verdict: The best overall choice. It offers affordability, useful features, and ease of use without hidden costs or complexity.

BTCPay – Free, but Technical

• Pricing: 0% fees. Only standard blockchain network fees apply.
• Ownership: Fully open-source and non-custodial. Merchants retain full control of their funds.
• Complexity: Requires technical knowledge to set up. Installation usually involves hosting, server administration, and command-line tools.
• Verdict: A powerful option for advanced users who value privacy and control. However, it is not beginner-friendly.

BoomFi – Feature-Rich, but Expensive

• Pricing: 1% + $0.25 per transaction. For crypto-to-fiat settlements, 2% + $0.25.
• Features: Subscription billing, no-code paylinks, checkout integrations, fiat settlement, and support for multiple blockchains (Ethereum, Solana, BNB Chain, Polygon, etc.).
• Issues: Some users report slow user interface responsiveness and a lack of new network integrations in recent months.
• Verdict: A polished, feature-rich solution, but the most expensive option on this list. Best for businesses that value extra features and don’t mind higher costs.

Conclusion

Merchants do not need to accept BitPay’s high fees.

• BTCPay is free but requires technical expertise.
• BoomFi provides advanced features but is the most expensive choice.
• Blockonomics offers the best overall balance—just 1% per transaction, easy to use, and full of useful features.

For small business owners who want an affordable, reliable, and simple crypto payment processor, Blockonomics is the clear winner.