NearPayments vs
BitPay
Zero fees, no KYC, self-custody, and 31 supported chains. A modern alternative to BitPay for merchants who want to keep more of every payment.
1% → 0%
Fee Savings
Save on every transaction
Instant
No KYC
Start in minutes, not days
Your keys
Self-Custody
Payments go directly to your wallet
Feature-by-feature comparison
| Feature | NearPayments | BitPay |
|---|---|---|
| Platform Fee | 0% | 1% |
| Settlement Fees | None | Additional charges |
| KYC Required | No | Yes (mandatory) |
| Supported Chains | 31 | ~16 |
| Custody Model | Self-custody | Custodial |
| Setup Time | ~5 minutes | Days (KYC process) |
| Fiat Settlement | Crypto only | Yes (bank deposit) |
| Enterprise Support | Community | Dedicated account manager |
| Management | Telegram + Web Dashboard | Web dashboard |
Frequently asked questions
How does NearPayments compare to BitPay on fees?
BitPay charges 1% per transaction plus additional settlement fees. NearPayments charges 0% — you only pay blockchain gas fees. For a merchant processing $10,000/month, that's $100+ saved monthly.
Does NearPayments support fiat settlement like BitPay?
NearPayments settles in crypto directly to your wallet. If you need fiat conversion, you can use any exchange or on-ramp service of your choice. BitPay offers built-in fiat settlement but at a higher fee.
Do I need KYC to use NearPayments?
No. NearPayments has no KYC requirement. You can create a storefront and start accepting payments in minutes via the Telegram bot. BitPay requires full KYC verification which can take days.
Can I migrate from BitPay to NearPayments?
NearPayments offers an API compatible with NOWPayments, Cryptomus, and OxaPay, which differs from BitPay's API. Migration requires updating your integration code, but NearPayments' API is well-documented and designed for easy setup.
Ready to drop in?
Swap one URL, keep your entire integration. Zero fees, zero KYC. Start accepting crypto payments in under 5 minutes.