NOWPayments Review

NOWPayments is a project by ChangeNOW founded in 2019 to provide people with an easy way to accept cryptocurrencies for products and services. Essentially, it’s a crypto payment processor.

One of the best things about the NOWPayments payment gateway is that it is custodial, which means that they don’t hold your funds as an intermediary, it goes directly from the person paying to your crypto wallet.

NOWPayments Website

In this review of NOWPayments, we’ll be taking a look at some of the main features of the service and showing you exactly how to get started accepting crypto payments.

Who is NOWPayments for?

NOWPayments is for anyone that wants to accept cryptocurrency payments for goods and services. Some popular examples of use cases include people selling cryptocurrency trading services like signals, or merchants selling online goods who want to be paid in crypto. Cryptocurrency has proved to the world that it’s extremely versatile, and hence, some store owners think that they can increase sales by providing cryptos like Bitcoin and Ethereum as payment methods on their site.

Features

The platform is packed full of neat features which contribute to a brilliant overall user experience, let’s take a look at some of them now.

  • Auto Coin Conversion – this feature means that you can accept a wide range of cryptos, and have them automatically changed into a coin of your choice like Bitcoin for example
  • Instant Withdrawals – any payments you receive through NOWPayments go directly to your wallet, there’s no need to wait around for someone to authorise payment to you
  • Stablecoin Support – NOWPayments supports stablecoins like USDT which means that you can avoid volatility concerns by accepting them on your site
  • Regulatory Compliance – in order to remain compliant with the law, NOWPayments has a dedicated legal team on hand to ensure the service remains legitimate
  • 24/7 Support – if you ever need help with using the NOWPayments platform, someone from the support team is always there to guide you to a solution
  • Affiliate Program – by referring merchants to use NOWPayments, you’ll get an instant $25 payout and 0.2% of the fees they generate for the lifetime of their account

How to use NOWPayments

To get started with the NOWPayments platform, follow the instructions below.

  1. Visit nowpayments.io
  2. Click ‘Start Now’ or go to account.nowpayments.io/create-account
  3. Enter your email address, company name and password
  4. Confirm your email by clicking on the link in your inbox
  5. All set – you can now login to your account
  6. Now you can use their simple API to start accepting crypto payments
  7. If you aren’t experienced with code, then you can use their WooCommerce plugin to start accepting cryptos on your site instantly

Supported Coins

Wondering which coins you can accept with NOWPayments? Here’s a complete list.

  • Bitcoin
  • Zcash
  • Litecoin
  • Verge
  • Bitcoin Cash
  • Tron
  • DigiByte
  • Horizen
  • TrueUSD
  • EOS
  • FunFair
  • DigixDAO
  • GAS
  • Ethereum
  • Groestlcoin
  • Bitcoin Gold
  • Binance Coin
  • Stellar
  • Dash
  • Waves
  • Cardano
  • XRP
  • Monero
  • NEO
  • Zcoin
  • Paxos
  • Bitcoin Diamond
  • Decred
  • Tether
  • Tael
  • QTUM
  • Huobi Token
  • Basic Attention Token
  • Komodo
  • Beam
  • Nano
  • Ethereum Classic
  • Binance USD
  • USD Coin
  • NEM

Fees

NOWPayments offers a volume-based pricing model, which means that the fee becomes less the more volume that goes through your NOWPayments account. Below are the exact transaction fees for each volume tier on NOWPayments.

Monthly VolumeTransaction Fee
0-49 BTC0.5%
50-100 BTC0.45%
101-200 BTC0.4%
201 BTC+Available on Contact

Conclusion

NOWPayments is a leader in providing tools which allow merchants to accept cryptocurrencies in a transparent and easy manner. We love the service and think that it is vital for the widespread adoption of digital assets. Could NOWPayments be the stripe of the crypto world? Who knows, but it’s fair to say that it definitely has a good chance.

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