What is NOWPayments?
NOWPayments is a non-custodial cryptocurrency payment gateway established in 2019. It enables businesses and individuals to accept, process, and manage payments in over 200 digital assets, including Bitcoin, Ethereum, and stablecoins. The platform offers various integration options, such as API, plugins, invoices, and point-of-sale solutions, for e-commerce sites, donation platforms, and freelancers. All payments are settled directly to users' wallets, with automatic exchange features for selected currencies like USD and EUR equivalents. NOWPayments does not hold customer funds, ensuring users maintain full control of their crypto. The service is available globally and supports instant payments with real-time reporting and low transaction fees.
How to use NOWPayments?
- Sign up for a NOWPayments account on their website.
- Choose the integration method (API, plugin, invoice, or POS).
- Configure your preferred wallet to receive payments.
- Select which cryptocurrencies to accept.
- Integrate with your store or share payment links to customers.
- Monitor transactions and payouts in your dashboard.
The pro's of using NOWPayments
- Supports 200+ cryptocurrencies, enabling diverse payment options.
- Non-custodial; funds go directly to your wallet, increasing security.
- Global accessibility; serves merchants and individuals worldwide.
- Automatic conversion to stablecoins or fiat equivalents minimizes volatility.
- Simple integrations via API, plugins, and point-of-sale features.
The con's of using NOWPayments
- No built-in customer support for chargebacks or disputed transactions.
- Crypto market volatility can still affect final settlements if not auto-converted.
- Not all regions have equally strong crypto adoption, limiting customer usage.
- Transaction fees may be higher compared to some local payment processors.
- Compliance and regulatory requirements remain the user’s responsibility.