The CoinGate alternative where the money is yours from day one
CoinGate holds your balance and pays out weekly, with fees to withdraw. 402pay puts every payment in your own wallet the moment it confirms.
- 0%
- of every crypto payment, against 1% with CoinGate
- Your wallet
- not CoinGate's account
- Cards + crypto
- in one checkout, into one wallet
CoinGate at a glance
CoinGate is a European processor that accepts major coins and stablecoins and can settle in crypto or fiat. It charges 1% a payment.
Your revenue builds up in a CoinGate balance and, on the standard plan, pays out weekly, with fees to withdraw it in crypto. It doesn't offer USDT to merchants, and it doesn't take cards.
Why businesses switch from CoinGate
The reasons businesses give for leaving CoinGate come back to the same few things: who holds the money, what it costs as sales grow, and which customers can pay at all.
Weekly payouts
On its standard plan, CoinGate pays out once a week. Your revenue sits in its account until then.
Fees to get your own money
On top of 1% per payment, crypto payouts cost €0.50 + 0.5%, and with conversion €0.50 + 1.5%.
No USDT
CoinGate doesn't offer USDT, the largest stablecoin, to merchants.
No cards
Crypto only, so customers who'd pay by card can't.
402pay vs CoinGate, side by side
- Percentage of every crypto payment
402pay
0%CoinGate
1%, plus €0.50 + 0.5% to pay out in crypto- Payments go straight to your own wallet
402pay
AlwaysCoinGate
No- Money is yours the moment it confirms
402pay
InstantlyCoinGate
Weekly payouts- Cards, Apple Pay and Google Pay in the same checkout
402pay
3%, in betaCoinGate
No- USDT on Tron
402pay
YesCoinGate
No USDT for merchants- Nothing to host or maintain
402pay
Fully hostedCoinGate
Yes- Open beyond the US
402pay
YesCoinGate
Yes- Available today
402pay
YesCoinGate
Yes- Networks
402pay
Solana, Polygon, Ethereum, Tron, Bitcoin
CoinGate
USDC on several networks, Bitcoin, Ethereum, Solana and others
What you keep with 402pay
Percentage fees grow with every order. Pick your average payment and your volume to see what CoinGate would take out at its list price.
CoinGate would take out of your payments every month
$200
That's $2,400 a year. 402pay takes out nothing.
- CoinGate
- $200.00
- 402pay
- $0.00
The bottom line
CoinGate works like a bank account for crypto: it holds your balance, pays out weekly on its standard plan, and charges you again to withdraw. If you'd rather your revenue was simply yours, 402pay puts every payment in your own wallet as it confirms, with USDT and cards that CoinGate doesn't offer.
With 402pay
- Who holds the money
- You, in a wallet only you hold the keys to
- When it's yours
- The moment the network confirms it
- What it costs
- 0% of a crypto payment
With CoinGate
- Who holds the money
- CoinGate holds your crypto and fiat balances
- When it's yours
- Weekly on its standard plan
- What it costs
- 1%, plus €0.50 + 0.5% to pay out in crypto
Here's what you can do in 30 minutes
Time is money, and with 402pay, it's yours from the very first payment.
- 5 mins
- Create your account
- Set up a self-custody wallet, or connect yours
- Pick the coins and networks checkout offers
- 15 mins
- Swap your CoinGate links for 402pay payment links
- Turn on cards, Apple Pay and Google Pay, in beta
- Let customers pay the fees, if you want
- 29 mins
- Create payments from your server with one API call
- Get a signed webhook for every payment
- Hand the setup prompt to your AI coding assistant
- No. Every payment goes straight to a wallet only you hold the keys to. 402pay never has your recovery phrase, so we can't freeze, hold or move your funds.
- 0% on crypto payments at an introductory rate and 3% on cards, and nothing is taken out of a payment. The pricing page lists every fee.
- Most businesses are accepting payments the same day: create an account, set up your wallet, and share a payment link or swap in one API call.
- Yes. Nothing ties you to one processor: send new orders through 402pay while anything open finishes on CoinGate, then switch over completely when you're ready.
- No. They pay on the hosted checkout by card, Apple Pay, Google Pay or from any crypto wallet, without signing up for anything.
- Yes. Connect it by its public keys and every payment goes there, for $15.00 a month.
More comparisons
CoinGate details from CoinGate pricing, CoinGate supported currencies. Names and logos belong to their owners and are shown to identify them.