Coinvay can fit merchants who want the paid crypto sent to their own wallet. BitPay deserves consideration when fiat or mixed settlement is a core requirement. Compare receipt destination before fees.
Published by Coinvay. Provider facts were checked against official sources on 27 October 2026. Availability, fees and terms can change. Coinvay’s 0% invoice commission excludes blockchain fees and optional merchant plans.
Specify the asset you want to receive
BitPay's public pricing page offers settlement in local currency, cryptocurrency or a combination. It also advertises daily fiat bank settlements. Its listed processing rates are volume-based, ranging from 2% plus $0.25 to 1% plus $0.25, with higher fees possible for high-risk businesses. These facts were checked on 27 October 2026.
Coinvay's invoice flow transfers the selected supported crypto directly to the merchant wallet. It does not provide native bank settlement. That difference is more important than a fee comparison for a business that must receive operating cash in a bank account.
| Area | Coinvay | BitPay |
|---|---|---|
| Receipt outcome | Crypto directly in merchant wallet | Fiat, crypto or a combined settlement |
| Headline processing cost | 0% invoice commission; plans separate | Volume-based 2%, 1.5% or 1%, plus $0.25; terms apply |
| Essential decision | Operate and retain crypto | Assess managed settlement requirements |
Model the whole path from sale to usable funds
Coinvay currently charges 0% invoice transaction commission, while optional merchant plans and blockchain fees still apply. If a merchant later converts receipts through another service, the cost and availability of that conversion belong in its own model. A wallet receipt and a bank deposit are different outcomes.
Build a representative month using your actual order sizes and required settlement currency. Include the work required to reconcile exceptions, approve refunds and export accounting records. Avoid applying a provider's highest-volume rate to a smaller business or assuming a headline rate includes every downstream service.
A hypothetical retailer's evaluation
Imagine a retailer whose supplier invoices are paid from a bank account, while some customers prefer crypto. This hypothetical merchant should compare a managed settlement route with the full direct-wallet route, including any separate conversion step it would need. Its test should follow one order from checkout through accounting, not stop at a successful transaction screen.
A different merchant that already uses crypto for treasury may prefer Coinvay's direct receipt model. Neither scenario establishes a universal winner. The purpose is to choose a service that delivers the funds in the form your business actually needs.
Practical checklist
- Define whether the required receipt is crypto, fiat or a mixture.
- Use your expected monthly volume when reviewing published pricing tiers.
- Account for optional plans, network costs and any later conversion.
- Document who handles refunds and accounting reconciliation.
Common questions
Does Coinvay automatically convert sales into a bank deposit?+
No. Its current invoice flow pays the merchant's crypto wallet. A merchant needing fiat settlement must evaluate a separate conversion/off-ramp process or a provider offering that outcome.
Can I compare only the percentage fee?+
That can be misleading. Fixed transaction charges, plan prices, order size, settlement currency and operating work all affect the result.
Sources and further reading
Primary references and Coinvay product documentation. Check the linked pages for current details.
AI-assisted drafting, published by Coinvay. Examples are illustrative. Read our editorial approach.