NOWPayments review

NOWPayments applies one service fee of 1% service fee on a transaction. There is no separate monthly account charge, so the cost of running an account sits with the transaction itself. That makes the fee easy to pass into pricing when you invoice customers in crypto.

The average transaction time is 5 min average tx time. Shorter settlement matters most for merchants paying suppliers or contractors, since the money leaves your account quickly. Volatile crypto prices can still affect the final amount you receive, so large payouts are worth scheduling carefully.

NOWPayments covers 350 currencies for collections and settlement. A wide range is useful if you sell to customers across several markets or pay contributors in their own currency. The list of accepted coins and fiat pairs is set out on the provider's own pricing page.

Payouts go to bank and wallet, covering bank transfers and digital wallets. Both routes suit automated business payouts, with bank transfers for suppliers and wallets for fast onward movement. Card payouts and cash pickup are not offered, so a plan that relies on them should look elsewhere.

The published information covers fees, delivery, currencies and payout routes, and does not name a regulator or a deposit protection scheme for balances held with the provider. Treat funds sitting with the provider as working capital rather than protected savings, and keep settlement moving to your own accounts.

Help is offered through email and help centre. A help centre covers common questions, and email reaches the team for individual cases. There is no phone line or live chat, so urgent problems with a stuck transaction will take a written reply, and it helps to keep the payment reference handy.

It is aimed at businesses and freelancers who price their work or goods in crypto and settle across borders. The 350 currency coverage and bank and wallet payout routes are the main draws. If you simply want to send money to family, a wallet-based service may cost less.

There is no monthly account charge listed, so the cost of holding an account is 1% service fee per transaction instead. For high-volume merchants that keeps fixed overhead low. Anyone making occasional small payments may find a flat per-send fee elsewhere cheaper.