Speed vs NOWPayments
Side-by-side comparison of fees, features, integrations, and more
| Feature | Speed | NOWPayments |
|---|---|---|
| Transaction Fee | 1% | 0.5% |
| No KYC | No | Yes |
| Custodial Mode | Yes | Yes |
| Non-Custodial Mode | No | Yes |
| API Available | Yes | Yes |
| Avg. Rating | ||
| Year Founded | 2021 | 2019 |
| Overall Score | 47/100 | 71/100 |
Speed vs. NOWPayments: Which one is better?
NOWPayments Wins
Verdict
NOWPayments leads in 5 out of 6 comparable categories. However, Speed may still be the better choice depending on your specific requirements. Always evaluate based on your business needs.
Frequently Asked Questions
Speed and NOWPayments are both crypto payment processors but differ in fees, features, and integrations. Speed charges 1% per transaction. NOWPayments charges 0.5% per transaction and offers both custodial and non-custodial modes. Speed is based in USA while NOWPayments is based in Saint Vincent and the Grenadines.
Speed charges 1% per transaction, while NOWPayments charges 0.5%. Both should be evaluated based on your expected transaction volume and business needs.
Speed supports WooCommerce, Magento plugins and provides an API. NOWPayments supports Shopify, WooCommerce, PrestaShop, Magento plugins and provides an API. The ease of integration depends on your platform and technical requirements.
Both Speed and NOWPayments support major cryptocurrencies. Speed operates in custodial mode only. NOWPayments offers both custodial and non-custodial modes for broader token support. Check each provider's documentation for the full list of supported assets.
For small businesses, key factors are low fees and easy setup. Speed charges 1% with no setup fee. NOWPayments charges 0.5% with no setup fee and does not require KYC. Consider which platform integrations you need when making your decision.
For large businesses, reliability, integration depth, and API access matter most. Speed has a score of 47/100, offers a full API, and supports WooCommerce, Magento. NOWPayments has a score of 71/100, offers a full API, and supports Shopify, WooCommerce, PrestaShop, Magento. Evaluate based on your platform requirements and expected transaction volume.
Speed has a dedicated WooCommerce plugin available. NOWPayments has a dedicated WooCommerce plugin available. Both offer WooCommerce plugins, so setup should be straightforward for either.
Settlement speed depends on the cryptocurrency network and each provider's processing. Both Speed and NOWPayments process payments on-chain, so confirmation times are similar for the same blockchain. The main difference is in fiat conversion and withdrawal processing times, which vary by provider and region.
Speed operates in custodial mode only, founded in 2021. NOWPayments offers both custodial and non-custodial modes for maximum flexibility, founded in 2019. Both providers implement standard security practices. Non-custodial options generally offer more security as funds are not held by a third party.
Customer support quality can be assessed through third-party review platforms. Speed has a Trustpilot profile and a G2 profile where you can read user reviews. NOWPayments has a Trustpilot profile and a G2 profile for community feedback. We recommend checking these platforms for the most up-to-date support reviews.