Fivo and BitPay are both crypto payment gateways, but they serve different types of merchants. BitPay is the industry veteran with 14 years of track record, support for 100+ cryptocurrencies, and fiat bank settlement. Fivo is a stablecoin-focused gateway with the lowest fees in the market and cross-chain bridging across 9 EVM chains.

This comparison breaks down the key differences so you can decide which one fits your business.

Company overview

BitPay

Founded in 2011, BitPay is the longest-running crypto payment processor. It has processed over $1 billion in payments and serves merchants in 37 countries. BitPay started with Bitcoin and gradually added support for Ethereum, stablecoins, and over 100 altcoins. It offers both crypto and fiat settlement, including direct bank deposits.

Fivo

Fivo is a stablecoin payment gateway built entirely on Circle infrastructure. Instead of supporting hundreds of volatile cryptocurrencies, Fivo focuses on USDC and EURC across 9 EVM blockchains. Its core feature is automatic cross-chain bridging via Circle CCTP, which means customers can pay from any supported chain and funds arrive on the merchant's preferred chain.

Fee comparison

Fees are one of the biggest differences between the two platforms.

Fee structure comparison

BitPay                              Fivo
────────────────────────────────────────────────────────────
Under $500K/mo:  2% + $0.25/tx      0.5% on withdrawal
$500K-$999K/mo:  1.5% + $0.25/tx    0.5% on withdrawal
$1M+/mo:         1% + $0.25/tx      0.5% on withdrawal

Monthly fee:     None                None
Setup fee:       None                None

On a $10,000 monthly volume with 50 transactions, BitPay costs $225 (2% + $0.25 x 50). Fivo costs $50 (0.5% on withdrawal). That is a difference of $175 per month, or $2,100 per year.

Fivo charges fees only when you withdraw from your wallet, not on each incoming payment. This means receiving 100 payments and withdrawing once costs the same as receiving 1 payment and withdrawing once.

BitPay's fee decreases at higher volumes, but even at $1M+/month (1% + $0.25), it is still double Fivo's flat 0.5%. The per-transaction fixed fee ($0.25) also adds up for businesses with many small transactions.

Supported cryptocurrencies

This is where BitPay and Fivo take completely different approaches.

BitPay: 100+ cryptocurrencies including BTC, ETH, LTC, DOGE, SHIB, XRP, USDC, USDT, and many altcoins. Merchants can accept volatile assets and receive fiat through automatic conversion.
Fivo: USDC and EURC only. USDC is supported on all 9 chains, EURC on Ethereum, Base, and Avalanche.

If you need to accept Bitcoin, Ethereum, or dozens of altcoins, BitPay is the clear choice. If you want to accept stablecoins only (no price volatility, no conversion risk), Fivo is purpose-built for that use case.

Stablecoins like USDC are pegged 1:1 to the US dollar. A $100 payment stays worth $100. With volatile assets like Bitcoin, a $100 payment could be worth $85 or $115 by the time you withdraw.

Blockchain support

BitPay: Ethereum, Arbitrum, Optimism, Base, Solana (5 chains)
Fivo: Ethereum, Polygon, Base, Arbitrum, Avalanche, Optimism, Linea, Unichain, Sonic (9 EVM chains)

Fivo supports nearly twice as many chains. More importantly, Fivo includes Polygon (one of the cheapest L2s for transactions), Avalanche, Linea, Unichain, and Sonic, which are not available on BitPay.

Cross-chain payments

This is Fivo's strongest differentiator. When a customer pays from a different chain than the merchant's receiving chain, Fivo automatically bridges the payment using Circle CCTP. The customer pays on Arbitrum, the merchant receives on Polygon. No manual bridging, no extra steps.

BitPay does not offer automatic cross-chain bridging. If a customer wants to pay from a chain that the merchant doesn't support, the payment cannot be completed. This limits the customer base, especially as users spread across more L2 networks.

Settlement options

This is BitPay's strongest differentiator.

BitPay: fiat bank deposit (USD, EUR, GBP, and more in 37 countries) or crypto settlement in 15 different cryptocurrencies. Daily payouts. Merchants can choose to receive 100% fiat, 100% crypto, or a mix of both.
Fivo: USDC/EURC to the merchant's Circle wallet. Merchants withdraw when they choose. No direct fiat bank deposit.

If you need payments to arrive as dollars or euros in your bank account, BitPay handles that conversion for you. With Fivo, you receive stablecoins (1 USDC = $1) and can convert to fiat through an exchange or off-ramp service when needed.

Integration

Both platforms offer multiple integration methods:

BitPay: Shopify, WooCommerce, and Magento plugins. REST API. Hosted checkout page. Email invoicing.
Fivo: one script tag widget embed, REST API, hosted checkout links, and email invoicing with automatic PDF generation.

Fivo's widget integration is particularly simple. Two lines of HTML and your checkout is live:

Fivo widget embed

<script async src="https://checkout.fivo.finance/v1/fivo.js"></script>

<fivo-button
  merchant-id="fivo_live_your-merchant-id"
  amount="25.00"
  currency="USDC">
</fivo-button>

BitPay's integration is also straightforward if you use one of their supported e-commerce plugins. For custom integrations, both platforms provide well-documented APIs.

Verification requirements

BitPay: requires KYB (Know Your Business) verification before processing payments. This includes business documentation, identity verification, and approval process.
Fivo: email registration with sanctions screening. No KYB documentation required to start accepting payments.

EURC (euro stablecoin) support

Fivo natively supports EURC, Circle's euro-backed stablecoin, on Ethereum, Base, and Avalanche. This allows merchants to accept payments denominated in euros without currency conversion fees.

BitPay supports EURC for settlement (receiving payouts in EURC), but its payment acceptance is primarily focused on USDC and USDT for stablecoin payments.

Which one should you choose?

Choose BitPay if:

You need to accept Bitcoin, Ethereum, and other volatile cryptocurrencies
You need fiat bank settlement (dollars or euros in your bank account)
You operate in one of BitPay's 37 supported settlement countries
Brand recognition and 14 years of track record matter for your customers
You need e-commerce plugins for Shopify, WooCommerce, or Magento

Choose Fivo if:

You want the lowest processing fees (0.5% vs 1-2%)
You only need stablecoin payments (USDC and EURC, no price volatility)
You want cross-chain support so customers can pay from any of 9 EVM chains
You need EURC support for euro-denominated payments
You want the simplest possible integration (one script tag)
You prefer receiving stablecoins rather than fiat

The bottom line

BitPay and Fivo solve different problems. BitPay is the right choice for merchants who need to accept many cryptocurrencies and want fiat in their bank account. Fivo is the right choice for merchants who want stablecoin payments with the lowest fees, the widest chain support, and automatic cross-chain bridging.

For many businesses, the deciding factor is simple: do you need fiat settlement? If yes, BitPay. If you are comfortable receiving stablecoins (which are always worth $1 or 1 EUR), Fivo saves you significantly on fees while supporting more chains.

Want to see how Fivo works? Create a free account and process a test payment in under 5 minutes.

Fivo vs BitPay: Which Crypto Payment Gateway Is Right for Your Business?