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Merchant Competition Mapping

Product Competition Table

Comparison
Company
Centralize or Decentralize
Website
UNIGATE
DECENTRALIZED
BitPay
CENTRALIZED
CoinPayments
CENTRALIZED
Plisio
CENTRALIZED
Request
CENTRALIZED
CoinRemitter
CENTRALIZED
NowPayments
CENTRALIZED
BTCPay
CENTRALIZED
Coingate
CENTRALIZED
CryptAPI
CENTRALIZED
crypto.com
CENTRALIZED

What places Unigate miles ahead of competition today

All the services commonly used on other platforms for personal and merchant services - are centralized. UNIGATE provides these services on DeFi protocols (Decentralized Finance).

What is Centralized? What are the risks of transacting on centralized platforms?

Centralized means all the control, core systems and processors, wallets, user identity, are under the control of the proprietary software.
Consequences are:
  • User has no control on their own funds
  • Extensive signup formalities and delayed KYC approval
  • Requirement of trusting multiple third parties to perform different roles in a single transaction
  • Fee payments to these third parties makes the transaction processing expensive.
How does UNIGATE resolve this
UNIGATE brings the best of Merchant Services and Personal User services - under its platform which entirely runs on the DeFi protocols.
Benefits are:
  • No signup required. No KYC required.
  • Users have real control over their personal data, and funds in crypto wallets
  • The system is 'Trustless' - No requirement of trusting, involving of third parties and paying fees to them to process a transaction.
  • All transactions are processed independently through smart contracts where no central point of authority, not even UNIGATE, can modify or interfere in any user's transaction processing.
Being decentralized was the essential purpose behind the establishment of cryptocurrencies today, and UNIGATE, true to that spirit, keeps every functional element decentralized.

Tools Competition Table

Compare Features
Text
Buy, Swap, Pay, Liquidate
Multi Wallet Compatibility
Invoicing
Card
Mass Payout
API
eCommerce Plugins
UNIGATE
All
Yes
Yes
Yes
Yes
Yes
Yes
BitPay
All
Yes
Yes
Yes
No
Yes
Yes
CoinPayments
All except Liquidate
Only proprietor software's wallet
Yes
No
No
Yes
Yes
Plisio
No
Only proprietor software's wallet
No
No
Yes, but 1000 txns max
Yes
Yes
Request
No
-
Yes
No
No
No
No
NowPayments
Liquidate. Swap in another product
-
Yes
No
Yes
Yes
Yes
BTCPay
No
Yes
Yes
No
No
Yes
Yes
CoinGate
All
Yes
Yes
No
No
Yes
Yes
CryptAPI
No
No
No
Yes
No
Yes
Yes
Crypto.com
All in another product
Yes
Yes
Yes
No
Yes
Yes
Services with UNIGATE
Merchant: Invoicing, Mass Payouts, Plugins for eCommerce sits, Settlement (Liquidation) into Fiat
End User Services: P2P Payment, Stake, Swap, Yield Farming, Pool and other services being developed, under roadmap
Platform Strengths: DeFi, Multi-Bridge, Support 6 blockchains
Transaction Fee structures
Company
Processing Fees Merchant
UNIGATE
1%
BitPay
1% + "Withdraw Fees + from 0.25% to 2% based on risk appetite"
CoinPayments
Upto 1.5% + Withdraw Fees
Plisio
From 0.5% merchant +0.5% withdraw + 1.5% extra service
NowPayments
0.4% + 0.5% withdraw fees
Coingate
Processing 1% + withdraw 0.25% to 0.50%
CryptAPI
0.25% to 1% + withdraw fees
Crypto.com
Trading 0.40% + Blockchain Transaction Fees. Mostly high transaction fees unless their coin is purchased