coinsnap

coinsnap Review

CoinSnap is a Bitcoin merchant service provider. The company has been established since 2009 and enables business owners to accept Bitcoin as a means of payment. The process is quick with users initially setting up an account and being able to accept Bitcoin payments after. CoinSnap provides an indicative exchange rate between Bitcoin and the local currency such as USD or EUR. Users can do daily settlement easily through their dashboard. CoinSnap only supports accepting Bitcoin as payment.

CoinSnap integrates with different e-commerce plugins, payment buttons, and shopping cart solutions. CoinSnap has a simple API which users can integrate with.

In terms of fees, CoinSnap charge €0.10 per transaction along with 1%. The fees are not clearly stated on the website and are difficult to find. Overall, CoinSnap is a less popular merchant processing solution. Although it has some good features, there have been concerns voiced about its services online. Their fees are also above competitors.

Pros & Cons

Enables users to accept Bitcoin as payment

Simple API to integrate with

Integrates with different plugins, payment buttons, and shopping carts

Fees higher than competitors

Only supports Bitcoin

Concerns voiced online about the service