Software Alternatives, Accelerators & Startups

API Platform VS NOWPayments

Compare API Platform VS NOWPayments and see what are their differences

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API Platform logo API Platform

REST and GraphQL framework to build modern API-driven projects

NOWPayments logo NOWPayments

NOWPayments is a crypto payment gateway that supports more than 300 cryptocurrencies, including fiat, and offers simple tools to accept crypto payments, like a crypto payments API, plugins, invoices.
  • API Platform Landing page
    Landing page //
    2023-09-15
  • NOWPayments Landing page
    Landing page //
    2023-07-09

NOWPayments is a crypto payment gateway that lets all types of businesses accept payments in 300+ cryptocurrencies, with auto coin conversion and fiat conversion available.

Pricing: 0,5% transaction fee + 0,5% exchange fee if exchange is needed. The platform also supports fiat conversion: allowing users to pay in fiat currencies, and merchants to accept crypto, and vice versa.

NOWPayments offers tools for accepting payments: - API - Invoices - Billing (recurring payments) - E-commerce plugins - Web-based point-of-sale for physical stores

NOWPayments also has donation tools: - Donation button (customizable) - Donation widget - Customizable donation link - Donation button for Twitch streamers

NOWPayments has a solution for payouts: mass payouts + custody if needed

NOWPayments has developed a special custody solution: allowing merchants to create and manage deposit accounts for their customers

NOWPayments offers customized solutions for different industries: - Gaming - Gambling - Trading Platforms - Adult Industry - PSP - E-commerce T- oken Generation Events - and we can develop custom solutions for your needs.

Benefits - 250+ assets available for cross-chain payments (converted automatically) - and more coming - Listing requests accepted - Instant settlements - Fixed rate - Low fees - Micropayments possible - Fiat on/off ramp possible - Customizable solutions for industries - 24/7 support - Personal Account managers - Non-custodial and custodial flows available - Part of a bigger NOW ecosystem: ChangeNOW exchange service, NOWNodes, NOW Wallet, etc - Marketing support

NOWPayments is a non-custodial payment gateway, which means that all your payments will be instantly transferred to your own wallet that only you can have access to.

NOWPayments

$ Details
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Platforms
WooCommerce Wordpress REST API
Release Date
2019 April

API Platform features and specs

  • Rich Feature Set
    API Platform offers a comprehensive set of tools and features for building APIs, including schema generation, documentation, testing, and more, which can accelerate the development process.
  • GraphQL Support
    It provides built-in support for GraphQL, allowing developers to create flexible and efficient queries, which can improve client performance and reduce over-fetching of data.
  • Automatic CRUD Operations
    API Platform simplifies backend development by automatically generating CRUD (Create, Read, Update, Delete) operations from the model schema, reducing boilerplate code.
  • Integration with Symfony
    Built on top of Symfony, API Platform leverages Symfony's robustness, community support, and vast amount of plugins and bundles, which can enhance the APIโ€™s flexibility and extensibility.
  • API-First Design
    It supports designing APIs first with a specification-based approach, encouraging developers to define data models and interfaces before implementation, leading to clearer and more maintainable code.

Possible disadvantages of API Platform

  • Complexity for Simple APIs
    For simple or small-scale APIs, API Platform's extensive features can introduce unnecessary complexity, making it less suitable for straightforward projects where a simpler solution would suffice.
  • Learning Curve
    The comprehensive feature set can lead to a steeper learning curve for newcomers, especially those unfamiliar with Symfony or the API Platformโ€™s methodologies.
  • Symfony Dependency
    Since API Platform is deeply integrated with Symfony, it might not be the ideal choice for projects using different frameworks, as it would require adopting Symfonyโ€™s ecosystem.
  • Limited Community Compared to Larger Frameworks
    While it has a supportive community, API Platform is more niche compared to larger frameworks like Express or Django, which might result in fewer community resources or third-party tutorials.
  • Overhead on Performance
    The abstraction and features provided by API Platform may introduce some overhead, potentially impacting performance compared to more lightweight solutions optimized for specific use cases.

NOWPayments features and specs

  • Wide Range of Supported Cryptocurrencies
    NOWPayments supports over 50 cryptocurrencies, allowing merchants and users to transact using their preferred digital assets.
  • Merchant Tools and Plugins
    NOWPayments offers a variety of integrations including APIs, an invoicing system, and plugins for popular e-commerce platforms like WooCommerce, Magento, and Shopify.
  • Non-Custodial Service
    Funds go directly to the merchant's wallet, ensuring greater security and reducing the risk associated with centralized platforms.
  • Low Fees
    The platform offers competitive transaction fees starting at 0.5%, making it an affordable choice for businesses.
  • Auto Coin Conversion
    Merchants can automatically convert received cryptocurrencies into a more stable asset or their preferred cryptocurrency.

Possible disadvantages of NOWPayments

  • Customer Support
    Although generally reliable, some users have reported delays in customer support response times during peak periods.
  • Regulatory Uncertainty
    As with any cryptocurrency service, the platform operates in a regulatory gray area in some jurisdictions, which could lead to potential compliance challenges.
  • Dependency on Cryptocurrency Volatility
    The value of cryptocurrencies can be highly volatile, posing risks for both merchants and customers in terms of transaction value fluctuations.
  • Relatively New Service
    As a relatively new player in the market, the platform may lack the extensive track record and reliability compared to more established providers.

Analysis of NOWPayments

Overall verdict

  • NOWPayments is considered a reliable and beneficial service for cryptocurrency payments by many users.

Why this product is good

  • NOWPayments is praised for its ease of use, allowing businesses to accept a wide range of cryptocurrencies with simple integration processes. It offers competitive transaction fees and supports automatic conversion to fiat currencies, providing flexibility for businesses. Additionally, its non-custodial nature enhances security, as it does not hold the funds but directly transfers them to the merchant's wallet.

Recommended for

    NOWPayments is highly recommended for online businesses, e-commerce platforms, and any merchants looking to expand their payment options to include cryptocurrencies. It is especially beneficial for those who value security, seek to reach a global customer base, and want to offer flexible payment choices.

API Platform videos

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NOWPayments videos

What is NOWPayments

More videos:

  • Review - What is NOWPayments? | Accept Crypto Payments | Crypto Merchant Processor | Process Crypto Payments
  • Tutorial - How to Setup NOWPayments Crypto Donation Button on Your Website (2021)

Category Popularity

0-100% (relative to API Platform and NOWPayments)
Web Frameworks
100 100%
0% 0
Cryptocurrencies
0 0%
100% 100
Developer Tools
100 100%
0% 0
Crypto Payments
0 0%
100% 100

Questions & Answers

As answered by people managing API Platform and NOWPayments.

What makes your product unique?

NOWPayments's answer:

300+ currencies, cross-chain payments, fiat on-ramp and off-ramp. Multiple crypto payment tools, custom solutions for various industries.

Why should a person choose your product over its competitors?

NOWPayments's answer:

  • lower fees
  • more currencies supported
  • 24/7 support
  • transparent fee system, no hidden fees
  • listing possibilities
  • custom features

How would you describe the primary audience of your product?

NOWPayments's answer:

Businesses and individuals that would like to accept crypto

Who are some of the biggest customers of your product?

NOWPayments's answer:

For example, Travala crypto travel platform

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare API Platform and NOWPayments

API Platform Reviews

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NOWPayments Reviews

Best Crypto Payment Gateways 2024
In the ever-evolving landscape of digital transactions, choosing the right payment gateway is paramount for businesses aiming to leverage the power of cryptocurrencies. As the market matures, demands for reliability, security, and efficiency have soared, making it imperative for businesses to align with the best-in-class solutions. Among the myriad of options available,...
Source: bitcoinist.com
9 Best Cryptocurrency Payment Gateways Reviewed [January 2023]
NowPayments is a well-known crypto payment gateway established by ChangeNow, one of the top crypto swapping sites, in 2019. The platform offers low transaction fees and also offers non-custodial services for users who would like to have complete control over their funds. Businesses can easily integrate NOWPayments API to their platforms and benefit from its additional tools...
Source: coingape.com

Social recommendations and mentions

Based on our record, NOWPayments should be more popular than API Platform. It has been mentiond 67 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

API Platform mentions (39)

  • Symfony 7 vs. .NET Core 8 - Controllers
    Another difference is that in .NET Core, we can integrate with OpenAPI out of the box (it is part of the framework), while in Symfony, an API-based application with OpenAPI features is only available using a third-party toolโ€”the API Platform. - Source: dev.to / about 2 years ago
  • Consistent validation with API Platform 3
    API Platform is a great tool for rapid API development, but it has a lot of not-so-well-documented features which can sometimes lead to confusion. Playing around with a new project of mine I've stumbled into one: tests were failing for my validation assertions of endpoints' responses! - Source: dev.to / about 2 years ago
  • Lucky like a 7 โ€” Seven SymfonyCasts Courses to Master Symfony 7
    Technically API Platform is not part of Symfony. Although, they are both French. ๐Ÿ˜‰. - Source: dev.to / over 2 years ago
  • Shot in the dark
    Probably API-platform. The website is down at the moment, but: https://github.com/api-platform/api-platform It's Symfony based (and plays nice in that ecosystem), also allows you to describe entities via Schema org vocab, has a client generator, and comes with docker-compose and helm charts. I've used it extensively to build various headless services. It's really easy to expose annotated Doctrine entities. Source: about 3 years ago
  • API Platform up and running in 5 minutes ๐Ÿš€
    API Platform is a framework for API-first projects, built on top of Symfony components. Let's see how to create a minimal and lightweight starter project in just 5 minutes! - Source: dev.to / about 3 years ago
View more

NOWPayments mentions (67)

  • Want to accept crypto for my business, how to handle it best?
    I looked at this for my business as well, I ended up using crypto.com which to date nobody has used and https://nowpayments.io/ which many people have used. Source: over 2 years ago
  • Looking where to buy some hoge?
    Https://nowpayments.io/ Have a store and want to accept crypto such as HOGE? NowPayments has you covered. Source: about 3 years ago
  • NowPayments.io adding PLS soon means PLS payments on: Shopify, WooCommerce, Brick & Mortar POS Terminals, Donation Websites, Casinos, Fiat On Ramps and much more!
    It's looking like PowerCity's PixelPark is trying to beat Mintra to market as the first major NFT Marketplace soon on PulseChain as they have partnered with NowPayments.io to handle their payment processing:. Source: about 3 years ago
  • FOSS PayPal/Stripe?
    This is as close to foss as I can get my payment processing right now. I love it but it obviously limits the purchaser poolโ€ฆ. Source: about 3 years ago
  • Launching a business website, Need to integrate Crypto payment options
    I have a buddy who uses https://nowpayments.io/ and likes it. Source: over 3 years ago
View more

What are some alternatives?

When comparing API Platform and NOWPayments, you can also consider the following products

Play Framework - An open source web framework which follows the model-view-controller architecture. It is light-weight, web-friendly, and stateless. It provides minimal overhead for highly-scalable applications.

BitPay - Bitcoin payment gateway. Enterprise-grade solutions, from the pioneer of bitcoin payments.

Adonis JS - AdonisJs is a Node.js web framework with breath of fresh air and drizzle of elegant syntax on top of it

CoinGate - CoinGate is a payment gateway for Bitcoin, XRP, Litecoin, Ethereum and 50 other cryptocurrencies.

ExpressJS - Sinatra inspired web development framework for node.js -- insanely fast, flexible, and simple

CoinPayments - Payment gateway providing buy now buttons, shopping carts, and more to accept Bitcoin, Litecoin, and other cryptocurrencies/altcoins on your website/online store.