PYMSTR
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vs Alphapohead-to-head

PYMSTR vs Alphapo.

$60M hacked by Lazarus Group. Enterprise-only. Still custodial.

//The numbers6 dimensions

The numbers speak.

Custody Model

PYMSTR

Non-custodial. You hold keys

Alphapo

Custodial. Hot wallets hacked for $60M

Security Track Record

PYMSTR

Nothing to hack, no fund storage

Alphapo

$60M stolen by Lazarus Group (July 2023)

Transaction Fees

PYMSTR

1% flat. Published, no negotiations

Alphapo

Custom enterprise pricing. Not public

Onboarding

PYMSTR

5 minutes, no KYB, no contracts

Alphapo

Enterprise-only. Weeks to months

Settlement

PYMSTR

Instant. Direct to your wallet

Alphapo

Custom enterprise settlement

Self-Serve Access

PYMSTR

Yes. Any merchant, any size

Alphapo

No. Enterprise sales only

//Why operators add PYMSTR3 reasons

Why merchants add PYMSTR.

01

$60M stolen in a single hack

In July 2023, North Korean Lazarus Group hackers drained $60M from Alphapo's hot wallets. Multiple gambling platforms lost access to deposited funds. The same month, CoinsPaid lost $37M. $97M stolen from custodial processors in one month. PYMSTR is non-custodial. Funds go directly to your wallet. There's nothing to hack.

02

Enterprise-only locks out most operators

Alphapo is enterprise-only with no public pricing, no self-serve option, and opaque onboarding. Small and mid-size operators are excluded entirely. PYMSTR gives every merchant the same enterprise-quality features. Enforced payments, multi-chain support, full analytics, with zero gatekeeping.

03

Opaque pricing hides the true cost

Alphapo doesn't publish pricing. Everything is negotiated per enterprise account, and opacity often means higher true costs. PYMSTR charges 1% flat. Published on the website, no tiers, no negotiations, no hidden fees.

//Alphapo questions5 answers

Short
answers.
No jargon.

In July 2023, the Lazarus Group compromised Alphapo's hot wallets across multiple blockchains, stealing approximately $60M. Multiple gambling platforms that stored funds with Alphapo were directly affected. This was only possible because Alphapo is custodial. PYMSTR is non-custodial. We never hold merchant funds.
Yes. PYMSTR serves merchants of any size. From startups to enterprises, with the same 5-minute onboarding, 1% flat fee, and full feature set. No enterprise sales process, no minimum volume requirements.
Enforced payments mean the merchant controls exactly which blockchains and stablecoins customers can use. PYMSTR's mandatory sign-in creates an embedded wallet so customers can only pay with approved options. Wrong-chain and wrong-token errors are impossible. Alphapo has no equivalent feature.
Yes. Unlike Alphapo's enterprise-only model, PYMSTR serves any operator regardless of size. The same $0 setup, 1% flat fee, and full feature set is available to everyone, no enterprise sales process required.
Alphapo and CoinsPaid are both custodial crypto payment processors with confirmed hack histories. Alphapo lost $60M to the Lazarus Group in July 2023. CoinsPaid lost $44.5M across two incidents in 2023 and 2024. Custody is the common failure mode: both held merchant funds on their own servers, which is what made the attacks possible. PYMSTR is non-custodial, so funds never touch our servers. The dedicated CoinsPaid comparison is available at /vs/coinspaid.
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Key advantages

Add the stablecoin rail to your checkout.

Non-custodial. Stable-in, stable-out. Funds settle directly to your wallet on-chain. Live in minutes, not months.