PYMSTR
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vs CoinsPaidhead-to-head

PYMSTR vs CoinsPaid.

Hacked twice. $44.5M lost. Still custodial.

//The numbers6 dimensions

The numbers speak.

Custody Model

PYMSTR

Non-custodial. You hold keys

CoinsPaid

Custodial. Funds on their servers

Security Track Record

PYMSTR

Nothing to hack, no fund storage

CoinsPaid

Hacked $37M (2023) + $7.5M (2024)

Transaction Fees

PYMSTR

1% flat, no hidden fees

CoinsPaid

0.5-1.5% + conversion spread + $25/mo inactivity

Chargebacks

PYMSTR

0%. Transactions are final

CoinsPaid

Dispute process available

Onboarding Time

PYMSTR

5 minutes, no KYB

CoinsPaid

KYB required. Days to weeks

Settlement

PYMSTR

Instant. Direct to your wallet

CoinsPaid

Custodial settlement with delays

//Why operators add PYMSTR3 reasons

Why merchants add PYMSTR.

01

$44.5M hacked, and counting

CoinsPaid lost $37M in July 2023 to Lazarus Group, then another $7.5M in January 2024. When a processor holds your funds, their security is your risk. PYMSTR is non-custodial. Funds go directly to your wallet. There's nothing for hackers to steal.

02

Hidden fees add up fast

CoinsPaid charges 0.5-1.5% per transaction, plus a 0.3-0.8% conversion spread, 1-3% for fiat withdrawals, and a $25/month inactivity fee. PYMSTR charges 1% flat per transaction. No conversion fees, no monthly charges, no surprises.

03

You don't control the off-ramp

Custodial processors can freeze withdrawals, delay settlements, or require additional verification at any time. With PYMSTR, stablecoins arrive in your wallet the moment the transaction confirms. No intermediary, no delay.

//CoinsPaid questions5 answers

Short
answers.
No jargon.

CoinsPaid remains custodial, meaning funds are stored on their servers. While they've improved security, the custodial model itself is the risk. 95% cold storage still leaves 5% in hot wallets. PYMSTR eliminates this entirely. Funds go directly to your wallet and never touch our infrastructure.
PYMSTR is non-custodial. We never hold, store, or have access to merchant funds. Payments flow directly from customer to merchant wallet on-chain. There are no pooled funds for attackers to target.
Yes. Sign up via wallet connection or social login, an embedded wallet is created automatically in your dashboard. Start accepting payments in minutes. No KYB, no waiting. You can run both processors in parallel during your transition.
Yes. PYMSTR is built for high-risk merchants including iGaming operators. Unlike processors that restrict gambling, we welcome it with 1% flat fees and no volume limits.
Both CoinsPaid and Alphapo are custodial crypto payment processors that have suffered major hacks. CoinsPaid lost $44.5M across two incidents (2023 and 2024). Alphapo lost $60M to the Lazarus Group in 2023. Both hold merchant funds on their own servers, which is the root cause of the hack risk. PYMSTR is the non-custodial alternative to both: funds settle directly to your wallet, so there is nothing for attackers to take. The dedicated Alphapo comparison is available at /vs/alphapo.
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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.