Crypto Payment Gateways in Brazil: Major Players to Keep an Eye on

Key Insights:

• PagCrypto and Redecoin are among the top native crypto payment gateways in Brazil.
• Brazil legalized Cryptocurrencies via the Virtual Assets Law, which came into force in June 2023.
• Most payment solutions in Brazil charge between 0.4% to 1.75% as processing fees.

Brazil’s crypto payment market continues to grow. Brazil legalized digital assets (not a legal tender) via the Virtual Assets Law. The Congress passed the law in November 2022, which was officially signed and went into effect in June 2023.

This legislation categorized crypto as an official payment method under the supervision of the Central Bank of Brazil. Strong crypto adoption, Pix integration, and clear regulations are driving the demand.

Businesses across the country are looking into reliable crypto payment gateways. They prefer the providers who offer convenient crypto-to-BRL conversions and reasonable fees. They expect solutions to provide compliance assistance and seamless access to Brazilian payment methods like Pix and boletos.

Brazil Specific Crypto Payment Gateways

Redecoin Gateway

Redecoin is a Brazilian gateway for Bitcoin payments. The platform allows merchants to accept BTC payments and automatically convert them into Brazilian Reais (BRL). It clears settlements directly via local bank deposits. This protects them from fluctuations in the value of Bitcoin.

Brazil’s Native Crypto Payment Gateway Redecoin | Source: redecoin.com

The crypto payment gateway easily integrates with Brazilian online store systems and plugins such as OpenCart. It emphasizes a low technical barrier to entry for small e-stores with zero blockchain knowledge.

They charge an operating fee of between 0.5% to 2% per transaction. This tightly mirrors the regional standard. Redecoin specializes strictly in Bitcoin. It does not support multi-asset stablecoins (such as USDT) or lower-fee, high-velocity networks like Solana.

PagFinance (PagCrypto)

PagFinance, operating as PagCrypto, is a Brazilian decentralized payment infrastructure built mainly on Solana. However, it also provides cross-chain support through the Wormhole protocol for EVM networks.

Founded in Curitiba in 2024, PagCrypto acts as a non-custodial bridge between blockchain assets and traditional banking systems. The platform reports a 4.2+ Trustpilot rating, more than 4,000 active users, over R$20 million in processed volume, and 99.9% uptime. The average fee is around 1.75%.

The platform facilitates crypto-to-fiat conversions. Consumers at checkout make crypto payments in USDC, USDT, SOL, and 46 other assets. The solution works on the backend, and merchants receive the funds directly into their BRL accounts. Settlements are made instantly through Pix, boletos, bill payments, invoice payments, and vendor transfers.

The crypto payment gateway also includes KYC and anti-fraud measures for compliance. It is particularly suitable for businesses that need fast BRL payouts, supplier payments, or efficient cross-border transactions. Users often highlight instant Pix settlements and reliable boleto processing.

Global & Multi-Currency Crypto Payment Gateways

PassimPay

PassimPay is a global gateway designed specifically for Web3 payments. It supports more than 65 cryptocurrencies, including BTC, ETH, USDT, BNB, USDC, and LTC, across various networks.

PassimPay offers automated routing, instant withdrawals to user wallets, API integration, and free usage without subscription or other monthly charges. Transactions on the platform begin with a 0.4% fee, with an additional 0.2% for conversion.

The company started operating around 2022. It focuses mainly on borderless payments and high security standards. The platform offers no chargebacks and possesses a transaction acceptance rate of more than 99%.

Many praise PassimPay for its reliability during international transactions. It is a perfect gateway for Brazilian merchants handling cross-border sales and multiple currency operations. Users can reach out for technical support 24/7.

CryptoCloud

CryptoCloud is a global crypto payment processor. It allows businesses to create checkout buttons and collect payments for goods and services in digital assets. The platform charges a low fee of 0.4% per transaction.

CryptoCloud supports major crypto assets and stablecoins. At the same time, it offers fast API and plugin integration for websites, digital services, and online stores. There are no setup fees for most of the platforms.

The payment solution follows on-chain models. This means the platform sends payments directly to merchants’ wallets. The main pros are convenience, simplicity of use, and fast integration. Many users mention fast onboarding and the clean design of the dashboard.

It is an excellent choice for businesses that want quick crypto integration and want to hold their crypto funds. However, it might be inconvenient for merchants with a high volume of transactions who are seeking Pix and Boletos settlements.

Specialized Infrastructure Solutions

BitHide

BitHide is a self-hosted, non-custodial crypto payment processor. It allows users to have full control of private keys, wallets, data, and all transactions.

The merchants set the software on their own servers and use BitHide as a processing engine. The platform supports Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.

Major features include unlimited wallets and workspaces, mass payouts, and automatic withdrawals. BitHide also offers an AML scorecard, network fee optimization for the TRON blockchain, accounting, APIs, widgets, and custom payment pages.

The company has been operating since 2021 and is registered in Hong Kong. It is best suited for enterprises, SaaS businesses, marketplaces, and other high-volume transaction businesses.

BitHide provides users with great security and the ability to customize the platform according to their needs. However, the platform requires high technical skills for setup and use. It is a good gateway for businesses that require a high level of data ownership and control over compliance.

MaxelPay

MaxelPay is another non-custodial crypto payment gateway. It promotes no-KYC onboarding and has low transaction fees starting from 0.4%.

The platform supports more than 12 blockchains and over 300 token types. It allows direct payments to merchant-controlled addresses. Other features include white-label customization, QR-code payments, WalletConnect support, and instant settlements.

Recently, MaxelPay upgraded to version 2, and the platform now delivers much better multi-chain performance. The gateway is suitable for businesses that keenly focus on privacy.

According to the users, MaxelPay has very low fees. However, sometimes users criticize the support team for poor responses to issues. As MaxelPay is relatively new, it is recommended to conduct additional research before using the platform.

Comparative Crypto Payment Gateway Considerations for Brazilian Merchants

• Localization and Fiat Rails: Redecoin and PagFinance provide strong BRL conversion options and support for Pix and boletos.
• Multi-Currency Support: PassimPay and CryptoCloud offer broader cryptocurrency coverage and international payment capabilities.
• Control and Privacy: BitHide delivers full infrastructure ownership, while MaxelPay focuses on flexibility and minimal onboarding requirements.
• Fees and Integration: Most providers charge between 0.4% and 1.75% and offer APIs or plugins for integration.
• Compliance: Under 2026 Central Bank rules, VASPs must meet licensing, AML, and asset segregation requirements. Local providers such as PagFinance may better align with these requirements. On the other hand, self-hosted solutions place more responsibility on merchants.

Crypto Payment Gateway-Related Risks and Final Advice

Before choosing a provider, check if the crypto payment gateway is licensed, and perform test transactions with small amounts. Users should also read recent reviews and ensure the platform complies with Brazilian tax requirements.

For businesses oriented toward Brazil, PagFinance and Redecoin are the best choices. For enterprise-scale needs, you may choose the BitHide solution. Meanwhile, PassimPay and CryptoCloud are helpful for international merchants.

Using cryptocurrency payment gateways is beneficial for stability. However, it introduces risks related to custody, smart contracts, and changing laws. That’s why you should always review official provider terms and regulatory updates before implementation.

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