What fees does Coinbase charge for merchant processing?
Quick Summary: There is no fee to accept bitcoin payments. When converting bitcoin to your local currency, the first $1,000,000 is also free. Over that amount there is just a 1% fee or less based on volume.
Coinbase provides merchant tools
which make it easy for your business or website to accept bitcoin payments.
- If you accept bitcoin and choose to keep those funds in bitcoin there is no charge or transaction fee to accept payments.
- If you choose to exchange bitcoin you receive into your local currency, then this is where transaction fees come into effect. We charge 1% to convert bitcoin into your local currency (or less based on volume). This fee is waived on your first $1,000,000 USD in merchant processing.
- If you're doing more than $1,000,000 per month, send us an email at merchants at coinbase dot com.
Note that your bank or payout method may have additional fees that do not go to Coinbase. For example, some banks may have a $0.15 per ACH bank payout fee in the U.S.