In this article we will look at the Best Crypto and Fiat Payment Gateways in Armenia that will assist companies in finding trustworthy solutions for the acceptance of both AMD and international digital payments.
With the growth of digital payments in Armenia, the selection of the appropriate payment gateway becomes vital for seamless movement of funds, worldwide presence and safe settlement. Here, we will look into the most relevant of these options.
Key Points & Best Crypto and Fiat Payment Gateways In Armenia
| Gateway | Key Point |
|---|---|
| TransFi | Supports AMD and crypto payments globally with compliance and transparency |
| Wise | Low-cost international transfers and multi-currency support for Armenian users |
| PayPal | Global acceptance and integration with Armenian banks for fiat transactions |
| Stripe | Developer-friendly API and crypto integration via third-party plugins |
| CoinGate | Crypto payment gateway supporting BTC, ETH, USDT, and merchant tools |
| Payoneer | Cross-border fiat payments widely used by freelancers and businesses in Armenia |
| Binance Pay | Crypto-native gateway with zero fees for peer-to-peer payments |
| Revolut | Multi-currency wallet with crypto trading and fiat transfers |
| CoinPayments | Supports 2000+ cryptocurrencies and merchant integration tools |
| Idram | Local Armenian payment app bridging fiat and digital wallets |
10 Best Crypto and Fiat Payment Gateways In Armenia
1. TransFi
TransFi is a payment gateway service and provides transparency and compliance while bridging fiat and crypto at the same time.
In Armenia, it is possible for individuals and businesses to receive payments in the main Armenian currency (AMD) and also in crypto, like Bitcoin, Ethereum, and stablecoins. It is mostly for easy cross-border payments
which helps Armenian merchants to expand further. TransFi focuses on being compliant with the regulations which makes it a lot easier for customers to use while dealing with compliance.
It is becoming a preferred service together with other crypto services for individuals, small companies, and larger enterprises to use digital payments.
TransFi – Features
Dual Crypto and Fiat Support – While checkout is amalgamated, merchants can receive fiat in AMD and other digital currencies, such as USDT, USDC, and BTC.
Immediate Settlements – Crypto payments are settled instantly, and payouts are remitted quickly to Armenian bank accounts.
Simple Incorporation – Easy to use APIs and plugins for varied ecommerce, SaaS, or other bespoke designs are available.
Absolute Compliance – Integrated KYC/AML offers safety to Armenian companies in the supervision of worldwide payments.
2. Wise
Wise, formerly TransferWise, is a digital payment service that is widely used in Armenia for fiat payments.
It is a cross-border payment solution with low costs and a friendly user interface. It is also used by Armenian freelancers and businesses that use multi-currency services inUSD
EURO, GBP, and AMD. Wise does not manage crypto directly, but it is used with other crypto exchanges.
Its multifunctional app, which offers quick transactions, is reliable, inexpensive, and accessible everywhere in the world, resulting in it becoming popular among the Armenians and their overseas partners.
Wise – Features
Possessing Many Different currencies – Users can manage and maintain their foreign currency balances in various accounts with ease.
Few Support for Armenia – Support and usability of the payment gateway can be severely limited when an Armenian account is left “cardless.”
Foreign Currency Reception – The account is primarily available for receiving or storage of currencies other than AMD.
Not Great for Payments to Merchants Located – The gap of a physical card and AMD offers limitations for payments to merchants.
3. PayPal
PayPal is undoubtedly the most prominent and most used payment service worldwide. The availability of PayPal for Armenians opened the doors to international online commerce and freelancing.
For Armenians, it supports transactions in several currencies, and it is possible to connect to one of the local banks for withdrawals.
Although the service does not support cryptocurrency, users can, however, use it to withdraw from or deposit to crypto accounts that are linked to PayPal.
The service is globally accepted, supports shoppers with buyer protection, and offers a variety of tools for merchants, and therefore, it is highly recommended for Armenians to use PayPal if they want to sell goods/service online.
Nevertheless, paying about 3% of the fee for a transaction is worth it to use PayPal as it is undoubtedly a great service for online monetary transactions.
PayPal – Features
Direct Payment Capability – While users in Armenia can send payments, there is no capability to receive payments.
No Local Withdrawals – Unable to transfer PayPal account balances to Armenia.
Business Limitations – Unsuitable for merchants from Armenia who require receivables.
Workaround via Payoneer – Receiving is only possible through indirect methods using Payoneer.
4. Stripe
Stripe is one of the few payment gateways that offers the opportunity to integrate into crypto transactions.
This is especially valuable in the tech industry, as the payment gateways for start-up companies in the region are limited.
Although Stripe offers its services to users in Armenia, in most cases it has to be supported for partners in other countries.
Preparing to go international means working with flexible providers with strong developer ecosystems, and this is why for the automation of modern
e-commerce services businesses use Stripe and its services that integrate e-commerce automation with crypto.
Stripe – Features
Not Supported in Armenia – No presence and hence no access for online banking for Armenian businesses.
Workarounds via Foreign Entities – Only possible through having a company registered in the US/UK along with Stripe Express or Atlas.
Strong Global Gateway – Carries excellent service offerings but is geo-blocked for Armenia.
High Setup Barriers – Must have a legal entity outside the country, obtain foreign bank accounts, and continue with a bunch of compliance procedures.
5. CoinGate
CoinGate is strong crypto payment gateway integration, allowing Armenian merchants to accept Bitcoin, Ethereum, and Litecoin as well as stable coins, and enables instant conversion to any static local fiat currency.
This protects local businesses, especially e-commerce, from the challenging volatility of also having crypto.
This is why CoinGate is especially strong in e-commerce, as local merchants have many integration tools, including API and plugins for popular e-commerce services like Shopify and WooCommerce.
With the increase in crypto use, CoinGate helps businesses in and around Armenia increase their payment options to include crypto, allowing them to increase their customer base.
Coingate – Features
Multi-Crypto Support – Users can choose among dozens of crypto coins to accept, including options for fiat conversions.
Global Customer Reach – Especially suited for Armenian businesses servicing international customers who pay with crypto.
Fiat Settlement Options – Users can convert the received crypto to stable coins.
Regulatory Considerations – Needs to be concern for compliance with crypto transfer, it can be cumbersome including crypto conversion and handling fees.
6. Payoneer
Payoneer is perhaps the most popular payment provider in Armenia, especially for freelancers and small businesses with international clients.
It is supported in many countries and has a prepaid card with a bank for easy withdrawals. Payoneer specializes in cross-border payment solutions, allowing Armenians to receive funds from many platforms such as Upwork, Fiverr, and Amazon.
Although it does not support crypto directly, Payoneer is often used in conjunction with digital asset exchanges to allow a user to convert funds between fiat and crypto.
It’s ease of use and compliance make it a reliable and trusted platform for international payment solutions, especially in the expanding exports and freelancing services for Armenians.
Payoneer – Features
Widely Used in Armenia – This service is very popular for cross-border payments with freelancers and businesses.
Multi-Currency Accounts – You can receive funds in USD, EUR, or GBP and withdraw the funds to Armenian banks.
Secure PayPal Alternative – Works as a facilitator for PayPal-restricted platforms.
Stable, Compliant Platform – Global reputation and regulated in finances.
7. Binance Pay
With no fees, Armenians can use Binance Pay to transact in any digital currency. Every asset blockchain can use Ethereum, Bitcoin, and an assortment of stablecoins in addition to other tokens and Binance’s Pay solution.
For payment in crypto, Armenian merchants can use Binance Pay and instantly convert to fiat currency.
This solution is popular for direct transactions in digital currency and offers a peer-to-peer payment system. Binance Pay is a crypto solution for fast, cost-effective, and borderless payments.
Binance Pay – Features
Native to Crypto Payments – Provides full crypto payments within the Binance environment.
Highly Valuable for Users Globally – Users seeking to spend digital currencies.
Limited to No Local Integration – No significant direct payout integration with Armenian banks or AMD.
Risk of Crypto Market Fluctuation – Changes of crypto must be executed quickly.
8. Revolut
Revolut is a multi-currency banking and financial crypto app. For crypto currency trading, Revolut users in Armenia can buy and sell Bitcoin, Ethereum along with other crypto assets.
The unique integration of digital asset management along with banking services is the main strength of Revolut.
Freelancers are able to use crypto and digital banking services as a payment solution for international crypto transactions.
Although not a payment gateway, Revolut is a versatile option for Armenians that want the ease of bridging fiat and crypto and want flexibility with both traditional and digital finances.
Revolut – Features
Not Available in Armenia – Users with an Armenian residency cannot create a Revolut account.
No Local Cards or Banking – No support for AMD transactions or Armenian merchant banking.
Internationally Strong Service – Excellent option for fintech services, but not available at all in Armenia.
Not for Gateway Solution – Due to other partnership goals for other countries, it is not useful for Armenian companies.
9. CoinPayments
CoinPayments is the largest crypto payment gateway, allowing merchants to instantly convert over 2000 cryptocurrencies to dollars.
In Armenia, merchants are able to accept a range of digital assets and coins. Its wallet services allow users to store and manage their crypto assets.
With a high focus on tailored multi-crypto payment solutions, CoinPayments is geared for international audience, making it a perfect fit for Armenia’s merchants to broaden their target market.
Offering an extensive payment products and serving the needs of the customers, CoinPayments helps Armenian business to not only be a digital economy, but also compete at a global level.
CoinPayments – Features
Massive Crypto Selection – Allows payments in over 2,000 different cryptocurrencies.
Merchant Wallet System – Provides crypto management Tools with integrated wallets.
Fiat Conversion Available – You can change crypto to a stable asset or fiat, depending on the fees.
Easy Integration – Offers plugins as well as online store and SaaS business-compatible API.
10. Idram
Idram is the most widely accepted local payment gateway in Armenia and is used mainly for fiat and digital wallet services. It is used for shopping, online purchases, bill payment, and money transfers in AMD.
It is the most popular service for Armenians, being easy to use, trusted, and accepted almost everywhere in the country. It also integrates with crypto services, making it a bridge between traditional and digital finance.
Idram gives freelancers and traders a simple method to handle domestic and global payments. Idram incorporates a blend of digital creativity and fiat dependability, helping to enhance Armenian payments systems.
Idram – Features
Leading Payment App in Armenia – The most popular app for AMD e-wallet transactions.
Crypto QR Payments – With Bybit Pay, crypto payments can be made in more than 25,000 locations.
Full Local Ecosystem Integration – Compatible with many online merchants and thousands of POS terminals.
Strong Domestic Presence – Substantial presence in AR commerce with QR, NFC, and wallet payments.
Conclsuion
In conclsuion Selecting the ideal crypto and fiat payment gateways in Armenia is based primarily on the business’s needs, be it local AMD, worldwide crypto, and/or cross-border payment capabilities. TransFi, Idram,
Payoneer and CoinGate are capable providers for a variety of use cases. With the appropriate gateway, Armenian firms can optimize payments and grow globally with assurance.
FAQ
Which payment gateway is best for both crypto and AMD in Armenia?
TransFi is one of the best options for hybrid crypto and AMD payments.
Can Armenian businesses accept crypto legally?
Yes, businesses can accept crypto, but must follow AML and compliance guidelines.
Is PayPal fully supported in Armenia?
No, PayPal doesn’t allow receiving or withdrawing funds in Armenia.
Does Stripe work in Armenia?
Stripe isn’t officially supported, unless you use a foreign entity like a US LLC.
What is the best local payment gateway in Armenia?
Idram is the most widely used local payment solution.
