PassimPay

PassimPay is a cryptocurrency payment gateway designed for businesses that need to accept digital currency payments at scale. Operated by NILESPAY FINANCE INC. and incorporated in Vancouver, Canada, the platform processes payments across 74+ cryptocurrencies on 18+ blockchains — including Solana (SOL), Bitcoin, Ethereum, USDT, USDC, Polygon, Cardano, Toncoin, and more recently ApeCoin on ApeChain. It reports $4 billion in cumulative processed volume, 750,000 transactions per month, and 530+ active merchants operating across 122 countries.

How It Works

Merchants register, complete KYB (Know Your Business) verification, and integrate via one of several methods: a REST API, any of 12 CMS plugins (including WooCommerce and Shopify integrations), hosted payment invoices, QR codes, or static wallet addresses for recurring deposit flows. Once integrated, customers send cryptocurrency directly; PassimPay detects the incoming transaction within 5-15 seconds and processes it automatically.

The platform's core conversion layer allows merchants to automatically convert received crypto into stablecoins (USDT or USDC) at a 0.2% fee, or hold assets in their original form. For businesses operating in Europe, PassimPay supports EUR settlement via SEPA transfers, letting merchants off-ramp from crypto to fiat without a separate exchange account. Transaction batching reduces on-chain costs where applicable, and the platform reports a 99%+ payment approval rate with 99.99% uptime.

Key Products and Features

Crypto acceptance. The standard merchant integration covers the full 74+ currency list. Merchants configure which assets they accept and whether automatic conversion activates on receipt. The processing fee starts at 0.5% per transaction.

Multisender. A mass-payout tool that allows businesses to send bulk cryptocurrency disbursements — applicable for payroll, affiliate commissions, or customer cashback — in a single batch operation via API or dashboard.

Invoicing and QR codes. Merchants can generate hosted payment pages, shareable invoices, and scannable QR codes without embedding a full checkout integration, useful for lower-volume or in-person use cases.

Static addresses. For subscription or deposit-focused products, PassimPay supports fixed wallet addresses per customer, with automatic reconciliation against expected amounts.

Stablecoin swap. Beyond conversion on receipt, merchants can exchange between USDT, USDC, and 70+ other coins within the platform — reducing exposure to volatility between settlement cycles.

Industry-specific gateways. PassimPay offers pre-configured gateway configurations for verticals including gaming, iGaming, e-commerce, fintech, SaaS, real estate, insurance, healthcare, and banking. The platform reports presence in 15+ industries.

Compliance and Security

PassimPay is registered as a Money Services Business with FINTRAC, Canada's financial intelligence agency (registration C100000852). The platform integrates AML transaction screening through Chainalysis and AMLBot at no additional cost to merchants, and uses Sumsub for KYB identity verification on business accounts.

Annual cybersecurity audits are conducted by Hacken and 10Guards. Cryptocurrency's inherent irreversibility eliminates chargeback exposure entirely — a structural advantage PassimPay emphasizes in its marketing to merchants in high-fraud industries.

Infrastructure runs on AWS and OVHCloud with Cloudflare at the edge. Client funds are held in full and available on demand, with no holdback periods on withdrawals.

Solana and Multi-Chain Positioning

Solana (SOL) is among the supported payment currencies. PassimPay has shown active engagement with the Solana ecosystem: in September 2026 the company announced a partnership with Bored Ape Yacht Club and added ApeCoin (APE) on ApeChain to its supported assets, paired with a zero-processing-fee promotional campaign for incoming merchants. The announcement was cited in the Solana Mobile weekly ecosystem roundup for the period of September 1-10, 2026.

The platform's multi-chain architecture means Solana support sits alongside dozens of other networks rather than representing a deep, Solana-native integration. Merchants specifically needing Solana payment acceptance will find SOL available within the broader currency list.

Scale and Recognition

As of mid-2026, PassimPay was included in the Cointelegraph Research Report 2026 as a notable crypto payment processor. In independently compiled comparisons for businesses processing over 100,000 crypto transactions per month, PassimPay ranks first on the criteria of transaction volume and uptime, citing 750,000 monthly transactions and 99.99% reported availability.

The platform carries a five-star rating on Trustpilot across 38 reviews. Fee structure is straightforward: a starting transaction fee of 0.5%, a 0.2% auto-conversion fee where enabled, and no registration or maintenance charges.