Processor review
OpenNode review
Hosted Bitcoin + Lightning payment processor with fiat settlement in supported regions.
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Hosted Bitcoin payments with an API and a dashboard.
Hosting
hosted
Custody
custodial
Fiat settlement
Yes
Fees
Lightning between OpenNode accounts: free. On-chain withdrawals: 1%.
Who OpenNode is for
- Merchants
- Developers
Who it's not for
- Self-custody seekers
Ecommerce plugins
OpenNode ships plugins or first-class integrations for: Shopify, WooCommerce, Magento, Drupal Commerce.
Pros and cons
Pros
- Fast onboarding — sign up, get API keys, integrate in an afternoon
- Fiat settlement removes Bitcoin volatility for the merchant
- Lightning-to-Lightning settlement between OpenNode accounts is free; only on-chain withdrawals carry the 1% fee
- Solid developer experience and dashboard
Cons
- Custodial — OpenNode holds funds until withdrawal
- KYC required
- 1% on-chain withdrawal fee adds up at scale
- Country availability and pricing vary by region; verify before integrating
Setup overview
TODO: hands-on test with a real signup, real test transaction, and a documented deployment for the relevant case (self-hosted Docker for BTCPay, dashboard signup for hosted processors). Until then, treat the comparison data as the source of truth and consult the provider's docs for the latest setup steps.
Verdict
Hosted Bitcoin + Lightning payment processor with fiat settlement in supported regions. Use OpenNode when you need a hosted processor and the trade-offs above align with your operation.
FAQ
Is OpenNode self-hosted or hosted? +
OpenNode is hosted. The provider runs the Lightning infrastructure for you. Expect a transaction fee and, in most cases, KYC.
Does OpenNode settle to fiat? +
Yes, OpenNode can settle payments to a fiat currency. This removes Bitcoin price volatility from your day-to-day accounting.
What does OpenNode charge? +
Lightning between OpenNode accounts: free. On-chain withdrawals: 1%. Always verify current fees on the provider's pricing page before integrating.