Banxa alternative for off-ramps in local currency
Banxa pays sellers by bank only in AUD, CAD, EUR, GBP and USD. Unigox is a Banxa alternative for cash-outs in other currencies and to mobile money. Card buyers and US users should stay with Banxa.
When Unigox fits better than Banxa
Your users cash out beyond Banxa's payout list
On Unigox, a sale is paid to the user's bank or mobile money account by a P2P merchant or a payment business. Banxa's payment method table lists payouts by bank in AUD, CAD, EUR, GBP and USD, by card in EUR, and no mobile money.
You want your own screens without running KYC
Through the Payments API you build the screens and Unigox runs the identity check: a customer sends an ID and a selfie through your app, reuses an eligible Sumsub or Persona check, or opens a Unigox link. Banxa's Native API, its way to keep the flow in your app, is designed mainly for partners who run their own KYC; for the others, Banxa can verify users through its KYC Submission model.
See the Payments APIYou want a markup you set yourself
In the widget you set a markup on each sale, paid in crypto to your partner wallet when the trade completes. Banxa publishes no partner fee terms: its site says partner pricing is customised to your integration and volume.
See the Crypto widget
When to stay with Banxa
Your users pay by card, PayPal or Klarna
Banxa takes Visa, Mastercard, Apple Pay and Google Pay in a long list of currencies, and PayPal, iDEAL and Klarna in parts of Europe. On Unigox, users pay by bank transfer or mobile money.
Your users are in the United States
Unigox does not currently offer its services in the United States, while Banxa's US company is registered with FinCEN and holds money transmitter licences in the states it lists.
You need MiCA authorisation in the EU
Banxa's Dutch company is authorised by the AFM as a crypto-asset service provider under MiCA.
Your customers are companies placing large orders
Banxa's Business Ramp onboards corporate customers with company KYC and takes USDT and USDC orders of up to $500,000, in the EU and Australia.
Banxa vs Unigox for wallets and apps
| Topic | Banxa | Unigox |
|---|---|---|
| What it is | An on-ramp and off-ramp for wallets, exchanges and apps: a Hosted Checkout, a headless Native API, and a Business Ramp for corporate customers. | The Crypto widget, where your users buy and sell on your site, and the Payments API for payouts and collections run from your backend. |
| Integration | Hosted Checkout by referral link, API or SDK, shown in an iframe or by redirect. The Native API needs a signed agreement. Banxa enables production after your sandbox tests. | Widget: one embed code with your widget key and no backend. Payments API: REST calls with an API key issued after KYB, a sandbox with the production endpoints, and signing examples in Python, JavaScript and C#. |
| How users pay | Cards, Apple Pay and Google Pay; bank transfer in AUD, CAD, CLP, EUR, GBP, MXN and ZAR, and VietQR bank payments in Vietnam; PayPal, iDEAL and Klarna in parts of Europe. | Bank transfer or mobile money, to the P2P merchant or payment business that takes the order. |
| How users get paid | Bank transfer in AUD, CAD, EUR, GBP and USD, and card payouts in EUR in selected European countries. | To the user's own bank or mobile money account. |
| Who fills the order | Banxa itself: on a sale, it receives the crypto at its deposit address, then releases the payout. | A P2P merchant or a payment business connected to Unigox makes or takes the local payment. During a trade the crypto sits in an on-chain escrow that Unigox can release only to the buyer or the seller. |
| What a quote shows | Checkout quotes are indicative and show a processing fee and a network fee, with Banxa's spread inside the rate. The Native API can lock a quote for 3 minutes. | A Payments API quote shows the rate, the Unigox fee, your fee and the total. A widget user sees one rate with the Unigox fee inside it. |
| Your revenue | Not published: partner pricing is set per integration and volume, and the partner dashboard reports the commission you earn. | Widget: 20% of the Unigox fee on every completed trade, plus a markup you set on sales, paid in crypto when the sale completes. Payments API: a percentage fee you set, paid when each order completes. |
| Identity checks | Users verify in the Banxa checkout. Platforms on Sumsub can share their checks once Banxa enables it, and Banxa may still ask for more. | Widget users verify with Unigox before their first trade. API customers pass a Unigox check: details with an ID and a selfie, a reused Sumsub or Persona check, or a Unigox link. |
| Crypto | More than 200 tokens on more than 100 networks; you pick the ones to offer in the partner dashboard. | USDT and USDC. |
| Regulation | Registered with AUSTRAC in Australia and FINTRAC in Canada, authorised under MiCA by the AFM in the Netherlands, registered with the FCA in the UK, and in the US registered with FinCEN with state money transmitter licences. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxAdd Unigox beside Banxa in four steps
Show where Banxa covers your users
Tell us which currencies your users cash out in, which of them Banxa covers today, and your monthly volume.
Pass company KYB
The Payments API needs KYB: registration documents, ownership, source of funds and intended use. For the widget, Unigox sets up your partner account and widget key after the call, and you set your markup in the partner dashboard.
Fund payouts in USDT or USDC
For Payments API payouts, top up your partner wallet in USDT or USDC. Collections are paid into the same wallet.
Route the cash-outs Banxa does not pay
Keep Banxa for card purchases and its payout currencies. Send mobile money cash-outs, and bank cash-outs in other currencies, to the widget, or call the Payments API once your sandbox tests pass.
Questions about Banxa alternatives
Can I use Unigox as a Banxa alternative for some currencies only?
Yes. The two integrations are separate, so you can keep Banxa for card purchases and its payout currencies, and send users who cash out to mobile money, or to a bank in another currency, to Unigox. In the widget, users sell from their Unigox Wallet: they move their USDT or USDC there first and verify with Unigox before their first trade, even if Banxa verified them. With the Payments API, your server funds each payout from your partner wallet.
Who are Banxa's competitors?
MoonPay, Transak, Ramp Network and Mercuryo sell the same kind of card and bank ramp to wallets and apps. Unigox works differently: a user's sale is paid to a bank or mobile money account by a P2P merchant or a payment business.
Read the Transak comparisonDoes Banxa pay out to mobile money?
Not on its published payment method table, which lists bank payouts in AUD, CAD, EUR, GBP and USD and card payouts in EUR. Banxa tells partners to read the methods open to them from its API. On Unigox, a sale is paid to a bank or mobile money account.
How do Banxa's fees compare with Unigox?
Banxa does not publish partner pricing. Its checkout quote shows a processing fee and a network fee, and its spread sits inside the rate. A Unigox Payments API quote lists the rate, the Unigox fee, your own fee and the total before the order.
Where is the crypto while a Unigox sale runs?
During a trade the crypto sits in an on-chain escrow that Unigox can release only to the buyer or the seller. On a Banxa sale, the crypto goes to a Banxa deposit address before Banxa releases the payout.
Add local payouts next to Banxa
Keep Banxa for card purchases and the currencies it pays out, and send other bank and mobile money cash-outs to the Crypto widget or the Payments API.
Banxa and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.