Crypto Onramps 2026: MoonPay vs Transak vs Banxa vs Mercuryo
A crypto onramp is a service that lets you buy crypto with a card or bank transfer. For B2B digital-goods resellers the onramp is the critical bridge: you buy USDT for fiat, then fund FoxReload and source at wholesale. By 2026 the market has consolidated around four players. Here is the comparison.
Head-to-head table
| Metric | MoonPay | Transak | Banxa | Mercuryo |
|---|---|---|---|---|
| MDR (cards) | 4.5% + spread | 3.5% + spread | 3.4% | 4% |
| Spread over spot | 0.5–0.9% | 0.3–0.7% | 0.5–1% | 0.4–0.8% |
| Minimum | $20 | $10 | AU$25 | €30 |
| Maximum (daily) | $50K | $25K | AU$50K | €30K |
| Jurisdiction | UK, US, EU, AU | EU, AU, IN, ZA | AU (AUSTRAC), CA, EU | EE, LT (EU MiCA) |
| Country coverage | 200+ | 170+ | 130+ | 170+ |
| Apple Pay / Google Pay | Yes, both | Yes, both | Apple Pay | Apple Pay |
| UPI (India) | No | Yes | No | No |
| SEPA bank transfer | Yes | Yes | No | Yes |
| Direct USDT payout | Yes | Yes | Yes | Yes |
| KYC for base amounts | $0 → KYC quickly | $0 → email | $0 → email | €30 no KYC, then yes |
| API/SDK integration | Industry leader | Strong | Mid | Strong (wallet-focused) |
| Supported cryptocurrencies | 100+ | 170+ | 90+ | 50+ |
Strengths of each
MoonPay is the industry standard for consumer onramp. Integrated with OpenSea, MetaMask, Trust Wallet, Phantom. Best UX, highest approval rate on western Visa/Mastercard. Pricier but flow conversion is 78–82% (Transak ~67%, Banxa ~71%, Mercuryo ~73%).
Transak is the pick for India and B2B integrations. Supports UPI (critical for Indian buyers) and ships a strong SDK for embedding into dApps/wallets. ~1% cheaper than MoonPay. Many crypto projects choose Transak specifically for UPI.
Banxa focuses on APAC and is regulated by AUSTRAC (AU), FINTRAC (CA), VARA (UAE). If your business sits in AU/NZ — Banxa is the only realistic player with regulatory cleanliness. KYC is lighter for base amounts.
Mercuryo offers best terms for CIS residents and EU users. EE-licensed, MiCA-compliant in EU. Builds via direct partnerships with Bybit, OKX, Trust Wallet. Native USDT TRC-20 — no need to convert BTC → USDT.
KYC and regulation
In 2026 all four operate under EU MiCA or equivalent regimes. KYC is mandatory above €/$1K in most countries. Tiering differs:
- MoonPay Tier 1 ($1K/mo): email + DOB. Tier 2 ($10K): ID + selfie. Tier 3 ($250K): proof of income.
- Transak Lite ($1K): email. Standard ($25K): KYC. Pro ($100K+): extra docs.
- Banxa Verified (AU$5K): ID. Enhanced (AU$50K): proof of address.
- Mercuryo up to €30 no KYC, €30–10K — lite KYC, above — full.
B2B reseller scenarios
Scenario 1: buy $500 USDT in Georgia/Armenia. Mercuryo with a Maib/Bank of Georgia international card — 4% fee, USDT lands in 8 minutes. MoonPay also works, ~0.5% pricier.
Scenario 2: buy $2000 USDT in India. Transak with UPI — 3.5% MDR, direct payout to a TRC-20 FoxReload address. No competition — others don't accept UPI.
Scenario 3: integrate onramp into your store. MoonPay SDK or Transak Widget — both deploy in 2 hours, MoonPay is slightly costlier for the user but more stable approval.
Verdict
Universal B2B pick — Mercuryo (EU/CIS) or Transak (India). For consumer-grade integrations — MoonPay (premium UX). For APAC — Banxa.
After buying USDT — fund FoxReload and source 900+ digital SKUs at 12–35% margin. Supports TRC-20, ERC-20, BEP-20, Solana, Polygon.