Frequently Asked Questions
Coinhop does not charge any monthly fees. Our pricing is simple and transparent: just 1% + $0.30 per transaction.
Invoices are automatically emailed to clients 5 days before their payment is due, then automatically processed on the due date. That's right - no more manual invoice creation. You can finally sit back and relax as your clients' payments roll in all by themselves. Ahh now that's the life :)
Payments made by clients who pay you with a credit card will appear in your bank account within 2-3 business days. Payments made by clients who pay you with a bank account will appear in your bank account within 5-8 business days.
Nope. The sky's the limit :D
Coinhop is designed for recurring payments while Venmo is designed for one-time payments. This means, that with Coinhop, clients never have to reopen the app after initial setup — payments simply process automatically on a monthly, weekly, or biweekly schedule.
By contrast, Venmo does not offer recurring billing, which means clients must remember to send a payment each month. Unfortunately, clients are busy and may forget, which leads you back to reminding them about payments. This wastes time, leads to uncomfortable conversations, and delays cash in-hand.
By contrast, Venmo does not offer recurring billing, which means clients must remember to send a payment each month. Unfortunately, clients are busy and may forget, which leads you back to reminding them about payments. This wastes time, leads to uncomfortable conversations, and delays cash in-hand.