OpenNode
OpenNode is a US-based Bitcoin and Lightning Network payment processor offering API, hosted checkout, and e-commerce plugins (Shopify, WooCommerce, Magento) that let merchants accept, convert, and settle bitcoin payments globally.
- Company typePrivate
- Founded2013
- HeadquartersLos Angeles, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What OpenNode does
OpenNode, Inc. is a US-based (Delaware-incorporated) Bitcoin and Lightning Network payment processing platform that enables merchants to accept, settle, and disburse bitcoin payments online, in-person, and via invoicing. Its core technology stacks an on-chain Bitcoin processor on top of the Lightning Network layer-2 protocol to deliver near-instant, low-cost transactions, with optional automatic conversion of bitcoin receipts into fiat currencies (USD, EUR, GBP, and others) to insulate merchants from crypto price volatility. The product surface includes a hosted checkout page, an embeddable payment button, a Bitcoin REST API with a sandbox environment, e-commerce plugins for Shopify, WooCommerce, and Magento, an in-person/point-of-sale module, a payouts rail, and a billing/invoicing tool — all positioned as a unified multi-layered suite for SMB and enterprise merchants.
The company operates an API-first, product-led go-to-market targeting developers and online merchants, with self-serve onboarding, marketplace listings (e.g., Shopify App Store), and content marketing via its blog and developer documentation. Monetization is via per-transaction fees reported in the 0.8%–1% range across third-party comparisons; full pricing is quote-based and gated behind KYB/KYC onboarding. OpenNode's named customers are predominantly SMB-oriented (e.g., Gift Off for digital gift cards, Substack, Travala, and Shopify/WooCommerce/Magento merchants), and the firm is listed as a private-sector collaborator in Estonia's GovTech digital government initiatives. The company has disclosed one priced funding event — a $20 million Series A in February 2022 led by Kingsway Capital with participation from Twitter/X, Tim Draper, Avon Ventures, and Fidelity Investments — and reports a headcount band of 1–10 employees with offices referenced in Miami (legal headquarters) and Los Angeles.
The business model is a take-rate payment processor similar in shape to legacy card processors (Stripe/Adyen) but specifically optimized for Bitcoin-native rails: settlement speed and chargeback elimination are positioned as the primary differentiators versus card networks, while fiat conversion hedges the merchant against BTC volatility between authorization and settlement. Distribution is hybrid — direct enterprise/developer API sales plus self-serve SMB onboarding through hosted checkout and e-commerce plugins — and the firm has invested in compliance infrastructure (KYC/AML, Customer Identification Program, GDPR, CCPA) as a precondition to merchant onboarding in regulated jurisdictions.
OpenNode firmographics
Firmographics- Name
- OpenNode
- Legal name
- OpenNode, Inc.
- Website
- https://opennode.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- OpenNode is a US-based Bitcoin and Lightning Network payment processor offering API, hosted checkout, and e-commerce plugins (Shopify, WooCommerce, Magento) that let merchants accept, convert, and settle bitcoin payments globally.
- Ownership category
- akta.pro rank
OpenNode industry classification
Industry- Product category
- Cryptocurrency Payment Processing
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Crypto Payment Gateways & Checkout APIs (FSADAIAA)
- akta.pro secondary industry
- POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)
Keywords
Where OpenNode is headquartered
LocationHeadquarters
- HQ city
- Los Angeles
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
OpenNode business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Transaction Fees: OpenNode charges transaction fees for processing Bitcoin and Lightning Network payments. Fee structure ranges from 0.8% to 1% per transaction based on the 2026 crypto payment gateway comparison articles.
- Payment Processing Services: Complete processing solution for Bitcoin-powered payments and payouts, including settlement and transfer services for businesses
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard transaction processing |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
OpenNode product offering
Product offeringCore offering
OpenNode is a Bitcoin and Lightning Network payment processing platform that enables businesses to accept, process, and disburse Bitcoin payments globally. The platform offers a Bitcoin payment API, hosted checkout pages, payment buttons, automatic fiat currency conversion, settlement and payout services, and pre-built plugins for Shopify, WooCommerce, and Magento, allowing merchants to integrate cryptocurrency payments with minimal technical effort.
Product overview
OpenNode is a multi-layered Bitcoin and Lightning Network payment processing platform that offers a unified suite of payment products. The core offering includes Hosted Checkout, Payment Button, Bitcoin API, and Lightning Network integration for instant settlements. Supporting modules include Currency Conversion (automatic fiat conversion), Settlement & Transfer (with split settlement capabilities), Billing/Invoicing, In-Person Payments, Payouts, and Security & Protection. The platform is designed for businesses seeking to accept, process, and disburse Bitcoin payments globally.
Differentiator
Problem solved
Functional benefit
Products and services
- Hosted Checkout A hosted payment page that enables merchants to accept Bitcoin and Lightning Network payments without direct technical integration; customers are redirected to OpenNode's checkout to complete transactions. Aimed at merchants that want simple, no-code Bitcoin acceptance.
- Bitcoin Payment Button An embeddable button component that lets merchants quickly accept Bitcoin payments on websites and generate simple payment links for customer checkout. Targeted at small and medium online merchants.
- Bitcoin API
Quantifiable outcome
- Gift Off generated $10,000 profit in first month of operation using OpenNode
Companies that use OpenNode
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
OpenNode technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature7 records
OpenNode partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered primary and notable.
- ShopifyprimaryOpenNode provides a Shopify app/plugin for merchants to accept Bitcoin and Lightning Network payments directly through their Shopify store. This is a core integration partnership.
- WooCommerceprimaryOpenNode offers a WooCommerce plugin enabling WordPress-based stores to accept Bitcoin payments through the platform.
- MagentoprimaryOpenNode provides a Magento 2 extension for enterprise merchants to accept Bitcoin and Lightning payments. The extension is available on GitHub.
- Estonia Government (GovTech)notableOpenNode is listed as a private sector collaborator in Estonia's digital government transformation as part of the global GovTech market analysis. Estonia makes 100% of public services available online.
- Gift OffnotableGift Off uses OpenNode API for Bitcoin payment acceptance including Lightning Network support, automatic fiat conversion, and checkout integration for their digital gift card platform.
Scale indicators1 record
Expansion highlights5 records
OpenNode competitors and assessment
Company assessmentDirect peers
- Coinbase Commerce: Coinbase's merchant crypto payment gateway offering hosted checkout and API integration for online and in-person Bitcoin and crypto acceptance — the most direct large-scale competitor to OpenNode in merchant Bitcoin payments.
- BitPay: Long-standing Bitcoin and crypto payment processor offering merchant checkout, invoicing, and payouts with fiat conversion — overlaps directly with OpenNode's hosted checkout, invoicing, and payout product suite.
- BTCPay Server: Open-source self-hosted Bitcoin (and Lightning) payment processor for merchants — competes with OpenNode in the same SMB and developer-led segment, often as a free alternative to hosted gateways.
- Strike: Lightning Network-based Bitcoin payments app and merchant API — directly comparable to OpenNode on Lightning-first instant settlement, with an additional consumer payments and remittance angle.
- NOWPayments: Multi-cryptocurrency payment gateway with hosted checkout, API, plugins, invoicing, and fiat conversion — a direct rival to OpenNode for merchants wanting broader coin support and similar integration depth.
- CoinGate: Crypto payment processor offering merchant checkout, POS, plugins, and payouts across many cryptocurrencies — a direct SMB-focused competitor with overlapping eCommerce integration coverage.
- Alchemy Pay: Hybrid crypto-fiat payment gateway enabling merchants to accept both on-chain and on-ramp/off-ramp transactions — comparable to OpenNode in the merchant crypto checkout category, with stronger fiat-on-ramp emphasis.
Broad incumbents
- Circle: Issuer of USDC and provider of on-chain payment and treasury APIs — a larger incumbent in the crypto payments and settlement space whose USDC rails compete with Bitcoin-only gateways like OpenNode for merchant settlement volume.
Emerging players
- Flexa: Digital payments network enabling merchants to accept crypto via apps and gift card-style integrations — overlaps with OpenNode's in-person/POS and hosted-checkout capabilities through a different consumer-payments model.
Others
- MoonPay: Crypto on-ramp and payment infrastructure provider for merchants and Web3 apps — adjacent to OpenNode through fiat-to-crypto checkout APIs and merchant payment flows, though primarily focused on fiat-to-crypto conversion rather than merchant Bitcoin acceptance.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
OpenNode social profiles
Digital presenceOpenNode compliance and trust
Trust signalCompliance2 records
OpenNode financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenNode leadership team
Management profileNumber of profiles
Profiles1 record
OpenNode funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenNode M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenNode
What does OpenNode do?
OpenNode is a Bitcoin and Lightning Network payment processing platform that enables businesses to accept, process, and disburse Bitcoin payments globally. The platform offers a Bitcoin payment API, hosted checkout pages, payment buttons, automatic fiat currency conversion, settlement and payout services, and pre-built plugins for Shopify, WooCommerce, and Magento, allowing merchants to integrate cryptocurrency payments with minimal technical effort.
Is OpenNode a public or private company?
OpenNode is a private company. It is classified as venture growth investor backed and is currently operating.
When was OpenNode founded?
OpenNode was founded in 2013. It employs 1 to 10 people.
Where is OpenNode based?
OpenNode is headquartered in Los Angeles, United States, in the North America region.
How does OpenNode make money?
Two revenue lines are on record. Transaction Fees are the primary driver. The others are payment Processing Services.
Who are OpenNode's main competitors?
Direct peers on record are Coinbase Commerce, BitPay, BTCPay Server, Strike, NOWPayments, CoinGate and Alchemy Pay. Circle is listed as a broad incumbent. Flexa is listed as an emerging player. MoonPay is listed as an others.
Does OpenNode have an API?
Yes. OpenNode provides a Bitcoin and Lightning Network payment processing API that enables developers to integrate instant, low-cost global payments into any business or application. The API supports payment charging, withdrawal with IP whitelisting, and webhook notifications. A sandbox/developer environment is available for testing. Developer documentation is at developers.opennode.com/docs.
What industry is OpenNode in?
OpenNode's product category is Cryptocurrency Payment Processing. Its primary akta.pro industry code is FSADAIAA, Crypto Payment Gateways & Checkout APIs, with a secondary code of FSADAIAI, POS, QR & In-Person Acceptance Infrastructure (Crypto). Its SIC code is 6211.