B

BitPay

Crypto

Leading cryptocurrency payment processor enabling businesses to accept Bitcoin and other digital currencies with seamless fiat settlement.

Founded: 2011 HQ: Atlanta, Georgia, USA

BitPay is a pioneer in cryptocurrency payment processing, founded in 2011 to bridge the gap between traditional commerce and digital currencies. The company provides businesses with tools to accept Bitcoin, Bitcoin Cash, Ethereum, and other cryptocurrencies while offering automatic conversion to fiat currency to eliminate volatility risk. BitPay serves over 100,000 merchants worldwide, including major brands like Microsoft, AT&T, and Newegg. The platform offers both online and in-store payment solutions, featuring a comprehensive API for developers, mobile apps for merchants, and prepaid Mastercard services. BitPay focuses on making cryptocurrency payments as simple as traditional payments while providing enterprise-grade security and compliance. The company has processed over $5 billion in cryptocurrency payments and continues to lead innovation in the digital currency payment space.

Pricing

  • Model: Flat Rate
  • Starts at: 1.0%
  • Pricing: 1% per transaction for cryptocurrency payments with automatic settlement to bank accounts or BitPay prepaid cards.
  • Volume Discounts: Yes
  • Custom Pricing: Yes
  • Additional Fees: No setup fees, no monthly fees, no chargeback fees (cryptocurrency transactions are irreversible), network fees may apply for certain cryptocurrencies

Key Features

  • • REST API
  • • Webhooks
  • • SDKs
  • • Sandbox
  • • Real-time

Pros

  • No chargebacks due to irreversible cryptocurrency transactions
  • Global reach with no geographic restrictions
  • Automatic conversion to fiat currency eliminates volatility risk
  • Lower processing fees compared to traditional credit cards
  • Comprehensive API and developer tools
  • Support for multiple cryptocurrencies
  • Enterprise-grade security and compliance
  • Real-time settlement options
  • No monthly or setup fees
  • Strong brand recognition in crypto space

Cons

  • Limited to cryptocurrency payments primarily
  • Requires customer familiarity with cryptocurrency
  • Network fees can vary with blockchain congestion
  • Smaller customer base compared to traditional payment methods
  • Regulatory uncertainty in some jurisdictions
  • Limited customer support hours
  • Single language support only
  • No traditional payment method fallback
  • Settlement may take longer during high network activity
  • Limited tax handling capabilities

Supported Use Cases

E-commerceGamingDigital ProductsSaaSNon-profitOpen Source

Supported Countries

Global

Payment Methods

CryptocurrencyCredit CardsDebit Cards

Business Models

One-Time Payments Subscriptions Marketplaces Invoicing Digital Products Donations Open Source Sponsorship

Compliance & Support

  • PCI Level: Level 1
  • GDPR Compliant: Yes
  • SCA/3DS: No
  • Support Availability: Business Hours
  • Support Channels: Email, Phone, Live Chat, Documentation, Knowledge Base
  • Support Languages: English