BitPay became the first Bitcoin payment processor when it was founded in 2011. BitPay allows merchants to accept Bitcoin without the need to worry about volatility, or the conversion from bitcoin to fiat.

Accept Bitcoin with BitPay

BitPay’s merchant processing charges a flat 1% per transaction. Payments are settled in fiat currency at the end of each day or week. Because Bitcoin payments are global, using BitPay allows merchants to accept digital payments from customers around the globe.

No Chargebacks

Bitcoin payments are irreversible, which means accepting Bitcoin with BitPay is like accepting cash. There is no risk of chargebacks, credit card fraud, or scams.

40+ Integrations

BitPay’s merchant tools have been integrated with a number of existing payment processors, including Shopify, PayPal, and wooCommerce. For a full list of integrations visit BitPay’s website.

Support for 30+ Countries

BitPay offers settlement to bank accounts in over 30 countries: Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Monaco, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, and the United States.

Mobile Apps for Android and iOS

BitPay’s Bitcoin Checkout applications are available in the App Store and Play Store. Bitcoin Checkout makes it easy for merchants to accept Bitcoin payments from phones or tablets.

Copay Bitcoin Wallet

In addition to merchant tools, BitPay offers an open source Bitcoin wallet called Copay. With support for all desktop operating systems, iOS, Android, and Windows Phone, Copay is the perfect Bitcoin wallet for use across multiple platforms.

Additional Features:

  • Withhold any percent of income as bitcoin. If a merchant chooses to retian 50% of income as Bitcoin, half of each payment will be converted to fiat, and half settled via wire transfer to the merchant’s bank account.
  • Bitcore, API, and Insight. BitPay’s Bitcore, API, and Insight are open source tools that are free for anyone to use.

Why use BitPay?

As a merchant, Bitcoin’s volatility makes it hard to accept payments. A store would lose $10 if it receives $100 worth of bitcoin, and the Bitcoin price drops 10% before the store cashes out.

In early 2011, BitPay was founded in order to tackle Bitcoin’s volatility problem for merchants. BitPay is a Bitcoin payment processor that helps merchants accept Bitcoin payments without having to worry about price swings:

  1. A merchant integrates BitPay with their online store and can now accept Bitcoin.
  2. For each payment, BitPay receives the bitcoin and locks in the dollar value for the merchant.
  3. At the end of each day or week, BitPay sends a wire transfer to the merchant equal to the fiat value of payments received.

This process allows merchants to accept Bitcoin without a Bitcoin wallet or any Bitcoin knowledge.

BitPay Team

Tony GallippiTony Gallippi is the co-founder and executive chairman of Bitpay. Tony has 20 years of experience in Sales and Marketing in the Robotics and Financial industries. Tony has a Bachelor's degree in Mechanical Engineering from Georgia Tech.

Venture Capital Rounds

BitPay: $30 million - First

13-May-2014 | Payment Processor

Investors: Index Ventures, AME Cloud Ventures, Felicis Ventures, Founders Fund, Horizons Ventures, RRE Ventures, Sir Richard Branson, TTV Capital, Jerry Yang, Richard Branson

Headquartered: Atlanta

Country: United States

BitPay: $2 million - Seed

16-May-2013 | Payment Processor

Investors: A-Grade Investments, Founders Fund, Heisenberg Capital

Headquartered: Atlanta

Country: United States

BitPay: $0.51 million - Seed

7-Jan-2013 | Payment Processor

Investors: Shakil Khan, Barry Silbert, Roger Ver, Ashton Kutcher, Matt Mullenweg, Ben Davenport, Trace Mayer, Jimmy Furland

Headquartered: Atlanta

Country: United States