Headquarters: Alpharetta, Georgia
BitPay is a developer of a blockchain payments technology platform designed for secure digital asset payment acceptance, savings, and spending. The company's platform offers a suite of software tools that make it easy to accept digital asset payments and allow businesses to collect payments over a peer-to-peer payment network, enabling users to turn digital assets into any currency for use with visa merchants. Using BitPay, a business can instantly accept a payment from any country with zero risk of fraud, a capability that is not possible with any payment processor today, including PayPal, American Express, Mastercard, or Visa. In addition to the payment gateway API, BitPay offers simple "buy now" buttons and payment plugins for the most common eCommerce shopping carts such as Magento, WordPress eCommerce, Woocommerce, OpenCart, and Virtuemart.
BitPay is the world’s largest provider of digital asset payment services.
BitPay pioneered blockchain payment processing with the mission of transforming how people send, receive and store money.
BitPay’s business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency.
BitPay offers users a complete digital asset management solution that includes the BitPay wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending.
More users pay in bitcoin using BitPay than Coinbase or any other wallet.
An average of 61,086 BitPay transactions are processed per month.
According to a recent HSB (part of Munich Re) survey, at least one-third of U.S. small- and medium-sized businesses accept cryptocurrency as payment for goods and services.
According to Coin Market Cap, a recent report found that 40% of companies in the Americas, Africa and the Middle East plan to tap digital currencies to make purchases within the next year.
Multi-million-dollar cars and yachts are being purchased using BitPay monthly. The GM of Vegas Auto Gallery in Las Vegas, Nevada, said that ultra-luxury autos are a natural fit for spending some of the heady gains from bitcoin trading. Porsche Towson, a dealership in Maryland, U.S. now accepts bitcoin and other cryptocurrencies for the purchase of vehicles.
Mastercard recently stated that the coronavirus pandemic has galvanized us all into exploring alternative payment methods beyond cash.
BitPay was named as one of Deloitte’s Technology Fast 500 companies, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, and energy tech companies in North America.
BitPay was selected as a finalist for Red Herring’s Top 100 North America award, one of the technology industry’s most prestigious awards.
CEO Stephen Pair was named as one of Atlanta’s 500 most powerful business people.
RM Sotheby’s, the classic car auction house, recently teamed with BitPay for crypto payments, and BitPay now supports Shiba Inu payments which will be accepted beginning in AMC theatres.
PacSun, a popular apparel shop, recently partnered with BitPay to accept cryptocurrencies, and the New York-based real estate company, Magnum Real Estate Group, recently started accepting payments solely in bitcoin through BitPay.
Investopedia and other finance blogs name the BitPay debit card as one of the best bitcoin debit cards of 2021. The BitPay debit card was also featured as the best bitcoin debit card for U.S. residents.
In April 2022, BitPay added support for Bitcoin Lightning Network Payments, enabling merchants to receive payments from Lightning-enabled wallets like CashApp and Strike, in addition to cryptocurrency payments from over one hundred of the most popular crypto wallets. As a result of the integration, BitPay merchants and their customers will be able to complete faster, cost-effective bitcoin transactions with lower fees and more scalability.
BitPay recently partnered with Verifone, the largest hardware provider to US businesses, to enable crypto payments in-store. Verifone merchants can now accept crypto in-store without integration.
BitPay's NFT Payment Solutions allow businesses to make and sell their own NFTs, while making it easy to process crypto for NFT payments.
In February 2023, Bitpay announced a partnership with crypto tax software company, ZenLedger. BitPay users can sync wallet transactions directly from within the app to ZenLedger's intuitive tax software. With just a few taps from the BitPay app, ZenLedger will automatically calculate cost basis, fair market value, gains/losses, and tax-loss harvesting for a user's transaction history. "Our partnership with ZenLedger offers a simple solution to the sometimes complex process of calculating tax liabilities associated with spending cryptocurrency," said Stephen Pair, CEO of BitPay.