What Is BitPay And How To Register?
As a leading Bitcoin payment processor, BitPay is widely known and relied upon for online transactions with Bitcoin.
Bitpay at a Glance
BitPay is a global Bitcoin payment service provider headquartered in Atlanta, Georgia, United States . Founded in May 2011 by Tony Gallippi and Stephen Pair, BitPay provides Bitcoin and Bitcoin Cash payment processing services for online businesses, and is one of the largest Bitcoin payment processors. In 2014, BitPay processed transactions with Bitcoin up to $1 million per day. That same year, BitPay announced partnerships with Microsoft, New Egg, TigerDirect, Warner Bros. Records, as well as the PayPal payment system.
BitPay allows online merchants to accept Bitcoin as payment for a transaction. Formally, BitPay enters into Bitcoin transactions on behalf of the merchant, and converts the Bitcoin amount into one of the 30 currencies the merchant chooses. Bitpay reduces the risk of Bitcoin price volatility by allowing merchants to receive Bitcoins which are immediately converted to local currency .
BitPay transactions are irreversible, making them suitable for merchants working internationally. In 2013, it was announced that merchants could accept Bitcoin and accept fiat currency the next day for a 0.99% fee. In addition to e-commerce offerings, BitPay also has POS ( point-of-sale ) integration with SoftTouch, VisualTouch, DC POS, as well as Web and Android applications. The company also provides a payroll API, so American employees can choose to have all or part of their salary paid in Bitcoin.
Bitpay also offers several other benefits, such as average prices, guaranteed rates, daily bank settlements, and the option to import Bitcoin sales into Quick Books. In other words, Bitpay is a complete solution for online merchants who accept payments via Bitcoin .
What are BitPay Services?
Bitcoins are acceptable for a variety of products and services. Here are some examples of BitPay facilities that can be used:
- Online Payments
The payment system at BitPay makes the online payment experience easy and convenient for customers on any device, customers can also pay in just two short steps. - E-Commerce Platform Integration
Accept Bitcoin and Bitcoin Cash with BitPay platform easily and quickly. - Shopping Cart Plug-Ins
If you use one of the leading open source shopping cart software solutions , Bitpay allows easy integration. Use the plug-in provided by BitPay to add payments to your online Checkout. - Website Payment Buttons Payment
buttons for your website can be generated directly through the merchant dashboard. You just need to copy the Embed Code into the site. - Point-of-Sale Integration
Merchants using POS service providers or point-of-sale partners Bitpay can activate payments with just a few clicks. - BitPay Payment Application
Merchants can use BitPay Checkout to accept Bitcoin and Bitcoin Cash payments on both iOS and Android based Smartphones. - Billing
BitPay's billing tool allows merchants to collect and receive payments in no time. You can also take advantage of Bitpay's schedulable email billing feature.
How Does the BitPay Payment System Work?
In the Bitcoin payment mechanism, a merchant can choose to have his Bitcoin balance transferred to a bank account once per business day, or receive payment to their Bitcoin Wallet address once per day.
BitPay is available in almost every country, which means merchants can choose from over 150 different currencies to convert the Bitcoins they receive from the payment system. This is very useful when merchants market their products internationally, because there are no restrictions on currency differences that hinder the smooth sale of products or services.
How much is BitPay Fee?
BitPay is the most affordable Bitcoin processor with various service options for merchants. Most of BitPay's services are even provided free of charge with no hidden conditions. The average price model offered by BitPay is also much more affordable than other similar payment processors .
Merchants can choose from a Starter Account which has no monthly fee, but imposes a 1% transaction fee, or opens to choose Professional, Business, or Enterprise that is tailored each has its own uniqueness and is tailored to the size of the transaction. Professional accounts have higher offers, 0% transaction fees, while Enterprise accounts accommodate VPN access.
How to Register Bitpay
1. Please visit the official BitPay website .
After entering the official website, please click the "Start Now" or "Sign Up" dialog to open the registration form .
2. Please select from the following
- First option : Allows you to create a "BitPay Card" account and convert Bitcoin into Dollars for use at merchants that accept Visa.
- Second option : Accept Bitcoin as a customer payment system, and convert it into conventional currency. In this BitPay listing guide, we will choose the second option (as POS).
- First option : Allows you to create a "BitPay Card" account and convert Bitcoin into Dollars for use at merchants that accept Visa.
- Second option : Accept Bitcoin as a customer payment system, and convert it into conventional currency. In this BitPay listing guide, we will choose the second option (as POS).
3. Fill in the required personal data.
Please fill in from "Organization Name" to "Password", don't forget to tick "I Agree to the Terms of use and Privacy Policy", and confirm the Catpcha.
After you click "Create Account", please open the email and click the confirmation email link that was sent.
4. Confirm Business Identity and Bank Account or Bitcoin.
5. Choose one of the services provided by Bitpay for further integration.
You can see the complete guide in the following video:
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