BitPay Brings Bitcoin to Payments Companies on Three Continents

BitPay, the world’s leading bitcoin payment processor, has recently announced several partnerships with payments companies from around the globe. During the first half of 2015, the company has signed deals with PSPs Payfirma, Sonic Payments, BillPro, Kadu, OpenPay, and Ixopay. These payments companies are based on three continents and, in total, serve more than 100 countries.

“At IxoPay, we focus on finding just the right mix of local and alternative payment methods for our merchants; Bitcoin, as the first true global payment method, is a good fit for many of them, and we love how BitPay makes it easy to understand and accept the cryptocurrency”

BitPay’s recent partnerships have made it easier for thousands of companies to implement a bitcoin payment method directly through their PSP, without needing a separate solution. During the last two quarters, BitPay has seen interest in bitcoin increase exponentially from traditional payment companies. Some of BitPay’s recent partners have been happy to share why they feel bitcoin is such an important innovation for the payments industry.

Sonic Payments is a US-based payment processor that is revolutionizing the way property managers and landlords handle rent collections. In addition to supporting traditional payment methods like credit and debit cards, eChecks and ACH, Sonic has introduced all-new options, including the ability to pay rent with cash at major retail stores like 7-Eleven, Dollar General and CVS.

"We believe in bitcoin's potential to be an integral part of the future of money, and we're excited to add it to our growing list of ways to pay. The rental space has been stagnant for far too long, but we're working with both property managers and DIY landlords to change that. Delivering the power to seamlessly accept digital currency as an alternative to traditional rent payment options is just one example of how we're driving innovation in this thriving market," Chris Cashwell, Founder and CEO of Sonic Payments.

BillPro is one of Australia’s largest payment processors, whose management team has over 25 years of experience in the financial services industry, with merchants ranging in location from Australia, Europe, and Asia.

“We had many clients asking for bitcoin services. After meeting BitPay and working with their team, we felt comfortable with moving forward with them because of their expertise in the space and their history of being a reliable and trustworthy company. We believe bitcoin will enhance our cross-border transactions greatly by lowering chargebacks while reducing fraud for our merchants,” Daria Rippingale, CEO of BillPro.

Ixopay is a distributing PSP in Europe and provides an all-in-one gateway solution for credit card and alternative payment methods around the world. With offices in Vienna, Los Angeles, and Orlando, IxoPay has access to a vast network of payment methods, acquirers, and service providers.

"At IxoPay, we focus on finding just the right mix of local and alternative payment methods for our merchants; Bitcoin, as the first true global payment method, is a good fit for many of them, and we love how BitPay makes it easy to understand and accept the cryptocurrency," Gox Mailer, Strategic Advisor of IxoPay.

BitPay’s expansion within the payments industry began with their existing partnerships with large players including PayPal and Neteller. Sonny Singh, Chief Commercial Officer of BitPay attributes the growth to a global interest in bitcoin.

“We have seen dramatic growth in the bitcoin ecosystem over the past year. The US is no longer the only country where adoption is happening. Latin America and Asia have shown significant growth over the past six quarters, and we anticipate that there is considerably more potential for expansion in these regions. Payment service providers play a key part in the bitcoin ecosystem, and we are fortunate here at BitPay to be working with some of the biggest, most trusted companies in the industry.”

About BitPay

BitPay is the global leader in bitcoin payment processing with offices throughout North America, Europe, and South America. The company has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.