BitPay now has over 10,000 merchants in its payment processor network
BitPay has now helped over 10,000 merchants across the world accept payments in bitcoin. The company, which was founded in 2011, only approved its 1,000th company this time last year, so it has experienced a huge surge in business over the past 12 months. Of the merchants that use BitPay, some 50% are located in North America and 25% are in Europe. Over 90% of the merchants using the payment service provider are ecommerce businesses, and BitPay also counts blogging platform WordPress among its clients. Tony Gallippi, co-founder and CEO of BitPay, said: "Our largest merchants are selling....
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Bitcoin payments processor BitPay hopes to bring one million merchants on board with its new free and unlimited pricing model. Bitcoin merchants don't necessarily have to use third-party payments processors like Coinbase and BitPay. Using APIs such as Blockchain's Receive Payments API (or by creating one's own), it's possible to accept bitcoins without trusting a third party or paying them fees. However, most Bitcoin merchants still use services like Coinbase because getting set up is a lot easier. Coinbase has recently grabbed headlines for partnering with companies such as Dell and....
BitPay, one of the world's largest Bitcoin payment processors, has come a long way since their first office in Atlanta where only the two co- founders were working on the future of payment processing. Now a world leader in business solutions for the Bitcoin digital currency, BitPay, is expanding yet again to a new office to meet the increase in global demand. The need for a new Amsterdam office is marked by a 1900% increase in merchant adoption via BitPay since 2013. 2,500 merchants, and counting, have signed up for BitPay's service. The total number of European BitPay merchants are now....
Leading global bitcoin payment processor BitPay has published a half year report on bitcoin which covers growth of merchants, transactions, volume, etc. Today, over 100,000 merchants worldwide are accepting bitcoin. Out of the 100,000 bitcoin merchants, 60% are processing bitcoin payments through BitPay. The number of transactions in the 2nd quarter of 2015 for the European region has reached an all-time high of 102,221 transactions per quarter (34,074 per month). "Merchants in Europe use payments service providers to aggregate all those payment methods into one solution, but bitcoin....
Payment processor BitPay recorded a record number of transactions during the 'Bitcoin Black Friday' event on 29th November, accounting for 6% of all bitcoin transactions on the day, according to an announcement from the company. "[The bitcoin economy] is soaring ... as merchants are seeing tremendous value in accepting bitcoin payments," said BitPay CEO Tony Gallippi. BitPay said it processed 6,296 bitcoin transactions on Black Friday this year. Transaction volume grew by just under 6,260% compared to a year earlier - BitPay processed 99 transactions on the same date last year. Merchants....
Heartland Payment Systems, the fifth largest payment processor in the US, has signed an agreement with BitPay that will find the company referring customers to its platform. Founded in 1997, Heartland offers credit, debit and prepaid card processing services, as well as check management and payments solutions. The publicly traded company estimates it has more than 250,000 customers nationwide. Statements by the companies indicate that Heartland will seek to identify businesses and organisations that may benefit from the bitcoin payment processor's services, then referring them to the....