BitPay

The world's leading cryptocurrency payment processor, enabling merchants to accept Bitcoin, Ethereum, and stablecoins with automatic fiat settlement.

Details

Status: active
Fees: 1-2% + $0.25 per transaction (tiered by monthly volume)
Fiat settlement: Yes
Availability: US, EU, UK, Canada, Australia, and 100+ countries
Integrations: Shopify, WooCommerce, Magento, PrestaShop, OpenCart, WHMCS, custom API
Features: online-checkout, point-of-sale, email-invoicing, donation-buttons, subscription-billing, fiat-settlement, stablecoin-payments, quickbooks-integration

Supported coins

Bitcoin
Ethereum
Bitcoin Cash
Litecoin
Dogecoin
Shiba Inu
USD Coin
Tether USD
Gemini USD
Pax Dollar
XRP
Dai

Supported chains

Bitcoin
Ethereum
Bitcoin Cash
Litecoin
Dogecoin
Polygon PoS
Solana

BitPay is the world’s leading cryptocurrency payment processor, founded in 2011. It enables merchants to accept Bitcoin, Ethereum, stablecoins, and other cryptocurrencies, with the option to settle directly in fiat currency to their bank account.

How BitPay Works

BitPay provides a hosted payment solution that handles the entire crypto checkout flow. When a customer pays with cryptocurrency, BitPay verifies the payment on the blockchain, absorbs any volatility risk, and settles the equivalent fiat amount to the merchant’s bank account (usually within 1-2 business days). Merchants can also choose to keep a portion or all of their settlement in cryptocurrency.

Key Features

Fiat settlement: Convert crypto payments to USD, EUR, GBP, and other fiat currencies automatically
Stablecoin support: Accept USDC, USDT, and other stablecoins with minimal volatility
E-commerce integrations: Native plugins for Shopify, WooCommerce, Magento, and more
Point-of-sale: In-person crypto payments via the BitPay app or compatible terminals
Email invoicing: Send branded payment requests to customers
Donation tools: Embeddable donation buttons and hosted donation pages
QuickBooks integration: Export transactions for easy accounting

Fee Structure

BitPay uses a tiered pricing model based on monthly transaction volume:

Under $500,000/month: 2% + $0.25 per transaction
$500,000 – $999,999/month: 1.5% + $0.25 per transaction
$1,000,000+/month: 1% + $0.25 per transaction

These rates are significantly lower than traditional credit card processing (typically 2.9% + $0.30). Higher fees may apply for high-risk industries.

Supported Cryptocurrencies

BitPay supports 15+ cryptocurrencies across multiple blockchains, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, Shiba Inu, XRP, and major stablecoins (USDC, USDT, GUSD, DAI, PAX, BUSD).

Best For

BitPay is ideal for established merchants who want automatic fiat settlement, full compliance support, and seamless integration with existing e-commerce platforms. It’s particularly popular among large retailers, travel companies, and nonprofits that need KYC-compliant crypto payment processing.

Important Considerations

KYC required: Full identity verification is required for merchant accounts
US-centric: While available globally, BitPay’s strongest support and banking integrations are in the US, EU, and UK
Card program paused: The BitPay consumer debit card is currently not accepting new applications
Invoice window: Customers have a 15-minute window to complete payment after an invoice is generated