Bitpay
Operating in most countries worldwide, BitPay enables merchants to take payment in the form of cryptocurrency. The payment processor converts Bitcoin, Bitcoin Cash, Ethereum, and other leading digital currencies into over 150 conventional, central-bank currencies. It does this without exposing merchants to any price fluctuation volatility or chargebacks and has no identity fraud risk to the customer. Consumers pay with the cryptocurrency wallet of their choice on desktop or mobile phone by simply scanning a QR code at the merchant’s checkout.
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Get in touchWhy Bitpay
BitPay has been providing secure cryptocurrency processing since 2011, recording peak processing volumes in excess of USD $1 billion annually (ICLG).
Worldwide, an estimated 425 million people hold cryptocurrency (Bitcoin.com), with some currencies growing by over 200% a year.
Ninety-three percent of retailers that support crypto say doing so has had a positive impact on their business (Deloitte/WSJ).
Specifications
Coverage
Currencies
Features
Payment flow
At checkout, consumer selects BitPay as their preferred payment method
Consumer redirects to a BitPay-hosted payment page. They log in to BitPay using their email and account password
After logging in, consumer selects their cryptocurrency wallet/app from the list provided
Next, they select their preferred cryptocurrency to pay with
A payment invoice is generated with the payment amount and payee information. Consumer copies the payment link to their clipboard
Consumer opens their cryptocurrency wallet/app to continue with the payment (This example uses the BitPay app)
Consumer selects which specific wallet to use for the payment
Consumer pastes the payment link from the BitPay invoice when choosing the recipient for the funds
A complete summary of the transaction is shown. Consumer reviews the details and confirms the payment
Transaction is confirmed in consumer's wallet/app
Once the transaction success has been confirmed by BitPay, the invoice will update with the status
Merchant is notified of the successful order, and consumer redirects back to merchant