BitPay: Overview

BitPay is a global cryptocurrency payment processor that was founded in 2011 by Tony Gallippi and Stephen Pair. The company is based in Atlanta, Georgia, and has become one of the most trusted platforms for crypto payments around the world. BitPay enables businesses to accept Bitcoin and more than 100 other cryptocurrencies. It also gives merchants the option to settle transactions in either fiat currencies or crypto, depending on their preferences.Having processed over five billion dollars in transactions and more than ten million payments, BitPay is well-known as a leader in the digital payments space, especially in blockchain-based commerce.

Core Functionality & Supported Channels

Accept Payments Online, by Email, or In‑Person

• Online (eCommerce): BitPay provides tools for online businesses to accept crypto through plug-ins, hosted checkout pages, embedded payment buttons, and API integrations. Compatible with major platforms like Shopify, WooCommerce, Magento, and more, these tools are ideal for merchants wanting a smooth crypto checkout experience.

• Email Billing: Businesses can generate invoices and send them via email, enabling clients to pay in crypto without the need for web integration. This method suits B2B transactions, freelancers, and service providers.

• In‑Store / Retail: BitPay enables crypto payments in physical retail locations through point-of-sale integrations with providers like Verifone and through SDKs that support mobile apps and custom retail systems.

Broad Crypto & Wallet Support

BitPay accepts more than 100 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Dogecoin, XRP, Litecoin, and stablecoins such as USDC, DAI, and EURC. This broad acceptance ensures that customers can use a wide variety of digital assets to make purchases.

BitPay is compatible with over 100 crypto wallets and exchanges, including popular names like Coinbase Wallet, MetaMask, Trust Wallet, and Kraken, allowing users to pay using the platform they already trust.

Payout Options & Settlement

Merchants have full control over how they receive payments:

• Fiat Settlement: BitPay can automatically convert cryptocurrency payments into fiat currencies such as USD, EUR, or GBP and deposit them into a business’s bank account by the next business day. This service is available in over 38 countries.

• Crypto Settlement: Businesses that prefer to keep their funds in digital currency can opt for settlement in crypto directly to their wallets.

• Hybrid Settlement: Merchants can also split settlements between fiat and crypto in a customizable ratio.

This flexibility is especially useful for businesses that want to take advantage of crypto’s growth potential while managing exposure to market volatility.

Security, Compliance & Licensing

BitPay operates with strong regulatory compliance and is licensed to operate in jurisdictions including the United States. It holds various money transmitter licenses and follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols.

Importantly, BitPay does not take custody of user crypto funds. Payments are instantly converted (if selected) and settled securely to a designated account, significantly reducing counterparty risk for merchants.

BitPay’s infrastructure also includes open-source developer tools and wallets, which undergo regular security audits, adding another layer of transparency and trust.

Integration & Developer Ecosystem

BitPay supports multiple integration paths to accommodate businesses of all sizes and technical backgrounds:

• Ecommerce Plug-ins: Available for Shopify, WooCommerce, BigCommerce, Magento, and others for quick, no-code or low-code deployment.

• Hosted Checkout & Payment Buttons: Ideal for merchants who prefer not to host payment infrastructure themselves.

• Custom API Access: For businesses with in-house development teams or complex payment needs.

• Email Billing Tools: A flexible invoicing solution that doesn’t require integration into a website or eCommerce platform.

For developers, BitPay provides SDKs, REST APIs, and detailed documentation to support scalable, secure, and customizable payment flows.

Use Cases & Notable Merchants

BitPay is used across a wide range of industries, including retail, eCommerce, professional services, ticketing, and more:

• Retail & Fashion: Luxury brands such as Gucci and Off‑White accept crypto payments in-store using BitPay integrations.

• Online Electronics & Lifestyle: Companies like Newegg and Jomashop use BitPay to offer crypto payments on their eCommerce platforms.

• Sports & Entertainment: Teams like the Dallas Mavericks accept crypto for ticket and merchandise sales.

• Telecom & Utilities: AT&T customers can pay bills using cryptocurrency via BitPay’s platform.

• Professional Services: Law firms, marketing agencies, and accounting firms can use BitPay to invoice clients and accept crypto payments with fiat settlement.

Benefits of Using BitPay

Global Reach

BitPay is available in 229 countries and territories, making it a truly global payment solution. Businesses can instantly gain access to millions of crypto users without having to manage separate local integrations or payment gateways.

Lower Transaction Costs

Compared to traditional payment systems, BitPay offers significant savings through lower processing fees and zero chargeback risks. For businesses with high transaction volumes, this can result in substantial cost reductions.

Fast & Reliable Settlements

BitPay’s fiat settlements are processed as soon as the next business day, allowing businesses to maintain a steady cash flow while accepting crypto.

Regulatory Confidence

BitPay’s adherence to licensing, compliance, and strong KYC/AML protocols ensures that merchants stay within the bounds of financial regulations—especially important in high-compliance sectors.

Integration Flexibility

Whether you need a quick plug-in or a highly customized crypto checkout solution, BitPay provides integration options to suit your specific use case.

Customer Conversion

By offering crypto payments, merchants can tap into a rapidly growing demographic of tech-savvy and often high-value customers who prefer using digital assets for online and in-person purchases.

Conclusion

BitPay is one of the most established, full-featured, and reliable cryptocurrency payment platforms available today. It provides businesses with the tools to accept crypto easily, settle in their preferred currency, and connect with customers around the world without extra hassle.