Description
BitPay is the world's most established crypto payment gateway, operating since 2011. It enables businesses to accept cryptocurrency payments from customers and send crypto payouts globally, with the option to settle in fiat currency, crypto, or a combination of both.
Key Features
- Accept Payments — Accept Bitcoin, Ethereum, Solana, USDC, USDT, and 100+ cryptocurrencies online, in-store, or via email billing. Supports Shopify, WooCommerce, Magento, and other major e-commerce platforms.
- Fiat Settlement — Get settled in USD, EUR, GBP, or other local currencies directly to your bank account the next business day. No need to hold or manage crypto.
- Crypto Payouts — Send borderless payments to suppliers, affiliates, freelancers, or employees via crypto payroll and mass payout tools.
- In-Store POS — QR-based checkout experience for retail and brick-and-mortar locations.
- Enterprise Compliance — Licensed and regulated with robust KYC, AML, and transaction monitoring. BitPay holds licenses including a New York BitLicense.
Pricing
BitPay charges a per-transaction fee based on monthly volume:
- < $500K/mo: 2% + $0.25
- $500K – $999K/mo: 1.5% + $0.25
- ≥ $1M/mo: 1% + $0.25
Crypto payouts and additional services are priced separately.
Supported Assets
Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, USDT, Dogecoin (DOGE), Litecoin (LTC), XRP, and many more — spanning 6 major blockchain networks.
Highlights
Pros
- Eliminates chargeback fraud through irreversible blockchain payments — no risk of disputed transactions
- Licensed and regulated including a New York BitLicense and FinCEN MSB registration with full KYC/AML compliance
- Industry pioneer operating since 2011 — the longest-running crypto payment gateway in the market
- Turnkey integrations with Shopify, WooCommerce, Magento, and other major e-commerce platforms
- Fiat settlement direct to bank accounts in USD, EUR, GBP, and other currencies — no need to hold crypto
- Supports 100+ cryptocurrencies across 6 blockchain networks including Bitcoin, Ethereum, Solana, and major stablecoins
Cons
- Customer support is email-only with limited weekday hours and no live chat for individual users
- Transaction fee of 2% + $0.25 at low monthly volumes is higher than some competing payment gateways
- Account verification for merchants can take 5–7 business days, slowing down onboarding