Difference between revisions of "Bit-pay"

From Bitcoin Wiki
Jump to: navigation, search
(Add disintermediation reference.)
Line 1: Line 1:
Bit-pay is an automated payment processing system for the bitcoin currency. It enables online merchants to accept bitcoins, as a form of payment, just as easily they accept payments from credit cards, debit cards, or Paypal. <ref name="bit-pay_FAQ" />
+
Bit-pay is an automated payment processing system for the bitcoin currency. It enables online merchants to accept bitcoins, as a form of payment, just as easily they accept payments from credit cards, debit cards, or Paypal. <ref name="bit-pay_FAQ" /> For the similarly-named mobile wallet application, see [[BitPay]].
  
 
==Merchant Tools==
 
==Merchant Tools==

Revision as of 22:37, 19 December 2011

Bit-pay is an automated payment processing system for the bitcoin currency. It enables online merchants to accept bitcoins, as a form of payment, just as easily they accept payments from credit cards, debit cards, or Paypal. [1] For the similarly-named mobile wallet application, see BitPay.

Merchant Tools

For merchants that already have a shopping cart, bit-pay's Hosted Checkout can allow shoppers to pay for their order using bitcoins. For merchants that only have a catalog of items, bit-pay can provide buttons and widgets for merchants to place by their items, which will add them to a shopping cart at bit-pay.

Fees

The automated solution and shopping cart is available for all merchants for a fee of 0.99% of the value of the sale. If the merchant wants to receive a currency other than bitcoins, (e.g. US Dollars) bit-pay can trade the coins for dollars, and send a direct deposit to the merchant's bank account. Merchants have no currency risk of bitcoins at all. The fee for this service is 2.99% of the value of the sale.

History

See Also

External Links

References