The post How Bitpay makes it easy to spend, accept, and store Bitcoin appeared first on Coin Rivet. Make sure you take a look at all the latest crypto and blockchain news. It has all the features to handle worldwide payments whilst having the security and easy interface for beginners.įor guides on cryptocurrencies, exchanges, and blockchain technology, click here. Final thoughtsīitpay is a great payment service for global businesses and customers alike. You can also load and manage the Bitpay card, which is accepted at all Visa merchants and is compatible with all ATMs worldwide. The Bitpay wallet enables you to buy and sell Bitcoin directly from within the wallet. Users can also do more with their Bitcoin and Bitcoin Cash with the wallet. ![]() It has been proven that it is much safer to keep digital assets on a wallet as they are less likely to be hacked and no one has control over your money. Today, BitPay enables users to make payments from their Bitcoin wallets. The duo founded the Atlanta-based company as a payment gateway solution, enabling the acceptance of Bitcoin as a cryptocurrency payment option for retailers and businesses. With the wallet, users no longer need to keep their crypto online. BitPay is a Bitcoin payment solution created in 2011 by Tony Gallipi and Stephen Pair. Bitpay walletīitpay has also created its own wallet with which users can manage their blockchain finances in one secure and open-source place. Businesses and customers can connect to borderless payment networks and can receive payments of any cost from any mobile or computer from anywhere in the world. With Bitpay, businesses are able to accept payments from online customers at checkout and accept bill payments across towns or borders. One of the most beneficial aspects of using Bitpay and Bitcoin is the payment advantages it brings. Refunds are also made through the merchant, meaning there will be no chargeback. But with Bitcoin, customers are able to pay without giving sensitive personal information. With other payment methods, customers and businesses are forced to shoulder certain risks of payment fraud. However, by accepting Bitcoin and Bitcoin Cash, businesses can get direct bank deposits in any currency for a flat rate of 1%.Īnother benefit is the end of chargeback fraud and identity theft. Credit cards take up to 3% of processing fees for every transaction processed. The first reason is that using Bitpay and paying with Bitcoin allows you to keep more of your money. ![]() So why should you accept blockchain payments? Finally, the business will then get the direct deposit into their bank account. After this, Bitpay uses modern technology to convert the Bitcoin into fiat whilst shielding the customer from any volatility risks. They then pay the invoice to Bitpay at a locked-in exchange rate. Bitpay works by allowing customers to pay with Bitcoin during their checkout process.
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