BitPay

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General Info
  • Corporate name: BitPay
  • Founded: 05/2011
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Short Description:

Bitpay is the leading payment service provider (PSP) specializing in the peer-to-peer virtual currency Bitcoin which provides for instantaneous transactions from anywhere in the world with no risk of fraud or chargebacks.

Long Description:

Bitpay is the leading payment service provider (PSP) specializing in the peer-to-peer virtual currency Bitcoin which provides for instantaneous transactions from anywhere in the world with no risk of fraud or chargebacks.
Using Bitpay enables merchants to easily accept bitcoins for payment just like with Visa, Mastercard, Paypal or cash. Merchants can choose what percentage of revenues are kept in bitcoins or converted to a fiat currency and direct deposited daily into their bank account. Bitpay only charges a flat 0.99% fee to process and convert payments, which is significantly cheaper than most credit cards, and makes it much easier for businesses to accept Bitcoins and properly account for tax purposes.

 
Location
  • Continent:
  • Area:
  • State: Georgia
  • Country: United States
  • City: Atlanta
Industry
 
Fundings
Funding Total: $2,000,000
Round Date Amount Pre Amount Post Amount
Seed 05/16/2013 $2,000,000
Investors: Founders Fund Funding: BitPay Raises $2 Million of Seed Funding
 
Founder

Additional Investor

 

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