Company Overview

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Founded:
May, 2011
Founders:
Stephen Pair, Anthony Gallippi
Headquarters:
Atlanta, GA
Funding:
$2.50M
Categories:
Finance, Virtual Currency

BitPay is a payment processor for the peer-to-peer digital currency, Bitcoin.

Description

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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.

Accepting Bitcoins for payments and having Bitpay process the transactions differs from credit or debit cards in several major ways. For example, (1) Bitcoins are instantaneous and irreversible so there can be no... See More

Current Team (2)

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Funding Rounds (2) - $2.50M

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Offices/Locations (1)

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  • Altanta Tech Village

    3423 Piedmont Rd NE

    Suite 200

    Atlanta, GA 30305

    USA

Competitors (1)

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Images (1)

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  • 0c7494b54c603b1edee542ab8fc93f22