Developer-first payments infrastructure for internet businesses.
2.9% + $0.30
online rate
$0
monthly fee
2-day
payout
Developers
SaaS
Marketplaces
BitPay Review
Longest-running major crypto payment processor: accept 100+ cryptocurrencies, settle in fiat daily, with no chargebacks.
No reviews yetFounded 2011Atlanta, Georgia, United StatesListing updated
- Starting rate
- No card payments
- Monthly fee
- None
- Payout
- 2-day
- Contract
- No contract
- PCI level
- N/A
- Regions
- US, CA +3
Overview
Accepting cryptocurrency directly can create a problem for merchants: customers may want to pay in crypto, but the business may not want to hold cryptocurrency itself.
BitPay is designed to help merchants accept supported cryptocurrency payments while providing settlement options that can reduce some of that complexity.
How BitPay Crypto Payments Work
The basic process is different from a normal card transaction.
A customer selects a supported cryptocurrency payment option, completes the payment, and the merchant receives settlement according to the BitPay account and payment configuration.
For businesses, the important question is what happens between the customer's crypto payment and the funds ultimately received by the merchant.
BitPay Pricing and Settlement Fees
When evaluating BitPay, consider the complete cost rather than only the processing percentage.
Look at:
- Processing fees
- Settlement fees
- Currency conversion
- Refund costs
- Withdrawal or transfer costs
- Supported settlement currencies
Who Is BitPay Best For?
BitPay is most relevant to businesses that have a genuine reason to accept cryptocurrency payments, such as:
- Online businesses with crypto customers
- Technology companies
- International merchants
- Businesses targeting crypto users
- Merchants wanting crypto payment options without directly managing every part of the crypto transaction
Does BitPay Convert Crypto to Cash?
One of the key considerations for a merchant is whether cryptocurrency received from customers can be settled into a supported fiat currency rather than leaving the business exposed to crypto price movements.
Check the current settlement currencies and eligibility available to your business.
Is BitPay Safe?
Merchants should evaluate security controls, account protection, payment confirmation, refund procedures, settlement practices, and the risks associated with cryptocurrency payments before integrating any crypto payment provider.
Best for
Crypto checkout
International sales
High-ticket goods
No-chargeback payments
Regions
US
CA
UK
EU
Global
Industries
Ecommerce
Luxury goods
Electronics
Travel
Precious metals
Pros
- Operating since 2011 with an NMLS registration and a New York BitLicense, licensing few crypto processors hold
- The rate locks at invoice time and fiat settles to the bank in one to two business days, so merchants never hold crypto or take price risk
- No chargebacks and no monthly or setup fees, with 1% to 2% + 25 cents undercutting typical card processing, plus a broad plugin catalog
Cons
- Crypto-only with no card fallback, so it works as an additional payment rail rather than a primary processor
- Strict KYB onboarding, and accounts can be flagged or held for compliance review, the dominant complaint in consumer reviews
- Refund experience is clunky: the merchant eats the network fee on refunds and the buyer's original network cost is never returned
Pricing
Pricing at a glance
Processing is tiered by monthly volume: 2% + $0.25 under $500,000, 1.5% + $0.25 to $999,999 and 1% + $0.25 from $1 million, with no monthly or setup fees. Buyers pay a separate network cost fee, and high-risk industries pay elevated rates.
- Pricing model
- Flat rate, Tiered
- Contract
- No contract
- Free trial
- No
- Monthly minimum
- None
Fee breakdown
| Online card rate | No card payments |
|---|---|
| International surcharge | Same crypto rate worldwide, crypto settlement available in 200+ countries |
| Monthly fee | None |
| Setup fee | None |
| Monthly minimum | None |
| Chargeback fee | None, blockchain payments cannot be charged back |
| Early termination fee | None |
| Refund policy | Merchant-initiated refunds deduct the blockchain network fee, and the buyer's original network cost fee is not returned |
Listing updated How we keep listings current
Features
Payment methods
- Crypto
Integrations & deployment
- API
- Hosted checkout
- Payment links
- Invoicing
- Shopify
- WooCommerce
- Magento
- BigCommerce
- Wix
Capabilities
- Multi-currency
- Chargeback protection
- Reporting dashboard
- Developer-friendly
At a glance
- Currencies
- Accepts 100+ cryptocurrencies, settles in 8 fiat currencies including USD, EUR and GBP across 37 countries, or in 15 cryptos and stablecoins worldwide
- Payout
- 2-day
- PCI level
- N/A
- High-risk friendly
- No
Reviews
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Frequently asked questions
- How much does BitPay cost?
- Fees are tiered by monthly paid-invoice volume: 2% + 25 cents per transaction under 500,000 dollars a month, 1.5% + 25 cents between 500,000 and 999,999 dollars, and 1% + 25 cents at a million dollars and above. There are no monthly or setup fees and no chargeback fees. Buyers additionally pay a network cost fee that covers blockchain miner fees, and high-risk industries pay elevated rates.
- How does BitPay protect merchants from crypto volatility?
- The exchange rate is locked the moment an invoice is created, and BitPay converts the payment instantly. Merchants receive the full fiat value regardless of what the coin does afterwards, with settlement calculated every business day and funds arriving in about one to two business days in USD, EUR, GBP or five other fiat currencies. Merchants who prefer can settle in 15 cryptocurrencies or stablecoins instead.
- Can BitPay payments be charged back?
- No. Blockchain payments are push transactions and cannot be reversed by the buyer's bank, so the entire card chargeback mechanism does not exist. That makes BitPay attractive for high-ticket and international sales. Refunds remain possible, but they are merchant-initiated, and the blockchain network fee comes out of the refund.
- Who should use BitPay?
- Ecommerce and high-ticket merchants such as luxury goods, electronics, travel and precious metals sellers that want a no-chargeback option for crypto-holding customers, especially internationally. It suits businesses adding crypto alongside card processing. Merchants in prohibited verticals such as cannabis, weapons, MLM and derivatives cannot use it, and every account goes through KYB verification.