Bitpay Intro
We are talking about the American bitcoin payment service providers that deal with bitcoin and bitcoin cash payment processing services for merchants. The company have 6 locations and is serving worldwide being headquartered in Atlanta, Georgia, United States of America.
In the company 80+ employees are working under the guidance of Stephen Pair, CEO of the company and Tony Gallippi as chairman. According to the recent data in 2016, they are processing 200,000 bitcoin transactions monthly.
How it started?
The company was founded 7 years ago in May 2011 for mobile checkout services for various companies doing business in bitcoins. Initially they got the business with 100 merchants and soon reached to 1,100 within a year. The main focus was based on to revolutionise the financial industry by making more secure, less expensive and faster payments on a global scale and BitPay made this done by offering easy businesses with acceptance of bitcoin payments and finally turning out to be the largest bitcoin payment processor in the world.
They have now launched Bitcore, as a next application of bitcoin which provides a powerful blockchain application, BitPay Wallet that secures your money for immediate payment providing you powerful options to spend or buy bitcoins to and from your wallet and the BitPay Card offering out best way to convert bitcoin into currency and spend out money anywhere with acceptance.
Do they charge for service?
Yes, they deduct the transaction fee of 1% on the amount and sometimes also go for higher charges considering the high-risk industries.
Is it secure?
Yes, it is fully secured with no identity theft risk providing you the full control over your money in making payment easy on your behalf within minutes without waiting for banks to process your payments plus having the low fees without a middleman to inflate the prices. Merchant accounts are also secured with patented Two-Factor authentication from Google Authenticator. It is also operating in 38 countries having support in multiple currencies like Euros, US dollars, CAD etc. and invoice in 40 languages which proves beneficial to go global and cater international customers.
In the end, it has put forth the new future of managing money faster with technology through bitcoins across the globe.
