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BitPay sets one million merchant goal with new pricing plan

30 July 2014  |  2122 views  |  0 Source: BitPay

BitPay, the world leader in business solutions for the bitcoin digital currency, announces a new pricing plan which offers basic payment processing free-of-charge, forever.

With the new pricing plan, BitPay is lowering the barrier to entry for businesses who want to accept bitcoin for goods and services.

"We have set a goal to enroll one million merchants by the end of 2016," said Tony Gallippi, BitPay's Co-founder and Executive Chairman. "When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin."

Today's Internet payment system is built around credit cards, which were created in the 1950s, before the Internet existed. The bitcoin network offers the world some tremendous possibilities — instant low-cost payments anywhere in the world — using a distributed network that is free from interchange. Accepting bitcoin also opens new international markets for these businesses including South America, Eastern Europe, Asia and Africa where accepting traditional credit cards is risky and expensive and banking services are less developed.

BitPay's free processing allows merchants unlimited use of any plugin, API or app from BitPay's library and grants them access to BitPay's industry-leading email support. BitPay will continue to offer its Business and Enterprise plans for customers that need additional products and support services.

BitPay has integrated the world's leading tools for ecommerce, billing and retail point-of-sale including WordPress, Shopify, VisualTouch, New West, Magento and SoftTouch, making it easy for businesses to add bitcoin as a payment option.

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