BitPay
Crypto payment processor that lets merchants accept Bitcoin, Ethereum and stablecoins and settle in fiat.
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BitPay key facts
| Category | Crypto payments |
|---|---|
| Chains | Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, XRP Ledger, Ethereum, Polygon, Arbitrum, Optimism, Base, Solana |
| Platforms | Web, API, Plugins |
| Fees | Under $500,000/mo: 2% + 25¢; $500,000 to $999,999: 1.5% + 25¢; $1,000,000+: 1% + 25¢; higher for high-risk industries |
| US availability | US merchants supported; NMLS ID 1496848; NY DFS virtual currency authorization |
| Launched | 2011 |
What is BitPay?
BitPay is a crypto payment processor for merchants, founded in 2011. Its pricing page lists a fee of 2% + 25 cents per transaction under $500,000 monthly volume, falling to 1% + 25 cents at $1,000,000 and above. It accepts BTC, BCH, ETH, DOGE, LTC, XRP and stablecoins such as USDC and DAI.
How BitPay works
A BitPay merchant creates an invoice through a plugin (Shopify, WooCommerce, Magento 2, Wix, BigCommerce or WHMCS), a code library, the API, a payment button, email billing or the in-store app.
The shopper pays from a crypto wallet, and the dashboard tracks each invoice as paid, confirmed, complete, overpaid, underpaid, refunded or invalid. BitPay converts the payment to your chosen currency and adds it to your next settlement.
Settlement can be in local currency (USD, CAD, EUR, GBP, AUD, MXN or NZD), in crypto, or a mix of both. For bank settlement BitPay sends a direct deposit each business day once the settlement minimum is met, and funds reach your bank within two business days. Underpaid or overpaid invoices become payment exceptions: the shopper is notified and can request a refund, and BitPay deducts the miner fee from the refunded amount.
How to start with BitPay
- You apply for a merchant account and pass business verification, which can include entity formation documents and details of your compliance program.
- BitPay's terms describe a non-refundable application fee for reviewing the application.
- You must report changes to your account information within 10 business days.
- Some industries are prohibited outright, and restricted categories can transact only with BitPay's express authorization.
- Once approved, you pick a plugin or the API and set your settlement currency and bank account in the dashboard.
BitPay fees and limits
- The processing fee is charged per paid invoice and deducted from settlements: 2% + 25¢ below $500,000 of monthly volume, 1.5% + 25¢ from $500,000 to $999,999, and 1% + 25¢ at $1,000,000 and above, with higher rates for high-risk industries.
Tiers adjust automatically on cumulative monthly volume. Separately, BitPay network costs pass on the miner fees it pays to aggregate and settle payments, so they rise when networks are congested. BitPay gives at least 30 days' notice before changing its processing fee.
Risks to know before using BitPay
- BitPay lists NMLS ID 1496848 and a New York DFS license for virtual currency business activity, with payment processing provided by BitPay Inc. and BitPay B.V.
- Under its terms, crypto balances below the settlement minimum are frozen at their US dollar or euro value until they settle.
- BitPay can reject or close an account, or restrict service, if the information you provide is not accurate and complete.
BitPay alternatives
Other projects people compare with BitPay.
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Licensed stablecoin payment provider for enterprises, with checkout, payouts and local currency settlement.
Where BitPay ranks on DappAtlas
BitPay pros and cons
- Fee drops to 1% + 25 cents at $1,000,000+ monthly volume
- Registered with NMLS (ID 1496848) and authorized by the NY DFS
- In business since 2011
- 2% + 25 cents fee below $500,000 monthly volume
- Higher fees for high-risk industries
- Fixed 25 cent charge on every invoice at every volume tier
BitPay FAQ
What is BitPay?
BitPay is a crypto payment processor for merchants, founded in 2011. Its pricing page lists a fee of 2% + 25 cents per transaction under $500,000 monthly volume, falling to 1% + 25 cents at $1,000,000 and above. It accepts BTC, BCH, ETH, DOGE, LTC, XRP and stablecoins such as USDC and DAI.
Which chains does BitPay support?
Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, XRP Ledger, Ethereum, Polygon, Arbitrum, Optimism, Base, Solana.
How much does BitPay cost?
Under $500,000/mo: 2% + 25¢; $500,000 to $999,999: 1.5% + 25¢; $1,000,000+: 1% + 25¢; higher for high-risk industries, according to BitPay’s own page (checked Sep 26, 2026).
Is BitPay available in the US?
US merchants supported; NMLS ID 1496848; NY DFS virtual currency authorization, according to BitPay’s own page (checked Sep 26, 2026).
Sources
How this page works
Sources: BitPay: official site, BitPay: Pricing, BitPay: About. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.