Bitcoin is a powerful peer-to-peer platform for the next generation of financial technology. The decentralized nature of the Bitcoin network allows for a highly resilient value transfer infrastructure, and this allows merchants to gain greater profits. Unlike other payment methods, Bitcoin payments cannot be reversed, so once you are paid you can ship! No waiting days for a payment to clear.
Use BitPay's plugin to accept Bitcoin payments from customers anywhere on earth. You don't need to worry about bitcoin as a currency, because the plugin uses your local currency to create a BitPay invoice. BitPay will instantly update the X-Cart order status once the bitcoin payment has been received.
Pricing
You need a BitPay business account to use this plugin. You can sign up here.
BitPay charges no fees for the Starter plan, giving you up to 30 transactions per month.
BitPay charge 1% transaction fees for the Business plan, giving you unlimited transactions.
For more information about pricing see https://bitpay.com/pricing
BitPay's plugin features
BitPay's plugin is used by many types of eCommerce merchants all around the world, e.g. video game sellers, VPN providers, gold dealers, online retail, etc. BitPay's plugin will add a bitcoin payment button in your checkout page. Once the customer clicks on the bitcoin button, a BitPay invoice will be displayed allowing the customer to pay with bitcoin.
BitPay's plugin offers the following features:
- Support all bitcoin wallets by offering QR code scanning, a clickable bitcoin URI and a bitcoin address/amount that can be copy/pasted
- Price in your local currency, let customers pay with bitcoin
- Receive instant payment confirmation (e.g. for virtual goods)
- Have an overview of all your bitcoin payments in your BitPay merchant dashboard at https://bitpay.com
- Refund your customers in bitcoin in your BitPay merchant dashboard at https://bitpay.com
BitPay settles to you automatically, every business day for for Business and Enterprise merchants. BitPay collects and deposits all payments processed from the previous business day directly to your bank or bitcoin wallet, according to your settlement preferences. BitPay issues bank settlements for Starter plan merchants on a weekly basis.
BitPay supports settlement in 9 currencies and direct bank deposit in 38 countries. Bitcoin settlements are supported in 240 countries. For more information about settlement, see https://bitpay.com/docs/settlement
Since a bitcoin transaction does not contain any creditcard or bank information, there is no need for PCI compliance.
Usage
Once enabled, your customers will be given the option to pay with Bitcoin. During checkout the customer is shown a BitPay invoice to pay for the order.
More information
For more information, please check BitPay's support page.
About BitPay
BitPay Inc. is a privately owned company, headquartered in Atlanta (USA), with offices in San Francisco (USA), Amsterdam (NL) and Buenos Aires (Arg). BitPay was founded in May 2011 by Tony Gallippi and Stephen Pair. The company is owned by the two founders Tony Gallippi and Stephen Pair. BitPay B.V. is a Dutch subsidiary, which is 100% owned by BitPay Inc.
On December 1, 2014, Bitpay Inc. registered with FinCEN as a Money Services Business (MSB).
