Advertise with us (we do not endorse any site advertised)

Author Topic: BitPay Surpasses 10k Bitcoin Merchant Transactions, Zero Cases of Payment Fraud  (Read 4505 times)

0 Members and 1 Guest are viewing this topic.

Offline bitcoinforum.comTopic starter

  • Administrator
  • Legendary Member
  • *******
  • Joined: Nov 2011
  • Location: bitcoinforum.com
  • Posts: 1492
  • Country: bz
  • Thanked: 46 times
  • Karma: +38/-1
  • Gender: Male
  • The Bitcoin genie is already out of the bottle.
    • facebook.com/bitcoinforum
    • flickr.com/bitcoinforum
    • bitcoinforum.livejournal.com
    • reddit.com/user/bitcoinforum
    • stumbleupon.com/stumbler/bitcoinforum
    • bitcoinforum.tumblr.com
    • twitter.com/bitcoinforumcom
    • bitcoinforum.wordpress.com
    • View Profile
    • bitcoinforum.com
BitPay Surpasses 10,000 Bitcoin Merchant Transactions, Zero Cases of Payment Fraud


Quote
ATLANTA--(BUSINESS WIRE)--BitPay, Inc., the world leader in bitcoin payment processing, has successfully processed more than 10,000 bitcoin payments for their merchants. In their first 10,000 transactions, BitPay has experienced exactly zero cases of payment fraud. Not a single payment received has failed to confirm over the bitcoin peer-to-peer network, and reversals are not possible with bitcoin payments. Companies can now ship their merchandise with confidence to any country on Earth. This is a welcome relief for internet merchants who are battling payment fraud every day.

Quote
“We have some tremendous expertise in this area. This expertise puts our business solutions well ahead of all others in the marketplace.”

The key benefit that companies are starting to realize with bitcoin is the fraud mitigation. With credit cards, one out of every 167 transactions turns out to be fraudulent for domestic orders, and for international orders the rate is one out of every 50 transactions (source: Cybersource 2012 Online Fraud Report).

Every day, more companies are starting to see the value that bitcoin can bring to their business, whether it’s reducing risk, expanding international sales, or improving efficiency. However, integrating bitcoin has some unique challenges that other payment types do not have, and companies will quickly run into these challenges.

“We have a good grasp of all the edge conditions and scalability issues that a typical company would face integrating bitcoin payments, since we’ve done this over 10,000 times,” says Anthony Gallippi, co-founder and CEO of BitPay. “We have some tremendous expertise in this area. This expertise puts our business solutions well ahead of all others in the marketplace.”

BitPay has the most expansive line of bitcoin payment tools available, including the leading Payment Gateway API for bitcoin, and plugins for popular eCommerce platforms such as Magento, WordPress, and Virtuemart.

BitPay recently closed their seed round of funding for $510,000 from a small group of angel investors. BitPay now has over 2,400 merchants using its platform to accept bitcoin payments, and recently disclosed that in 2012 they processed over $3 million in bitcoin payments for its merchants.

About BitPay

BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and enterprise solutions for virtual currencies. BitPay offers easy tools to accept bitcoin payments online or in person, with the option to receive the funds as a bank direct deposit. Visit https://bitpay.com
 
Contacts   BitPay
Jan Jahosky, 407-331-4699
jan@bitpay.com

http://www.businesswire.com/news/home/20130122006045/en/BitPay-Surpasses-10000-Bitcoin-Merchant-Transactions-Cases
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
Latest stable Bitcoin version
Latest stable Electrum version


Offline bitcoinforum.comTopic starter

  • Administrator
  • Legendary Member
  • *******
  • Joined: Nov 2011
  • Location: bitcoinforum.com
  • Posts: 1492
  • Country: bz
  • Thanked: 46 times
  • Karma: +38/-1
  • Gender: Male
  • The Bitcoin genie is already out of the bottle.
    • facebook.com/bitcoinforum
    • flickr.com/bitcoinforum
    • bitcoinforum.livejournal.com
    • reddit.com/user/bitcoinforum
    • stumbleupon.com/stumbler/bitcoinforum
    • bitcoinforum.tumblr.com
    • twitter.com/bitcoinforumcom
    • bitcoinforum.wordpress.com
    • View Profile
    • bitcoinforum.com
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
Latest stable Bitcoin version
Latest stable Electrum version


 

thebitcointrader.com: A Second Look at OKPAY,Bitcoin's Largest Payment Processor

Started by bitcoinforum.com

Replies: 2
Views: 4051
Last post April 02, 2013, 11:47:56 PM
by nawanst
BitPay is more cost-effective than all major online payment processor

Started by bitcoinforum.com

Replies: 2
Views: 2456
Last post April 20, 2013, 12:13:56 AM
by eidodxyz
Litecoin, Bitcoin with Sandbox payment

Started by btcmerch

Replies: 1
Views: 4521
Last post December 05, 2013, 11:02:47 AM
by btcmerch
Bitcoin/Litecoin Payment As Paypal Alternative With Just 0.5% Transaction Charge

Started by btcmerch

Replies: 2
Views: 3906
Last post June 08, 2014, 01:55:29 PM
by Buy Bitcoins PayPal
GoUrl Crypto Bitcoin Payment Gateway / API

Started by crypto777

Replies: 0
Views: 3851
Last post October 29, 2014, 09:03:51 PM
by crypto777

your ads here