BitPay offers new pricing plans for bitcoin payment processing

Bitcoin payment processor BitPay has announced three new pricing plans ranging from $30 per month to £3,000 per month.

AccessTimeIconOct 8, 2013 at 12:24 p.m. UTC
Updated Sep 10, 2021 at 11:36 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Bitcoin payment processor BitPay has announced three new pricing plans ranging from $30 per month to £3,000 per month.

All of the plans come with 0% transaction fees and will be available from November, with the cheapest - the Professional plan – costing $30 per month. This can be used on one domain and offers "easy" eCommerce tools, retail POS tools, 20 shopping cart plugins, daily bank deposits to 30 countries and email support.

The Business plan costs $300 per month and can be used on three domains. It comes with all the features of the Professional package, plus it enables users to import sales data into QuickBooks, offers unlimited daily processing and also features phone support.

At $3,000 per month, the Enterprise package comes with all the features of the Business package, plus users will have a dedicated account manager, VPN access for fastest performance, priority phone and email support and it can be used on an unlimited number of domains.

 BitPay's new pricing packages
BitPay's new pricing packages

Tony Gallippi, CEO at BitPay, explained why the company decided to introduce the new pricing options: "BitPay is going after the SaaS (software as a service) model that is popular in other industries today and bringing this model to the payment processing space."

He went on to say the new pricing plans mean merchants are only charged for the features they need and don't get stung with transaction fees.

The company still offers a Starter package, which has no monthly cost, but comes with a 1% transaction fee.

Gallippi said BitPay and other companies within the bitcoin space are moving on from last week's Silk Road scandal and suggested the closure of the black market website could be positive for digital currency.

"The bitcoin industry has been making positive contributions for years, but these have been overshadowed by Silk Road. Now, there's room for other vendors to get their positive news out," he explained.

Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in Bullish Group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.