BitPay is one of the oldest crypto payment processors, enabling merchants to accept Bitcoin and other crypto with settlement in crypto or fiat, alongside a self-custody wallet and a prepaid card. It is payments infrastructure, not an exchange.
Key Facts
| Item | Details |
|---|---|
| Type | Crypto payment processor |
| Founded | 2011 |
| Extras | Wallet, prepaid card |
| Settlement | Crypto or fiat |
| Trading | Not an exchange |
Pros & Cons
Pros
- Veteran merchant crypto payments
- Settlement in crypto or fiat
- Wallet & card
- Established brand
Cons
- Merchant-focused
- Fees for conversion
- No public market-data API
Summary
BitPay is a long-running crypto payments processor for merchants, with a wallet and card. Payments infrastructure, not a trading venue.