22 Jan '13, 2pm

BitPay Surpasses 10000 Bitcoin Merchant Transactions, Zero Cases of Payment ... - MarketWatch (press release)

BitPay Surpasses 10000 Bitcoin Merchant Transactions, Zero Cases of Payment ... - MarketWatch (press release)

ATLANTA, Jan 22, 2013 (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. 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...

Full article: http://www.marketwatch.com/story/bitpay-surpasses-10000-b...

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BitPay Surpasses 10,000 Bitcoin Merchant Transa...

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