25 Mar '13, 4pm

BitPay, Reaching a $2M Milestone in March, Cuts Fees via @payments_source #bitcoin #payments @bitpay

Bitcoin payment processor BitPay Inc. today announced its global processing volume for the month of March will exceed $2 million, a milestone for the company. BitPay is also reducing its fees. The company will now process Bitcoin transactions and support settlement into 11 local currencies at a rate of 0.99% for all merchants. Previously, there were separate conversion fees on top of the 0.99% processing fee, so the company has essentially waived the currency conversion charges. Bitcoin payments are designed to resemble cash transactions more than credit-card transactions. Bitcoin payments have no disallowed merchant category codes (MCCs), no selective payment embargoes, no chargebacks and near immediacy of final transaction confirmation. Accepting the digital Bitcoin currency as a payment method allows merchants to reach customers in over 60 countries not supported by Pay...

Full article: http://www.paymentssource.com/news/bitpay-reaching-2m-mil...

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