BitPay is the leading payment service provider (PSP) specializing in the peer-to-peer virtual currency Bitcoin which provides for instantaneous transactions from anywhere in the world with no risk of fraud or chargebacks.

Using BitPay enables merchants to easily accept bitcoins for payment just like with Visa, Mastercard, Paypal or cash. Merchants can choose what percentage of revenues are kept in bitcoins or converted to a fiat currency and direct deposited daily into their bank account. BitPay has eliminated processing fees, offering a freemium model with a basic plan for accepting bitcoin for free.

Accepting Bitcoins for payments and having BitPay process the transactions differs from credit or debit cards in several major ways. For example, (1) Bitcoins are instantaneous and irreversible so there can be no chargebacks without the merchant's consent, (2) payments can be made anywhere there is an Internet connection so there are no geographic limits imposed on where payments can be accepted from, (3) there is no personal information included with the payment so there is neither risk of identity theft for customers nor PCI compliance costs for merchants and (4) it's free.

Company Growth (employees)
Atlanta, US
Size (employees)
44 (est)+3%
BitPay was founded in 2011 and is headquartered in Atlanta, US

Key People at BitPay

Stephen Pair

Stephen Pair

Co-Founder & CEO
Bryan Krohn

Bryan Krohn

Antonio Gallippi

Antonio Gallippi

Co-Founder & Executive Chairman
Tim Byun

Tim Byun

Chief Compliance Officer

BitPay Office Locations

BitPay has offices in Atlanta, Amsterdam, Buenos Aires
Atlanta, US
Buenos Aires, AR
Amsterdam, NL

BitPay Metrics

BitPay Summary

Founding Date


Total Funding

$32.5 m

Latest funding size

$30 m

Time since last funding

almost 3 years


We estimate that BitPay's latest funding round in May 2014 was $30 m. In total, BitPay has raised $32.5 m
We estimate that BitPay's current employees are approximately 9% female and 91% male.

BitPay Online Presence

BitPay News

BitPay Company Life

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