What is Bitandpay and what do they do?
Bitandpay is a payment service provider that specializes in facilitating cryptocurrency transactions. It offers a range of payment processing solutions designed to assist merchants in accepting, managing, and converting cryptocurrencies into fiat currency. By leveraging blockchain technology, Bitandpay aims to streamline the payment process, reduce transaction costs, and provide a more agile solution for businesses looking to expand their payment options.
Bitandpay’s core services include:
- Merchant accounts for cryptocurrency payments
- Crypto-to-fiat conversion services
- Integration with e-commerce platforms
- Payment buttons for websites
- API access for more customized solutions
These services enable businesses to tap into the growing market of cryptocurrency users, giving them the flexibility and tools necessary to thrive in a competitive environment.
Who is it for?
Bitandpay primarily serves online retailers, e-commerce platforms, and service providers who are keen to integrate cryptocurrency payments into their offerings. While it has an international focus, it is particularly prominent in industries that benefit from fast, secure, and low-cost transactions. This includes tech-related sectors, gaming, travel, and digital goods. Different types of businesses looking to adopt cryptocurrency as a payment method, ranging from small start-ups to established corporations, can utilize Bitandpay’s services to enhance their payment processing capabilities.
Why do businesses choose Bitandpay?
Businesses opt for Bitandpay due to several verified strengths and benefits this payment provider offers:
- Seamless integration: Bitandpay supports a variety of e-commerce platforms and can be integrated quickly into existing systems.
- Multiple cryptocurrency support: It allows merchants to accept various cryptocurrencies, thereby catering to a wider audience.
- Low transaction fees: Competitive pricing models can result in cost savings for businesses, making it an economically viable option.
- User-friendly interfaces: Both merchants and consumers benefit from intuitive interfaces that simplify transactions and improve user experience.
- Real-time transaction processing: Payments are processed instantly, which enhances cash flow for businesses.
Businesses using Corefy can simply obtain a MID from Bitandpay and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.
Is Bitandpay trustworthy?
Bitandpay complies with international regulations and standards, ensuring the legality and security of its operations. They implement robust security measures to protect transaction data and user information, including encryption protocols and fraud detection systems. Information about specific licensing or compliance initiatives may vary; however, Bitandpay’s commitment to maintaining a secure platform adheres to industry best practices. This focus on security and compliance fosters a trustworthy environment for businesses and customers alike.
How to start using Corefy’s Bitandpay integration
Connect Bitandpay via Corefy and manage it alongside other payment providers. Apply routing rules, monitor performance, and centralise reporting without building or maintaining a separate integration.
- Step 2
Connect merchant account
Add Bitandpay account details and credentials in Corefy’s dashboard to establish a secure connection. - Step 3
Set up routing rules
Define routing rules and logic to optimise transactions processed through Bitandpay and other PSPs. - Step 4
Go live and monitor performance
Run test transactions, go live, and track your payment performance.
Methods
Supported payment and payout methods available via this connector.
Payments
4Payouts
1Currencies
Currencies available for processing through this connector.
Flows
Supported transaction flows available via this connector.
Features
Functional capabilities supported across available flows.