bitcoin

bitcoin

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Dubbed the currency of the Internet, Bitcoin is a fast growing mode of payment around the world. Indeed, with zero transaction fees and anonymous payments, both customers and merchants are adopting the use of Bitcoin very rapidly. Due to its rapidly rising popularity, different bitcoin payment gateways have been established to allow merchants accept online bitcoin payments. However, not all Bitcoin merchant services are made equal and competing for the same customer segment. Some are only in testing stages, whereas some are already very established. Here are the top Bitcoin merchant services that are in operation and gaining traction (There is no ranking system here, just listing by region):

Asia Pacific

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CoinPip provide bitcoin merchant gateway services for Asia as well as for international customers. CoinPip has expanded to over 122 countries, and can convert bitcoins to 70 different regional currencies. The gateway provides merchants with the facility to convert bitcoins to currencies at the point of transaction is made and can wire theirs funds to their bank accounts. The CoinPip Gateway comes in the form of an app, which can be downloaded via Google Play, and also as a simple javascript that can be copied into any website to process online bitcoin transactions. CoinPip accepts payments via any type of QR-code based bitcoin wallets as well as SMS bitcoin wallets.

bitpos.me

 

 

Located in Australia, Bitpos is a Bitcoin merchant provider that helps shop owners and chain stores alike accept Bitcoin payments.

artabit

 

 

Launched in June, 2013, Artabit allows users to buy and sell Bitcoins in exchange for Indonesian rupiah (IDR). The Indonesian diaspora can also transfer funds into Indonesia using Bitcoin network.

United States

Most US-based bitcoin merchant services today do not do overseas transactions, except for bitpay, which has expanded to both Europe, South America and some part of Asia.

bitpay

 

Founded in 2011, Bitpay is the largest Bitcoin payment service provider, based in the US. Bitpay allows the merchants mitigate the risk of Bitcoin price volatility by allowing them to accept and immediately convert Bitcoins to the currency of their choice. With Bitpay, American employees can elect to have a part or all of their salary paid in Bitcoin.

coinbase

Coinbase offers an online wallet service for storing, sending and receiving Bitcoins. In addition, users can sell and buy Bitcoins for US dollars at the current market rate using their United States bank account. Buying or selling through Coinbase, however, attracts a fee of about 1% of the value of the transaction. Coinbase enables businesses to accept Bitcoin payments online. (Update: Coinbase has just announced that they will be operating the buying and selling of bitcoin in 13 countries in Europe).

gocoin

GoCoin accommodates Bitcoin and other popular altcoins such as dogecoin and litecoin. The company gives the customers the convenience of choice; that is, customers can decide to keep the coins or exchange them to their preferred currency. GoCoin charges a 1% fee. Gocoin focuses on online merchants.

blockchain.info

Blockchain provides its users a free online Bitcoin wallet called My Wallet. The wallet allows users to make worldwide payments for free. Blockchain also provides an API for developers to access data about the company. As of January 2014, the site had over a million registered users. Blockchain does not do wire transfers. They help merchants calculate how much bitcoins required for that currency.

Europe

bips

BIPS is a Bitcoin payment gateway that allows its users to accept online Bitcoin payments, point of sale and recurring billing. BIPS also delivers near field communication (NFC) to make secure Bitcoin payments fast and convenient. The provider runs a 0% payment processing fees as it hopes to earn profit by the conversion spread.

Africa

payfast

PayFast enables its sellers to accept Bitcoin payments from local and international buyers. However, although buyers can make a Bitcoin payment, sellers only receive South African local currency (rand, or ZAR) in their PayFast accounts.

If you think we may have missed an important bitcoin payment processor, please write in the comments below.

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  • Daniel

    September 11, 2014 • Reply

    Thanks for the interesting article. I think you forgot to mention Yellow (www.yellowpay.co) they're a bitcoin payments and merchant services startup focused on the Middle East. I can put you in touch with them. They're amazing!

    • CoinPip

      CoinPip

      September 11, 2014 • Reply

      Hi Daniel,

      Please put us in touch with them. You can send a message via our zopim chat on our website.

      CoinPip Team.

  • useful

    September 16, 2014 • Reply

    Hi to all, how is the whole thing, I think every one is getting more
    from this web site, and your views are nice in favor of new visitors.


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