NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

BitPay Introduces New Pricing Plan: Free, Unlimited, Forever

newsbtc
newsbtc
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Atlanta, Georgia-based bitcoin is taking a huge step forward in making it easy for merchants to sign up with their payment processing service.

Today, the company has announced a new pricing plan, or we should probably say the lack thereof. BitPay’s going partially free.

Basic payment processing will cost merchants nothing, no matter how many transactions they handle. And this isn’t a one-time/limited-time promotion. BitPay says it’s the model they’re going with from now on.

By doing so, BitPay is effectively obliterating the barrier to entry for new merchants. They currently offer merchants the ability to subscribe to Professional, Business, and Enterprise levels by paying a flat-rate fee every month.

The idea, the company Executive Chairman Tony Gallippi says, is to bring plenty of new merchants aboard.

“We have set a goal to enroll one million merchants by the end of 2016,” Gallippi remarked. “When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin.”

The free plan will also provide merchants with unlimited access to the BitPay API, plugins, or apps from the BitPay library. For those who require additional services and support options, the Business and Enterprise plans will remain.

“It’s a freemium model,” Gallippi reiterated to NEWSBTC. “The basic BitPay payment processing plan is free. We offer premium services and can add more in the future. We think this has the potential to change interchange fees by giving merchants around the world relief from these high fees.”

By comparison, one of BitPay’s biggest competitors here in the United States, Coinbase, offers a no-fee processing service for the first $1 million in bitcoin revenue. After that, a one percent fee is charged upon conversion from bitcoin to local currency.

Overall, a very interesting development today, we think.

BitPay has seemingly been at the forefront of bitcoin adoption in the industry, which many would agree is a fantastic thing. Now we wait and see how many new merchants take advantage of their offering.

What do you think of BitPay’s new model?

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 3

  1. Bitcoin Error Log says:
    11 years ago

    I think they should clarify the “mium” in freemium.

    Reply
  2. Guestmium says:
    11 years ago

    Ok, so the price the customer pays is slightly marked up (price of their bitcoin slightly devalued) so that the fees are covered. A bit dishonest to call it ‘free’, but oh well.

    Reply
  3. Brian Crain says:
    11 years ago

    BitPay simply realized that with high competition, marginal cost of processing payments of basically zero and great ease of switching payment processors, prices were going to zero in the medium term anyway. Freemium model with paid support makes total sense. Of course, the other question is if in the long run this can turn into a highly profitable business. I’m not so sure. Doesn’t seem you could build a PayPal-sized business this way, but perhaps that’s just not something that will happen at all in an open system like Bitcoin…

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 3

  1. Bitcoin Error Log says:
    11 years ago

    I think they should clarify the “mium” in freemium.

    Reply
  2. Guestmium says:
    11 years ago

    Ok, so the price the customer pays is slightly marked up (price of their bitcoin slightly devalued) so that the fees are covered. A bit dishonest to call it ‘free’, but oh well.

    Reply
  3. Brian Crain says:
    11 years ago

    BitPay simply realized that with high competition, marginal cost of processing payments of basically zero and great ease of switching payment processors, prices were going to zero in the medium term anyway. Freemium model with paid support makes total sense. Of course, the other question is if in the long run this can turn into a highly profitable business. I’m not so sure. Doesn’t seem you could build a PayPal-sized business this way, but perhaps that’s just not something that will happen at all in an open system like Bitcoin…

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

xrp price xrpusdt

XRP Price Brewing A Monster Rally? This Patter Might Hold The Key

As the crypto market moves sideways with low volatility on low timeframes, the XRP price trends to the upside. According...

James Halver 4 hours ago
스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

전 세계적으로 블록체인 기술과 디지털 자산에 대한 관심이 높아지면서 암호화폐 시장은 지금 이 순간에도 빠르게 진화하고 있다. 실용성 중심이든 밈 기반이든 투자자의 이목을 끌기 위한...

Soyeon Lee 5 hours ago

TOKEN6900強勢吸金:1周融資破20萬美元 無視市場邏輯再掀迷因熱潮

TOKEN6900 (T6900)對所有所謂的“基本面”嗤之以鼻,用行動證明它不靠基本面也能贏 —— 上線僅一周便籌集超20萬美元。 這款全新迷因幣根本不在乎新聞怎麼說,也不在乎圖表怎麼走。它唯一的信...

estherw 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm?

Rubmar Garcia 16 minutes ago

本月最值得關注的5枚迷因幣與預售項目—10倍潛力幣一覽

Mark Mak 1 hour ago
Dogecoin

Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

Keshav Verma 1 hour ago

Premium Sponsors

Press Releases

  • SWL Miner launches the best free cloud mining for BTC...

    44 minutes ago
  • Criptomoneda alternativă în trend față de Dogecoin (DOGE) care poate transforma 3.200 RON în 320.000 RON în 4 luni

    Criptomoneda alternativă în trend față de Dogecoin...

    1 hour ago
  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    10 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    10 hours ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.