What is Bitpay.com? Is there a better alternative in the market? In today’s review, I will be helping you unravel what Bitpay has to offer, in a bid to see whether it is one to bank on or one to simply stay away from. Below are some of the major highlights that will guide our discussion throughout the review:
- What is BitPay.com?
- Getting Started with BitPay
- What the CoPay wallet offers
- The BitPay Wallet- Does it have anything unique to it?
- What is offered by the BitPay Visa Card?
- The Fees on BitPay
- Is BitPay Legit or is it A Scam?
- Pros and Cons
Name of the platform: Bitpay.com
Official Website URL: https://bitpay.com/
Overall Rating: 
(3.5 / 5)
Recommended: Not recommended
P.S.
What is Bitpay.com?
BitPay.com is a crypto payment platform that’s all the Light of Day back in 2011. It is the brainchild of Tony Gallippi. Bitpay is based in Atlanta Georgia but has managed to spread its roots to the rest of the world gradually. With this platform vendors and merchants have easy access through a mobile checkout process through which their clients can pay for the products and services that they purchase. as a Merchant or vendor who wants to accept crypto payments, this could be a suitable payment processor for you.
About three years after being launched, BitPay had gained popularity to the extent that it was handling more than 1 million US Dollars on a daily basis. Some reports actually indicate that this platform is the largest crypto payment processor which deals with Bitcoin. This company has taken steps towards building meaningful partnerships to increase its client base. Some of the companies it has partnered with include: WordPress PayPal Microsoft, and NewEgg.
Getting Started with BitPay
Accessing this platform is quite easy and convenient. its owners have made it in such a way that all you have to do is to create an account log in and then you can begin accessing the features offered. As a merchant or vendor, you will find this particularly useful when you need to accept bitcoin payments conveniently.
Upon creating your business account, Bitpay will Grant you the ability to even accept the bank deposits that customers make in your local currency. All you need to do is to fill out the registration form in the rain official website by submitting both your personal and business details. Upon doing this the account will proceed to the verification stage after which you can own the Bitpay Visa Card along with a wallet. The card will be very beneficial to you at the time you need to make payments or accept money from your clients.
What the CoPay wallet offers
Bitpay has a free wallet known as CoPay, which anyone who wants to use bitcoin and bitcoin cash can rely on. The wallet is used to store digital currency in a safe and secure manner. This wallet happens to be open source as well as hierarchical deterministic (HD). HD wallets are well-known for topnotch security, in the way they generate keys that are essentially hard to guess. This makes it harder for even the very complicated hacking systems to get their way to CoPay’s users’ money.
This wallet is multi-signature and can be accessed across various devices by multiple users. as a business owner, you can access your wallet on Android Linux Windows iOS and Mac OS. unfortunately is a standalone app, that barely processes any of BitPay’s unique functionalities.
The BitPay Wallet- Does it have anything unique to it? 
BitPay launched this wallet in 2016. It actually rests on top of the already popular CoPay wallet without taking after its functionalities. If you have used CoPay, then you will have an easy time navigating through the BitPay wallet. BitPay Wallet, however, comes up as the better option of the two in that it allows for integration with the BitPay payment platform as a whole.
The BitPay Wallet enables you to convert currencies or to pay for products and services using Bitcoin. Some of the features that are absent in the CoPay wallet are present here, thus it has better functionality. you can for instance buy Bitcoin via Gildera, thus eliminating the need to store your Bitcoin in any other exchange wallet. With your BitPay Wallet, it is easy for you to manage the funds in your BitPay Visa Card. it is possible to load your visa card directly from the wallet’s menu. The good thing is that if you are using bitcoin then you will not get charged for such a transaction.
What is offered by the BitPay Visa Card?
BitPay Visa was released in 2016, just like BitPay Wallet. At the time it was being released, it had the backing of the well-known company known as Wave Crest. Unfortunately due to conflict with Visa, Wave Crest had to pave way for Metropolitan Commercial Bank.
The BitPay Visa Card, one can complete transactions at a POS register, make Bitcoin withdrawals from ATMs and receive corresponding cash equivalents. remember you have to use the BitPay wallet to load your BitPay Visa card before you can go out there to execute any form of transaction.
The Fees on BitPay
BitPay’s Objective is to lower the transaction fees to a level that outdoes the competition. Fortunately enough, the transactions are based on cryptocurrencies that it is possible to have low fees without the company running into losses. only the high-risk businesses are charged a fee of 1% to facilitate transactions. when you pay this fee you can expect to receive the following services:
- Support through email
- Billing features
- Basic e-commerce tools
- Access for multiple users
There are usually no charges for terminating your account.
If you decide to use the BitPay Visa Card, you will incur the following charges:
- withdrawing at ATMs- $2
- ACH debits – $5 per transaction
Is BitPay Legit or is it A Scam? 
So far, I do not think that BitPay is a scam. It has been around since 2011 and has been serving quite a large number of people. The platform boasts of low-fee and fast transactions, which is good news to merchants and vendors. Most people who are tired of getting charged very high transaction fees have actually taken a step to create BitPay.com accounts.
I took a look at the nature of the service offered by the support staff, however, and you noticed that there are quite a number of unresolved issues. Just by looking at the complaints lodged by customers on Trustpilot, you can tell that customer service is really wanting. at times it does not matter if the service listings are impressive- customer service is everything. I will therefore not highly recommend this platform, so you can go ahead and give it a try and see if it actually works for you. Make sure that you read all the terms and conditions, just to be on the safe side.
P.S.
==> See my #1 Recommended Alternative to BitPay instead on this page <==
Pros and Cons
It might be wise to compare the positives against the negatives to get a better overall view of something, right? As always in our reviews we highlight some clear points on both sides of the spectrum:
Pros
- Offers low fees for transactions
- Has the BitPay Wallet and CoPay Wallet.
- It is a great option for merchants and vendors
- It is safe and secure
Cons 
- Poor customer service
Final words and verdict:
Verdict: Legit
Overall rating : (3.5 / 5)
BitPay’s services in the crypto industry are definitely needed. There needs to be a platform such as BitPay that is helping merchants and vendors get paid with BTC easily. As much as BitPay processed payments in excess of $2.8 Billion, there seems to be some outstanding issue with the customer service staff not attending to clients’ problems. If you trust that your concerns may get attended to, then you can give it a try. If you don’t want to risk running into problems and getting no help, then you can use my recommended alternative:
My #1 Recommended Alternative to BitPay (Get your free Crypto ATM Card + $50 Worth of FREE cryptos)
That’s pretty much all you need to know about BitPay. Have you used this platform in the past and would like to share your thoughts? Feel free to do so in the comments section. Meanwhile, you can also have a look at my number one recommended alternative to BitPay just to see if it is one that you can rely on in the future.
Your Friend,
Eric, investor, and team member on Gold Retired!
Leave a Reply