Introducing Bitcoin Cash (BCH) Settlements for BitPay Merchants
Since we started BitPay in 2011, we have worked hard to give merchants powerful tools for accepting blockchain payments from their customers. But part of our work is also providing our merchants with reliable bank settlements. BitPay merchants can get paid in their own local currency (USD, EUR, etc.) for all payments they accept, without the risk of digital currency price volatility.
Most businesses still do business in national currencies. But more are starting to hold and use digital currency, too, from making bill payments to managing their treasuries. That’s part of the reason why we have always offered BitPay merchants the option to receive settlement in the form of Bitcoin. Now we’re excited to announce the second digital currency settlement option for BitPay merchants: Bitcoin Cash.
Since our springtime launch of Bitcoin Cash payment processing, BitPay merchants have been able to accept Bitcoin Cash payments from customers alongside Bitcoin payments. Now they can get their settlement payments in Bitcoin Cash, too. We’ve been hard at work to deliver this new settlement option and close the payments loop for merchants serving Bitcoin Cash customers.
Want to receive settlements from BitPay in Bitcoin Cash or Bitcoin in addition to your supported fiat currency? Just follow these steps:
1. Go to your BitPay dashboard and select Settings, then Settlement.
2. Once you do that, just click Edit next to Cryptocurrency Address.
3. Add your wallet address for either Bitcoin (BTC) or Bitcoin Cash (BCH). And if you need a wallet, check out BitPay's!
We’re excited to continue our work to make the BitPay platform the best way to accept blockchain payments — and to accept payments, period. We’re listening closely to your feedback about what you’d like to see next.
Have feedback or questions? Please send us a message or tweet at us! And subscribe to the BitPay blog so we can let you know about new BitPay tools you can use.
Originally published at blog.bitpay.com on August 29, 2018.
