Bitpay

Founded in 2011 and based in Atlanta, Georgia, BitPay is one of the oldest and largest cryptocurrency payment processors, giving merchants a way to invoice customers in crypto while settling into everyday money. A store creates a BitPay invoice for a purchase, the shopper pays from a compatible wallet, and BitPay locks in the exchange rate for a short window so neither side is exposed to price swings during the minutes it takes the blockchain to confirm the transaction.

Beyond Bitcoin and Bitcoin Cash, BitPay invoices accept a growing list of assets, including Ethereum, Litecoin, Dogecoin, XRP, Solana, several Ethereum layer-2 networks, and major stablecoins such as USDC and USDT, though the exact options a shopper sees depend on their location. Merchants can receive settlement as fiat in their bank account, keep part of the payment in crypto, or split it between the two, and BitPay charges a percentage-based processing fee that scales down with invoice volume.

The company also runs a separate consumer wallet app for buying, holding, and spending crypto, and has offered a linked prepaid card that turns a crypto balance into spendable dollars, though new card sign-ups have been paused during a transition to a new banking partner. As a registered money services business holding a New York BitLicense, BitPay operates under the same regulatory oversight as traditional payment firms, unlike many smaller processors or a typical exchange. Because blockchain payments cannot be reversed the way card payments can, merchants avoid chargeback fraud but must issue refunds manually through BitPay's dashboard.