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Bitpay Changes Way You Pay for Things with BTC Starting Today

CoinGuyCoinGuy Administrator
edited January 2018 in Business And Bitcoin
Just a heads up. I went to pay something with Bitpay today and it's changed. Here is how it works now:

The price of bitcoin is always changing. To prevent those price changes from hurting our merchants or users, BitPay requires transactions to be sent within fifteen minutes.

Most bitcoin exchanges cannot send a payment that quickly. As a result, the payment can arrive late and need to be refunded. This will cost you time and money.

Many bitcoin wallets do not fully support payment protocol. These non-payment protocol wallets make it too easy to send the incorrect amount or your bitcoin to the wrong place. For that reason, BitPay now requires all payments to be made with a payment protocol compatible bitcoin wallet.

BitPay recommends using a bitcoin wallet that you can trust to successfully use for bitcoin payments. Below is a list of reliable bitcoin wallets:
  • BitPay Wallet
  • Copay Wallet
  • Mycelium Wallet
  • Electrum Wallet
  • Bitcoin Core Wallet
If your wallet is not on this list, it may fail to work with BitPay.

More info
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