BitPay has nailed several partnerships with payments companies from around the globe. During the first half of 2015, the company has signed deals with PSPs Payfirma, Sonic Payments, BillPro, Kadu, OpenPay, and Ixopay. These payments companies are based on three continents and, in total, serve more than 100 countries.
BitPay’s recent partnerships have made it easier for thousands of companies to implement a bitcoin payment method directly through their PSP, without needing a separate solution. During the last two quarters, BitPay has seen interest in bitcoin increase exponentially from traditional payment companies. Some of BitPay’s recent partners have been happy to share why they feel bitcoin is such an important innovation for the payments industry.
Sonic Payments is a US-based payment processor that is revolutionizing the way property managers and landlords handle rent collections. In addition to supporting traditional payment methods like credit and debit cards, eChecks and ACH, Sonic has introduced all-new options, including the ability to pay rent with cash at major retail stores like 7-Eleven, Dollar General and CVS.
BillPro is one of Australia’s largest payment processors, whose management team has over 25 years of experience in the financial services industry, with merchants ranging in location from Australia, Europe, and Asia.
Ixopay is a distributing PSP in Europe and provides an all-in-one gateway solution for credit card and alternative payment methods around the world. With offices in Vienna, Los Angeles, and Orlando, IxoPay has access to a vast network of payment methods, acquirers, and service providers.
BitPay’s expansion within the payments industry began with their existing partnerships with large players including PayPal and Neteller. Sonny Singh, Chief Commercial Officer of BitPay attributes the growth to a global interest in bitcoin.
BitPay has raised over $32 million from top investors including Index Ventures, Founders Fund, and Sir Richard Branson.
For data, background and forecasts on BitPay: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).