Last updated on October 8th, 2013 at 09:47 am
The leading payment processor BitPay is announcing the launching of three new all-inclusive pricing plans based on value and features, not in transaction fees. According to a press release, from November, the merchants working with the platform will be able to choose a plan with the feature sets they need, which will allow them to process an unlimited number of orders with no transaction fees. All they have to do is make a monthly payment and that’s it.
“No merchant service riding on the traditional interchange rails can offer all-inclusive pricing because there are three or four middlemen who want a cut of every transaction. Some processors tease with flat-rate pricing, but there are many hidden fees and limitations that make flat-rate offers an illusion”, explains BitPay co-founder and CEO Tony Gallippi.
With this new feature, BitPay is offering a strong value proposition for small businesses, which will be 100 times cheaper than Square, the most popular flat-rate offering in the credit card space.
BitPay’s all-inclusive plans are entitled Professional, Business and Enterprise and you can know more about them here. The Professional plan is the cheaper, starting as low as $30 per month and providing access to 20 shopping cart plugins, sample code libraries, client billing tools and a Bitcoin payment gateway API. The two premium plans also include priority telephone support and VPN access for highest performance.
“Merchants choosing to accept Bitcoin in their business are quickly recognizing the tremendous value that BitPay brings. Merchants using the top ecommerce platforms like Magento, Drupal, and WordPress can install one of BitPay’s plugins and be accepting Bitcoin without writing any programming code“, adds the press release.
From now on, merchants that are shipping products can automate their sales with FulFillment by Amazon, in order to easily ship to 60 countries. Besides, merchants using the popular QuickBooks small business accounting package can easily download and reconcile their Bitcoin sales.