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BitPay announces free-of-charge bitcoin processing for merchants

Digital currency firm BitPay has announced a new pricing plan which offers basic payment processing free-of-charge, forever.

July 30, 2014

Digital currency firm BitPay has announced a new pricing plan which offers basic payment processing free-of-charge, forever. With the new pricing plan, BitPay says it is lowering the barrier to entry for businesses who want to accept bitcoins for goods and services.

“We have set a goal to enroll one million merchants by the end of 2016,” said Tony Gallippi, BitPay’s co-founder and executive chairman. “When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about Bitcoin.”

BitPay’s said its free processing allows merchants unlimited use of any plugin, API or app from BitPay’s library and grants them access to BitPay’s email support. BitPay will continue to offer its Business and Enterprise plans for customers that need additional products and support services.