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SKYBLOCK BAZAAR SURPASSES 10,000 MERCHANTS

BitPay Inc, one of Bitcoin’s lead payment processing companies, has just announced that it has surpassed 10,000 merchants. BitPay now provides services to merchants in 164 countries with approximately 50 in North America, 25 in Europe, and 25 in the rest of the World.

 

During the month of August, BitPay processed over 10,000 transactions reaching a total value of over $6.4 million. As Bitcoin is becoming more mainstream many merchants are looking for expedient ways to sell products for BTC and BitPay is on the radar. With a Year-to-date in 2013 of over $34 million worth of bitcoins, a variety of merchants ranging from large companies such as Gyft to small mom and pop brick and mortar vendors are using BitPay’s platform.

 

BitPay’s latest development provides merchants using the popular Quickbooks small business accounting software an opportunity to import BitPay sales.

 

BitPay published the following press release:

 

BitPay Surpasses 10,000 Bitcoin Accepting Merchants

 

Adds Support for Quickbooks Import of Bitcoin Sales

 

BitPay Inc, the world leader in business solutions for virtual currencies, announces it has over 10,000 approved merchants in 164 countries using its service to accept bitcoin payments. This milestone was reached almost exactly one year after the company approved its 1,000th merchant.

 

The merchants in BitPay’s directory are diverse internationally, with approximately 50 located in North America, 25 in Europe, and 25 in the rest of the world. E-commerce merchants account for over 90 of the business, including consumer electronics, precious metals and IT services. Bitcoin lowers the risk and cost of accepting payments in a card not-present situation, such as eCommerce. Learn more about SKYBLOCK BAZAAR

 

BitPay’s merchant service continues to expand its feature set at a rapid pace. Merchants using the popular Quickbooks small business accounting software can now download and import their BitPay sales into Quickbooks.

 

“Our merchants are thrilled with this ability to import into Quickbooks,” says BitPay CFO Bryan Krohn. “It makes reporting their bitcoin sales just as frictionless as the payment itself.”

 

The month of August was another record month for BitPay, processing over 10,000 merchant transactions worth over $6.4 million. Year-to-date in 2013, over $34 million worth of bitcoins have been spent on goods and services through merchants using BitPay’s platform.

 

BitPay’s story is unique in the startup space. Founded by two graduates of Georgia Tech, the company built a working product, acquired customers, and achieved profitability with only the two founders.

 

 

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