Shop.com now accepts Bitcoin payments after partnership with BitPay

Published at: Sept. 3, 2021

United States-based e-commerce platform Shop.com is the latest site to adopt cryptocurrency payments. 

The company, which is owned by Market America, announced its partnership with crypto payment service provider BitPay, which will allow it to accept payments in several cryptocurrencies, including Bitcoin (BTC).

The new partnership enables Shop.com users to select the BitPay option during checkout to pay via their crypto wallets. Currently, users have the option to pay with Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE) and Litecoin (LTC), as well as five U.S. dollar-pegged stablecoins.

Describing the partnership as the next chapter in doing business, Shop.com president and chief operating officer Steve Ashley said that the BitPay integration is available in all the countries in which Market America operates, including the United States, Canada, Australia, Hong Kong, Taiwan, the United Kingdom, Singapore and Malaysia.

Related: BitPay wallet integrates 1inch Network DEX aggregator

BitPay is used by companies that usually deal with fiat currencies to act as a gateway for crypto payments. Businesses such as Las Vegas Auto Gallery and American luxury hotels The Kessler Collection signed a deal with BitPay to accept Bitcoin payments.

A recent study by the crypto payments provider revealed that both crypto holders and non-owners show clear interest in crypto payments.

As Cointelegraph reported, as many as 93% of responding crypto users indicated that they would consider making purchases in crypto in the future, while 59% of consumers who have never held crypto are interested in using it to make purchases.

Tags
Bitcoin
Business
Payments
Partnership
Bitpay
Related Posts
Verifone to enable crypto payments at major retailers through BitPay
Crypto payments are becoming increasingly popular as Bitcoin (BTC) and other digital assets continue to go mainstream. This has become the case for both crypto holders and non-crypto owners who are primarily interested in the concept of using cryptocurrencies for payments. Recent data has found that 93% of crypto users surveyed would consider making purchases in crypto. The report further revealed that 59% of consumers who don’t hold crypto would be interested in using it to make purchases in the future. As such, it shouldn’t come as a surprise that major payment providers like Mastercard have been ramping up their …
Adoption / Sept. 28, 2021
BitPay launches mass crypto payments for businesses
Crypto payment services provider BitPay has launched BitPay Send, a new blockchain-powered mass-payout platform for businesses. BitPay Send allows organizations who do not want to handle or own crypto themselves to process crypto payments en masse. It can be used to complete payroll payments, pay contractors or affiliates, and process customer cashback and rewards programs. Available in 225 countries, all recipients need to pass the Know Your Customer procedure and have a cryptocurrency wallet. BitPay claims the platform cuts processing time from days to minutes. The service has already been adopted by advertising platform AdGate Media in order to pay …
Technology / Nov. 13, 2020
AMC Theatres debuts online Bitcoin payments after months of teasing
American cinema giant AMC Theatres is finally adopting cryptocurrencies like Bitcoin (BTC) for online payments following months of teasing the new payment option. AMC CEO Adam Aron announced Thursday that the company now proudly accepts four major cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) for online payments. The new payment method already accounts for 14% of AMC’s total online transactions, Aron said, adding that cryptocurrencies join traditional payment options like Apple Pay, Google Pay and PayPal, the CEO wrote. Dogecoin (DOGE), a popular meme cryptocurrency that skyrocketed 9,000% over the past year, will be the next …
Adoption / Nov. 12, 2021
Bitcoin payments make a lot of sense for SMEs, but the risks still remain
The last six odd months have seen the cryptocurrency market witness an unparalleled amount of financial volatility, so much so that the total capitalization of this fast-maturing space has dropped from $3 trillion to approximately $1 trillion. This comes after the industry hit all-time highs across the board last November, with Bitcoin (BTC) reaching a price point of $69,000. Despite the previously stated volatility, a recent report shows that small to medium-sized enterprises (SMEs) across nine separate countries, Brazil, Canada, Germany, Hong Kong, Ireland, Russia, Singapore, United Arab Emirates and the United States, are extremely open to the idea of …
Adoption / June 24, 2022
How can UK-based businesses accept Bitcoin?
What are the pros and cons of accepting Bitcoin payments? Accepting Bitcoin payments is advantageous due to lower fees than credit and debit cards, expansion of customer base and real-time bank balances. However, risks like volatility and cybercrime may undermine these benefits. Cryptocurrency payments help save excessive credit and debit card processing fees as they are decentralized and do not need intermediaries to verify the transaction. Moreover, merchants do not incur overseas currency exchange changes if payments are made in BTC or other cryptocurrencies. High transaction speed is another benefit of accepting Bitcoin payments, allowing businesses to receive payments in …
Adoption / Dec. 5, 2022