BitPay Integrates Bitcoin with Fulfillment by Amazon.com

  BitPay Integrates Bitcoin with Fulfillment by Amazon.com

Business Wire

ATLANTA -- March 6, 2013

BitPay, the world’s leading payment processor for bitcoin payments, announces
that it has integrated its service with Amazon.com’s Fulfillment-by-Amazon
(FBA) web service. This is the first move into large-scale eCommerce for
companies wishing to accept payments over the bitcoin peer-to-peer payment
network.

Fulfillment-by-Amazon allows a seller with inventory in Amazon’s warehouses to
sell the items on the seller’s own website, and have Amazon fulfill and ship
the order. Products sold through FBA are eligible for Amazon Prime and FREE
Super Saver Shipping. The service from BitPay and Amazon is available to
Amazon sellers in the USA, UK, Germany, France, Italy, and Spain.

Coin Publishing LLC, the operators behind Bitcoin Magazine, have been using
this new feature from BitPay for several weeks now, and they are extremely
happy with the performance.

“Adding BitPay’s plugin to our webstore, which is based on WordPress, has
dramatically improved our logistics,” says Mihai Alisie, Editor-in-Chief of
Bitcoin Magazine. “When orders get paid through BitPay, Amazon’s servers are
automatically notified, and our admin screen is updated with the correct
status. PayPal does not offer the same service that BitPay can, so we have to
manually process any orders which are paid through PayPal.”

BitPay’s integration with Amazon currently works with WordPress.com, the
world’s most popular web publishing software, and WooCommerce, a comprehensive
eCommerce platform for WordPress. BitPay plans to add the Amazon integration
into other shopping cart platforms in the near future.

BitPay recently added to their seed round of funding and is currently hiring
software engineers and sales staff for its Atlanta headquarters, located in
the Atlanta Tech Village.

BitPay was started by Tony Gallippi and Stephen Pair in 2011. The company has
developed a suite of software tools that allow businesses to collect payments
over the bitcoin peer-to-peer payment network. Using BitPay, a business can
accept a payment from any country on earth, instantly, with zero risk of
fraud. BitPay also offers the added convenience of having the bitcoins
automatically converted to a merchant’s local currency, such as dollars or
euros, and direct deposited into their bank account with a guaranteed exchange
rate.

About BitPay

BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B, and
enterprise solutions for virtual currencies. Visit https://bitpay.com.

Contact:

BitPay
Jan Jahosky, 407-331-4699
jan@bitpay.com
 
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