BitPay, a global bitcoin payment service provider headquartered in Atlanta, Georgia today announced that due to the Bitcoin network currently experiencing a period of rapid growth and seeing all - time highs in bitcoin transactions processed through BitPay they would be raising
their minimum invoice amount from $ 0.04 to $ 1.00 effective Thursday.
Companies such as Bitpay have reacted accordingly to protect their interests, raising
minimum invoice amounts to exclude sub - $ 1 transactions.
Not exact matches
We temporarily raised the
minimum BitPay
invoice amount to $ 100 to respond to current bitcoin network conditions.
Invoices can be due in up to 90 days and there are no monthly
minimum factoring
amounts.
To protect purchasers and to continue to offer service for Bitcoin payments, we are now requiring a new
invoice minimum payment
amount of $ 100 on all BitPay
invoices.
Notice no tools to eliminate.2
minimums [where if a lawyer spends any
amount of time he / she records a bill of at least 2/10 of an hour] or rounding errors (always up) that really fluff
invoice amounts.»
Complaining of the impact of fees on the company while SegWit remained unsupported, BitPay raised the
minimum amount for an
invoice payment to $ 100 in December before canceling the move after two days of user backlash.
«We do not have plans for further immediate changes to the
minimum BitPay
invoice amount.
«We do not have plans for further immediate changes to the
minimum BitPay
invoice amount,» the announcement continued.
Because Bitpay was initially charging a
minimum of $ 100 for
invoices idea put a damper on charities who are looking to accept payments less than that
amount.
To protect purchasers and to continue to offer service for Bitcoin payments, we are now requiring a new
invoice minimum payment
amount of $ 100 on all BitPay
invoices.