Advice and answers from the BitPay Team

Settlement payments for Business and Enterprise merchants happen automatically, every business day. BitPay collects and deposits all payments processed from the previous business day directly to your bank or bitcoin wallet, according to your settlement preferences. BitPay issues bank settlements for Starter plan merchants on a weekly basis.

We protect merchants on our platform by maintaining enterprise-level legal and compliance standards. Tiered approved processing limits apply based on verification level; these limits can be raised through compliance verification in your BitPay merchant account under "Settings" > "Approved Volume."

Settlement Currencies

BitPay supports settlement in 9 currencies and direct bank deposit in 38 countries.

  • AUD - Australian Dollars
  • BTC - Bitcoin
  • EUR - Euros
  • GBP - Pounds Sterling
  • MXN - Mexican Pesos
  • NZD - New Zealand Dollar
  • USD - US Dollars
  • ZAR - South African Rand

US Dollars (USD)

Settlement in USD is available via ACH to banks in the USA, and will appear in your bank account after two business days. The minimum settlement is 20 USD.

Euros (EUR)

Settlement in EUR is available via SEPA transfer to the following countries:

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Malta
  • Monaco
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland

Settlement will appear in your bank account after one business day. The minimum settlement is 20 EUR.

Australian Dollars (AUD)

The minimum settlement is 1,000 AUD. Settlement will appear in your bank account after two business days.

Pounds Sterling (GBP)

The minimum settlement is 1,000 GBP. Settlement will appear in your bank account after two business days.

Mexican Pesos (MXN)

The minimum settlement is 1,500 MXN. Settlement will appear in your bank account after two business days.

New Zealand Dollar (NZD)

The minimum settlement is 1,000 NZD. Settlement will appear in your bank account after two business days.

South African Rand (ZAR)

The minimum settlement is 10,000 ZAR. Settlement will appear in your bank account after two business days.

Bitcoin (BTC)

If you choose to take settlement in bitcoin, BitPay will forward bitcoin payments to your bitcoin address on file. The minimum settlement is 0.01 BTC.

Bitcoin Split

Many merchants choose to take a percentage of their settlement in bitcoin. This can be done by taking a Bitcoin Split. You can choose to take any percentage- or all of it- in bitcoin. You can set up a bitcoin split in your Settlement settings. Settlement is paid to your bitcoin address on file.

Did this answer your question?