BitPay Merchants receive automatic settlement payments every business day in their chosen supported settlement currencies. All cryptocurrency settlements are processed daily. BitPay collects and deposits all payments from the previous business day based on your settlement preferences.
To initiate settlement, your account balance must exceed the minimum settlement amount. Details on settlement options and minimums are available on the Banking & Settlements documentation.
The settlement minimum varies based on your chosen currency. For instance, the minimum is 20 USD when US Dollars is selected as the settlement option. For cryptocurrencies, the minimums are 0.01 BTC for Bitcoin and 0.001 BCH for Bitcoin Cash.
If you are interested in converting cryptocurrency to cash, please refer to our blog post for more information.
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