Settlement payments in our supported settlement currencies for BitPay merchants happen automatically, every business day. All cryptocurrency settlements occur on a daily basis. BitPay collects and deposits all payments processed from the previous business day according to your settlement preferences.
Your account balance will need to exceed the settlement minimum before BitPay can process settlement. More information on our settlement options and settlement minimums can be found on this page.
For instance, if your settlement options are set to USD, your BitPay balance will need to exceed 20 USD before we can start a transfer. For Bitcoin (BTC) or Bitcoin Cash (BCH), the settlement minimum is 0.01 BTC or 0.01 BCH. For Gemini Dollars and USD Coin by CENTRE (USDC) the settlement minimum is 20 GUSD or 20 USDC.
To learn more about how to redeem GUSD and USDC for US dollars, check out the below resources:
Article is closed for comments.