To apply for a BitPay merchant account, submit an application to https://bitpay.com/dashboard/signup. After you verify your email, you will be able to log in to your merchant account.
The first step is to provide the following information:
- Name of your business or organization
- Your name
- Your organization’s country of residence
- Your organization’s yearly revenue
- Your email address
- Your chosen password
You will also need to complete the captcha.
After you click Create Account, the next page will show you what steps you need to complete to set up your merchant account.
Check your email for a message with the subject line Please Confirm Your Email. The verification email will look like this:
Click the button that says Complete Verification or the link at the bottom of the email. When you click either of these, you will be taken to the Get Started page. This time click Get Verified.
In the form that follows, please provide the following required information:
- Legal business name (To be displayed to customers when viewing your account’s invoices)
- Industry of your business
- Business address
- Business phone number
- Phone number for the person managing the merchant account
- Business website (To direct customers back to your website from the invoice depending on your implementation)
- Ultimate Beneficial Owner's (or if none, then owner/principal/major shareholder’s) full legal name and date of birth
Please ensure the information you provide is correct, as you will not be able to change it later.
After you have completed the form, click Verify.
The last step of setting up your merchant account is to enter your settlement preferences.
Click Add Settlement Information.
Click Add Settlement Currency.
You can choose to receive your settlement in 100% fiat, 100% cryptocurrency, or a combination of one fiat currency and one cryptocurrency. (What are my options for settlement?)
In this example, we will be adding a US bank account as a settlement method.
Then fill in the required details based on the currency and country of your bank.
After you added the settlement information, you will be invited to complete the verification of your account and provide some documents concerning your business.
Clicking on the Complete Verification button will redirect you to the following page where you will have the option to apply for the specific processing volume tier which suits your business needs, and you will be required to provide documentation accordingly. Note that depending on your industry, you may be required to apply for a higher tier.
For an overview of the processing tiers and required documentation, please consult this support article.