Crypto Payment Processor BitPay Added To Flow’s Cross Border Payment Platform

Announcements, News | August 9, 2018 By:

Cross border payment platform Flow has teamed with crypto payment processor BitPay to enable brands and retailers to accept cryptocurrencies.

Flow provides a turn-key platform for e-commerce companies to go global, capturing international demand for their products. The platform enables merchants to simply configure their cross-border supply chain requirements and immediately fulfill their overseas demand. Flow can be used by e-commerce companies of any size and both as a complete, end-to-end solution or as a modular unbundled product. Its payments product provides retailers and brands full chargeback and fraud protection, complete configurability by country, the ability to test payment preferences and seamless integration into both existing web infrastructures and Flow-hosted checkout.

BitPay, one of the largest crypto payment processors, provides bitcoin and Bitcoin Cash payment processing services for merchants. It has developed open source bitcoin projects, including BitCore, which allows app developers to more easily build projects on the bitcoin network, and Copay, an open source wallet platform.

The partnership will allow Flow to broaden the international payments available on its platform to accommodate local market preferences. BitPay will join more than 60 different payment methods across 200 countries on Flow’s platform, including UnionPay, Alipay and WeChat Pay.

“We are consistently innovating and adapting our technology platform to enable retailers to provide a seamless and secure localized shopping experience for their customers anywhere in the world,” said Rob Keve, Co-Founder and CEO of Flow. “BitPay represents a new era in payment technology. Its addition to our platform not only extends our footprint into emerging digital payments but empowers retailers and brands to dramatically increase conversions by offering shoppers around the world their preferred payment method.”

BitPay will enable businesses to receive fiat settlement directly to its bank account. BitPay transactions are non-reversible, making it valuable for businesses who are working internationally.

“As an addition to Flow’s platform, bitcoin and Bitcoin Cash are ideal for international ecommerce payments making it easy to buy and sell goods from countries where traditional forms of payment are unavailable,” said Sonny Singh, Chief Commercial Officer at BitPay. “BitPay facilitates this process while also reducing the risk of chargebacks and fraud for a much lower cost than credit cards.”