{"id":274465,"date":"2020-09-29T15:21:12","date_gmt":"2020-09-29T19:21:12","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=274465"},"modified":"2021-09-17T08:07:45","modified_gmt":"2021-09-17T12:07:45","slug":"bitpay-reveals-four-notable-payment-insights-from-recent-study","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitpay-reveals-four-notable-payment-insights-from-recent-study","title":{"rendered":"BitPay Reveals Four Notable Payment Insights From Recent Study"},"content":{"rendered":"

BitPay, the self-described “world\u2019s largest provider of Bitcoin and cryptocurrency payment services,” has shared some insight on a study conducted by the group, according to a press release from the service itself<\/a>.<\/p>\n

This study is called the “Total Economic Impact\u2122 Of Accepting Bitcoin Using BitPay,” and was conducted by Forrester Consulting, the release notes.<\/p>\n

It revealed four main results based on interviews “with four merchants that accept Bitcoin and other cryptos.” Those four findings were as follows:<\/p>\n

“First, up to 40% of customers that pay with crypto are new to the merchant. Second, purchase amounts are twice that of credit card purchases. Third, crypto is less expensive than card cards, and lastly, there are no fraud-related chargebacks. The study, commissioned by BitPay, examines the cost savings and business benefits enabled by accepting bitcoin and other cryptocurrencies using BitPay.”<\/p><\/blockquote>\n

The goal of this study was to list how retailers benefit by adding BitPay into its offerings. It also found that there has been an increase in online payments since COVID-19 first started, and 11% of respondents to the survey noted that they used digital payment methods for the first time during this time.<\/p>\n

BitPay plans to help with this by mitigating risk for these groups.<\/p>\n","protected":false},"excerpt":{"rendered":"

BitPay, the self-described “world\u2019s largest provider of Bitcoin and cryptocurrency payment services,” has shared some insight on a study conducted by the group, according to […]<\/a><\/div>","protected":false},"author":1722,"featured_media":34878,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[5439],"class_list":["post-274465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitpay"],"acf":[],"yoast_head":"\nBitPay Reveals Four Notable Payment Insights From Recent Study - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"BitPay, the world\u2019s largest provider of Bitcoin and crypto payment services, has shared some insight on a study conducted by the group.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitPay Reveals Four Notable Payment Insights From Recent Study\" \/>\n<meta property=\"og:description\" content=\"BitPay, the world\u2019s largest provider of Bitcoin and crypto payment services, has shared some insight on a study conducted by the group.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-29T19:21:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-17T12:07:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2015\/09\/bitpay-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"690\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Max Moeller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@maxemole\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Max Moeller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465\"},\"author\":{\"name\":\"Max Moeller\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/40e2bb7ce5197525f89f809b68ffe13f\"},\"headline\":\"BitPay Reveals Four Notable Payment Insights From Recent Study\",\"datePublished\":\"2020-09-29T19:21:12+00:00\",\"dateModified\":\"2021-09-17T12:07:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465\"},\"wordCount\":212,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2015\/09\/bitpay-logo.png\",\"keywords\":[\"Bitpay\"],\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/274465\",\"name\":\"BitPay Reveals Four Notable Payment Insights From Recent Study - 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