Engage a new base of cryptocurrency donors with a fast, secure, and inexpensive payment method.
Accept bitcoin donations for your non-profit
Accepting bitcoins for a good cause is slowly increasing in the world. One of the biggest advantages of bitcoin is the fact that the transaction costs are very low or even zero when they are received and when they are spent. In recent decades, donors have become increasingly critical about the fact that not everything benefits those who are entitled to it. For example, bank charges are a thing of the past with bitcoin transitions. The transaction of bitcoins also goes faster than transferring money via traditional banks and you have nothing to do with fluctuating exchange rates internationally.
Why we recommend Bitpay
Donate a Bit is an independent organization, but we do recommend using Bitpay. In the first place for the safety of our small organization. We can not check every organization whether they operate legally. Bitpay is a larger organization which has more manpower to control this.
Bitpay has also the following advantages:
- Easy integration. BitPay provides donation buttons and hosted donation pages for your organization on our site for no additional cost.
- No price volatility. The price of Bitcoin and Bitcoin Cash goes up and down, but your organization will receive exactly what your donors give.
- Keep donations in your local currency. Keep your accounting simple by settling into the currency of your choice. BitPay offers USD, EUR, GBP, JPY, and five other currencies
How to set up an Bitpay Account
Sign up
The first thing you have to do is to create a merchant account. To create a merchasnt account, visit https://bitpay.com/dashboard/signup and enter the following information:
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- Organization Name: The full legal name of your business
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First Name and Last Name: The name of either:
- The Ultimate Beneficial Owner
- An individual with significant responsibility to control, manage, or direct a
legal entity, including an executive officer or senior manager or any other
individual who regularly performs similar functions.
- The Main Shareholder of your Company
- A “Primary Contact” (officer, director, trustee, or authorized representative)
- Email Adress Company email address, preferably not a Gmail or personal address.
- Create a secure password
Then press Create Account.
Confirm your Email
When you receive an email from noreply@bitpay.com , click on the Confirm Email button to
confirm your email address. If you do not receive an email from Bitpay, click the Resend or change
address button on your Get Started screen, make sure they have the correct email address, and
resend the email. If this does not work, please visit https://help.bitpay.com/requestHelp.
Once you confirm your email address, you’ll be able to Get Verified
Setting up your account
After creating your account, you’ll need to:
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- Confirm your email.
- Provide some details about your company to get verified.
- Legal Name
- Physical Address where your company operates (No P.O. Boxes)
- Live Website with goods or services for sale
- Phone Number
- Beneficial Owner or Main Shareholder or “Primary Contact”
- Provide settlement details to receive settlement for cryptocurrency payments. You can
use one or more of these options:
- Bank Account
- Bitcoin (BTC) Adress
- Bitcoin Cash (BCH) Adress
Get verified
To get verified, you’ll need to fill out our Basic Verification Form and include the following information:
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- The Legal Name of Your Business: Registered business Name
- Business Address: the physical address where the office is located (not a P.O. box)
- Make sure to use the address which your bank statements or bills have listed.
- Your Business’s Industry
- Live Website: Make sure your website has the following standard sections (unless they do not apply to your business such as delivery information for an e-commerce business):
- “About Us”
- “Contact Information”
- “Delivery Information”
- “Refund Policy” – Per section 9.2 of BitPay’s Terms of Use , BitPay suggests Merchants have a clear refund policy for their customers (including, if applicable, “no refunds are allowed as all sales are final”).
- “Terms & Conditions”
- Phone Number
- Beneficial Owner: the same name you used to create the account
After filling out this form, you should receive an email that will tell you the following:
- Thank you for choosing BitPay. This email is to notify you that your account is currently approved for Tier 0, which enables processing of payments up to $100 in value per day. If you would like to increase your approved Tier please log into your BitPay merchant dashboard > Settings > Approved Volume and select the Tier appropriate for your processing needs.
- For questions regarding this process, please contact compliance@bitpay.com
If you do not receive this email, your industry may require additional verification. You will receive an email that will say:
- Welcome to BitPay! In order to enable transaction capabilities for your BitPay merchant
account, our compliance team will need some additional information from you. Please
log into your BitPay merchant dashboard > Settings > Approved Volume and apply for a
Tier upgrade.
You can also complete the process with this link: https://bitpay.com/dashboard/verification
Add a Bank account
After confirming your email address and filling out our verification form, you will need to add bank account by doing the following:
- Fill in your bank details (account number, account name, swift code, etc.)
- Click the Save button
- Confirm your settlement preference by clicking the confirmation link sent to your email.
If you need additional help with Settlement, please visit https://bitpay.com/docs/settlement orcontact their Sales Team.
Increase processing volume
To increase your processing volume, follow the instruction in the email you receive or go to https://bitpay.com/dashboard/verification and click on the Apply button of the tier that reflects your business’s processing needs.
To process more, BitPay needs more information about your business. BitPay’s pricing is the
same (1%) for all tiers.
Tier 1
- Processing Volume: $1,000 USD daily ($10,000 USD annually)
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Required Documents and Information:
- For merchants located in US, Netherlands, and Germany
- Tax ID Number
- Tax ID Document
- Proof of Business Entity
Tier 2
- Processing Volume: $1,000 USD daily ($10,000 USD annually)
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Required Documents and Information:
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- For merchants located in US, Netherlands, and Germany
- Tax ID Number
- Tax ID Document
- Proof of Business Entity
- Photo ID of Owner/Principal
- Proof of Business Address
Tier 3
- Processing Volume: $1,000 USD daily ($10,000 USD annually)
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Required Documents and Information:
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- For merchants located in US, Netherlands, and Germany
- Tax ID Number
- Tax ID Document
- Proof of Business Entity
- Photo ID of Owner/Principal
- Proof of Business Address
- 3 months of Bank Statements
Tier 4
- Processing Volume: $1,000 USD daily ($10,000 USD annually)
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Required Documents and Information:
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- For merchants located in US, Netherlands, and Germany
- Tax ID Number
- Tax ID Document
- Proof of Business Entity
- Photo ID of Owner/Principal
- Proof of Business Address
- 3 months of Bank Statements
- Interview with Bitpay