[2017-12-26] New Requirements for Bitcoin Payments

[aalfadhala]

Processing BitPay reported new requirements for bitcoin payments through sales outlets and replenishment of the balance of prepaid service cards.

Now the minimum amount of payment must be at least $100. If you try to make a payment for a smaller sum, the BitPay API displays an error message: „Invoice price must be at least $100“. However, this innovation does not extend to payments between BitPay client accounts.

More: https://coinblip.com/blog/bitpay-new-requirements-bitcoin-payments/

[InvoKing]

As expected before reading the article, this minimum limit to use their services is related to the huge transactions fees which could be 50% of the minimum price fixed by bitpay

As the company’s representatives explain, this decision occurs due to the growth of commissions in the bitcoin network