The Payments Show Podcast

From FERRARIS to PRIVATE JET FLIGHTS: How BitPay Enables Merchants to SELL HIGH-END Products with Crypto, with William Zielke, Chief Revenue Officer at BitPay, E64

April 11, 2023 Satwant Phull Episode 64
The Payments Show Podcast
From FERRARIS to PRIVATE JET FLIGHTS: How BitPay Enables Merchants to SELL HIGH-END Products with Crypto, with William Zielke, Chief Revenue Officer at BitPay, E64
Show Notes Chapter Markers

In E64 of The Payments Show Podcast, I spoke to Bill Zielke who is Chief Revenue and Chief Marketing Officer at BitPay. 

BitPay is a payment gateway that enables merchants to accept Bitcoin and cryptocurrency payments with zero price volatility risk.

Click through the Chapters Menu at the top of the episode webpage here: http://thepayments.show

Summary of topics discussed:
1. Access to High-Spending, Affluent Customers
2. 50% Lower Payment Processing Costs
3. Luxury Retail vs Smaller Merchants
4. Fast Onboarding for Merchants
5. Settlement: Crypto or Fiat
6. Point of Sale: Not Just Online
7. Who Is Using Crypto?
8. Locking Prices: No Under or Overpayments To Merchants
9. Invoicing In Crypto
10. Fees and Charges: 1% - 2%
And much more…

Details:
- Recorded on 30 Mar 2023
- Host: Satwant Phull, Founder of Digital Money Lab
- Guest: Bill Zielke, Chief Revenue and Chief Marketing Officer, BitPay

[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- BitPay: bitpay.com | @BitPay

Introduction
Start
Overview of BitPay
Customer Wallet Problem: Turning Crypto Into Spending Power
BitPay Merchant Business
Getting Shut Down by Stripe or Square
Adoption Curve Takes Time
No Chargebacks
Access High-Spending, Affluent Customers
50% Lower Payment Processing Costs
Marketing To Different Crypto Coin Communities
Luxury Retail vs Smaller Merchants
Fast Onboarding For Merchants
Settlement: Crypto or Fiat?
Integration Team
Point of Sale: Not Just For Online Sales
Who Is Using Crypto?
Litecoin Usage Growth
Rebates And Tactics For Different Audiences
100+ Supported Crypto Wallets
Locking Prices: No Under or Overpayments To Merchants
Selling Internationally More Easily
Cards + Crypto: Visa or MasterCard to Spend More Easily From Crypto Wallets
Chicken and Egg Situation For Native Crypto Payments
Experienced Merchants Not Using Fiat At All
Easy B2B Customer Experience
Silicon Valley Bank Collapse and Stablecoins
Fees and Charges: 1% - 2%
Integration, API and Compliance
Achieving Success With BitPay
Emerging Trend: Merchants Sending Crypto vs Accepting It
Business Restrictions, Compliance, Politics and Regulations
Get Started with BitPay
The Future For BitPay
Chit Chat