Filter search

Details
Category: Companies
Hits: 4021

Invoiced, a billing system that helps freelancers and small businesses to create invoices and receive online payments from their clients, has announced it is integrating bitcoin via the Stripe payment processor.

The startup currently serves nearly 1,000 businesses, allowing them to create and send online invoices and receipts to their clients. Invoiced, which already accepts credit cards and PayPal payments, has added bitcoin as an invoice option. To create a bitcoin invoice, clients will need to have a Stripe account. The transaction fee, according to the announcement, is 0.5%.

CoinFox reached out to Jared King, co-founder of Invoiced, to find out more about the startup’s view of the integration. Invoiced sees the biggest advantage of bitcoin in its capacity to accept payments “from anyone, anywhere”, he said. “Bitcoin has the potential to be more ubiquitous than credit cards without the exorbitant processing fees,” he added.

King told CoinFox that since the launch of the bitcoin option this morning, the company is already seeing vendors accepting bitcoin.

“We see a lot of demand from our customer base for a more affordable way to get paid on larger transactions. We believe bitcoin is the solution.”

Invoiced chose Stripe as the payment processor “for their ability to convert bitcoin into the vendor’s native currency”, according to King.

“It’s automatic and seamless. Bitcoin is not yet a convenient currency for vendors to possess. We hope this lowers the barrier to entry enough that more merchants will accept bitcoin,” King said.

There are several services on the market that allow users to send invoices in bitcoin. Coinify allows the generation of invoices in bitcoin as part of the checkout process. InvoiceOcean and Paydici integrated bitcoin for billing solutions via BitPay last year. Major payment operators Coinbase and BitPay support the generation of invoices for customers on their platforms.