Printful partners with BitPay to offer cryptocurrency payments
Jul 18, 2022
Charlotte, North Carolina—Printful is one of the first print-on-demand companies to offer customers the ability to make payments using cryptocurrency. The new payment option is facilitated by BitPay, the world’s largest Bitcoin and cryptocurrency payment services provider.
Cryptocurrency payments are available for registered Printful customers, allowing the company to cater to new and existing users’ needs. The new payment option could also help Printful bridge the gap between cryptocurrency and print-on-demand store ownership for people interested in selling NFT-related merchandise.
“Crypto can transform the ecommerce industry, making payments faster, more secure, and less expensive on a global scale, benefitting companies like Printful,” comments Merrick Theobald, Vice President of Marketing at BitPay. “Our goal at BitPay is to make accepting crypto a seamless process and increase adoption as we believe crypto is the future of payments.”
The cryptocurrencies available for Printful customers include Bitcoin, Dogecoin, Ethereum, USD-pegged stablecoins, and many more. Additionally, Printful customers will benefit from BitPay’s crypto payment solution as the blockchain eliminates transaction fraud and improves borderless payments worldwide.
“Our users have been asking for a cryptocurrency payment option for a while now. Since one of our main priorities is meeting our customers' needs, we decided to collaborate with BitPay. With this partnership, we can be one of the first print-on-demand companies to offer a cryptocurrency payment feature to interested customers,” adds Janis Akmentins, Head of Engineering at Printful.
Founded in 2011, BitPay is one of the oldest cryptocurrency companies. As a pioneer in blockchain payment processing, the company’s mission is to transform how businesses and people send, receive, and store money. Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Prepaid Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms including Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. For more information visit bitpay.com.
Printful is an on-demand printing and fulfillment company that helps people turn their ideas into brands and products. The company fulfills and ships custom clothing, accessories, and home & living items for online businesses. Printful is the first unicorn company (valued at over $1B) with Latvian roots and in 2021 the company hit a revenue milestone of $289M. Since its founding in 2013, Printful’s been trusted to deliver 50M+ items and has scaled to a team of 1,700+ people across ten in-house fulfillment centers around the world.