Yesterday we shared an emergency update about Bitcoin network conditions and BitPay invoice amounts. We temporarily raised the minimum BitPay invoice amount to $100 to respond to current bitcoin network conditions.
We continue to monitor bitcoin network conditions, but we have re-enabled BitPay merchant invoices and BitPay card bitcoin-to-dollar loads for $5 or above. BitPay Card orders are also once again available.
Our BitPay payment minimum changes are based in large part on the miner fee costs of sending and refunding mistaken payments which many bitcoin wallets make. Our recent Payment Protocol improvements to the BitPay payment experience have effectively eliminated these payment mistakes. This has allowed us to make $5 or greater invoices available once again.
Many invoice payments under $100 may still be uneconomical for bitcoin purchasers due to high bitcoin network fees. However, they again have the option to send these smaller payments if they choose.
We do not have plans for further immediate changes to the minimum BitPay invoice amount. We will provide as much advance notice as possible to our users in case this changes.
Thank you again for your patience as we continue to monitor and respond to Bitcoin network changes. If you have any questions, please contact our team.
