Accept crypto at your coin and bullion shop
Customers want to buy gold with crypto, and a dealer who accepts it stands out. We set up your shop so you receive US dollars on every sale.
Get startedWe never touch your funds. Money goes straight from the processor to your bank.What you get
Next-business-day USD settlement through BitPay
Handles larger tickets with higher volume tiers available
Note: paying sellers in crypto is a separate BitPay product. We'll tell you what we know and what we don't
How it works for gold, bullion and coin dealers
Customers want to buy gold with crypto, and a dealer who accepts it stands out. We set up your shop so you receive US dollars on every sale. Your rates and fees are set by the processor, and we will walk you through every step, from the application to your first live sale and staff training.
Coin and bullion sales can be large, and prices move during the day. BitPay locks the exchange rate on each invoice and settles US dollars to your bank the next business day, so you aren't holding crypto while metal prices change (BitPay). BitPay supports more than 100 cryptocurrencies, including stablecoins such as USDC.
BitPay accounts start at Tier 2, with limits of $10,000 per day and $500,000 per year. Tier 3 raises that to $100,000 per day and $5 million per year, and needs three months of business bank statements or a bank letter (BitPay compliance). If your typical sale is larger, we help you apply for the higher tier before your first big crypto order.
One honest caveat: most of what a gold buyer does is pay customers, not collect from them. Paying sellers in crypto is a separate BitPay product with its own pricing, which we haven't verified yet. Accepting crypto helps on the sell side, when customers buy coins and bars from you. Related: jewelers, pawn shops and our small-business crypto guide.
Which processor you'll use
We route by your average ticket: under $5,000 goes to Flexa (1% flat, iPhone/iPad app) and $5,000 and up goes to BitPay (2% + $0.25, next-business-day USD settlement).
Flexa: everyday tickets
- 1% flat fee, with no setup or conversion fees (Flexa)
- Flexa Point of Sale app on any iPhone or iPad (Flexa docs)
- For small and mid-size tickets, under $5,000
BitPay: big tickets
- 2% + $0.25 per transaction under $500K/month (BitPay pricing)
- US dollars to your bank the next business day, locked exchange rates, and no chargebacks as a BitPay feature (BitPay)
- For tickets of $5,000 and up
Processor fees are set by BitPay and Flexa and can change. Crypto fees are not always lower than card fees, so we compare against your own statement rate. Processors approve or decline merchants, not us.
Steps to go live
- 1. Sign upTell us about your business with our short form.
- 2. Account setupWe help you open your own BitPay or Flexa merchant account and prep the business verification (KYB) documents.
- 3. DeviceWe set up an iPad, phone or countertop terminal with the right checkout app.
- 4. TrainingAbout an hour with your team: taking a payment, refunds and scam red flags.
- 5. Go liveA test transaction, signage up, and a 30-day check-in.
FAQ
Can I pay customers who sell me gold in crypto?
That uses BitPay Payouts, a separate product. We haven't verified its pricing, so ask us and we'll check with BitPay for your situation.
What are BitPay's daily limits?
New accounts start at $10,000 per day and $500,000 per year (Tier 2). Tier 3 allows $100,000 per day and needs bank statements or a bank letter.
Where can customers buy gold with crypto from a dealer?
At dealers that accept crypto through a processor like BitPay. We set up local coin and bullion dealers so customers can buy gold with crypto while the dealer receives US dollars.
Do I have to hold crypto?
No. Payments settle in US dollars, and we never touch your funds.
Will this save me money versus cards?
Not necessarily. Crypto processor fees can be similar to card rates. We compare against your own statement and don't promise savings.