News from the Wire

Instabill now offers merchant payouts in bitcoin

Monday, July 11, 2016 — 13:32:11 (EDT)

Portsmouth, N.H., July 11, 2016 – Jason Field, Founder and CEO of Instabill™, a global merchant services provider in Portsmouth, N.H., has announced that Instabill can deposit payouts in bitcoin to merchants and partners.

“It has long been a goal of Instabill to have the ability to payout and accept payments in bitcoin,” said Mr. Field. “It has been a series of steps. Not only can we payout merchants in bitcoin, but we will soon be setting up merchants to accept bitcoin as an additional payment solution.”

As of Monday morning, bitcoin value hovered near $650 US and €590. The merchant account application process with Instabill remains the same. Prospective merchants seeking payment solutions need to provide the necessary know-your-customer (KYC) documents.

Once the merchant’s application is approved, merchants have the option of receiving payouts in bitcoin from Instabill contingent on having/opening a bitcoin account with a reputable bitcoin wallet.

“We’re not enabling or trying to persuade merchants to accept bitcoin. Rather, this is simply another payout option we’ve added to our menu of services,” said Mr. Field. “It is extremely innovative.”

As an e-commerce payments pioneer, Instabill’s interest in bitcoin and digital currency is consistent with the company mission that embraces new technology. In September 2014, Mr. Field was a featured speaker at the inaugural Crypto Valley Summit in Douglas, Isle of Man, where he announced Instabill would offer banking options for digital currency companies and startups. The announcement that was warmly welcomed as Instabill currently provides bitcoin merchant accounts to several domestic and international bitcoin merchants.

Instabill was founded in 2001 and provides cost-effective and reliable merchant services that help e-commerce business succeed and expand. For more information, log on to www.instabill.com .

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Source: Company press release.