We’re happy to announce a new partnership with online and mobile payments platform Braintree that will enable its vast portfolio of merchants to begin seamlessly accepting bitcoin on any device. Developers at Coinbase and Braintree will be working together closely to complete the integration in the next few months.
Braintree CEO Bill Ready announced the news this morning at TechCrunch Disrupt, explaining that his company is focused on giving its customers choice and flexibility. Our partnership will support that aim by including bitcoin among the wide variety of payment methods that Braintree is able to offer its merchants.
Braintree merchants using Coinbase will receive all the benefits associated with accepting bitcoin payments, including 1% flat transaction fees (waived for the first $1M in bitcoin sales) with no additional costs, all while avoiding exposure to any currency volatility risk thanks to Coinbase’s Instant Exchange feature.
We are excited to be partnering with a company that is equally committed to simplifying payments for both merchants and consumers, and look forward to working with Braintree to complete the integration.
To accept bitcoin, Braintree merchants simply need to open a separate merchant account with Coinbase and then link to their Braintree account. Merchants interested in integrating Coinbase through Braintree should email firstname.lastname@example.org to stay updated on news relating to the launch.