I'm writing today because BitPay has failed to return 0.38BTC to me within a reasonable (or legal) amount of time. I'm hoping to find others in similar situations with BitPay. Please share your bad experiences with me.
BitPay 10 years ago provided me a debit card where I could load bitcoin onto and spend USD. Unfortunately I deposited over the maximum amount, and was likely paying my bar tab that night. BitPay failed to notify me to return the overpayment. In fact, BitPay held my property for 10 years before they made me aware that they were planning to send the funds to the state.
If BitPay had notified me, like they're required to by Georgia law (where they're located), I would have withdrawn the overpayment. But they never notified me by email or by physical mail.
Georgia law states that my property must be returned to me or sent to the state within 5 years.
BitPay has violated GA Code Β§ 16-8-6 and has committed theft of my property. They had a 5 year limit to send my property to the state. It's been 10 years. They never contacted me. They sold my crypto and ran with it.
Now that I've become fully aware of the situation, and I became aware of the financial harm I've incurred, BitPay is acting in bad faith and refuses to schedule any form of a call or mediation.
I want people to know that BitPay is committing fraud and theft with their customers funds. Don't trust BitPay. If you can avoid using them, I would highly recommend it. If you run an online business where you accept crypto payments, I think you should ditch them.
While Bitcoin has grown significantly in adoption across the majority of people, BitPay may have grown. But they refuse to admit to a mistake that has cost me. Every other business where I forgot funds, I've been able to recover them in full. But not BitPay. They are choosing to block me from discussing a settlement with them. I'm afraid I will be forced to sue to get any justice. I cannot stand this world full of thieves who think they're better than everyone below them.
If you've had a similar experience with BitPay, or if you know any attorneys who may handle this type of case, please let me know.
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