That is correct.

All of our options are listed here on our site, with the costs and limits involved.  

https://bit-pay.com/accountingHelp.html

I should add that there is no faster way to convert bitcoins to dollars in your bank account than using Bit-Pay.  We beat all of the exchanges by several days time.  Even with our Deposit Card, you can send bitcoins to yourself and we will send a direct deposit to your bank account the next day.

My Deposit Card came with Nissan keys.  When I want to sell bitcoins, I can just scan and send them to my card, and dollars will be sent to my bank account the next day.  No dwolla, no waiting!