Bitcoin with a Credit Card Set in UK

Announcements, FinTech, Investing, Regulation | April 11, 2017 By:

UK-based digital currency exchange Paybis has a new “Bitcoin with Credit Card” feature, enabling consumers to buy bitcoin with their credit cards.

Paybis said it implements an identity verification stage that takes less than 30 minutes in processing time. According to the company, the platform has a tiered system for those wanting to purchase bitcoin with other payment methods. Customers can increase the spending limits by successfully completing different levels of verification. Verified users can purchase up to $5,000 of BTC at once, subject to a $20,000 monthly limit.

The new option accepts credit cards issued by major providers like Visa, MasterCard and others on its platform. Other payment methods supported by Paybis in addition to the Bitcoin with Credit Card option include PayPal, Western Union, MoneyGram, OKPay, WebMoney, Skrill, Perfect Money, EPay, Yandex Money, Payeer, and Payza.