Review on Bitpay GBP by Șamuhammet Berdimuhammedow

Hello everyone. BitPay Card is a crypto debit card that allows cardholders to spend crypto assets on daily purchases where Mastercard is accepted. The card is issued by the Metropolitan Commercial Bank and is currently only available to residents of the United States. Accounting limits - BitPay has a daily deposit limit of $ 10,000 and a total deposit limit of $ 25,000 per card. The maximum cost is $ 10,000 per day - which is very high compared to other crypto cards. US Availability - BitPay Card is one of the crypto debit cards available to Americans. ACH and direct deposit are both supported. Low Domestic Payments - BitPay fees for cash withdrawals and daily purchases in the United States are very low. Convenient downloads - BitPay allows users to reload balances without conversion fees at competitive exchange rates. Candidates are required to enter the card through the BitPay website in order to access the BitPay card. Remember that BitPay used the Visa card system before, but then switched to Mastercard in June 2020. Once available, the process of submitting a card is as follows: Applicants sign up for a BitPay account or sign in using an existing account. BitPay Card is subject to US standard banking laws. This means that each user must verify their identity before receiving a card. The company requires users to provide the following information: full name, place of residence (no PO box), date of birth, phone number and social security number. BitPay pays $ 10.00 to issue a physical card. Candidates must pay this fee using one of the BitPay-supported crypto assets because the payment is not accepted. BitPay Card takes 7-10 business days to arrive. If the approved applicant does not receive a BitPay card after 10 business days, the company recommends calling the Cardholder Services team. Candidates can track the status of card orders by entering the appropriate e-mail address and card order number and where the BitPay Card tool is located. Although BitPay has a mobile app available on iOS and Android, the BitPay website is the easiest option for card registration, card activation, and fundraising. Once the cardholder has received the BitPay card by mail, it can be easily activated via the BitPay website: Go to Bitpay.com/card/activate. Enter your card number, expiration date, and the 3-digit CVV number on the back of your card. You will receive an email at no-reply@bitpay.com with instructions on how to set up your BitPay card holder account. Fiat: Cards for direct deposit can be obtained by calling the card's service team and obtaining an account number and route number. Ask your employer to set up BitPay card automatic payments to receive direct deposit payments. BitPay does not charge additional fees for direct deposits. Cards that want to deposit US dollars into the BitPay Card via ACH transfer must provide an account number and route number to the account service. To start the ACH transfer, users can choose a third-party payment processor, such as Western Union, Walmart, CVS Pharmacy, Rite Aid, Walgreens and other participating vendors. Fees for ACH deposits vary by location and can be $ 4.95 per deposit. BitPay pays an additional $ 5 for ACH deposits. Crypto assets: When cardholders pay their BitPay invoices, they receive a normal mining fee and BitPay's "Network Price". To add money to the BitPay Card balance with crypto assets, users can log in to the card account and select “Add Finance”. From there, they can enter the dollar amount and get their invoice. The BitPay Wallet crypto asset balance is charged to the cardholder after the cardholder pays the invoice. Phli crypto assets become US dollars when sent to a BitPay card and cannot be returned to an external crypto asset wallet. Cardholders can withdraw cash at ATMs. Using a BitPay card to purchase is comparable to using a regular debit card, there are only a few differences. The BitPay Card transaction works as follows: The cardholder deposits crypto assets or US dollars in the BitPay account. If the cardholder deposits crypto assets, BitPay will automatically convert the funds into US dollars. The cardholder spends money online or in the store on any merchant approved by Mastercard. Mastercard confirms that there is enough money to complete the transaction. Traders charge in local fiat currency (e.g. EUR, USD or GBP). In May 2016, BitPay launched a prepaid debit card for Bitcoin users in 50 U.S. states. There has been little progress since we started work. BitPay Card is still in operation by the end of 2020. The biggest weakness of the BitPay Card is its limited regionality. The card is not available in countries or regions other than the United States. Customers complain about different aspects of the user experience. The company's non-response to card-related card fraud questions also applies. In six months in 2019, the company issued fewer warning cards, suspending ATM withdrawals and cash transactions. With the recent re-launch of the BitPay Card in June 2020 and the record of 110,000 transactions processed in July 2020, optimism for the product seems to be on the rise. However, limited regional access has prevented BitPay from becoming a major competitor in the crypto debit card market. We started BitPay because we wanted to make it easy for businesses to accept bitcoin payments. We are currently the largest bitcoin payment processor in the world, serving industry-leading merchants on six continents. We've created a seamless, secure bitcoin payment experience used daily by hundreds of thousands of bitcoin users. Payment processing was our first contribution to the Bitcoin ecosystem, but it is not our last. With Bitcore, we're building an open source platform to power the next applications of Bitcoin. The BitPay secure bitcoin walletis giving consumers a powerful toolkit for getting started right with bitcoin payments, and the BitPay Card gives bitcoin users a fast way to convert bitcoin into dollars and spend their funds anywhere Visa® is accepted.