February 9, 2017
Where to buy Bitcoin with a credit card has been a persistent question in the Bitcoin community for some time. Understandably, people want the convenience. But most Bitcoin sellers have struggled with it. The number of bitcoin sellers that accept credit cards remains somewhat limited, because many still do not have the technology to protect themselves from the risk.
Good news: SpicePay does. We’re pleased to announce (in case you didn’t see the email) that we started accepting Visa and MasterCard credit and debit cards this week. This was made possible through our new partnership with Simplex, which provides fraud protection on credit card transactions, so everyone’s safe.
How to buy Bitcoin with a credit card: A credit card is the easiest way to buy Bitcoins. It is an especially appealing option if you’re not very technically inclined. This is because it’s very similar to using a credit card anywhere else online. If you’ve ever made a purchase online with a credit card, you can buy Bitcoin with a credit card on SpicePay. It’s easy. It’s also safe, quick and convenient. Simply enter your card details, specify whether you want to use USD or EUR, and let us know where to deposit your BTC. In an instant, the transaction is complete.
First – for everyone’s protection, and the integrity of the system itself – you must be a verified user. This is how Simplex keeps the fraudsters away.
SpicePay’s verification process consists of a few simple steps, which are totally worth it. Verified users can use not only credit cards on SpicePay, but any other payment method involving fiat currency (PayPal, etc.). In Account Settings, upload a government-issued ID, utility bill and phone number. This is how we establish your identity. If everything checks out, we will upgrade your account status to ‘verified’. In some cases, when you’re in the process of buying Bitcoins with a credit card, Simplex may require additional verification. We will notify you during the transaction and tell you what you need to do.
For Bitcoin merchants, this new SpicePay service opens the door to more sales. If you don’t accept credit cards, let your customers know that they can buy Bitcoins with credit cards on SpicePay, then pay in BTC on your website. They can buy what they want, and you can avoid chargebacks.