Now, users of the popular Bitcoin tipping service ChangeTip can top up their accounts via purchases with Visa and MasterCard credit cards. The decision from the company is expected to encourage the new users as it will help them do easy and fast recharge of their accounts. With the addition of the new payment option, ChangeTip will also get new customers.
The company announces that the users can add to their tipping wallet via credit card, Bitcoin or a direct ACH transaction. ChangeTip is the fastest and easiest payment solution that connects you to anyone in the world through digital currency. Even if some user does not have bank account or wants small transactions, there is no problem.
Purchases Using Any Card running on the Visa or MasterCard network
The company informs that purchases can be made with any card running on the Visa or MasterCard network; however, at the same time it makes clear that American Express and Discover are not available. The announcement also informs the customers that additional bank fees apply for purchases.
Victoria van Eyk, the ChangeTip head of community informs that while users could previously use credit cards to make Bitcoin purchases through Coinbase, the company has added additional payment options. According to her the addition of a direct credit card purchasing option will remove added friction from the wallet top-up process.
She was quoted saying that the idea is to make buying Bitcoin really easy, so the company decided to create an option where users can do it right on the website. The company according to her wants to provide the smoothest end-to-end experience. Interestingly, credit card users are restricted on how much Bitcoin they can purchase with the service.
For instance, there are daily limits set at a minimum of $10 and maximum of $20. The announcement from the company informs the customers that they can only buy $40 worth of Bitcoin every three days and $80 each week, though this figure increases based on the number of social accounts users connect to ChangeTip.
The Users Must Provide Fundamental Information
ChangeTip also informs the users that to add a credit card, they must provide their first and last name, email address, mobile number, date of birth and billing address. Additionally, the company says that the users who are not verified with the service must then connect a verified Facebook or Twitter account, and connect an additional Twitter, GitHub, Reddit or StockTwits account.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org
The company announces that the users can add to their tipping wallet via credit […]