Use Mastercard and Visa Credit/Debit Card for Crypto Purchases on Cashaa
More reasons to join us now — we keep delivering according to our roadmap, after launching our Business Banking services we are glad to announce that we have launched credit and debit card functionality to allow users to securely buy Bitcoin, Ethereum and CAS. The service is enabled on all Personal and Business accounts all over the world excluding the USA.
Major wallets like Blockchain.info or Bitgo are not offering this service, while the ones who are offering it, are charging higher markup fees on Bitcoin. Enabling this feature will allow you to buy crypto as an e-commerce experience without paying high fees within your multi-sig wallet. There will be no hidden or markup fees on Bitcoin price.
Existing industry average prices when buying through cards are around 9–12% which includes the card processing fee, platform fee and most importantly, a markup on Bitcoin price. Cashaa’s card processing fee for European cards will be 4% while for non-EU cards, the fee will be 5%. Cashaa will also charge a service fee of 1.49%, which can be reduced to 0.75% for personal users and 0.40% for business users if paid in CAS tokens. Aside from cheaper and transparent pricing, users can also enjoy higher limits up to 10,000 Euros for card payments.
As we are focused on business banking services we are also working on an API and plugin solution, for exchanges and other wallets who are banking with us to enable them with the feature to sell crypto via debit or credit card to pass them the advantage of our cheaper fees.
For personal users, Cashaa currently has fiat wallets denominated in GBP and EURO, which users can fund in more than 200 currencies (ex. PHP, INR, SGD, SEK, EURO, GBP) around the world. Through the application, users can decide which wallet they want to fund, currencies other than EURO and GBP will be converted into EUR or GBP based on your selection during the deposit process.
Login to your account now to try our new features, and share this great news with all your contacts! For our coming milestones, see our roadmap here.
Cashaa Team
The Next Generation Banking Platform
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