A simple bitcoin exchange for UK and EU clients with hosted wallet integrated. Additionally, Company offers merchants bitcoin payment processing services. Company is registered with HMRC as a money service business.
Cryptopay is a simple solutions for first time users, offering local payment options and fast settlement.
To buy bitcoins, customers have to fund Cryptopay account first and then use that balance to buy bitcoins. Funding options are: faster payments in the UK, SEPA payments in Europe and international wire payment for all other countries. When the account is funded, customers get real time quotes and instant bitcoin withdrawal.
To sell bitcoins, customers have to fund Cryptopay account with bitcoins first. When the account is funded, they can sell these bitcoins and withdraw money using faster payments in the UK, SEPA or international wire payment. There is no hold period for funds withdrawal.
Cryptopay offers different merchant tools: Payment buttons, Hosted Checkout and iFrame payments. More tech savvy merchants can use API to integrate Cryptopay payment processing on their backend.
Company charges flat 1% fee for buying, selling or accepting bitcoins. There are no other fees involved.
Cryptopay was founded in late 2013. Company has started operations in February 2014.
On March 20, 2014, the company has raised 100 BTC from Seedcoin Fund. .
- cryptopay.me website
- http://www.coindesk.com/seedcoin-gives-btc-sx-500-bitcoins-funding/ Seedcoin Funding Round]