Paid By Coins, a cryptocurrency bill payment service, has been accepting BPAY and bank payments since summer 2018 providing an easy day-to-day payment option for cryptocurrency owners.
Paid By Coins is a fast and secure payments gateway that supports Bitcoin, Ethereum, Ripple and other major cryptocurrencies to pay bills via BPAY, make payments directly to any Australian bank account, or purchase eGift cards. Customers can pay any bills that have the BPAY logo.
The secure and approved platform allows to spend up to $50,000 per transaction. This is the highest level of transaction currently offered by a cryptocurrency payment gateway. To be able to make large transactions, however, users will have to complete the KYC process.
The accepted currencies are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, and PlayChip, with additional cryptocurrencies planned for the coming months.
PbC’s exchange rate calculator works real time, allowing you to access the best rates right at the time of payment. The platform does not charge any transaction fees.
Giuseppe Porcelli, Lakeba Group CEO and founder, explained:
“As an added bonus, by using Artificial Intelligence (AI), the Paid by Coins platform scans the Internet for the best exchange rate, which can save the payer up to 10% on the prevailing rate.”
Individual transactions are limited to a minimum of $30 and a maximum of $50,000 each for BTC and ETH, and $2,000 for all other cryptocurrencies.
PbC makes the payment process simple, and its intuitive interface makes payments super-fast and easy. It allows crypto holders to use cryptocurrency in the most practical way they want: pay bills via BPAY, make a direct payment into any Australian bank account of choice, or buy an eGift card.
To merchants PbC offers B2B APIs that will enable them to receive crypto payments, SDK for iOS and Android, and a payment gateway for eCommerce websites.
Paid By Coins is owned by Mobecom, an Australian public company (ASX:MBM) and the Lakeba Group, a technology company headquartered in Sydney, Australia.
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