We are proud to announce a new partnership with Mercuryo. Mercuryo brings another very competitive offering to our marketplace to facilitate buying crypto with a credit card as well as other onramp methods. Known for their high acceptance rate and expedient KYC process, Mercuryo is helping build foundational infrastructure for crypto payments.
What makes Mercuryo special?
Mercuryo is a rapidly growing cryptocurrency infrastructure company providing global access to fast and cheap money transfers with a bank-level oversight. Working together with industry leaders, Mercuryo leverages a range of payment solutions to accelerate growth and boost the revenue of businesses worldwide. On-and-off-ramps enabled by Mercuryo allow online merchants to offer highly customizable and seamless user journeys. Featured solutions open doors to a variety of localized payment methods and competitive exchange rates, providing the capability for a technology-first approach to KYC/AML and smooth API & SDK integrations. Often times Mercuryo has one of the more competitive exchange rates.
How to use Mercuryo to buy crypto with a credit card
What to expect in the experience
You will need to to a multi-factor authentication with your email address and SMS. You will also have to complete KYC. During our initial setup, we had initially dealt with the transaction being declined from our card issuing bank. We were able to resolve by approving the transaction directly with our bank. In our subsequent attempts to purchase using Google Pay, we had no issues.
How long did the process take?
If it is your first time using Mercuryo, you will need to complete KYC. Assuming that you have an Abra wallet and deposit address, the process should not take longer than five minutes. Mercuryo offers live chat support on their site should you run into any issues during your transaction.
Mercuryo is one of the first vendors on our marketplace that supports off-ramping. This means we can take crypto, convert it back to fiat, and apply a credit back to a credit card. We are developing supporting interface to host this functionality soon.
Established in 2014, Abra is on a mission to create a simple and honest platform that enables millions of cryptocurrency holders to maximize the potential of their assets. Abra enables both individuals and businesses to safely and securely buy, trade, and borrow against cryptocurrencies – all in one place. Abra’s vision is an open, global financial system that is easily accessible to everyone.
Based in the United States, Abra is available in over 150 countries and makes it easy to convert between crypto and a wide variety of local fiat currencies. With over 2MM customers, $7B in transactions processed, and $1.5B in assets under management, Abra continues to grow rapidly. Abra is widely loved and trusted – in April 2022, pymnts.com reviewed and rated Abra amongst the top 5 most popular crypto wallets in the market. Abra is backed by top-tier investors such as American Express Ventures and First Round Capital.
How Abra Protects Your Funds
Abra places clients’ financial objectives and security first. Abra practices a culture of risk management across all levels and functions within the organization.
Abra employs a state-of-the-art enterprise risk management framework that comprises a comprehensive set of policies, procedures, and practices detailing all applicable risk-related objectives and constraints for the entirety of the business. Abra has instituted a complete set of requisite systems and controls that continuously enforce these policies, procedures, and practices to manage all operations, including credit and lending. Abra’s independent Risk Committee comprises experienced compliance, risk, securities, and fraud operations professionals with backgrounds in industries ranging from traditional and digital assets banking, payments, remittance, to fintech.
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