AdvCash linked with Binance to buy and sell crypto!! WOW!!

[Spinat]

I logged into my AdvCash account for a few minutes ago and just saw the exiting news below:

Largest crypto exchange in your ADV account!

You may have noticed your ADV account now has an all-new Crypto section. As we are adding more crypto features to the platform, it is only natural to bring them all together. Our goal is to make ADV your one-stop-shop for all kinds of digital payments, and this is yet another step in this direction.

We are happy to announce we are strengthening our partnership with Binance, the world's largest crypto exchange. Binance features are now available right in your ADV account. You will be able to manage your crypto portfolio faster, doing more and more without leaving ADV.

Right now, you can buy popular crypto assets from Binance at Binance rates and have it credited to your Binance crypto wallet. No more need to go through the process of making a fiat deposit to ADV, sending funds to Binance, and then buying crypto there. It did get a lot easier.

Link your Binance account or have one created automatically, and you are ready to get started.

More features are in development, so make sure you check back with the Crypto section in your ADV account from time to time for more crypto-related goodies.

As always, you are welcome to share your questions, ideas and other feedback via our support channels, chat and tickets.

Thank you for using ADV!
Click to expand...

It's awesome news now we can buy and sell Crypto's like Bitcoin, LiteCoin, Monero etc. directly using the AdvCash account and it's balance. It makes it even a better wallet than before. If you have read inside the Mentor Group Gold you will see and know why this such a great news.

Toggle signature
Specialized in advisory service for tailor made Offshore setups with banking and payment processing. Privacy and Anonymity is my priority.
Contact

 

[Libertia]

What are the limits of verified advcash?

 

[user9823671]

Anyone used them as a general payment processor?

What are the terms for accepting businesses?‌ I had a look on the site and couldn't find out

 

[clemens]

I don't believe they are a payment processor as we used to know from say‌ Stripe, they are more or less an EMI just with integration to Binance.

 

[user9823671]

https://advcash.com/en/business/

ok, think I have found the awkward︂ clause *fast KYC via a simple selfie photo, once per card only* they will want︃ all customers to KYC before accepting payments. I think I misread this yesterday and thought︄ this was for the business owner, but I think is for customer.

 

[Elve]

Personally it doesn't seem so good to me. Because it was not necessary for advcash‌ to linked to Binance so openly. I believe this may complicate matters in the future.‍

Also nothing changes, it is long ago that it is possible from binance account to⁠ transfer fiat from advcash to Binance or vice versa without any charge.

@clemens : Yes⁤ advcash also works as a payment processor service for companies, they have an API to⁣ process customer payments. Payment method available and possible to activate:

AdvCash
Bitcoin
Litecoin
Bitcoin Cash⁢
Ethereum
Zcash
Tether
Visa
MasterCard
MIR

For Visa and Mastercard, the customer must identify necessarily︀ with advcash during the first payment. For crypto, the client does not need an advcash︁ account to pay.

 

[Elve]

Yes that is correct, it is the‍ client that must be identified in this case with a selfie.

If I remember correctly⁠ the kyc for the company is a certificate of incorporation, passport and proof of residence⁤ of the director and the shareholders. I think it is everything and it is not⁣ complicated

 

[user9823671]

Have you⁤ used it? How much of a hassle is the KYC for customers? When I have⁣ tried to do a selfie with ID for various exchanges in the past was a⁢ pain in the arse. They wouldn't accept it had to do it again and again.︀ Needed a special app for another, then when it went through it took days to︁ be verified. As a payment processor, that is not acceptable in all honestly. I think︂ I could get customers to wait a few hours, but more than that just isn't︃ going to work

 

[JohnLocke]

I wonder the same, I was‌ not aware of that they are doing any credit card processing for Visa and MasterCard‍ thought it was EMI services only.

Anyway, you are going totally off topic here, please⁠ open a new thread to discuss this part of their service. This thread is about⁤ their partnership with Binance!