Company Overview

Paybis is a platform created to help people buy and sell cryptocurrency with a variety of payment methods. It aims to be a fast and simple way to get started with cryptocurrency.

In operation since 2014, the founders state that their desire is not to become the biggest or most popular cryptocurrency exchange, rather it is to build the most trustworthy and responsive platform.

Founded by Innokenty Isers, Konstantin Vasilenko and Arturs Markevics, the company served more than 300,000 customers in its first 5 years and is now registered as a UK business with offices in Edinburgh.

Paybis offers easy access to cryptocurrency and the so-called wider decentralized revolution.

Company Services

Paybis UI is a 1-page website with all the tools and information you need to start buying cryptocurrency easily displayed, including upfront rates and fees: deals

Account sign up is quick and can be done manually or using Facebook/Google logins. Paybis does adhere to AML and KYC laws so you will need to validate your identity during the buying process. In general, this seems to be really quick too with validation coming in a matter of seconds.

For each buy, you'll need to confirm your purchase via an email link which is some welcome added security. Since Paybis is a non-custodial service which means you will need an external wallet, so be sure to pick a reputable Bitcoin wallet, if you don't already have one.

Every step of the process is accompanied with status bars, so you get live updates of the progress. This is a nice touch that inspires confidence in the platform when moving through the buying process.

Overall the service runs smoothly and responsively. It's a user-friendly, if not glamorous, user interface with no distractions or unnecessary features.

Currencies and Payment Methods

Paybis offers a decent range of fiat and digital currencies combined with a wide selection of payment methods. The list of cryptocurrencies offered by Paybis include:

  • Bitcoin
  • Litecoin
  • Bitcoin Cash
  • Ethereum
  • XRP
  • Stellar
  • Binance Coin
  • Tron
  • NEO

Paybis supports the following fiat currencies:

  • USD
  • EUR
  • GBP

Payment methods accepted on the platform are credit card, debit card, Skrill, Neteller, Payeer, Advanced Cash, SEPA and Wire transfers.

Fees

Fees differ dramatically based on payment method but all are clearly stated at the start of the buying process. Credit and debit card purchases come with a hefty 10% fee which is well above the industry standard.

Paybis puts a 5% markup on top of the normal card transaction fee. The cheapest way to buy is using SEPA Euro transfers which have a competitive 1.5% fee.

The fees for other payment methods are:

  • Skrill: +10%
  • Neteller: +5%
  • Payeer: 8.95%
  • Advanced Cash: 4.95%
  • USD Wire transfer: 3%

Paybis Buying Limits

Buying limits vary, depending on payment methods and identity validation. Paybis do claim to offer some of the most generous limits in the industry.couponing

For credit card purchases there is a sizable daily limit of $20,000 and $50,000 monthly limit.

For the largest purchases, you are best off using SEPA transfers which allow up to $200,000 a week with the highest identity verification level.