Review of Popular Services Where You Can Buy Crypto With a Card

Cryptocurrency payments have long been a part of checkout pages of many businesses, including not only games or iGaming but also many retail merchants. With the positive attitude towards cryptocurrency in the USA, this trend is set to grow even more rapidly.

In addition to standard cryptocurrency processing, which allows for crypto-to-crypto payments, embedded widgets for purchasing cryptocurrency, known as on-ramp solutions, have become popular. These allow users who do not currently own cryptocurrency to make payments too. During the payment process, users can buy necessary coin at the current exchange rate using a convenient payment method. These financial instruments are also popular for cryptocurrency buy-sell transactions as they allow users to take advantage of the current exchange rate of the desired token.

Today, we will look at some of the most commonly used on-ramp solution providers where you can buy cryptocurrency with fiat money. Some of these providers may already be familiar to you, while others may be good alternatives.

Changelly

Changelly widget allows users to instantly purchase cryptocurrency with traditional money online, sell cryptocurrency for traditional money, and exchange crypto-to-crypto. This is the company's basic offering and often shines among partners of global merchants.

The service has been operating since 2020 and supports Visa, Mastercard, Apple Pay, and bank transfers. This allows clients to select the cryptocurrency they want to buy, amount, and payment method directly within the widget. After receiving the funds, payment system will send cryptocurrency to the client's specified wallet. The entire process is automated and does not require a long wait as long as the client pays for transaction immediately.

Previously, bank transfers could take several hours or even days to process, but with implementation of automatic transfers and open banking, payments are now credited within minutes, making cryptocurrency purchases even easier.

Changelly is a major player in the cryptocurrency market, and many users associate this name with cryptocurrency exchange. However, due to the growing popularity of such widgets, many alternative similar services have emerged.

MoonPay

MoonPay, an American company that provides a non-custodial cryptocurrency wallet and exchange services based on it. Founded in 2019, company has registered over 30 million clients from 180 countries. MoonPay is a decentralized provider of on-ramp and off-ramp solutions, meaning it does not centrally store cryptocurrency for users, and all MoonPay products are non-custodial by their nature.

This gives users full control over their assets but also responsibility for their safekeeping. If a user forgets their wallet key, MoonPay cannot help restore access. The platform is known for its cryptocurrency buying and selling service, which supports various payment methods. MoonPay's partners include PayPay, Google Pay, Apple Pay, Visa, Mastercard, and Paysafe. For European users, SEPA is available, and in the UK, they offer Faster Payments. The service is also integrated with most popular cryptocurrency wallets (such as Trust Wallet, MetaMask, Exodus, and Ledger) and offers a convenient process for exchanging fiat to crypto and vice versa in minutes.

For businesses, MoonPay offers a cryptocurrency purchasing service that can be placed directly on the website for customers. SDK integration allows the MoonPay widget to be embedded into the website's functionality, enabling clients to make payments in their preferred currency or cryptocurrency.

Simplex

Another well-known on-ramp solution provider, Simplex, has made a name in the cryptocurrency sector. Founded in 2014, company is one of the most experienced in this field. Its flagship service allows users to buy cryptocurrency using familiar fiat methods, such as Visa and Mastercard.

While there are many mixed reviews about this company online, including negative ones, it is important to note that many of these are based on personal experiences with cryptocurrency and its high volatility, which often has nothing to do with the service where the purchase was made. When choosing a partner, it is essential to analyze available reviews but not take them all at face value. Personal communication and reviews in B2B segment are more relevant in this case.

Simplex is currently owned by payment system Nuvei, which is actively developing in the Web3 space. One of Simplex's recent interesting updates is the ability to sell crypto and receive fiat funds directly to a Visa card. The off-ramp system is already operational in the EU and Eurozone and promises instant funding of the card. The on-ramp solution available to merchants is equipped with serious anti-fraud measures and supports high approval rates due to integration with many wallets and fiat payment methods.

Banxa

Banxa provides mobile app for buying cryptocurrency, available in most countries worldwide, with a primary focus on Tier-1 markets. Banxa supports a range of popular fiat payment methods, including Visa/Mastercard, Apple Pay, SEPA, Canadian Interac, Google Pay, Australian Pay ID, Faster Payments, and iDEAL. Payments made using methods other than bank cards are free for the client, while card or Google Pay/Apple Pay payments incur a 1.99% commission fee.

Banxa processes cryptocurrency purchase orders within 30 minutes, provided the payment is successful and KYC verification is completed. Like similar solutions, Banxa requires identity verification for each digital asset buyer, typically conducted during the first transaction. Subsequent purchases will not require verification, but additional details may be requested depending on the cumulative purchase amount. Banxa collaborates with fintech companies, and its technology is used to create separate payment solutions for various payment systems. This is one of the company's main directions.

Mercuryo

Lastly, we have Mercuryo, a well-known company that provides on-ramp solutions for individual clients and businesses, focusing on speed and simplicity of transactions. The primary emphasis is on One-Click payments and completing cryptocurrency purchases in five simple steps:

• Selecting the fiat currency for payment;
• Choosing the cryptocurrency to buy;
• Entering wallet address for receiving cryptocurrency;
• Selecting payment method and confirming the purchase;
• Verifying account.

Founded in 2018, Mercuryo has maintained its position, initially gaining popularity mainly in the CIS region but later expanding beyond.

A wide range of partners among cryptocurrency services and payment systems allows Mercuryo to continuously improve and cover more markets. The company holds licenses in Canada and the UK and is legalized in Croatia, Italy, and Spain. Significant investments in compliance with local laws and regulations of different countries confirm the quality of service and its commitment to long-term market presence. This is especially important today, as cryptocurrency faces constant scrutiny, increased AML controls, and growing questions from governments. Being fully compliant with legal requirements is a significant advantage, ensuring clients of honesty and legality of all provider actions.

In conclusion, cryptocurrency is here to stay, and keeping up with the latest developments is essential for all of us. Our website offers various articles and reviews on this topic, as well as expert materials about payment systems. Follow us and stay informed!