How To Pay Bills With Crypto?

Bitcoin debit cards

If you’re looking for an easy way to use your digital coins in the conventional marketplace, Bitcoin debit cards are a great option that can quickly convert your BTC into USD or EUR with small processing fees.

With these debit cards, you can shop at any store just like you would with your standard bank issued debit card or credit card. The merchant always gets paid in their local currency, and it’s possible to sign up for an auto-pay system just like you would with a typical credit or debit card.

Here are three things to keep in mind when using Bitcoin debit cards:

1. Each transaction will have a small processing fee, but it will be a lot less than what you would pay to convert your crypto coins to fiat currency on a cryptocurrency exchange like Coinbase or Binance.
2. The conversion protocol used by most Bitcoin debit cards quickly converts your BTC into USD or EUR when using the card at a merchant’s location.
3. You can easily manage and monitor your transactions through mobile apps provided by the companies issuing the cards.

Crypto debit cards make it convenient and efficient to spend cryptocurrency directly without worrying about converting them first. However, if you prefer not to use a physical card, there are other options available such as bitcoin powered bill pay services that allow direct payments from your digital wallet for bills and subscriptions.

Bitcoin Powered Bill Pay Services

If you’re interested in Bitcoin-powered bill pay services, there are several options available to consider.

Bity

You’ll discover that Bity is a trusted and secure platform that allows you to easily convert fiat money into cryptocurrency and send it anywhere, providing greater financial freedom.

With over 78,000 users in 98 countries, Bity follows industry best practices for account security and privacy while also being Swiss regulated and AML compliant.

Using Bity, you can pay bills and shop online with cryptocurrency by converting EUR or CHF into BTC or ETH. Additionally, Bity supports SEPA transfers for bill payments and money transfers, making it easy to use crypto for all your financial needs.

Spritz Finance

Spritz Finance offers seamless integration of your on and off-chain finances, allowing you to easily connect your crypto wallet with IRL expenses and earn while managing your finances.

With Spritz Finance, you can program payments instantly without the need to unwind positions or off-ramp to a bank. The platform offers a one-step off-ramp process that saves time and fees.

You can load your SpritzCard with crypto and use it to pay for anything in the real world. The platform unlocks financial utility from crypto and on-chain earnings, connecting thousands of traditional finance accounts so that you can pay any bill under the sun, including credit cards, rent, utilities, and subscriptions like Netflix and Hulu by connecting your credit card to Spritz Finance.

Users can link their preferred crypto wallet like MetaMask, Coinbase Wallet, Ledger or others supported by the platform to make payments with any crypto held on Polygon, Ethereum Mainnet, Avalanche, BNB Chain among others including major stablecoins and non-stablecoin tokens.

SwapinPay

Looking for a safe and reliable payment option to manage your finances with crypto? Check out SwapinPay! They’re a licensed services provider under European regulation and offer innovative solutions for paying bills or transferring money using cryptocurrencies.

With fees starting from 0.9%, you can choose the crypto asset you want to pay with and enjoy instant conversion and settlement without any crypto risk. SwapinPay also provides personalized service with dedicated account managers who can assist you with setup and any questions you may have.

Plus, there are no accounting issues or price volatility risks thanks to the easy transfer process. Simply enter the SEPA bank account details of the recipient and transfer your crypto from your personal wallet or scan QR code, while your chosen cryptocurrency is instantly exchanged for money (EUR, GBP).

Read our detailed review on SwapinPay if you want to learn more.

Gilded

Gilded is a New Orleans-based company that provides secure and privacy-focused solutions for businesses to simplify their crypto accounting and payment processes.

With its Bill Pay portal, Gilded allows businesses to send crypto payments and track expenses while adding context to outgoing transactions for accurate accounting.

Its 100% non-custodial solutions support over 30 currencies, including BTC, ETH, and major stablecoins.

Additionally, expenses can be synced to QuickBooks and Xero with automated crypto accounting while blockchain provides an immutable record of payment for reporting expenses.

Gilded integrates seamlessly with QuickBooks and supports formatted CSV upload for Xero while also offering contact management tools to make paying expenses in crypto easy.

The Bill Pay feature is available to all users, including free ones who have a $2,500/mo limit on payment volume.

Direct crypto payments

You can easily use cryptocurrency to directly settle your expenses with merchants who accept this form of payment, eliminating the need for intermediaries or service charges. Direct payments are a popular choice among crypto enthusiasts since it allows them to bypass banks and financial institutions that may charge high fees or delay transactions.

Here are some tips on how to pay bills with cryptocurrency directly:

• Check if the merchant accepts cryptocurrency as a form of payment.
• Initiate the transaction by scanning the QR code provided by the merchant or entering their wallet address.
• Confirm the amount and currency before sending the payment.
• Wait for confirmation from the blockchain network, which may take a few minutes to hours depending on network congestion and transaction fees.
• Keep track of your spending and receipts using a crypto portfolio tracker app.

Using direct crypto payments may have its advantages in terms of speed, cost-effectiveness, privacy, and security.