FCF Pay is a Bitcoin bill payment process, that currently is available to customers in the United States.
The FCF service allows bill payment in 20,000 stores, credit cards, banks and utilities. You search the list of companies that are available to bill payment on this page.
The system works by funneling Bitcoin transactions through the FCF gateway, where the Bitcoin is automatically converted to fiat currency. This typically takes between 24 to 48 hours. Once completed, the bills are settled in USD. The fees for bill payments are 2% + $3 per payment.
Payment For Mortgages and Credit Card Loans
Chase Bank recently announced that they using FCF Pay to enable their customers to pay their mortgages and credit card loans.
HSBC is also allows mortgage and loan payments via FCF Pay.
FCF Credit Cards
FCF Pay offers a crypto credit card with minimal KYC (Know Your Customer) requirements and a daily limit of up to $5,000. They also recently announced a higher limit card with a daily limit of up to $150,000, requiring ID verification.
The fees for using FCF Pay to load balance onto these prepaid virtual cards are:
- $6 card creation
- 4% load fee
- Foreign exchange fees may apply if purchases are made in a currency other than the card’s native currency.
- Cashback, discounts and offers are available. to members of the FLAME program.