Try Square Cash and use the promo code SSFWPRH to get a $5 free bonus. Circle Invest, Poloniex and SeedInvest customers are not affected by these changes… Q: I have lost my phone, how can I reset my phone number? We plan to withdraw the fee from the BTC balance in the account. Fees charged to accounts will only be deducted solely from your account balance and will never cause a negative value of funds. The target of this Gifting Circle is affluent, well-connected women Square Cash offers an auto-cash-out feature, but for that you'll pay … Once your balance is zero, we will automatically close your account. Once your balance is zero, we will automatically close your account. Circle lets you send and receive money - as well as make payments to anyone in the world - with zero fees. Users are advised to cash out their funds immediately. I don't even remember, like many, ever creating a circle pay account but as they are shutting down I'm receiving multiple emails. To send money on-chain using the Bitcoin network, you can follow these simple steps: Q: I owned some Bitcoin SV (BSV) and/or Bitcoin Cash (BCH), what happened to it? In the short term however, these changes mean affecting customers on Circle Pay today with the deprecation of our fiat payment rails. You do need to hit Cash Out with Circle to get the money into your bank account; it doesn't flow there automatically. If your account balance is equal to or less than the applicable transaction fee amount, a withdrawal will not be possible. We believe this is an integral step toward our goal of building a more connected and financially inclusive financial system on crypto and blockchain technology. As of 5pm EST, September 30th, 2019, all product support for Circle Pay has been discontinued. The cash conversion cycle (CCC) is a metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash … Once your Circle account balance is zero, your account will automatically close. Yes. What about the Bitcoin Cash & Bitcoin SV fork support? This fee will not exceed the total amount of BTC in the account. A: We do not plan to maintain wallets that support BSV and BCH, so we can no longer support these currencies during the final wind down of Circle Pay. We make payments instant, secure, and free. A: The easiest way to do that would be for you to submit **both** of the following two images: Please submit these using the secure form below: https://support.circle.com/hc/en-us/requests/new?lostDevice=true, Enter the Bitcoin address you wish to send to. They will only be able to cash out funds to their linked card or bank account. There is an exchange of a gift card for the cash, which makes it a transaction instead of the gift. This thread is archived. Circle's mobile payment platform, Circle Pay, allows users to hold, send, and receive traditional fiat currencies. If you have money in your Circle Pay account, we encourage you to cash out to your card or bank account immediately. Fees charged to accounts will only be deducted solely from your account balance and will never cause a negative value of funds. Circle Pay can be used to send and request money domestically and abroad using either a contact’s phone number or email without incurring charges for the transfer. I don’t think paying $5,000 for a $100 gift card to Victoria’s Secret is really fooling anyone, but perhaps it is enough to dodge some legal red tape? Transfer limits. USDC uses blockchain technology to transfer value over the open internet. Circle’s social payment app allows customers in the US, UK and Europe, to send and receive payments instantly, without fees. According to the company, 90% of its customers there in 2017 were below 35 years of age and 60% were less than 25 years old. This year, we are working towards merging the seamless fiat on-ramps of Circle Pay with the crypto native payment infrastructure of USDC in our other products. Maximum transfer amounts and available countries. USD Coin (USDC) represents a major breakthrough in how we use money. Q: What is the current BTC transaction fee? On Circle, you can send US dollars, euros and British pounds. Rather than waiting three to five days for money to be transferred into your account, you will immediately have the funds in your bank, but only if you have your debit card on the account. We thank all of the Circle Pay users and hope you will continue to take this journey with us. The monthly fee may re-occur until your account’s assets are escheated in accordance with your state’s applicable laws and regulations, at which time your account will be closed. I received many of these. New comments cannot … In a blog post, the company announced a multi-phase wind-down wrapping up … Do I have any alternative options to Circle Pay. A photo of your government-issued ID where all information is legible, A photo of you holding the same ID with your face in the photo as well, Circle Pay Discontinued - How to Claim Your Remaining Fiat Balance. Circle announced Thursday it would be discontinuing its mobile app, Circle Pay. As NFTs (non-fungible tokens) explode in popularity, Circle is at the forefront. Crypto-native, flexible, and scaling fast, our payments and treasury infrastructure is uniquely tuned to the needs of NFT marketplaces and storefronts. This means these customer will only be able to send the funds on-chain to another address. Prolific -- will there be any alternative way to cash out fee-free? One of the most important advantages of using Circle is that you can cash out your balance instantly if you have linked your debit card to the account. If you have money in your Circle Pay account, we encourage you to cash out to your card or bank account immediately. Marieke Flament, Managing Director Europe at Circle, explains the security measures involved in making Circle Pay safe to use. This fee will not exceed the total amount of BTC in the account. Make buying and selling NFTs simple with Circle. You do need to hit Cash Out with Circle to get the money into your bank account; it doesn't flow there automatically. We plan to withdraw the fee from the BTC balance in the account. All BCH and BSV holdings were converted  into BTC on April 27, 2020. To "cash out" on Cash App, you simply have to transfer your balance in the app to your linked bank account. The integration of USDC into Poloniex and our core wallet services will allow us to interoperate with other payment applications also built on blockchain infrastructure. Once your Circle account balance is zero, your account will automatically close. “Circle Pay lets you send money to your contacts securely and without having to pay a fee. save. Q: Will I incur fees on Circle if I do not have the assets to cover the BTC transaction fees? Circle Pay features seamless fiat payment experiences that let people around the world transact across different countries and currencies. That being said, there are some other apps that are somewhat similar to Circle Pay. hide. A: The BTC transaction fee is required to facilitate on-chain withdrawals. Circle advised all Circle Pay customers to cash out the funds in their accounts immediately. Do I have any alternative options to Circle Pay. A: Transaction fees are included with your bitcoin transaction in order to have your transaction processed by a miner and confirmed by the Bitcoin network. This means these customer will only be able to send the funds on-chain to another address. I have Bitcoin on my Circle Pay account, what do I need to do? Digital dollars work like other digital content — they move at the speed of the internet, can be exchanged in the same way we share content, and are cheaper and more secure than existing payment systems. Those who hold BTC on their Circle Pay accounts were also advised to send their tokens to other wallets, with Circle recommending Poloniex, an exchange it acquired early last year. You can send money in dollars, euros or pounds. In the long term, we believe that we will all benefit from cost efficiencies through leveraging USDC and public blockchains as our payment rails. You do need to hit Cash Out with Circle to get the money into your bank account; it doesn't flow there automatically. Circle does accept credit cards, but charges a standard processing fee if you use your card to fund your account. Circle Pay, a financial service to send and receive money for free, is now offering new users a $5 Sign up Bonus when open an account through this referral link and send at least $25 from your debit card. We will also limit new sign ups by July 8th. Circle Pay Discontinued - How to Claim Your Remaining Fiat Balance. With Circle you can link to your debit card and bank account to add money to your account or cash out. You can also add money and cash out with no fees when you use a linked debit card … Prior to your account’s assets being escheated, you may contact Circle support and begin the process of withdrawing your BTC. To send money on-chain using the Bitcoin network, you can follow these simple steps: In April 2016, the British government approved the first virtual currency licensure to Circle. report. A: The BTC transaction fee is required to facilitate on-chain withdrawals. I just got an email from Circle announcing that they are shutting down Circle Pay as of July 8. With over 10 years of … Once the money was in my circle account it only took 24 hours to cash out to my bank account. More importantly, USDC will allow customers to transact with more people around the world, as it utilizes public global blockchains that enable anyone with an internet connection to transact. Review: Circle Pay, the cheapest way to send money between countries. Paid Viewpoint. I don't use the phone app though despite the reward, I use the desktop version. The team of Circle, a digital payment company founded in 2013, today announced it will begin the process of terminating support for its payment and wallet app, Circle Pay. As the Circle Pay product has been discontinued for fiat accounts, customers are no longer able to convert their account balances from BTC or cash out funds directly. What happens if I lose/change my device? Circle is the easiest way to send and receive money. I have Bitcoin on my Circle Pay account, what do I need to do? In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services. Once your recipient receives the funds, they can cash out via debit card or bank account. I use Circle for cashing out on Prolific Academic and it is totally free. Circle has both weekly and daily limits, and the countries it supports . Circle Pay features seamless fiat payment experiences that let people around the world transact across different countries and currencies. A: Starting on June 1st 2020, we plan to begin charging a monthly service fee equivalent to $10 USD for Circle Pay customers who hold BTC in their Circle Pay account. Q: What happens if I don’t withdraw my crypto assets from Circle Pay? As the Circle Pay product has been discontinued for fiat accounts, customers are no longer able to convert their account balances from BTC or cash out funds directly. Cash App and Venmo are first and second, respectively. This is another survey website but unlike several others, the website doesn’t pay … Circle Invest, Poloniex and SeedInvest customers are not affected by these changes. What about the Bitcoin Cash & Bitcoin SV fork support? Q: Why did you convert  my Bitcoin SV and/or Bitcoin Cash into Bitcoin? Circle Pay Discontinued - How to Claim Your Remaining Fiat Balance Circle Pay Dormancy Fee Why is Circle Pay discontinuing? Starting on June 1st 2020, we plan to begin charging a monthly service fee equivalent to $10 USD for Circle Pay customers who hold BTC in their Circle Pay account. They started by saying cash out your £2, of which I ignored for the hassle of £2. 7 2 27. comments. July 8: Customers will no longer be able to add money or send money to anyone through their Circle Pay account. If you held BCH and BSV balances post March 1, 2020, your account assets have been converted  into Bitcoin. Last year, we worked to build upon our existing blockchain infrastructure to launch USDC (US Dollar Coin) -- a digital token whose value is tied to the US dollar that has already been integrated into hundreds of other products and services, and handled nearly $2B in transaction volume on-chain. For Pay EEA and Rest of World Customers: As communicated on January 30, 2020, an account maintenance fee may be deducted from your remaining BTC balance on a monthly basis. I have Bitcoin on my Circle Pay account, what do I need to do? I was a bit dubious at first but once you've linked your card the process is very quick. share. A:  As communicated via email in December 2019, we do not plan to maintain wallets that support BSV and BCH, therefore, we can no longer support these currencies during the final wind down of Circle Pay. Competitors to Circle Pay (and their bonus codes) We really like the simplicity and cost (free) of using Circle Pay. Furthermore, at the time of escheatment a $30 fee may be charged to cover the cost of sending the unclaimed property to your state, unless otherwise restricted by applicable law. Simply create your free Circle Pay account, then link your bank account, debit card, or credit card to your account and send money to your friends and family. They then said I will be charged a yearly £30 dormancy fee if I didn't cash out. The current average fee is 0.00025 BTC per transaction. Security on Circle Pay How do I cash out money from my Circle account? The Circle Pay app was popular with Millennials in Europe. A: For Pay US Customers: As communicated on January 30, 2020, an account maintenance fee may be deducted from your remaining BTC balance on a monthly basis. 100% Upvoted. And unlike Square Cash, Circle … How do I cash out money from my Circle account? For affected users, the relevant dates, according to the Circle blog post, are: July 8: “Customers will no longer be able to add money or send money to anyone through their Circle Pay … If your account balance is equal to or less than the applicable transaction fee amount, a withdrawal will not be possible.