Uphold accepts US members to top up via bank transfer, credit card, and debit card

San Francisco-based cloud financial services platform Uphold announced today that all members in the United States can top up their accounts directly through bank transfers, credit cards and debit cards; this is the second phase of the company's global business expansion after launching the top-up service in Europe. This feature combines traditional finance with new distributed finance, thereby attempting to build a richer financial ecosystem - the Internet world of currency.

Prior to this, all Uphold members in the United States had to purchase Bitcoin to top up their accounts. Today, Uphold members can not only top up their accounts through bank transfers, debit and credit cards, but also withdraw cash directly from their Uphold accounts to the bank cards associated with their accounts. Currently, the Uphold platform not only supports 24 currencies and 4 rare metals, but also enhances the security and convenience of transactions.

Anthony, President and CEO of Uphold, said:

The launch of the ACH Center has laid the foundation for Uphold to become a barrier-free, socially accessible and free financial service platform; today's society needs a more convenient way to keep their hard-earned money, so it is particularly important to eliminate many unnecessary fees, whether it is account inquiry fees or the processing fees required to send money to family members who need to make a living. Compared with traditional financial service platforms, Uphold's services are more convenient and the fees are lower. In addition, we provide comprehensive financial information disclosure. We are doing our best to change the status quo in the financial service field.

In the coming weeks, Shangchi plans to launch the same service in中国and印度(China is an internal test version), including Visa, MasterCard, Discover digital cards and other debit cards.

Shangchi will continue to support Bitcoin recharge. Currently, Shangchi is one of the cheapest and most convenient platforms for purchasing Bitcoin worldwide.

Uphold’s API, Uphold Connect, can provide other commercial companies and software developers with rich business expansion possibilities, whether as a free, instant property storage service platform or a platform that provides secure and fast currency exchange.

Availability: Currently, the bank card binding service is only available to members who have completed real-name authentication and is only available in the United States and confirmed countries in Europe.

Fee system: Due to third-party partnerships, a small fee will be charged for transactions exceeding a certain limit.

Debit and credit cards: A 2.75% processing fee will be charged for each debit and credit card top-up transaction. Currently, only Visa and MasterCard are accepted.

Bank transfer: Each Shangchi member can enjoy a free withdrawal limit of no more than US$12,000 (equivalent to 10,000 euros, 8,000 pounds) each year. After exceeding this limit, a 0.5% handling fee will be charged for each transaction.

About Uphold

Uphold is committed to providing convenient, secure, and instant currency exchange and transfer services to every user, supporting 24 currencies and 4 rare metals. As of today, the total transaction volume on the Uphold platform exceeds 620 million US dollars, covering thousands of users in 168 countries. It was originally founded by Halsey Minor in 2014 and is headquartered in Charleston, South Carolina, with branches in San Francisco, London, Braga and Shanghai.

Original link: http://www.businesswire.com/news/home/20151123005587/en/
Editor: Meng Dada
Source: Babbitt Information