Paycent if a payment processing provider. They look to facilitate seamless changing between cryptocurrency and fiat currency. They have a mobile wallet which allows users to change between digital assets and also links to the Paycent card. Paycent offer both a virtual and a plastic card, both of which are free to order. Normal shipping costs will apply to the plastic card. The card enables users to pay merchants and conduct international remittances in the same manner they would with a typical debit card.
Currently, Paycent offers the Paycent Ruby card, but they have two more cards in the pipeline which will have certain privileges and increase spending limits. The Ruby card has a daily withdrawal limit of $2,500 and also a daily spending limit of $2,500. Fees are lower than most competitors in the space. However, there is a loading fee of $2.5 or 1.5% (whichever is higher) which is higher than some.
Paycent have an important partnership with Dash. With Dash being a large-cap cryptocurrency and offering an instantsend feature for high-speed transactions, this partnership adds both credibility and value to Paycent. Paycent is currently restricted from Europe and North America. They support use in over 200 countries but these are two key markets which hold great importance.
- Partnership with large-cap cryptocurrency Dash
- Fees are lower than most competitors with no service fees and no fees for ordering card
- Paycent is unavailable in both Europe and North America
- Loading fee for the card which some competitors do not have