What is QbitPay? QbitPay Review

QbitPay (Hangzhou QbitPay Network Technology Co., Ltd.) is a technology company that uses cutting-edge blockchain technology to provide one-stop cross-border financial services to enterprises. Its core product, QbitPay, is a global cross-border payment and collection integrated platform. Its main business covers the payment (pay-in), foreign exchange (FX) and payment (pay-out) links in cross-border transactions, providing end-to-end solutions.

Qbit creates a new generation of technology financial products for the millions of small and medium-sized enterprises that go overseas in the era of digitalization and globalization, providing more convenient, efficient and low-cost cross-border fund management solutions to meet all needs of cross-border fund flow.

Driven by technology and based on security and compliance, Qbit has innovatively developed global accounts and "quantum" virtual card products to support global fund collection, payment and spending management for overseas companies, helping and supporting the development of international business for global companies.

Every aspect of Qbit's focus is to support the unlimited possibilities of your global business development.

About QbitPay

QbitPay currently has offices in Hangzhou, China, San Fransisco, USA, and Singapore. It has also reached cooperation with many well-known financial institutions and digital currency trading platforms around the world, and a cross-border payment network around the world is gradually taking shape. Most of the QbitPay team members graduated from prestigious American universities, such as Stanford University and Carnegie Mellon University, and have many years of work experience in Silicon Valley technology companies and large domestic Internet companies. QbitPay's vision is to use blockchain technology to create more value in the cross-border financial field and use technology to empower finance.

Products and Services

1. Foreign exchange

QbitPay uses blockchain technology to build a new global clearing network to reduce exchange costs and control exchange rate risks.

2. Global payment collection

With just one QbitPay account, multiple cross-border payment solutions help customers receive payments around the world more quickly, easily and securely.

3. Batch Payment

Through QbitPay's cross-border payment network, customers can efficiently pay suppliers and service providers.

Service Process

1. Make an appointment

Register QbitPay and apply for a multi-currency wallet account.

2. Currency exchange/receipt

Use QbitPay wallet to exchange/receive money globally.

3. Withdrawal/Payment

Fast withdrawals/bulk payments to bank accounts worldwide.

Advantages

1. Regulatory compliance

Qbit always adheres to the principle of "compliance first, risk-based" and has obtained payment licenses from the United States and other countries and regions to ensure that all accounts and every fund are operated in the open.

2. Anti-money laundering and anti-fraud

A global professional risk management team, independently developed intelligent risk control system, escorts every transaction;

3. Privacy protection

All customer information is encrypted and protected, and strict systems and mechanisms are used to control the flow of information. Without the customer's permission, the information will never be transferred to any third party.

4. Fund security

Qbit has passed the review of many internationally renowned commercial banks and established business partnerships. Customer funds are stored and managed independently and in compliance with regulations, and are protected by regulatory agencies and banks in various countries and regions.

FAQ

Q: What should I do if I forget my QbitPay account password?

A: You can click "Forgot Password" on the QbitPay login page and follow the instructions to reset your password. You can also contact us by email at [email protected] and reset your password after submitting the required verification materials.

Q: Is real-name authentication required?

A: Yes, due to the requirements of relevant laws and regulations, and for the security of your account, you need to complete real-name authentication before using QbitPay's products and services. After logging into your QbitPay account, you can fill in and submit the materials required for real-name authentication according to the instructions on the page.

Q: What materials are needed for real-name authentication?

A: Currently, QbitPay supports 4 types of real-name authentication entities.

1. Mainland individual: If the subject type you are certifying is a mainland individual, you will need to provide a photo of your second-generation resident ID card, a photo of yourself holding your ID card, a description of your business category, and other supporting information that can prove your business category.

2. Mainland enterprises: If the entity type you are certifying is a mainland enterprise, you will need to provide the business license, description of the business category of the enterprise and other supporting information that can prove the business category of the enterprise; the identity document of the legal person of the enterprise (such as the second-generation resident identity card, passport, Hong Kong permanent resident identity card), and a photo of the legal person holding the identity document.

3. Hong Kong individual: If the subject type you are certifying is a Hong Kong individual, you will need to provide a photo of your Hong Kong permanent resident identity card, a photo of yourself holding the ID card, a description of your business category, and other supporting information that can prove your business category.

4. Hong Kong Enterprises: If the entity type you are certifying is a Hong Kong enterprise, you will need to provide the Hong Kong enterprise's business registration certificate, company registration certificate, business category description and other supporting information that can prove the business category of the enterprise; the corporate legal person's identity document (such as the second-generation resident identity card, passport, Hong Kong permanent resident identity card), and a photo of the corporate legal person holding the identity document.

Q: My account has been closed, what happens to the funds in my card?

A: We usually do not deduct your funds. Once the account is closed, it is usually impossible to provide valid proof of source of funds. We will give the customer a certain amount of time to withdraw the funds in the account and then close the account.

Q: What currencies can I top up?

A: Currently, QbitPay wallet only supports USD recharge.

Q: How to exchange foreign currency?

A: After logging into the QbitPay backend, you can complete the foreign exchange exchange on the [Exchange] page and withdraw the money to the bank account under the real-name authentication subject. (If the authentication subject is an enterprise, you can withdraw the money to the enterprise's public account and the bank account under the name of the corporate legal person). Your exchange request will be completed within 1 working day and the money will be credited to your account in as fast as 15 minutes.

Q: How to make batch payments?

A: After logging in to the QbitPay backend, you can complete the foreign exchange exchange on the [Batch Payment] page and pay to your contact account. Currently, the contact account only supports domestic bank accounts. Your batch payment request will be completed within 1 working day and the funds will be credited to your account in as fast as 15 minutes.