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Circle Pay is a payment processor just like PayPal, Skrill, Payeer etc. Through its website or mobile app, users can easily send money to other users for free and also receive money. Circle Pay initially started as a way of sending and receiving Bitcoin but things have changed and one can now send FIAT money like USD, EURO and Pounds.
Circle Pay seems to be a legit app cause its claim to be regulated by Financial Conduct Authority (FCA) and it is also backed by financial powerhouse Goldman Sachs and other major investors. The company behind Circle Pay is also responsible for a lot of popular projects like Circle Invest, Circle Trade, Circle Research and Circle Coin (USDC).
It is important to note that Circle Pay is currently not available worldwide and only available in 29 countries.
- Mobile App
Circle mobile app was designed to ease the process of making payment, making it fun, simple and fast. The app interface is designed in form of conversation. Send and receive money just like text messages, add photo, gifs and more. The app also features password, fingerprint, and FaceID which can also be set up. The app is available for both Android and iOS.
- Getting Started With Circle Pay
1. Download and Install Circle Pay app directly from your respective app stores. The app is free but it is important to note that it not available worldwide, failure to find it on your app store probably means its not available in your country.
2. After installing, launch the app, accept it permissions and follow the basic setup process.
3. After setting up, the next step is to link your debit card with the app. You can easily link your debit card by entering your card zip code and CVV number.
That all you need to do to start sending and receiving via Circle Pay.
Pros:
1. Send and receive money to anyone without being charged any fee.
2. Easy to setup and use.
3. Fully regulated by FCA.
4. Features Password, Fingerprint and FaceID lock.
5. Send and receive money with a weekly payment limit of $400.
6. Fast bank transfer.
7. Send and receive money in Euro, British Pounds, and US dollars.
Cons:
1. Not available worldwide.
- Referral Program
The app also features a referral program where you can refer up to a maximum of 100 people. Whenever someone signs up using a referral code, that person will receive $10 credit after the person has linked his/her debit card and made a transfer of at least $25. The person who invited that person will also be credited with a $10 bonus. Earn bonus can be cashed out or sent to another Circle Pay user.
It is important to take note that this referral program is not currently available to everyone.
