Safello launches European-wide credit card support and re-enters Norway

News Aug 09, 2017
Game on at Safello!

We set out to fill the gap of credit card purchases for Bitcoin in Europe after Circle’s departure. Today we announce European-wide credit card support for Mastercard and Visa with 3D Secure.

In the past months we have quietly tested credit card support for GBP. Now we are adding EUR, NOK, DKK, CZK, CHF and HUF while opening up GBP for everyone.

Screenshot from Safello’s buy page for CZK

Purchasing limits are automatically calculated as you use Safello’s service. Limits are calculated per currency as seen in the screenshot below.

Screenshot from Safello’s interface showcasing limit warnings.

In your order history you can track the status of your order. When your order is placed you should see a popup in the interface confirming so. A similar popup appears when placing a sell order.

Screenshot of the order history for two credit card orders. One has failed, the order hasn’t been executed yet.

When your order is listed as pending, it is flagged for manual review by our staff or there could be an issue with your order. Due to the high risk nature of credit card payments, this can be for numerous reasons. Our support staff will contact you if input is needed, otherwise the order will be executed after manual review.

Re-entering Norway

Safello supported the VAT case that went to the European Court of Justice. In October 2015 the court ruled that VAT will not be applicable to Bitcoin transactions. This year Norway followed the ruling. This opened up the route for Safello to re-enter the Norwegian market. Since we had done all the work for the first market entry, we were able to activate Norwegian purchases relatively quickly for SEPA and local bank transfers with added support for Visa and Mastercard.

Safello supports SEPA, Visa, Mastercard and local bank transfers for NOK

To further help Norwegian customers to conveniently buy their bitcoins, we partnered up with Norwegian Bank ID, so customers can identify themselves with a single-click verification procedure. Safello is the first to re-enter the Norwegian market and we look forward to welcoming more Norwegians to our platform as we aim to continue to improve the experience.

About Safello

Founded in July 2013 Safello set out to bring greater compliance and security to the cryptocurrency industry. Its user-friendly approach has since attracted tens of thousands of customers throughout Europe with an easy way to get into the cryptocurrency market. Today Safello supports direct payments in 32 countries and payment methods like Swish, bankgiro, SEPA, credit card and international wire. With tens of millions of SEK, DKK, NOK, Euro, HUF, CHZ, CHF and GBP in and out of cryptocurrency processed, Safello is leading the charge in Europe. In 2016 Safello acquired the assets of BT Technology (originally ICBIT) to prepare for its next phase of growth.

Our backers include the largest blockchain fund in the world, Digital Currency Group, Erik Voorhees, Roger Ver, Nicolas Cary and Safello closed a crowdfunding round in 2015 that was oversubscribed within a week. Safello is a Techstars alumni, nominated “best crypto currency company” by Techcrunch’ The Europas twice, winner of the Websummit Angel Awards, Finalist of the BBVA Challenge 2015 and the first company to close a Bitcoin proof-of-concept with a tier I bank, Barclays.

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Frank Schuil

CEO & co-founder Safello.

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