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Author Topic: WalletBit Merchant Bank Transfers, Starting as Low as 2.75%  (Read 2724 times)
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December 03, 2012, 05:58:29 PM
Last edit: December 03, 2012, 10:29:50 PM by bittenbob

After much anticipation, WalletBit is now offering bank deposits for merchant accounts starting as low as 2.75%*. Whether you require Euro, DKK, CAD or USD, WalletBit is able to deposit local currency into your bank account. Funds are sent via domestic, international or SEPA wire transfers from our Danish bank account.

We transfer local currency to your bank account every Monday as long as your balance is above the minimum. You have the ability to set your own minimum transfer level up to $/€100 and any balance not transferred will be carried forward to the next week.

It's easy to get started:

1. Sign up for a WalletBit merchant account
2. Enter your bank profile information into our secure database
3. Accept Bitcoins at your business through our Mobile Checkout, POS (Coming soon), PHP buttons, or one of our many shopping cart plugins (link)
4. Receive DKK, Euro, CAD or USD in your bank account.

In addition we have lowered our Ewallet USD price to a flat 1.78% (0.89% + 0.89%). This means you can automatically convert your mining profits or any other any other Bitcoins you receive instantly to MTGox USD for just 1.78%. For more details on how to enable MTGox instant ask on your WalletBit account please see

Keep up to date with the latest WalletBit news and be the first to learn about our upcoming promotions/features. Follow us on Twitter, Facebook or read our new blog at


Q: How do you keep my banking information safe?
A: At WalletBit we are ACID compliant and PCI-DSS ready. We encrypt your data using AES-256 encrytption. In addition we offer 2 factor authentication via Google Authenticator and our proprietary SecureCard technology adds yet another layer of protection.

Q: When will my money be transferred to my bank account.
A: Bank transfers are processed on Mondays and usually arrive within 24 hours.

Q: Are you providing an exchange service?
A: No, we do not operate an exchange. We sell any Bitcoins we receive instantly at market rates to fulfill your order.

Q: What fees are there for using the service?
A: We charge no monthly fees but there is a 0.89% fee for accepting Bitcoins-only and fees starting from 2.75% for automatically converting them to DKK, Euro, CAD or USD. Please see our complete pricing guide at

Q: Can I receive wire transfers outside of Europe.
A: Yes. Please see our pricing guide for more information.

Q: Is there a minimum amount for transfers?
A: There are no minimums for DKK, however there are minimums for Euro, CAD and USD. Please see our pricing guide for more information.

Q: How soon will I receive my funds.
A: Most transactions should be completed within 24 hours of the bank transfer taking place. You can view your transaction history at

Q: Can I use the bank wire option in conjunction with your Mobile Checkout?
A: Yes. Bank wires will work with all of our merchant services including checkout buttons and our Mobile Checkout.
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