What Is AdvCash Or An Off-shore Payment Card Alternative

Deposit funds to AdvCash account and then:

• buy from merchants that accept AdvCash payments
• send money to friends or family
• deposit to services (such as forex brokers) that accept AdvCash
• exchange your cash for a different fiat or crypto currency
• Get an ADV cared (discussed later) and use it like a debit card against funds in your account.

You can deposit funds in USD, EUR, GBP, RUB, BRL, TRY, UAH, KZT, and VND.  You can store, buy, and sell cryptocurrencies within your AdvCash account. Essentially, if you’re sending or receiving digital payments in fiat or crypto, then AdvCash can help with that process.

It is especially useful if you need to send money overseas – out-of-country wire transfers at the bank are cumbersome and expensive. Now, you can send money around the world,instantly in many cases, for a low fee or even free. You can also receive money from people around and easily and then withdraw it to your local bank account or credit card.

Businesses and individuals that send or receive international payments can benefit from an AdvCash account. Let’s get into the details.

AdvCash is licensed by the Belize Financial Services Commission as a payment processor. The cautious among us will be heartened to know that AdvCash has been providing services since 2014 and has a 4.2 out of 5 rating on Trustpilot with more than 2,300 reviews.

Since AdvCash has an emphasis on foreign transfer, it also makes sense that they have over five million customers and provide services in more than 150 countries. Live agent customer support is available 24/7/365, with responses typically received within minutes according to AdvCash.

Here’s how you can deposit funds to your AdvCash account:

• Receive funds from another user or service
• SEPA transfer
• Credit card
• Cryptocurrency (USDT, USDC, BUSD, BTC, ETH, LTC, BCH, XRP, ZEC, TRX, BNB)

Here’s how you can withdraw funds from your AdvCash account:

• Transfer to a crypto exchange
• Transfer to another business or service (such as a binary options broker)
• Buy products from merchants that offer AdvCash payments
• Transfer to another person
• SEPA transfer
• Local bank transfer
• Credit card
• Exchange for another currency or cryptocurrency

Fiat currencies supported are USD, EUR, GBP, RUB, BRL, TRY, UAH, KZT, and VND.

AdvCash Fees for Deposits and Withdrawals

Some deposit and withdrawal methods are free on AdvCash, while others are charged a fee. For example, transferring or receiving funds from another AdvCash account is free.

However, to transfer money outside of AdvCash (or to transfer it in from outside) a fixed fee will be incurred or a percentage of the transfer amount. Fees vary based on the account currency and the deposit or withdrawal method used.

Transferring from a US or EUR Mastercard or Visa incurs a 3.5% charge on deposits and 2% + $3 or 2% + €3 fee on withdrawals. Here is a full list of fees based on the various transfer methods:

Remember to use your real name, because you’ll need to verify your account later on once you start transferring money. Also, make sure to use a functional email address because AdvCash will send you an email asking you to confirm the address.

For a business account, input your email and business details. Then agree to the User Agreement and Privacy Policy, click register and you’re ready to go. Check your email and confirm the email address by clicking on the link in the AdvCash email.

How to Verify an AdvCash Account

Verifying the account allows you full access to AdvCash features and is required by law for financial services companies.

For security purposes, AdvCash protects all its users by requiring a simple verification process. Verifying the account is relatively easy. It requires that you provide AdvCash with proof of your identity, address, and a way to contact you.

You will be asked to submit a number of documents. Once you do, if all the documents are satisfactory and meet the requirements of the verification, then your verification should be approved within a few days.

1. Identity Verification

For this step, you will need to take a picture of your driver’s license or passport and upload it. This way they can verify that the account belongs to an actual person.

2. Verify Address

To verify your address, upload a picture or PDF file of a utility bill showing your name and address. This shows that you live where you say you live.

3. Verify Phone Number

This step is for security reasons. When you login to AdvCash, you may receive a text that includes a special code. Inputting the code allows access to your account. It is an extra layer of protection to help prevent your account from getting hacked.

Verification is required by law for financial services providers, and it also allows you to send and receive more funds. According to AdvCash, “Before verification, the internal transfer limit (received and sent combined) is $100 per transaction, $250 per day, and $999 per month.

Owners of verified personal accounts can make internal transfers (received and sent combined) of up to $299,999 per month and up to $49,999 per day or per transfer” External transfers are limited to $500 per day and $2,500 per month prior to verification. After verification, users can externally transfer as much as the payment method allows.

An ADV Card is another way you can use and access your funds in AdvCash wallet. Maybe you don’t want to withdraw your funds back into your local bank, but you do want to spend your money in the AdvCash account. The ADV card allows you to do that.

Generally, there is no fee for using your ADV card at merchants. There are fees for depositing or withdrawing from your ADV card, checking balances, declined payments, currency conversions, and chargebacks. Card fees vary by region and currency. Here is a sample of the fees for a European ADV. International cards have similar fees.

If you are interested in an ADV card, check with AdvCash to make sure it is available in your area, and research what fees apply to that specific card.

If you want to spend your crypto funds without converting them to fiat and then sending them to your bank or credit card, the ADV crypto card is a way to do it. However, it isn’t a cheap service.

Every ATM withdrawal or making a purchase with the debit card costs 0.75% of the sale amount. There is also a maintenance fee of $60 per year. Here is a full rundown of the fees so you can see if it is right for you.

With AdvCash for business, you can send and receive payments in nine different fiat currencies and 11 cryptocurrencies. Here are the main ways you can use a business account:

• Send and receive to/from AdvCash users
• Send and receive credit card and crypto payments
• Convert currencies and crypto assets
• Deposit and withdraw manually using the various methods
• Use prepaid cards

Fees tend to lower than major competitors like PayPal and Skrill.

With AdvCash, you can get your own unique IBAN bank account with your name on it. This allows you to send or receive SEPA payments with ease.

Send or receive SEPA payments to/from crypto exchanges, businesses, affiliate programs, clients, friends, and family. Instantly transfer between your IBAN account and your AdvCash wallet. The fees start at €2.99 per month.

How to use AdvCash Binance?

AdvCash and Binance have a partnership. You can buy and sell crypto within your AdvCash account or within your Binance account. You can transfer to and from your Binance account for free.

How to transfer money from AdvCash to PayPal?

AdvCash and PayPal are both ways to send and receive money, so this type of transfer isn’t recommended since it will incur fees. However, if you did want to send to your PayPal account, you would need to send the funds to your bank or credit card first, then make the deposit to PayPal using your bank or credit card.

How to send money to AdvCash?

You can send money to an AdvCash account using crypto, or 9 different fiat currencies via SEPA transfer, local bank transfer, or credit card.

How to withdraw from AdvCash?

You can send money from your AdvCash account to another crypto account, a bank via a Sepa or local bank transfer, or you can withdraw to a credit card. You can also get an ADV card and use it like a debit card against the funds in your AdvCash account.

Does AdvCash have a referral program?

Yes, click on the Referral Program tab inside your AdvCash account. It will provide details on how to make money by referring others to AdvCash. If they open an account and make transactions, you will get 20% of any applicable fees they pay.

Final Thoughts on AdvCash

AdvCash is a highly flexible and low-cost solution for sending and receiving money. It is easy to set up the account and get verified. An important and key feature is AdvCash allows for the sending, receiving, and storing of both crypto and fiat currencies. This puts it a step above many of its competitors that only deal in fiat or only deal in crypto.

It is regulated, has a high Trust Pilot rating, and has been in business for nearly a decade. Its responsive customer service team is available should you have any questions or concerns. Open an account and try it out for yourself!