Moonpay becomes a New Payment Partner with Sorare

4 Mins read
moonpay, Moonpay becomes a New Payment Partner with Sorare

Sorare is thrilled to share the successful integration of the fantasy football platform with Moonpay, a payment service that will offer the community of managers more choice in deposit solutions. To celebrate this partnership, the community is being offered 0% transaction fees on MoonPay for the first 3 months after launch.

MoonPay is a third-party service that allows you to buy ETH with traditional payment methods such as debit/credit cards or even bank transfers. MoonPay currently supports a large number of conventional currencies such as the Euro and the Dollar. To add funds to Sorare with your credit card via MoonPay, simply go to the wallet icon, located at the top right of the Sorare website.

At this point, click on the option you want (MoonPay or Ramp) based also on the best exchange rate available for you in reference to your geographical region. Now set the amount of ETH you want to buy and then enter your email, this will be used to receive the payment account (or to create a dedicated account if the amount reaches a limit threshold).

If this is your first time using MoonPay, you will need to set up your account by adding a debit / credit card and verifying your personal information. Once you have finished verifying and setting up your account, you will be able to complete the payment via MoonPay. You should receive the ETH funds in your Sorare account within the next 5 minutes.

Notes on the Moonpay platform

MoonPay is a relatively new company in the cryptocurrency industry (founded in 2018) but already boasts a capitalization of over three billion dollars according to the latest round of investments raised. Based in Miami, it allows its customers to buy and sell a wide range of cryptocurrencies using conventional payment methods such as credit cards, debit cards, bank transfers and mobile wallets such as Google Pay and Apple Pay.

MoonPay technology is also sold to other cryptocurrency giants such as and OpenSea, which is one of the leading NFT markets in the world, and today also to Sorare. The company aims to provide cryptocurrencies as a service and make it accessible to the masses around the world.

The Moonpay account

Once you buy cryptocurrencies with MoonPay, your account will be created automatically. To buy cryptocurrencies with MoonPay, visit this link.

We must think of MoonPay as a “PayPal” for cryptocurrencies. It makes it incredibly easy to buy and sell cryptocurrencies using the payment methods we’re all used to when buying anything online. From a commercial point of view, MoonPay sees itself as a gateway to digital assets such as cryptocurrencies and NFTs. Although access to a few digital tokens is now provided, the company aims to expand once more customers adopt the platform.

The cryptocurrency management process is easy and quite intuitive. To use MoonPay, just visit the website and click ‘Buy Crypto’. When you choose the cryptocurrency you want to buy, your account will be created automatically. Next, you need to mention the wallet address to which the purchased cryptocurrency is to be transferred. Note that only the public key must be entered, so you will pay with the desired method and, upon confirmation, the cryptocurrency will be transferred to the cryptowallet you indicated.

MoonPay is responsible for the risk of the customer and the transaction, the processing of the payment by the company issuing the credit card or Apple Pay or Google Pay and the success of the transaction. At the heart of MoonPay is a special artificial intelligence technology that allows these transactions an extremely fast and accurate risk assessment.

Is MoonPay a reliable site?

MoonPay has adopted a strong KYC system to keep any illegal activity such as money laundering under control. Therefore, it requires all its customers to complete a series of verification activities such as: identity verification; verification of the residential address; verification of the source of income; verification of the payment method. If the documents provided are incorrect, out of date, expiring or if the images are blurry, your application may be rejected. However, you can try again by uploading an eligible document set. Once you have provided the set of verification documents and completed registration, your account limits will increase. The maximum limit is 5000 euros in 365 days, but it also depends on the region, the purchase history, the type of payment of the customer.The verification process in MoonPay can take from a few minutes to a few days, depending on the quality and accuracy of the documents sent; but once your account has been successfully verified, you will receive an email notification confirming your subscription. Additionally, you will also notice the change in your account limits.

MoonPay has a competent customer support center which primarily features a detailed FAQ section for the most common problems customers face. However, if you wish to submit a request to the customer support team, you can do so and you will be assisted rather quickly.

Final remarks

The main problem that users, especially those new to the world of cryptocurrencies, have faced is buying and selling cryptocurrency directly with their credit card or other commonly used methods. MoonPay solves this problem to a large extent by making buying and selling cryptocurrency similar to the experience in an online ecommerce store. The app is simple, doesn’t use complicated terminology, and integrates seamlessly with top wallets like Trust Wallet.

However, we do not recommend using Moonpay for extremely small transactions as the fees could be relatively significant. Overall, it’s a must try for new users and worry about the safety and security features because MoonPay is encrypted using the latest standards with PCI DSS data center storage.

MoonPay is generating a lot of interest in the cryptocurrency market due to its ease of use and simplicity. If you are interested in investing or trading cryptocurrencies, the solution that is right for you could be Moonpay.

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