PayBis exchange lets users exchange a range of e-currencies, including the option to purchase Bitcoins using Paypal. The team is planning to broaden the company and raise funds to proceed with their roadmap.
Launched in March 2015, PayBis is still a relatively small exchange company that prides itself on reliability. Even though the number of transactions amount to just over 5000 (to December 2015), the website already has1500 registered users, and boasts that is has a number of “aficionados” from previous exchange platforms. These so called “aficionados” are unrelated to the actual company, but were brought on by the founders: “We have a public reputation, which we care about greatly. Our customers feedback on Localbitcoins, Paxful, Facebook and our website is important to us. Thus many customers find us based on public and open feedback and it’s a big difference to trust a website run by well known traders comparing to some other websites on the web.” Konstantin Vasilenko, PayBis COO, explains the company’s edge over it’s competitors: “The main differences we have from our competition (other online digital currency exchanges and classical BTC exchanges) is that we offer fully managed and guided services to our customers. Similar to a Peer-2-Peer marketplace, we help and guide our customers when purchasing Bitcoin using the most convenient payment method available in their country.” It’s worth to note that this exchange is one of the few that allows users to buy Bitcoins using Paypal: “Now we are one of the few companies who accept PayPal. Which is a big advantage for customers, but a pain for us. But so far we are handling fraudsters pretty well, with less than 1% of cases.”
However the commission to buy Bitcoins using Paypal looks a little on the expensive side. It’s hovering at 17.6% at the moment […]
