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Selling crypto: why is my payment taking so long or was refunded?

Payment refunded or taking too long

Updated this week

Your selling (crypto to fiat) order may take longer than usual for the following reasons:

  • The first and last name you provided on the Bity interface does not match the bank account holder's first and last name registered with this bank, so the bank reversed / refused the order.

  • Your bank or service provider refused the payment. Your payment will be refunded to our bank account. In this case, we need another bank account to send your funds to. If this happens, you will be contacted by our team. They will ask you to provide another bank account where we can send your funds. This process must be completed by us manually, and that's why it may take some extra time.

  • You placed your order with a specific amount and sent us a different one. This mismatch in amounts may result in automatic cancellation of the order.

  • If insufficient funds are sent during transactions, the order may be automatically cancelled to prevent processing errors. Confirmation is required to verify access to the original cryptocurrency address to return funds.

  • If you don't use enough fees the transactions will not reach the minimum number of confirmations, and without those the conversion order is not executed.d.

To avoid refused and refunded payments:

  • Please make sure that the bank or service provider you fill as the payment destination accepts payments from crypto service providers before opening your order with us. To do this, please check your bank or service provider's terms and conditions before using them for crypto orders.

We are a reliable, licensed, and regulated crypto finance service provider and brokerage with strong, trusted relationships built with many Swiss banking branches. A situation where a bank refuses payment from our company is very rare, but it can happen.

Withdrawal Timelines

Timelines for withdrawals from Bity orders vary depending on the banking system involved. Here are the general expectations:

  • Domestic or SEPA Transfers: Typically completed within 1 to 2 working days for EUR or CHF transactions.

  • International Transfers: These transfers may take longer and depend on the recipient's location and banking infrastructure.


​List of popular banks and service providers that currently do not accept crypto related funds:

  • Payoneer

  • Wise ( TransferWise )

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