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Funding your Giftbit Account
Funding your Giftbit Account

Information on credit cards, wire transfer, bank transfer, ACH, EFT

Matthew avatar
Written by Matthew
Updated this week

There are three different options available for funding your Giftbit Account:

๐Ÿ’กFor information on funding currencies that are not USD or CAD, please click here.


Credit Cards ๐Ÿ’ณ

Giftbit accepts the following credit cards for adding credits to a Giftbit account

  • USA: Visa, MasterCard, American Express, JCB, Discover, and Diners Club

  • Canada: Visa, MasterCard, and American Express

A 3.5% fee applies to credit card payments.


Wire, Bank Transfer, ACH, EFT ๐Ÿฆ

Giftbit does not apply any additional fees to bank transfers.
โ€‹
When sending a Wire Transfer include a note on the transfer that includes your Giftbit username (Email).
โ€‹
โ€‹Giftbit Recommends: Allowing 2-5 business days for processing, if the funding has not been applied after this time period contact finance@giftbit.com
โ€‹

๐Ÿ‘‰ Giftbit Recommends: If you require a receipt/invoice follow the steps listed in Finance: Request an invoice/receipt

Wire Transfer Information

๐Ÿ‡บ๐Ÿ‡ธ Bank Transfer Details (USA)

  • The following Instructions are for American funds only:

  • Bank: BMO Harris Bank
    111 West Monroe Street
    Chicago, IL 60603

  • Routing/Transit: #071000288

  • Account: 3098613

  • SWIFT: HATRUS44

  • Beneficiary Name: Giftbit, Corp.

  • โš ๏ธ Important: include a note on the transfer with your Giftbit username (the account where the credits should be deposited).

๐Ÿ‡จ๐Ÿ‡ฆ Bank Transfer Details (Canada)

  • The following Instructions are for Canadian funds only:

  • Bank: Bank of Montreal

  • Transit: 00120

  • Institution: 001

  • Account: 1994419

  • SWIFT: BOFMCAM2

  • Beneficiary Name: Giftbit Inc.

  • โš ๏ธ Important: include a note on the transfer with your Giftbit username (the account where the credits should be deposited).

๐Ÿ’ก Bank Transfer information is also listed on the Giftbit dashboard

  1. On the drop-down menu on the left-hand side select Account

  2. Click the Wire Transfer Information button

  3. Select desired currency


Direct Debit โžก๏ธ

๐Ÿ‡บ๐Ÿ‡ธ Direct Debit is currently only available for USD Funding

Direct Debit is a hassle-free payment option for your Giftbit account that securely links to your bank, facilitating withdrawals of specified amounts. This method offers two convenient options for payments:

  1. One-time Payments: Initiate a payment whenever you need to make a one-off transaction by instructing the Giftbit team accordingly.

  2. Auto-Withdrawal: Set up automatic withdrawals when your account reaches a predefined threshold, streamlining your payment process.

Who Can Sign Up?

Direct Debit is available for accounts funding for USD sending.

How to Get Set Up

To enable Direct Debit for your Giftbit account, you need to complete a contract. Contact our support team (support@giftbit.com), your Sales Representative, or your assigned Customer Success Manager (CSM) to initiate the setup process.

The contract is necessary for Giftbit to withdraw from your account, nevertheless, your account still has access to all benefits; no minimums or subscription fees.

Processing times

The timeline for processing Direct Debit payments, from the moment of withdrawal to posting in your account, is comparable to wire transfers. Anticipate a processing window of approximately 5-7 business days.


International Funding ๐ŸŒ

In order to get funds for international sending you will need to reach out to Giftbit to process the currency exchange. There are two options for currency conversion:

If you require a formal invoice or need to know how much funding will be required to cover the currency conversion, reach out to finance@giftbit.com with the currency you need, which currency you would like to convert from (USD or CAD) and the amount you need for the

If you have credits already in your account that you would like to convert and do not need an invoice, reach out to support via the live chat (bottom right) or support@giftbit.com.

Any pending international orders in that currency awaiting funding will be sent once the conversion has been processed.

International Currencies Currently Available

These are the currencies outside of the US and Canada that are currently available:

  • ยฃ - GBP

  • โ‚ฌ - EURO

  • $ - AUD

  • $ - NZD

  • โ‚น - INR

  • R$ - BRL

  • โ‚ฃ - CHF

  • $ - MXN


โ›” PayPal is not an accepted form of payment with Giftbit.

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