gomining-ai GoMining Payments
Overview
GoMining provides multiple payment methods for purchasing cryptocurrency and Digital Miners. Payment options include card payments, on-ramp services, Open Banking (PSD2), and installment plans (MNPL). All transactions are subject to KYC/compliance requirements.
Payment Methods
| Method | Assets | Currency | Commission | Chargebacks |
|---|---|---|---|---|
| Card payment | GMT | EUR, USD | Varies | Yes |
| On-Ramp | BTC, ETH, SOL, etc. | EUR, USD | Varies | No |
| Open Banking | BTC, ETH, etc. | EUR, HUF | Lower than card | No |
Key Differences
| Feature | Card Payment | On-Ramp | Open Banking |
|---|---|---|---|
| Speed | Instant | Near-instant | Instant (SEPA Instant) |
| Chargebacks | Yes | No | No |
| Fees | Varies | Varies | Lower |
| Availability | Global | Global | EU only |
Open Banking (PSD2)
Open Banking enables direct bank-to-platform transfers within the European Union, leveraging the PSD2 directive for secure, low-cost payments.
Supported Countries
| Country | Status |
|---|---|
| France | Active |
| Spain | Active |
| Estonia | Active |
| Belgium | Active |
| Hungary | Active |
Protocols
| Protocol | Description | Speed |
|---|---|---|
| SEPA | Standard Euro transfers | 1-2 business days |
| SEPA Instant | Instant Euro transfers | Seconds |
Benefits
| Benefit | Description |
|---|---|
| Lower Fees | Significantly lower than card or on-ramp |
| No Chargebacks | Transactions are irreversible |
| Instant Settlement | Via SEPA Instant protocol |
| Direct Transfer | Bank-to-platform without intermediaries |
| PSD2 Security | Regulated under EU payment services directive |
MNPL (Mine Now, Pay Later)
MNPL is an installment plan that allows users to purchase Digital Miners with a down payment and equal monthly installments at 0% APR.
Terms
| Parameter | Value |
|---|---|
| APR | 0% |
| Down Payment | 25% of miner price |
| Max Down Payment | $5,000 (iteration 1) |
| Installments | Equal monthly payments |
| Price Range | $0 - $20,000 |
Eligibility
| Requirement | Detail |
|---|---|
| KYC | Must be verified |
| Territory | Not available in India and other restricted territories |
| Credit Check | May apply |
How MNPL Works
- Select a Digital Miner priced between $0 and $20,000.
- Pay 25% of the price as a down payment (max $5,000).
- Remaining balance is split into equal monthly installments.
- No interest or APR charges are applied.
- Miner begins operating immediately upon purchase.
KYC / Compliance
GoMining requires identity verification, with two levels of KYC depending on the services accessed.
Verification Levels
Level 1 - Proof of Identity (POI)
| Requirement | Description |
|---|---|
| ID Document | Valid government-issued ID |
| Selfie | Liveness verification photo |
| Questionnaire | Basic user questionnaire |
Required for: Withdrawals, miner minting, marketplace access
Level 2 - Enhanced Due Diligence (EDD)
| Requirement | Description |
|---|---|
| Tax Information | Tax residency and identification |
| Employment Details | Current employment status and information |
| Proof of Address | Document confirming residential address |
| Phone Verification | Verified phone number |
Required for: GoMining Visa card issuance
Blocked Territories
The following countries are fully blocked from all GoMining services:
| Country |
|---|
| North Korea |
| Myanmar |
| Iran |
| Afghanistan |
| Syria |
| Yemen |
| Cuba |
FAQ
Which payment method has the lowest fees?
Open Banking (PSD2) offers the lowest fees among available payment methods. It is available to users in supported EU countries.
Can I get a chargeback on a crypto purchase?
Only card payments support chargebacks. On-ramp and Open Banking transactions are irreversible.
What on-ramp options are available?
GoMining offers on-ramp services for purchasing crypto with fiat. Availability may depend on your region.
How does MNPL work?
MNPL (Mine Now, Pay Later) lets you buy a miner with 25% down and pay the rest in equal monthly installments at 0% APR. The miner starts operating immediately.
Is MNPL available worldwide?
No. MNPL is not available in India and certain other restricted territories.
What is the maximum miner price for MNPL?
MNPL supports miners priced from $0 to $20,000 with a maximum down payment of $5,000 in the current iteration.
What KYC level do I need?
Level 1 (POI) is required for withdrawals, minting, and marketplace. Level 2 (EDD) is required for the Visa card.
What if my KYC verification fails?
If your KYC verification is unsuccessful, contact support for assistance.
Why is my country blocked?
GoMining cannot provide services to users in sanctioned territories (North Korea, Myanmar, Iran, Afghanistan, Syria, Yemen, Cuba) due to international compliance regulations.