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FAQ

Digital currency, also called e-currency, electronic money or e-money, is money that can only be exchanged digitally. Some digital currencies are backed by real gold stored in vaults, while others are backed by fiat currency, which derives its value from government regulation or law. Digital currency allows you to make and receive online payments instantly and securely, anytime, from anywhere in the world.Learn more > >
Yes. Registration is necessary for your convenience as well as for verification and security purposes. Your account must also be verified in order to complete some transactions.
It typically takes no more than one business day to complete a transaction, subject to receipt of funds.
No. You can only purchase digital currency on your own behalf. You can then redeem it to your relatives or friends, as well as pay for goods and services (where accepted).
Telephone verification is a security measure for verifying your credit card order. An automatic telephone system will call the phone number associated with your SpicePay account and give you a verification code to enter on the site.