Company Information

Get to know BitPass

Founded in 2002, BitPass was an internet-based payment processing company that specialized in micropayments. Its primary mission was to enable consumers to easily purchase low-cost digital content—such as news articles, music, or game access—without requiring a full subscription. The service acted as a digital wallet, allowing users to pre-load funds and spend them in small increments across various participating websites. Despite its innovative approach to solving the online payment problem for small transactions, the company announced it was ceasing all operations in January 2007.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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BitPass

Australia

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.