6 Apps That Let You Pay Bills With Bitcoin
It is possible to pay all kinds of bills with crypto. However, as not many service providers have added it as an accepted payment method, you need to go through third parties to do so. These third-party applications act as the interface between your crypto wallets and the payment systems used by utility companies and other service providers, especially those that require regular payments.
The platforms usually take your crypto and exchange it for fiat, which is then sent to the service provider’s bank account or wallet. The bills you can pay with crypto using these platforms include credit card repayments, mortgages, car loans, rent, household utilities, insurance premiums, and telecommunication payments.
The following are the six most notable platforms that you can use to pay bills with bitcoin and other cryptocurrencies.
Spritz Finance
Spritz Finance was founded in 2021 by Christopher Sheehan, who serves as its chief executive officer. The payment platform is registered in the US, its primary market, as a money services business (MBS) with a money transmitter license(MTL) from the Financial Crimes Enforcement Network (FinCEN).
In May 2022, Spritz Finance secured pre-seed funding worth $2.5 million. The startup’s backers include several notable individuals in the crypto space, including Aaron Harris, former Fintech Partner at Y Combinator, Balaji Srinivasan, former Chief Technology Officer at Coinbase, and Sandeep Nailwal, Co-Founder of Polygon.
You can access Spritz Finance through a mobile application as well as through the website. Besides paying bills from your crypto wallet, you can also use the platform to convert your crypto and send it to your linked bank account. The platform also offers a crypto debit card that you can use to shop anywhere Visa is accepted.
Website: https://www.spritz.finance/
Request Finance
Request Finance is a crypto payment platform launched in 2020 by Christophe Lassuyt, CEO, and Yoann Lhullier, the COO and CTO. While based in Saint-Julien-en-Genevois, France, the platform also operates in the US.
In June 2022, the startup secured a $5.5 million seed funding round led by Animoca Brands, Balderton Capital, and XAnge. Notable figures in the Web3 space also participated in this round, including Sebastien Borget, Co-founder and COO of The Sandbox; Michael Kong, CEO of Fantom; Stani Kulechov, founder and CEO of Aave; and Julien Bouteloup, founder of StakeDAO.
In early 2024, Request Finance acquired Consola Finance, a Vienna-based crypto accounting platform.
Request Finance offers a comprehensive B2B accounting solution for companies, especially those in the crypto space, to manage their crypto payments, payroll, and finances. It is also designed for freelancers who invoice and get paid in crypto but prefer to pay for their expenses using crypto without first converting it. Within the dashboard, a user can import bills and settle them.
Website: https://www.request.finance/
Bitcoin Well
Bitcoin Well was founded in 2013 by Adam O’Brien and is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Initially launched as Bitcoin Solutions to provide Bitcoin ATM services in Alberta and Saskatchewan, the company built a nationwide ATM network within five years and introduced a portal offering additional services.
The company is publicly traded on the TSX Venture Exchange under the ticker symbol BTCW and on the OTCQB Venture Market as BCNWF. In December 2024, the company announced a brokered private placement offering of up to $2 million in convertible debenture units led by Haywood Securities Inc.
Bitcoin Well’s online portal offers bill payment solutions and facilitates the buying and selling of bitcoin. These services are accessible in Canada and the US. Within your account on the platform, you can add a payee, including their bank account details and the platform will assign them a bitcoin address. The crypto sent to that address is automatically converted into dollars and then the funds are sent to the payee’s bank account.
Website: https://bitcoinwell.com
BitPay
BitPay is a crypto payment processor founded in 2011 by Tony Gallippi and Stephen Pair and is registered as a Money Services Business (MSB) by the Financial Crimes Enforcement Network (FinCEN). BitPay’s primary service is B2B payment solutions for merchants who want to accept crypto. However, it also has a section for shoppers, and one of the services in that section is Bill payment with crypto.
Some notable firms have invested in the company, including the BitPay Founders Fund, Index Ventures, Virgin Group, Aquiline Technology Growth, and Menlo Ventures. Since its inception, the company has raised slightly over $100 million in investment capital.
To use the BitPay Bill Pay service, you need to download and install the BitPay application or access the service on their website. Then, you can sign up for an account, create a BitPay ID, find or import your bills, select your payment preference, and make the payments.
It is important to note that the service is not available in all the US states. It is available in about 20 states, including Alabama, Alaska, Delaware, the District of Colombia, Florida, Georgia, and Washington.
Website: https://www.bitpay.com/bill-pay
Paxful
Paxful is a peer-to-peer crypto marketplace launched in 2015 by Ray Youssef and Artur Schaback as a competitor to LocalBitcoins, which had established itself then as the primary peer-to-peer bitcoin trading platform. Unlike LocalBitcoins, Paxful added support for multiple cryptocurrencies. The company has remained privately held and has not raised capital from investment firms or angel investors.
Paying bills on the platform is basically trading crypto. The transaction involves three parties: a trader who wants to acquire crypto, a person who needs their bill paid, and the service provider who needs to be paid. The person who needs their bill paid locks the crypto equivalent of the bill in an escrow, the trader who wants to acquire it takes up the offer, pays the bill in fiat, and the crypto is released to them.
Any bill that can be easily proven and verified as paid can be settled through Paxful. The platform offers a rating system for both bill payers and recipients, making it easier to find reliable trading partners.
Website: https://paxful.com/
Zypto
Founded in 2023 and based in Łódź, Poland, Zypto operates in several countries, including the USA. Publicly available information shows it has multiple partnerships with local licensed operators in the US, including MoneyGram and Stellar. However, the company has not raised any funding rounds.
Crypto bill payment is one of several services Zypto offers. Others include a wallet, an exchange, a crypto debit card, and a merchant payment gateway. The platform also has a marketplace where users can buy crypto gift cards.
Website: https://zypto.com
Bitrefill
Bitrefill, founded in 2014 by Sergej Kotliar, who serves as the CEO, is primarily a marketplace for digital gift cards. The company is based in Stockholm, Sweden, and has raised close to $10 million in investment from several investment firms, including Tether Operations Limited, Fulgur Ventures, and Draper Associates.
Besides serving as a gift card marketplace, Bitrefill has a section that supports paying bills using crypto. The platform started as a place where people could go to refill their phone air time or pay their phone bill. Paying bills using crypto has been added as a service available to users on the platforms. However, much of this service is not available in the US.
The only bill you can still pay on Bitrefill using crypto if you are in the US is your phone bill. However, if you live in a country like El Salvador, you can use the platform to pay for more, including electricity, water, and gas.
Website: https://www.bitrefill.com/
FAQs
Can you use bitcoin to pay bills?
Yes, you can pay bills using bitcoin. While most service providers have not added bitcoin as a payment option, there are interface platforms that can help process payment of bills with the cryptocurrency. The general process of these platforms is that they take your crypto and pay the service provider with fiat on your behalf. Examples of such platforms include Spritz Finance, Request Finance, BitPay, Bitcoin Well, Paxful and Bitrefill.
Can I use bitcoin to pay my phone bill?
Yes, you can pay your phone bill using bitcoin. Some solutions have been designed and made available to help you. For example, Bitrefill is a platform where you can top up your airtime using crypto anywhere globally.
How to use bitcoin to pay bills?
Generally, you cannot pay most bills using crypto directly. That is because most service providers do not have crypto in the list of payment methods they accept. However, some solutions have been designed to provide the interface necessary. The list includes Spritz Finance, Request Finance, BitPay, Bitcoin Well, Paxful and Bitrefill.