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.

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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

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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

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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

1. Select a Digital Miner priced between $0 and $20,000.
2. Pay 25% of the price as a down payment (max $5,000).
3. Remaining balance is split into equal monthly installments.
4. No interest or APR charges are applied.
5. Miner begins operating immediately upon purchase.

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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

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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.