Advcash - What it is and how it works, we will find out in this review. In the age of modern technology, almost every person working with online payment systems has an idea about electronic wallets. We will begin our brief review on one of the most well-known payment systems – Advanced Cash (Advcash). Although it is still a new system and is only gaining popularity, it can already compete with such giants as, for example, Perfect Money or Payeer. We will give you a brief overview about this payment system.
This review includes the following topics:
- 1. Overview and History;
- 2. AdvCash Cards;
- 3. AdvCash Referral program;
- 4. Registration;
- 5. AdvCash Verification;
- 6. Rates, balance replenishment and withdrawal of funds;
- 7. Setting up the safety of the profile;
- 8. Advantages;
- 9. Disadvantages;
- 10. Conclusion.
What is Advcash and how does it work?
Legal Information. Advanced Cash holds licenses from the International Financial Services Commission of Belize to do these types of business:
- - International Money Transmission Business № IFSC/60/237MT/18
- - International Payment Processing Services № IFSC/60/237PPS/18
ADV Project Limited: Suite 16, Watergardens 5, Gibraltar GX11 1AA.
For convenience, the users often abbreviate and simplify the name. Such abbreviations as AdvCash, Advanced Cash, ADV, Adv cash and others have become well known. Here is some general information:
- - The payment system is located on the official website www.advcash.com.
- - AdvCash wallet has the address wallet.advcash.com. Passing the registration, the new user visits this domain automatically. The fact that you have come to the right place is indicated by the green lock in the address bar. This is a certificate of encryption and data protection, it uses the HTTPS protocol, and therefore, the confidential information of the users is reliably protected.
- - The interface uses only 2 languages – English and Russian.
The company was registered in 2014. The first day of work is 27 September. The place of birth – the city of Belize, located on the shores of the Caribbean Sea. The successfully passed certification allowed obtaining all the necessary licences for work. Being an offshore office, AdvCash is not affected by the laws of other countries, which allows significantly reducing costs, reducing tax and provides anonymity. EPS has branches in many countries of the world, including Russia (the office is located near Samara, in the city of Togliatti). There is also a telephone support line and representational social networks. Here you can always ask your question and receive an adequate and complete answer to it. Advanced Cash supports several types of currencies which can be freely exchanged within your personal account:
- - Dollars;
- - Euro;
- - Pounds sterling;
- - Hryvnia;
- - Roubles.
What can you do with Advcash?
- Transfer of funds between users;
- Receiving online payments on your site;
- Payment for goods and online services on the Internet;
- Buying electronic products and goods on Buysellvouchers.com;
- Buying and selling cryptocurrency;
- Receiving additional income from participating in a refferal program.
Previously Advcash was famed with its bank cards. For many customers it was the main reason why they chose Advcash payment system. Money withdrawing at ATM by Advcash anonymous MasterCard was a very popular cashout method at e-currency market.
The functionality of the site allowed you to arrange an order for a bank card issue absolutely for free, but only MasterCard. The card was serviced for free, but you had to spend a bit on its manufacturing and delivery. Any ATM of your city accepted it and took a commission, which was 1.99 dollars and did not depend on the amount withdrawn. The client had the opportunity to use not only a plastic card, but also create a virtual card. This service was available in almost all electronic payment systems. It worked as a standard, allowing you to pay for goods and services on the Internet. From February, 2018, unfortunately, for many customers Advcash company temporarily suspended card program. Advanced cash support team is promising to restart Advcash card program in 2019. When exactly it will be time will show.
Advcash affiliate program
There is an affiliate program in AdvCash. It allows you to receive a percentage of the amount of referrals transferred, which provides the account holder with additional income. Your account is credited every time Advcash charge fee from your referrals. You will get up to 20% of that commission from 1st level referrals.
Advcash mobile applications
The site is regularly updated, overgrown with new functionality, and also in future, at a later stage it is planned to release mobile applications for the convenience of managing payments through phones and tablets running on the android and ios platforms.
Concluding the brief review, I would like to note that the recently invented payment system AdvCash has already captured a certain part of the market of electronic payments and does not intend to stop there. So what do we need to work with this EPS?
Advcash - sign up
Naturally, in order to get started, we have to go to the official website of the Advanced Cash wallet. This procedure is very easy to go even for the most inexperienced user.
The registration has a specific algorithm. Let us consider it in detail. Going to the main page, we scroll down and see a button to create an account. We click it and go to the next step. On the new tab, we will be asked to fill in our personal data, as well as to select an account type for future use:
- 1. Business – is often used by legal entities, as it allows for a huge number of operations;
- 2. Personal – the account is needed if you are a natural person.
After selecting the account, enter the actual information about yourself. Why is it necessary to use real data? Everything is simple – they will be necessary for us for the further verification procedure in AdvCash. The details for the work must be written in English letters. Filling out the form, specify the name, as well as the surname and the actual email address. It will become the login for the access and the number of our wallet AdvCash. Then invent a password with a content of at least eight different characters (letters and numbers of different registers, special characters can also be used). It is better to use a completely disconnected set – this allows the AdvCash payment system to reliably protect your account from hacking. When we fill in the relevant information, we “give the go-ahead” to unlock the button for ending the registration. By holding the slider with the left mouse button, drag it to the opposite position and complete the registration (as shown in the image above). Next, a new page will appear, where you will be offered to go straight to work, or first verify your account and set up a secure profile. If you close this window, it is possible to go immediately to the personal data page. We have the ability to manage three main accounts (rouble, dollar, euro) and two additional (hryvnia and pound sterling). Properly completed registration, even without passing data verification, allows you to easily use all the features of Advanced Cash. But, if you want to transfer money from the card to the balance or cash out a large amount of funds, you will still have to verify your account, plus it will immediately protect you from the most potential incidents of mistrust on the part of the administration.
Advcash - verification
Under the name of the wallet, you can see the inscription “Not verified.” It implies that the owners of the system and its participants do not completely rely on you, which will limit some operations on the account. In order to successfully continue working with the service, we need the verification of the account. Therefore, click on the name located at the top of the window.
In the opened tab, you need to enter your personal data in the following order:
- 1. Country;
- 2. City;
- 3. Post office index;
- 4. Home address;
- 5. Telephone number;
- 6. Language.
You can still fill in the contact the details of Skype, but this is not necessary. The email box is already listed because it was entered earlier at the time of registration of the wallet. Click the "Save" button and go on. The “Verification” section requires a lot of attention, as it is the information which the AdvCash payment system operator will check. We have three tabs accessible. This is the address, phone number and passport. When you click on each of them, a window opens for loading the document. In order to confirm your identity, click on the icon “Passport”. Here you need to download the scanned graphic document, the size of which must not exceed 800 * 600 pixels. You can use a driver's licence (scan from both sides). Make sure that the drawing is clear, otherwise the check will take longer and it is likely to get rejected. Then go to the window "Address", where they demand from you:
- - receipt of payment for utility services;
- - bank statement;
- - document of payment for Internet or telephony.
There is no need to send all the documents. The main thing – the accuracy of information recognition, as well as an indication of the name and address on the same page. The complete list of the possible documents and requirements for them are specified on the company's website.
Usually the information is checked during the day, excluding holidays and weekends. When the specialist is authenticated, you will receive an email about the wallet verification results. If the fields and forms are filled correctly, you will be provided with additional features of the Advanced Cash payment system, as well as guaranteed account security. If the test fails, the operator will tell you the reason. You just need to fix the error. The telephone is attached very simply: just enter the number, and you will receive a message. It will contain the code that must be entered into the check box. Now the verification of the AdvCash account is completed. By logging into your personal account, you will see a status change near your name. Next, we will deal with the proposed rates, as well as determine how to operate the payment system.
Advcash - Rates, balance replenishment and cashout
Each payment service has its own tariff grid of operations. Advanced Cash provides a fairly democratic commission for various transfers, wallet replenishment and withdrawals. Account replenishment is performed by several methods. Enter the page of your account and open the appropriate tab. Then you have to choose the desired amount, the method of payment and indicate in which of the currencies you want to receive it.
Balance replenishment is possible by using the following methods:
- - Ecurrencies;
- - Cryptocurrencies;
- - Top up with a bank card;
- - Payment from a mobile phone;
- - The use of exchange points. Each such point with which the company cooperates puts forward different conditions.
It is necessary to carefully find out which method is the most beneficial for you, because the percentage taken during the transfer is different. Internal transfers will be available if you go to the tab "Transfer Funds". Further, according to the algorithm, you must select the recipient and approve the operation. Withdrawal is the same as replenishment. Methods for cashing money are specified above, therefore, we will not go into details.
It is very convenient in this case to use the protection code: until the payer enters the code (reported by you personally), he will not receive the right to use the electronic means. If the code has not been used, the money is returned.
Advcash - Profile Security Settings
Now we know a little more about the Advanced Cash electronic payment system. And, to provide pleasant and safe work in it, you must protect your account from various types of fraud.
A standard set of functions will allow it. In order to do this, go to the section in the top menu "Security Settings”.
Advanced Cash supports several ways to protect your e-wallet:
- IP identification. Here you can specify the allowed IP addresses which you consider safe to enter. If the input was made from another place, the security system will prohibit any manipulations;
- The intellectual recognition method. It turns on automatically after registration. If you change any of the settings, Advanced Cached will ask you to enter a pin code of several numbers, which has been sent to an email box tied to your account;
- SMS authorization. It is a standard procedure which includes receiving a message with the necessary code;
- The use of a code card involves obtaining a graphic image containing a set of unique characters. With each transfer of money, you will need to enter the code from the picture. The copy is sent to the email box;
- The password for payment. The user has the opportunity to invent his/her own unique password, which will requested by the EPS for each operation;
- Two-Factor Authentication (2FA). When transferring and receiving large electronic amounts, this method will be the right one. It will reliably protect your wallet, if all funds are stored on the same account.
You can personally choose what level of data security you need. It depends on the volume of the payment transactions and the amount of money in the account. First you need at least a minimum security setting.
Advantages of AdvCash
When using any payment system, there will be some advantages for you, but, at the same time, there will be also some disadvantages.
We propose to consider the main advantages and disadvantages of the payment system AdvCash.
- - Multi-level protection of the wallet;
- - The opportunity to have passive income (affiliate program);
- - Transfers within the system without commission;
- - Issue of your own cards for withdrawal of funds (Temporarily suspended);
- - Convenient verification by SMS;
- - Anonymity of the user (offshore);
- - Low fees;
- - New features and options added regularly.;
- - Several ways of depositing and withdrawing funds;
- - The ability to work with a wallet without verification (although not recommended).
Conclusion and feedbacks on AdvCash
The experts predict a big future for this system, as the number of clients is growing day after day. This conclusion is quite logical, because the service provides its users with a huge number of opportunities, as well as cares about their security at the highest level. It is enough to talk with a person who has been using this EPS for quite a long time, and he will immediately advise you to register for this system. Concluding the review on the use of Advanced Cash, I would like to make some recommendations which are applied to all payment systems: be sure to set up a secure login, do not keep all your personal funds on one account and be careful when entering passwords, never disclose them to unknown persons.
Official website : wallet.advcash.com