Circle Pay has announced they will be shutting down starting on July 8th, 2019. I know some people had been using Circle Pay to generate a lot of debit card transactions.
Hat tip to @beeferl
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It’s Facebookpage is running rampant today (12/7). Snatching peoples photo’s, particular those with kids on em. Stop these such…network imposters!
So sad, there goes my 40 some monthly debit card usage. 🙁
Why can’t I find any news source other than the tweet? Did they send out an email announcing this or what? Is this not newsworthy to any news outlets? I didn’t use Circle Pay so I guess it doesn’t matter much to me.
I assumed S.O. would have an e-mail from them… nope, nothing. Her account was at zero (and been $0 since 2017) and doesn’t appear to be closed. As far as news sources, I wouldn’t expect much response, but that’s not my area.
They sent out an email announcement titled “ACTION REQUIRED: Circle Pay is being discontinued”.
The full text of the email is as follows:
“We are writing to inform you that starting on July 8, 2019, the Circle Pay mobile and web apps will begin the process of discontinuing functionality, as well as support, for all worldwide customers. As a valued customer, who has been using this product to send and receive money, we would like to provide some critical information to help you navigate this change over the next few weeks and months.
What do I need to do now?
If you have money in your Circle Pay account, we encourage you to cash out to your card or bank account immediately. Once your balance is zero, we will automatically close your account. Circle Invest, Poloniex and SeedInvest customers are not affected by these changes.
Why is this happening?
Circle believes that the future of finance will be built on open blockchain technology and that global payments will become reality through fiat tokens and stablecoins such as US Dollar Coin (USDC).
Our goal of creating new global crypto financial services for people to store value, earn money and make payments in a seamless way will be through new wallet services throughout Circle’s products. Circle Pay clarified that vision over its successful 5-year lifespan, but it also largely relies on interfacing with the traditional financial system and untokenized fiat currencies. As such, we believe that it is appropriate to retire Circle Pay at this time. We will continue to work toward connecting every person on the planet through an open financial system built on crypto assets and blockchain technology through fiat tokens and stablecoins.
What is the timeline?
July 8th, 2019: Adding money and sending money will be disabled. You will only be able to cash out funds back to your card or linked bank account.
September 30th, 2019: We will fully discontinue all support for Circle Pay. You will not be able to log into the product or access your account. We encourage you to cashout before this date.
Who to reach out to for help?
If you have any questions about this process, please visit our Help Center or email us at [email protected]. Please note that we will be prioritizing support for customers cashing out to their bank or card effective immediately.
From all of us on the Circle Pay team, thank you for making our experience such a special one and for the lessons we’ve learned along the way to build an open and inclusive financial system. It would not have been the same without your passion and dedication to our product.
Thank you,
The Circle Pay team”
Good riddance. They booted me after loading a couple hundred $ via debit, then ACH’ing it back into my account. Guess my actions were not circular enough.
Thanks for the heads up DoC. I will make sure S.O. is at a zero balance.
Sounds more like that was a little too ‘circular’ for them, ironically. 😉
I didn’t do the Circle Pay sign-up bonus yet (after first transfer). Do you guys think it’s too late to still get the bonus? since they’re shutting down?
The bonus is almost instant. I’d go for the $10 bonus. Go to the DOC site and sign up under Ryan. He will even send you back your original $5.
Bummer, I used this to make instant debit xfers up to 3K
Dang. I primarily use Circle as a fee-free cashout method on the survey website Prolific. I hope they can find an alternative as paypal currently charges a fee.
Came here to say this! Definitely agree
Same here — been cashing out via Prolific with Circle Pay for a while now; it was so much better than paypal. It was faster and had no fees. Sad day.
What jerks >.>
Got a $5 signup bonus 4 years ago, paid in bitcoin. Forgot about it, and just cashed out $172 😊
LOL. Good Play!
LOL, Congrats!!!
Too bad. They were my go-to for “faking” debits for bank bonuses. 🙁