Kong Byeongmok founded LinePay’s smart e-wallet service in 2014 with its primary function being to allow its users to make their merged payments for services at all affiliated shops in a more suitable manner, regardless of their operating system. Today, LinePay is popular in Japan for crypto deposits in a few clicks.
Get started with a hassle-free deposit method where you can use your mobile device. It is ready and set for you to just go and deposit with LinePay for its convenient cost fees and well-equipped transaction speed that guarantees quality services for all transactions. LinePay is a safe and reliable service as it complies with the Payment Card Industry Data Security Standard (PCI DCSS) and ISO/IEC 27001. It’s a well-known mobile payment service that allows customers to pay for services in Line stores and other participating online merchants. The LinePay e-wallet service facilitates payments at online shops, grocery stores, and convenience stores with worldwide use offline and online.
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Summary
Line Pay is a payment service facilitating purchases from Line Pay merchants and the transfer of funds to friends and family. Users do not require to register their credit card to the service as it only requires tying it once with Line Pay. It is growing popular due to the ease of payments with compatible merchants and funding family and friends. It is also available to crypto enthusiasts in purchasing crypto. However, there are limited crypto sites that accept Line Pay, including Binance and Paxful.
Advantages
+LinePay is a free deposit method; hence users do not incur additional costs.
+It has a simple and uncomplicated process of application
+LinePay supports funding peers and family members enrolled in Line
+It supports English as a language of user preference hence easier navigation
+Users earn Line points for other uses with every transaction
Disadvantages
-LinePay is not widely accepted as payment.
-There are withdrawal challenges without topping up your card.
-It only facilitates top up of rounded amounts.
-There are few crypto sites that accept Line pay.
-The deposit method is only accessible to users with a Japanese account.
What is LinePay?
It is a mobile payment service under the Line app that allows active users to pay for products and services from LinePay merchants. Users utilise the service for payments with their credit card without registering the card to Line Pay. You can also send money and split bills with friends registered with Line. If you decide to register for Line cash, you can make payments with your balance. To top it off, you can also make requests for money. You can identify which stores use the service and stand a chance to win coupons as each transaction earn you Line points.
LinePay costs
Users do not incur costs while using LinePay when applying for the card and recharging their balance. They will only incur data usage fees applicable to their data plan with the mobile phone carrier.
Transaction speed for LinePay
Line Pay offers instant transactions for online payments via their website or mobile application once you authorise a transaction.
Users can scan the QR code on a merchant website through the Line app or input their passcode for instant payment. Offline payments are relatively slow and may take up to 20 minutes to validate the payment. This period depends on the API response time, and you can check the API status at regular intervals of 5 seconds. If the transaction exceeds 20 minutes, this will result in an incomplete payment. A complete payment initiates a unique order ID to the merchant’s device.
LinePay deposits
1. First, select LinePay from the array of deposit options available
2. Access the Line App on your phone and from the main menu, tap Add Money
3. Tap Bank account and select the bank account you want to use
4. Put in the deposit amount and tap Add money
5. Conclude your transaction with your verification method of choice, be it Touch ID, pin code, or Face ID
Which are the main countries where LinePay is used
The deposit method is available in Asian countries with significant markets, including Japan, Thailand, and Taiwan. It is also accessible in the United Kingdom, United States, Spain, Australia, France, Germany, Brazil, Italy, and Canada. LinePay is inaccessible in mainland China, Korea, and Singapore.
Can you withdraw with LinePay?
You can withdraw your balance from LinePay right after verifying and converting to a Line money account. Please note that you cannot withdraw your balance using your line cash amount. Withdrawal is to a bank account registered with the same name as your LinePay account. Bonuses are not inclusive of your balance for withdrawal.
Reputation of LinePay
It claims it has registered over 40 million users and built a successful payment platform out of its home market by expanding to other countries to offer instant and secure payments. Its simplicity and no cost of registration welcome several users. It has gained popularity in countries such as Japan and Taiwan, with many users crediting its effectiveness. The service has been vigorously expanding into its users’ lifestyles via shopping malls, convenience stores, and transport sectors as it aims to expand its financial scope. It enables payments to friends and family and is a bonus to many as it allows peer transfers, especially when splitting bills.
As it has become one of the top payment platforms in Japan, Taiwan, and Thailand, it has an interconnected Line app’s entire financial services content. These include asset management, insurance, deposit business, and remittances receiving praise from users.
LinePay FAQ
Below are some of the most frequently used queries related to LinePay for crypto exchange and wallet funding.
Is it safe to use LinePay for cryptocurrencies?
Yes, it is a safe deposit method for crypto. Crypto sites that accept LinePay are Paxful and Binance.
How do I set up LinePay?
Download the Line app, agree to the terms and conditions and sign in.
After signing in, run your LinePay from the Line wallet tap.
Link your credit card details to your bank of choice.
Your registration is now complete to use Line Pay as your preferred deposit method
Is LinePay instant?
LinePay offers instant transactions for online payments whereas offline payments may take up to 20 minutes to complete.
When was LinePay founded?
It was founded in 2014.
Where is the mother company based?
The company is based in Tokyo, Japan.
Does LinePay only work on Apple devices?
The service is only available on Apple’s iOs and Android devices.
