Ipayyou Wallet wallet review

Ipayyou Wallet
Ipayyou Wallet
Very basic Ease of use,  High Privacy,  Wallet platform Private Keys Stored

IPayYou Wallet it's a very easy to use platform where no technical knowledge is needed. The wallet offers several features like gift cards purchase, pay-by-email or payments through Twitter. The service is mostly designed for US customers who are asked to provide a Social Security number.

With IPayYou users can purchase gift cards, pay-by-email or make payments through Twitter. It exclusively allows users to cancel any transaction they make to an email address or Twitter before the recipient confirms it. The user can also set the wallet on automatic withdraw so that funds sent to his wallet can be automatically deposited in a bank account.

Company / organization behind the wallets

IPayYou was developed by a small Seattle-based company founded by Gene Kavner, a former director of Amazon Associates and one of the chief architects of Microsoft MSN. His purpose was to create the world's easiest and most useful Bitcoin wallet. He earned 2 US Patents and a Master's Degree in Computer Engineering from the University of Michigan.

Crypto Currencies Support

Traditional Currency Support

  • US Dollar (USD)

Language Support

  • English

Supported Systems

  • Online Only

IPayYou is a peer to peer payment system that has adopted Bitcoin. It's security protocols are therefore different then the average wallet. IPayYou maintains control over user accounts in order to provide instant transactions. Important information is encrypted and backed up several times. Password reset is available. It is not meant to be a place to store your funds.

Summary:

Security
Low
2 Factor Authentication
Yes
Multi-Signature
No
Private Keys Stored On
Wallet platform
Storage Type
Hot storage
Transactions Validation
Centralized validation
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

Password reset available.

IPayYou is designed for everyday use. You don't need to have any technical background in order to use the platform. The user interface is easy to use and the design is functional and approachable. This platform is designed all types of users and is easy even for the most inexperienced user.

Summary:

The IPayYou platform is designed for the average Joe to integrate Bitcoin into everyday life. The platform has integrated Amazon, E-bay and Starbucks for voucher acquisition. This company focuses on quick transactions and easy access so security is low. It is not recommended for long term storage.

Ease of use
Very basic
Suitable For
Account activation process
Simple
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using bank account
  • Withdrawal funds to bank account
  • Gift card purchase on Amazon, Ebay, Starbucks, Netflix, Bestbuy, iTunes, Safeway

With IPayYou users can purchase gift cards, pay-by-email or make payments through Twitter. It exclusively allows users to cancel any transaction they make to an email address or Twitter before the recipient confirms it. The user can also set the wallet on automatic withdraw so that funds sent to his wallet can be automatically deposited in a bank account.

The wallet platform has built the exchange function in their own software and manages it locally.

Help and
support:

  • FAQ section
  • Email

Personal information for activation account:

  • Name
  • Email Address
  • Phone Number

Most common
customer complaint:

Slow transactions and poor customer service