Methods of payment
There are many ways a customer can fund his BUCS Crypto Shares purchases:
Please review this chart and select desired method of payment accordingly:
METHOD OF PAYMENT
TIME TO SETTLE
BUCS AVAILABLE IN
See paragraph below
Payment sent by wire or any other way may not be the same as what we receive in our account! Please be aware of the fact that payment en route may attract fees by corresponding banks so $10000 sent may end up being $9975.00. BUCS shall use net total amount arrived and notify you about it.
Why surcharges? Comes from simple fact that for certain payment instruments processor takes away portion of the payment so we get less than face value of the purchase. To minimize or avoid any losses like that use direct to bank payment methods.
First time buyer buying a HomeKit and taking physical delivery of the same can pay by credit card.
However for continuing purchases of BUCS crypto shall not be available for any transactions for next 185 days! Reason is credit cards charge-back and fraud protection. For quicker holdings availability different payment methods should be used. BUCS Master card is one of them.
This shouldn't stop true crypto shares hoarder who wants to add more crypto to holdings at regular or random bases. If a long term goals are set this is not an obstacle to invest using a credit card.
Payment by cash at our location is possible. Any amount is acceptable. If large cash amount is announced we may accept it right in the branch of the local Scotia Bank where our business accounts are located.
CAUTION: FINTRAC Canada requires reporting on every CASH transaction for $10000 or more involved, or multiple smaller transactions by same person paid in cash and amounting to more than $10000 in period of 24 hours. See details and requirements we have to adhere to HERE
There is no tax on purchasing 99.99 pure gold or 99.99/99.9 pure silver. Since BUCS is entirely based on those metal bars there is not tax applied. Also BUCS are shares of the company. There is no tax on buying shares either.
Canadian buyers pay tax on cards, home kits and shipping only. Foreign buyers do not pay any taxes on any purchases.
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