Pay It Now — One of the Few Fully AML-Compliant Blockchain Payment Platforms in NZ

1) How spending crypto works 

Spending crypto in everyday life no longer means a complicated off-ramp. The typical flow with Pay It Now:

  1. You hold crypto in an exchange or wallet.

  2. When you pay, Pay It Now converts (on-demand) the crypto to NZD through a compliant on-ramp/off-ramp process.

  3. Funds are settled to a merchant in NZD so the merchant receives fiat (no need for them to accept crypto).

  4. You get the convenience of paying with crypto, and the merchant gets standard settlement.

This model—the crypto-to-fiat conversion at point of sale or in the app—is how most modern crypto cards and platforms operate. For further reading on how crypto cards convert and function, see CoinGecko’s crypto cards guides. 

Why AML compliance matters: converting crypto to fiat exposes platforms to anti-money-laundering (AML) obligations. Pay It Now’s positioning as a fully AML-compliant blockchain payment platform in NZ reassures both merchants and regulators that KYC/AML checks, monitoring and record-keeping are in place—reducing friction for businesses and lowering risk for customers.

2) PayItNow card overview

Pay It Now offers a payment card and in-app payment rails designed for New Zealand consumers and businesses. Key points:

  • Card type: Debit/virtual card that uses Pay It Now’s conversion rails to spend crypto anywhere cards are accepted.

  • Integration: Works with POS, online checkouts and QR payments — merchants always get NZD.

  • Compliance: Full AML/KYC flows incorporated into onboarding and transaction monitoring (important for merchant trust and regulatory compliance).

  • Business features: Dedicated merchant acceptance onboarding to help businesses accept crypto through Pay It Now without changing their accounting processes. 

The card acts as the practical “bridge” allowing users to Spend Crypto NZ / Spend Bitcoin NZ at everyday stores, cafés and online retailers.

3) Top NZ merchants accepting crypto

Adoption is growing—some Kiwi businesses already accept crypto directly, while many more accept it indirectly via cards and payment platforms. Examples of categories where you’ll see crypto spending in NZ:

  • Cafés, hospitality and food delivery

  • Online retailers and digital services

  • Travel & experiences (local tours, niche tourism operators)

  • Specialty retailers and hobby shops

If you want community-sourced, up-to-date places to spend and discuss acceptance in NZ, the r/NZBitcoin subreddit and related NZ crypto communities are useful resources to see where people actually spend crypto in Aotearoa. 

For businesses that want to accept crypto without complex bookkeeping changes, see Pay It Now’s merchant onboarding page: https://payitnow.io/business/accept-crypto.

4) Fees & conversion

When you Spend Crypto NZ / Spend Bitcoin NZ with Pay It Now, you should understand two fee components:

  1. Network & crypto spread: converting crypto into NZD may include a small conversion spread to cover liquidity and market slippage. This is typical across crypto card providers. (CoinGecko explains how crypto cards handle conversion & fees in their guide.)

  2. Platform/service fees: Pay It Now may apply a small service fee or flat card fee; check the app or card terms for current pricing. Unlike exchanging on an open market, the convenience of on-the-spot conversion and merchant settlement is the tradeoff.

Tip: compare effective cost by running a small test purchase and checking the conversion rate in the Pay It Now app versus a central exchange rate at that moment—this will show the real spread.

5) How to get started 

A short onboarding checklist so you can start to Spend Crypto NZ / Spend Bitcoin NZ today:

  1. Sign up at https://payitnow.io/ — complete KYC. (Pay It Now is AML-compliant; you’ll provide ID and proof of address during onboarding.)

  2. Top up your Pay It Now wallet: link an exchange or transfer crypto into the app (check supported tokens).

  3. Order/activate your card via https://payitnow.io/ — virtual cards are usually instant; physical cards shipped to NZ addresses.

  4. Use the card at merchants or through QR/online checkout—app shows transaction and conversion details.

  5. Review receipts and statements in the app for recordkeeping and tax reporting.

6) FAQs

Q: Is Pay It Now safe and legal to use in NZ?
A: Pay It Now operates with AML/KYC processes appropriate for NZ market players. Always confirm the latest terms and check Pay It Now’s disclosures on compliance.

Q: Which cryptocurrencies can I spend?
A: Supported tokens vary; the app lists supported fiat conversion pairs. Popular choices (BTC, ETH, major stablecoins) are typically supported for card spending.

Q: Will merchants see my crypto?
A: No — merchants receive NZD. Your crypto is converted to NZD at the point of sale. This preserves merchant experience and accounting.

Q: How do taxes work?
A: Spending crypto can trigger tax events in some jurisdictions. Keep records of fiat value at the time of each transaction and consult a tax advisor. NZ tax rules evolve; community threads and guides can help with practical experience. 

Q: Are there spending limits?
A: Limits are determined by KYC tier, card type and Pay It Now’s policies—check the app/account dashboard.

7) Merchant & business benefits 

  • Receive NZD settlements (no volatility risk).

  • Attract crypto-savvy customers without changing accounting.

  • AML controls protect both merchant and customer reputation.

call to action

Ready to Spend Crypto NZ / Spend Bitcoin NZ? Visit Pay It Now to sign up, order your card and start spending crypto at everyday merchants:

If you prefer to call: +64 3 925 8870. Office: Unit 3/38b Birmingham Drive, Middleton, Christchurch 8024, New Zealand. Website: https://payitnow.io/

Author & Review box

Author: PayItNow Marketing — commercial & product communications, PayItNow, Christchurch.
Reviewer: Compliance & Payments Team, PayItNow (AML/KYC specialist).
Date: October 2025
Reviewed for: Accuracy, compliance claims and clear instructions for consumers and businesses.

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