Fiat contributions

Contributors can fund projects with a credit/debit card. Geyser instantly swaps fiat to bitcoin and sends it over the Lightning Network to the creator.

How it works

1. Contributor pays by card.

2. Contributors buys bitcoin and immediately sends it via Lightning to the creator’s project wallet through our provider Banxa.

3. Creator receives sats on Lightning - there is no card processing on the creator side.

Verification requirements

• Creators: must complete KYC with a government-issued ID before enabling this feature.

• Contributors (first-time): must verify a phone number before making their first card contribution. They may be required to do full KYC from the second transaction they make.

Tax & compliance note

• Card contributions involve buying bitcoin and sending it right away to the creator. In some countries this may be treated as a taxable disposal (capital gains event).

• However, because the buy and send happen at the same price, there’s no price difference, so no capital gain arises from that instant transaction. (Local rules vary—seek advice if unsure.)

What creators receive

• All funds arrive in Lightning (sats). The fiat → BTC swap happens automatically; creators do not receive fiat.

See product feature announcement here: