Is Bidali a bank?

No. Bidali Inc. is a software company and an independent reseller of gift cards. We are not a bank or regulated financial institution, and we don't provide payment processing, money transmission or currency exchange.

Your Bidali One balance is prepaid platform credit for buying gift cards in the Bidali app and store. It is not a deposit, it doesn't earn interest, and it isn't covered by CDIC or FDIC deposit insurance.

We run a full compliance program (KYC/AML, sanctions screening and fraud monitoring) to keep the platform safe.