Bitcoin Forum

Hi

The Bitcoin Debit Card issued over MY Choice Corporate (WaveCrest Holdings)

will stop international use at 15/October/2017 and will use in European Territory only

https://mychoicecorporate.com/visa-card-issuance-list/

any one know other Debit card provider

 

Almost every Bitcoin loaded debit card is provided by WaveCrest.

AFAIK, the only one that is provided by a different company and won't face this limitations is the Golden Card from WageCan[1].

[1] https://wagecan.com/Pricing

Yes, they are the only one providing cards not issued by Mychoice as of now, but 160$ for this card is just an outrageous price. Consider the cards can be in USD only, people have to pay the foreign currency fees. Between this fee and other fees, it takes about 5% to load the card (not considering then ATM fees, BTC rate) And another thing, you need a passport for the verification, something that not everyone has

I just ordered mine and the fees may be somewhat high but it's the peace-of-mind factor that I value here. I was using my MyChoice card the other day and I was worried while withdrawing, thinking the card could be frozen or blocked anytime. One should never be made to worry. It's unhealthy. A bank that makes one feel unsettled when transacting or embarrassed by a declined transaction is a bank to avoid.

Submitted my passport copy and a selfie holding the passport plus proof of residential address. I hope I get the card before my trip to Dubai next week. Shopping and dining in Dubai with a bitcoin card... that would be nice.

IMO it mainly depends on how high the fees are relative to just spending BTC directly.

If you live in the US, you can buy most goods from actual BTC merchants or from Purse (excluding perhaps the most basic things like food, but personally I hold some fiat as well as BTC).

The fees would only be worth it if either you don't live in the US or Europe (a country with less BTC acceptance from merchants), or if you hold most of your savings in BTC and would use it a hell of a lot to make up for the crazy ordering fees.

Personally I live in Europe so I can just keep using my Xapo card.

Yes, it's official. Just got this email:

Dear xxx,

Due to the licence restriction of our card issuer, the xxx card program (Prepaid and Real-time Conversion card types) will no longer be supported for all cardholders after October 15, 2017.

How will this impact me?

Your xxx card will remain open for use until 15 October, 2017 11:59 PM GMT. After that, your card will be closed and you will no longer be able to use it.

What steps should I take next?

You should, therefore, use up or withdraw any balance on your card before 15 October 2017.Withdrawal can be made from any visa-supported ATM machine.
We also recommend that you stop loading further funds onto your card effective immediately to avoid any balance remaining on your card.
Although this situation is out of our control, we sincerely apologize for any inconvenience this may have caused to our cardholders. We want to assure you that we are actively looking for suitable products to bring convenience to our customers. Details will be announced in due course, so stay tuned.

I ordered a WageCan Card..
129USD Golden

Will see...

Hi gaato77,
Weiting from WageCan here.
Thanks for supporting us.

Just as a reminder, you could totally apply for a refund anytime before your card is shipped by emailing our customer service, with no question asked :)

Just when bitcoin started to become more popular our card issuers from MY Choice Corporate decide to call it a day thought this meant more business for them?

It's not like they had a choice. They were acquired by Visa International and must take orders from their new bosses.

I wonder why EU residents are allowed to keep and use their cards while the rest of the world is excluded. What is the rationale behind this? Are we non-EU card holders all money launderers and criminals in the eyes of Visa? Or is it a move to maintain and sustain a competitive edge in the payment industry? Baffles me how choking the geographic majority and favoring a minority can lead to better revenue figures.

But it's Visa. They have been around before I was even born. So I guess they know what they're doing.

I found here one provider not use wavecrest company


use this link to get 25% discount  https://cryptopay.me/join/e173dd47 

countries does Cryptopay issue cards to: https://help.cryptopay.me/cryptopay-bitcoin-debit-card/general/what-countries-does-cryptopay-issue-cards-to update at 01/September/2017

Cryptopay was using Wavecrest for its Visa debit cards and was caught in the shutdown along with all the others. To its credit, it quickly came up with a Plan B Mastercard offering, but it has just announced that it too must close. It might still be OK in Europe only. Specifically, you can still spend anything you have previously loaded on your Cryptopay Mastercard (virtual or plastic) but you can't load the cards any more. Cryptopay is apparently working to find a Plan C. I hope they succeed - they have been good to deal with.

The end result is very odd, with Visa apparently having destroyed BTC debit cards for most of the world outside the EU, and now a Mastercard provider having a similar effect.

Some argue that these cards just prolong fiat's dominance and that we should all be buying goods and services in crypto alone rather than fiat. I get it, but the crypto debit cards sure are were handy in the meantime.

I hope the industry bounces back quickly.

I think cryptopay's plan C is to have ICO and than collect enough fund like monaco and tenxpay to build their own credit card platform. Don't know which cards they will start issuing if both VISA and MASTERCARD will go against the use of bitcoin debit cards.

Bitcoin ATM might be installed in majority of the country in next few years which will completely replace the use of VISA or MASTERCARD to spend your bitcoin.

Well, they returned the card fee (and DHL fees) for both my USD and EUR cards so this is a solid indication that they intend to discontinue the contactless cards. I hope they will find a replacement card system quickly. And hopefully it will be a lasting and stable one.

These are sad developments. I still have full faith in Cryptopay. Their cards (and that iOS app!) never failed me. Wave Crest's cards were really good and solid. Sad to see Visa restricting the rest of the world. Visa, being a US company... there might be a connection there. Just healthy speculation on my part but the government might be playing a hand in all these deals in an effort to tighten its grip on the bitcoin community.

Right now basically every single bitcoin debit card is backed by Wavecrest.

I know for sure that Wirex is going to switch over to a new provider. You can get their card at a fee or for free if you hold a balance with them right now(there may be specific limits, i'm not sure personally). Though there will be no new VCC.

Another card provider which is also sending replacement card is cryptopay, although now they will ask for complete verification before sending you bitcoin debit card.

Will check wirex too.

Recently found about okpay.com debit card which actually supports bitcoin deposit. I will order that one too..

I'm quite sure that WageCan's card is not issued by WaveCrest, I know because I work at there ha.
If you all need a new card to replace the current one, you could PM me to get a coupon code for 20% off for all our cards.

I recommend using the WageCan golden card. I have it and it works flawlessly. The card is not issued by Wave Crest. WageCan operates in a stable jurisdiction with a sound and solid economy.

There is a KYC process which is easy and not complicated.

The best thing about this card is that there are no geographic restrictions. And the cards work worldwide.

Hello all,
Need a list of relieble services with non MyChoice/Wavecrest card issueing.

WageCan is a reliable bitcoin debit card. I also have a Mistertango card.

Both cards work flawlessly. Both cards are not issued by Wave Crest.

I’m not aware of other card services, apart from the two companies I mentioned above.

Both are life savers. I used to load all my bitcoins on my Cryptopay card but they are temporarily not offering any cards.

I use BTC debit cards in Europe and often they change my cards it's annoying!

Uquid offers also a card, that is independent from Visa/Mastercard. But they disabled their cards. I read somewhere in their blog, that they will start again of October, 10th, so their uquid card would also be served to Non-Europeam-Residents.

Hi Everyone,

This ban or restriction is unfortunate. Just when I ordered my Crypto card and was getting use to it. Wavecrest drop the bomb on us! It's smella like government and corporate banks tightening the rope on crypto. Whats astonishing is that most if not all of them are connected to Wavecrest!

It was very convenient for myself and others, to load my master or visa debit card with crypto to spend.
From what I have read so far on this thread, is it only wagecan that offers this service that's not tied to Wavecrest and does issued crypto debit card worldwide outside of the European Territory?

I heard Wirex is working on a solution, just no official date as yet. There must be other options available now?

I don't believe it's exclusively Visa's move and decision to restrict these cards to certain parts of the world only. I'm convinced governments played a role in this decision. Visa has an interest in maximizing revenue and with that comes product expansion. You can't generate revenue by limiting products to certain countries only.

It's probably the US again, putting pressure on the EU and the UK which in turn orders Visa Europe to keep an eye on Wave Crest's card business.

There is a solution (desentralized payment channel) that provides a crypto POS and issued their own card, and can be payment channel for the other crypto.
They are doing ICO right now,
You can check this link : https://pundix.com/

I don't see how they can solve this whenever you go to pull the fiat via a debit card they can cut you off there or am I missing somethiing?

Any news ?

I do not think that they will be able to serve their cards to some other countries outside than Europe as it is only the card providers who decide that to which countries they give the cards. That is why none of the card provider is able to to provide without the rules of the card providers which is visa or mastercard.

You can replace with Revolut card. They will be accepting Bitcoin, Litecoin, and Ethereum very soon with instant exchanges to fiat. It will be for premium accounts firstly (8$ per month) You get a IBAN to use within the app. It's something a lot of their user asked and so they decided to add cryptos. So check out if your country is in their list.

Finally, that sounds like good news. Is that definite or is it still something being planned and uncertain?

Even if they accept BTC/LTC/ETH, it's still sad to see these card issuers restrict their card operations to Europe or the US.

Interesting how they all now compile "lists" of countries they approve of. It's like good guys in and bad guys out. Nice and naughty kids.

I like Revolut's option of offering premium accounts and cards. Just sad that I do not qualify for an account. But thinking about it, this is not easy even for their customers. They probably have strict limits and I can imagine they operate like a bank or even PayPal. If you start withdrawing lots of money, they will freeze the account and start asking for documented sources of funds.

What would be nice is a bank which exclusively caters to crypto users. There is something exciting being developed in Singapore and it looks promising:  https://getchange.com

Can't wait. I hope they will make this available to the entire planet.

It's already in place https://www.revolut.com/fr/cryptocurrency?lang=en or at least planned in the next following days but I think we can start to use it already. They are in partnership with 2-3 exchanges like coinbase. But you need to be a premium user or referer at least 3 users, and to be a citizen from the European Economic Area

https://image.prntscr.com/image/LLYkTMddQ6ujByJ6mKIzKA.png

With revolut you cannot deposit your own crypto. You also cannot withdraw crypto bought with revolut. Sounds like a joke but I am serious about this. Revolut team confirmed here.

https://community.revolut.com/t/bitcoins-and-others-cryptocurrencies/10993/3

Are these cards ( WageCan and Mistertango ) working in Middle East specially in UAE, Bahrain and Saudi Arabia?