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Title: Skrill MasterCard Post by: ajareselde on March 31, 2015, 07:17:19 PM Ok, so i used my Skrill MC (debit card) for the first time tonight, and what im seeing isnt impressive at all.
i withdrawed about 200$ to give it a shot, and see what the fees are, its just insane, after all the deductions, both from skrill,mc and local bank, the total fee's got to roughly 13% Yes 13% , its just insane, the local bank is using one conversion rate in the bank for conversions, and other rate when u use MC card on ATM, but thats not where most of the fee went, Anyways, ill phone the bank tomorrow, since its late here, and theyre not opened, but the overall impression is depressing. Does the same thing happen when u use "bitcoin" debit card from lets say bit'x or xapo etc.. ? cheers Title: Re: Skrill MasterCard Post by: Minerjoe on March 31, 2015, 07:30:32 PM Ok, so i used my Skrill MC (debit card) for the first time tonight, and what im seeing isnt impressive at all. i withdrawed about 200$ to give it a shot, and see what the fees are, its just insane, after all the deductions, both from skrill,mc and local bank, the total fee's got to roughly 13% Yes 13% , its just insane, the local bank is using one conversion rate in the bank for conversions, and other rate when u use MC card on ATM, but thats not where most of the fee went, Anyways, ill phone the bank tomorrow, since its late here, and theyre not opened, but the overall impression is depressing. Does the same thing happen when u use "bitcoin" debit card from lets say bit'x or xapo etc.. ? cheers There s a thread somewhere here which comapres BTC cards and their fees. Generally, fees are about 1.5% max. Title: Re: Skrill MasterCard Post by: ajareselde on March 31, 2015, 08:30:24 PM Ok, so i used my Skrill MC (debit card) for the first time tonight, and what im seeing isnt impressive at all. i withdrawed about 200$ to give it a shot, and see what the fees are, its just insane, after all the deductions, both from skrill,mc and local bank, the total fee's got to roughly 13% Yes 13% , its just insane, the local bank is using one conversion rate in the bank for conversions, and other rate when u use MC card on ATM, but thats not where most of the fee went, Anyways, ill phone the bank tomorrow, since its late here, and theyre not opened, but the overall impression is depressing. Does the same thing happen when u use "bitcoin" debit card from lets say bit'x or xapo etc.. ? cheers There s a thread somewhere here which comapres BTC cards and their fees. Generally, fees are about 1.5% max. yeah, and it all sound so promissing, but when u actually use it you see that there are adittional fees from your local bank that throw this whole story into a nightmare. thats why i asked, hoping for experiences from users actually using cards. cheers Title: Re: Skrill MasterCard Post by: ajareselde on March 31, 2015, 09:29:36 PM BIT-X's Bitcoin Debit Mastercard will have favorable fees, stay tuned for their launch! u didnt read nothing that i said or asked... provider fees+local bank fees is what im interested in, and whats making all theese problems. I know that provider fees are not that big, so its mostly local bank(ATM) fees is what i need to know. hopefully someone is actually using those cards.. cheers Title: Re: Skrill MasterCard Post by: btcton on March 31, 2015, 09:42:08 PM Ok, so i used my Skrill MC (debit card) for the first time tonight, and what im seeing isnt impressive at all. i withdrawed about 200$ to give it a shot, and see what the fees are, its just insane, after all the deductions, both from skrill,mc and local bank, the total fee's got to roughly 13% Yes 13% , its just insane, the local bank is using one conversion rate in the bank for conversions, and other rate when u use MC card on ATM, but thats not where most of the fee went, Anyways, ill phone the bank tomorrow, since its late here, and theyre not opened, but the overall impression is depressing. Does the same thing happen when u use "bitcoin" debit card from lets say bit'x or xapo etc.. ? cheers There s a thread somewhere here which comapres BTC cards and their fees. Generally, fees are about 1.5% max. Title: Re: Skrill MasterCard Post by: ajareselde on March 31, 2015, 09:58:40 PM Ok, so i used my Skrill MC (debit card) for the first time tonight, and what im seeing isnt impressive at all. i withdrawed about 200$ to give it a shot, and see what the fees are, its just insane, after all the deductions, both from skrill,mc and local bank, the total fee's got to roughly 13% Yes 13% , its just insane, the local bank is using one conversion rate in the bank for conversions, and other rate when u use MC card on ATM, but thats not where most of the fee went, Anyways, ill phone the bank tomorrow, since its late here, and theyre not opened, but the overall impression is depressing. Does the same thing happen when u use "bitcoin" debit card from lets say bit'x or xapo etc.. ? cheers There s a thread somewhere here which comapres BTC cards and their fees. Generally, fees are about 1.5% max. I believe you are searching for this https://bitcointalk.org/index.php?topic=1001849.0 but that still doesnt say anything about local ATM fees, and currency conversion, so its useless data mostly, showing only provider fees cheers Title: Re: Skrill MasterCard Post by: btcton on March 31, 2015, 10:24:27 PM Ok, so i used my Skrill MC (debit card) for the first time tonight, and what im seeing isnt impressive at all. i withdrawed about 200$ to give it a shot, and see what the fees are, its just insane, after all the deductions, both from skrill,mc and local bank, the total fee's got to roughly 13% Yes 13% , its just insane, the local bank is using one conversion rate in the bank for conversions, and other rate when u use MC card on ATM, but thats not where most of the fee went, Anyways, ill phone the bank tomorrow, since its late here, and theyre not opened, but the overall impression is depressing. Does the same thing happen when u use "bitcoin" debit card from lets say bit'x or xapo etc.. ? cheers There s a thread somewhere here which comapres BTC cards and their fees. Generally, fees are about 1.5% max. I believe you are searching for this https://bitcointalk.org/index.php?topic=1001849.0 but that still doesnt say anything about local ATM fees, and currency conversion, so its useless data mostly, showing only provider fees cheers Title: Re: Skrill MasterCard Post by: Neotox on March 31, 2015, 11:57:56 PM BIT-X's Bitcoin Debit Mastercard will have favorable fees, stay tuned for their launch! it will available to all country users or only few on themTitle: Re: Skrill MasterCard Post by: joksim299 on April 01, 2015, 02:24:23 AM BIT-X's Bitcoin Debit Mastercard will have favorable fees, stay tuned for their launch! it will available to all country users or only few on themQuote Countries where the BIT-X Debit MasterCard will not be shipped to for the time being due to Financial Action Task Force (FATF) and Central Bank restrictions: Afghanistan, Albania, Algeria, Angola, Cambodia, Democratic Peoples's Republic of Korea (DPRK), Ecuador, Guyana, Indonesia, Iran, Iraq, Kuwait, Lao PDR, Myanmar, Namibia, Nicaragua, Pakistan, Panama, Papua New Guinea, Sudan, Syria, Uganda, USA, Yemen, Zimbabwe https://bitcointalk.org/index.php?topic=1006157.0 Title: Re: Skrill MasterCard Post by: marcotheminer on April 01, 2015, 05:17:50 AM BIT-X's Bitcoin Debit Mastercard will have favorable fees, stay tuned for their launch! u didnt read nothing that i said or asked... provider fees+local bank fees is what im interested in, and whats making all theese problems. I know that provider fees are not that big, so its mostly local bank(ATM) fees is what i need to know. hopefully someone is actually using those cards.. cheers I hadn't heard of local bank fees before. Did you withdraw in a different currency than your card is in? Title: Re: Skrill MasterCard Post by: Bejkn on April 01, 2015, 06:07:54 AM xapo's fee is also expensive.
in fact, all credit cards are not cheap. so bitcoins can stand out from the crowds. Title: Re: Skrill MasterCard Post by: Minerjoe on April 01, 2015, 06:36:23 AM I think you should not go over 3% including bank fees. I am gonna myself one of these card soon and test it.
Title: Re: Skrill MasterCard Post by: nlscience2k14 on April 01, 2015, 06:46:09 AM I think you're being charged high fees for currency conversion, apparently payment processors charge fees for currency conversions such as from USD to GBP but, then again i could be wrong and they are just screwing you over. I have a payoneer card linked to my skrill so i just pull the money to my payoneer account and spend it from there coz i think they charge like a $1 per transaction. ;D
Title: Re: Skrill MasterCard Post by: ajareselde on April 02, 2015, 02:12:28 PM I think you're being charged high fees for currency conversion, apparently payment processors charge fees for currency conversions such as from USD to GBP but, then again i could be wrong and they are just screwing you over. I have a payoneer card linked to my skrill so i just pull the money to my payoneer account and spend it from there coz i think they charge like a $1 per transaction. ;D Yes, 8% of overall fees were from currency conversion, and the rest are ATM fees and Skrill fees. Its obvious that you can't withdraw money in a currency other than your local one,duh.. But that is what im trying to say here, since most of bitcoin debit card owners are not in the usd/eur its useless for them to even have bitcoin debit card, or similar alternatives, because of these fees. cheers Title: Re: Skrill MasterCard Post by: nlscience2k14 on April 02, 2015, 06:14:20 PM I think you're being charged high fees for currency conversion, apparently payment processors charge fees for currency conversions such as from USD to GBP but, then again i could be wrong and they are just screwing you over. I have a payoneer card linked to my skrill so i just pull the money to my payoneer account and spend it from there coz i think they charge like a $1 per transaction. ;D Yes, 8% of overall fees were from currency conversion, and the rest are ATM fees and Skrill fees. Its obvious that you can't withdraw money in a currency other than your local one,duh.. But that is what im trying to say here, since most of bitcoin debit card owners are not in the usd/eur its useless for them to even have bitcoin debit card, or similar alternatives, because of these fees. cheers Ok now i understand but, i must say that skrill has some really high processing fees but mostly its the bank that's making money off you; where i live there are 4 atm's from 3 different banks and one of them charges me $0 to check my account and another charges nearly $7 just to check my account. Can you imagine how much money i would have to give the bank if i overdrafted 0_0 #bankssuck Quick sidenote, the atm that i use dispenses 3 different currencies. I think you may want to shop around for a new bank/atm/payment processor. |