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Title: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: Herodes on July 11, 2011, 02:29:36 AM I see the fee is about 20-30 USD on all alternatives for exchanging bitcoin to a virtual credit card. Without doing fine grained math this should be around a 30% fee. In my opinion that's a too high fee. I was looking into buying a virtual VISA Card, but the high fee prevented me from wanting to buy it. I think a 5% fee would have been more suitable, then I might have considered it.
What do you people think, are the fees too high? http://bitcoin2cc.i2p.to/ Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: Tronlet on July 11, 2011, 03:21:46 AM That's a ridiculously shady website.
What they're offering isn't credit cards, it's debit cards, their fees are way too high like you said, and their site is broken (purchase button leads to a 404). Avoid. Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: MKW2012 on July 11, 2011, 04:32:55 AM 30% fees are WAY to high, especially for a debit card. I'd look else where for a more reasonably priced service.
Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: rizzn on July 12, 2011, 07:43:21 AM I've actually been talking to Visa/Mastercard about the process to become a reseller/provider of reloadable cards.
It's going about as well as you'd suspect (that is to say, wow, red tape and bureaucracy. fun!). Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: mc_lovin on July 12, 2011, 08:48:04 PM Bitcoin is supposed to free us from fees!
Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: steelhunter on July 15, 2011, 01:13:45 AM I can only recommend what i use - Yandex Money.It is in RUR, but you can order prepaid Mastercard in USD or EUR too. It has no commissions on transaction, lasts one month, and costs only 2% from the card balance and additional 0.5 USD one-time. Works in Paypal well, you can order SMS notification for 0.7 USD one-time payment. This is an experience share, no ad.You can find that site in google.
Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: rizzn on July 15, 2011, 09:07:45 AM I can only recommend what i use - Yandex Money.It is in RUR, but you can order prepaid Mastercard in USD or EUR too. It has no commissions on transaction, lasts one month, and costs only 2% from the card balance and additional 0.5 USD one-time. Works in Paypal well, you can order SMS notification for 0.7 USD one-time payment. This is an experience share, no ad.You can find that site in google. Is this what you're talking about? I'm always a bit leary spending money at sites in languages I don't read. :) Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: steelhunter on July 15, 2011, 12:33:38 PM Uhm, then - I don't know. I browsed many english and german\chinese(these 2 with Google Translate ofc :) ), and all i see is 8-15$ commision for even 50$ prepaid card. That's really weird. I met YAD service accidentaly, they don't even advertise it on their site, you should manually go to Services section and it will be there.
And what's problem with different language? Google translate is doing it best. If you mean trustworthy...well, they run that site as i know from early 2000, and i bought 50$ and 75.5$(yeah it's possible) mastercard for use on paypal there :) Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: cryptoanarchist on July 15, 2011, 05:58:45 PM bitcoincashout.com
Their fee comes out to about 5%...and they're pretty fast. Title: Re: Bitcoin 2 Virtual Credit Card, fees too steep? Post by: rizzn on July 15, 2011, 07:08:02 PM Uhm, then - I don't know. I browsed many english and german\chinese(these 2 with Google Translate ofc :) ), and all i see is 8-15$ commision for even 50$ prepaid card. That's really weird. I met YAD service accidentaly, they don't even advertise it on their site, you should manually go to Services section and it will be there. And what's problem with different language? Google translate is doing it best. If you mean trustworthy...well, they run that site as i know from early 2000, and i bought 50$ and 75.5$(yeah it's possible) mastercard for use on paypal there :) Without doing a lot of research, it's much more difficult to gauge the trustworthiness factor at a glance with sites from foreign lands. Stuff that's western in nature, you can get a good idea from design cues and marketing copy, if you're experienced enough, how well they should be trusted. Google translate is good for the esssence of what's being said, but it doesn't translate nuance very well. Cultural thing. Basically saying my trustworthiness radar doesn't work in Russia. |