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Tried to deposit: the fee for 1000EUR worth of BTC was around 100-120EUR. Sounds a bit too steep.
Another concern: they mention on their website they're controlled and supervised by the Bank of Lithuania? Does it mean they're reporting bigger transactions to the tax offices of EU states? Also read here on this forum but in another thread that they used to ask for proof of income for bigger transactions? Otherwise seems a good alternative to WaveCrest cards.
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So what is VISA's reason for suspending pre-paid cards?
After all they are pre-paid so there is no credit risc.
Governments and tax offices whining about money laundering and tax evasion I guess? In which case it should effect all pre-paid Visa cards, not just crypto related ones. I guess this time it's the issue between WaveCrest and VISA. But who knows what will happen next? Perhaps other banks are to follow but I hope not... |
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So what is VISA's reason for suspending pre-paid cards?
After all they are pre-paid so there is no credit risc.
Governments and tax offices whining about money laundering and tax evasion I guess? |
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Nice list but, sorry, near to useless in today situation, if we don't know at least which ones were issued by wavecrest
Exactly, besides some cards issued by WaveCrest are still working (like ADVCash). Why? I really don't get it... Mistertango card also works reportedly can somebody confirm? There are also rumors that TenX have switched the issuing bank and their new cards also work but no confirmation on this as well. Also TenX cards seem to be iussed by WaveCrest-Mychoice... https://support.tenx.tech/hc/en-us/articles/115000952011-What-are-the-KYC-limits-Yes, found that too. Just heard rumors they have switched the issuing bank lately so the new cards are not affected. Wonder if somebody can confirm this? |
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Don't think ADvcash is by wavecrest, anyway it's a mastercard, I have it
Contacted them today and they confirmed it: Anna V. (Advanced Cash Ltd) Jan 5, 15:58 MSK Thank you for contacting Advanced Cash support center. It`s Wave Crest.If you have any further questions or concerns, please let us know and we will be happy to help. You can always check out the FAQ inside your account in the Support Service section ( https://wallet.advcash.com/pages/faq) to quickly get answers to most common questions about how Advanced Cash works. The FAQ is also available at http://advcash.com/en/faq/. Best Wishes, Anna V. Customer Support Service Engineer Advanced Cash Ltd So I guess WaveCrest Mastercard cards are still working? |
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Nice list but, sorry, near to useless in today situation, if we don't know at least which ones were issued by wavecrest
Exactly, besides some cards issued by WaveCrest are still working (like ADVCash). Why? I really don't get it... Mistertango card also works reportedly can somebody confirm? There are also rumors that TenX have switched the issuing bank and their new cards also work but no confirmation on this as well. |
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Would be great if we could make a list of cards which are still in business. I guess that would be quite helpful for many (including myself).  |
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All Visa crypto credit cards issued by Wavescrest are blocked: cryptopay, tenx, coinsbank, wirex, xapo, spectrocoin, bitwala, bitpay - ALL BLOCKED
At this time only Advcash using Mastercard seems to work. Feel free to use my ref link if you like it https://[Suspicious link removed]/89dUf5
Just received a confirmation from them they're using Wave Crest too... |
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Hi,
Could you please tell me what is the issuer bank of your cards?
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Yeah, Bitpay is out too:
Hello, BitPay Card users,
Yesterday our European BitPay Card issuer Wave Crest Holdings, Ltd. received direction from VisaŽ to immediately close all accounts of its prepaid VisaŽ debit card programs.
The BitPay Card (non-US) is one of these programs, along with other cryptocurrency-related and standard prepaid VisaŽ debit cards. Unfortunately, Wave Crest was unable to provide us or cardholders with more time to prepare for this change.
What does this change mean for you?
Your BitPay Card account is now deactivated, and you will not be able to use it for further payments or withdrawals.
You can continue to log in to your BitPay Card dashboard for access to payment history, load history, and other important information.
What happens to your money?
You will get a refund for your ending card balance and for any outstanding card loads. We will be working with Wave Crest to make sure that all card balances return to our cardholders quickly.
If you ordered the BitPay Card recently, you expected to have much more time to use it. BitPay will offering card order fee refunds for all users who ordered on or after 1 December 2017.
We will be sending you another email in the coming days with more details on claiming your refund(s). We appreciate your patience as we respond to this sudden change. We will be working hard to assist our full international cardholder base through this transition.
What is next for the BitPay Card?
We are already in discussions with potential alternative issuers for the BitPay Card which will allow us to serve customers in Europe and beyond. The BitPay Card will continue to be available for users in the United States without interruption, and we expect to be back in your country soon.
As part of our commitment to BitPay Card users, we will send you an email when the BitPay Card becomes available in your country again. If you still want a BitPay Card, we will give you a card free of charge.
We're disappointed that we can't serve you anymore (for now, at least). And we're sorry that this change is going to take away a tool which many of you rely on. But we want to sincerely thank you for using our card. We appreciate having had the chance to work with you, and we hope you'll continue to get value from BitPay's bitcoin wallet app and payment processing tools.
If you have any questions or issues in the meantime, please reach out to our team.
Best,
The BitPay Team
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Just received this:
Hello, BitPay Card users,
Yesterday our European BitPay Card issuer Wave Crest Holdings, Ltd. received direction from VisaŽ to immediately close all accounts of its prepaid VisaŽ debit card programs.
The BitPay Card (non-US) is one of these programs, along with other cryptocurrency-related and standard prepaid VisaŽ debit cards. Unfortunately, Wave Crest was unable to provide us or cardholders with more time to prepare for this change.
What does this change mean for you?
Your BitPay Card account is now deactivated, and you will not be able to use it for further payments or withdrawals.
You can continue to log in to your BitPay Card dashboard for access to payment history, load history, and other important information.
What happens to your money?
You will get a refund for your ending card balance and for any outstanding card loads. We will be working with Wave Crest to make sure that all card balances return to our cardholders quickly.
If you ordered the BitPay Card recently, you expected to have much more time to use it. BitPay will offering card order fee refunds for all users who ordered on or after 1 December 2017.
We will be sending you another email in the coming days with more details on claiming your refund(s). We appreciate your patience as we respond to this sudden change. We will be working hard to assist our full international cardholder base through this transition.
What is next for the BitPay Card?
We are already in discussions with potential alternative issuers for the BitPay Card which will allow us to serve customers in Europe and beyond. The BitPay Card will continue to be available for users in the United States without interruption, and we expect to be back in your country soon.
As part of our commitment to BitPay Card users, we will send you an email when the BitPay Card becomes available in your country again. If you still want a BitPay Card, we will give you a card free of charge.
We're disappointed that we can't serve you anymore (for now, at least). And we're sorry that this change is going to take away a tool which many of you rely on. But we want to sincerely thank you for using our card. We appreciate having had the chance to work with you, and we hope you'll continue to get value from BitPay's bitcoin wallet app and payment processing tools.
If you have any questions or issues in the meantime, please reach out to our team.
Best,
The BitPay Team
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