Any suggestions of an unverified card that will be accepted for recurring/membership charges? I'm having a heck of a time with Lavapay's Visa Virtuon and don't want to have to waste any more money unless I'm *sure* it's going to work...
It is going to work but make sure a small excess of money is going to be in the card at the expected time of the transaction. The card service might be getting a monthly fee and this might make it so your card doesn't have enough balance, especially if the charge is automatic.
I think not verified cards will become more cost-effective, because the new legislation has come
Today I have received this from cryptopay:
The 4th EU Money Laundering Directive (4MLD) that will take action on 26 June, 2017. In line with this document, starting from 26th of June, all limits for unverified clients will change in accordance with the government regulators? guidelines:
The maximum load for an unverified cardholder across all cards will be reduced from ? 2,500 to ?250.
The maximum unload through point of sale transaction and ATM withdrawal for an unverified cardholder across all cards will be restricted to ?100.
To summarize, to be able to load more than ?250 or to exceed the spending limit of ?100, the cardholder has to be verified.
This would mean that it is impossible to raise the amounts as before, and if we consider how much the card issue costs, 10% is just the cost of making and sending the card to the user now how much money you will be able to raise and spend on it.
Interesting. My thoughts are that if the market can only offer cards for which users will need to be fully verified, people will probably end up signing up for e-banks like Mistertango, n26 and Leupay to get cards. Those are cheaper anyway.
How would you get your EUR/USD on an e-bank account then? You still have to go trough an exchange which requires verification (for BTC-FIAT) right?
So that wouldn't be truly "anonymous' or is there a way to do so?
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