Reloadable MasterCards!

[The Madhatter]

Hello all Bitcoiners!

If someone were to create a website to convert Bitcoins to Paxum/Payoneer they'd be a huge success overnight. I'm serious.

What is Paxum/Payoneer?

They are essentially replacements for the now defunct Epassporte. They have APIs that could enable an exchanger (you?) to have reloadable Mastercards mailed out (they handle all the mail for you) to a Bitcoiner and have those physical cards reloaded instantly at any time. Combine this with Mybitcoin, and you'd have a lean, mean, exchanging machine!

Imagine the repeat business? It would be 'off the hook'.

Paxum seems to be the new industry leader with Payoneer as a close 2nd. Both operate from favorable jurisdictions.

I suspect that Paxum is owned by the same people who used to run Epassporte, but I can't prove it.  

I could build this myself and make a killing, but I'd like to put it out there. I don't want to be the largest or only exchanger.

Cheers!
The Madhatter

[tyler]

Anyone know if its ATM accessable?

[tyler]

Where can I use your prepaid card?
Our Prepaid MasterCard Card is accepted anywhere MasterCard® is accepted. You can make transactions online or go to a store and make signature based purchases just like you would do with any other regular MasterCard card. You can also use your Paxum Prepaid MasterCard Card to withdraw money from any ATM around the world.

Nevermind

[The Madhatter]

Yes! They work at ATMs.

[jgarzik]

Yes! They work at ATMs.

Very nice...  bitcoin-to-ATM would be fantastic.

Making bitcoin successful involves a lot of this "last mile" type of solution.

[tyler]

Yes! They work at ATMs.

Very nice...  bitcoin-to-ATM would be fantastic.

Making bitcoin successful involves a lot of this "last mile" type of solution.

Plus theres a lot to be said about an anonymous atm card

[The Madhatter]

I don't think they are anonymous.

[doublec]

Plus theres a lot to be said about an anonymous atm card

To get the card you need to send photo ID. epassporte had the same requirement and so do similar services (Neteller, etc).

[tyler]

Plus theres a lot to be said about an anonymous atm card

To get the card you need to send photo ID. epassporte had the same requirement and so do similar services (Neteller, etc).

Right, but if you give the card to someone.... they don't know who that is

[doublec]

Right, but if you give the card to someone.... they don't know who that is

Yes but you'd be on the hook for any fraud that that someone committed.

[grondilu]

OMG

How close are we to provide a way to survive in this world without a bank account ?

[kiba]

OMG

How close are we to provide a way to survive in this world without a bank account

Hmm, it would be interesting to cruise around the world with no permits, official contracts, or anything stately.

[mtgox]

I have a paxum account so if anyone wants this let me know and I'll set up withdrawal to paxum.

[tyler]

I have a paxum account so if anyone wants this let me know and I'll set up withdrawal to paxum.

not really seeing the difference between paxum and paypal

[jgarzik]

I have a paxum account so if anyone wants this let me know and I'll set up withdrawal to paxum.

not really seeing the difference between paxum and paypal

Yeah, when going from mtgox -> paxum -> mastercard or mtgox -> paypal -> mastercard, it's pretty much the same.

I suppose the only real difference is that mtgox will probably have a difficult time getting and using another paypal account effectively (even if it's withdrawal-only?)