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Author Topic: [ANN] PAYCENT - The Only Crypto Fiat Card Delivered and Used Globally  (Read 23222 times)
paycent
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November 15, 2017, 10:55:19 AM
 #741

Is there a charge on automatic conversion of crypto currency to fiat money?

There is a minimal fee of 1.5%. Keeping the fees low will be Paycent's priority as we are looking to add more users to the ecosystem rather than earning more profit. To know more about it, kindly read the whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
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paycent
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November 15, 2017, 10:58:55 AM
 #742

Hello. When will the first physical cards be released? Is their quantity limited?

We will initially release 10,000 Paycent Debit Cards on the 10th of April 2018 – 30th of April 2018. Know more about it on our whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

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paycent
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November 15, 2017, 11:05:21 AM
 #743

Will the cards be delivered for free to customers of your platform by mail?

We are still looking at the specifics of distributing the Paycent debit cards. We will announce any updates about it once we've finalized it.

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paycent
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November 15, 2017, 11:07:38 AM
 #744

Good afternoon. Are the conditions for using cards different for those who took part in the ICO and for those who ordered a card later?

Yes, we'll be giving away additional tokens for contributors during the ICO. This is our way of saying thanks to the people who've trusted us early on.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
kentuckykid
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November 15, 2017, 11:10:08 AM
 #745

Have you managed to conclude cooperation agreements with central or national banks? 
paycent
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November 15, 2017, 11:23:39 AM
 #746

What types of cards are available for release? Are they all serviced at the same price?

We have three kinds of Paycent Debit Cards namely: Paycent Solitaire Card, Paycent Sapphire Card and Paycent Ruby Card. The Paycent Ruby Card will have a minimal card issuance fee of $15. To know more about it, read our whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

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November 15, 2017, 11:26:10 AM
 #747

Hello. Any member of the ICO receives a premium black card of Solitare, right?

Hi! Just to clarify:
"1. Paycent Solitaire Card
This is a limited edition card for Paycentos (PYN) token
holders who invest 500 ETH or more in the project. It comes
with daily spending limit of US $100,000 and withdrawal limit
of US $5,000 aside from the multiple additional rewards for
the token holders. Card issuance and delivery fee are waived
for Paycent Solitaire card holders."

This is taken from our whitepaper. To know more about this, read our whitepaper here: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

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November 15, 2017, 11:28:11 AM
 #748

Will your cards have a daily spending limit?

Yes, there is and depending on the type of Paycent Debit Card. Know more about it here: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

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bit679
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November 16, 2017, 05:47:22 AM
 #749

With which stock exchanges have you already managed to reach an agreement?

We cannot disclose them as of the moment. We will disclose them when contracts are finalized.
Well, at least tell us about what volumes of liquidity are you talking about? Or is it also private information?

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MadduckUK
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November 16, 2017, 06:09:11 AM
 #750

Hello. I'm wondering if your debit cards will have an overdraft option.

None at the moment. But you may use the microloan feature.
And what interest rate will apply to the principal amount of this microloan?
Shaurman
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November 16, 2017, 06:12:15 AM
 #751

Do I have to visit the physical office of your company in order to open a bank account in Paycent?

Paycent is not a bank.
Does it mean that it’s possible to transfer the funds only from the card to another card, without receipts?
romfish
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November 16, 2017, 07:25:48 AM
 #752

Do you plan to obtain licenses from regulators in other countries?


Yes to support the smooth money flow between fiat and crypto.
But getting a license is a rather long process. When are you going to submit your first applications?
stopatnever
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November 16, 2017, 07:38:03 AM
 #753

What’s the difference between Paycent and companies like TenX and Monaco?
spottcoin
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November 16, 2017, 07:38:23 AM
 #754

Hello. Can companies use the exchange of assets in the crypto currency in order to avoid paying taxes?


We are not promoting tax evasion, all transactions are transparent.
But in most countries transactions using crypto currency are not regulated. Will those who commit them be able to pay taxes?
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November 16, 2017, 07:51:48 AM
 #755

Is there a charge on automatic conversion of crypto currency to fiat money?

There is a minimal fee of 1.5%. Keeping the fees low will be Paycent's priority as we are looking to add more users to the ecosystem rather than earning more profit. To know more about it, kindly read the whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6
Does the size of the sum that I would like to exchange affect the size of the commission?

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November 16, 2017, 09:20:28 AM
 #756

Good afternoon. Let's say I'm changing Bitcoins to Euro. In what currency will I be charged?
thelastofas
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November 16, 2017, 09:21:37 AM
 #757

Will users be able to destroy any part of their tokens? Sell them far below the market price, for example?
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November 16, 2017, 09:22:18 AM
 #758

Hello. What is the discount rate for merchants using mPOS solutions developed by your platform?

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paycent
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November 16, 2017, 04:56:43 PM
 #759

Do you plan to obtain licenses from regulators in other countries?


Yes to support the smooth money flow between fiat and crypto.
But getting a license is a rather long process. When are you going to submit your first applications?

We have started the 1st leg in Singapore, Philippines, Indonesia, UAE. Please check our roadmap: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
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November 16, 2017, 04:57:34 PM
 #760

What’s the difference between Paycent and companies like TenX and Monaco?

We are entering Crypto from fiat by having licenses in place, EMI and Remittance licenses. It's not only debit cards. We have a dedicated mPOS and merchant app. That is hybrid it’s not only fiat. We have offices and over 70 people spread in 9 countries and expanding further in other countries too. The Cointelegraph article also explains it nicely Our business model is different in other words from TenX is fiat and crypto together. Hence our requirements are different from others Its not only debit cards, all licenses have a cost. Currently Fiat User App is available.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
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