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Author Topic: Bitcoin Prepaid Cards Here  (Read 1682 times)
Welsh
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June 18, 2013, 11:34:43 AM
 #21

It's a great demand for it. But, these are also available in the marketplace. A lot of members sell these without the Bitcoin logo.

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June 18, 2013, 12:40:59 PM
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It's a great demand for it. But, these are also available in the marketplace. A lot of members sell these without the Bitcoin logo.

Who sells them?

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June 18, 2013, 12:58:48 PM
 #23

the cards can be with bitcoin logo or without bitcoin logo ... just with the prepaid cards company name on them

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June 18, 2013, 05:06:16 PM
 #24

will do it as simple as possible , card funding will be manual , about legal structures my only concern is if i can work with us customers or not, anyway  in 1-2 days will know all the details... the idea is that the cards are issued from an already mastercard licensed company and the company is authorised by the financial services authority ... all i do is to get btc from people and fund their cards from my card account. the cards are not issued by my website and are not my property .... this is why i think is possible to do it
yes , the cards are on the market but cant be funded directly with btc ..... in few words .... all i do is to work with the company who issue the cards , open a website , have the cards branded with the logo i want , then people order the cards through my website , receive the cards from the card company , send them docs to verify their identity and increase the card limits and after that just exchange through me like I buy  the btc and fund the people cards from my card account with $ or eur or gbp. like i'm buying btc from people and the btc sellers receive the money on their mastercard.

thats a problem with US ..... will try to come with news as soon as possible

You still might run into regulatory problems in the US. Even though the cards are not your property, you're still receiving BTC and exchanging ("receiving money for transmission") it to USD from your account. Look up what happened to Tangible Cryptography - they did something similar and then got pinned by the state of Virginia for not being registered as a money transmitter (the case hasn't been resolved yet).

Even if you somehow escape qualification as a money transmitter (state level) or an MSB (federal level), you'd still likely be an "agent" for a money transmitter or an MSB, in which case, you still have a pile of regulations to adhere to.

Good luck!

Securing the World's Bitcoin https://bitgo.com
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June 25, 2013, 11:28:40 PM
 #25

so i have good and bad news about prepaids ....... dont need a license , can operate under the prepaid cards company license. since i am EU based , they said :  It is fine to set up a new company in Europe to partner with us but you can only advertise openly the cards for customers in the EU as per MasterCard rules and regulations.

Now I'm waiting to see if I can advertise the cards worldwide .

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June 26, 2013, 09:45:24 PM
 #26

NEWS :

Cards can be available for US and also for EU.

Countries list :

Belgium , Bulgaria , Denmark , Germany , Estonia , Finland ,France*  ,Greece , Great Britain** ,Ireland  ,Iceland ,Italy ,Liechtenstein ,Lithuania ,Luxembourg ,Latvia ,Malta ,Netherlands ,Norway ,Austria ,Poland ,Portugal,Romania ,Sweden ,Spain ,Slovenia ,Slovakia ,Czech Republic ,Hungary ,Cyprus , United States

*incl. French Guiana, French Polynesia, French Southern Territories, Guadeloupe, Martinique, Mayotte, New Caledonia, Reunion,
Saint Pierre & Miquelon, Wallis and Futuna
**incl. Guernsey, Isle of Man, Jersey, Northern Ireland


Will start taking orders for cards within 2 days. Delivery time 14-20 days.

PM for more infos.

Thanks

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June 27, 2013, 12:12:08 AM
 #27

I want one of them.
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