BitPlastic

[smoothrunnings]

Check out https://bitplastic.com/ it's a newer debit loader card for loading your bitcoins onto and using it to buy stuff in fiat cash.

Because the person wanted to keep it anonymous the card is limited to $200 USD a day, but you can own multiple cards. There is also a one time fee to get the card, 0.25BTC, there are no hidden fees or monthly fees. There is a interact fee of about $1.50, if you live in Canada their will be a bank machine fee likely associate to it as banks have gotten more clever at stealing our money that they now charge a machine fee to withdraw money from them if you are not a member of their bank. So when I use TD or CIBC with my Scotia Bank card I am dinged $2.00 as a machine fee, and then my bank dings me another $1.50 for an interact fee.

I don't know anything about it and nor am I related to it. I am just sharing what I know, so don't shoot the messenger!

[smoothrunnings]

Ooops I see they charge a 5% conversion fee, which is too much for me! As they say on Dragons Den, I AM OUT!

[t1000]

This card costs almost as much as the card limit. I am OUT!

[empoweoqwj]

0.25BTC to get the card?!? Are they insane?

[Welsh]

First of all it costs too much initially. Then the fees are ridiculous. I can't see them getting much business.

[smoothrunnings]

First of all it costs too much initially. Then the fees are ridiculous. I can't see them getting much business.

I agree and just looking at the fees and the start price it looks like they are only looking at the business plan from the aspect of making their money back and not at the long-term of making it a full-time business otherwise they would lower the initial cost and their fees down were it becomes attractive to everyone and instead of breaking even on a few people and then going bankrupt they would have a very viable long-term business generating a profit.

Microsoft thinks this way, with every XBOX 360 sold Microsoft took a hit of $100 or so. I am not sure if they are taking any hit on the Xbox One but it wouldn't surprise me if they where. MS knew if they sold it in volume that people would buy buy their services which would make up for the loss, well these guys at Bit Plastic already have the service they just need to think of it in terms of volume.

NASA thought in terms of volume when the Space Shuttle was around and not blowing up, they offered to put companies satellites into orbit at half the cost it would take to launch them by rocket. They had people lined up out the door! And then they fucked up and blew the shuttle up!

[empoweoqwj]

First of all it costs too much initially. Then the fees are ridiculous. I can't see them getting much business.

I agree and just looking at the fees and the start price it looks like they are only looking at the business plan from the aspect of making their money back and not at the long-term of making it a full-time business otherwise they would lower the initial cost and their fees down were it becomes attractive to everyone and instead of breaking even on a few people and then going bankrupt they would have a very viable long-term business generating a profit.

Microsoft thinks this way, with every XBOX 360 sold Microsoft took a hit of $100 or so. I am not sure if they are taking any hit on the Xbox One but it wouldn't surprise me if they where. MS knew if they sold it in volume that people would buy buy their services which would make up for the loss, well these guys at Bit Plastic already have the service they just need to think of it in terms of volume.

NASA thought in terms of volume when the Space Shuttle was around and not blowing up, they offered to put companies satellites into orbit at half the cost it would take to launch them by rocket. They had people lined up out the door! And then they fucked up and blew the shuttle up!

I sincerely doubt they had a business plan, not one that didn't deserve to go in the bin anyway

[moriartybitcoin]

Hi folks, I'm Mike Moriarty, owner of https://BitPlastic.com

First, if you don't like the cost of the card, don't buy it.  But why bitch about it endlessly?  Other services like CoinKite and CaVirtex offer MUCH cheaper bitcoin cards. So use them :-)

People who value privacy love our debit card because, unlike the other cards out there, we don't request documents or verification of our customers.  Some people simply can't meet the demands of verification because they are permanent travellers, or because they live in a country from which the documents are not accepted.  Some folks simply don't like the idea of sending their personal identity documents off into the black hole of cyberspace.

You don't mind faxing your ID and passport to CaVirtex or CoinKite?  Then go use them.  And if their site gets hacked, and your identity documents get re-sold on the black market to identity thieves, maybe that 0.25 btc price for security won't seem to steep after all ...

Oh, and of course these other card-issuers will report your income to the IRS, so if you're a US citizen, I hope you declare your Bitcoin earnings :-)

And no, we don't report to anyone, period. In fact, we don't even know who you are, as we request no personal information whatsoever.

Want to discuss this with me?  My personal email is moriarty.bitcoin@gmail.com and I always respond to all emails.

Mike Moriarty
https://BitPlastic.com

[empoweoqwj]

Hi folks, I'm Mike Moriarty, owner of https://BitPlastic.com

First, if you don't like the cost of the card, don't buy it.  But why bitch about it endlessly?  Other services like CoinKite and CaVirtex offer MUCH cheaper bitcoin cards. So use them :-)

People who value privacy love our debit card because, unlike the other cards out there, we don't request documents or verification of our customers.  Some people simply can't meet the demands of verification because they are permanent travellers, or because they live in a country from which the documents are not accepted.  Some folks simply don't like the idea of sending their personal identity documents off into the black hole of cyberspace.

You don't mind faxing your ID and passport to CaVirtex or CoinKite?  Then go use them.  And if their site gets hacked, and your identity documents get re-sold on the black market to identity thieves, maybe that 0.25 btc price for security won't seem to steep after all ...

Oh, and of course these other card-issuers will report your income to the IRS, so if you're a US citizen, I hope you declare your Bitcoin earnings :-)

And no, we don't report to anyone, period. In fact, we don't even know who you are, as we request no personal information whatsoever.

Want to discuss this with me?  My personal email is moriarty.bitcoin@gmail.com and I always respond to all emails.

Mike Moriarty
https://BitPlastic.com

And you are operating legally in which  jurisdiction?

[Juswar]

Hi

Ive opted in and put the money up for the bitplastic bitcoin debit card, It is costly! Around $200 - $250 is expensive.
But you are paying for the simplicity & privacy. I personally feel to exposed when sending license or ID
details to someone I dont know. Just based off Bitcoins history so far with Silk Road probably the biggest,
I think anonymous works great until the Bitcoin Kinks are ironed out, in saying that, I am a big bitcoin believer.

At first, there were stages I was skeptical of Bitplastic and thought it would be like
The Raxcard Ripoff in which they just blatantly stole my money with a straight out lie.
But my opinion on bitplastic is positive overall to date, Now I'm just about to find out if the card works

Bitplastic have kept me well informed and at the time of writing this Im at the stage where my card has
just been loaded with BTC (24-48hr process) then Im heading to the ATM where I live in Australia
and see how it goes. I had some security issues at first when my account was hacked but bitplastic
have quickly made the required changes and since it seams to be running safe and secure

I'm sick to death of straight out bitcoin thieves so I'm exposing any I come across thanks to a mates webpage
I work hard for my money as we all do, and to make money takes my time out of my precious life to earn.
While we get preyed on while were trying to find answers to problems, so I hope others can also benefit from my experiences

Im not involved with any of these groups, I write it as my experience happens, and have done the same for Bitplastic
Ive documented my dealings with raxcard.com to warn others. Im also currently watching Pyramining and now Bitplastic
Should Bitplastic come through, Ill praise them as I should but if they are the opposite, I guess youll read about it here

Should the money draw out ok, its alot cheaper that releasing cash MtGox (which was a 22% fee)
going through Virwox to paypal was something like 18% total fee. Bitplastic has been approx 5% to load the card with BTC
Im pretty sure its a $2 fee where I live so it totals approx 7% to have cash in your hand (After the 0.2 BTC cost of each card)

So my last thing to do is find out if the money comes out ok with the card, I have my pin number, card and Ill put the result on the webpage
in 48hrs of this blog. Im actually very confident Itll work, I think Micheal is offering something that's wanted, especially for bitcoin miners.
A simple way to turn bitcoins into cash anonymously, at least until the bitcoin economy is larger

You can find my experience so far by clicking below

http://tkdcentral.com/archives/bitplastic-bitcoin-debit-card-www-bitplastic-com-revolutionary-or-ripoff-our-experience-so-far/

My Raxcard & Pyramining results so far are also linked on that page if it helps

If This Story Helps You, Buy Me A Cuppa or just donate to
1Jjh7WFENU4n1o2kR5gnZ4JHvjnUyDTeNk

[empoweoqwj]

Hi

Ive opted in and put the money up for the bitplastic bitcoin debit card, It is costly! Around $200 - $250 is expensive.
But you are paying for the simplicity & privacy. I personally feel to exposed when sending license or ID
details to someone I dont know. Just based off Bitcoins history so far with Silk Road probably the biggest,
I think anonymous works great until the Bitcoin Kinks are ironed out, in saying that, I am a big bitcoin believer.

At first, there were stages I was skeptical of Bitplastic and thought it would be like
The Raxcard Ripoff in which they just blatantly stole my money with a straight out lie.
But my opinion on bitplastic is positive overall to date, Now I'm just about to find out if the card works

Bitplastic have kept me well informed and at the time of writing this Im at the stage where my card has
just been loaded with BTC (24-48hr process) then Im heading to the ATM where I live in Australia
and see how it goes. I had some security issues at first when my account was hacked but bitplastic
have quickly made the required changes and since it seams to be running safe and secure

I'm sick to death of straight out bitcoin thieves so I'm exposing any I come across thanks to a mates webpage
I work hard for my money as we all do, and to make money takes my time out of my precious life to earn.
While we get preyed on while were trying to find answers to problems, so I hope others can also benefit from my experiences

Im not involved with any of these groups, I write it as my experience happens, and have done the same for Bitplastic
Ive documented my dealings with raxcard.com to warn others. Im also currently watching Pyramining and now Bitplastic
Should Bitplastic come through, Ill praise them as I should but if they are the opposite, I guess youll read about it here

Should the money draw out ok, its alot cheaper that releasing cash MtGox (which was a 22% fee)
going through Virwox to paypal was something like 18% total fee. Bitplastic has been approx 5% to load the card with BTC
Im pretty sure its a $2 fee where I live so it totals approx 7% to have cash in your hand (After the 0.2 BTC cost of each card)

So my last thing to do is find out if the money comes out ok with the card, I have my pin number, card and Ill put the result on the webpage
in 48hrs of this blog. Im actually very confident Itll work, I think Micheal is offering something that's wanted, especially for bitcoin miners.
A simple way to turn bitcoins into cash anonymously, at least until the bitcoin economy is larger

You can find my experience so far by clicking below

http://tkdcentral.com/archives/bitplastic-bitcoin-debit-card-www-bitplastic-com-revolutionary-or-ripoff-our-experience-so-far/

My Raxcard & Pyramining results so far are also linked on that page if it helps

If This Story Helps You, Buy Me A Cuppa or just donate to
1Jjh7WFENU4n1o2kR5gnZ4JHvjnUyDTeNk

Thanks for sharing. Just make sure you update us when you get the money out ok

[battlescars]

the fees maybe cost a little o much but i really enjoy and like the idea behind bitplastic, its like a bitcoin creditcard
i love it. I dont see it being useful now a this point in time and i think prices will be lowered when people want bitcoins more
and more stores open for bitcoins that accept them.

[empoweoqwj]

the fees maybe cost a little o much but i really enjoy and like the idea behind bitplastic, its like a bitcoin creditcard
i love it. I dont see it being useful now a this point in time and i think prices will be lowered when people want bitcoins more
and more stores open for bitcoins that accept them.

yeah, the fees need dropping IMHO

[moriartybitcoin]

For BitcoinTalk users I created a discount :-)

You can get 0.04btc off the cost of the card by entering coupon code 'bitcointalk' when you request the debit card.

Hope that helps ..

https://BitPlastic.com

[empoweoqwj]

For BitcoinTalk users I created a discount :-)

You can get 0.04btc off the cost of the card by entering coupon code 'bitcointalk' when you request the debit card.

Hope that helps ..

https://BitPlastic.com

Are you related to the OP?

[Juswar]

Hi All

As with my previous comments, Ive been testing the Bitplastic Bitcoin Debit Card, and wrote a small diary of the journey
Managing to expose the "Raxcard Ripoff", Im hopefull that Bitplastic with provide the answer to what Im seeking

After the money turned up into my Bitplastic Bitcoin Debit Card and I went to the local store with card loaded and my pin memorised
I give the card to the shop attendant and ...................... (Sorry for the suspense but you'll have to click below)

http://tkdcentral.com/archives/bitplastic-bitcoin-debit-card-www-bitplastic-com-revolutionary-or-ripoff-our-experience-so-far/

If This Story Helps You, Buy Me A Cuppa or just donate to
1Jjh7WFENU4n1o2kR5gnZ4JHvjnUyDTeNk

[empoweoqwj]

Hi All

As with my previous comments, Ive been testing the Bitplastic Bitcoin Debit Card, and wrote a small diary of the journey
Managing to expose the "Raxcard Ripoff", Im hopefull that Bitplastic with provide the answer to what Im seeking

After the money turned up into my Bitplastic Bitcoin Debit Card and I went to the local store with card loaded and my pin memorised
I give the card to the shop attendant and ...................... (Sorry for the suspense but you'll have to click below)

http://tkdcentral.com/archives/bitplastic-bitcoin-debit-card-www-bitplastic-com-revolutionary-or-ripoff-our-experience-so-far/

If This Story Helps You, Buy Me A Cuppa or just donate to
1Jjh7WFENU4n1o2kR5gnZ4JHvjnUyDTeNk

Asking us to click a link instead of just pasting in the story is just plain daft. What % of people do you think will click the link?

[Juswar]

Who ever wants to find out,
you could be right and maybe no-one will
perhaps I am daft as your certainly entitled to your opinion,
either way, the result is there for anyone who is interested.   

[joeventura]

Here are things you can do to improve your service:

1. Have a "Forgot your password" function on your website
2. Have different tiers of service such as:
         Cheap card with high service fee
         High cost card with low service fee

3. $200 a day limit is going to be a real limitation
4. Give away a few cards in exchange for honest reviews

Since you already said you can't give away any cards you probably don't have the finances to make a go of this service.

Wishing you the best of luck.

[aigeezer]

I just got an affiliate person's ad for this in my email so came here to see what the buzz was.

My first thought was that it is very pricey, but I see how it might be a lot less hassle to use than jumping through hoops at the exchanges.

I like the feisty FAQ page: https://bitplastic.com/bitcoin-questions

You know, if it hadn't been for the BFL fiasco I might have been a lot more amenable to new ventures like this. BFL toughened us all up, for better or worse. We look under every rock now, perhaps too much so.

I'm not ready to buy one yet, mainly because I'm trying to accumulate BTC, not convert it to fiat. It's definitely worth watching though. Good luck with the venture.