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Author Topic: Finally, a BANK is accepting Bitcoins now!  (Read 3418 times)
finway
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November 10, 2011, 12:24:50 PM
 #1

CALLed  OKPAY, with 300,000 users.

300,000 users, it's 5 times the current bitcoin users.

https://bitcointalk.org/index.php?topic=51403.0;topicseen

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BadBear
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November 10, 2011, 12:55:25 PM
 #2

That isn't a bank you dork.   

A quick google turned up this regarding okpay, so buyer beware. 
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Whois Private - Hidden ownership. Registered through godaddy.

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"For safety reasons and because of Moneybookers chargebacks your payments are put on hold while being checked. The process may take up two months depending on the period you are using OKPAY. Approximate time of us getting chargebacks is a month. "


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worldinacoin
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November 10, 2011, 12:58:35 PM
 #3

I doubt that it is a bank, can anyone point to where it is registered as a bank?
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November 10, 2011, 01:03:39 PM
 #4

They do have a link 'online banking' so it does seem they consider themselves a bank. And they have all the normal functionality of a bank.

https://www.okpay.com/en/services/online-banking/index.html
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November 10, 2011, 01:27:38 PM
 #5

They aren't a bank.  They aren't registered as a bank in any country.  They have BANK ACCOUNTS in offshore banks but that makes them about as much a bank as MtGox (who also has bank accounts).
Raoul Duke
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November 10, 2011, 02:18:57 PM
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They are more like paypal than like a bank, but at least it's good to see they are willing to recognize bitcoin.

It could be a good way to cash out of bitcoin. You ask for one of those debit cards they have, you top up your account with bitcoin, you withdraw it at an ATM anywhere in the world. Sure beats the crap out of MtGox Wink

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November 10, 2011, 02:27:43 PM
 #7

Hmm, they are giving away a debit card, does it work also on ATM?

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November 10, 2011, 02:30:08 PM
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Hmm, they are giving away a debit card, does it work also on ATM?

They aren't "giving" it(costs $15 to emit), but yeah, it's supposed to work on any ATM worldwide, I have one from payoneer and it works everywhere, ATM and POS. The payoneer one is a mastercard, just like the one from OKPAY, so I suppose it works the same, and their fees are on the same level as Payoneer.

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November 10, 2011, 02:50:14 PM
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Is it legit to add bitcoin to the credit cards without fears that your credit card will be cancelled?
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November 10, 2011, 02:54:02 PM
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They are "debit cards".

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November 10, 2011, 02:57:48 PM
 #11

Is it legit to add bitcoin to the credit cards without fears that your credit card will be cancelled?

You aren't added it to "a credit card you own" you are adding it to the debit card they issue to you.

So they give (sell) you a card with $0.00.  It is issued by them.  You deposit $100 worth of BTC and your debit cards is now worth $100.

It only works with their debit card.
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November 10, 2011, 03:44:10 PM
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Well that certainly sounds veyr convenient, $15 is cheap for all the conveniences it offers.
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November 10, 2011, 04:14:01 PM
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People who treat online wallet services as banks only risk with their own saving funds.

Google Epassporte for reference.

Good luck!
Raoul Duke
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November 10, 2011, 04:18:08 PM
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People who treat online wallet services as banks only risk with their own saving funds.

Google Epassporte for reference.

Good luck!

I use Paypal and Payoneer for years now and never had any trouble. Just keep away of the ones that deal with porn and you should be good. Maybe it should be a good idea to keep away of the ones that deal with forex and hyips' also Wink and OKPAY deal with forex and HYIPs'

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November 10, 2011, 04:21:42 PM
 #15

Finally, a BANK  is accepting Bitcoins now!


Not a bank.

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November 10, 2011, 04:33:38 PM
 #16

People who treat online wallet services as banks only risk with their own saving funds.

Google Epassporte for reference.

Good luck!

I use Paypal and Payoneer for years now and never had any trouble. Just keep away of the ones that deal with porn and you should be good. Maybe it should be a good idea to keep away of the ones that deal with forex and hyips' also Wink and OKPAY deal with forex and HYIPs'


Paypal is "too big to fail"  
Other online wallet services could close shop at any time for any reason or none whatsoever - doing gambling where not allowed, locked by feds investigation, owners needing to fund his new movie or mortgage, etc etc.

All I'm saying, as money couriers, online wallets are fine, less risky than using them as storage/bank.
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November 11, 2011, 04:13:05 AM
 #17

Not a bank.

Shit, I think that's an understatement. No EV cert, creepy domain registration, offshore business registration with mailing and registered business addresses that are used by fucktons of other iffy-looking companies... what kind of moron gives these people money?

To me, the fact they're accepting a mostly-untraceable, irreversible currency is not immediately a good thing.

^_^
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November 11, 2011, 02:08:02 PM
 #18

Alexa Global traffic rank:

Paypal.com  34
bankofamerica.com 131
Chase.com 172
MoneyBookers.com 1,252
Westernunion.com 4,238
Visa.com 10,910
Xoom.com  15,523
OKPAY.COM  15,806
MoneyGram.com  15,968
Dwolla.com 99,429

It seems that OKPAY is worth paying attention to.

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November 11, 2011, 02:42:35 PM
 #19

Alexa Global traffic rank:

Paypal.com  34
bankofamerica.com 131
Chase.com 172
MoneyBookers.com 1,252
Westernunion.com 4,238
Visa.com 10,910
Xoom.com  15,523
OKPAY.COM  15,806
MoneyGram.com  15,968
Dwolla.com 99,429

It seems that OKPAY is worth paying attention to.

Nice work. I've used most of those. Now all I need is a bank that will take direct deposit of my payroll check and will send me Bitcoin.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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November 11, 2011, 02:44:52 PM
 #20

domain: okpay.com
owner: - -
organization: OKPAY Inc.
email: kosmorus@gmail.com
address: Mill Mall Tower, 2nd Floor, Wickhams Cay
city: Road
postal-code: VG1110
country: VG
phone: +49.11111111


Searching the address comes up with nothing but scams and scam warnings, with no way to contact/find the owner.  I'll pass, thanks.  

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