[ANN] Withdraw your bitcoins to ANY credit/debit card in the world!

[Aggro]

Any news yet? Is it safe to use this service?

Edit: Just checked rates. It will actually be more expensive than sending a normal international wire transfer directly from Bitcoinica. So, useless.

That is, if you have a bank account. Frankly, we can barely keep up processing orders because of the success of this service. Just counting countries alone where people don't have access to bank accounts, or foreign wires are highly taxed or scrutinized (such as Africa, Brasil and China to name a few) we have processed over 3000 orders since we started a few weeks ago.

 

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[BrightAnarchist]

Thanks for implementing this much needed service

I may use this in the future

[El Cabron]

I will test this, I just need to go to the bank first to see what my daily limit is:)

[yodog]

I used this service earlier last week, funds showed up, but they were $81.30 less than the amount shown after fee's..

The amount I had expected was 940.96, yet only $859.66 showed up...

This was from a beginning amount of $979.24

Why was I shorted $81.3?

Hello Yodog,

I have actually checked your order, and system payment, and we have sent exactly $940.96 to your card. In which country was the card issued, and what is the native currency for the card?

This seems to be some problem with your card issuer possibly doing an unnecessary double forex conversion on their side.

You did not send 940.96 to my card, nor did you send it in USD $, but rather CAD $

either way, I do not want to make this public yet I replied to the ticket on your site.. Not impressed at all....

We are not able to send CAD. We are only able to send USD and EUR as stated on our website. ALL fund are sent in either currency according to the customer's choice at the time of the order.

I have opened an investigation with the disburser and I'll let you know as soon as I hear from them.

In the meantime, here is a screenshot of your transaction from the disburser's side showing the funds were sent in USD (note that the amount shown is more than what we sent because we need to include some of the processor's fee along with your payment):

[IMG]http://i50.tinypic.com/2wow3h0.png[]

It seems some issuing banks with very antiquated systems convert the funds to their national currency when they receive it through the card's network, and then convert them back to the actually currency of your card, effectively doing a double forex conversion and on top of that charging a conversion fee every time they do this unnecessary step.

Since your card is a canadian issued card denominated in USD, this is most likely what happened.

 I will get back to you once I get my online access set up.. They said they recieved CANADIAN FUNDS.. then converted to USD... how would this happen? More than likely your processor screwed up and shorted me 80$ + sent in wrong currency...

Either way I am not impressed and very disappointed as I was wanting to use this service again...

So far everyone who I have learned about on this forum has either A) scammed me, or B) shorted me.... so far the only honest people I have dealt with were coinabul.com and canadianbitcoins.com(who has already sent me 4500, and now too be 9k)

[yodog]

as I had promised and already sent via your sites helpdesk



Here my online banking statement with my other transactions blanked for privacy.

Notice how it says CAD874.56@0.982963AURUMX S025363 AURUMX  $859.66
 
This means due to your processor's error in sending CAD$ instead of the USD$ (which as per your website state is the only currency used, other than GBP). I have lost a total of $81.30, including your service fee's this transaction has costed me $119.58. Which is totally unacceptable considering this service is advertised at 2.99% plus a service fee of $9, which should of only been $38.28.

I sincerely hope you can make this right, I really wanted this service to work perfectly as this makes it so much easier to use my BTC's to take care of my daily expenses.

[El Cabron]

I am going to see this how this works out with yodog before trying. I will be sending this to Thailand so I am a bit worried. Please let me know when the problems has been isolated and corrected. Thank you!

[Shadow383]

Watching this with interest - there are clearly some bugs to be sorted out on this one 

[miernik]

Fees are a fact of life when moving money around. $39 is still better than the average $45 in fees when sending international wires.

45$ for a wire? Change banks. For example from http://www.aliorbank.pl/en you can send wire with OUR option (all costs covered) anywhere in the world for 70 PLN, which is about 22 USD. Both from private and business accounts.

[disclaimer201]

Fees are a fact of life when moving money around. $39 is still better than the average $45 in fees when sending international wires.

45$ for a wire? Change banks. For example from http://www.aliorbank.pl/en you can send wire with OUR option (all costs covered) anywhere in the world for 70 PLN, which is about 22 USD. Both from private and business accounts.

I wouldn't trust a Polish bank with my money any more than I would trust a Polish exchange, sorry.

[miernik]

I wouldn't trust a Polish bank with my money any more than I would trust a Polish exchange, sorry.

In fact Polish banks are more trustworthy then banks in most countries, especially so called "western" countries, which much more freely close accounts/freeze assets at a whim.

A Polish bank would have to have really hard evidence of crime, in practice a court order, to freeze accounts, and randomly closing accounts because of "AML risk" is practically unheard of.

There are no bank transfer chargebacks, all banks have multiple-factor authentication, and any action done online is deemed to be done by the account owner, and claims "some virus on my computer sniffed my login data and made the transfer" are usually not respected. To the few people who actually had this happen (because of clue-lessness of using a Windows machine and entering one-time codes where one shouldn't) (there where a few cases in the news) the bank basically said: its your fault, we will NOT reverse the transfer.

And good, because when you get paid by bank transfer, you actually know you got paid and it'll stay. Not like in the infamous Australia WBX case recently, or Dwolla reversals in the US. Such things do not happen in Poland.

[Stephen Gornick]

Nice plug for this service by Jon Matonis in Forbes:
 - http://www.forbes.com/sites/jonmatonis/2012/05/07/bitcoin-funded-debit-cards

[yodog]

Watching this with interest - there are clearly some bugs to be sorted out on this one  

It has been confirmed that Aurumxchange's processor dropped the ball on this one.....

In 48 hrs I should have rest of my money, and then I will give them another chance, hopefully this time everything goes as planned.

[Stephen Gornick]

In 48 hrs I should have rest of my money, and then I will give them another chance, hopefully this time everything goes as planned.

Aurum X Change handles numerous types of funds transfers.  Are you reporting a problem specifically this for this Withdraw2Card method or some other service from them?

[yodog]

withdraw2card/ service.

[El Cabron]

very cool, i look forward to trying this out:)

[rampone]

Do I understand right: dropped the ball meaning, over and out? rates are N/A on the site, and when testing, it says not possible right now... darn: "they" hate bitcoin the enemy of fiat??!!

Hopefully it comes back, as I would like that option. But hopefully my other way to MC does not get killed

[Stephen Gornick]

Cause:

Nice plug for this service by Jon Matonis in Forbes:
 - http://www.forbes.com/sites/jonmatonis/2012/05/07/bitcoin-funded-debit-cards

and effect?

We are temporarily suspending the card loads and withdraw2card services. We will post more information within the next 24 hours.

- http://blog.aurumxchange.com/2012/05/card-loads-temporarily-suspended.html

[diegofv]

Anyone has hear when they will re activate the service?