Here are some alternative ideas for sellers who don't have (or don't want to use) a US bank account. If you have a creative option, share it in this thread.
The easiest option: PayPalIf you have a PayPal account
sign up for their debit card. There is no signup or monthly fees. We deposit the proceeds from your coins sale into your PayPal account and you instantly have funds available anywhere that takes VISA (w/ 1% cash back). You can also use the debit card to withdraw funds from an ATM.
That is a great idea but for moral, ethical, religious, or financial reasons I can't or won't use PayPalA reloadable prepaid card and GreenDot MoneyPak is likely your best option. There are a lot of reloadable prepaid cards and they all have different fees, so try to find one which matches what you will use it for. You worked hard for those coins get the most from them.
One of the better options is the
Walmart MoneyCard. If you load $1,000 or more there is no monthly fee. This shouldn't be taken as an endorsement by Tangible Cryptography. There may be better prepaid alternatives. We would love to hear from our sellers if they use any.
Most prepaid cards cost $3 to $5 if you buy one in the store but
if you order online they usually are free. We got prepaid cards free from about twenty companies to evaluate them. Sell us some coins, we payout in a GreenDot MoneyPak and you load the funds on to your card. A fee of $5 (up to $500) or $10 ($501 to $1000) will be deducted from the payout when using MoneyPak option.
You had me until the "f" word. I hate fees.Some prepaid cards (like Walmart money card above) can accept a direct deposit. Our ACH service hasn't officially launched yet but we would be happy to do a trial run for anyone who has a prepaid card that can accept direct deposit. Sell us some coins, give us the direct deposit info for your prepaid card and you will have funds in 3-5 days with no "f" words. You can find the direct deposit info in the online account for your prepaid card.
Wait wait wait. Those are spending options. I need cold hard cash. You know cash, dough, greenbacks, Benjamins, paper and I don't want to make 20 trips to the ATM. How can I get a lot of cash and quick?We can deposit up to $5,000 into your Bank of America or Wells Fargo account, today.
If you don't have (or don't want to use) a bank account your best option is a
certified cashier's check. Unlike a regular check, the funds are removed when the check is printed not when it is cashed. There is no possibility of the check being denied due to lack of funds or account being closed. Check cashing services have more options on verifying a certified check than a regular check because banks provide the ability to verify the amount, payee, and status.
Review of our check fees:
Check by first class mail - $0
Certified cashier's check - $20
Priority Mail (2-3 days) - $5
Express Mail (overnight) - $10
