[ANN] Withdraw your bitcoins to ANY credit/debit card in the world! - page 2.

El Cabron

vip

Activity: 840

Merit: 1000

Quote from: disclaimer201 on May 05, 2012, 06:47:23 AM

Quote from: El Cabron on May 05, 2012, 06:00:59 AM

This is damn cool if I understand this right. 2% fee plus $9.

So $1000 to my debit visa will cost me $29 if i pay with a gox code.

Very nice.

How is that cool if you'd only pay $25 at Bitcoinica? Are wires more expensive at MtGox?

I have to pay a 2% fee anyway to fund my debit card.

This make the "wire" only cost $9 and if it takes less than 2 weeks its worth it!

disclaimer201

legendary

Activity: 1526

Merit: 1001

Quote from: El Cabron on May 05, 2012, 06:00:59 AM

This is damn cool if I understand this right. 2% fee plus $9.

So $1000 to my debit visa will cost me $29 if i pay with a gox code.

Very nice.

How is that cool if you'd only pay $25 at Bitcoinica? Are wires more expensive at MtGox?

El Cabron

vip

Activity: 840

Merit: 1000

This is damn cool if I understand this right. 2% fee plus $9.

So $1000 to my debit visa will cost me $29 if i pay with a gox code.

Very nice.

yodog

member

Activity: 99

Merit: 10

Quote from: Aggro on May 02, 2012, 07:38:35 AM

Quote from: yodog on May 02, 2012, 01:11:49 AM

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....

disclaimer201

legendary

Activity: 1526

Merit: 1001

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.

Aggro

donator

Activity: 296

Merit: 250

Quote from: yodog on May 02, 2012, 01:11:49 AM

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.

yodog

member

Activity: 99

Merit: 10

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?

davout

legendary

Activity: 1372

Merit: 1007

1davout

Quote from: Aggro on April 13, 2012, 11:34:31 AM

Hey Davout!

No is not a hack. Credit to debit/credit cards are possible though it seems to be something relatively new and not that widespread.

matonis already answered with a couple interesting links to the Visa developer site

Aggro

donator

Activity: 296

Merit: 250

Quote from: davout on April 13, 2012, 03:37:01 AM

Quote from: Aggro on April 13, 2012, 02:18:46 AM

we still are conducting some tests on this.

nice

Also you haven't answered this valid question :

Quote from: davout on April 12, 2012, 12:36:17 PM

I work in the same building as some experts in the payment industry, I have asked them this question : "Is it possible to credit a credit/debit card with an arbitrary amount ?"

The answer was clear : "No, unless it is a prepaid credit card. The only way to credit a card is to make a refund of a previous payment that got authorized and then captured"

So my question is : do you have an independent source or reference mentioning this "new feature" ?

... or is it just some sort of hack you're "still testing" ?

Hey Davout!

No is not a hack. Credit to debit/credit cards are possible though it seems to be something relatively new and not that widespread.

davout

legendary

Activity: 1372

Merit: 1007

1davout

Quote from: matonis on April 13, 2012, 04:59:31 AM

Original Credit Transactions with VISA are explained here:
https://developer.visa.com/vpp/docs/methods/OCT

and also see: Requirements for Original Credit Transactions processed as Fast Funds (starts on pg 28):
http://usa.visa.com/download/merchants/visa-international-operating-regulations-summary.pdf

Thank you! That's really interesting!

matonis

sr. member

Activity: 303

Merit: 251

Original Credit Transactions with VISA are explained here:
https://developer.visa.com/vpp/docs/methods/OCT

and also see: Requirements for Original Credit Transactions processed as Fast Funds (starts on pg 28):
http://usa.visa.com/download/merchants/visa-international-operating-regulations-summary.pdf

Bitcoin Oz

hero member

Activity: 686

Merit: 500

Wat

Fuck visa and mastercard for the banking blockade of wikileaks. It will be a cold day in hell before I support them with any business

davout

legendary

Activity: 1372

Merit: 1007

1davout

Quote from: Aggro on April 13, 2012, 02:18:46 AM

we still are conducting some tests on this.

nice

Also you haven't answered this valid question :

Quote from: davout on April 12, 2012, 12:36:17 PM

I work in the same building as some experts in the payment industry, I have asked them this question : "Is it possible to credit a credit/debit card with an arbitrary amount ?"

The answer was clear : "No, unless it is a prepaid credit card. The only way to credit a card is to make a refund of a previous payment that got authorized and then captured"

So my question is : do you have an independent source or reference mentioning this "new feature" ?

... or is it just some sort of hack you're "still testing" ?

Aggro

donator

Activity: 296

Merit: 250

Quote from: bitdragon on April 12, 2012, 12:21:08 PM

Paxum had this feature and then disabled mtgox/bitcoin completely...

They had rules that only ones own card could be funded, is this the case here too? [just re-read and you confirm this in your post....]

"do not attempt to send more than [card limit] to your card"

Sorry for maybe a naive question:

I can only put funds on my card if I have an outstanding balance with them? Or I can put funds on my card up to the level of my spending limit? or each transfer to the card cannot be higher than the card limit?

The 1K ceiling is there to ensure sufficient fees are generated or is this a limit imposed by someone else?
And the Credit Card company doesn't charge for this other than a horrible exchange rate from USD?

I would like an easy way to monthly pay off my CC bill through the sale of Bitcoins.
And to have it automated would rock; through the services of my humble outsourcer for a start

Thank you,

You are correct that this can be used to pay for your CC bill. Haven't thought it that way actually

. Paxum cited MasterCard asking them to discontinue bitcoin. We are official issuers of MasterCards and have been for years, before Paxum was born, and have never received such request from MC.

Aggro

donator

Activity: 296

Merit: 250

Quote from: bitdragon on April 13, 2012, 01:42:59 AM

Quote from: bitdragon on April 12, 2012, 12:21:08 PM

I can only put funds on my card if I have an outstanding balance with them? Or I can put funds on my card up to the level of my spending limit? or each transfer to the card cannot be higher than the card limit?

The 1K ceiling is there to ensure sufficient fees are generated or is this a limit imposed by someone else?
And the Credit Card company doesn't charge for this other than a horrible exchange rate from USD?
Thank you,

Can I get the same attention as sarcastic comments?

LOL of course, sorry, our server went down for a few minutes and we were working on it.

You don't need to have a balance. You are correct on the other two: up to your spending limit, and not to higher than the card limit, although this is in theory, and we still are conducting some tests on this.

The 1K limit is until we feel more confortable with volume, transit times, etc. We will up the level soon.

The card company does not charge a dime for this since they get the fixed fee on the load.

Thanks!
Roberto

bitdragon

hero member

Activity: 609

Merit: 501

peace

Quote from: bitdragon on April 12, 2012, 12:21:08 PM

I can only put funds on my card if I have an outstanding balance with them? Or I can put funds on my card up to the level of my spending limit? or each transfer to the card cannot be higher than the card limit?

The 1K ceiling is there to ensure sufficient fees are generated or is this a limit imposed by someone else?
And the Credit Card company doesn't charge for this other than a horrible exchange rate from USD?
Thank you,

Can I get the same attention as sarcastic comments?

CornedBeefHash

Activity: -

Merit: -

Quote from: Aggro on April 12, 2012, 11:59:16 PM

Quote from: Cosbycoin on April 12, 2012, 10:43:08 PM

Yay! I can still wait just as long as it takes to send money between Dwolla and my bank and pay more fees!

Sounds like a deal!

LOL

Your sarcastic comment is narrow minded and ignorant. I know this is a concept hard to grasp to certain americans, but financial markets do not end at US borders. Not everybody lives in the US and have a Dwolla account. Not everybody has a bank account in fact. Africa for example is largely underbanked, however, prepaid cards are quite common.

There are countries where bank transfers are highly scrutinized (Brazil and Argentina to name a few) but prepaid cards are not.

I could go on and on.

That’s true. That actually is a narrow minded comment. Your fees are currently too high for me to use the service but with more volume you might be able to work out a deal for lower fees. Best of luck with your new offering!

Aggro

donator

Activity: 296

Merit: 250

Quote from: Cosbycoin on April 12, 2012, 10:43:08 PM

Yay! I can still wait just as long as it takes to send money between Dwolla and my bank and pay more fees!

Sounds like a deal!

LOL

Your sarcastic comment is narrow minded and ignorant. I know this is a concept hard to grasp to certain americans, but financial markets do not end at US borders. Not everybody lives in the US and have a Dwolla account. Not everybody has a bank account in fact. Africa for example is largely underbanked, however, prepaid cards are quite common.

There are countries where bank transfers are highly scrutinized (Brazil and Argentina to name a few) but prepaid cards are not.

I could go on and on.

gamer4156

sr. member

Activity: 1008

Merit: 250

Amazing service, once I get my cooling situation settled and my cards back online I will definitely use this!

Aggro

donator

Activity: 296

Merit: 250

Quote from: Serge on April 12, 2012, 10:41:03 PM

1. can Paxum, Paypal, Payoneer cards and other similar services be loaded this way?

2. what will be shown in a transaction log/statement in account which receives such payment?

1. Yes. Virtually any Credit/debit card in the world (VISA/MC/AMEX/etc).
2. The statement will show "AURUMX", and your order number. Some issuers will interpret the credit as a "refund" (like when you return something and you get credit back on your card) and will add that message to the statement.

Topic: [ANN] Withdraw your bitcoins to ANY credit/debit card in the world! - page 2. (Read 33074 times)