Bitcoin debit card for online payments

The Bad Guy

sr. member

Activity: 280

Merit: 250

Quote from: raveldoni on October 17, 2014, 02:45:17 AM

It's not safe to use unknown websites as you can't trust them with your money.

You should wait until some trusted and well known website start offering this service.

It should be safe since it's listed on bitcoin.org Grin

https://bitcoin.org/en/choose-your-wallet#

qwerty555

sr. member

Activity: 405

Merit: 250

Quote from: turvarya on October 17, 2014, 04:40:18 AM

I am still wondering about the fees involved:
Here they say, it is 3% for foreign currency, but what does that even mean, since USD is also a foreing currency, when you have bitcoin in your wallet?
I thought they are just taking the BTC-price of the currency and take a 1 % fee, like stated here:
http://help.xapo.com/94070-does-xapo-charge-a-fee-to-make-a-deposit
or does the 1% just apply when you buy Bitcoin, not when they convert bitcoin for you so you can pay with fiat?

when I last looked

http://media.coindesk.com/2014/08/xapo-debit-card-fee-schedule.png

The monthly fee has been removed or / refunded option.

if u buy goods/services in foreign currency..3% including btc to currency 1% ish charged to u ( regular fees to merchant from visa not disclosed and not ur problem)

if u buy in us $ conversion cost of btc to us approx 1% i think depending on what exchange they use but u dont see that as a seperate item..its just the cost incurred on a regular exchange ...nothing else. this 1% is not charged to buyer for regular visa transactions in home country so u r 1% worse off if its a dollar transaction in the US but 2-5% better off if its a foreign transaction in non $ for the most part but im sure there may b the odd exception for illiquid currencies..

turvarya

hero member

Activity: 714

Merit: 500

I am still wondering about the fees involved:
Here they say, it is 3% for foreign currency, but what does that even mean, since USD is also a foreing currency, when you have bitcoin in your wallet?
I thought they are just taking the BTC-price of the currency and take a 1 % fee, like stated here:
http://help.xapo.com/94070-does-xapo-charge-a-fee-to-make-a-deposit
or does the 1% just apply when you buy Bitcoin, not when they convert bitcoin for you so you can pay with fiat?

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I am still waiting for my Xapo card...wish they would release them more quickly.

qwerty555

sr. member

Activity: 405

Merit: 250

Quote from: turvarya on October 17, 2014, 03:32:27 AM

Quote from: qwerty555 on October 17, 2014, 03:18:44 AM

Quote from: turvarya on October 17, 2014, 02:31:57 AM

Quote from: voldy007 on October 17, 2014, 02:09:28 AM

Quote from: turvarya on October 17, 2014, 02:04:57 AM

What do you need a debit card for?
Just install a bitcoin client and go to an exchange to buy some bitcoins.
As long as you don't need bitcoin instantly, I wouldn't use anything else than an exchange to buy bitcoins(mostly takes about 2 days to get your bitcoin).

I need it for payments in all eshops which dont accept bitcoin.
Eshop accept just regular credit/debit card.

oh, ok, sorry, I got this wrong.
So, you load a debit card with bitcoins and when you pay with it, a third party converts that into USD?
I still don't get the advantage of that system. Wouldn't the third party still take their cut? Why not just load a debit card with USD?

Hope this explains..the cost advantage is when u use it abroad..and/or in non US$ countries

https://bitcointalksearch.org/topic/m.8554196

vs

https://bitcointalksearch.org/topic/m.8743918

Thanks.
Are you involved with Vapo?
I was asking about, if you can really save money by using Bitcoins when you are in another country, some time ago in a new thread, but didn't really get an answer.
Do you maybe know, of some real case studies? The theory always sound nice, but I would be more interested about experiences people really made.
(I am also from an EUR-country so maybe something that involves EUR. )

No I'm not involved with Xapo.

I think its a good idea and have had some feedback of satisfactory use in the Philippines with competitive charges.
Heres a test on a us$ level
http://www.coindesk.com/reviewed-xapos-bitcoin-debit-card/

if their r major problems with charges it will probably be on Reddit. there are mixed reviews but its barely over 2 months old so I expect teething problems will eventually be fixed.

My biggest beef is that the roll out of the cards is Sllllooooooow..so its really hard to use if you havent got it yet LOL

edit ..and some more beefs with comment for and against

http://www.reddit.com/r/Bitcoin/comments/2cvggs/product_review_xapo_visa_debit_card/

Pulley3

newbie

Activity: 25

Merit: 0

Quote from: raveldoni on October 17, 2014, 02:45:17 AM

It's not safe to use unknown websites as you can't trust them with your money.

You should wait until some trusted and well known website start offering this service.

What you should do is to google it and read some reviews about it. That way, if you really need to get one, then you know where to get it.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: qwerty555 on October 17, 2014, 03:18:44 AM

Quote from: turvarya on October 17, 2014, 02:31:57 AM

Quote from: voldy007 on October 17, 2014, 02:09:28 AM

Quote from: turvarya on October 17, 2014, 02:04:57 AM

What do you need a debit card for?
Just install a bitcoin client and go to an exchange to buy some bitcoins.
As long as you don't need bitcoin instantly, I wouldn't use anything else than an exchange to buy bitcoins(mostly takes about 2 days to get your bitcoin).

I need it for payments in all eshops which dont accept bitcoin.
Eshop accept just regular credit/debit card.

oh, ok, sorry, I got this wrong.
So, you load a debit card with bitcoins and when you pay with it, a third party converts that into USD?
I still don't get the advantage of that system. Wouldn't the third party still take their cut? Why not just load a debit card with USD?

Hope this explains..the cost advantage is when u use it abroad..and/or in non US$ countries

https://bitcointalksearch.org/topic/m.8554196

vs

https://bitcointalksearch.org/topic/m.8743918

Thanks.
Are you involved with Vapo?
I was asking about, if you can really save money by using Bitcoins when you are in another country, some time ago in a new thread, but didn't really get an answer.
Do you maybe know, of some real case studies? The theory always sound nice, but I would be more interested about experiences people really made.
(I am also from an EUR-country so maybe something that involves EUR. )

qwerty555

sr. member

Activity: 405

Merit: 250

Quote from: turvarya on October 17, 2014, 02:31:57 AM

Quote from: voldy007 on October 17, 2014, 02:09:28 AM

Quote from: turvarya on October 17, 2014, 02:04:57 AM

What do you need a debit card for?
Just install a bitcoin client and go to an exchange to buy some bitcoins.
As long as you don't need bitcoin instantly, I wouldn't use anything else than an exchange to buy bitcoins(mostly takes about 2 days to get your bitcoin).

I need it for payments in all eshops which dont accept bitcoin.
Eshop accept just regular credit/debit card.

oh, ok, sorry, I got this wrong.
So, you load a debit card with bitcoins and when you pay with it, a third party converts that into USD?
I still don't get the advantage of that system. Wouldn't the third party still take their cut? Why not just load a debit card with USD?

Hope this explains..the cost advantage is when u use it abroad..and/or in non US$ countries

https://bitcointalksearch.org/topic/m.8554196

vs

https://bitcointalksearch.org/topic/m.8743918

raveldoni

sr. member

Activity: 434

Merit: 250

🤖UBEX.COM 🤖

It's not safe to use unknown websites as you can't trust them with your money.

You should wait until some trusted and well known website start offering this service.

The Bad Guy

sr. member

Activity: 280

Merit: 250

I'am not sure about this man , but looking to their facebook page I would say it's legit.
btw , as I can see on the website there is a Physical card Roll Eyes

you should give them a shoot then judge

Check this to learn more : http://youtu.be/Cf5JgYy4t8s

turvarya

hero member

Activity: 714

Merit: 500

Quote from: voldy007 on October 17, 2014, 02:09:28 AM

Quote from: turvarya on October 17, 2014, 02:04:57 AM

What do you need a debit card for?
Just install a bitcoin client and go to an exchange to buy some bitcoins.
As long as you don't need bitcoin instantly, I wouldn't use anything else than an exchange to buy bitcoins(mostly takes about 2 days to get your bitcoin).

I need it for payments in all eshops which dont accept bitcoin.
Eshop accept just regular credit/debit card.

oh, ok, sorry, I got this wrong.
So, you load a debit card with bitcoins and when you pay with it, a third party converts that into USD?
I still don't get the advantage of that system. Wouldn't the third party still take their cut? Why not just load a debit card with USD?

voldy007

newbie

Activity: 5

Merit: 0

Quote from: turvarya on October 17, 2014, 02:04:57 AM

What do you need a debit card for?
Just install a bitcoin client and go to an exchange to buy some bitcoins.
As long as you don't need bitcoin instantly, I wouldn't use anything else than an exchange to buy bitcoins(mostly takes about 2 days to get your bitcoin).

I need it for payments in all eshops which dont accept bitcoin.
Eshop accept just regular credit/debit card.

turvarya

hero member

Activity: 714

Merit: 500

What do you need a debit card for?
Just install a bitcoin client and go to an exchange to buy some bitcoins.
As long as you don't need bitcoin instantly, I wouldn't use anything else than an exchange to buy bitcoins(mostly takes about 2 days to get your bitcoin).

voldy007

newbie

Activity: 5

Merit: 0

Hi, I am looking for bitcoin debit card just for online payments.
I dont need physical debit card - I need the card just for internet payments.

I found https://xapo.com/
Have you used this service? Or can you please recommend me any other services like this?

Thank you, voldy

Topic: Bitcoin debit card for online payments (Read 1661 times)