Topic: bitinstant paycard - page 12. (Read 26608 times)

	We're launching our debit card in a few weeks
	Who wants to see a pic ;-)

	bitinstant: what brand?
	Worlwide card

	who are you using on the backend?
	2 banks, 1 for domestic, and 1 for intebratnational
	dissipate, we will not reverse it

	Nrb-btc: So you were not refering to the ability to use paypal to purchase bitcoins?
	Your Bitcoin Address will be embossed on the card
	as well as a QR code
	so you can send your own coins to the card
	or someone can pay you
	directly onto the card

	bitinstant: sorry, didn't catch it what card house will you be using?
	Plat33, we are not releasing that information until its launched

	Only 1% for exchanging BTC to USD on a debit card? Nice.
	+ we are working with a bank directly

	SO basically, this is what we are thinking
	You keep your Bitcoins on your blockchain or Bitcoin Spinner apps
	bitinstant, you found it from the database logs?
	and then you wanna buy something in a store
	right ?
	why would you have to send so much money and pay 6%+
	With our card, you scan the QR code printed on your card
	send 3 BTC to it, only get charged like 1%
	buy your lunch
	and have a nice day
	all happens instantly
	and this card can be used worldwide

	will you guys be setting up
	instant debit -> BTC as well?
	so goodbye to border controls
	nrb-btc, if you have USD on the card already, or funded your debit account, you can use it
	only our cards

	is the debit balance denominated in usd or btc
	if usd, then you still have a conversion loss to the local currency (?)
	JimN, the card is denominated in USD, EUR, GBP so far
	you can deide
	decide

	bitinstant, what's the eta on this?
	We are at the last steps, so maybe 6-8 weeks
	bitinstant, and where the promised picture of the card? ;)
	we hare printing 10k cards
	bitinstant: do you have a full fee schedule? ATM withdrawals, monthlys?
	maybe not enough
	looking for the pic
	Picture: https://www.dropbox.com/s/zhwf9babml82qx5/Layout_BitInstant_Card.png?m
	thanks
	that's some snazzy looking stuff
	looking good!

	"This card is property of BitInstant LLC"
	EmanuelDeOrtego, yup we ghave to legally say that

	bitinstant: is there a link on your site?
	No link yet

	bitinstant, so it sells the BTC to cover the transaction instantly?
	bitinstant, will you ship cards internationally?
	Yes, we had to get an international bank on board but unlike other companies this is NOT just USA
	You can be from any country
	nrb-btc, ATm withdrawals will be about $1.50
	maybe $3
	*$2
	Every country is different

	what are you document requirements?
	there will be like 4 options of docs you can send us

	you guys are the first to know
	I probably wont mention it again until its launched
	one of those right place at the right time, type of things

	bitinstant, do you have to meet AML documentation requirements in the US?
	As per AML, we will require the standrad
	*standard
	scanned docs, or social
	if your from Europe, ect.
	Its whatevr they requoire
	I think Russia doesent even require anything lol

	What is the exchange rate for the card?
	cbeast, 1-1.49% BTC to USD

	so bitinstant is going to work in canada? :D
	geosim, we are laucnhing Moneygram canada in 13 days
	cash deposits

	As soon as you scan the QR code on your card, and there is 1 confirmation (under $1000) we INSTANTLY add the USD to the card)
	Were called BitINSTANT not BitLATER

	bitinstant, u guys do ur meetup yet ?
	duckxx, Wensday!
	http://www.meetup.com/Jekyll_Island_Bitcoin_Society/events/77229272/
	Gavin is coming, ect.
	30+ ppl rsvp
	You coming ?

	can the card hold currencys other than usd?
	faraday, yes
	there inti'l card, and USA card

	bitinstant: is there an option to keep the deposit as BTC until the card is used to make a payment or withdrawal?
	ThomasV, yes

	The Bitcoin Address on the card, is YOUR address we give you
	you can see balance on blockcgain

	that cards will be huge success
	good luck you guys
	I hope so
	Itll be like $10 to buy it
	But Im thinking
	We will give first 1000 cards for free

	so the card can have fiat and btc on it concurrently presumably
	sharpfocus, yes precisly

	bitinstant: why is there no smart card chip on the card?
	ThomasV, I believe the EU version of the cards will have it
	US cards dot have it
	but I could be wrong
	The bank prints the cards
	Ah I forgot the best part
	if you get a USA card, denom in USD
	and you want to use it in Europe
	The currency conversion is only 0.80%
	so if you wanna send BTC's to a card in europe its like 2.3%
	total fee

	Bitinstant referral program?
	https://www.bitinstant.com/refer/USERID

	well, you'll definitely have a customer here
	awesome
	good to hear
	It cost us alot of money to get this set up and approved, so you guys better buy it :-P

	bitinstant: will you communicate the private key to the cardholder?
	ThomasV_, Im not sure about that part
	Were figuring out the best way
	neither am I
	Without comprimising security
	:)
	If you have any tips or suggestions PLEASE email us

	bitinstant, is there a short writeup on how this card works? i'm confused.
	Not yet not yet
	Everything will come, in time
	dont worry
	I just wnated to get some focus group feedback