I just checked the website and here are some of my thoughts:
1. You're using that even the reloadable card won't need a KYC verification. How did you manage to do that and what changed?
2. On the site, you're saying that the user can use "any name". That doesn't safe at all, does it? What happens if you're required to ask the user to verify his ID due to some suspicious activity?
3. What's the difference between "reloading a card" and "funding the account"? It says 0$ for the former and 5% for the latter. Which one actually takes place when I want to add more funds to my card?
4. Are these fees real? 15% + USD for withdrawing funds to PayPal, SEPA, or anything else is just too much. Why would anyone use that instead of going to a non-KYC P2P exchange and changing his crypto for way lower fees?
5. The reloadable card is also pretty expensive. 65$ for issuing a virtual card?
6. You said the cards can hold up to 4000 USD. Does that mean you can reload the card as long as the overall balance doesn't exceed that amount?
Hi thanks for the questions,
1. We used a different bank that we had previously. They were more open to the idea, and they are a neobank. So I'm happy!
2. Short answer, we will never ask iD.
3. So before you can purchase a card, you will need to fund your account with crypto or perfect money when funding your account you will need to pay that fee. After that you can use your account balance to load or buy cards.
4. We have that option right now to be able to withdraw from your account balance. However, that's not what we want because it's very time-consuming. So that why those fee are high. We are not an exchange. It it's possible that we will disable that feature in the future.
5. We only make a little bit of money when you purchase a card, so if you buy a reloadable card, you can reload that card for free and don't need a new one until you hit the threshold of 4000 USD. So in order to keep it fair and square the cost of the reloadable cards are 69.00, but keep in mind we are the only service that provides this.
6. You can reload the card up to 4000 USD after that you need to buy a new one.
Best
P.s. Also we will have a referral system where you earn 3USD for every card your referral buys. Also we will give 4 free cards to users on this platform to test cards and leave a option.