OKpay is apparently the same company as this:
http://www.essentialdatatools.com
A Russian backup-software company with a claimed 10 people working for it.
Thats not to say its per se fraudulent, I suppose Paypal also had only 10 employees at one point, but this isnt huge guys. And its potentially risky:
http://ptc-investigation.com/okpay.aspx
Wouldnt switch my life savings to there just yet!
Topic: OKPAY accepting bitcoin as a deposit method - page 5. (Read 12108 times)
how are they big if they don't even have a wikipedia entry?
heck i once played in a band that had a wikipedia entry.
heck i once played in a band that had a wikipedia entry.
It looks good, may not be a bank but certainly useful.
It would be great if they sold Bitcoins, too, but I won't hold my breath for it. OKPay currency can be bought with a credit card. They'd be bearing an enormous risk of chargebacks. Moreover, they have an interest in keeping people in their own currency, not replacing themselves with an open sourced one.
Can we call OKPAY
A BANK ?
tHIS IS HUGE.
A BANK ?
tHIS IS HUGE.
This will be use for international remittance.
Really an interesting development. I think Mojang/MineCraft should look into this payment processor also.
I asked to one of the team about it ( from Twitter )lol, people will mine to buy minecraft :_D
EDIT:
http://getsatisfaction.com/mojang/topics/can_you_add_okpay_as_a_payment_processor
Put your votes here!
Really an interesting development. I think Mojang/MineCraft should look into this payment processor also.
The next step is asking Steam to add support to okpay.
Than you will see an huge amount of GPU comming!
Steam forum are down now.
Someone should ask it on the suggestion section when they will come back.
I just asked yuplay.ru ( a good game key seller ) if they can add OKPAY support :-D
Every game cd-key reseller should support Bitcoin/okpay, because all their costumers have GPUs!
Than you will see an huge amount of GPU comming!
Steam forum are down now.
Someone should ask it on the suggestion section when they will come back.
I just asked yuplay.ru ( a good game key seller ) if they can add OKPAY support :-D
Every game cd-key reseller should support Bitcoin/okpay, because all their costumers have GPUs!
I'm sure btc exchanges are aware of this, because they must sell bitcoins, right?
I opened an account and sent 1 bitcoin. They advertise 0% commission, but based on the MtGox pricing of 2.95, they are taking about 30 cents.
also, it looks like once you have a balance > $15 you can order the debit Mastercard through the mail. You can reload the balance anytime and shop with it anywhere Mastercard is accepted.
So yes, I suppose now you can spend your bitcoins anywhere Mastercard is accepted. But it's much more expensive for you, and the normal debit fees apply for the merchants. But, if you have alot of bitcoins and you want to cash them out quickly, sure put them onto a debit Mastercard and go shopping!
also, it looks like once you have a balance > $15 you can order the debit Mastercard through the mail. You can reload the balance anytime and shop with it anywhere Mastercard is accepted.
So yes, I suppose now you can spend your bitcoins anywhere Mastercard is accepted. But it's much more expensive for you, and the normal debit fees apply for the merchants. But, if you have alot of bitcoins and you want to cash them out quickly, sure put them onto a debit Mastercard and go shopping!
I suspect they may be using Tradehill as their partner exchange - Tradehill prices did dip to $2.70 several times yesterday, which may explain the low exchange rate. You may have just got unlucky with your timing
of course they do verification, like any other e-wallet service.
this is interesting news , people in eastern europe can now exchange their btc to cash
this is interesting news , people in eastern europe can now exchange their btc to cash
This is indeed pretty huge. It will be interesting to see if they run into any regulatory problems in terms of money laundering laws. Which also leads to the question of how much identity verification they will or have to do before they give you such a debit card. I mean - a debit card that can be funded with 'anonymous' digital money surely can't be that easy to obtain?
I opened an account and sent 1 bitcoin. They advertise 0% commission, but based on the MtGox pricing of 2.95, they are taking about 30 cents.
also, it looks like once you have a balance > $15 you can order the debit Mastercard through the mail. You can reload the balance anytime and shop with it anywhere Mastercard is accepted.
So yes, I suppose now you can spend your bitcoins anywhere Mastercard is accepted. But it's much more expensive for you, and the normal debit fees apply for the merchants. But, if you have alot of bitcoins and you want to cash them out quickly, sure put them onto a debit Mastercard and go shopping!
also, it looks like once you have a balance > $15 you can order the debit Mastercard through the mail. You can reload the balance anytime and shop with it anywhere Mastercard is accepted.
So yes, I suppose now you can spend your bitcoins anywhere Mastercard is accepted. But it's much more expensive for you, and the normal debit fees apply for the merchants. But, if you have alot of bitcoins and you want to cash them out quickly, sure put them onto a debit Mastercard and go shopping!
So you send them BTC and they convert it to USD? Has anyone tried?
Not sure why this isn't getting more attention. Is everyone asleep? The site has 300,000+ users (as reported back in March) and probably manages tens of millions of dollars worth of transactions. This will expose a hell of a lot of people to Bitcoin who have never heard of it before.
Buy buy buy ?
Not sure why this isn't getting more attention. Is everyone asleep? The site has 300,000+ users (as reported back in March) and probably manages tens of millions of dollars worth of transactions. This will expose a hell of a lot of people to Bitcoin who have never heard of it before.
OkPay has a prepaid debit card. I wonder if you can withdraw funds (USD) directly from Tradehill onto your debit card.
It's not clear to me how conversion between currencies at OKPAY is done... but if I'm reading this right it's now possible to sell BTC using only OKPAY.
From their site it says, "Use one of the most anonymous peer-to-peeer digital currency as a direct deposit to fund your OKPAY account."
So I think they now accept it as a way to fund your OKPAY account balance... thus anyone who accepts OKPAY now also indirectly accepts BTC.
Interesting. How big is OKPAY?
Big in Russia, apparently, Alexa ranking of 1268. 15,516 worldwide. This is a big site.
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