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Topic: OKPAY accepting bitcoin as a deposit method - page 5. (Read 12058 times)

hero member
Activity: 518
Merit: 500
November 10, 2011, 09:21:08 AM
#22
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!
legendary
Activity: 1764
Merit: 1007
November 10, 2011, 09:14:51 AM
#21
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.
hero member
Activity: 756
Merit: 500
November 10, 2011, 09:09:38 AM
#20
It looks good, may not be a bank but certainly useful.
hero member
Activity: 568
Merit: 500
November 10, 2011, 09:03:26 AM
#19
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.
hero member
Activity: 714
Merit: 500
November 10, 2011, 08:21:18 AM
#18
Can we call OKPAY   

A BANK ?

tHIS IS HUGE.
hero member
Activity: 868
Merit: 1007
November 10, 2011, 08:09:55 AM
#17
This will be use for international remittance.
staff
Activity: 4256
Merit: 1203
I support freedom of choice
November 10, 2011, 07:07:54 AM
#16
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! Grin
legendary
Activity: 1500
Merit: 1021
I advocate the Zeitgeist Movement & Venus Project.
November 10, 2011, 06:58:13 AM
#15
Really an interesting development. I think Mojang/MineCraft should look into this payment processor also.
staff
Activity: 4256
Merit: 1203
I support freedom of choice
November 10, 2011, 06:06:45 AM
#14
The next step is asking Steam to add support to okpay.
Than you will see an huge amount of GPU comming! Smiley

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!
hero member
Activity: 714
Merit: 500
November 10, 2011, 05:05:19 AM
#13
I'm sure btc exchanges are aware of this, because they must sell bitcoins, right?
hero member
Activity: 955
Merit: 1002
November 10, 2011, 04:33:17 AM
#12
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!

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
legendary
Activity: 1050
Merit: 1000
November 10, 2011, 03:39:04 AM
#11
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
jav
sr. member
Activity: 249
Merit: 251
November 10, 2011, 02:58:58 AM
#10
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?
hero member
Activity: 742
Merit: 500
November 10, 2011, 02:14:37 AM
#9
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!
hero member
Activity: 602
Merit: 501
November 10, 2011, 01:56:25 AM
#8
So you send them BTC and they convert it to USD? Has anyone tried?
sr. member
Activity: 406
Merit: 250
November 10, 2011, 12:26:03 AM
#7
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 ?
hero member
Activity: 563
Merit: 501
betwithbtc.com
November 10, 2011, 12:18:48 AM
#6
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.
donator
Activity: 1218
Merit: 1079
Gerald Davis
November 09, 2011, 11:29:14 PM
#5
OkPay has a prepaid debit card.  I wonder if you can withdraw funds (USD) directly from Tradehill onto your debit card.
legendary
Activity: 1008
Merit: 1021
Democracy is the original 51% attack
November 09, 2011, 11:24:43 PM
#4
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.
hero member
Activity: 563
Merit: 501
betwithbtc.com
November 09, 2011, 10:56:31 PM
#3
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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