like:a 7 11 employee on last day decides to cash in a little. buying yourself a mp and trading it for btc. then of course no cash is deposited to 711.
Speaking from person experience? I wouldn't have even thought of this.
Topic: So all my greendot prepaid cards got closed... (Read 8463 times)
Speaking from person experience? I wouldn't have even thought of this.
I'll tell you secret , guys. Its bad moneypak. even if purchased with cash there is numbers of things can go wrong.
like:a 7 11 employee on last day decides to cash in a little. buying yourself a mp and trading it for btc. then of course no cash is deposited to 711.
like:a 7 11 employee on last day decides to cash in a little. buying yourself a mp and trading it for btc. then of course no cash is deposited to 711.
if you go with bank transfers just make sure you dig to find out what their limit on a daily transaction is before they have to report to the local gov entity, like in the US last I checked, it was 1000 dollars in one day to one person, regardless of how small it was among multiple accounts, as long as they all belonged to the same SSN. also though additionally they look for patterns so if you have constant 900 dollar deposits every day for say a week, I am sure that will cause them to report to the FBI and could then trigger a freeze on the account till you prove you are not laundering money from say drug trafficking or some thing else illegal AND have complied with tax laws on the funds, otherwise with infrequent transactions say I think once a week maybe twice a week with occasional 3 or 4 time a week transactions all with a different 100s value (ie one day it is 900 the next it is 800 or 600) and keep the ending amounts variable like 594.34 one day then 935.62 the next day, it might pass with out throwing any red flags. again thou use with the understanding that it still could cause an issue, so seriously there is always a chance, that you will be dealing with crapstorm and possible tax evasion against you if you did not pay on that each time or file at the end of the year with out properly using your money in a way that you can get a tax write off, which should be something we open a thread to deal with specifically,
another option though as mentioned earlier here was gold, which you can possibly use europacific metals to get, not sure what they go through to send you physical precious metals but I personally would go with silver since the silver fix in london is about to go away and that may cause silver to start a massive spike and dip process as it returns to being 100% controlled by market demands again.
another option though as mentioned earlier here was gold, which you can possibly use europacific metals to get, not sure what they go through to send you physical precious metals but I personally would go with silver since the silver fix in london is about to go away and that may cause silver to start a massive spike and dip process as it returns to being 100% controlled by market demands again.
Most banks will not set a hard (or even a soft) limit as far as daily/monthly transfers. What they look for is trends and long term evidence of money laundering.
^ I think something you said was right on point.
Loading once or twice a week is probably the key to keeping these cards open. Along with actual use. We get caught up going to ATM all the time.
They issue these cards for regular personal use.
-Buy groceries
-Buy gas
-Eat out
-Household goods
-Pay a bill once in a while
Always keep in mind that most of these cards were designed for a target market of low-income working class folks. People who live paycheck to paycheck are not going to the ATM every other day to withdraw $500 off of their cards.
I have incorporated these cards into my every day lifestyle. I rotate which ones I use. I buy regular shit. I get cash back more than I use ATM's.
Ultimately this whole prepaid card thing is more of an art form than a science. We could all be careful as hell and still get shut down at any time.
Every tip and piece of input helps though. At least in my opinion.
Loading once or twice a week is probably the key to keeping these cards open. Along with actual use. We get caught up going to ATM all the time.
They issue these cards for regular personal use.
-Buy groceries
-Buy gas
-Eat out
-Household goods
-Pay a bill once in a while
Always keep in mind that most of these cards were designed for a target market of low-income working class folks. People who live paycheck to paycheck are not going to the ATM every other day to withdraw $500 off of their cards.
I have incorporated these cards into my every day lifestyle. I rotate which ones I use. I buy regular shit. I get cash back more than I use ATM's.
Ultimately this whole prepaid card thing is more of an art form than a science. We could all be careful as hell and still get shut down at any time.
Every tip and piece of input helps though. At least in my opinion.
if you go with bank transfers just make sure you dig to find out what their limit on a daily transaction is before they have to report to the local gov entity, like in the US last I checked, it was 1000 dollars in one day to one person, regardless of how small it was among multiple accounts, as long as they all belonged to the same SSN. also though additionally they look for patterns so if you have constant 900 dollar deposits every day for say a week, I am sure that will cause them to report to the FBI and could then trigger a freeze on the account till you prove you are not laundering money from say drug trafficking or some thing else illegal AND have complied with tax laws on the funds, otherwise with infrequent transactions say I think once a week maybe twice a week with occasional 3 or 4 time a week transactions all with a different 100s value (ie one day it is 900 the next it is 800 or 600) and keep the ending amounts variable like 594.34 one day then 935.62 the next day, it might pass with out throwing any red flags. again thou use with the understanding that it still could cause an issue, so seriously there is always a chance, that you will be dealing with crapstorm and possible tax evasion against you if you did not pay on that each time or file at the end of the year with out properly using your money in a way that you can get a tax write off, which should be something we open a thread to deal with specifically,
another option though as mentioned earlier here was gold, which you can possibly use europacific metals to get, not sure what they go through to send you physical precious metals but I personally would go with silver since the silver fix in london is about to go away and that may cause silver to start a massive spike and dip process as it returns to being 100% controlled by market demands again.
another option though as mentioned earlier here was gold, which you can possibly use europacific metals to get, not sure what they go through to send you physical precious metals but I personally would go with silver since the silver fix in london is about to go away and that may cause silver to start a massive spike and dip process as it returns to being 100% controlled by market demands again.
Greendot is a major SCAM .. they recently froze one of my customer's cards for no reason at all.
Most banks (and I assume prepaid cards as well) have terms that say they are allowed to close your account for any reason, or for no reason as long as it is not because of a protected status (age, race, national origin, religion, sex).
I have returned with answers.
The key is spreading out the loads. Read EVERY cardholder agreement and all usage limitations. Then, whatever the limitation is, make sure you never get more than half way there.
Get a few cards issued from different banks and manage your loads.
The key is spreading out the loads. Read EVERY cardholder agreement and all usage limitations. Then, whatever the limitation is, make sure you never get more than half way there.
Get a few cards issued from different banks and manage your loads.
Having other people load money onto your card is not the intended use for the card.
It becomes obvious that multiple people are loading funds to your card when they load it from locations that are sufficiently far from each other that it would be reasonable to say you are not traveling to those places.
For example if someone loaded funds on Monday from CA, then on Wednesday from TX and Thursday from England, they could reasonably infer that these transactions are from multiple people.
If they were to allow these transactions then they would essentially be acting as a Money Service Transmitter (it is my understanding they are not) and would need to use additional AML policies and checks.
Doing this is a "red flag" of money laundering, even if what you are doing is 100% legit (you are even paying taxes, ect.) and can prove this, it still looks like money laundering.
I would find it unlikely that you never receive your funds back that you had on your cards. It will probably take some time though.
Coinbase is probably the best option for selling your remaining BTC if that is what you wish to do.
It becomes obvious that multiple people are loading funds to your card when they load it from locations that are sufficiently far from each other that it would be reasonable to say you are not traveling to those places.
For example if someone loaded funds on Monday from CA, then on Wednesday from TX and Thursday from England, they could reasonably infer that these transactions are from multiple people.
If they were to allow these transactions then they would essentially be acting as a Money Service Transmitter (it is my understanding they are not) and would need to use additional AML policies and checks.
Doing this is a "red flag" of money laundering, even if what you are doing is 100% legit (you are even paying taxes, ect.) and can prove this, it still looks like money laundering.
I would find it unlikely that you never receive your funds back that you had on your cards. It will probably take some time though.
Coinbase is probably the best option for selling your remaining BTC if that is what you wish to do.
Greendot is a major SCAM .. they recently froze one of my customer's cards for no reason at all.
When people say cash in the mail I automatically convert cash to money order in my mind. USPS money orders are best. IDK of any bank that wont cash a USPS money order because it is the most official. Wal Marts also do money order cashing and they money centers are usually open until about 9 or 10 pm.
I would have no problem conducting the majority of my BTC selling by using USPS money orders. Then, since you'll already be at the post office, you could overnight the MO to make the transaction even faster.
Of course it isn't a great option in terms of convenience but that's the give and take.
I would have no problem conducting the majority of my BTC selling by using USPS money orders. Then, since you'll already be at the post office, you could overnight the MO to make the transaction even faster.
Of course it isn't a great option in terms of convenience but that's the give and take.
Isn't it illegal to send fiat thru mail?
No, just risky. 
Isn't it illegal to send fiat thru mail?
I then called each card to unlock and the messages on all 3 of them more or less said "due to recent activity on your card, we have decided to close your cards... please press star to unlock, but you can not add more money onto the cards."
So now I have still close to 4 BTC I need to cash out. I am wondering how to do this.
So now I have still close to 4 BTC I need to cash out. I am wondering how to do this.
For small amounts like this https://localbitcoins.com is perfect.
https://bitcoinbourse.eu/what_is_bitcoinbourse.php
I have been thinking about this company ,what do you think??
Do you think it would be safe to give them your coins to escrow ?
I have been thinking about this company ,what do you think??
Do you think it would be safe to give them your coins to escrow ?
Yeah it seems like you are right. I was thinking this earlier during brainstorming and it seems like the only way.
I think we have to shift our dependence from the crappy current system and just go old school. Cash and bitcoins. Yes, it will be slower and less inconvenient. But it will benefit us in the long run.
I think we have to shift our dependence from the crappy current system and just go old school. Cash and bitcoins. Yes, it will be slower and less inconvenient. But it will benefit us in the long run.
This is a problem I am trying to prevent before it happens.
Selling coins for GreenDot will eventually get you banned if you do it enough.
Selling coins for bank deposits will eventually get you banned if you do it enough.
MG and WU are just ridiculously expensive.
Exchanges are hit and miss and becoming increasingly more miss day by day.
How do we move large sums of coins without being hamstrung by the traditional system?
Selling coins for GreenDot will eventually get you banned if you do it enough.
Selling coins for bank deposits will eventually get you banned if you do it enough.
MG and WU are just ridiculously expensive.
Exchanges are hit and miss and becoming increasingly more miss day by day.
How do we move large sums of coins without being hamstrung by the traditional system?
Gold or cash in the mail.
This is a problem I am trying to prevent before it happens.
Selling coins for GreenDot will eventually get you banned if you do it enough.
Selling coins for bank deposits will eventually get you banned if you do it enough.
MG and WU are just ridiculously expensive.
Exchanges are hit and miss and becoming increasingly more miss day by day.
How do we move large sums of coins without being hamstrung by the traditional system?
Selling coins for GreenDot will eventually get you banned if you do it enough.
Selling coins for bank deposits will eventually get you banned if you do it enough.
MG and WU are just ridiculously expensive.
Exchanges are hit and miss and becoming increasingly more miss day by day.
How do we move large sums of coins without being hamstrung by the traditional system?
Just call greendot and tell them to close your card and mail you a check for the balance.
i dont have to as greendot has a small heart even through they banned my ssn for life my card is still active till my balance is up or card expires so i will have a .79$ check coming my way in march if i cant find a way to spend it
haha got my account banned from greendot services aswell doing the same thing guess im heading to rushcards 
guess im heading to rushcards Rush care is one that I have and was the first one to lock me lol.
I was excited about the walmart visa one because it had a higher limit by almost 500 and that did not matter.... no longer able to reload either.
I also have the normal greendot card, that one worked fine until the thing refreshed ( when the transactions go from pending )
O well I am tempted just to sit on the BTC for right now they are holding steady over 1k
Just call greendot and tell them to close your card and mail you a check for the balance.
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