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Pay anywhere with Bitcoin using Prepaid Visa Virtual cards (self.Bitcoin)

visa4bitcoin が 投稿

Hi guys,

Today we launched a new service for Bitcoin users:

https://www.visa4bitcoin.com

It allows you to buy Visa Prepaid Cards for bitcoins in a single click.

Features:

  • No Registration Required
  • Instant Delivery (We Don't Wait for Confirmations)
  • No Card Transaction Commission
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トップ新着論争中古い順Q&A

[–]spjakob 1ポイント2ポイント  (0子コメント)

Uhm... $15 to buy $10.... really?

[–]visa4bitcoin[S] 0ポイント1ポイント  (0子コメント)

Bitcointalk thread for questions and feedback: https://bitcointalk.org/index.php?topic=1146441.0

[–]newscrash 0ポイント1ポイント  (0子コメント)

Can these cards be used at an atm?

Edit: oops they are virtual

[–]visa4bitcoin[S] 0ポイント1ポイント  (0子コメント)

Couple of months ago I needed such service myself. I googled for it, but found only a couple of wired sites which required to register and fill a huge form with lots of personal details before they allow me to see what they offer.

So I decided to create such service. I'm sure it will be useful for someone :)

At least such service must exist as a bridge between the Bitcoin world and sites which don't accept Bitcoin yet.

[–]MrMadden 0ポイント1ポイント  (1子コメント)

There are reasons some people would like to buy a non-reloadable virtual prepaid card with bitcoin directly without registering. It could be a birthday gift, or... layering.

The denominations are small, but if they ever go over 10k a day, BAM, you will become a provider of prepaid access. Also, I'm guessing from the absence of any sort of agreement or privacy policy that VISA isn't authorizing the use of the brand, and you guys aren't the program managers of the card. It's probably another virtual card, and you folks are operating a bitcoin for fiat exchange, where you buy virtual cards for fiat, and sell them to people online for bitcoin? That makes you a money transmitter according to FinCEN.

You also don't list their issuing bank for the prepaid card... so it's pretty clearly a non-reloadable virtual prepaid card issued by someone else and resold by these guys.

Seriously... you guys should talk to a good lawyer before you advertise or do transactions. You need to be very careful. FinCEN might let you off with a warning for operating an unlicensed money service business, but if they find you doing ANYTHING else remotely illegal, hello jail. They can put you in jail for simply doing what you appear to be doing here as well, so you really need to watch out.

I would take this offline asap and talk to a good lawyer. Unless I am wildly off, you should also go register as a money service business with FinCEN right away. This still doesn't clear you, but it beats doing nothing.

Don't say I didn't warn you. Be careful, and get legal advice. Even call FinCEN directly and ask them. Better safe than jail time.

[–]kenfagerdotcom 0ポイント1ポイント  (0子コメント)

Visa is going to send a cease & desist for using their name in 3... 2...

[–]killjoy1x 0ポイント1ポイント  (3子コメント)

Couldn't you lower the fees a bit? Your competition, advcash, lets me top up $10 on to a virtual card, delivered instantly and I just pay a $1.99 fee. If I reuse the card for an additional top up, it's a $0.99 fee.

[–]visa4bitcoin[S] 0ポイント1ポイント  (1子コメント)

Thank you for the feedback! Did you mean advcash.com?

I think we can lower prices. Current are just starter prices, we don't know yet what prices will be good for such service.

[–]killjoy1x 0ポイント1ポイント  (0子コメント)

Yes that's right. It's a cool service you're offering, normally there is a sign up process when getting cards. So you're beating advcash in that regards.

Normally buying prepaid cards has a high fee, so I'm assuming you've got a high fee because you have to account for the fee the card provider charges you. If your service takes off, you could consider getting in contact with a card issuer company, advcash uses wavecrest.gi to issue their cards for example.

[–]empire314 0ポイント1ポイント  (5子コメント)

I dont get it. People can buy things with fiat.

Or

They can buy bitcoin with fiat, Prepaid cards with bitcoin and then things with prepaid cards. Losing a lot of money to middle men in the process

Why would anyone choose the latter?

[–]visa4bitcoin[S] 0ポイント1ポイント  (0子コメント)

I agree. Such service isn't for daily purchases. But if you want to purchase a member access to, say, an adult site and want to stay anonymous or be sure that your card will not be charged again. This service can be used for such things.

[–]SundoshiNakatoto 0ポイント1ポイント  (1子コメント)

It allows people to potentially live 100% on bitcoin. That is fucking amazing.

Xapo and Shift card are other cool options for physical cards

[–]kenfagerdotcom 0ポイント1ポイント  (0子コメント)

In $30 increments charged at $40. What a steal.