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+--- Thread: Bitpay, The must needed Bitcoin Debitcard for crypto users (/showthread.php?tid=5733738)
Bitpay, The must needed Bitcoin Debitcard for crypto users - Eagerkid - Oct 9, 2017
BITPAY THE BITCOIN DEBIT CARD, POWERED BY VISA
BITPAY
![[Image: g8dr5gJ.png]](https://i.imgur.com/g8dr5gJ.png)
TABLE OF CONTENTS
ANALYSIS
PROS/CONS
FEES
INFORMATION NEEDED
PROS/CONS
FEES
INFORMATION NEEDED
Analysis: I personally own this card and use it for everything. It is perfect for me since I receive a lot of payments online and accept bitcoin. It wouldn't make a whole lot of since to buy bitcoin on say Coinbase and then transfer it to your bitpay card. However, if you use bitcoin regularly and accept it as a payment online then this is a must have. They have a TON of different implementations that you can add to your site to make your business transactions smooth, and loading your card for personal use can not be easier. They have a lot of cool features like Direct Deposit and their mobile application is amazing. You can see all of your transactions the second they occur on the mobile app, so you are in control of your money.
PROS :
-Your card loads extremely fast when you send the bitcoin to it
-You can receive a payment across the world with a low fee ( because of crypto currency ) and spend the money within minutes in a store
-It is Visa which is accepted by millions of retailers so you can now basically buy anything
-You can get Direct Deposit which is really cool
-Mobile app is extremely easy to use and keeps you updated instantly
CONS:
-They do have fees, however I dont really see a huge problem with it
-When you are loading money to your account, the conversion rates are usually $1-2 more. Example: If you try and load $100, it will tell you to send $101-102.
-It costs $9.99 for them to send you the card
-Takes around 1-2 weeks to come in the mail ( wasn't a problem for me )
FEES:
Personal Account :
30 Transactions / Month
Up to $1,000 Daily and $10,000 Annually
1% applied to additional transactions
Business Account :
1%
Transaction Fee
Unlimited Transactions
Higher fees applicable for high-risk industries
What Information do they need?:
US Customers :
Spoiler (Click to View)
Non US :
Spoiler (Click to View)
* - SORRIE - Oct 9, 2017
Since these are essentially debit cards do they require a certain age to obtain one or not?
* - Eagerkid - Oct 9, 2017
(Oct 9, 2017 10:49 AM)๖ۣۜSorry Wrote: Since these are essentially debit cards do they require a certain age to obtain one or not?
Yeah you will have to be 18. Maybe different countries will have different laws.
* - Dеceived - Oct 9, 2017
Can these be used in paypal or nah?
* - Eagerkid - Oct 9, 2017
(Oct 9, 2017 10:50 AM)Dеceived Wrote: Can these be used in paypal or nah?
You can not add money via PP as far as I know
* - GloryToBe - Oct 9, 2017
Can you use this in Canada?
* - Eagerkid - Oct 9, 2017
(Oct 9, 2017 10:54 AM)Gloryallowed Wrote: Can you use this in Canada?
Yes you can get it in Canada
SUPPORTED COUNTRIES
* - BBSimmons - Oct 9, 2017
I feel like https://cryptopay.me/ is a lot better than this one because you can use a virtual one and a actual IRL one
* - Eagerkid - Oct 9, 2017
(Oct 9, 2017 10:59 AM)Zerk ✅ Wrote: I feel like https://cryptopay.me/ is a lot better than this one because you can use a virtual one and a actual IRL one
Lets keep the discussion on Bitpay.
It has a lot of positives, and allows you to buy things in grocery stores, withdraw from ATMS etc.
* - The Mogul - Oct 9, 2017
There's another one which been out for years.
I used it a lot back when BTC was ~$500
* - Eagerkid - Oct 9, 2017
(Oct 9, 2017 11:00 AM)The Mogul Wrote: There's another one which been out for years.
I used it a lot back when BTC was ~$500
Not sure what you are trying to say here. If you are using Bitpay then that is awesome, I like the service
* - BBSimmons - Oct 9, 2017
(Oct 9, 2017 11:00 AM)Eagerkid Wrote: Lets keep the discussion on Bitpay.
It has a lot of positives, and allows you to buy things in grocery stores, withdraw from ATMS etc.
Sorry only reason its better is because you dont have to be 18 or provide your SSN and it's a lil cheaper
* - Eagerkid - Oct 9, 2017
(Oct 9, 2017 11:05 AM)Zerk ✅ Wrote: Sorry only reason its better is because you dont have to be 18 or provide your SSN and it's a lil cheaper
Which also means it is extremely risky and unregulated. That is what you dont want when you are using a card.
They will likely scam at some point
* - BBSimmons - Oct 9, 2017
(Oct 9, 2017 11:07 AM)Eagerkid Wrote: Which also means it is extremely risky and unregulated. That is what you dont want when you are using a card.
They will likely scam at some point
You really trying to bash them?
I've been using them for years with no problem
* - Eagerkid - Oct 9, 2017
(Oct 9, 2017 11:08 AM)Zerk ✅ Wrote: You really trying to bash them?
I've been using them for years with no problem
Doesnt make it safe. Plenty of companies scam after years of service.
anyways lets stop the off topic conversations. Feel free to PM me if you would like to continue this