Re: Advcash - a new "anonymous" prepaid card [Recharge it with bitcoin]
So far its been nothing, but a waste of time and money.
There is no faq to let you now that your deposit will take 6 confirmations so when i was 0.99$ short to load my virtual card it took 2 hours to get funds loaded in my account. Then once i transferred the funds to my virtual card i spent 30 minutes trying to buy a game via the site and paypal, till a nice little notifcation popped up saying that funding would be delayed for 24 hours. So i cancel the transfer(Strangely they refund the 1$ card fee, but not the 0.99$ to load it) now i go to convert to bitcoins as site purports and i get this
so i guess im out 47$ bucks, 4 hours of my life and the ability to buy gta v
I was a bit surprised too when they stated a deposit would be cleared between 30 & 60 minutes, when in fact it was 6 confirmations (1 confirmation is plenty already) which took upwards of 2 hours.
Once again I think the 'our fee: no commission" is misleading since BitPay takes a significant cut each time you deposit and I assume withdraw.
Yes I agree with you, but they said:
Is there any fees when depositing with Bitcoin?
You deposit Bitcoin (i.e. fund your USD wallet) at the rate shown on www.advcash.com in the header. There are no extra deposit fees.
and
Sent. That's the thing, your internal exchange rate is lower than on other sites. Around 216 USD per BTC rather than 222 USD per BTC. You get less per BTC if you deposit. So the 0% fee is kind of misleading.
Yeah, I saw your email. I believe there is no universal Bitcoin price and each marketplace has its own and the 'average' price you mentioned really does depend on which marketplaces your include in your statistics, right? If that site included us, maybe the average price would be different
Either way, for fiat currencies, there is a Forex exchange rate that you see online on various sites and then there is the exchange rate of your local bank which is most likely going to be different, but you can't say that's misleading, can you?