Just a heads up for anybody with a Bit-X card.
Just bought some items and had a look at the fees. I see that the new fees are already being charged. When I ordered the card initially it had a 3% currency conversion fee but according to the new rates its now at 5% and I see this last transaction was billed at that increased percentage.
So no official announcement yet from Bit-X in regards to the new cards and the new HIGHER fees yet the higher fees are already being charged. So much for the:
Fees are subject to change. If they do, all users will be notified appropriately and well in advance.
For those who has not seen the new fee structure yet see below:
[img ]http://i.imgur.com/smEkETS.jpg[/img]
I think this was my last transaction on this card. Will use my Xapo card in future.
Hi RustyNomand,
As you have noticed, we are in the midst of a Bit-X debit card restructuring. This includes the introduction of new card types and new fees.
The official announcement will happen on October 1. Until then regular fees, as seen in the first post, will apply. You will be refunded the difference of your recent transactions that were charged with a higher fee.
For users that already have a Bit-X debit card: previous fees will apply until January 2016.To prevent confusion, we will change the guide page back to how it was previously.
A system announcement to all users will be made.
We hope that you will continue using the Bit-X debit card!
Regards,
BIT-X.com