Re: Advcash | a new "anonymous" prepaid card [Recharge it with bitcoin] [USD & EUR]
I'm watching this thread since longer time and i'd like to add few words from myself.
I was quite happy customer of advcash and withdrawn around 10k using their service, but this is quite unproffesional.
1) How can service be distrupted for almost 10 days (now?)? This is not how you make business.
If you rely on one banking partner, and you can be shut down in 2 min then have other options. You have no alternatives ready in case of situations like this.
I'm sure that cards can be transfered to other banks too. Of course it's not quick process, but you have to be prepared in case of crisis.
2) The reason of the "situation".
As someone have noticed, the other service providers like e-coin and coinsbank also use "Wave Crest Holdings" to issue their cards. Their service is fine and customers can use their cards.
IMO: The situation is caused by one of the following points which advcash does not want to tell:
1) Frozen funds on their accounts in "Wave Crest" bank.
2) Anti money laundering investigation which resulted in point 1)
Now since users are able to withdraw 100USD/day, means they made some deal with bank to release some part of funds stored on accounts.
This is my theory based on what is happening.
I was quite happy customer of advcash and withdrawn around 10k using their service, but this is quite unproffesional.
1) How can service be distrupted for almost 10 days (now?)? This is not how you make business.
If you rely on one banking partner, and you can be shut down in 2 min then have other options. You have no alternatives ready in case of situations like this.
I'm sure that cards can be transfered to other banks too. Of course it's not quick process, but you have to be prepared in case of crisis.
2) The reason of the "situation".
As someone have noticed, the other service providers like e-coin and coinsbank also use "Wave Crest Holdings" to issue their cards. Their service is fine and customers can use their cards.
IMO: The situation is caused by one of the following points which advcash does not want to tell:
1) Frozen funds on their accounts in "Wave Crest" bank.
2) Anti money laundering investigation which resulted in point 1)
Now since users are able to withdraw 100USD/day, means they made some deal with bank to release some part of funds stored on accounts.
This is my theory based on what is happening.
As much as I appreciate yet another bit of speculation, Wave Crest is not a bank in any possible way. It's a payment solution provider and a card vendor, yes, but not a bank. There are no frozen funds there and I can hardly imagine a situation when there can be frozen funds there. It's not a Wave Crest issue and we never said it is. Once again, the news offer enough information to understand what's going on.
The news offers enough information to understand what's going on
?? = So once again = What's going on ?? = Waiting for your answer I'm going to stop visiting this thread for a while, it's a waste of precious time that should really be spent on dealing with actual issues, not talking to people who want to talk just for the sake of talking. The problem is described in enough detail in the news, if you don't get it, I'm sorry, there is nothing I can add.
BLAH BLAH BLAH !!!! = The news are saying : there is a problem because we have a problem = can't you understand ahahahhaa