Re: [ANN] SPECTROCOIN.COM Bitcoin Exchange, Wallet, Debit Card and Merchant solution

For Lithuanians (gonna type it in english for everyone just in case) :

1) Depositing cash to BTC using Foxbox terminal Spectrocoin charges ~10-11% hidden fee which they do not disclose when selecting a deposit method on their website.

It's a huge fee. On Foxbox page is written that there are 0% commission for deposits - http://www.foxbox.lt/?page_id=1969, so fees goes to Spectrocoin I think.
I think that someone from Spectrocoin have to explain situation, because 10-11% fee is way too much, especially when fee is hidden.

Foxbox is charging the fee from us, there is no commission fee for client, but the merchant (us) has to pay foxbox for money collection. It is the same as shops are paying to process VISA or MasterCard cards while the payer is not affected by these fees.

But if there are no fee for user, how he have found it? Can it be that he received less money than he deposited?

There is no hidden fee, once you enter the amount on the terminal you see the amount you will receive and only when you confirm it and pay for it or you reject the transaction. But it is of course cheaper to buy at SpectroCoin.com directly without using foxbox.

Well, if you put in 1000 euro into a terminal and it wants to give you only ~900 worth of BTC, you should disclose this information on your website. Right now you can see fees for Maxima deposits and other methods, but for FOXBOX it shows 1000=1000, no fee mentioned, but only when you waste half an hour driving to a terminal, you get surprised when you enter the ammount offered for your money is ~10% less than market price. It is a HIDDEN fee if you do not disclose that users get ~10% less money while using FOXBOX.

We will update our website to reflect this fee.

A month later, no update Cheesy

Classic spectrocoin scams

Thanks for advertising our services. You can see the exact BTC amount you will receive on the payment terminal, so you can make your mind there.