Quote from: tiggytomb on June 30, 2017, 07:34:49 PM

Quote from: cryptopay_support on June 29, 2017, 11:36:46 PM

Quote from: AppleKuchenX8 on June 29, 2017, 11:17:41 PM

I am not sure if this is right but, weren't the old limits at $2500?

That's correct, good memory!

Previously it was possible to load up to $2500 to an unverified card but only $1000 to withdraw from it which, in our opinion, didn't make much sense, hence why we have convinced our card issuer to review these limits. Now the loading and unloading limits are even.

I know you said you convinced Mychoice to keep the limits but isn't there a new EU anti money laundering regulation that came into play on the 26th June with strict rules for unverified cards? so are you guys simply ignoring this? I would imagine this will cause you issues?

Hello,

As far as we know, 4AMLD is a directive, not a law. It is there to ensure countries implement the stricter regulation on prepaid cards. At the moment, if a country chooses to relax CDD requirements for e-money, it must still ensure that issuers carry out sufficient transaction monitoring and issuers must demonstrate that the risks associated with e-money are low. This is a way we can still keep higher limits for now.
Nevertheless, we strongly advise you to verify your account, because government regulators become more and more demanding to financial services these days.