Post
Topic
Board Exchanges
Re: SpectroCoin Bitcoin debit card (0% loading and 0.5% unload fee) + Giveaway
by
FLoving
on 28/10/2017, 14:28:11 UTC
i can't create virtual card without verify now  Angry 
Support says: "From now on we are issuing an upgraded version of cards and all card orders can only be made with verified accounts."


That's good. All card providers should do that to make it difficult for scammers to steal and cheat their victims!

All card accounts, virtual or plastic, should be verified and KYC'd. This will make life harder for these internet criminals. All this anonymity is what encourages fraud to thrive.



The issue here is that SpectroCoin does not mind to be forever known as a business that unilaterally renegotiates terms. The effect is negative externalities borne by counterparties. No compensation was offered to persons like me who signed up and agreed to one set of terms, only to have them unilaterally renegotiated against my favor.

SpectroCoin still advertises unverified prepaid cards. This is a bait-and-switch tactic and further sullies the otherwise still questionable reputation. Think about it: if they are willing to lose so much brand equity to such a small issue, would they be willing to outright swindle you when the stakes are much higher?

Pay attention to signals like this to gain insight into the management of a company. The least disruption would be if SpectroCoin stood by the agreement they made when I signed up (grandfathering).

Our debit cards now require profile verification when ordering (it is different from card verification needed to increase the card limits) due to VISA regulations imposed to prevent money laundering.
I want to use your card for one of my service and for that I will join you but I want to know that which type of verification you need for using your card? Is in that we need to provide our identity documents and other address verification documents? Or there is any other way of verification available for that?