Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Daily Living
by
stompix
on 14/01/2020, 13:02:43 UTC
And what are the fees for using this debit card? This is one of the things banks that want to remain in business should start considering to do, become payment processors themselves.
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More importantly, who else in addition to bitpay is doing this? Bitcoin cards (debit/credit) have existed before, but if i recall correctly their fees were very high, not unlike those of an ATM. It is for the convenience, i guess.

https://bitpay.com/card/resources/Fees.pdf
Not so bad but they will never be able to compete with my card from a traditional bank, zero monthly fees, zero fees on ATM withdrawal, zero almost everything apart from 1 euro monthly mobile banking.
Also, I have a Wirex card, works ok but the exchange rate is a bit so and so and don't try to use it outside the eurozone, the conversion rates are overkill and most important, never ever try to use an ATM outside the euro area if you have a euro card, I paid almost 10% once and I'll never experiment with it again.

But no, using a card that converts bitcoin to euro or usd and then you pay via Visa it's not paying with bitcoins, you can claim that you pay with old because you've sold some jewelry at a pawn shop, then loaded your card with those funds and then made a purchase.