I noticed a lot of people sell prepaid virtual credit cards for Bitcoin in here. Anyone knows how the sellers go about making the cards? Doesn't Visa/Mastercard have KYC rules? And isn't it very expensive to become a credit card issuer?
Thanks.
If your plan is to become a credit card issuer it won't be easy but if you talking about the same as other VCCs sellers maybe you can offer the same thing.
Some of the sellers out there are making a VCC account with $2 inside/balance so that they can use these VCCs to register a trial like digital ocean, AWS, or Google cloud or any website that requires debit/credit card before you can get the trial service.
It requires some investment to put $2 for each VCC. This just based on my experience because I'm selling VCC before. So if you are planning to do the same you must have investment to send $2 for every VCCs you created.
Like the above said some VCCs doesn't require KYC and some of them must be KYC verified before you can use them.
Check this list below some of them offering VCC and some of them are not.
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https://docs.google.com/spreadsheets/d/1DRbTeMCzb4UeXI0YlAzBxMc2u2i0cN_17Ql6eMngK6E/edit#gid=0