Hello,
the way it works is that my clients have to provide their name and address which is linked to
the card and their shipping address if this one is different to the other given address.
So far these cards are used by private persons for travel and businesses who want to receive
money to the bank account without going to the bank and doing an application. Also the card
has no fees, beside the 3% ATM fee.
Its a great product, very popular and not on the market for fraud or money laundering - as the
bank will quickly shut down this bank account which is attached to the card if any suspicious
activities are registered.
If someone has questions or concerns pls contact me any time.
Thank you
Hello,
its a reloadable high limit debit card with your name embossed. Its good for 3 years.
You can load it by normal bank transfer from any bank account or you can go to the western
union agent and he send the bank wire for you.
You can also cash out your Bitcoins to the cards own bank account. Card works worldwide
and has a bank account with IBAN attached.
If you have more questons let me know.
Thanks
If this is a debit card, why is there a $60 fee? How do I fund it with bitcoin or western union? Whats the procedure?
I can do all of that with my regular debit card. I dont have to pay a fee and I dont have any limit. So why should I use this debit card? I am trying to understand the use of this product.
exactly
how come it is different or what's the benefit of this card ?
My first guess...Money Laundering and Fraud. You see anyone can have this card without a KYC process. So you create a dummy name and dummy email address and then fund the card. Then you withdraw it under some other name in some other geography etc. I believe that's why OP has a fees because someone who is looking to do ML etc will be willing to pay this price.
Not for a common user I guess.