Re: ANX launches world's first Bitcoin Debit Card powered by an exchange
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No, we don't charge an exchange fee if all you do is load up your card. It would be
1BTC x $600 x 0.975 = $585.
If I load 1btc into the card and the current market price is $600. How much will I have on the debit card?
Do you charge exchange fee on top of the recharge fee?
1btc x $600 - ?% exchange fee - 2.5% recharge fee
Do you charge exchange fee on top of the recharge fee?
1btc x $600 - ?% exchange fee - 2.5% recharge fee
No, we don't charge an exchange fee if all you do is load up your card. It would be
1BTC x $600 x 0.975 = $585.
I´m thinking about ordering the debit card.
However I still have a question about this example, because I live in Europe and therefore I will probably pay additional
fees if I withdraw at an ATM with the debit card because of the involved currency conversion.
On VISAs homepage I only find the statement:
Quote
Your payment service provider may or may not apply currency conversion fees. Refer to your issuers terms and conditions to find out more about this.
That means that basically you as ANX are responsible for the fees? Or is there a third party from which you get the VISA cards?
Please simply update the example for a citizen from Europe
1BTC x $600 x 0.975 * x.xxx = $xxx
Thank you for your help.
Assuming that the current price is $600, and you load the card with 1BTC and then immediately withdraw from ATM, you would get:
0.966875BTC
And then, when you withdraw, 0.00458333333BTC would be deducted, leaving you with 0.96229166667BTC.