i would be very cautious on this one.

their parent company spectrocoin has not even been been crediting btc deposits
since the ico began.

so they began accepting eth, launched an ico and stopped crediting btc deposits all in the last 48 hours.

sounds like a scam for sure.

plus there's always this warning us:

https://bitcointalk.org/index.php?topic=2126829.0

these guys are definitely scammers.

i have used their card services for almost a year with their parent company spectrocoin.com

everything was fine until yesterday.

they stopped crediting btc deposits and still will not credit a 1 btc deposit which currently has over 200+ confirmations.

they claim that they have not received it.

so it looks, walks and quacks like a duck.....

they laid the net for over a year, then started accepting eth, then launched an ico which has zero value for token holders and then
also stopped crediting btc deposits to wallets.

i hope some of you see this and bump it up if you have been scammed too so nobody else loses their coin.

This is a heads up for Bitpay account holders in Mexico and other countries
outside the USA.

I have been waiting a week now to receive a direct deposit
of 50,000 MXN (about $4,000 USD) from Bitpay.

The funds were deducted from my Bitpay account last Wednesday
yet the deposit never arrived in my bank account the following day, nor
did they arrive the day after that.

On Monday February 10th, 2014 I emailed Bitpay and they said their
bank forgot to make the direct deposit.

Later Monday evening they admitted their bank is no longer making
international wire transfers.

This is totally understandable as many USA banks were announcing in
December of 2014 that they would no longer allow outgoing international
wire transfers after a certain date yet I find it very hard to believe a company
like Bitpay would be the last to know about this or be at all surprised about it.

What is shocking is that Bitpay has really bungled their handling of this.

I have been waiting for 6 full days now to receive my deposit. When Bitpay told me
their bank was haggling with them about making future international wire transfers
I asked Bitpay to just cancel the wire transfer and refund me the BTC to my bitcoin
account.

Sadly, they started dragging their heels and stopped replying to my emails
which makes me think they are not telling the whole truth of the matter.

I am posting this so any international Bitpay account holders may be spared some of the
anxiety and suffering I have been enduring from this fiasco.

Be advised if you are a Bitpay international client: They are not completing international
wire transfers currently and the worst part about this is that if your funds are deducted
from your Bitpay account awaiting direct deposit, they will just be lost in limbo. They
don't even bother replying when you ask them to just cancel the direct deposit and
simply refund your BTC.

Support did reply to me after 24 hours more or less but they just made a vague
promise that they would have this worked out this week, yet they still do not reply
to requests to cancel the transfer and refund the BTC.

My advice to any who have funds in Bitpay that they really need is to
make sure your settlements are set to 100% BTC so your funds don't get
lost in direct deposit hell.

On February 5th, 2014 Bitpay deducted over 50,000 MXN from my account (around $4,000 USD)
to be deposited to my bank in Mexico by EFT (Wire transfer).

As of today, the wire transfer has neither been initiated or completed.

Bitpay told me last night that there was an issue with their bank no longer being able to make international
wire transfers.

Since I have already been waiting 6 days, I asked Bitpay to just refund my BTC.
This request appears to have fallen on deaf ears as they abruptly stopped replying to my requests after this.

Just letting everyone know something is not right here. Bitpay says they settle everyday but this has not been my experience.

For the past couple of months there have been numerous reports from various USA banks stating after a certain date
they would no longer allow outgoing international wire transfers. This is front page global news so it is both shocking and
somewhat hard to believe that this has apparently caught Bitpay by surprise. If what they are saying is true, then they
are the only people who did not know about these new laws and they were not prepared at all to deal with them going into
effect.

Even more distressing is that Bitpay clearly has no plan in place to return one's BTC promptly if they are unable to
complete a wire transfer. I have been waiting 6 days and now they don't even reply to me.

If any of you receive international wire transfers from Bitpay be advised that they are not making the wire transfers
and the worst part is that after they deduct the funds from your Bitpay account to make the wire transfer, your money
is just lost or in limbo as they are not acting quickly to rectify the situation by returning your BTC if requested.

It may be a good idea for international Bitpay accounts to make sure your settlement settings are for 100% to go
to your Bitcoin account to check and see if they actually are still at least paying that out daily as advertised.