BTC-e Announces Fund Withdrawals to VISA or MasterCard Holders' Credit/Debit Cards
One of the top exchanges in the cryptocurrency space, BTC-e, has announced today that they're allowing traders to withdraw funds to VISA or MasterCard-issued credit/debit cards. According to the exchange, the withdrawal method can be done "in any country and in any currency", but notes that all transactions take place in U. S. Dollars, meaning that if a cardholder's card does not go by USD, it will be converted as per the VISA/MasterCard (or bank) rate. While most users should not have any issues, BTC-e warns that MasterCard Maestro and VISA Electron cards are not supported by their payout....
Related News
Notoriously tight-lipped bitcoin exchange and CoinDesk Bitcoin Price Index member BTC-e is now allowing customers to withdraw funds to Visa and MasterCard debit and credit cards, with some exceptions. The company blog post, issued on 21st March, indicated that the new program is now available to customers in any country, using any currency. All customers will pay a 5% fee for the service. The new functionality is noteworthy as it will allow customers to send money to debit and credit cards issued by two of the largest and most commonly used international card issuers. At present, the....
Cryptocurrency exchange 247exchange recently announced that they would accept bitcoin withdrawals to both credit and debit cards. This is great news for the exchange as it becomes one of the few to accept this type of funding method. However, like most bitcoin exchanges that use this withdrawal method, the fees are higher than usual, and it may not be useful for those who are withdrawing a large amount of money. 247exchange is managed by InterMoney Exchange, and the new withdrawal method works with both MasterCard and Visa cards. Last year, 247exchange started accepting the purchase of....
It is no secret the world of traditional finance is in peril. Lack of innovation for over fifty years has created a void that needs to be filled sooner or later. New payment methods, such as credit cards, are being used on the Internet en masse, without ever being designed to complete that task. Barclays bank has now admitted its debit card authorisation process can be bypassed, and they have no clue on how to fix this issue. Whenever a consumer pays with a debit card online, it will be verified by the issuing bank to see whether or not all of the information has entered correctly. Unlike....
Bitstamp recently announced that customers in Slovenia and the United Kingdom would be able to buy bitcoin using MasterCard and Visa credit and debit cards. Two new major countries now join that list. Bitstamp has revealedtoday that users in Germany and Italy will be able to buy Bitcoin instantly by using their credit or debit cards. The new option to buy bitcoin through Visa or MasterCard comes via a Canadian payment processor, Vogogo. There are limits to buying bitcoin with plastic cards, however. Currently, users will only be able to buy less than 1 BTC in a day, with a $300 daily....
SpectroCoin, the U.K.-based bitcoin exchange and wallet, has introduced bitcoin debit cards denominated in USD and GBP, complementing its existing EUR-denominated cards. These cards remove the fiat conversion fees needed with regular debit cards when using a specific denomination in a foreign country. Bitcoin debit cards make it easier for bitcoin holders to use bitcoin for making both online and offline payments. The bitcoin-funded cards remove the need to convert bitcoin into fiat to make payments. The SpectroCoin cards are accepted where MasterCard and Visa are accepted. Users can fund....