CoinJar to Charge No Fees for New Bitcoin Debit Card
Australia's CoinJar has announced pricing for its new 'Swipe' debit cards, which allow users to load and spend funds from their bitcoin balances at any business in Australia's widespread EFTPOS electronic debit network. CoinJar, which launched the trial of its regional-first card product last week, is promising "no activation fees, no load fees, no conversion rates (subject to CoinJar Fair Rate policy), [and] no inactivity fees". Users will still face some costs, however. Ordering the card initially costs AUD$29 ($26). Additionally, cash withdrawals from ATMs on Australia's 'Redi-ATM'....
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One of several companies working to offer consumers a practical means of spending bitcoin at merchants not yet on the cryptocurrency train is Australia's CoinJar. The country's largest bitcoin-related company, they've just today released some additional information with reference to their bitcoin debit card. Dubbed the 'Swipe' card, CoinJar wrote Wednesday on their blog that they have released about a hundred of their bitcoin debit cards to individuals in their early access program, and they've provided some interesting details that should answer the questions of those interested in....
XAPO Cat is watching you... You may have heard about how XAPO is charging excessive previously undisclosed fees on their Xapo Debit Card, but what you may not know is that they will reimburse you for the third-party monthly fees, in Bitcoin! Though, aside from the $15 shipping fees, XAPO included a few other hidden fees they consider to be "customary fees just as with any other debit card." XAPO Debit Card Fees. XAPO has been under a lot of PR stress lately as they released the fee schedule from their debit card supplier. On August 4th, XAPO posted an update on their news feed which stated....
Australian bitcoin services company CoinJar has opened up its debit card service CoinJar Swipe to the general public. The cards allow users to spend from their bitcoin accounts at over 820,000 retail terminals nationwide, as well as withdraw cash from bank ATMs. Notably, the new system means there is no waiting for banks to clear fund transfers from CoinJar exchange accounts. CoinJar announced the launch at the Payment Innovations 2015 conference in Sydney today. The Swipe system had been an invite-only trial since September, with about 61 users spending AU$30,000 in that period. The....
CoinJar is set to begin a national trial of a bitcoin-to-debit card system called Swipe, which can be used to pay at any store that accepts electronic payments and to withdraw cash at some ATMs. The Australia-based exchange and payment processor's debit cards will work on the country's electronic funds transfer at point of sale (EFTPOS) network, which is supported by all major banks and has 826,769 payment terminals nationwide. "CoinJar Swipe is our way of making bitcoin accessible to everyone," Asher Tan, CEO of CoinJar, told CoinDesk, adding: "Swipe lets CoinJar customers spend their....
Bitcoin start-up Xapo is feeling pressure from the community this week following a string of posts on Reddit.com condemning the company for charging fees - something one would expect any business to do in order to remain afloat. And Xapo has taken the opportunity to go on the record and make clear what's going on with fees and shipping in this blog post, which you can click here to view. On acquiring the card: When we announced the Xapo Debit Card a few months ago, we noted that there would be a one-time fee of US$15 in connection with ordering the card. That is still the case. Users who....