BitPay Card ATM cash withdrawals return Sep 5th *edited*

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  • Optional
    Administrator
    • 06-10-10
    • 60708

    #246
    Originally posted by MrCavalier
    Curious bud, I’m in USA... Pretty hip to the crypto scene.... How does one get crypto in good ole USA? Bitcoin atm? 6-20% fee... Coinbase is 1.49% fee, granted cheaper if one uses GDAX... That was in good ole days before c.c charged crypto as cash advance... Cashout crypto is 7-12% at the bitcoin atm...But your right I admit.. I’m in thread where mostly Americans are using a bank card.,, Most are using that bank card to skirt IRS... Another brilliant idea.. Considering you have verify before getting that card.. ( You sure I’m not on reddit?) But hey you know better.. I was wrong maybe it’s closer to about 10% fee to use crypto.. That’s before the book you use shorts the rate..Preach on brother...I’m listening..
    This thread is about a card for selling/withdrawing at a great rate with very low fees. Maybe ~ 0.5% compared to smoothed market avg rate usually.

    And you can buy from the Cash App from Square for about 0.5% too.

    In fact you can buy for 0.5% or less from Gemini and Coinbase too.


    If you are hiding your activity and/or avoiding tax, that is your own choice to pay 10% of whatever you claim it costs. But like I said you sound ridiculous claiming bitcoin use costs that much in a thread about a card used by people who pay 20 to 30 times less than that. These people know for themselves what it costs.
    .
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    • Optional
      Administrator
      • 06-10-10
      • 60708

      #247
      Originally posted by MrCavalier
      I also assume most are using bitcoin atm in this thread.. Since they are sweating the taxes on unreported winning.. Hence my original post of 12%..
      That assumption is 180 degrees wrong.

      Bitpay card requires SSN
      .
      Comment
      • MrCavalier
        SBR Sharp
        • 12-27-18
        • 279

        #248
        Originally posted by Optional
        That assumption is 180 degrees wrong.

        Bitpay card requires SSN
        No shit? That’s why I went higher in my fee estimate., Bitcoin atm doesn’t require dick but a phone number.. And this thread is about cheapest way to cash out without Uncle Sam knowing about your winning.. Correct me if I’m wrong... I’m drinking playing poker and in game betting and can keep up.. you can too... Keep up or pipe down
        Comment
        • littlekona
          SBR Hall of Famer
          • 11-19-15
          • 5241

          #249
          Originally posted by MrCavalier
          No shit? That’s why I went higher in my fee estimate., Bitcoin atm doesn’t require dick but a phone number.. And this thread is about cheapest way to cash out without Uncle Sam knowing about your winning.. Correct me if I’m wrong... I’m drinking playing poker and in game betting and can keep up.. you can too... Keep up or pipe down
          such the BS artist...15K bettor in Vegas(probably never been there) claims Vegas casino teller accepts 123-45-6789 SS# for form....Guess regulations no more since last time I was in Vegas... Get lost LOL
          Comment
          • Optional
            Administrator
            • 06-10-10
            • 60708

            #250
            Originally posted by MrCavalier
            No shit? That’s why I went higher in my fee estimate., Bitcoin atm doesn’t require dick but a phone number.. And this thread is about cheapest way to cash out without Uncle Sam knowing about your winning.. Correct me if I’m wrong... I’m drinking playing poker and in game betting and can keep up.. you can too... Keep up or pipe down
            If you do a fair bit of business, you can call the ATM owner and negotiate a rate of about 4%-5%.

            The cheapest way to stay under radar is person to person exchanges like localbitcoins and paxful. Still going to cost you around 5% but more private than any other way.
            .
            Comment
            • MrCavalier
              SBR Sharp
              • 12-27-18
              • 279

              #251
              Originally posted by littlekona
              such the BS artist...15K bettor in Vegas(probably never been there) claims Vegas casino teller accepts 123-45-6789 SS# for form....Guess regulations no more since last time I was in Vegas... Get lost LOL

              Once again keep up or pipe down.... Never bet 15k to win 15k.. Bet 1k at 14.5 to win 15.5k.., Thanks for commenting though...
              Comment
              • MrCavalier
                SBR Sharp
                • 12-27-18
                • 279

                #252
                Originally posted by Optional
                If you do a fair bit of business, you can call the ATM owner and negotiate a rate of about 4%-5%.

                The cheapest way to stay under radar is person to person exchanges like localbitcoins and paxful. Still going to cost you around 5% but more private than any other way.

                Right.. Call the Atm owner and ask for lower fee? Doesn’t matter the fee bud, if enough money is deposited that atm owner is going to to report it.. He or she is going to file his taxes... Whole point of atm is to stay anonymous...
                Comment
                • Optional
                  Administrator
                  • 06-10-10
                  • 60708

                  #253
                  Originally posted by MrCavalier
                  Right.. Call the Atm owner and ask for lower fee? Doesn’t matter the fee bud, if enough money is deposited that atm owner is going to to report it.. He or she is going to file his taxes... Whole point of atm is to stay anonymous...
                  I agree. It's not an anonymous way really. But wasn't going to bother pointing that out as you brought the ATM up and thought we were just talking fees.

                  Anyway, yes, you can call the phone number on the machine and negotiate a lower fee rate. About half the retail fee usually.
                  .
                  Comment
                  • ThaWoj
                    SBR Hall of Famer
                    • 03-09-10
                    • 6745

                    #254
                    After an incredible run starting in October running $100 up to $12,000 on nitrogren from NFL and craps, I've lost it all. Craps really got me good and I busted my roll playing nosebleed stakes poker and betting $2k a game on nhl and $1k parlays.

                    Anyways I'm starting over and tried to use a new debiiit card on chase but I'm having problems verifying it. Tried localbitcoins today and came to found out my moneygraaam acct from years ago was apparently hacked and they wont let me make a new one. Wes union wanted like $50 to send my 500 with a card. Going to physical location was not an option.

                    I got fukkd not being able to bet the penguins today already but I just found out about the cash app. I set it up and bought some btc..scanned my DL and selfie....how long before I can withdraw? Does anyone use the cash app card to cash out the btc? Can you use it at an atm? It seems the fees to buy btc are way better than coinbase plus no international fee and no card fee? I bought 250 as a test and I have .06 btc so that seems reasonable (balance shows I have 246 and change so they must have took a few bucks)
                    Comment
                    • mrpapageorgio
                      SBR MVP
                      • 09-07-17
                      • 2974

                      #255
                      Originally posted by ThaWoj
                      After an incredible run starting in October running $100 up to $12,000 on nitrogren from NFL and craps, I've lost it all. Craps really got me good and I busted my roll playing nosebleed stakes poker and betting $2k a game on nhl and $1k parlays.

                      Anyways I'm starting over and tried to use a new debiiit card on chase but I'm having problems verifying it. Tried localbitcoins today and came to found out my moneygraaam acct from years ago was apparently hacked and they wont let me make a new one. Wes union wanted like $50 to send my 500 with a card. Going to physical location was not an option.

                      I got fukkd not being able to bet the penguins today already but I just found out about the cash app. I set it up and bought some btc..scanned my DL and selfie....how long before I can withdraw? Does anyone use the cash app card to cash out the btc? Can you use it at an atm? It seems the fees to buy btc are way better than coinbase plus no international fee and no card fee? I bought 250 as a test and I have .06 btc so that seems reasonable (balance shows I have 246 and change so they must have took a few bucks)
                      Past experience it takes about 24 hours before being verified and you can withdraw the bitcoin (which they send to the blockchain instant these days). There's no explicit fee to buy, but the spread is usually 1-2% higher than market price.

                      You can't send Bitcoin to Cash App to sell and withdraw the money, so the debit card is moot.
                      Comment
                      • ThaWoj
                        SBR Hall of Famer
                        • 03-09-10
                        • 6745

                        #256
                        Originally posted by mrpapageorgio
                        Past experience it takes about 24 hours before being verified and you can withdraw the bitcoin (which they send to the blockchain instant these days). There's no explicit fee to buy, but the spread is usually 1-2% higher than market price.

                        You can't send Bitcoin to Cash App to sell and withdraw the money, so the debit card is moot.
                        Thanks for the info. Hopefully I'll get verified before tomorrow evenings nhl card
                        Comment
                        • mrpapageorgio
                          SBR MVP
                          • 09-07-17
                          • 2974

                          #257
                          Originally posted by ThaWoj
                          Thanks for the info. Hopefully I'll get verified before tomorrow evenings nhl card
                          Out of curiosity, did you get verified?
                          Comment
                          • TonyPhizzle
                            SBR Sharp
                            • 08-30-17
                            • 410

                            #258
                            Can someone confirm you can buy *********** with BitPay cars and cash it?
                            Comment
                            • TonyPhizzle
                              SBR Sharp
                              • 08-30-17
                              • 410

                              #259
                              Monayyyorder^
                              Comment
                              • mrpapageorgio
                                SBR MVP
                                • 09-07-17
                                • 2974

                                #260
                                Originally posted by TonyPhizzle
                                Can someone confirm you can buy *********** with BitPay cars and cash it?
                                The last 2 pages of this thread have been of people (including myself) reporting success buying a MO using the debit + pin option at least at Walmart with a few having success at a local grocery store (assuming the store allows you to pay with debit and pin).
                                Comment
                                • ThaWoj
                                  SBR Hall of Famer
                                  • 03-09-10
                                  • 6745

                                  #261
                                  Originally posted by mrpapageorgio
                                  Out of curiosity, did you get verified?
                                  Nope, I sent them a msg on Twitter cuz I read on Reddit if u msgd them they would expedite the verification. They said it normally takes 72 hrs but is taking longer because of an influx of new customers.
                                  Comment
                                  • mrpapageorgio
                                    SBR MVP
                                    • 09-07-17
                                    • 2974

                                    #262
                                    Originally posted by ThaWoj
                                    Nope, I sent them a msg on Twitter cuz I read on Reddit if u msgd them they would expedite the verification. They said it normally takes 72 hrs but is taking longer because of an influx of new customers.
                                    Sorry it is taking longer than expected. And now that the price has climbed almost $1000 in a month, new people are jumping in and it's clogging the network.
                                    Comment
                                    • chasincoin
                                      SBR Rookie
                                      • 02-01-17
                                      • 5

                                      #263
                                      Originally posted by TonyPhizzle
                                      Can someone confirm you can buy *********** with BitPay cars and cash it?
                                      I can confirm. Went to HEB (local grocery store) and bought two 1k orders with my bitpay card and entered pin. Then went to BkofAma bank and cashed it. Super easy.
                                      Comment
                                      • TonyPhizzle
                                        SBR Sharp
                                        • 08-30-17
                                        • 410

                                        #264
                                        Thanks Guys. Tried the *********** method and it went super smooth. Only cost about $1.70
                                        Comment
                                        • TonyPhizzle
                                          SBR Sharp
                                          • 08-30-17
                                          • 410

                                          #265
                                          Monayyy order *
                                          Comment
                                          • Mattmig
                                            SBR Rookie
                                            • 03-11-19
                                            • 16

                                            #266
                                            Almost a month later and not a peep from bitpay. Trash ass company.
                                            Comment
                                            • PaperTrail07
                                              SBR Posting Legend
                                              • 08-29-08
                                              • 20423

                                              #267
                                              that much is CONFIRMED
                                              Originally posted by Mattmig
                                              Almost a month later and not a peep from bitpay. Trash ass company.
                                              Comment
                                              • Pinoy-T-X
                                                SBR MVP
                                                • 10-28-12
                                                • 2176

                                                #268
                                                They are so quiet about it. Maybe the feds are doing an audit on them?
                                                Comment
                                                • RobertAnthonyT7
                                                  SBR High Roller
                                                  • 03-27-18
                                                  • 167

                                                  #269
                                                  Bitpay is a complete trash company. They closed my account and didn't pay me for 6 weeks.
                                                  Comment
                                                  • DroopyDog
                                                    SBR MVP
                                                    • 11-03-16
                                                    • 1255

                                                    #270
                                                    I mentioned it earlier in this thread... but cash withdrawals are not coming back, but they wont tell you that. They have had over 2 months to find a solution, if they were looking for one.
                                                    Comment
                                                    • ParlayKing1986
                                                      SBR Sharp
                                                      • 06-02-12
                                                      • 278

                                                      #271
                                                      Anyone try to send a mon$gram with it?
                                                      Comment
                                                      • Pinoy-T-X
                                                        SBR MVP
                                                        • 10-28-12
                                                        • 2176

                                                        #272
                                                        Originally posted by DroopyDog
                                                        I mentioned it earlier in this thread... but cash withdrawals are not coming back, but they wont tell you that. They have had over 2 months to find a solution, if they were looking for one.
                                                        I kinda agree with you, it’s weird that the reason people joined because of their atm, now they are taking that away, you would think they would say something. My guess is they are under investigation.
                                                        Comment
                                                        • DroopyDog
                                                          SBR MVP
                                                          • 11-03-16
                                                          • 1255

                                                          #273
                                                          Originally posted by Pinoy-T-X
                                                          I kinda agree with you, it’s weird that the reason people joined because of their atm, now they are taking that away, you would think they would say something. My guess is they are under investigation.
                                                          They wont say it because they dont want a mass exodus of customers. So they will string it along for as long as possible
                                                          Comment
                                                          • DISTROYA
                                                            SBR MVP
                                                            • 04-26-12
                                                            • 2911

                                                            #274
                                                            can confirm that m.o.'s work just fine, at "ball-mart".
                                                            high 3 figures, no sweat, 88 cents.
                                                            All you have to do is stomach the ghetto line and screaming bastard refugee children.
                                                            this is best option, this way you can still use your creditcardz and earn all the mileage/points/cash back etc.
                                                            and pay them off with these.
                                                            Just dont go bonkers or ask for anything over 1k at a time, spread it out.
                                                            IMO, better than c$sh withdrawals, then you have to worry about where to stash that.
                                                            Comment
                                                            • TheMoneyShot
                                                              BARRELED IN @ SBR!
                                                              • 02-14-07
                                                              • 28672

                                                              #275
                                                              Originally posted by DISTROYA
                                                              can confirm that m.o.'s work just fine, at "ball-mart".
                                                              high 3 figures, no sweat, 88 cents.
                                                              All you have to do is stomach the ghetto line and screaming bastard refugee children.
                                                              this is best option, this way you can still use your creditcardz and earn all the mileage/points/cash back etc.
                                                              and pay them off with these.
                                                              Just dont go bonkers or ask for anything over 1k at a time, spread it out.
                                                              IMO, better than c$sh withdrawals, then you have to worry about where to stash that.
                                                              It was great when they use to allow you to grab 2k with NO ID. To me... the juice isn't worth the squeeze like it use to be....

                                                              For example....

                                                              Let's say you have a cc that gives you 2% back in rebates. So you charge 2k worth = $40.00

                                                              Gasoline back and forth to WM $1.25
                                                              Price Of MO: $1.76
                                                              First class stamp: $0.55
                                                              Your time: ?????? (Value your time in line)

                                                              $40.00 - $3.56 = $36.44 (Net Gain)



                                                              Now.... you can only get around $900 without showing ID

                                                              2% back in rebates ($900) worth $18.00

                                                              Gasoline back and forth to WM $1.25
                                                              Price Of MO: $0.88
                                                              First class stamp: $0.55
                                                              Your time: ?????? (Value your time in line)

                                                              $18.00 - $2.68 = $15.32 (Net Gain)

                                                              Hmmmmm is an extra $15.32 worth it to you??? To wait in line???? Hmmmmmmmm I don't know anymore? I think I'm going to be swiping the Bitpay Card a lot more now.... instead of the MO's at WM
                                                              Comment
                                                              • MrCavalier
                                                                SBR Sharp
                                                                • 12-27-18
                                                                • 279

                                                                #276
                                                                Originally posted by DISTROYA
                                                                can confirm that m.o.'s work just fine, at "ball-mart".
                                                                high 3 figures, no sweat, 88 cents.
                                                                All you have to do is stomach the ghetto line and screaming bastard refugee children.
                                                                this is best option, this way you can still use your creditcardz and earn all the mileage/points/cash back etc.
                                                                and pay them off with these.
                                                                Just dont go bonkers or ask for anything over 1k at a time, spread it out.
                                                                IMO, better than c$sh withdrawals, then you have to worry about where to stash that.

                                                                Gig it is up.. Everyone who has that card needed to be verified... The IRS knows you if you have received enough cash on that card... When they audit those people good luck... Hope you or they can explain that extra cash...

                                                                Only way to beat IRS.. with crypto.. Multiple burner phones, High fee bitcoin atm cash withdrawals.. Only way I found to beat them... Goes back to my original post.. Bitcoin cashouts suck.. 10-12% is the cost to avoid IRS.. at that point if you win enough.. just claim the other 8-10%... Omit the rest, as long as it’s not more then 25% of total, income... it is what it is
                                                                Comment
                                                                • TheMoneyShot
                                                                  BARRELED IN @ SBR!
                                                                  • 02-14-07
                                                                  • 28672

                                                                  #277
                                                                  Originally posted by MrCavalier
                                                                  Gig it is up.. Everyone who has that card needed to be verified... The IRS knows you if you have received enough cash on that card... When they audit those people good luck... Hope you or they can explain that extra cash...

                                                                  Only way to beat IRS.. with crypto.. Multiple burner phones, High fee bitcoin atm cash withdrawals.. Only way I found to beat them... Goes back to my original post.. Bitcoin cashouts suck.. 10-12% is the cost to avoid IRS.. at that point if you win enough.. just claim the other 8-10%... Omit the rest, as long as it’s not more then 25% of total, income... it is what it is
                                                                  Relax with your posts. You're out in left field with every single one.
                                                                  Comment
                                                                  • MrCavalier
                                                                    SBR Sharp
                                                                    • 12-27-18
                                                                    • 279

                                                                    #278
                                                                    Originally posted by TheMoneyShot
                                                                    Relax with your posts. You're out in left field with every single one.
                                                                    I guess... I have never seen so many people grip so hard on something in my life.. Crying over not being able to use atm or get cash back. Why try so hard to hide your winning? Do you or anyone else who sent your picture ID and SN actually think your getting over or hiding from the IRS? Because your buying MO? I actually think it’s comical.. If I’m in left field... Where are you people? In A ball?
                                                                    Comment
                                                                    • Demonata
                                                                      BARRELED IN @ SBR!
                                                                      • 07-12-11
                                                                      • 25829

                                                                      #279
                                                                      Rip cash withdrawals!
                                                                      Comment
                                                                      • pablo222
                                                                        SBR Hall of Famer
                                                                        • 01-03-19
                                                                        • 8858

                                                                        #280
                                                                        Originally posted by MrCavalier
                                                                        I guess... I have never seen so many people grip so hard on something in my life.. Crying over not being able to use atm or get cash back. Why try so hard to hide your winning? Do you or anyone else who sent your picture ID and SN actually think your getting over or hiding from the IRS? Because your buying MO? I actually think it’s comical.. If I’m in left field... Where are you people? In A ball?
                                                                        You are probably right on most of what you said. But most of these other posters are talking about are not raising flags.

                                                                        Are you the guy with the pending TTech bet? If so, I hope you hit that one!
                                                                        Comment
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