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Originally Posted by seventhsense34
update: My bitpay card was shut down for being flagged for high volume atm withdrawals... talked in depth to customer service, they explain that using the card as a point of sale here and there is essential or the system will continue to red flag the account if the card continues to be only used at an atm... they did however reactivate the card for me after I talked to customer service.
Thanks for the heads up.
I guess that makes sense. And like I've said before, you can get cash back at a store and it only shows on the card as a regular POS purchase. You probably can't get as much as at an ATM in one draw, but you can do them in addition to ATM's - or do multiple cash back transactions. Plus it's free.
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Originally Posted by robg89
So I understand this correctly once I get my bit pay debit card I can cancel my check payments do withdrawal to bread wallet and then transfer to bit pay card and get as money out of atm?
Yes.
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Ps there is a local bitpay atm would I be able to withdraw straight out bread wallet there?
You could do that... but it would cost more. Bitcoin ATM's usually charge about 5%. You're better off saving that as a last resort.
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Originally Posted by THI3F
I don't what I did to raise any sort of flags or whatnot but I have no clue as to what they reviewed that brought about this conclusion.
So it sucks as was convenient using for btc purchase
You might not have done anything wrong. These sites selling bitcoin instantly for debit cards are really sensitive to security because once they send someone bitcoin they can't take it back. It's ripe for people ripping them off.
Because of this they seem to err on the overly protective side. They do some kind of automatic check with your personal info and develop a risk assessment. And as they said, they won't tell you how they determine their decision so you don't even know if it's because of some false positive.
It sucks, but hopefully you have better luck with the other site. Not long ago the idea of anyone accepting debit or credit cards for bitcoin was crazy... so at least now there are multiple options.
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Originally Posted by MadADX
In taking advantage of this months reload I sent a fair chunk of btc to my blockchain wallet. I just got the dreaded email from O asking where this money is going. They want physical addresses and everything. Don't know what to tell them.
Hmm, so you bought bitcoin from them and sent it to your own wallet... and then they asked where it's going? Had you already deposited to Bovada?
Seems odd they'd ask for physical address and stuff, as if they assume it's being sent to a business. How would they know you aren't just investing in bitcoin and holding it?