Skrill/Neteller decision to withdraw prepaid Mastercard service is big win for bitcoin

Discussion in 'General Bitcoin Gambling Discussion' started by Humble Servant, Nov 24, 2016.

  1. Humble Servant

    Humble Servant Active Member Staff Member

    Skrill customers in dozens of countries around the world, including China and Russia, received an unexpected email from Skrill informing them that from November 25th they would no longer be able to use their prepaid Mastercard facility. Since Neteller is also owned by Paysafe Group, it is expected that the Neteller debit card will also stop functioning in dozens of countries around the world. The only countries that remain unaffected are those in the Single Euro Payments Area (SEPA), which comprises of the 19 eurozone countries and a number others who have signed the European Economic Area agreement. If you don't live in one of these 34 countries then you will no longer be able to use your Skrill Mastercard to make withdrawals at ATM's or fund your online gambling accounts.

    This will be a major blow to online poker players and sports bettors in countries like Brazil, Russia, China and Australia who have long used the popular prepaid debit cards as a means to fund their gambling accounts. This decision will probably help increase bitcoin adoption as Skrill and NETELLER customers in over 60 countries look for alternative ways to deposit at their favourite sportsbook, casino or poker room. Many online gambling sites will suffer from this unexpected announcement and will be eager to offer their players a decentralised and censorship resistant payment method.

    If you live in a any one of these countries, your service will remain unaffected...
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Iceland
    • Ireland
    • Italy
    • Latvia
    • Liechtenstein
    • Lithuania
    • Luxembourg
    • Malta
    • Monaco
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Romania
    • San Marino
    • Slovakia
    • Slovenia
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
     
  2. Kaboom

    Kaboom Member

    have neteller confirmed yet that they will be withdrawing their card also from non e.u. countries.
     
  3. Humble Servant

    Humble Servant Active Member Staff Member

    Yes. Both NETELLER and Skrill are affected. We have been told that customers in Russia and China will be allowed to use their debit cards until they expire, although users in the Crimea have already had their cards suspended.
     
  4. NKOTB

    NKOTB Member

    Why would they do this? ATM fees must have been a huge part of their income.
     
  5. Humble Servant

    Humble Servant Active Member Staff Member

    I'm guess because of stricter AML/KYC around the world. It was becoming a legal nightmare for them to offer Mastercard facilities outside of Europe.
     
  6. Humble Servant

    Humble Servant Active Member Staff Member

  7. Humble Servant

    Humble Servant Active Member Staff Member

    Skrill now allows their players to deposit funds using bitcoin via BitPay. You will have to pay a fee of 1% however,
     
  8. Pony

    Pony Member

    this is crazy when you consider that most bitcoin wallets are now issuing debit cards to users.
     
  9. SuckIt

    SuckIt Member

    My Xapo debit card is unaffected :)
     
  10. Doyle

    Doyle Member

    I recently switched to a Bitwala debit card and I'm very happy with the service. Bitwala have lower fees than Xapo or BitPay.
     
  11. kenedalek

    kenedalek New Member

    Does someone know why is it happening? It's something with Mastercard, cause Neteller, Skrill, Xapo, and most recently Advcash, was Mastercard international prepaid cards
     
  12. Humble Servant

    Humble Servant Active Member Staff Member

    My guess is the problem stems from their credit card issuer. From what I can tell, they all seem to use "WaveCrest" as their credit card provider. If WaveCrest decide to change their policy regarding which countries they service, then all the companies who use their service will have to go along with it.
     
  13. 4TheWin

    4TheWin Member

    BitPay cancelled my BitPay bitcoin debit card because they said I was using it too much outside the United States. As a US citizen, I should be allowed to use my debit card anywhere I god damn like.
     
  14. Humble Servant

    Humble Servant Active Member Staff Member

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