BitShares Forum

Other => Random Discussion => Topic started by: merockstar on August 22, 2014, 08:33:06 pm

Title: Circle kicks ass!
Post by: merockstar on August 22, 2014, 08:33:06 pm
It's what, as an American who the banks won't touch for another seven years, I've been waiting for.

Prepaid card? no problem.
pay card? no problem.
credit card? no problem.

if you're in the same boat as me, you need to be signing up for a circle invite.
the only thing I don't like about it is it makes it hard not to blow my entire pay on crypto.
Title: Re: Circle kicks ass!
Post by: Gentso1 on August 22, 2014, 09:00:56 pm
I signed up for a invite, have you actually used their service?
Title: Re: Circle kicks ass!
Post by: merockstar on August 22, 2014, 09:08:08 pm
I signed up for a invite, have you actually used their service?

yes. just used it for the first time today. hence the post.
Title: Re: Circle kicks ass!
Post by: Gentso1 on August 22, 2014, 09:13:29 pm
I signed up for a invite, have you actually used their service?

yes. just used it for the first time today. hence the post.

Can you give a little more context?

I use bitstamp and do international wire transfer's. I am completely reconsidering this as a branch manager recently called me "for my protection" to ask questions about my income and the purpose of said transfers even though I clearly stated digital commodities on the paper work.
Title: Re: Circle kicks ass!
Post by: merockstar on August 22, 2014, 09:16:22 pm
I signed up for a invite, have you actually used their service?

yes. just used it for the first time today. hence the post.

Can you give a little more context?

I use bitstamp and do international wire transfer's. I am completely reconsidering this as a branch manager recently called me "for my protection" to ask questions about my income and the purpose of said transfers even though I clearly stated digital commodities on the paper work.

well, it's a piece of cake. you store a credit card number. click deposit funds, tell it how much, then click deposit.

then it instantly has your money there. you can work with your money as USD or as bitcoin, it regards each as the same thing, there's a withdrawal screen from usd where it deposits to your credit card, and a withdraw screen as bitcoin where you enter a btc address.

the only thing is if you have the cheddar to be justifying international wire transfers then this might not be for you. there's a 500 dollar a day limit.
Title: Re: Circle kicks ass!
Post by: bitmeat on August 22, 2014, 10:42:50 pm
Is there possible collaboration BTSX + Circle? Given the value of storing BitUSD, or are they providing their own solution to the same problem?
Title: Re: Circle kicks ass!
Post by: Gentso1 on August 22, 2014, 10:53:03 pm
I signed up for a invite, have you actually used their service?

yes. just used it for the first time today. hence the post.

Can you give a little more context?

I use bitstamp and do international wire transfer's. I am completely reconsidering this as a branch manager recently called me "for my protection" to ask questions about my income and the purpose of said transfers even though I clearly stated digital commodities on the paper work.

well, it's a piece of cake. you store a credit card number. click deposit funds, tell it how much, then click deposit.

then it instantly has your money there. you can work with your money as USD or as bitcoin, it regards each as the same thing, there's a withdrawal screen from usd where it deposits to your credit card, and a withdraw screen as bitcoin where you enter a btc address.

the only thing is if you have the cheddar to be justifying international wire transfers then this might not be for you. there's a 500 dollar a day limit.

Well its still nice to have alternatives. Thanks for sharing your experience.  I am in line waiting for a invite but if I do get one I may give it a go.
Title: Re: Circle kicks ass!
Post by: merockstar on August 23, 2014, 02:56:38 am
Is there possible collaboration BTSX + Circle? Given the value of storing BitUSD, or are they providing their own solution to the same problem?

it's centralized. they basically offer usd IOUs that you can redeem.
Title: Re: Circle kicks ass!
Post by: Riverhead on August 23, 2014, 03:35:15 am
Does it hit your CC as a purchase or a cash advance?


Nice site, sounds like a great service.  Wish I knew about this last week :). I bet I could use my Visa debt card to pull directly from my checking account same day.
Title: Re: Circle kicks ass!
Post by: merockstar on August 23, 2014, 03:39:02 am
Does it hit your CC as a purchase or a cash advance?

looks like a purchase to me. but i'm not sure.
Title: Re: Circle kicks ass!
Post by: puppies on August 23, 2014, 07:48:44 am
I am also waiting for an invite.  This sounds like exactly what I have been looking for.
Title: Re: Circle kicks ass!
Post by: merockstar on August 23, 2014, 10:23:24 am
I am also waiting for an invite.  This sounds like exactly what I have been looking for.

I was lucky. I signed up for an invite the same week they got funded and announced they were going to exist. it was like ten or so months ago.

hope it happens quick for you.
Title: Re: Circle kicks ass!
Post by: merockstar on October 09, 2014, 11:59:11 am
I take it back. It kicked ass during beta.

Started having problems as soon it went live.

The fuck...
Title: Re: Circle kicks ass!
Post by: Gentso1 on October 09, 2014, 01:18:28 pm
I take it back. It kicked ass during beta.

Started having problems as soon it went live.

The fuck...
Thanks for the update, what kind of problems? details man, give us details
Title: Re: Circle kicks ass!
Post by: merockstar on October 10, 2014, 04:00:14 am
I take it back. It kicked ass during beta.

Started having problems as soon it went live.

The fuck...
Thanks for the update, what kind of problems? details man, give us details

I'm guessing they're overwhelmed.

My transactions all started getting marked by their anti-fraud program, and cancelled. I emailed them about it and they said to send my ID and a bill, then try the transaction again. This was a couple days ago. I did as they asked, then tried a couple more transactions. They're still getting canceled. So I e-mailed them again yesterday but haven't heard back.
Title: Re: Circle kicks ass!
Post by: .yoshi on October 15, 2014, 01:11:54 am
Circle has been working very well for me, no problems so far. Glad to have another legitimate place to purchase bitcoin online with my bank account and -finally- a place where I can buy coins with a MasterCard
Title: Re: Circle kicks ass!
Post by: Mysto on October 15, 2014, 01:48:49 am
Does it hit your CC as a purchase or a cash advance?


Nice site, sounds like a great service.  Wish I knew about this last week :). I bet I could use my Visa debt card to pull directly from my checking account same day.

Sadly cash advance :(
If you link your bank account is this cheaper than coinbase or the same cost?
Title: Re: Circle kicks ass!
Post by: merockstar on October 15, 2014, 04:14:06 am
Circle cleared me to continue buying on their yesterday.

Now, the prepaid mastercard I use is denying it on their end, and telling me that Circle has a minimum amount (which I verified with them was not the case).

So idk... problem might just be with Citibank now. I'll find out Friday.
Title: Re: Circle kicks ass!
Post by: .yoshi on October 15, 2014, 05:29:05 am
Does it hit your CC as a purchase or a cash advance?


Nice site, sounds like a great service.  Wish I knew about this last week :). I bet I could use my Visa debt card to pull directly from my checking account same day.

Sadly cash advance :(
If you link your bank account is this cheaper than coinbase or the same cost?

it is a great service. NO fees from Circle or my bank AND up to $500 worth of instant BTC VS. 1% fee at Coinbase plus a flat 15 cent bank fee and a 2-5 day wait period
Title: Re: Circle kicks ass!
Post by: Mysto on October 15, 2014, 05:31:44 am
Does it hit your CC as a purchase or a cash advance?


Nice site, sounds like a great service.  Wish I knew about this last week :). I bet I could use my Visa debt card to pull directly from my checking account same day.

Sadly cash advance :(
If you link your bank account is this cheaper than coinbase or the same cost?

it is a great service. NO fees from Circle or my bank AND up to $500 worth of instant BTC VS. 1% fee at Coinbase plus a flat 15 cent bank fee and a 2-5 day wait period
No fees + it's instant! Wow that is pretty great.
Title: Re: Circle kicks ass!
Post by: .yoshi on October 30, 2014, 01:19:49 am
Does it hit your CC as a purchase or a cash advance?


Nice site, sounds like a great service.  Wish I knew about this last week :). I bet I could use my Visa debt card to pull directly from my checking account same day.

Sadly cash advance :(
If you link your bank account is this cheaper than coinbase or the same cost?

it is a great service. NO fees from Circle or my bank AND up to $500 worth of instant BTC VS. 1% fee at Coinbase plus a flat 15 cent bank fee and a 2-5 day wait period

Update: Citibank, who issued my Mastercard, considered the BTC I purchased from Circle to be a Cash Advance and slapped me with a $10 fee, beware!
Title: Re: Circle kicks ass!
Post by: merockstar on October 31, 2014, 02:40:32 pm
Update, it ended up working just fine again for me two weeks ago. Just took an e-mail to circle and the understand that I have to buy more than ten dollars at a time.