Bit gold credit card
Melanie can you answer Canuck question above? July edited July I think they are just eating those fees. Well, a part of them. Also, as people directly link bank accounts, more and more money will be deposited by ACH.
I think the core concept of this business model is that as it grows into a interlinked body of accounts, gold will start to be spent directly from one account to another, bypassing the credit card fees. As the company grows, the percentage of gold being directly spent will increase and the credit card fees will decrease. The gold already inside the system will simply be shuffled back and forth. That is my take, anyway. I had to find out for myself. So, using bank transfer ACH and a credit card I almost simultaneously purchased the exact same amount of gold.
The amount of gold that I received differed only by. So I can conclude with confidence that the credit card merchant fees are not being deducted from the purchaser. What Canuck is what I did and what we all should do.
It would be nice for Goldmoney to clearly state something to the effect of: Or have I just missed this information by chance? However, I am not sure how this question pertains to user experience. There is some information that is absolutely crucial that we provide openly and easily due to our status as a publicly traded company, as well as the simple fact that we know that users need this information to make an informed choice about using Goldmoney.
Whether it be about security, our relationship with our vault operators and you! In relation to your question, it is really only necessary that users understand how the live pricing works, know that the transaction fee on all deposits is 0. We're happy to answer any questions or concerns that directly impact your experience on the platform, but explaining specific internal operations is not what the Community is for. I know that is likely not the answer you were hoping for, and I do not mean to discourage curiosity, but I thought it would be better to respond and acknowledge your question than simply ignore it.
Is there a plan to offer a Canadian Dollar card any time soon? KJH at the current time no. But i hope in the future BitGold can offer a Canadian Dollar card.
Wow thank you for this info! Its really bighelp specially to newbie like me. So real simple question I have to load to use the card? I was expecting the card to debit from my existing gold. August edited August Yes, bskiles You may find this useful.
Thank you for the clarification. BitGold is a subsidiary of publically traded GoldMoney Inc. For more information about BitGold, visit www. XAU , is a full-reserve and gold-based financial service and technology group. BitGold enables an industry-leading pay-in, pay-out capability for gold that leverages technology, foreign exchange conversion, data management, as well as regulatory, compliance and anti-money laundering AML infrastructure, to expedite efficient and timely payments almost anywhere in the world, using gold.
The JFSC is the main supervisory body that oversees and regulates Jersey's large financial services industry. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Such factors include, among others: Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.