AdvCash and Russian sactions?

[Wellington]

Only issue I find with them, is when you want to do a local bank‌ transfer to asia, they only allow a certain amount per transaction, and it always goes‍ on hold whilst their third party asks the reason for the transfer etc, adds days⁠ to a transfer - pretty silly

 

[EuroKiss]

It Always worked like a charm, hope they will keep their business open for a‌ long time, excellent ramp-up for Binance, absolutely the best CEX at all!
Their Telegram 2FA‍ is so simple as genius…
And they do not stress me every day as Revolut⁠ asking for my tax country and number! rof/%

 

[JackAlabama]

indeed. it is⁠ very good. Also the unionpay card is excellent.

 

[EuroKiss]

Didn’t have opportunity to get one, and really surprised me to know that Unionpay‍ is the most used payment card in the WORLD..and it is used only in China!⁠ Just imagine what will happen when 160 millions of Russians and hundreds of millions of⁤ Africans will start using it! 😵

 

[RealDude]

No one uses Unionpay in China.⁤ WeChat Pay and Alipay are the market leaders. But nice try...

 

[EuroKiss]

Seriously, why people do not even know how‍ to make a simple Google search?
Link: China’s UnionPay leads global payment card issuers |⁠ Payments NEXT

 

[JackAlabama]

in china, but there are many Chinese being‍ overseas for whatever reason where these apps dont work and they need cards.
Also banking⁠ in HK gives you unionpay cards which are well supported thru-out asia and also in⁤ africa for example.

 

[EuroKiss]

Please read my above link. Btw Unionpay can be used with all the others⁤ QR-based payment services in China.

 

[JackAlabama]

I was not contradicting you at‍ all. I use unionpay since like 7 years or so myself.

 

[EuroKiss]

Great to know. So you know that Chineses‍ use Unionpay a lot in China. Hence, they are the biggest payment network in the⁠ World.

 

[JackAlabama]

I travelled extensively thru China and had business there.
But lets focus on overseas where its‍ use is also remarkable thats why every halfway decent atm around the world supports it.⁠

 

[EuroKiss]

And even they get a merely 0,5% of transactions⁠ done outside China.

 

[Simon4466]

May I ask which gateways Advcash has lost thus⁣ far?

 

[John Spectre]

Ability to issue cards for some regions
Ability to make rub/uah payments
Ability to make‍ sepa transfers for certain users

 

[EuroKiss]

Just used AdvCash with SEPA transfer. Reliable and way faster than Monese, just a bit‌ expensive (€5 + 0,5%).

 

[Simon4466]

As far as I am aware they use Majestic for their SEPA / bank payments,‌ so that might explain the rather expensive costs (https://www.majestic.eu/docs/pricelists/Majestic-corporates-pricelist.pdf)

 

[kkein]

I read that AdvCash allows transfering to russian cards: does it still work right now?‌ Or does it only work from within russia?

 

[BoomBoom]

Here is the last update they have:

 

[bizman]

That means Advcahs works unaffected to EU citizens.

 

[avalanche]

It does work