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!

 

[JackAlabama]

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!

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

 

[EuroKiss]

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

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]

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!

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

 

[EuroKiss]

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

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]

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

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]

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.

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

 

[JackAlabama]

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

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

 

[EuroKiss]

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

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]

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

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]

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.

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

 

[Simon4466]

Advcash priorities to ex ussr markets and due to the sanctions they already lost number of gateways for transactions.
It have big probability that at some time they will stay with useless funding options that literally stops their business.
But it not first time in their history and they could spend years to open another gateways without shutting down business.

May I ask which gateways Advcash has lost thus far?

 

[John Spectre]

May I ask which gateways Advcash has lost thus far?

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]

I read that AdvCash allows transfering to russian cards: does it still work right now? Or does it only work from within russia?
View attachment 3379

It does work