Original link: https://tumutanzi.com/archives/17105
When I introduced the VCard virtual card last time, I mentioned that one of its biggest highlights is that it supports application for physical cards.
So I applied for a physical card on September 12. Note: The application fee for a physical card that requires KYC verification is US$99, and for non-KYC it is US$199.
After waiting for a week, I asked the customer service for logistics information, and found out that the mail was sent from the UK on September 14th, arrived at the Shanghai International Exchange Bureau on the 18th, and arrived in Guangzhou on the 19th. It took another 2 days to arrive in my city. Three days later, I still didn’t receive the mail. It turned out that the local post office couldn’t get through to my phone (I suspected they didn’t call at all), and they couldn’t deliver the mail based on my address…
I contacted the postman on the phone, and in order to prevent the mail from being returned to the UK, I decided to go to their post office window to pick it up in person. After receiving this international mail, I discovered that my address was actually detailed enough, but because the foreign sender used Pinyin, the post office staff at the last link in China only “translated” the address into a street address, and the following floor All dormitory information was omitted, no wonder it couldn’t be delivered to me even when I got to school. The postal service is really disappointing.
Open the mail and get the card, just like you get a credit card in China. There is a bank card attached to the English instructions. The design is very simple. The card is jointly issued by OUITRUST, a financial institution and MasterCard, and OuiTrust is a French financial institution that focuses on financial settlements in China and Europe. organization, but the email address is the United Kingdom. I don’t understand the logic behind this. The front of the card says business, but it can actually be understood as a bank card issued by foreign corporate customers for employees – it can even be understood as a corporate expense budget card, but with the function of a bank card.
I thought I could activate the card as soon as I got the card, but I was told by customer service that I needed to update the software version after the National Day before I could activate the card. I had no choice but to wait. When the time comes, I will activate it and go to a domestic ATM in person to try to withdraw cash.
In fact, the usage scenarios of this card are very niche. It is a debit card, not a credit card. It uses USDT stable currency to recharge. The recharge rate is 1.5%. When withdrawing cash (including RMB) from MasterCard ATMs at home and abroad, an additional 2% fee is charged. Rate, and considering that there is a little loss in the exchange rate, generally speaking, there is a rate loss of about 4% from USDT to fiat currency cash such as RMB! In addition, there is a monthly administration fee of 2 euros for this card.
These are the sources of profits for other card issuers. It’s not profitable to start early. All such services have service fees. For example, in the process of depositing stablecoins and other cryptocurrencies at ATMs in Hong Kong and then withdrawing Hong Kong dollars, the loss reaches 7%.
So why apply for such a card? I just do it for fun and to experience new things. However, some friends withdraw money to the exchange OTC to sell stablecoins and other cryptocurrencies to obtain RMB cash. In fact, there is a high probability of encountering black money and causing the bank card to be frozen. However, if this VCard physical card is used properly, withdrawals are relatively safe. many.
At present, this type of product is rare. Apply early and use it early. Friends who have actual needs can use my application link to obtain it (invitation code 110316): https://webapp.51vcard.com/#InviteRegisterPage?inviteCode=110316 Get off in the morning If you have it early, you will understand everything.
Risk warning : It is recommended to control the amount of recharge funds during use.
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