Bux.to Now Set To Use Pre-Paid MasterCard as Payment Option

With most of the talk on the official Bux.to forum centering around the eagerly awaited Bux.to Card, it was great to see a update from Admin today regarding alll the answered questions relating to the release & use of the card. The most surprising thing in the announcement is the change from Visa Electron (as we all were told it would be) to MasterCard. This is probably in hindsight; a better option as MasterCard will be more widely acceptable than the Visa Electron Card, so a good move for Bux.to & a even better one for it's 2.5M members. The other surprising thing in the annonucement was the fees for the card, these will be a lot smaller than I originally anticipated & the limit you can put on the card is a whopping $12,500! which will test even the top members at Bux.to! Read he full official announcement for the Bux.to card below:

"In order to provide a smooth release. I'm giving you answers to most of the questions I've seen. We have tested the API, some changes and other admin decisions need to be made before public release. Ever wonder why we are probably the last ptc site to release the card? Because we want everything to be perfect, showing that we are the best PTC out there.

Cards are shipped in basic layout and come with embossed letters www.bux.to and soon in full Bux.to layout and colors when the new web design is out. A much more details of FAQ will be available in the public release. Check back frequent for newer updated version. Bux.to card will be given in form of a reloadable prepaid debit Mastercard.

Pricing and Fees:
Card (When the card is first loaded)
QUOTE:
"Card activation within the US - $9.95/Per card
Card activation for Non US - $9.95/Per card
Loading payments - $2.00/Per load
Monthly account maintenance (Taken from available card balance each month) - $3.00/Per card"

ATM Cash Withdrawals:
QUOTE:
"ATM withdrawal within US $1.35/Per Transaction
ATM withdrawal outside US $2.15/Per Transaction
Declined ATM withdrawal (When withdrawal request is declined) - $0.90/Per Transaction"


Who can get a Bux card?
Anyone 13 years or older with or without a bank account can receive the Bux card by filling out a simple form online. If you are under 18: Get your parents permission first and have them order the card for you.

How can I use the Bux card?
The Bux.to card works just like any other MasterCard and can be used just like a credit or debit card, except it has a fixed and prepaid limit. The card is accepted at all locations worldwide, wherever MasterCard is accepted electronically. You can use it at any point of sale location to make purchases, whether online or at retail locations. You can also use the Bux.to card at ATMs worldwide to withdraw cash. With the added security of choosing your own PIN, you can be assured of no unauthorized use of your card. It can even be used as a phone card.

Can I use the Bux card on the internet?
The Bux card may be used for online transactions wherever MasterCard is an accepted form of payment.

Who can use the Bux card?
The cardholder is the person whose name is imprinted on the card. This is the person to whom the card was issued and the named person is the only authorized user of the card.

How do payments to me become available on my Bux card?
Whenever payments are loaded to your Bux.to card, you will be notified by email and will be required to accept payment. These funds will be available to you within 2 to 4 business days of accepting payment.

What is the maximum amount the Bux card can be loaded with?
This card allows a total limit of $12,500.
A daily spending limit is set at $2,500.
Daily ATM withdrawal limit is set at $1000. Example: If you withdraw a $1000, you have $1500 available for the day.

How can I receive the card?
Card will be posted to the address on your application form. You will receive the card for free, no extra postal/shipping cost. Your card will be shipped to you by Regular Mail from the US. Your card will be shipped within 2 business days of the application being approved. Card will arrive in 7 to 10 business days (in the US) depending on where you are located and longer if they are being sent oversea.

Do I have to send in any documents to apply for the card?
Yes but there is no need to scan the documents, all we need is the number from your government issued ID The card is provided by a US company, this is required by US law, you cannot avoid it

QUOTE:
"The U.S. Patriot Act is a Federal Law that requires financial services institutions to make all possible attempts to authenticate and validate an individual’s identity participating in their service."

If the Cardholder Details is located in the US
The only method to provide your ID is to give your SSN.
If you're under 18 - Parent SSN required

If the Cardholder Details is located outside the US
You are more flexible as you have 3 choices as given below along with the information needed.

1. National ID
- Name of ID holder
- ID Number
- Country of issue

2. Passport
- Name of passport holder
- Passport number
- Date of expiry
- Date of issue
- Country of issue

3. Driver's License
- Name of license holder
- License Number
- Date of expiry
- Country of issue

If the Cardholder Details is located in the US but do not have SSN
You need to change your Cardholder Details to your home country and fill out the details of your home country then choose the option 'Send card to different address' and put in your US address.

Should I wait for card to release or cashout via AlertPay now?
If you are premium. I suggest you request cashout via AlertPay now. The reason is becauses the time it takes for first cashout to card is roughly 20~30 business days.

Break down:
2~5 working days for ID validation
7~10 working days for delivery (in the US) longer if you are located elsewhere in the world
serveral days for funds 'from balance to card requests' to complete
serveral days for funds to appear on card

But after that you can request cashout via card."

**END OF ANNOUNCEMENT**

Well, this is great news, many other PPC sites already have a pre-paid card for payouts but Bux.to has delibrately taken it's time on this to get everything perfect & ready for the launch. Good work Bux.to, we are all very excited for the plans for the future!