Deposit Methods Update

Kevlie

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Well some are not using his credit card maybe , some have only maestro , some likes PayPal cuz the fee is cheaper.
I did a direct transfer bank to bank 150 € to MA and my bank taxed me with 14 € that sucks tbh...
Debit card is not a credit card. They cost 0 to 1.5 Eur per month to maintain, and the tax is few cents compared to direct transfer. Its the same card you use to pay for groceries in 711 or any other market, you use the same card to pay online, simple as that. Make an online bank order from maestro to master card, the card arrives to your house within few days. You can now deposit as simply as using paypal.
 

Mac Farmer

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Debit card is not a credit card. They cost 0 to 1.5 Eur per month to maintain, and the tax is few cents compared to direct transfer. Its the same card you use to pay for groceries in 711 or any other market, you use the same card to pay online, simple as that. Make an online bank order from maestro to master card, the card arrives to your house within few days. You can now deposit as simply as using paypal.
Also most of those banks have their own ATMs that you can deposit direct to your debit card for 0 fee . PayPal fee is way higher than this
 

K_rupT

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That fee is the actual fee levied by the bank to the company and not something MA charges and is usually due to mistake in input made by the withdrawer. There is 0 sense in removing that fee as that would be an unnecessary drain for MA. The way to be cost effective is to not make mistake and give the proper details in the first place.



That is exactly what this notification is about and that they are actively pursuing adding other methods. Whats your point?



You also need a home address/residence proof/money to begin with etc etc etc to actually get a bank account. To add to that if you do not have bank with smart enough people to give you the correct numbers then perhaps ask the bank you deal with to get some brains instead of wasting forum space here.

Bank deposits are 100+ because there is a $10-15 usd minimum cost for a wire transfer levied. Imagine depositing 50 usd and bank charging 15 usd for it. Lol. MA just making sure no one does something stupid and then blames MA for it. Even $100 is too low anyways. Hence why for small transfers credit/debit card works best until we have other options like neteller/transferwise available.



That is because you did a small transaction. Had you done $1500 the cost would be aroun 20-25 usd max which is much less compared to what you pay via other merchants which generally charge 2-4%.

For now credit/debit card is the only option for small transactions and once the other merchants are onboard we will have more options.


As an alternative to PayPal, MindArk recommends using the bank or wire transfer deposit option, which is the most cost-effective method to deposit funds into Entropia Universe.


The part where they said bank transfers are available. Which are not in webshop
 

Divinity

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As an alternative to PayPal, MindArk recommends using the bank or wire transfer deposit option, which is the most cost-effective method to deposit funds into Entropia Universe.


The part where they said bank transfers are available. Which are not in webshop
That makes sense I agree but to get that they will need a way to tag your order in webshop with the deposit you make. Not sure how they will implement it ( they can generate a deposit ID which then we need to put in our wire transfer) but I guess support case with manual entry can be made an option for this purpose considering bank deposit means that the amount would be substantially higher.

There is an approx 2% cost variation in cc vs deposit rates etc but cost of wire transfer is around 20-30 usd. So anything less then 3k USD transfer i would still do via cc/debit instead of wire transfer. For anything above, the option would be helpful for sure.
 

pechunter

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Will u take blood and organs as payment?
 

Kerham

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Ref cryptocurrency, only and only if MA finds an intermediary which to take the risk. Otherwise no tx, 10PED = 1$ or bust.
 

Ino

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MA it is about time to get into 21st century. Add crypto already. Transfer fees as cheap as 1 pec.
 

Admiral

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This will not kill anything.
It would just be a payment option for the buyer (the player). The merchant (MA) wouldn't have to manage any cryptocurrency, it would instantly receive fiat money (USD, EUR, SEK...).
How can you be sure about that :confused:
 

Divinity

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Ref cryptocurrency, only and only if MA finds an intermediary which to take the risk. Otherwise no tx, 10PED = 1$ or bust.
I agree .

How can you be sure about that :confused:
Because that is how it works lol. The crypto exchange does the trade and transfers the $'s
 

BruuD

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MA it is about time to get into 21st century. Add crypto already. Transfer fees as cheap as 1 pec.
How about, players get into 21st century and use a bloody credit card...
If you're not able to get a mastercard or visa then maybe you shouldn't be depositing money into a game in the first place.

Anyway, I'm sure MA is doing everything they can to connect with additional payment providers.
If anyone wants you to deposit it's them so surely they'll put in all their effort in making sure everyone is able to put their money in again a.s.a.p.
 

mastermesh

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How about, players get into 21st century and use a bloody credit card...
If you're not able to get a mastercard or visa then maybe you shouldn't be depositing money into a game in the first place.
Not all damn cards are for international use. Many are 'domestic only' .. those that were could be tied to paypal previously. In ancient days many prepaid cards could be used international too, not so much these days
 

jetsina

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As an alternative to PayPal, MindArk recommends using the bank or wire transfer deposit option, which is the most cost-effective method to deposit funds into Entropia Universe.


The part where they said bank transfers are available. Which are not in webshop
I've said several times now that MA should introduce a separate shop-enabled ped card balance that can be deposited to with larger sums typical of a bank transfer.

If desired by MA, it would only be possible to add to this 'shop balance' via a deposit from outside EU, as MA obviously doesn't want in-game peds to have access to the shop.
Players who have deposited to the deposit card would be able to buy things from the shop or transfer peds to their normal ped cards, but not back again.

PS: It might be that MA could provide a method for approving withdrawal amounts via a similar concept, but this topic is about how we can deposit conveniently, so is just a side note.

Edit: Personally, I would also like to see deed payout balances accepted in the shop too, but I realise this is something MA may not desire.... but my main idea... PLEASE!
 

Roman Shumberg

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Transferwise seems to be a decent option.
International debit card is free to use. Bank transfer fees are below 1 USD.

Does anyone have issues with signing up for Transferwise account/card?
 

Ludvig|MindArk

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The announcement has been updated as follows:

As an alternative to PayPal, MindArk recommends using the bank or wire transfer deposit option, which is the most cost-effective method to deposit funds into Entropia Universe.
has been adjusted to:

As an alternative to PayPal, MindArk recommends using the bank or wire transfer deposit option, which is the most cost-effective method to deposit funds into Entropia Universe for deposits of $400 or more.
 

Xcessive

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my reply has been adjusted to

'deposit flows will impact our net inflows for the year, thus negatively impacting our top and bottom line. we will look at all options including layoffs and management board pay cuts. until we can have a viable method for someone outside of europe to deposit $20 USD, we will continue to be impacted. Future content updates, including space development, will be put on hold, until we figure out how to prove to regulators that we not a crypto-casino. Thank you for your understanding'
 

Divinity

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The announcement has been updated as follows:



has been adjusted to:
@Ludvig : Sad to say but practically the announcement is flawed. Paypal was used to buy stuff from webshop and going by your statement it would mean that bank deposit is now the preferred option for doing that for purchases above $400. However, there is no such option currently present in the webshop to do so and cc/debit are the only methods available. I think the statement needs an edit to reflect the same unless i am missing something.
 

trance

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I get some money from my RL customers trought Paypal. So it was super easy for me to deposite in EU. If it run trough my bank, it cost me transferring, time and more work to do. Realy , realy bad news for me, that Paypal no longer work.

No Paypal = much much harder to deposite. Thats the truth in my case.
( Just funy, for Epic games it seems not a problem, if u use Paypal. Is EU now classified as casino game, officialy? is this the problem behind? )
 
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San

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Saw it coming, seriously. Thanks for letting us know alternatives are explored and which ones are in focus. It can only get better.
 

mastermesh

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Just get us that mindbank card already...
 

Makitoki

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i would like to recommend USDC as an "OPTION" for players who choose to go this route. It is backed and secured, has ultra low fees (i've sent 8k usdc and was charged less than 10 cents in fees). it takes less than 5 mins to send or receive and is a p to p transaction without any middleman and is fully verifiable and easily audited for any intended purpose. would reduce withdraw times (cuz we all know deposit time is never an issue :D) and save fees for all parties involved.

I understand not everyone has access to circle or conbase to transfer their usdc back to usd instantly with no fees, but as i said let this be an OPTION to those of us who do have access to speed up these process. if i can have faster access to my funds i def deposit and cycle a whole lot more than what i am doing right now.
 

Aloisius

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MA should use Bitpay if they don't want to hold Bitcoin.

P.S. Don't use Coinbase, they don't like Bitcoin transactions involved with gambling.
I would say use Binance - it's a Chinese platform based in Malta. Sold my doges thanks to them. Please allow LTC ETH and BTC if more than just BTC!

ps Paypal is dooshes
 

SupaPres

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Does MA not understand that most US bank block payments to them?

I have tried multiple cards in the past and everyone of them has either required me to approve the payment and trying again or blocked my card and required a new one to be sent out.

This is general bank debit cards and credit cards from major providers. Discover, Capital One, Citi Ect.

MA losing PayPal is a major inconvenience for a lot of US players.
 

~ Cirrus ~

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Does MA not understand that most US bank block payments to them?

I have tried multiple cards in the past and everyone of them has either required me to approve the payment and trying again or blocked my card and required a new one to be sent out.

This is general bank debit cards and credit cards from major providers. Discover, Capital One, Citi Ect.

MA losing PayPal is a major inconvenience for a lot of US players.
It seems to be a problem only for the USA.

Visa cards are international.
I paid with my card for everything I've bought on the internet for 15 years, whether it's from USA, China or anywhere in the world, my bank has never asked me any questions and it has never caused any problems.

It's sad to see that you are not allowed to do what you want with your money in the "land of freedom"... :rolleyes:

And for those who think it's not secure, don't you know eCards (Visa) ?.. It's 100% safe.
 

Rock Stone

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I use my Credit card.
Every month when my statement rolls over My CC store purchase will get blocked.
I have to call the CC phone number and verify my blocked payment was not fraud.
As soon as I do that and wait say 20 mins my card works the whole month.
I tried to figure out why they did it talking to all the security people but they do not elaborate and cannot stop it.
I just know if it gets blocked I have to call.
MA is auto blocked from the states at least on the card I use.
I don't think it has anything to do with MA, I just think they are in a class of business overseas that's automatically flagged.
Rock
 
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ClosedFile

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I'm really sad because this makes me not be able to play.

f'ing paypal and facebook.
 

Robin

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you just need a bank account that can take international transfers, many of which do not... and you need to have a bank that has a smart enough people to give you the correct numbers that Mindark wants, many of which do not... IBAN numbers, etc. are not normal things in the US. Typically over here account number and routing number are all you need to do transfers, etc. Elsewhere is elsewhere. I suspect Mindark has shot itself in the foot with a much bigger wound than the flesh wound they think they got.

Also, just noticed that if you do choose to deposit with bank transfer the minimum deposit is now set to 100 USD...

with paypal you could deposit in much smaller increments.

Think it might be time for a lot of us to cash out for good?.. assuming we can figure out some Q@#@#%$!% way for Mindark to allow that?
wow 100 USD is pretty steep :O
 

Jas

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With Paypal it was easy to deposit. I did deposit a lot over the years.

I haven't deposited since Paypal was stopped.

Once the deposit cycle was broken I started to get some perspective... I now play EU less and play other games. It's a lot of fun.

Thanks for the perspective and saving me from wasting a ton more cash in the future. I really mean that:cool:

An ex-depositor who plays less now.
 

Naverith

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All I wanted was $250 USD of boxes.

The Webshop won't take any MasterCard or Visa (though they say they do - I tried 6 different ones). I'm US based, so I guess the game is over for me?

If MA is so suspect by the banking industry, I see no other option than find something else to do with my money.
 
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