Did Xapo Commit A Bait and Switch?
coinfire.cfDoesn't seem any different than most credit cards. People want to read it one way (FREE FREE FREE!!!!), but it's pretty normal. $15 for the card, use it for purchases (Association transaction) with no fees. Use it to get cash at a machine and there will likely be fees.
Did you miss the:
* $5 monthly service fee
* $.50 PIN change fee
* Fact that the ATM fee is ON TOP of the fees that the machine may change you
I think we all understand that ATM's might charge a fee to use but the $5/mo fee and the ATM fees on top of regular charges is not what any sane person would expect when told "$15 fee to get the card then it's entirely free to use"
$5/mo != Free to use
Most ATM cards from a bank (US) will charge you if you use some other bank's ATM. You frequently get a fee on both sides.
Their words are crafted carefully. They are a financial service provider. They are looking to rob you / stay in business just like most other financial service providers and will use most all the same tricks to ensure they stay in business / don't leave money on the table (in your pocket).
Bitcoin moves the ball to keep people attached. Bitcoin keeps getting more similar to fiat - except for the benefits of fiat all the time. This doesn't end well. Invest in Magic the Gathering cards now - to the moon!