Visa/Mastercard soon available from SportArbs…
The latest news on the SportArbs site is that they will soon be issuing Visa/Mastercard debit cards for members who want them. Now that membership is approaching 18,000 it seems that the company are taking further steps to consolidate the services available to members.
As with many other providers the cards will come at a cost, in this case somewhere between $100 and $120. They will be delivered by DHL/Fedex and users will have to pay fees for ATM withdrawals so for the majority of members I’m assuming that this will not be the first thing they look for when making a withdrawal.
I’m all for a company providing alternative ways to withdraw funds and I’m sure many people like the convenience of a debit card but for me the initial cost and ongoing transaction charges make it less of an attractive option.
In terms of performance SportArbs continue to make returns of around 2.05% a day and as this is a seven day a week operation it doesn’t take too long to start building up a reasonable fund assuming you compound at 100% for the lock-in period of 42 days.
Whilst the investment performance seems to be positive they still show on the home page that they will be establishing customer support by phone shortly. This has been there since when I joined back in the autumn of 2009. Now I know that this is a fairly minor thing but it’s just one of those little negatives that any programme wanting to be 100% credible should avoid at all costs.
But aside from this little irritation SportArbs is well worth taking a look at as you can invest and treat it as a passive investment.
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Has anyone been paid in the past 4 or 5 days? I am still waiting. Kind of unusual for them.
J M
It does seem a bit strange that they would take so long. Have you tried their support desk, they do normally reply fairly quickly. In the past I’ve had to remind them now and again about due payments.
The response
Not to worry. We are doing a software upgrade.
We should finish software installation on Tuesday, it is very extensive and is taking time. Please be patient while we do this upgrade. It is taking longer than anticipated.
Still waiting.
THIS SHOULD BRING YOU UP TO DATE
All the changes we needed to implement are going as planned, and the setup for the bank interface is nearly finished.
The first debit cards were issued and sent to our employees from the USA and China. We will test them to make sure all is working properly based on our new business model.
Please be aware that the new debit cards will be the only way to withdraw money from Sportarbs’ account balances, but deposits from e-currencies (GDP and PM) will continue without change.
In the future we plan to get a special financial license to offer direct deposits & withdrawals from and to bank accounts and this option is our priority and should be a welcome option for our investors.
I find this news very encouraging and hope it is the start of a prosperous future with Sportarbs.
still waiting for new info…