Replying to Avatar The Daniel 🖖

I’ve been using Fold since they were just an app for buying Starbucks cards with bitcoin. I had really high hopes for their debit card, but between the annual fees, their lack of Lightning support, their removal of free instant deposits, and most recently, the halving of the Amazon gift card reward, I’m not seeing much of a benefit anymore.

I guess I’m not getting the most out of the bill pay feature. Doesn’t that rely exclusively on PayPal?
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Meyer 2y ago

Yup relies on PayPal but it’s free sats for something I would normally just ACH over from my bank account.

Two extra clicks and I get to spin the wheel

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The Daniel 🖖 2y ago

But you have to ACH or direct deposit the all the fiat into it a few days in advance before paying the bills or you end up paying 1.5% on instant transfers. Do you just use recurring deposits then?

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Meyer 2y ago

Correct and yes! Recurring deposits when I get paid

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Meyer 2y ago

Very lame they got rid of the free instant deposits but if it keeps them in business and allows me to stack sats for paying bills I can’t complain 2 much

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Filou 2y ago

My last ACH to them took over 7 days. Too much of a pain to jump through the hoops for a minuscule payout. Much better ways to stack.

They have whittled the service down tremendously from what it was a year or two ago. Removed basically every feature that made it worth using IMO.