May 29, 2014, 7:43 pm
Last edit by: prasha11
Does not work anymore, is dead..... what is the point to report 'not working'?
As of 08/25/2014, Bancorp cards (Vanilla Visa, OneVanilla, etc.) are rarely working first try for debit transactions at Walmart. There is no apparent geographical basis. Basically, it's a crapshoot.
Do not agitate a cashier or store and lose the ability to make these transactions in the future. Multiple failed swipes or transactions will likely increase scrutiny. You do not want that. It is best to stop using these cards.
Vanilla VISA defaulting to credit
As of 5/29/2014, at most Walmart locations, all Vanilla VISA cards issued by The Bancorp Bank are automatically recognized as credit. Most Mastercard have required a workaround for some time. The MoneyCenter Express (ATM, kiosk, Kate) is not affected by this change.
As of 08/25/2014, Bancorp cards (Vanilla Visa, OneVanilla, etc.) are rarely working first try for debit transactions at Walmart. There is no apparent geographical basis. Basically, it's a crapshoot.
Do not agitate a cashier or store and lose the ability to make these transactions in the future. Multiple failed swipes or transactions will likely increase scrutiny. You do not want that. It is best to stop using these cards.
Vanilla VISA defaulting to credit
As of 5/29/2014, at most Walmart locations, all Vanilla VISA cards issued by The Bancorp Bank are automatically recognized as credit. Most Mastercard have required a workaround for some time. The MoneyCenter Express (ATM, kiosk, Kate) is not affected by this change.
MO Purchases using OV @ WM
Jun 20, 2014, 9:22 am
#1531
Join Date: Apr 2014
Posts: 103
I am new to certain forms of MS but not to beating systems. As a professional arbitrageur - be it markets, regulations, or "games of chance" - I've witnessed many edges come and go. The predictable pattern of discovery, scale, notoriety, crowding, and "efficiency" (edge disappears or becomes uneconomic) is playing itself out in MS.
Spending far too much time RTFF I've seen many ill conceived accusations and laughable assertions. Today's actions by Wally World were not only predictable but telegraphed. I'm not going to show all my cards but will provide a link that is very informative with regard to today's action and what will be happening in the near future:
http://www.fool.com/investing/genera...collapsed.aspx
I would add that those that are apolitical may consider raising their voices. Apathy and silence are two great ingredients to turn a sovereign individual into an indentured and poverty-stricken man. The Dept. of the Treasury (IRS) wants to make cash a rarity and with it anonymity and liberty. Time to get educated and involved.
Lastly I would enjoy having a discussion with sophisticated players of size (via PM) and can provide certain bona fides as there may be one big score left in MS.
Spending far too much time RTFF I've seen many ill conceived accusations and laughable assertions. Today's actions by Wally World were not only predictable but telegraphed. I'm not going to show all my cards but will provide a link that is very informative with regard to today's action and what will be happening in the near future:
http://www.fool.com/investing/genera...collapsed.aspx
I would add that those that are apolitical may consider raising their voices. Apathy and silence are two great ingredients to turn a sovereign individual into an indentured and poverty-stricken man. The Dept. of the Treasury (IRS) wants to make cash a rarity and with it anonymity and liberty. Time to get educated and involved.
Lastly I would enjoy having a discussion with sophisticated players of size (via PM) and can provide certain bona fides as there may be one big score left in MS.
While I agree with a lot of what you say, the other gift card companies seem to be doing just fine. I will not post their stock symbols here but have researched them and with a little legwork you can see so for yourself.
Bancorp obviously was the most abused based on availability, but the others still are hit pretty hard I would imagine and the few I researched are near 52k week/all-time highs and aren't dropping 25% in a day like Bancorp.
Jun 20, 2014, 9:38 am
#1532
Join Date: Jan 2013
Programs: AA, SPG, MR, UR, Cash Back!
Posts: 606
I am new to certain forms of MS but not to beating systems. As a professional arbitrageur - be it markets, regulations, or "games of chance" - I've witnessed many edges come and go. The predictable pattern of discovery, scale, notoriety, crowding, and "efficiency" (edge disappears or becomes uneconomic) is playing itself out in MS.
Spending far too much time RTFF I've seen many ill conceived accusations and laughable assertions. Today's actions by Wally World were not only predictable but telegraphed. I'm not going to show all my cards but will provide a link that is very informative with regard to today's action and what will be happening in the near future:
http://www.fool.com/investing/genera...collapsed.aspx
I would add that those that are apolitical may consider raising their voices. Apathy and silence are two great ingredients to turn a sovereign individual into an indentured and poverty-stricken man. The Dept. of the Treasury (IRS) wants to make cash a rarity and with it anonymity and liberty. Time to get educated and involved.
Lastly I would enjoy having a discussion with sophisticated players of size (via PM) and can provide certain bona fides as there may be one big score left in MS.
Spending far too much time RTFF I've seen many ill conceived accusations and laughable assertions. Today's actions by Wally World were not only predictable but telegraphed. I'm not going to show all my cards but will provide a link that is very informative with regard to today's action and what will be happening in the near future:
http://www.fool.com/investing/genera...collapsed.aspx
I would add that those that are apolitical may consider raising their voices. Apathy and silence are two great ingredients to turn a sovereign individual into an indentured and poverty-stricken man. The Dept. of the Treasury (IRS) wants to make cash a rarity and with it anonymity and liberty. Time to get educated and involved.
Lastly I would enjoy having a discussion with sophisticated players of size (via PM) and can provide certain bona fides as there may be one big score left in MS.
Jun 20, 2014, 9:40 am
#1533
Join Date: May 2013
Posts: 52
According to Bancorp's SEC filing, the FDIC has restricted the bank, until further notice, from issuing nonbenefit reloadable prepaid cards and from any automated clearing house transactions for merchant-related payments.
Jun 20, 2014, 9:45 am
#1534
Join Date: Apr 2014
Posts: 103
Reloadable only not gift cards. Of the Vanilla cards this would only impact their MyVanilla card. Not the gift cards or onevanilla prepaid cards.
Jun 20, 2014, 9:49 am
#1535
Join Date: May 2013
Posts: 52
It's very likely this problem is unrelated to MS. FDIC blocked transactions via ACH and the software of the Kiosk will reflect immediatelly those changes. I would guess prepaid cards are a way for this banks to show an inflated cash availability. just a guess.
Jun 20, 2014, 9:52 am
#1536
Join Date: Feb 2014
Posts: 148
Loading BB/Serve can arguably be an ACH pull, but buying MOs too? I suppose one can argue the money is pulled to Moneygram's account... but how is that different from using it to purchase a pack of gum... Money just goes to walmart account instead...
Jun 20, 2014, 9:53 am
#1537
Join Date: May 2013
Posts: 52
http://www.digplanet.com/wiki/Automated_Clearing_House
Jun 20, 2014, 9:53 am
#1538
Join Date: Apr 2014
Posts: 103
Again based on your original post they blocked only "reloadable" prepaid cards. Gift cards aren't reloadable so what you are saying is contradicting.
Jun 20, 2014, 9:55 am
#1539
Join Date: Dec 2013
Location: NYC
Posts: 5,025
"According to Bancorp's SEC filing, the FDIC has restricted the bank, until further notice"
1) "from issuing nonbenefit reloadable prepaid cards"
2) " from any automated clearing house transactions for merchant-related payments"
Jun 20, 2014, 9:58 am
#1540
Used to be garyjr316
Join Date: Feb 2011
Location: LAX or SBA
Programs: AAdvantage, MileagePlus, Gold Passport, Hilton HHonors, Marriott
Posts: 800
Regardless if it is a FDIC issue or not... the moral of the story is don't put all your eggs in one basket. Especially if that basket is full of cash you can't float for awhile.
Jun 20, 2014, 10:02 am
#1541
Join Date: Mar 2012
Posts: 407
I thoroughly enjoy the turn that this thread took.
Jun 20, 2014, 10:11 am
#1542
Join Date: Feb 2014
Location: PHL
Posts: 930
Ok, so this has nothing to do with MS. Everyone breath a sigh of relief lol
Jun 20, 2014, 10:16 am
#1544
Formerly known as FTRox87
Join Date: Sep 2012
Location: TX
Programs: AA/US 1M, AS, BA, CX, EK, EY, JL, KE, LH, NH, OS, QF, QR, TG, UA/CO | *$G
Posts: 1,428
point 2 doesnt quite make sense either, cause certain amounts (say for the sake of simplification, under $100) work as DC just fine -- so its not a complete block. and AFAIK all amounts work as CC -- is CC not done via ACH for all intents and purposes?