Why can’t you just write the info in public? There’s nothing secret in the DM you sent me 🤔
Hello,
Kindly read my DM carefully. I mentioned more than once that we cannot openly advertise how our privacy cards work or disclose the structure behind them, as doing so would compromise the nature and continuity of the business.
It may be my fault for not being clear enough, and I apologize for that. I will try to explain myself once again as clearly as possible.
Both our virtual and physical cards are strongly focused on preserving user privacy. The virtual card does not require any user verification; it comes pre-verified. The physical card only requires uploading a passport photo and a selfie. There is no Sumsub-style verification involved. The documents are uploaded solely for storage purposes and are securely stored by third-party providers.
The intermediary company that holds the contracts with the two providers I mentioned in DM, as well as with Visa and Mastercard, has gone through an extensive due diligence process. This included verification of the company’s operational history, bank account statements, and, most importantly, the deposit of a substantial security cheque. If we were to publicly disclose everything or share sensitive details with untrusted parties, they could contact the providers directly, request information, and potentially jeopardize the entire operation. For this reason, we are very limited in what we can share. These cards are extremely delicate products. You may have noticed that we deliberately use general wording such as “privacy-preserving” or “verification” to soften our marketing language.
If you wish to confirm whether the providers we use are indeed the two I mentioned, this can easily be verified by adding your newly purchased cards to Apple Pay or Google Pay. You will see their respective logos instead of Sovrae.
If your concern is that this could be a scam, I completely understand. However, please keep in mind that these are instant top-up prepaid cards. You only load the amount you intend to spend on the same day. For example, if you plan to spend $300 today, you top up $300. Once the balance is used, you can top up again. There is virtually no realistic scenario in which users would load large amounts of funds. Scamming would make no sense for us; keeping the business running is far more valuable, especially since these products are not cheap and our revenue comes from fees.
This point is somewhat irrelevant anyway, as I mentioned before, because we never touch user funds. Top-ups go directly to the provider accounts; otherwise, they would never allow us to operate. Their APIs are extremely strict when it comes to fund handling.
Lastly, I have been selling crypto cards for over 16 months. When I was an active and respected user on OCT, I had more than 70 satisfied customers and many positive reviews. I was banned due to a controversial private placement investment thread that some users disliked, which I plan to relaunch here on this new forum very soon. I am just getting started again.
To conclude, I fully understand your concerns. Please let me know exactly what you guys are trying to verify, and we can find a solution that is safe for both sides and allows us to continue this meaningful relationship.
Thank you very much,
Qzejol
Telegram: @Qzetcrypto
Twitter: @Sovrae_io
Email: info@sovrae.io
