I approve this comment and think its should be done.

Why reinvent the wheel? Why the spending on developing a network and setting up an entire new chain of ATM's when all we need to do is to piggy back on the already existing system.

A card like PayFair is perfect, since they already have all the approvals in place, the technology in place and seems like they are also pretty well tied up in the SEPA system. Thats ALL ATM's in Europe that are connected to SEPA, which is mandatory for all banks since 2011 I think, or for sure mandatory since 2012.

PayFair upgraded their website with a "happy 2012", so we can assume they are still active. However their success is probably limited at best and with hardly any issuers and acquirers to take their card to consumers.

Its the perfect marriage between two systems that both offer new things, and both dont have a chargeback feature.

If PayFair needs clients the world of Bitcoin is that.

If Bitcoin needs a fast way into the ATM market, PayFair is that.

I am gonna give these guys a call this week. Its always worth a try since it benefits both parties. 

Jack, you make good points.   The way I see it, the issue is control:  You have no control over what PayFair (or anyone else on whom you might piggyback Bitcoin) will do when/if they see a negative press release from FinCEN about Bitcoin, or get a curious letter from a random financial regulator asking about it.   This alone is motivation enough to stay out of such an arrangement -- I speak from experience with dealing with connecting mainstream financial institutions and non-mainstream currencies.   Of course, if someone at PayFair (or any similar company) has an understanding of BTC and wants to  go "all in" with an integrated system, then this concern is mitigated, not fully, but mitigated somewhat.

By contrast, if you run the system yourself you have control over those issues and are not at anyone else's mercy.   Gas station chains and independent ATM networks are typically fairly soft sells on adding "one more card" to their accepted payment forms; with even one of the former and a handful of the latter on board you have enough of a base on which to start building a local market.   One strong local market presence will tend to spill over into others.   It's a time-consuming and work-intensive process, but this is true of almost any serious brand-building or business-expanding endeavour, isn't it?


Frank