Visa and Mastercard Punish Customers Purchasing Crypto

  • Alex Dovbnya
    📰 News

Visa and Mastercard Punish Customers Purchasing Crypto

Visa and Mastercard changed the way they process cryptocurrency purchases through Coinbase. Transactions are now treated as cash advances rather than purchases; this means that transactions come with additional fees, higher interest rates and no credit card points are awarded to the user. The fees and interest can add up to 10 percent of the entire investment, essentially making the option to purchase using a credit card unappealing.

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