Visa and Worldpay at Center of Charging Issues at Coinbase

Dozens of Coinbase users were complaining on Reddit regarding unexpected charges on their credit and debit cards; Worldpay and Visa issued a joint statement saying the issue was not cause by Coinbase; the Financial Times reports that the source of the problem was still not clear though it did seem related to merchant category codes that were assigned to Coinbase; the issues bring up concerns that regulators have been discussing, rules around the new digital currencies are not clear. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.