Coinbase mistakenly charges miles of dollars

 

Friends here I leave you an error that Coinbase committed You have to be careful when we use our credit card 

Several investors in currencies who bought virtual currencies through the Coinbase virtual currency market, and who made purchases with a credit card have been in good condition to look at the state of their bank accounts. Several have kept their bank accounts to zero, and others have seen their balance has fallen significantly after being with repeated charges worth several thousand dollars because of a failure, as noted by Business Insider.

Apparently, the company says that it is not an error of theirs, and in a message delivered through Twitter is the fault of a Visa. He also wanted to reassure those affected, confirming that "he made sure that each affected client received the return of all the money from the erroneous charges". In addition, they ensure that returns are made directly through the banks.

Apparently, some users who bought cryptocurrencies in Coinbase with a credit or debit card experienced a refund and reprocessed their purchase several times. This ruling was made between January 22 and February 11. As a result, some of these users have been charged more than once. So much so that a user has found 50 charges, totaling $ 67,000. Many other users have reported through Reddit repeated charges between two and nine times. In another case, one person said that they transferred 5,000 dollars that are not his.

The company has attributed the ruling to a new policy between credit card companies and banks, which has led to the change in the vendor transport code (MCC) used by cryptocurrency companies when working with credit card networks. The processor of these cards did not update their codes on time and had to process large amounts of transactions again. Hence the failure.

In addition to these changes, some US banks have begun charging commissions in advance to users who buy cryptocurrencies. Meanwhile, entities such as Chase, Bank of America, Citi and Capital One have blocked purchases of credit card cryptocurrencies from their customers, due to their high volatility.

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