Visa and MasterCard Commissions for Cryptocurrency Purchase Now Twice More Expensive

Home / Visa and MasterCard Commissions for Cryptocurrency Purchase Now Twice More Expensive

As most of the major credit card companies have changed their Merchant Category Code for cryptocurrency purchases, both Visa and MasterCard used this opportunity and have changed the classification of such transactions from ‘purchase’ to ‘cash withdrawal’, which gives them the right to charge additional fees.

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