Will my card issuer charge a fee when paying by credit or debit card?: Difference between revisions
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In some rare cases, some issuing banks charge additional fees from customers who purchase bitcoin using a credit card, for example via Simplex' service. This is because some banks might see purchasing bitcoin as a "money order", a service that incurs additional fees when made with a credit card. | In some rare cases, some issuing banks charge additional fees from customers who purchase bitcoin using a credit card, for example via Simplex' service. This is because some banks might see purchasing bitcoin as a "money order", a service that incurs additional fees when made with a credit card. | ||
If you would like to know if a cash advance fee will apply to your purchase, you should contact your issuing bank directly beforehand; you can provide them with the code that describes our service: Merchant Category Code (MCC): 6051 or 6211. | If you would like to know if a cash advance fee will apply to your purchase, you should contact your issuing bank directly beforehand; you can provide them with the code that describes our service: Merchant Category Code (MCC): 6012, 6051 or 6211. |
Revision as of 09:01, 13 August 2017
In some rare cases, some issuing banks charge additional fees from customers who purchase bitcoin using a credit card, for example via Simplex' service. This is because some banks might see purchasing bitcoin as a "money order", a service that incurs additional fees when made with a credit card.
If you would like to know if a cash advance fee will apply to your purchase, you should contact your issuing bank directly beforehand; you can provide them with the code that describes our service: Merchant Category Code (MCC): 6012, 6051 or 6211.