Coinbase double charging?

[Millard]

Joint Statement from Visa and Worldpay for Coinbase customers

The following is a joint statement from Visa and Worldpay:

Over the last two days, some customers who used a credit or debit card at Coinbase may have seen duplicate transactions posted to their cardholder accounts.

This issue was not caused by Coinbase.

Worldpay and Coinbase have been working with Visa and Visa issuing banks to ensure that the duplicate transactions have been reversed and appropriate credits have been posted to cardholder accounts. All reversal transactions have now been issued, and should appear on customers’ credit card and debit card accounts within the next few days. We believe the majority of these reversals have already posted to accounts. If you continue to have problems with your credit or debit card account after this reversal period, including issues relating to card fees or charges, we encourage you to contact your card issuing bank.

We deeply regret any inconvenience this may have caused customers.​

 

[Millard]

Visa confirms Coinbase wasn’t at fault for overcharging users/

While Coinbase initially distributed the statement on its own blog, we’ve also received the statement directly from Visa.​

 

[Millard]

 

[SuperMaroid]

Good updates. Happy to see everyones get refunded and it wasnt coinbases fault.

 

[MythotiK]

Sign up information is similar to Coinbase as is money transfer but fees are extremely low.

They are listed on the site, I haven't been on Coinbase for a while but the last time I checked they were several percentage points higher in fees when purchasing bitcoin.

All of my transactions have cleared quickly as well. Don't really know if that has anything to do with Gemini but it certainly wasn't the case on Coinbase.

I'll check it out, thank you

 

[master.on]

Be careful guys
these "statements" NEVER came directly from Visa themselves

they're just linking to MADE UP articles claiming something Visa never said.
No article has any link to Visa website.

 

[Millard]

Be careful guys
these "statements" NEVER came directly from Visa themselves

they're just linking to MADE UP articles claiming something Visa never said.
No article has any link to Visa website.

While Coinbase initially distributed the statement on its own blog, we’ve also received the statement directly from Visa.

 

[master.on]

Just curious if
Are there any links in the visa website where they address the issue?

 

[Millard]

Just curious if
Are there any links in the visa website where they address the issue?

Not if they can avoid it.

 

[Millard]

Coinbase, Worldpay, Visa play blame game after dosh vanishes from crypto-fans' pockets/

Visa confirmed to El Reg that it did indeed issue a joint statement with Worldpay on the Coinbase kerfuffle – and then opened up a little more to say, er, well, don't blame us. Specifically, despite what Coinbase claimed on Thursday, Visa said it doesn't reverse payments – that's for the banks to decide.​

"Visa does not reverse or resubmit transactions. That is not Visa's role in the payment system," a spokeswoman told The Register.​

"All transactions are submitted into Visa's system by a financial institution, which for merchants is their acquiring bank. If cardholders continue to have problems with their accounts after the reversal period, including issues related to card fees or charges, they should contact the card-issuing financial institution."​

 

[mdavid82]

My bank gave me my money back but still now I’m afraid to use coinbase