Visa Wields Axe On Prepaid Cards
In a message to customers, BitPay defined that its card issuer, Wave Crest, “acquired route from (Visa) to right away shut all accounts of its pay as you go (Visa) debit card applications,” of which its pay as you go Bitcoin debit card was one.
A scarcity of discover meant the corporate had no alternative however to right away shut down spending from all its prospects exterior the US, BitPay claimed.
The message continued with:
Unfortunately, Wave Crest was unable to offer us or cardholders with extra time to arrange for this transformation.
It then added:
…Your BitPay Card account is now deactivated, and also you won’t be able to make use of it for additional funds or withdrawals.
Schnelli added that funds have been “blocked/ unavailable for now,” whereas BitPay promised cardholders would obtain refunds.
@Bitpay instantly closes all non US (EUR) Bitpay Cards accounts.
Fund are blocked/unavailable for now.https://t.co/XJBctk2PQQ
— Jonas Schnelli (@_jonasschnelli_) January 5, 2018
BitPay U-Turns Leave Bitter Taste
The transfer is an extra headache for BitPay customers. The operator has acquired criticism beforehand for its gradual implementation of SegWit assist and seemingly arbitrary altering of situations for its customers.
Schnelli was likewise unimpressed with the corporate’s efficiency, echoing ongoing tensions over Bitcoin charges.
This article sources data from Bitcoinist.com