Coinbase and Credit cards | Bitcointalksearch.org

ben62884

newbie

Activity: 22

Merit: 0

Quote from: justmyname on October 15, 2013, 07:54:18 PM

Quote from: wermoee on October 15, 2013, 06:41:12 PM

Ok,they added support of debit cards and so tried to link my card again and got this message "Error: Your verification charge could not be processed".
Called my bank and they say that all the transcations are cancelled because they are "quasi cash" which is not allowed by them.So WTF? Can anyone confirm it or tell me what to do? I've got several another credit cards but all of them are mastercard,so i can't solve this problem.

Obviously it isn't Coinbase. It's your Bank.

What bank do you have? I suggest using another Bank or Credit Union. So far I haven't had a problem using Citi Bank.

Also worked with Chase bank here

justmyname

sr. member

Activity: 389

Merit: 250

Quote from: wermoee on October 15, 2013, 06:41:12 PM

Ok,they added support of debit cards and so tried to link my card again and got this message "Error: Your verification charge could not be processed".
Called my bank and they say that all the transcations are cancelled because they are "quasi cash" which is not allowed by them.So WTF? Can anyone confirm it or tell me what to do? I've got several another credit cards but all of them are mastercard,so i can't solve this problem.

Obviously it isn't Coinbase. It's your Bank.

What bank do you have? I suggest using another Bank or Credit Union. So far I haven't had a problem using Citi Bank.

wermoee

newbie

Activity: 11

Merit: 0

Ok,they added support of debit cards and so tried to link my card again and got this message "Error: Your verification charge could not be processed".
Called my bank and they say that all the transcations are cancelled because they are "quasi cash" which is not allowed by them.So WTF? Can anyone confirm it or tell me what to do? I've got several another credit cards but all of them are mastercard,so i can't solve this problem.

jratcliff63367

member

Activity: 82

Merit: 10

I don't get all this criticism of coinbase. People gotta see this through their eyes. The number of people trying to rip them off must be overwhelming. I have bought all of my bitcoins through them at competitive prices and, since I'm a long-term investor not a day trader, I haven't had any issues with waiting for my bitcion to come through. I always get it at the price when I placed the order. I don't know why so many people are so impatient when they must realize that coinbase has to interact with the absolutely obnoxious existing banking system and fiat regulatory environment.

If you want instant gratification of cash for bitcoins, do it in person.

John

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Also it seems they have reduced their instant buy to a max of 10 BTC per week, which is pretty weak sauce.

wermoee

newbie

Activity: 11

Merit: 0

I know,but it was not said that you can link only credit type cards,no debits there!

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

I think they had problems with fraud, so they are using credit cards as backup funding for instant coin purchases.

wermoee

newbie

Activity: 11

Merit: 0

So i was fully verified user till now and wanted get back my instant function to work and tried to link my card,but was frustrated with the system's message:"Debit cards currently not supported.This credit card type is not supported at this time.". So if you link some it should be credit?
Didn't know that? Any comments,Coinbase? Olaf?

Topic: Coinbase and Credit cards (Read 3323 times)