Coinbase blames Visa for glitch that overcharged users [TechCrunch Blog]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: TechCrunch Blog
Hi! While Coinbase has had its fair share of technical issues the last few months, it seems the latest one may not be their fault. Earlier today reports started coming in across social media and reddit that Coinbase users were seeing strange charges on their credit and debit cards. Many of these were users being double-charged for a past transaction, although there were also some (unconfirmed) reports of people being hit with as many as 50 duplicate charges . Understandably, users have been freaking out. It’s never fun to be charged more than you should have been, especially when it overdraws your bank account or maxes out your credit card. While it was initially unclear what was causing the issue (some were even alleging that Coinbase was withdrawing unauthorized money out of user’s bank accounts) we’ve now heard from Coinbase and have some clarity on what happened. According to Coinbase, the issue was a problem related to their credit card proce
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MA
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Sec Filings
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- 4/16/24 - Form 3
- MA's page on the SEC website