Circle Investigating Cash Advance Issue Reported By Some Customers
Circle's a brand-spanking-new bitcoin company out of Boston, and their Coinbase-like services are in beta (users are slowly getting invited to try out the platform). That inevitably means that they are expected to encounter issues while they perfect their product. One such issue, reported by a number of customers, was that upon purchasing bitcoin using the service, the end user was being charged by their credit card companies as if the transaction was a cash advance as opposed to a purchase. What that means is hefty fees in many cases, which is certainly not the intention on the part of....
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Bitcoin financial services startup Circle Internet Financial has issued at least one user a $50 credit in order to help refund that customer for possible cash advance fees he may have incurred using the service. Circle, which is currently undertaking a closed test of its platform, appears to be responding to criticisms regarding the charging of cash advance fees, a common headache experienced by those attempting to buy bitcoin with a credit card. As previously reported by PandoDaily, the company was made aware of the cash advance fees and, at the time, promised to investigate the issue. In....
It was just several days ago we reported on an issue some Circle Internet Financial users were experiencing. If you're not up to date, here's how it went. Some users of the new service (which is in invitation-mode only at the moment) had reported being charged fees by their financial institutions for taking out cash advances, when in actuality they were just buying bitcoin at Circle. Those cash advances come with hefty fees, and Circle previously made the following statement: We've become aware that some credit card issuing banks are erroneously processing settlements as cash advances. It....
Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding. As reported by Fortune, Circle is raising the funds at a valuation of $200m, citing persons with knowledge of the negotiations. A representative for Circle declined to comment. The move, if confirmed, would represent Circle's largest funding effort to date. Circle raised $17m in a Series B round last year, following an earlier $9m in Series A funding from 2013. The funding would raise Circle's total investment to $66m. Circle
The US is starting to follow Europe down the 100% digital cash path – but does the mainstream media see Bitcoin as part of the solution? 3 Reasons for Ditching Cash. An article in this weekend’s New York Times gave the example of Sweetgreen, a chain of healthy-eating restaurants. After noting that cash transactions had declined to under 10% of totals and....
Anyone with iOS 10 will soon be able to use blockchain payments app Circle to send and receive payments directly within Apple’s iMessage app. Circle for iMessage represents a major step in the evolution of social message payments in the West, similar to what has already happened in China. Circle for iMessage is available from the App Store. Users updating to iOS 10 will automatically have Circle for iMessage. Send And Receive Within iMessage. Users will be able to send dollars, pound sterling, euro and bitcoin to anyone directly inside of iMessage. They will fund payments and cash out....