Circle Offering Some Users $50 For Credit Card Issues
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....
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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....
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....
Prepaid credit cards are not new. However, a prepaid credit card that can be funded with bitcoins is. The BitcoinCard is a credit card that can be funded via BTC. Don't get too excited though, as this card does not let you transmit bitcoin via the card. Despite the website's UK top level domain, the company informed us that the card primarily holds Euros. When we contacted The Bitcoin Company, who are offering this card, a representative told us: "The card works as a normal prepaid credit card. The difference is users can buy it with bitcoins, and fund it with bitcoins." It's not clearly....
It was recently noted that Circle Internet Financial had mobile applications for iOS and Android in the works. In fact, the Boston-based company demonstrated their mobile applications in London last month, but we haven't really gotten a good look at the Android version of the app. Until today. Kind of. Nat Tarbox, Product Designer at Circle, posted an image this week offering users a very tiny glimpse as to what they can expect the Android version of the app to look like. Here it is: It's certainly got something in common with the Circle website, and that's that it looks clean and spiffy.....
The legacy, balkanized financial system was laid bare on the 29th of September in a reddit thread where users from around the world shared their experience of purchasing bitcoins from Circle, a VC-backed company, which finally announced open registration for all customers across the globe after months of testing by invite only users. While Bitcoin proved itself to be global with users across the world providing feedback on their ability to purchase bitcoins via Circle with a credit or debit card, the inconsistent payment processing by banks showed the legacy system to be very much....