Hidden Visa and Mastercard Fees on Crypto Purchases – BerTTon

Hidden Visa and Mastercard Fees

The cryptocurrency market has been taking a beating today, and the reasons for this have begun piling up. Late last week, J.P. Morgan Chase (NYSE:JPM), Citigroup (NYSE:C), and Bank of America (NYSE:BAC) announced they would be banning the buying of cryptocurrency using their credit cards. However, there have been hidden Visa and Mastercard fees introduced, and cardholders are only found out through their bank statements last week!

It turns out that both card companies decided to reclassify the way that cryptocurrencies are processed on their networks. The fees came without any warning to cardholders.

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