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Why does Bitstamp not accept Mastercard from all customers
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Topic: Why does Bitstamp not accept Mastercard from all customers (Read 399 times)
Bitcoinpro
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Why does Bitstamp not accept Mastercard from all customers
January 09, 2016, 06:59:00 AM
#1
says in their webpage only accepting from certain countries using mastercard
sounds kinda strange why not any user with a Mastercard
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VirosaGITS
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Re: Why does Bitstamp not accept Mastercard from all customers
January 09, 2016, 07:04:52 AM
#2
Quote from: Bitcoinpro on January 09, 2016, 06:59:00 AM
says in their webpage only accepting from certain countries using mastercard
sounds kinda strange why not any user with a Mastercard
Mostly for insurance and also protection against fraud. The risks are different depending on who they are serving. But if ID verification is possible, then it should be okay for most countries. Pretty much how CEX.IO does it.
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Bitcoinpro
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Re: Why does Bitstamp not accept Mastercard from all customers
January 09, 2016, 07:22:33 AM
#3
Quote from: VirosaGITS on January 09, 2016, 07:04:52 AM
Quote from: Bitcoinpro on January 09, 2016, 06:59:00 AM
says in their webpage only accepting from certain countries using mastercard
sounds kinda strange why not any user with a Mastercard
Mostly for insurance and also protection against fraud. The risks are different depending on who they are serving. But if ID verification is possible, then it should be okay for most countries. Pretty much how CEX.IO does it.
Ive only just started thinking about it and im getting the idea its for bitcoin distrobution reasons other than mastercard related reasons,
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Re: Why does Bitstamp not accept Mastercard from all customers
January 09, 2016, 08:33:19 AM
#4
maybe there are some restriction due to the fact that many bitcoin card are mastercard and not visa
and also mastercard is not very well pro bitcoin, they mentioned many time their bad sentiment against bitcoin
Bitcoinpro
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Re: Why does Bitstamp not accept Mastercard from all customers
January 09, 2016, 08:36:43 AM
#5
Quote from: Amph on January 09, 2016, 08:33:19 AM
maybe there are some restriction due to the fact that many bitcoin card are mastercard and not visa
and also mastercard is not very well pro bitcoin, they mentioned many time their bad sentiment against bitcoin
I just didnt add visa to my statement you have made a good point though
they are treating two different cards under the same country restiction banners
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Re: Why does Bitstamp not accept Mastercard from all customers
January 09, 2016, 11:40:14 AM
#6
They re expanding the number of countries quite fast. First it was US, UK and Slovenia. Now Italy and Germany as well. I m sure they ll cover Europe in a couple of weeks and this is quite good since I ve had nothing but great experience with Bitstamp.
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Re: Why does Bitstamp not accept Mastercard from all customers
January 09, 2016, 11:46:11 AM
#7
mastercard has been lobbied to not work in places like russia (it was big news a couple years ago)
also there is alot of fraud in some third world countries, so mastercard doesnt work in those either.
you will find that non bitcoin services such as paypal, amazon, etc also have the same problem as bitstamp in regards to mastercard acceptance.
its not bitcoin specific. its government regulations and chargeback scamming specific
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