Bitstamp Credit Card Purchases

[Squofis]

After 4-5 weeks of waiting to get verified, I'm finally in! I had planned on buying btc on coinbase and transferring to bitstamp and then change from btc to xrp. Now I see bitstamp accepts u.s. credit cards and they have to be 3d secure. I called visa to make sure and I'm good. I tried to purchase 1000xrp but bitstamp says the card issuer wouldn't process the payment. I did this while I was on the phone with visa and they approved it after seeing it on their end. Ive tried multiple times to purchase but get the same results. I'm using the same amount of usd every time because visa approved that amount. Anyone else have this problem or have suggestions? I have emailed bitstamp support but I know it could be days/weeks before I get a reply.

 

[fjk87]

Bitstamp changed the way transactions are processed recently. To my best knowledge, now they're processed as 'currency exchange' rather than flatfline deposit - which causes issues for more than $ / € 500 a day according to mastercard.

[Squofis]

29 minutes ago, fjk87 said:

Bitstamp changed the way transactions are processed recently. To my best knowledge, now they're processed as 'currency exchange' rather than flatfline deposit - which causes issues for more than $ / € 500 a day according to mastercard.

I'm not doing a deposit. I'm just trying to buy with the credit card. I've tried every amount ($100 us - any amount).

[fjk87]

It's not about what you're doing, the transaction from VISA/Master to bitstamp is classified the way I described - that's what mastercard told me.

I was able to easily deposit several thousands a day via creditcard into bitstamp, right now it's only 500 a day due to this limit which is issued by the creditcard company itself.

[Squofis]

4 minutes ago, fjk87 said:

It's not about what you're doing, the transaction from VISA/Master to bitstamp is classified the way I described - that's what mastercard told me.

I was able to easily deposit several thousands a day via creditcard into bitstamp, right now it's only 500 a day due to this limit which is issued by the creditcard company itself.

So I should try and deposit first with the credit card and then purchase from my funds available?

[fjk87]

I'm not sure if that will help, if you read what I posted above, it doesn't make a difference if you deposit first or try to buy currency. Best is to get on call with your CC company and ask for more clarification why it got denied exactly.

My bet is still the way these transfer are marked and processed as on the creditcard end.

[Squofis]

Thanks for your info. Ill call them again.