Coinbase international transaction fees?

[big joe 1212]

WTF is this sHIit???

woke up this morning to see this fee taken from my bank account. I had a transaction over this past weekend. I've never been charged this before.

anyone else get nailed with this??

now paying hefty fees on both ends. Not worth it anymore.

i thought they were American based?

[Optional]

Please ask them and let us all know what the charge is about?

[Auto Donk]

[big joe 1212]

Please ask them and let us all know what the charge is about?

It was my bank BkofAma charging me saying it was an international transaction. Standard 3%. So if I do instant deposits with coinbase now with my debit card I get hit with fees on both ends.

All strange to me since I've made several instant purchases before and it was never international.

I'll send coinbase an email and see what's up and report back.

[GotGreek]

its been happening with me also, whenever i use my cc to make instant transactions it charges me a international fee on top, thats why i was sad to see circle go they were free and instant no hassle bs. Coinbase seems not worth it when it costs as much as w u used to cost

[big joe 1212]

Looks like coinbase processed my transaction from Cheapside,London, England. This is why my bank is charging me international transaction fees.

fukk coinbase!

[big joe 1212]

its been happening with me also, whenever i use my cc to make instant transactions it charges me a international fee on top, thats why i was sad to see circle go they were free and instant no hassle bs. Coinbase seems not worth it when it costs as much as w u used to cost

Yea, I miss Circle.

looks like I'll be doing P2P for now on. If I do BTC, it won't be instant no more. I'm not paying all these fees especially if I'm not getting a bonus from the book.

[Sam Odom]

obviously , less 'small' transactions are not as cost effective (fees) as one large one -- also , the methods where one has to wait 3 days are cheaper

if one can... do one large transaction (3 day type) and hold , then send out as needed

then we have btc price moves to deal with. BTW -- been a good one lately

[big joe 1212]

obviously , less 'small' transactions are not as cost effective (fees) as one large one -- also , the methods where one has to wait 3 days are cheaper

if one can... do one large transaction (3 day type) and hold , then send out as needed

then we have btc price moves to deal with. BTW -- been a good one lately

yea, I'll do the 3 day wait and save the fees. I don't want to do extra and leave in there cause I fear a correction coming soon with BTC.

wont be so bad now as I can usually determine on Monday if I need to get money in the book before the weekend. With the weekday games ending soon I won't be doing too much winning/losing during the week.

[Optional]

its been happening with me also, whenever i use my cc to make instant transactions it charges me a international fee on top, thats why i was sad to see circle go they were free and instant no hassle bs. Coinbase seems not worth it when it costs as much as w u used to cost

Anyone know when this started?

Seems weird a legal licensed US business would charge Americans cards through a UK merchant account...

[big joe 1212]

Anyone know when this started?

Seems weird a legal licensed US business would charge Americans cards through a UK merchant account...

Exactly. Always was San Francisco before.

[big joe 1212]

I sent the following email to coinbase. I will update when they respond.


I bought bitcoin over the weekend using the instant option with my debit card. My bank charged me a 3% fee for the international transaction because it was processed in Cheapside, London, England. They also temporarily blocked my card because of this international transaction. Why is my transaction coming from the UK and not San Francisco like it always has before? I wouldn't have used this option if I knew it would be processed like this.

[Russian Rocket]

Get'em BJ!

...here is their number (that is not listed on their site) if you want to call them

(800) 343-5845

[big joe 1212]

Get'em BJ!

...here is their number (that is not listed on their site) if you want to call them

(800) 343-5845

Tried calling that # but it appears to be a fraud hotline.

[tatddy]

Hasidic Jews at it AGAIN?! They're a savy fukking bunch, Joe. Always finding ways to steal.

[big joe 1212]

Hasidic Jews at it AGAIN?! They're a savy fukking bunch, Joe. Always finding ways to steal.

they are behind it

[Russian Rocket]

Tried calling that # but it appears to be a fraud hotline.

That's the only way you can get a live person on the phone in that company...I'd still hit it

[big joe 1212]

Type your response ABOVE THIS LINE to reply Subject: International fees DEC 28, 2016 | 12:08PM PST Kyle replied: Thank you for contacting Coinbase Support. I’m sorry for the issues with your credit\debit card. Coinbase currently uses a payment processor located in the UK for global card processing. As a result, the transaction may appear to originate from the UK but all processing fees should remain the same as quoted on your confirmation screen and email. If your card is declining or if the verification charges haven’t appeared, this suggests that your card issuer has blocked the charges on their end. For any issues with blocked charges, please call your card issuer (the customer service number is on the back of your card) and request they permit and process purchases from ‘Coinbase.’ If you have been charged an international processing fee, it may help to contact your bank for their fee rates. If these fees are not refunded, please let us know and we would be happy to review. If you have any trouble with your card after contacting your bank, we would be happy to help. Thank you for your cooperation, and sorry again for the trouble.’ Regards, Kyle The Coinbase Team How satisfied were you with the quality of service we provided today? | | | DEC 28, 2016 | 11:21AM PST Original message joseph wrote: I bought bitcoin over the weekend using the instant option with my debit card. My bank charged me a 3% fee for the international transaction because it was processed in Cheapside, London, England. They also temporarily blocked my card because of this international transaction. Why is my transaction coming from the UK and not San Francisco like it always has before? I wouldn't have used this option if I knew it would be processed like this.

[[d01a793d162144ad5df065256bfe6abc40b292c0-862183926]]

[Russian Rocket]

^ In other words, they don't give a fukk, if your bank is charging you extra for international transactions. All the fees associated with this transaction are between you and your bank.

[chico2663]

i just bought 100 and was charged additional 3.65

[big joe 1212]

^ In other words, they don't give a fukk, if your bank is charging you extra for international transactions. All the fees associated with this transaction are between you and your bank.

Exactly! They focused their answer on my bank shutting my card off. My main concern is why are they using a U.K. Processor

[Russian Rocket]

Exactly! They focused their answer on my bank shutting my card off. My main concern is why are they using a U.K. Processor

My guess is that, because of their main business is based off of U.K. (Most likely because of the lower corp tax bracket and less regulations).
This SF address is nothing, but a facade to attract US-based customers.

http://www.endole.co.uk/company/09083955/coinbase-uk-ltd
Coinbase UK, Ltd

9th Floor 107 Cheapside, London, EC2V 6DN


Coinbase UK, Ltd is an active company incorporated on 12 June 2014 with the registered office located in City of London. Coinbase UK, Ltd has been running for 2 Years 6 Months. There are currently 2 active directors and 2 active secretaries according to the latest annual return submitted on 12 June 2016.

[Housemoney]

Why not use a CC with no FTF, and pay the card off with your debit?

[big joe 1212]

Why not use a CC with no FTF, and pay the card off with your debit?

That's something I could look into next football season if this situation still exists. Both of my current ************ have FTF.

[5918mike]

Seems like coinbase has taken a giant step backwards. They've eliminated the bank account instant buy and now with these UK charges my card gets declined.

[Optional]

Seems like coinbase has taken a giant step backwards. They've eliminated the bank account instant buy and now with these UK charges my card gets declined.

I bet it is a reaction to the john doe order the feds asked for.

I would get the hell out of dodge if a govt thought they could undermine my business like that too.

[RoyBacon]

Use Bitfinex.

I just wired a mid 5 figure out...fee for intl wire; $65. My local bank will charge $25 to receive.

BkofAma threw me to the curb after a ton of BTC transactions. They are very anti btc.

[scottgodson1985]

soo sad, bitcoin and circle where the best things to ever happen to online gaming. No coinbase only player left and wants to penetrate you with fees at every turn.

[TheMoneyShot]

I hate coinbase.

[5918mike]

My last purchase was on 12/28, hit my bank account on the 3rd and still isn't in my wallet. "Arrives today" since yesterday.

[Russian Rocket]

My last purchase was on 12/28, hit my bank account on the 3rd and still isn't in my wallet. "Arrives today" since yesterday.

right on schedule - 5 biz days is what they say it would take

[Sam Odom]

need them FAST

pay through the nose with CC , P2P or ATM purchases

or wait 4 days

[5918mike]

right on schedule - 5 biz days is what they say it would take

3-5 days is what I found, not counting the day it was bought, the 2nd for a holiday, and today when it was received that would be 5 other days. Still a big disappointment when $1000 was instant before.