Mastercard refuses to "add funds" to Goldmoney account

I tried 2 different Mastercards today to add funds to my holding. Both cards had zero balances. Both transactions were declined. A phone call from one M/card bank explained that Mastercard now has a policy that declines this type of transaction as being "quasicurrency" related. The Gmoney account is on their list. I explained that it was a simple funds transfer to buy gold not cryto etc. They said no.

Comments

  • GoldIsCurrencyGoldIsCurrency Posts: 1,808 Gold ✭✭✭✭✭
    Weird considering MasterCard was the issuer of Goldmoney cards.

    It would be nice if the Goldmoney team starts answering some of the questions up here.
  • maomao Posts: 15 Tin ✭
    I SPOKE TOO SOON....

    One bank (MBNA) told me Goldmoney was "quasicurrency". Bank of Montreal phoned me and unblocked the transfer of funds for me.
    I apologize for hitting the roof too soon. Guess it depends on the professionalism and intelligence of the bank. I am slicing the one card and keeping the other.

    cheers.
  • BigMouseBigMouse Posts: 137 Bronze ✭✭✭
    That's wired. I have never had issue with Mastercard funding options with holding account. Cann't wait for GM to add ACH transfer like the personal account has.
Sign In or Register to comment.