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MCO Visa Card Update | Wirecard Suspension | New Issuer | Changes to Referral Program | Upgrade Fee Waiver
By betterspider  •  October 11, 2020
The MCO Visa Card is a fine debit card giving a nice crypto rebate of between 1% to 8%, depending on your card tier. I wrote about it previously, and I actively use it to pay for purchases like insurance (2% rebate on Ruby), groceries (10% rebate) and Grab (10% rebate). However, there are some new changes to the card, especially since Wirecard – their card issuer – filed for insolvency. Background To give you guys a quick summary, Wirecard basically filed for insolvency in June this year after its auditors found 1.9B Euros of cash on its balance sheet missing. Following the revelations of accounting fraud, the Monetary Authority of Singapore (MAS) issued a statement in September ordering it to cease payment services in Singapore and to return all customers’ funds by 14 October 2020. Wirecard had informed MAS that it was unable to continue providing payment processing...
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By betterspider
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