Turn off payment by cryptocurrency?


#1

Just got home from shopping to find that I’d run out of fiat and my card was merrily using my Bitcoin (without ever asking me if that’s what I wanted to do).

That’ll probably turn out to be the most expensive shopping I’ve ever done.

How do I turn this crazy setting off?


#2

You might be abled to deactivate the crypto account but I do not know what’s happening then.

As far as I learned it your :r: account is one. So when I spent 100 USD and my balance on the USD acc is only 90 USD :r: will use my base acc in EUR. So it is logical that the next best acc is used. Do you have other acc than crypto and your basic currency?

edit: no second currency would cause a refused payment, right?


#3

Ah man, that’s crazy. I could understand if we were holding stable cryptocurrencies but Bitcoin etc. are deflationary. If I spent £1000 of Bitcoin on shopping today (hypothetically speaking) that could be worth £10000 in a year, meaning I just lost £9000. It’s nuts.

I also have Euro, but that was empty.


#4

Indeed, this is economically speaking a possible disaster. On the other side most crypto fans want to see those as an established payment method. (Those aren’t currencies ^_^)

In addition: this is the disadvantage of a prepaid card. For that reason I always carry my Visa as well.

Also: I’d recommend to post that in “Ideas”. The option to protect accounts. Maybe someone already did.


#5

Just deactivate the BTC account. You will keep the funds, but you won’t be billed for your shopping from this account


#6

Ah great, so there is a way. Thanks guys