Identification required for transactions enabling the purchase of cryptocurrency

VISA 01/04/2018

What is changing?

Visa requests more details for the identification of transactions that include the purchase of cryptocurrency

What does the change mean?

Merchants under the MCC 6051 that enable the purchase of cryptocurrency (which Visa considers to be quasi-cash transactions) should send additional identifiers in both the authorization and clearing message.

How will this affect you?

Payvision will update the technical integration for merchants so that merchants offering cryptocurrency are able to send the indicators.

Effective date.

Immediately