Caxton FI Cards

Discussion in 'Motorhome Chat' started by wiljoy, Apr 18, 2016.

  1. wiljoy

    wiljoy Funster

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    Just had an email from Caxton which will affect all its card holders. From June 9th a new ruling by out EU geeks states that certain merchants will no longer accept Mastercards that are prepaid. This I assume will be all prepaid cards and not just Caxton. Just another reason to get away from this dictatorship called the EU.
     
  2. Autowbars

    Autowbars Funster

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    We have already had that happen this year in Belgium
     
  3. NickNic

    NickNic Funster Life Member

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    That's not actually what the ruling says. It came out several months ago so this isn't new.

    The ruling has nothing to do with merchants and doesn't affect them at all, instead it sets out new requirements for card issuers.

    What it will mean is that card issuers will have to verify the identity of the people they issue cards to.

    Virtual currencies like Bitcoin are also included - users will have to confirm their identity when converting their Bitcoins back to real cash.

    I don't see any particular problem with it personally.
     
  4. Autowbars

    Autowbars Funster

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    Nicknic, I don't understand that, I have had the card years with no probs
     
  5. Snowbird

    Snowbird Funster Life Member

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    Caxton used to be Visa. When it was Visa I never had any problems with it. Since they changed to Mastercard several places have refused it. Once my Caxton card is empty I will not be topping it up.
     
  6. NickNic

    NickNic Funster Life Member

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    It probably doesn't affect all the issuers but not all of them carry out the same identity checks before issuing a card that a conventional card issuer, a bank for instance, would.

    From June they will have to do so.

    It's France that has driven this and it's watered down quite a lot from what they wanted.
     
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