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April 3, 2020

Covid-19: Crypto.com waives fees and offers rebates to cardholders

Crypto.com, a payments and cryptocurrency platform, has announced a series of measures to support customers in the wake of coronavirus (Covid-19) pandemic.

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The cryptocurrency firm said that for the next three months it will waive credit card charges on crypto purchases for all its users.

It also announced a set of measures to support its cardholders and other users.

Crypto.com Covid-19 measures

The crypto platform has waived off 3.5% credit or debit card fee on crypto purchases for all its users.

Crypto.com’s metal (MCO) cardholders can receive up to 10% rebate on purchasing groceries and food deliveries, while its plastic cardholders can receive up to 5% rebate.

These rewards are capped at $25 monthly for 5% rebates and $50 monthly for 10% rebates.

The delivery partners include Uber Eats, Deliveroo, Foodpanda, McDonald’s, Domino’s Pizza, and Walmart.

Additionally, Crypto.com Pay users can earn 2x rewards on gift card purchases of food and grocery deliveries from select stores.

For food and beverage purchases, users can receive up to 20% rebate, while for grocery purchases they can get up to 10% rebates.

The rebates will be applicable to stores like Tesco, Whole Foods, Safeway, Carrefour, Sainsbury’s, Just Eat, Papa John’s, and Dominos.

Initially, the rebates will be applied within 2-3 business days.

Crypto.com co-founder and CEO Kris Marszalek said: “The global Coronavirus pandemic has affected everyone’s lives and is now ravaging the economy.

“In these tough times, businesses that are in a fortunate position to be growing have a responsibility to give back.

“Today, we’re introducing three measures which we hope will make the next three months slightly easier for our users globally.”

The new measures will be available from 2 April 2020 to 30 Jun 2020.

Free Report
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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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