Coinbase charged customers multiple times for purchases
1:14

Coinbase charged customers multiple times for purchases

Privacy
Digital currency exchange Coinbase is having issues. Coinbase is a digital currency exchange. Meaning it's a place where you can buy and sell things like BitCoin and Ethereum. Over on the Coinbase sub Reddit, there are a number of post saying that some customer are seeing their bank accounts emptied because they're being charged multiple times for the same purchase. One user said Coinbase took five times the amount they authorized. Another said, they were subject to 50 duplicate charges costing $67,000. Coinbase issued a statement saying it is investigating the issue. The company wrote in their tweet that Visa was at fault because it was reversing and recharging transactions due to changes made on Visa's part. Visa issued a statement essentially saying Nope. It wasn't us. Visa's official statement says, "Visa has not made any changes that would result in the duplicate transactions that are being reported. We are also not aware of any other merchants who are experiencing this issue." In a blog post, Coinbase says it will ensure that any affected customers will be refunded in full. Refunds will occur over the next few days. If you've been affected by this issue, go to support.coinbase.com. If you wanna know more about digital currency, we've got some great explainers on cnet.com. I'm Iyaz Akhtar and I'll see you online.

Up Next

Watch Samsung Introduce Galaxy Buds 2 Pro
samsungevent-galaxybuds2

Up Next

Watch Samsung Introduce Galaxy Buds 2 Pro

Make Your iPhone Faster by Clearing the Cache
cachecnet

Make Your iPhone Faster by Clearing the Cache

Nasal Sprays Could be the Most Effective Weapon Against COVID
nasal-sprays-2

Nasal Sprays Could be the Most Effective Weapon Against COVID

The Future of Eye Exams Lies in VR Headsets
heru-12

The Future of Eye Exams Lies in VR Headsets

How Apple and Google Make Photobombs a Thing of the Past
photobombpic-cnet

How Apple and Google Make Photobombs a Thing of the Past

Black Holes: Space's Biggest Puzzle Explained
black-holes-seq-00-10-57-07-still001

Black Holes: Space's Biggest Puzzle Explained

Pixel 6A vs. iPhone SE: The Cameras Are Surprisingly Different
pixelvsiphone-camcompare-screengrab3

Pixel 6A vs. iPhone SE: The Cameras Are Surprisingly Different

Fitbit Charge 5 or Mi Band 7: Fitness Tracker Comparison
nested-sequence-02-00-00-11-13-still001

Fitbit Charge 5 or Mi Band 7: Fitness Tracker Comparison

Testing iOS 16 (Edit/Delete Sent Messages, New Lock Screen and More!)
cnet

Testing iOS 16 (Edit/Delete Sent Messages, New Lock Screen and More!)

Tech Shows

The Apple Core
apple-core-w

The Apple Core

Alphabet City
alphabet-city-w

Alphabet City

CNET Top 5
cnet-top-5-w

CNET Top 5

The Daily Charge
dc-site-1color-logo.png

The Daily Charge

What the Future
what-the-future-w

What the Future

Tech Today
tech-today-w

Tech Today

Latest News All latest news

Is It Time to Finally Buy an Electric Car Under the New Tax Credit Rules?
ev-credits-00-08-35-16-still170

Is It Time to Finally Buy an Electric Car Under the New Tax Credit Rules?

Galaxy Watch 5: My First 2 Days With Samsung's Watches
watch-5-thumb

Galaxy Watch 5: My First 2 Days With Samsung's Watches

When Is the iPhone Flip Going to Come Out?
apple-stuff-ep-8cnet

When Is the iPhone Flip Going to Come Out?

Ask Farnoosh: Can I Afford Having a Baby in a Recession?
farnoosh-3

Ask Farnoosh: Can I Afford Having a Baby in a Recession?

Motorola Razr 2022 Arrives to Challenge the Galaxy Z Flip 4
screen-shot-2022-08-11-at-16-51-32.png

Motorola Razr 2022 Arrives to Challenge the Galaxy Z Flip 4

Comparing Samsung Galaxy Z Fold 3 and Z Fold 4 Specs
fold-3-vs-fold-4-comparison-00-02-45-01-still001

Comparing Samsung Galaxy Z Fold 3 and Z Fold 4 Specs

Most Popular All most popular

Is It Time to Finally Buy an Electric Car Under the New Tax Credit Rules?
ev-credits-00-08-35-16-still170

Is It Time to Finally Buy an Electric Car Under the New Tax Credit Rules?

When Is the iPhone Flip Going to Come Out?
apple-stuff-ep-8cnet

When Is the iPhone Flip Going to Come Out?

Everything Announced at Samsung's Unpacked Event
samsung-unpacked-event-supercut-3

Everything Announced at Samsung's Unpacked Event

Motorola Razr 2022 Arrives to Challenge the Galaxy Z Flip 4
screen-shot-2022-08-11-at-16-51-32.png

Motorola Razr 2022 Arrives to Challenge the Galaxy Z Flip 4

Make Your iPhone Faster by Clearing the Cache
cachecnet

Make Your iPhone Faster by Clearing the Cache

Galaxy Watch 5: My First 2 Days With Samsung's Watches
watch-5-thumb

Galaxy Watch 5: My First 2 Days With Samsung's Watches

Latest Products All latest products

Galaxy Watch 5: My First 2 Days With Samsung's Watches
watch-5-thumb

Galaxy Watch 5: My First 2 Days With Samsung's Watches

Samsung Galaxy Z Flip 4 and Z Flip 3 Specs Compared
220809-yt-galaxy-z-flip-4-vs-z-flip-3-v2

Samsung Galaxy Z Flip 4 and Z Flip 3 Specs Compared

Samsung Galaxy Z Fold 4 First Take: Bigger Cover Screen, New Cameras
jje-9771

Samsung Galaxy Z Fold 4 First Take: Bigger Cover Screen, New Cameras

MacOS Ventura Public Beta: The 3 Best New Features
thumb1

MacOS Ventura Public Beta: The 3 Best New Features

What You Should Know About the Nothing Phone 1
nothingphone1-cms

What You Should Know About the Nothing Phone 1

New WatchOS 9 Features Coming Soon to Apple Watch
p1050672

New WatchOS 9 Features Coming Soon to Apple Watch

Latest How To All how to videos

How to Clean Your Keyboard's Sticky Keys
3keyboards

How to Clean Your Keyboard's Sticky Keys

How to Play Games from PlayStation Plus on PC
psstill

How to Play Games from PlayStation Plus on PC

How to Delete or Disable Your Instagram Account
phoneonorange

How to Delete or Disable Your Instagram Account

Fix Your iPhone Screen With Apple's Self-Service Repair Kit
dsc00641

Fix Your iPhone Screen With Apple's Self-Service Repair Kit

How to Buy a Budget Laptop in 2022
budgetlaptops-00-08-35-15-still001

How to Buy a Budget Laptop in 2022

Google Pay: How to Set Up and Use
googlepay-inhand

Google Pay: How to Set Up and Use