Post
Topic
Board Announcements (Altcoins)
Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card
by
sebr1ng
on 01/09/2017, 09:13:46 UTC
What was that 1% on every transaction. There were rumours before, but now I can't seem to find this info (maybe I'm getting blind  Shocked). If the 1% is still in the game - how does it work, since some card versions give 0,75% cashback?

1% is how much you get CHARGED for every transaction

They are no longer charging the 1% to users - the 1% will come from the merchant interchange/payment fees. The funds go into the asset contract. You can see this confirmed on website FAQ and here: https://medium.com/@monaco_card/monaco-dev-update-cryptocurrency-in-every-wallet-part-1-c2b5c847d151

Thanks for the clarification and the link.