IQOptions would like to let you know that a different Merchant Category Code (MCC) for transactions was assigned by Mastercard to all online trading companies, including IQOption.
The code change signifies a separate category of transactions, which can take longer to process due to additional monitoring from Mastercard. There is a possibility that it may lead to a slight decrease in the number of processed card payments in Thailand, India and Sri Lanka, and temporarily reduce deposit conversion rate in these countries.
The good news is that IQOption is prepared for these changes and they already taking the necessary steps to keep deposits coming: adding popular local payment systems and providing users with alternative deposit methods.
So, should users from Thailand, India and Sri Lanka face any difficulties with Mastercard transactions, there is a variety of other deposit methods available for them:
- AstroPay Card
Users from Thailand can also make deposits using the following local banks directly:
- Bangkok Bank
- Kasikorn Bank
- Krung Thai Bank
- Siam Commercial Bank