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The war in Ukraine is persisting. Various economic sanctions have been imposed to counter Russia's military actions. Visa and Mastercard are following suit and have decided to discontinue their activities in Russia completely.
But what does this mean for consumers (cardholders) and traders? We list the consequences for you here.
Currently very few payments using payments cards from Russia are made in Belgium. But some traders may be wondering whether they will still get their money after a Russian customer has used his or her debit or credit card. However, we can reassure them, because when a foreign payment card issuer (such as a Russian bank) is excluded from the card scheme as a result of government sanctions or initiatives, payment using the payment cards of this foreign card issuer is no longer possible in Belgium. These payment cards are therefore refused by online payment terminals.
However, for payments that took place before the blocking, we ask the merchant to be extra vigilant. If you have not yet collected authorised transactions that took place before the blocking, we recommend you to contact your payment service provider (Acquirer) immediately.
Please contact your banker (cardholder) or your payment service provider (trader). They will be happy to help you. You can also always email email@example.com.