If you’ve noticed a charge labeled “Coyni Miami, FL” on your credit card statement, you might be curious about its origin. This charge is associated with Coyni, a digital payment platform headquartered at 1111 Brickell Ave Suite 1820, Miami, FL 33131.
Understanding Coyni
Coyni is a digital payment solution that empowers users to manage their finances seamlessly. The platform offers a stablecoin token (CYN) backed by the U.S. dollar on a 1:1 ratio, enabling instant and secure transactions. Users can deposit funds into their digital wallets via bank accounts, debit or credit cards, and ACH transfers. Additionally, Coyni provides features like QR code generation for direct payments and real-time payment confirmations.
Why “Coyni Miami, FL” Appears on Your Statement
The descriptor “Coyni Miami, FL” appears on credit card statements when transactions are processed through the Coyni platform. This is particularly common in industries where traditional banking solutions may be limited. For instance, some users have reported seeing this charge after making purchases at dispensaries, as these businesses often utilize alternative payment processors like Coyni.
Verifying the Charge
If you come across a “Coyni Miami, FL” charge and don’t recognize it, consider the following steps:
- Review Recent Purchases: Reflect on any recent transactions, especially at establishments that might use alternative payment processors.
- Check with Authorized Users: If others have access to your card, inquire if they made any purchases.
- Contact the Merchant: Reach out to the business associated with the charge for clarification.
- Consult Your Bank or Credit Card Company: If the charge remains unrecognized, report it to your financial institution for further investigation.
Preventative Measures
To safeguard against unexpected charges:
- Monitor Account Activity: Regularly review your bank statements for unfamiliar transactions.
- Use Secure Payment Methods: Opt for secure and reputable payment platforms when making purchases.
- Limit Card Sharing: Restrict the number of individuals with access to your credit card to minimize unauthorized use.
FAQ
1. What is Coyni?
- Coyni is a digital payment platform offering secure and instant transactions through its stablecoin token, CYN.
2. Why did I receive a charge labeled “Coyni Miami, FL”?
- This label appears when a transaction is processed via the Coyni platform, often used by businesses requiring alternative payment solutions.
3. Is the “Coyni Miami, FL” charge legitimate?
- If you’ve made a purchase at a business utilizing Coyni, the charge is valid. If not, it’s advisable to investigate further.
4. How can I dispute an unrecognized “Coyni Miami, FL” charge?
- Contact your bank or credit card company to report and dispute any unauthorized charges.
5. How can I prevent unauthorized charges from Coyni?
- Regularly monitor your account activity and use secure payment methods to minimize the risk of unauthorized transactions.
