Risevest Suspends Virtual Card Services Amid Exchange Rate Volatility

Risevest, a popular investing platform, has revealed plans to discontinue its virtual card services starting September 30, 2024.

In a recent email to its users, the company cited persistent challenges with card providers, unstable exchange rates, and delays in resolving related issues as the primary reasons behind the decision.

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Reassuring users, Risevest confirmed that any remaining balances on the virtual cards will be automatically transferred to users’ Rise wallets after the service is officially terminated.