Bitcoin Forum

Hi ,
I am wondering if there are Credit Card Processors that accept credit card transactions for businesses that automatically payout to a bitcoin wallet.
Does anyone know of a processor that will do that?

It's not a simple task.

You would need to approach from a e-wallet side a demonstrate to an acquirer that you understand the e-money business first. As you can not charge a card to buy bitcoin. You would charge a card load funds onto an e-wallet and then by bitcoin from your e-wallet. So you need to find a acquire who would take such a business but they will look through your background and experience to make a decision. As the business is high risk, they will ask for business plan, AML policy, risk managment policy, PCI DSS most likely and a licence in EU that would be PSP of E-money, marketing plan etc. If you have all of this in place then it's just a numbers game call them all and apply. If you do not it would be very hard.

From reading the above post I gather that perhaps I was not clear.

I am a business.  My business accepts credit cards.  I don't want to be reimbursed by electronic transfer in dollars to my bank account.  What I want is for a credit card processor to reimburse my wallet in bitcoin.

Does anyone know if this is done?

bitpagos.com This website its from argentina it maybe help you. Cheers

There is no service that does this AFAIK. I have looked around for a while and the only ones I see accept Bitcoin and give you fiat, not the other way around.

You can do it with Payza. They accept Credit Cards etc. And you can request your money as Bitcoin.

Ps: Payza is the good old Alertpay (there were no chargebacks disputes when it was competing paypal back then).

Thanks, but they are not credit card processors.  They accept VISA only.  I am looking for a credit card processor that processes VISA, American Express, Discover, Mastercard for the United States.

This looks promising.  I'll check it out.

I think stripe.com (http://stripe.com) has that option.