Bitcoin Forum

I know most websites use bitpay so that customers pay with BTC and bitpay acts as an exchange before sending money to the merchant's bank account in fiat, but I'm looking for the exact opposite.

I would like a service where my customers would pay for my products with credit cards, and the service would act as an exchange to send BTC straight to my wallet.

Otherwise, I could use a standard credit card system, with a delay and a fee before the fiat arrives to my bank account, then another delay to send the money to an exchange, and another delay and a fee to buy BTC, and finally I would have to move with a fee the money from my account at the exchange to my own personal wallet. Slow and inefficient!!!

Anyone knows such a service?
Thanks.

Most likely there is no such service. The problem lays in the difference of the transactions nature in both networks: bitcoin payments are irreversible while credit card transactions are reversible, so no one would take that risk;

And a nice easy way of using fraudulent credit card information.

There would be a lot of fraud, which is why this service doesn't exist.

I understand that so well! I would take the risk. If BTC goes down and my customer wants a refund, I would have to pay him more that I received.

Well, I wouldn't have access to it. Only the service would, just like with paypal today.

But you (or whoever was using the service) would have the money in Bitcoin, which couldn't be reversed, and the service provider would be out of pocket when all the fraudulent credit card transactions were reversed.
Why would a service provider take that level of risk?

well, I would imagine one service provider that would provide the service to you with one condition: it will send a payment to your bitcoin wallet 45 days after the actual CC transaction took place.

That would be quite long, but 48 hours would be fine with me.

This is not feasible: read all comments above.

45 days in my example is the period during which the cardholder has the right to initiate the charge-back procedure. As you are going to do online business, that means that the cardholder is supposed to supply at the checkout page of your site the card-holder name embossed on the card, the card number itself and CVV/CVC code printed on its back side on the signature stripe. After that and when the goods/services are delivered the dishonest cardholder may claim to its bank that he did not place that order, that the card data was stolen/whatever and usually such a bad guy has necessary proofs. So, his bank starts the charge-back that in such cases most likely accepted by the payment system. Then, the payment system charges the merchant the amount due. The over option that the card data entered was really stolen and the transaction itself is fraudulent, but the consequences are the same. This is how it works and this is why nobody would provide you with immediate final (irreversible) payments of bitcoins to your wallet at the time the CC transaction is processed.

My business is about digital goods, with delivery minutes after the customer fills the payment form.

Receiving BTC would not be much different from a foreign order. I get regularly payments in euros and dollars, and all that is changed into another currency to go to my bank account. It happens sometimes that if a customer would ask for a charge-back, the money that was sent to my credit card processor isn't there anymore.

So I still think it could work. I guess I'll have a closer look at the ways services such as video-on-demand or nude chats work.

Would you take a risk of sending BTC to someone being informed that some times you will be charged back by the payment system?

Why dont you want to exchange the bitcoins at btc-e after payment?

Well, I don't need btc-e if all I want is exchange BTC. And BTC work perfectly. No cancellation possible, it's the best way of doing business. My only worry is that very few people use this currency yet, so I would like to get customers paying with credit cards. If I can't, I'll just stick to BTC. We see more and more people stopping all business with paypal as there are too many people cancelling their orders, we'll see if all those people get into the BTC bandwagon.