Bitcoin Forum

Economy => Services => Topic started by: worldinacoin on October 17, 2011, 10:14:16 AM



Title: Buy Bitcoin with credit card
Post by: worldinacoin on October 17, 2011, 10:14:16 AM
Is there anyway to buy bitcoin with a credit card?  The current payment and withdrawal seems quite tedious.


Title: Re: Buy Bitcoin with credit card
Post by: error on October 17, 2011, 03:53:13 PM
Buying Bitcoin with credit card is unsafe, so it is almost never done.


Title: Re: Buy Bitcoin with credit card
Post by: worldinacoin on October 17, 2011, 04:00:01 PM
accesscoin.com seems to be offline and their domain for sale :(


Title: Re: Buy Bitcoin with credit card
Post by: evoorhees on October 17, 2011, 04:01:34 PM
Is there anyway to buy bitcoin with a credit card?  The current payment and withdrawal seems quite tedious.

The market has not yet figured out a way to do it without chargeback risk. However, a few projects are in the works to remedy this, because long term the ability to purchase with a credit card is absolutely necessary.



Title: Re: Buy Bitcoin with credit card
Post by: worldinacoin on October 17, 2011, 04:03:52 PM
Yeap without credit card and paypal, buying bitcoins is quite troublesome, having to go through Liberty Reserve, Paxum etc.


Title: Re: Buy Bitcoin with credit card
Post by: DialCoin on October 17, 2011, 04:05:11 PM
Yeap without credit card and paypal, buying bitcoins is quite troublesome, having to go through Liberty Reserve, Paxum etc.

Hi guys, whatcha talkin' about?


Title: Re: Buy Bitcoin with credit card
Post by: worldinacoin on October 17, 2011, 04:34:13 PM
I did consider dialcoin, very smart implementation but the premium is kinda high.


Title: Re: Buy Bitcoin with credit card
Post by: gusti on October 17, 2011, 04:38:53 PM
Selling with WU, check my signature if interested.


Title: Re: Buy Bitcoin with credit card
Post by: worldinacoin on October 17, 2011, 04:45:34 PM
That is a good idea, there is no charge backs for both.  Main critical issue is, if you send and the other guy doesn't you will be at the losing end.


Title: Re: Buy Bitcoin with credit card
Post by: 2weiX on October 17, 2011, 04:54:38 PM
there's a solution with google checkout somewhere on the web, but kinda expensive.


Title: Re: Buy Bitcoin with credit card
Post by: gusti on October 17, 2011, 04:56:49 PM
That is a good idea, there is no charge backs for both.  Main critical issue is, if you send and the other guy doesn't you will be at the losing end.

I will only send the btc once the transfer is confirmed, usually in less than 1 hour.


Title: Re: Buy Bitcoin with credit card
Post by: Yankee (BitInstant) on October 17, 2011, 06:11:50 PM
I did consider dialcoin, very smart implementation but the premium is kinda high.

Kinda high? Its like $5 for less than half a coin.


Title: Re: Buy Bitcoin with credit card
Post by: terrytibbs on October 17, 2011, 06:43:52 PM
http://www.btcnow.net/ is what you're talking about.


Title: Re: Buy Bitcoin with credit card
Post by: imsaguy on October 17, 2011, 10:40:07 PM
http://www.btcnow.net/ is what you're talking about.

btcnow.net starts pretty close to mtgox too


Title: Re: Buy Bitcoin with credit card
Post by: worldinacoin on October 18, 2011, 03:29:56 AM
Their prices are nearly 2-3 times the current at mtgox :(


Title: Re: Buy Bitcoin with credit card
Post by: imsaguy on October 18, 2011, 03:31:31 AM
Their prices are nearly 2-3 times the current at mtgox :(

Only because they are nearing empty.  You gotta check back often, because when they top it up, they are cheaper.


Title: Re: Buy Bitcoin with credit card
Post by: casascius on October 18, 2011, 03:34:54 AM
I have a hunch that if you sold only physical bitcoins and only shipped them to the AVS-matched address with trackable shipping and a signature required, you'd probably be safe.


Title: Re: Buy Bitcoin with credit card
Post by: imsaguy on October 18, 2011, 02:19:57 PM
I have a hunch that if you sold only physical bitcoins and only shipped them to the AVS-matched address with trackable shipping and a signature required, you'd probably be safe.

I've been hearing some rumors that both PayPal and Google have gone and unreversed transactions when shown bitcoin transaction records and an explanation, relating it to something like Facebook Credits vs 'currency'.


Title: Re: Buy Bitcoin with credit card
Post by: worldinacoin on October 18, 2011, 02:46:57 PM
Yeap I doubt Paypal will reverse this policy, however making it physical does have an advantage, at least sellers will not be hesitant as physical products are protected under Paypal policies.


Title: Re: Buy Bitcoin with credit card
Post by: worldinacoin on October 18, 2011, 03:19:07 PM
Well they can say this for anything?  I receive my Radeon card but it comes with no fans :)


Title: Re: Buy Bitcoin with credit card
Post by: imsaguy on October 18, 2011, 03:42:25 PM
Well they can say this for anything?  I receive my Radeon card but it comes with no fans :)

Exactly.  So sell something  (like your autograph or some cheap pencil) and they get "bonus" bitcoins. Happens on eBay all the time.


Title: Re: Buy Bitcoin with credit card
Post by: zer0 on October 18, 2011, 06:41:58 PM
They sell gold online w/cards but ship registered and phone the number on the card. Still not 100% scam free you will lose some orders. Also have to call it something else like game coupons.. max 200 per trans


Title: Re: Buy Bitcoin with credit card
Post by: offshoregenius77 on December 21, 2011, 08:01:26 PM
Is there anyway to buy bitcoin with a credit card?  The current payment and withdrawal seems quite tedious.

Whoever tried it would get killed by chargebacks . Best bet would be to use your credit card to deposit to buy OKPay and then exchange okpay fot bitcoin.


Title: Re: Buy Bitcoin with credit card
Post by: MelMan2002 on December 21, 2011, 08:14:42 PM
Is there anyway to buy bitcoin with a credit card?  The current payment and withdrawal seems quite tedious.

Whoever tried it would get killed by chargebacks . Best bet would be to use your credit card to deposit to buy OKPay and then exchange okpay fot bitcoin.

Since you have revived an old thread - memorydealers will sell bitcoins with credit card:
http://www.memorydealers.com/bieq.html


Title: Re: Buy Bitcoin with credit card
Post by: chungenhung on December 21, 2011, 10:17:32 PM
i would never use paypal for selling anything.
they almost always sides with the buyer.
i used to sell a bunch of things on ebay, and has then quit.
This is what happens usually:
1. buyer won the item and paid for it.
2. i shipped it out the next morning.
3. the afternoon, buyer put in a item not received dispute.
4. paypal quickly closed the case within a week, not enough time for the item to arrive.
5. try to re-open the case.
6. case gets closed the very next day.

Want to know why there are so many scammers on ebay/paypal? b/c the company don't care about anyone at all. all they care is the % cut they get.


Title: Re: Buy Bitcoin with credit card
Post by: BurtW on December 23, 2011, 08:19:39 AM
There have been three recent entries into this market.  I did use the first two - until they stopped doing business.  The third appears to still be in business but I have not used them because they ask for too much information in order to process a credit card order:

http://www.mrcoins.org (http://www.mrcoins.org) now "out of stock"
http://simplecoin.com (http://simplecoin.com) having "technical difficulties"

http://www.klooch.com (http://www.klooch.com) if anyone tries this let me know how it goes.  I am not willing to give them all the info they require at this time.

Just for the heck of it I tried to sign up for an account at http://buybitcoins.com (http://buybitcoins.com) and to my surprise it appeared to work.  Again I am not willing to give them the amount of information they request - and it kind of looked fishy since you enter your credit card info on an unsecured (http) page instead of a secured (https) page.  But again if anyone is willing to risk it let me know how it goes.


Title: Re: Buy Bitcoin with credit card
Post by: boonies4u on December 23, 2011, 09:19:25 AM
There have been three recent entries into this market.  I did use the first two - until they stopped doing business.  The third appears to still be in business but I have not used them because they ask for too much information in order to process a credit card order:

http://www.mrcoins.org (http://www.mrcoins.org) now "out of stock"
http://simplecoin.com (http://simplecoin.com) having "technical difficulties"

http://www.klooch.com (http://www.klooch.com) if anyone tries this let me know how it goes.  I am not willing to give them all the info they require at this time.

Just for the heck of it I tried to sign up for an account at http://buybitcoins.com (http://buybitcoins.com) and to my surprise it appeared to work.  Again I am not willing to give them the amount of information they request - and it kind of looked fishy since you enter your credit card info on an unsecured (http) page instead of a secured (https) page.  But again if anyone is willing to risk it let me know how it goes.

It's odd that the people who are unwilling to give the amount of info these sites are asking for are the only people i'm seeing talk about them.

They're asking for all of this info to deter chargebacks or at least have the necessary information to verify that the card was not stolen so they can go after the person issuing the chargeback.

Since you have revived an old thread - memorydealers will sell bitcoins with credit card:
http://www.memorydealers.com/bieq.html

Anyone have any news on when this (http://www.memorydealers.com/1usdcrcoinmt.html) will be available?

http://www.btcnow.net/ is what you're talking about.

btcnow.net starts pretty close to mtgox too

I wonder how long google will stand for this? lol
Also, anyone have any actual info on btcnow (as it is now)? No news is confusing news.


Title: Re: Buy Bitcoin with credit card
Post by: scarletwolf on December 30, 2011, 08:29:23 PM
why do people say buying bitcoins is hard, in canada you just walk into a bank deposit money into an account go home and within a few hrs you have your Bitcoins really easy where i live lol


Title: Re: Buy Bitcoin with credit card
Post by: boonies4u on December 30, 2011, 09:40:35 PM
why do people say buying bitcoins is hard, in canada you just walk into a bank deposit money into an account go home and within a few hrs you have your Bitcoins really easy where i live lol

There aren't chase banks in every state.


Title: Re: Buy Bitcoin with credit card
Post by: zer0 on January 04, 2012, 12:52:23 AM
MtGox (or somebody here) should use trustcash.com payment gateway. Has over 10,000 cash deposit spots in the US plus the checkout cart thing takes care of everything, no people depositing cash and screwing it up not keeping the receipt or wrong account ect. Just ask them what bank's they use and get an account there for instant near realtime deposits.

If you wanted to sell for credit cards it's possible but only if you use a 100% chargeback insurance like cashrun.com and had a huge float of coins sitting around while you wait to get cleared funds into your merchant account (takes like 3-5 days). For extra chargeback protection could charge the customer a registered letter fee, there are services in every country you can pay $5 to drop ship a registered letter with a code or something so you are at least somewhat protected.

Would still get chargebacks though, but I imagine if you jacked the fees up 10%+ could cover them easily. This of course only works if you found an 'Angel investor' and pimped your idea to them, and you aren't American, and you don't directly sell Bitcoin but a gamecard voucher or something that you can convert into BTC on the same site.


Title: Re: Buy Bitcoin with credit card
Post by: Yankee (BitInstant) on January 04, 2012, 01:16:36 AM
MtGox (or somebody here) should use trustcash.com payment gateway. Has over 10,000 cash deposit spots in the US plus the checkout cart thing takes care of everything, no people depositing cash and screwing it up not keeping the receipt or wrong account ect. Just ask them what bank's they use and get an account there for instant near realtime deposits.

BitInstant already processes instant cash deposits with our TrustCash partners depositing into MtGox, TradeHill, and Cryto X Change
www.Bitinstant.com


Title: Re: Buy Bitcoin with credit card
Post by: Coinspecial on November 18, 2021, 02:25:50 AM
Well, I can help you with a good platform you can buy Bitcoin with your credit card, regarding this, where you are making payment from matters


Title: Re: Buy Bitcoin with credit card
Post by: wheelz1200 on November 19, 2021, 12:41:08 AM
Well, I can help you with a good platform you can buy Bitcoin with your credit card, regarding this, where you are making payment from matters

Lol this thread is 9 years old I don't think these peoe are having trouble trying to find out how to buy bitcoin now. ::)

When posting here please look at the date to see if it still is relevant.  And this thread isn't.