For security, I could create a system where after the purchase the private key gets sent to you via email. And we send the wallet address with QR code by mail. This could maybe work?

True, but I am in the USA. Plus if I did what you are saying, and I'm taking payments by credit cards, there is no doubt that I would get arrested within a week.

no not really, just an idea

I have been trying to brainstorm business ideas for anonymous bitcoin purchase business.

Would really like some input on this idea. I'm sure some one has tried this before anyway.

Allow people to buy paper bitcoin wallets online anonymously with bitcoin loaded on them
   
-> I could accept payments by credit card (then there is the fraud problem). But to keep it really anonymous, I could offer payment by money orders, cash deposit, or ACH transfer

-> I would charge like $1-$2.50 for the actual paper wallet + free shipping. and maybe a 0.5%-0.75% fee for bitcoin and send overnight

-> The only way I could offer purchase by credit card, is wait until the payment is fully processed (about 4-5 days depending on payment processor). Once it goes through and is deposited we ship the paper wallet with your bitcoin loaded overnight.

willing to pay $90 for virwox account, pm me

You think some will just read this thread and implement it? There are a world of problems and complications to this business but it is workable. So, no I am not worried about someone stealing this idea for them selves

I never really liked xapo. Most of all i want to get rid of the bullshit when it comes to buying bitcoins, and this will not be an easy task

yes I was thinking about offering this actually

Yes, but believe I can make this work. Everything I wrote above is not set in stone, obviously. This is just an idea my friend.

There are problems with any idea, my friend. Nothing is perfect. It will take work!

haven't seen it done anywhere. I have never gone to ANY store any have seen any cards that allow you purchase bitcoin, as easily as this with no ID. Have you?

True, but the man who figures out a way to make credit card purchases of bitcoin work somehow (legal, fraud, security). Is going to make a freaking fortune

Hey! I did a lot of thinking & this thread is a follow up to the one I posted a few days ago here.
https://bitcointalk.org/index.php?topic=1347010.0

bitcoin business idea

create a service that allows people to turn their cash into bitcoin within minutes w/ no verification at all. Get bitcoin in front of the average daily consumer. Charge 5% above BTC price as my profit


1). credit cards, prepaid card, debit cards
In this business model visitors would be able to buy bitcoin on my website using their credit cards
The Pros
   -very easy to use
   -very accessible
   -extremely simple
   -very fast, user get bitcoins instantly
The Cons
   -massive legal issues
   -taxes
   -website & bitcoin security
   -massive fraud & chargebacks if I offer this with no ID verification
   -high credit processing fees
   -FinCE MSB license, and money transmitter license VERY expensive for all 50 states
   -too many expensive problems
   -doesn’t really get bitcoin in front of the “average consumer"

2). cash deposits
In this business model visitors would be able to buy bitcoin by depositing cash in amounts less than $3,000 in a business bank account, with no ID, and would receive coins in 2 hours
The Pros
   -very easy
   -very accessible
   -extremely simple
   -quick process
   -no ID verification required
The Cons
   -probably massive legal issues
   -even with a business bank account, if I start getting a few hundred bank deposits from $1-$3k that will    raise some big red flags
   -FinCE MSB license, and money transmitter license VERY expensive for all 50 states
   -taxes
   -will have to handle these manually, it will be frustrating to have to go to my computer every 10 seconds    to send bitcoin from storage


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3). Store card bitcoin purchase

You know when you go to a convenience store like CVS and Walgreens & you see the kiosks with gift cards like Xbox One points, Best buy gift card, Green Dot Money paks etc? You also see smaller kiosks by the front register.

This is is exactly what I want to do. My idea is to create my own cards like these that allow you to buy “FIAT Credits” for my website. The limits would be $20-$999 purchase.

The Example:

The card itself would cost $1.50 & You would go the resister and load it from $20-$999, let’s say you have $600. You have loaded $600 onto the card, and purchase credits. It would go as $1 = 1 FIAT credit. (The card would have instructions also)

You would then go to the website, create an account & enter your number on the back of the card.

Once you do this your $600 would show up as “FIAT credits” not actual cash.

Lastly, once inside the site. You will be able to instantly convert your credits to bitcoin. The credits would basically act as cash. Again, $1 USD = $1 FIAT credit (For the USA, it would be done as the equivalent in other currencies).

****I would also allow purchase of these cards online. If someone try’s to commit fraud with stolen credit card information. I would know within a few days & I will just void the gift card numbers that they purchased online before they arrive. For that reason, I would not offer overnight shipping for online card purchases.

You could also purchase FIAT credit by bank transfer. Once received by us and verified, your account will be filled with your purchased FIAT credits***

Limits:

-Convert up to 3,000 FIAT credits per day into bitcoin. Anything more would require an ID verification & bank account verification. But once you are fully verified you would be allowed to convert up to 30,000 FIAT credits per day.
-Buy up to 20,000 FIAT credits per bank transfer with no id what-so ever.  Anything more would require an ID verification & bank account verification. But once you are fully verified you would be allowed to buy up to 50,000 FIAT credits per transfer.

The Pros
-VERY easy
-VERY simple
-I make money selling the cards & selling the bitcoin itself
-Since we would be in stores like CVS, Walmart, Walgreens. Bitcoin would get in front of the eyes of many “average” consumers
-taxes would be a lot lower, Just sales tax on the $1.50 card purchase. And regular business taxes. Whatever you loaded would be credited towards the card
-no id needed for regular purchases, it would be needed for larger purchases

The Cons
-not sure, but it might be harder to get into stores like Walmart & CVS

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Let me know what you think! Would like some input on this!

Ok awesome, will look into that. But to start off I think I will offer bitcoin purchases by cash deposit at banks/credit unions.

Just brainstorming here, but I am thinking I should do it like this. Bitcoin purchases of $3,000 & below using cash deposit require no ID verification. Just the proof of bank deposit w/ receipt. Anything more requires 2-forms of ID verification, Delivery time would still be the same.

This whole thread is for brainstorming. But, my question exactly, what would convince you?

good points, I can see why there aren't many sites that offer this. I still want to move with this idea & maybe offer cash deposit/wire transfer payments. Like bitquick.co but much faster.

greatest innovation? have you heard about the internet?

This seems this is going to be quite an expensive startup, I am thinking of offering cash deposit payments & wire transfers. Because they are secure & and I can send bitcoin orders out quicker too because I would just have to verify the deposit in my bank account.

I live in the United States. Bitcoin is taxed as property by the IRS, maybe I could sell it as that somehow online? not sure, i have a lot of research to do...

Hello, bitcointalk!

I have wanted to own a bitcoin business for a while now. There have been services that come and gone in the past but most no one really offers a simple, easy, reliable way for anyone to buy bitcoin using a credit/debit card. I want to develop a site that would allow novices and experts to easily purchase bitcoin using prepaid card or credit card, without having to go through a ton of processes to get their coin & being bombarded with massive fees. In a relatively quick time.

I am an experienced web developer with a fair amount of knowledge in bitcoin.

My questions:

1). How should I set this up legally so that I am abiding by the laws & paying the right taxes? (I am looking for a bitcoin lawyer, if I can find one)

2). What type of verification could I go through that my visitors know that this is a legitimate service and not some scam site?

3). For security purposes I am thinking of handling all orders manually from my cold storage vault and delivering within 24 hours, thoughts?

4). I obviously don't know everything at the moment, so what major problems should I look out for when it comes to this?

5). What are your overall thoughts & concerns about this idea?

Here are some photos of what I have developed so far