Bitcoin Forum
May 26, 2024, 07:54:02 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Buy bitcoins with your credit card  (Read 2279 times)
buybitcoinbycreditcard (OP)
Donator
Newbie
*
Offline Offline

Activity: 10
Merit: 0



View Profile WWW
January 30, 2013, 07:43:39 AM
 #1

Hello.

We have been released our website.

You can buy bitcoins with your credit card.
No need bank wire. So we will send your bought bitcoins in instantly.

It may sound high, but you may want to use us on urgent business.

Please visit us.
https://buybitcoinbycreditcard.com/

We will notice our stock information on twitter.
Please follow us, if you have an account.

https://twitter.com/buybitcoinbycc

Thank you.

16yypxGNRfhLJEQF1EUPB3R6uijEtDv5Pa
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
January 30, 2013, 07:57:38 AM
 #2

The convenience of buying bitcons with a credit card is great.

However, unfortunately there are several serious show stoppers to this kind of business.

1. Visa and Mastercard hate Bitcoin and will shut you down at the first possible opportunity when hearing about your business model.
2. People will get stolen cards and fake identity documents, and empty you of bitcoins.
3. People will do chargebacks and claim they never got the bitcoins. A bitcoin transaction reference number is not worth as much as a tracking number for physical goods in the mail, thus you will experience chargebacks.

In general bitcoin do not mix well with reversible payment methods.

From the user standpoint, sending identity papers to an unknown entity in Japan with no track record, is very risky. There's no guarantee that there will be no identity theft.

As much as I love new bitcoins services, many people have tried running a business like this before you, and have failed, since you don't bring anything new to the table, this business model is dead.

If you still want to go ahead after these warnings, I can do nothing else but wish you good luck. We need bitcoin sellers, but we don't need sellers to be scammed.
John (John K.)
Global Troll-buster and
Legendary
*
Offline Offline

Activity: 1288
Merit: 1226


Away on an extended break


View Profile
January 30, 2013, 08:14:41 AM
 #3

Anyone willing to buy with this markup of ~2.2x should be deemed suspicious.
buybitcoinbycreditcard (OP)
Donator
Newbie
*
Offline Offline

Activity: 10
Merit: 0



View Profile WWW
January 30, 2013, 09:12:37 AM
 #4

The convenience of buying bitcons with a credit card is great.

However, unfortunately there are several serious show stoppers to this kind of business.

1. Visa and Mastercard hate Bitcoin and will shut you down at the first possible opportunity when hearing about your business model.
2. People will get stolen cards and fake identity documents, and empty you of bitcoins.
3. People will do chargebacks and claim they never got the bitcoins. A bitcoin transaction reference number is not worth as much as a tracking number for physical goods in the mail, thus you will experience chargebacks.

In general bitcoin do not mix well with reversible payment methods.

From the user standpoint, sending identity papers to an unknown entity in Japan with no track record, is very risky. There's no guarantee that there will be no identity theft.

As much as I love new bitcoins services, many people have tried running a business like this before you, and have failed, since you don't bring anything new to the table, this business model is dead.

If you still want to go ahead after these warnings, I can do nothing else but wish you good luck. We need bitcoin sellers, but we don't need sellers to be scammed.

We will pay attention to the risks.
Thank you for your advice.



16yypxGNRfhLJEQF1EUPB3R6uijEtDv5Pa
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!