I am looking for a payment processor who will accept real money payments (credit cards, PayPal, WebMoney) and fund my account in Bitcoins.
Is this for online/e-commerce or retail point-of-sale? Also what country is the merchant in and where are the customers from?
I just edited that post as I just looked again and see that they don't process credit card payments.
One of the challenges to a merchant processor considering offering what you are asking is that they no longer have that link to the banking system. So currently, if the are lots of chargebacks (either fraudulent or legitimate) they always can follow the money. With Bitcoin, the buck stops right there (or, at least the trail does.) So they'ld likely want to keep a reserve, or maybe require some type of bond to protect against fraud.
If the reason you are looking for this (direct to bitoins) method is to shorten the amount of time between the funds can be spent by you, there is one solution to consider, described here:
Using the banking system, the fastest approach would be to use something that can sweep your funds once they reach your bank into a Bitcoin exchange as quick as possible.
Dwolla's FiSync would do this For example, a transfer from a Veridian credit union to Dwolla is nearly instant (hours), then to a Bitcoin exchange is just a short while as well.
So for that, you simply have your merchant processor send the proceeds to your bank account at Veridian (most merchant processors in the U.S. do this with an ACH push), and then from the moment those funds are credited in your bank account at Veridian it could be just a matter of minutes (e.g., within an hour) before those funds would sitting at your exchange in the form of bitcoins waiting for withdrawal.
If instead you are looking for a way to protect against the scenario where a person pays in USDs, but by the time you receive the USD funds the BTC exchange rate has moved against you, that is addressed here:
If all you want to do is protect against the exchange rate fluctuations, you could have a USD account at an exchange, and then make a trade that matches each card transaction [to lock in the USD funds at the current market rate], but that takes having a full days revenues sitting at the exchange each day to be able to accommodate this approach. (i.e., cash management becomes a pain).
If you want this merchant processor to do the conversion to bitcoins so that you don't use a bank account at all, that's probably going to be a long way off yet. We already know that VISA and Mastercard are aware of Bitcoin and their intentions are fairly clear. Remember the "original credit transaction" offerent through AurumXChange back in May? That lasted about 48 hours before the credit card companies put the kibosh on that.
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http://www.forbes.com/sites/jonmatonis/2012/05/07/bitcoin-funded-debit-cards/If that does come, it will likely be with an offshore merchant account provider that somehow figures out the right combination to allow it.
