Prepaid Visa to Bitcoin?

[furrycoat]

Hello, I recently received a 500$ prepaid visa giftcard from a friend at work. I want to buy bitcoins with the Visa Prepaid giftcard. Been lookin around for a good 2 hours and havent found any places. I decided to try and buy Lindens (Second Life $) then tranfer it to Bitcoins but Second Life doesnt even accept prepaids.. I also checked other Linden selling sites but they were all out of the country and my visa is only good in the U.S. Is it even possible to buy bitcoins with a Visa Prepaid giftcard?

[Stephen Gornick]

I recently received a 500$ prepaid visa giftcard from a friend at work

Where do you find friends like that?  

my visa is only good in the U.S. Is it even possible to buy bitcoins with a Visa Prepaid giftcard?

Can the card be used at an ATM?

Cash works for buying bitcoins.

Do you have a Chase location nearby?   Bitcoins can be purchased at BitMe with cash deposited at Chase.   There isn't always liquidity so buying in the $500 range there might take a bit for sellers to take you up on your buy order.  (or you can always buy at the current price for the sell orders, but that is about 5% over the spot price).

You can also buy bitcoins using cash through BitInstant.  
 - http://www.BitInstant.com

There is a service that accepts credit and debit cards, I don't know if they have restrictions against prepaid cards.  At the moment the site reads: "Availability: Out Of Stock" though.
 - http://btcquick.com

Or you might find a local trade (paying cash):
 - http://www.localbitcoins.com

Additionally, there are frequently individual traders on #bitcoin-otc who are willing to accept a prepaid card and after spending the funds successfully will send you the coins for the agreed-upon purchase price.  Using the history from the Web of Trust (WoT) helps to ensure a safer transaction -- or perhaps asking the seller to agree to using an escrow is another way to lessen the chance that you would be cheated.

 - http://bitcoin-otc.com/
 - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer
 - http://bitcoin-otc.com/viewratings.php

Or if you are considering a bank transfer, there all kinds of options are available:
 - http://en.bitcoin.it/wiki/Buying_bitcoins

[furrycoat]

Wow thanks for all the links to check out!
I checked btcquick.com and they unfortunately dont take prepaid visa's either 
And it doesn't work at atm's..

[furrycoat]

Liberty Payout has been very helpful. Hes offered to take my visa and exchange it for Bitcoins. Im going to trust him, I will report back with results.

Edit: Trusting him = fail

[Liberty Payout]

Liberty Payout has been very helpful. Hes offered to take my visa and exchange it for Bitcoins. Im going to trust him, I will report back with results.

Offered to try, may or may not work. Fingers crossed though!

[Stephen Gornick]

Hello, I recently received a 500$ prepaid visa giftcard from a friend at work.

Boom!  

Here you go.

This provides a method for a person to buy a gift certificate and pay for it using a credit card.  

The recipient of the gift certificate can then use the funds to make a purchase from the merchant chosen.

Essentially one way this is used is as an account-to-account (A2A) transfer:
 - http://en.bitcoin.it/wiki/A2A_Transfer_Methods

Why this is relevant to Bitcoin is because this technically provides a method for someone to sell bitcoins for a "gift card" through Square where the buyer can pay with a credit card.

So get set up on #bitcoin-OTC.

Offer to buy a $500 gift card (or multiples of $50 or whatever) at any Square merchant.   Of course, you are taking the risk that the person selling bitcoins to you will cash out the gift card and not send the coins to you so the seller's -otc WoT history rating should be good   (and you need to make sure they are authenticated on -otc otherwise it might be someone impersonating that -otc user.)

[furrycoat]

Awesome! Thanks I will definitely give that a try.

Liberty Payout was very helpful, but we werent able to get it to work.

Thanks again!

EDIT: I take back every word said above.

[Fjordbit]

You could put it up for sale on BitMit. You won't get the coins until it sells and it ships to them, but it's a pretty good way to liquidate gift cards.

[furrycoat]

Liberty Payout bought Bitcoins with my money and will buy bitcoins, lets see how this goes. Will update!  

Edit: Completely ripped off, peice of shit.

[Mae]

it's very hard to buy btcs with visa... maybe even impossible!

[zomalok]

if he not from USA,then he can deposit in neteller from visa and here some guys exchange for EUR neteller BTC

[21after2]

Liberty Payout bought Bitcoins with my money and will buy bitcoins, lets see how this goes. Will update!  

Edit: Completely ripped off, peice of shit.

Open a thread in scam accusations with info of the transaction. Maybe you can get him a scammer tag. Sorry to hear you lost your money.

[lemster]

I've tried but never succeeded.