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Author Topic: Buying Bitcoin Online with a Credit Card  (Read 9939 times)
Anonymous
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November 15, 2010, 10:11:24 PM
 #21

If bank transfers don't allow chargebacks, what holds people (like MtGox and other exchange sites) from using it?
Expensive and high risk. International wire transfers requires:
- sender to pay bank fee;
- merchant have to wait some days until payment is cleared (read no immediate goods delivery);
- merchant must to be sure this payment is not compromised or bank will report him to proper authorities/watch list.

Merchant that do not have stringent verification process will fall in troubles if they start accepting wires from everyone on Internet.
Are bank transfers quicker/cheaper/easier if they are within the same country?

For example, if MTGox had a trusted contact in several different countries through whom users could flow bank transfers would that be a satisfactory solution?

That would be a better way of doing it. Place a buffer of different exchangers in between mt gox just like liberty reserve does.
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November 02, 2018, 10:09:18 PM
 #22

This might help
https://coinlu.com/buy-bitcoin-with-credit-card-no-verification/

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November 02, 2018, 11:18:17 PM
 #23

surely it is very interesting, bro. but until now there is still nothing in my country in Indonesia. buy bitcoin using a credit card bro. there isn't even a company that offers offers to accept bitcoin ..

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November 03, 2018, 12:01:37 AM
 #24

It is truly amazing how far Bitcoin and other CryptoCurrencies  have come since this thread was first created.

There are literally thousands of BTC ATM's now xD
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November 03, 2018, 12:22:27 AM
 #25

Probably against all of the credit card companies' terms of service; they don't like you taking money before "shipping the product."

I agree with your opinion, credit companies want you to ship products before getting money
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December 12, 2018, 12:03:55 PM
 #26

In all these, convenience is what is needed for people to feel at ease whenever and wherever they want to make a purchase of bitcoin with their credit card. I believe credit cards can easily be incorporated in the online transactions involving bitcoin.

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