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Author Topic: Payment Processor That Gives Payouts in Bitcoin?  (Read 875 times)
Sage (OP)
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April 16, 2013, 01:34:32 AM
 #1

Has anyone created this yet?
justusranvier
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April 16, 2013, 01:37:04 AM
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BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.
Anonymouss
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April 16, 2013, 01:38:40 AM
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Has anyone tried OkPay? I heard they give you a mastercard so its instant cashouts?
Sage (OP)
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April 16, 2013, 04:17:51 AM
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BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.

I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.
Elwar
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April 16, 2013, 04:19:30 AM
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BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.

I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.

That would be unlikely because of chargebacks.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Sage (OP)
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April 16, 2013, 04:22:01 AM
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BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.

I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.

That would be unlikely because of chargebacks.

There is no reason it couldn't be done with a funds buffer period, just like credit card processors do now to cover chargebacks.
Stephen Gornick
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April 16, 2013, 04:25:56 AM
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I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.

Nothing works like this, but others have asked:

Looking to accept USD and transfer to Bitcoin
  - http://bitcointalk.org/index.php?topic=134373.0

Real money to Bitcoin payment processor
 - http://bitcointalk.org/index.php?topic=113336.0

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Unichange.me

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