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Author Topic: credit card transactions for BTC purchasing - redux  (Read 649 times)
xris
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June 18, 2011, 12:48:37 AM
 #1

I don't understand why BTC still cannot be purchased with a credit card. I have a little bit of free time and capital, and if I can sort out the issues relating to why this has previously proven difficult could be willing to take a stab at this.

this thread has discussed using linden dollars as an intermediary between credit cards and BTC:
http://forum.bitcoin.org/?topic=7080.0

this thread discusses a failed attempt at a site for purchasing BTC with a credit card:
http://forum.bitcoin.org/?topic=228.0

Can anyone provide input on ways to attempt to obtain stability with credit card companies to buy BTC with cards? It seems logical that if this has been sorted out with the second life community, it could be sorted out with BTC (unless the centralized nature SL is the basis for this stability).

It seems like if such a resource existed it would be very helpful in promoting BTC to individuals new to digital currencies.

Thanks in advance for any input!

1DyBBYUKbzeEsgi63XES1bwzS9SYn3aGda
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ibisy70
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June 18, 2011, 01:06:23 AM
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I would think a large part of it is credit card fraud would become a huge problem.
BTC-Joe
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June 18, 2011, 02:36:17 AM
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In one word: Chargebacks.

People can buy with a credit card, get their coins, then call the credit card company and claim they never placed that order and 99% of the time they will get their money back and the company that billed the card get stuck with the bill plus a $50 chargeback fee.
Zeth
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June 18, 2011, 02:42:06 AM
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Too many untrustworthy people in the community. Gonna have to agree with the others on this :\
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June 18, 2011, 02:47:47 AM
 #5

I on the other hand would prefer to keep cc's out of the picture... Id feel way safer that way
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