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Author Topic: Can you buy BTC with debit card?  (Read 611 times)
MatthewDietrichRSA
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May 13, 2013, 04:52:17 PM
 #1

Im 14 and planning to get a debit card.Will websites accept debit cards as bitcoin p7ayments?Because oviously i cant get a credit card.Im looking to invest in bitcoins
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wrenchmonkey
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May 13, 2013, 04:56:44 PM
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Debit Cards are processed as "Credit Cards" through whatever merchant the card is issued through (Visa, Mastercard, etc). When a seller processes a card online, it doesn't care whether it's a "credit" card, or a debit card. It only cares that the merchant approves the transaction, and releases the funds.

So the short answer is, yes, you can use your debit card as a credit card.

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MatthewDietrichRSA
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May 13, 2013, 05:14:07 PM
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That explains alot , that "credit cards",are both debit and credit.I honestly dont believe in credit as the interest is too high.
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May 13, 2013, 05:21:32 PM
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Debit Cards are processed as "Credit Cards" through whatever merchant the card is issued through (Visa, Mastercard, etc). When a seller processes a card online, it doesn't care whether it's a "credit" card, or a debit card. It only cares that the merchant approves the transaction, and releases the funds.

So the short answer is, yes, you can use your debit card as a credit card.

I know for a fact I can't use my debit card as a credit card... Maybe it's different in other countries / banks?
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May 13, 2013, 06:09:19 PM
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Im from South Africa
BitshireHashaway
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May 13, 2013, 06:09:33 PM
 #6

I have a debit card but not a credit card and I use the debit card as a credit card so if you can buy it with a credit card, then you will also be able to buy bitcoins with a debit card.
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May 13, 2013, 11:13:15 PM
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In my country some cards have restrictions on internet payments. It not depends on card type (deb/cre) - only on its system/rate - all gold works, visa classic works etc. Some cards need to be "prepared" by bank to be internet acceptable. I think best place to consult is bank-issuer. Roll Eyes  And yes, almost all of our cards is debit.
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