Would you use credit cards to fund your trading accounts?

[rethaw]

Here is one possible way:

1) Set up a free merchant account with Square.

2) Charge your card for however much you like, they take some percent.

3) Withdraw to your bank account.

4) Fund your dwolla account from your bank account.

5) Transfer to an exchange.

Good luck!

[1715089389]

1715089389

[1715089389]

1715089389

[1715089389]

1715089389

[Smalleyster]

Here is one possible way:

1) Set up a free merchant account with Square.

2) Charge your card for however much you like, they take some percent.

3) Withdraw to your bank account.

4) Fund your dwolla account from your bank account.

5) Transfer to an exchange.

Good luck!

2.75% !!!

Are you insane?

Or do you work for them?

[rethaw]

Or do you work for them?

No, but maybe I should. There are better merchant services but they have a setup/monthly fee that for small transactions wouldn't pan out.

For example, you would have to charge over $1000 to meet 2.75% for a $30 monthly fee, and $30 monthly merchant accounts are hard to find. They also take a small percent of every swipe.

[Smalleyster]

Or do you work for them?

No, but maybe I should. There are better merchant services but they have a setup/monthly fee that for small transactions wouldn't pan out.

For example, you would have to charge over $1000 to meet 2.75% for a $30 monthly fee, and $30 monthly merchant accounts are hard to find. They also take a small percent of every swipe.

I used to work in the merchant services industry for First Data, the biggest and best.
For that fee you might as well just use paypal.

[bitbot]

We're workin on it ;-)

BitInstant.com

thats just gonna be a  website to steal cc numberss

[Yankee (BitInstant)]

We're workin on it ;-)

BitInstant.com

thats just gonna be a  website to steal cc numberss

You don't know that we accept cc's. In fact, you don't know anything yet ;-)

[Gareth Nelson]

We're workin on it ;-)

BitInstant.com

thats just gonna be a  website to steal cc numberss

And, you have proof of this? Or you're simply libelling us both for no reason?

[YoYa]

Credit cards?!?

They can never work! It's obviously a Ponzi Scheme! People will never accept pieces of plastic with magnetic tape on the back of them! Geek money! It'll never catch on! An Inflationary model where you owe more then what you originally bought........THAT'S MADNESS!

[AyeYo]

Credit cards?!?

They can never work! It's obviously a Ponzi Scheme! People will never accept pieces of plastic with magnetic tape on the back of them! Geek money! It'll never catch on! An Inflationary model where you owe more then what you originally bought........THAT'S MADNESS!

OMG NO GOLD BACKING!!!

 


I would use (and have used) a CC to fund a legit trading account.  I would not use a CC to fund some hack-ass bitcoin trading site.

[error]

What bitcoin really needs is the ability to easily convert from USD (or other currency) to BTC quickly and without the possibility of chargebacks.

Dwolla is fine and good but it take 5-7 days to get that whole process rolling. If that was reduced down to maybe 2 days MAX then I think there would be more people willing to go through the effort.

The delay is with your bank, not Dwolla. Dwolla is actually trying to solve the problem. Their solution, FiSync, will make transfers instant to/from any participating bank. You might encourage your bank to participate.