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Author Topic: Bitcoin wallet Bread is initiating Bitcoin purchases via credit cards  (Read 112 times)
Jeffery Musk (OP)
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February 09, 2018, 12:05:50 PM
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Bread, which is a Bitcoin wallet, will let customers purchase Bitcoin through credit cards and have the Bitcoins deposited into their Bread wallet following their partner integration with Simplex.
Know More: https://coinpedia.org/news/bread-bitcoin-purchases-via-credit-cards
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February 09, 2018, 12:13:33 PM
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and watch all the chargeback scammers abuse that, and then after a while see bread/simplex remove that 'feature'.

haven't they realised the reasons most services don't offer credit card purchases. anyway goodluck to their profit/bottom line

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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February 10, 2018, 09:15:45 AM
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and watch all the chargeback scammers abuse that, and then after a while see bread/simplex remove that 'feature'.

haven't they realised the reasons most services don't offer credit card purchases. anyway goodluck to their profit/bottom line
This is only the matter of the margin per purchase, if they make the customers pay a margin that is high enough to cover the chargebacks (and not all of the credit card holders will start a chargeback after the purchase) they can make profit at the end. They can also ban their customers from paying with credit card after the first charegeback. Also, they can make a limit for the credit card purchases to maximize the possible loss of the chargebacks.
Of course, they can't apply a really high margin because in that case the price won't be acceptable for the customers, so it's not easy to plan and to calculate.
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