Bitcoin Forum
November 24, 2017, 11:34:33 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Thoughts on Bitcoin sale through a Credit Card platform  (Read 293 times)
jon@bitcoinads.com
Newbie
*
Offline Offline

Activity: 18


View Profile
November 21, 2013, 05:18:13 PM
 #1

I'm just thinking out loud about this. I would guess that there would be large demand for purchasing BTC online with a credit card if you could either arrange with a credit card vendor or set a legal president for creating the transfer.

I would frame the transaction not as a purchase of BTC (we have been over that before on the matter of charge backs) but as a service contract for the provider to make a payment to an address specified in a receipt/contract.

The customer would make a request for a contract to send x number of BTC to an address of their choice and the payment is for the service of the provider to make a transaction to that address. It is a private contract for services rendered. The services can easily be verified against the block chain. This in theory should mean that a customer can't call the CC company and say they made a payment and never received a product because there is no product and the service can be verified publicly.

The contract should also specify that the terms of fulfillment are met by a transaction of X amount appearing on the block chain.

From what I hear there are periods of high demand, a low friction way to buy BTC may be just the thing....



 
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!