This is my 1st post. Forgive me if I am asking what is a painfully obvious question for you pros.
I am a merchant in an unpopular, high risk industry. Some punk sitting in grandma's basement keeps turning me into Paypal and getting me shut down. I have used paypal as my checkout on my website since 2006 without a single chargeback, but since someone turned me in, they shut me down....4 times... without notice, without appeal, and are sitting on my money for 6 months.
I am in the process of adding bitcoin to the website and think I have that part worked out, but bitcoin is not popular with my client base.
What I need is a crypto exchange or processor that allows my customer to pay with their credit card (buying crypto) and I can move the crypto where I want it or just have it deposited into my bank account. I want to replace the paypal 'buy now' buttons on my website with buy now buttons that will basically serve the same purpose.
I just set up an acccount with coinbase for the business, but their buy now buttons are only going to work for customers that already have crypto wallets.
I have only found 1 company that does this with a really obscure, really close to worthless coin, not that the value part is a big deal, I will cash out rather than do this for investment.
Does anyone have any experience in a similar situation or know what direction I should be looking in?
My industry is not popular with the processing companies and the ones that are want 3 pints of blood, my 1st born, etc to sign up with them.
Thanks in advance, JC
I'm gong to make a couple of assumptions here, please correct me if I'm wrong:
1. Based on your user name I assume this has to do with firearms (but I don't know why you say that's "high risk," unless you specifically mean mixing firearms and PayPal is high risk.)
2. Based on your use of the English language I'm assuming you're American, where firearms are legal.
If you're business is legit and all your sales are legal, sign up for a merchant account with any of the credit card processing companies. There are very few that won't serve a firearm business, in fact I think BofA is the only company operated by fucktards that will refuse. I ran my first gunsmithing and gun sales business out of my garage, and used Quickbooks to keep track of finances. Quicken offers credit card processing that integrated with the software, and was quite easy to use.
If you're still having trouble finding a credit card processing outfit that will support you, ask the NRA for help. They have a huge list of companies that still value America and it's constitution.
If you want to start accepting crypto and you're not technically skilled enough to set up your own node and payment server, look into Bitpay.com. They offer services for retailers that make accepting crypto easy. I see you're already set up with Coinbase, and that's probably a good fit as well.
I have looked into FreedomCoin, and I'm not sold. It's not a decentralized coin, and the company doesn't have the history to instill a lot of confidence. Finding a company that will accept credit cards from your clients, and pay you in a decentralized crypto is going to be hard, if not impossible. I don't know of any such company.
Just to pontificate a little on the broader implications of your request; the more legitimate businesses that start to accept direct crypto payments, the more main-stream crypto will become. It's just a matter of time before your clients start using it more and more. Like Elon Musk said this past weekend; Bitcoin is inevitable.
