[ANNOUNCE] BitcoinNordic: Instant Bitcoins with Scandinavian credit cards

[fimp]

BitcoinNordic works towards making buying Bitcoins quick and pleasant for everyone. At the moment we offer:

• Pay using your VISA, VISA Electron, MasterCard, Maestro, or DanKort issued in Denmark, Sweden, or Norway and receive your Bitcoins within just one minute.
• Domestic, SEPA, or international wire transfers to our Danish bank account.
• Make a cash deposit at our location in Copenhagen.

Get your Bitcoins now at www.bitcoinnordic.com! Feedback here and ratings of my OTC user is appreciated. Subscribe to our Twitter account and newsletter to get notified of discounts and new payment methods.

Sincerely
Lasse Birk Olesen
Head of Operations

PS. We are fully aware of the chargeback issue associated with selling Bitcoins for card payments. However, we believe that we have developed a model that will mitigate the risks and will now be testing this model on the Scandinavian market. If successful there we will work to expand to accept credit cards from more countries.

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[Jan]

Just tried it.
1  Enter amount in DKK, your email address, Bitcoin address
2) Enter credit card info (I used a Danish credit card called Dankort)
3) Enter your mobile number
4) After a few seconds I receive a text message with a confirmation code, which I enter
5) I receive a confirmation email from mailer@ewire.dk
6) I receive a confirmation email from  btcnordic@btcengine.bitcoinnordic.com
7) My 3.26583 BTC tick into my BitcoinSpinner app after 25 seconds!

All in all I paid 100 DKK for 3.26583 BTC and the process took less than a minute.
The last trade on MtGox was 27.60924 DKK for one BTC at that time, and would have given me 3.62197583 BTC.
However transferring funds to MtGox is much more expensive from Denmark and would have taken several days.

Awesome!

[Jan]

Just tried it.
1  Enter amount in DKK, your email address, Bitcoin address
2) Enter credit card info (I used a Danish credit card called Dankort)
3) Enter your mobile number
4) After a few seconds I receive a text message with a confirmation code, which I enter
5) I receive a confirmation email from mailer@ewire.dk
6) I receive a confirmation email from  btcnordic@btcengine.bitcoinnordic.com
7) My 3.26583 BTC tick into my BitcoinSpinner app after 25 seconds!

All in all I paid 100 DKK for 3.26583 BTC and the process took less than a minute.
The last trade on MtGox was 27.60924 DKK for one BTC at that time, and would have given me 3.62197583 BTC.
However transferring funds to MtGox is much more expensive from Denmark and would have taken several days.

Awesome!

Buying BTC this way is so much more pleasant than what I used to do, so I just has to try it again, this time for 500 DKK.
Took 1 minute and 20 seconds from clicking Finish till my 16.43164 BTC ticked in. 

[fimp]

Thanks Jan! I also used BitcoinSpinner for my tests. 

[terrytibbs]

This is awesome! I hope you will find a sustainable way to receive payments without running into issues with chargebacks and the like.

[R-]

Hi,
This looks like a brilliant idea! Like the poster above, I hope you don't encounter too much fraud.
 
A couple questions.

• is there a transaction limit as to how much you can buy?
• can you please provide an exact list of supported countries. The term Scandinavia usually refers to Norway and Sweden but also sometimes to Denmark, Iceland, Finland, and the Faroe Islands.

[fimp]

Hi,
This looks like a brilliant idea! Like the poster above, I hope you don't encounter too much fraud.
  
A couple questions.

• is there a transaction limit as to how much you can buy?
• can you please provide an exact list of supported countries. The term Scandinavia usually refers to Norway and Sweden but also sometimes to Denmark, Iceland, Finland, and the Faroe Islands.

There is currently a 1000DKK per day per card limit and a 10,000DKK per day system-wide limit. If we don't encounter much fraud these limits will be raised.

Scandinavia refers to Denmark, Sweden, and Norway.

[R-]

Hi,
This looks like a brilliant idea! Like the poster above, I hope you don't encounter too much fraud.
  
A couple questions.

• is there a transaction limit as to how much you can buy?
• can you please provide an exact list of supported countries. The term Scandinavia usually refers to Norway and Sweden but also sometimes to Denmark, Iceland, Finland, and the Faroe Islands.

There is currently a 1000DKK per day per card limit and a 10,000DKK per day system-wide limit. If we don't encounter much fraud these limits will be raised.

Scandinavia refers to Denmark, Sweden, and Norway.

1000 kroner is roughly $175 if my math serves me right. One suggestion i would add is to have a screening process where the purchaser of the coins is required to scan and send a proof of identification if he wishes to purchase more than 300Dk (or pick any number).  That should stave off carders somewhat.

I wish you the best of luck on your business!

[jimbobway]

Please be very careful with fraud.  There is a reason why most ways to buy bitcoins don't involve credit cards.  But, maybe you've figured it out.  Good luck and be safe.

[fimp]

1000 kroner is roughly $175 if my math serves me right. One suggestion i would add is to have a screening process where the purchaser of the coins is required to scan and send a proof of identification if he wishes to purchase more than 300Dk (or pick any number).  That should stave off carders somewhat.

I wish you the best of luck on your business!

Danish customers will need to identify using the government and bank created NemID system.

[Stephen Gornick]

Danish customers will need to identify using the government and bank created NemID system

Is anyone that wants to make use of that as an authentication method allowed to do so?
 - http://en.wikipedia.org/wiki/NemID

[fimp]

Is anyone that wants to make use of that as an authentication method allowed to do so?
 - http://en.wikipedia.org/wiki/NemID

I'm note sure, there may be some requirements. BitcoinNordic doesn't employ NemID directly but through eWire, another company.

[adamstgBit]

please review this new site at http://www.thebitcoinreview.com/site.php?site_id=844

[Daily Anarchist]

Hi,
This looks like a brilliant idea! Like the poster above, I hope you don't encounter too much fraud.
  
A couple questions.

• is there a transaction limit as to how much you can buy?
• can you please provide an exact list of supported countries. The term Scandinavia usually refers to Norway and Sweden but also sometimes to Denmark, Iceland, Finland, and the Faroe Islands.

There is currently a 1000DKK per day per card limit and a 10,000DKK per day system-wide limit. If we don't encounter much fraud these limits will be raised.

Scandinavia refers to Denmark, Sweden, and Norway.

What about Finland?

[minorman]

This is great news! As a dane I need to give this a try real soon.

What happened to all the bs you were dealing with in the fall (financiel virksomhed regler)?

Congratulations to Lasse et al.

[fimp]

What about Finland?

Finnish credit cards are not supported at the moment.

This is great news! As a dane I need to give this a try real soon.

What happened to all the bs you were dealing with in the fall (financiel virksomhed regler)?

When you've finished your purchase, let me know here if you liked it. =)

The regulation I was dealing with was only related to opening an exchange MtGox / Intersango style. Selling Bitcoins directly like we're doing now is not subject to the same regulation.

[minorman]

Done!!

From clicking "next" on the sms confirmation page - and til getting the bitcoin in my wallet took a full

-
18 seconds
-

!!
You guys are awesome. I'll recommend your service to bitcoin friends of mine!

[fimp]

I'm glad you like it! And we're thankful for you spreading the word. We're now featuring your testimonials on the front page: https://bitcoinnordic.com/

You are also very welcome to review us on http://www.trustpilot.com/review/bitcoinnordic.com . We'll try to collect testimonials there.

BTW, about a week after we opened Bitcoin Nordic a hairdresser in Copenhagen started accepting Bitcoin as payment and mentioned Bitcoin Nordic as the place to buy them. I have the feeling that we made that happen by making buying Bitcoins easy and fast.

[Stephen Gornick]

This thread doesn't describe it but I see that Bitcoin Nordic will also cash out to PayPal or to a bank account (with withdrawal being free or inexpensive in a few countries, and international transfer to other countries as well):
 - https://bitcoinnordic.com/sell

[FreeMoney]

This thread doesn't describe it but I see that Bitcoin Nordic will also cash out to PayPal or to a bank account (with withdrawal being free or inexpensive in a few countries, and international transfer to other countries as well):
 - https://bitcoinnordic.com/sell

I see 10% fee. Though they use a 24hr average so you could pick up some value on a spike I guess, though usually not 10%.

[nedbert9]

Great stuff.  Hope you guys can eventually take US issued cards.