Topic: [2014-05-13] Bittylicious Enables Bitcoin Purchases Via Credit Card (Read 1236 times)

I think it's probably on most debit cards now, but I think you just have to set up a password which you enter before each transaction. 



Unless it's a new feature I'm unaware of.

Many cards have it enabled. Just give it a go - if it's not enabled, it will say that your card is declined (or similar).

Ordered many coins from here and would prefer to use debit cards instead of bank transfers so this is good news, but what is 3D Secure enabled? I'm not sure if my card has that?

It is wonderful! I can't wait the time when payments can be made worldwide

It will make purchasing Bitcoins a lot easier for the non-tech savvy citizens of the European Union, who don't have to go through the untrusted vendors of localbitcoins. I hope that people living in the other parts of the world also will be able to make such purchases soon.

You'll usually get stung if you try to do a euro purchase on a British pounds debit card, but with a credit card it's usually just a 0.5-2% currency exchange rate. I wouldn't blame you for waiting though.

That's great news. The first and only times I've ever set up and sent a bank transfer was to purchase coins from Bittylicious. I'll use my debit from now on. So much quicker and easier. I'll probably wait till you accept them in GBP first though.

London, 14th May 2014. Bittylicious has been upgraded to allow the sales of Bitcoins via credit and debit cards to citizens of the European Union, including the UK.

Bittylicious, the UK’s premier Bitcoin vendor, has added Visa and Mastercard debit and credit cards to its list of accepted payment methods, supplementing the existing options of bank transfers and mobile payments.

Marc Warne, Director of Bittylicious, said, “Bittylicious is designed to make the Bitcoin buying process as simple as possible, so we are thrilled to allow users to purchase simply by registering and entering their credit card details. Within just a few minutes, users can be in possession of their own Bitcoins.”

At present, payments can only be made in Euros but via any suitable credit card, even those with a primary currency in British pounds or other EU currencies. In the upcoming weeks, direct payments in pounds will be permitted as well, saving British users possible currency conversion fees.

Because of significant fraud in the Bitcoin industry, only cards with 3D Secure enabled will be able to use this new service. This proves that the card is in the possession of the genuine owner by adding a second password-based authentication layer, separate from any data on the card itself.

Bittylicious users are able to make purchases of up to 240 Euros per transaction, with this restriction lifted when identification documents are validated. This process is necessary in order to follow “Know Your Customer” industry best practices.

New users are especially welcome to Bittylicious with a simple signup process available at https://bittylicious.com/