You can do it, but only if you allow upto $20 or $25 per transaction, no offense, but this looks like if you want to launder money or cashout stolen cc cards.
Everybody knows that the only ones who try to buy bitcoin with cc are just those who stoled them or just bought them on the dark market.
But if you are legit, then go ahead, but try to implement some security layers to your program to avoid those kind of people who only want to steal. Good luck with it.
Topic: Accept credit card payments for bitcoin (Read 291 times)
I'm building a decentralized microservice that will pay people (hosts) small little bits of bitcoin ($5-$25 worth) at a time.
Would I be violating any laws by acting as a middleman to accept a payment via stripe (credit card) or paypal and then sending bitcoin to the hosts? I feel that this would create the best user experience to prevent the user from sending bitcoin or creating a coinbase (or other) account to buy bitcoin.
Thanks!
I think there is no problem in accepting payment via credit cards for bitcoin. Because I think in the near future all the people will use only bitcoin for their day to day life expenditures and purchases then they will use credit cards for their payments. Would I be violating any laws by acting as a middleman to accept a payment via stripe (credit card) or paypal and then sending bitcoin to the hosts? I feel that this would create the best user experience to prevent the user from sending bitcoin or creating a coinbase (or other) account to buy bitcoin.
Thanks!
So I think that it is not illegal but you must keep yourself secure from any fraud and scam. The market is full of scammers and hackers. Otherwise there is no problem accepting credit cards for bitcoin.
I'm building a decentralized microservice that will pay people (hosts) small little bits of bitcoin ($5-$25 worth) at a time.
Would I be violating any laws by acting as a middleman to accept a payment via stripe (credit card) or paypal and then sending bitcoin to the hosts? I feel that this would create the best user experience to prevent the user from sending bitcoin or creating a coinbase (or other) account to buy bitcoin.
Thanks!
I think there is no problem in accepting payment via credit cards for bitcoin. Because I think in the near future all the people will use only bitcoin for their day to day life expenditures and purchases then they will use credit cards for their payments. Would I be violating any laws by acting as a middleman to accept a payment via stripe (credit card) or paypal and then sending bitcoin to the hosts? I feel that this would create the best user experience to prevent the user from sending bitcoin or creating a coinbase (or other) account to buy bitcoin.
Thanks!
So I think that it is not illegal but you must keep yourself secure from any fraud and scam. The market is full of scammers and hackers. Otherwise there is no problem accepting credit cards for bitcoin.
In the past, it was very easy to get Bitcoin with a credit card. But at the moment it is not possible to get a credit card and Bitcoin because of many security measures. There are very few sites to get Bitcoin by credit card.
I think you are right. Credit cards are not accept to pay a bitcoin. https://bitcoin.stackexchange.com/questions/11856/accept-credit-card-online-to-bitcoin-address-backend
In this site clearly explained in current status of credit card payment. This is very useful to credit card users. Many of the traders are explain in many questions of credit card payment.
In the past, it was very easy to get Bitcoin with a credit card. But at the moment it is not possible to get a credit card and Bitcoin because of many security measures. There are very few sites to get Bitcoin by credit card.
I'm building a decentralized microservice that will pay people (hosts) small little bits of bitcoin ($5-$25 worth) at a time.
Would I be violating any laws by acting as a middleman to accept a payment via stripe (credit card) or paypal and then sending bitcoin to the hosts? I feel that this would create the best user experience to prevent the user from sending bitcoin or creating a coinbase (or other) account to buy bitcoin.
Thanks!
Would I be violating any laws by acting as a middleman to accept a payment via stripe (credit card) or paypal and then sending bitcoin to the hosts? I feel that this would create the best user experience to prevent the user from sending bitcoin or creating a coinbase (or other) account to buy bitcoin.
Thanks!
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