Unfortunately there's a big problem with reversible payment methods and exchanging through said mediums to bitcoin. Whenever there's a loophole, you can be sure someone will figure it out and exploit it eventually, after all you might as well be lucky here that you're not suffering more and bigger losses already.
It's a pitty though that VISA and Mastercard is declining bitcoin related businesses to use their systems, as it's a very convenient method for legit users to get bitcoins.
Perhaps if you made a very good risk assesment and required registration by users + verification before they're allowed to use their cards and presented this to VISA and Mastercard, perhaps they would change their mind about you using their systems. Again that would not be as convenient as the current solution was, but would probably reduce the risks.
And as you see, a lot of the exchanges have had problems with bank accounts being frozen, and usually I think this is because of reversed transactions. If an account get enough transactions reversed, then the bank may as well freeze that account.
Good luck with your business going forward!
Topic: [ANNOUNCE] BitcoinNordic: Buy Bitcoins with Scandinavian credit cards - page 3. (Read 8667 times)
June 02, 2012, 03:36:46 PM
May 30, 2012, 08:52:25 AM
Yesterday' news:
Reddit discussion: http://www.reddit.com/r/Bitcoin/comments/uaicw/bitcoinnordic_discontinues_credit_card_purchases/
Quote from: BitcoinNordic
From tomorrow card purchases will be discontinued indefinitely. We hope to reenable the service soon. Until tomorrow, limit per card is 5000.
Reddit discussion: http://www.reddit.com/r/Bitcoin/comments/uaicw/bitcoinnordic_discontinues_credit_card_purchases/
Quote from: haakon
In an email, they write:
The discontinuation of credit card payments is due to pressure from the VISA and MasterCard organizations. They deem that dealing in a digital means of exchange such as Bitcoin is too risky.
While VISA and MasterCard are some of the most widely used cards, we will be working to accept other cards on Bitcoin Nordic. This newsletter will keep you updated.
The discontinuation of credit card payments is due to pressure from the VISA and MasterCard organizations. They deem that dealing in a digital means of exchange such as Bitcoin is too risky.
While VISA and MasterCard are some of the most widely used cards, we will be working to accept other cards on Bitcoin Nordic. This newsletter will keep you updated.
Quote from: fimp
We don't have a quote from VISA / MasterCard themselves as we did not deal with them directly.
We accepted their cards through eWire who sent the following message to us this morning:
"We have been contacted by our payment provider regarding Bitcoin Nordic.
We have been required by VISA and Mastercard to shut down your payment solution because of a large risk of chargebacks in this business.
I am therefore forced to shut down your cooperation with Ewire.
It is very unfortunate that this duopoly can force their requirements in this manner but we need to consider our entire business
when we get a message like this because we can lose our payment service if we do not comply."
In the past two months since we started accepting card payments we have processed approximately $50,000 in credit card payments.
To my knowledge there has only been one case of chargeback for about $200 and we covered this case out of our own pockets.
Actually, this case didn't even involve a VISA or MasterCard but a DanKort.
We accepted their cards through eWire who sent the following message to us this morning:
"We have been contacted by our payment provider regarding Bitcoin Nordic.
We have been required by VISA and Mastercard to shut down your payment solution because of a large risk of chargebacks in this business.
I am therefore forced to shut down your cooperation with Ewire.
It is very unfortunate that this duopoly can force their requirements in this manner but we need to consider our entire business
when we get a message like this because we can lose our payment service if we do not comply."
In the past two months since we started accepting card payments we have processed approximately $50,000 in credit card payments.
To my knowledge there has only been one case of chargeback for about $200 and we covered this case out of our own pockets.
Actually, this case didn't even involve a VISA or MasterCard but a DanKort.
May 30, 2012, 07:22:38 AM
Held og lykke herfra!
Måske en ide med nedsat gebyr for kunder med en eller flere handler bag sig?
Måske en ide med nedsat gebyr for kunder med en eller flere handler bag sig?
April 23, 2012, 02:38:36 PM
Hvad er jeres CVR-nummer?
Vi benytter 32222749. 
April 23, 2012, 01:59:49 PM
Hvad er jeres CVR-nummer?
April 08, 2012, 07:06:56 PM
Quote
SEPA transfer: €5.40
Jag har använt bitmarket.eu under en längre tid just för att jag hittills inte stött på SEPA-avgifter där. Trist att er bank väljer att ta ut dem - är det möjligen något ni tittar på?Hvis du har en Nordea-konto burde du i øvrigt kunne overføre til os gratis. Kontonummeret som du modtager fra os er til en Nordea-konto.
Vi forventer i øvrigt at kunne aktivere vores tyske bankkonto denne måned. Når det sker bør vi kunne modtage SEPA-overførsler gratis.
April 08, 2012, 06:40:49 PM
Quote
SEPA transfer: €5.40
Jag har använt bitmarket.eu under en längre tid just för att jag hittills inte stött på SEPA-avgifter där. Trist att er bank väljer att ta ut dem - är det möjligen något ni tittar på? April 04, 2012, 09:50:05 AM
Lykke til med tjenesten, håper dere slipper unna mye svindel.
April 02, 2012, 02:48:17 PM
Det stemmer. Hvis mængden af forsøg på svindel viser sig ikke at være stor, så kan vi muligvis sænke gebyret i fremtiden.
Vores første kunde var i øvrigt så glad, at han blev nødt til at købe igen.
https://bitcointalksearch.org/topic/announce-bitcoinnordic-instant-bitcoins-with-scandinavian-credit-cards-75075
Vores første kunde var i øvrigt så glad, at han blev nødt til at købe igen.
https://bitcointalksearch.org/topic/announce-bitcoinnordic-instant-bitcoins-with-scandinavian-credit-cards-75075 
April 02, 2012, 02:45:54 PM
Ser mycket lovande ut, lycka till! Det verkar vara ungefär 10% avgift vid kreditkortsköp, stämmer det?
April 02, 2012, 12:03:18 PM
Credit cards no longer supported. Buy with bank transfer, cash or cashU on www.bitcoinnordic.com
Credit cards no longer supported. Buy with bank transfer, cash or cashU on www.bitcoinnordic.com
BitcoinNordic works towards making buying Bitcoins quick and pleasant for everyone. At the moment we offer:
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.
Credit cards no longer supported. Buy with bank transfer, cash or cashU on www.bitcoinnordic.com
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 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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