If you are interested in getting instant BTC with credit card you might be interested in the thread I open in the newsbies section
https://bitcointalksearch.org/topic/im-selling-through-paypal-38873
Topic: Buy bitcoins using Google Checkout - btcnow.net - page 2. (Read 7503 times)
I don't give a fuck, 18 dollars is insane, fee's or not, specially when the market is @ 10.8856 at the time of posting this. I agreed with a few people and a few people agreed with me on how ridiculous it is, and you quote me? Obviously screw off, plz.
Some people see number 18 and jump into conclusions. Btcnow.net front page says that the operator made the price so high to LOWER TRADE VOLUME while the site is in BETA, and that the price will change toward reasonable once operator will be sure that he didn't do any mistake in security setup.
Obviously, you've never run a business which accepts credit cards before...
With your logic, if I sold $100 worth of BTC's at market price and charged $2 on top of it, I'd be losing money just from the fees that GoogleCheckout or any other credit card merchant account would charge for the transaction.
No one is pointing a gun to your head and forcing you to buy BTC's from this person anyway. If they want to sell Bitcoins for $18 while it's ~$11 USD on the market, more power to them. It's not like they're charging $50 for a gallon of drinking water during a natural disaster.
Least from reading the rest of the thread... his domain name lives up to the expectation.
Cheers,
Kermee
With your logic, if I sold $100 worth of BTC's at market price and charged $2 on top of it, I'd be losing money just from the fees that GoogleCheckout or any other credit card merchant account would charge for the transaction.
No one is pointing a gun to your head and forcing you to buy BTC's from this person anyway. If they want to sell Bitcoins for $18 while it's ~$11 USD on the market, more power to them. It's not like they're charging $50 for a gallon of drinking water during a natural disaster.
Least from reading the rest of the thread... his domain name lives up to the expectation.
Cheers,
Kermee
I don't give a fuck, 18 dollars is insane, fee's or not, specially when the market is @ 10.8856 at the time of posting this. I agreed with a few people and a few people agreed with me on how ridiculous it is, and you quote me? Obviously screw off, plz.
I don't care what risks he/she is taking. 18 is madness. Someone should send him/her this link http://bitcoincharts.com/markets/ Then charge maybe 2 bucks on top of market price.
Obviously, you've never run a business which accepts credit cards before...
With your logic, if I sold $100 worth of BTC's at market price and charged $2 on top of it, I'd be losing money just from the fees that GoogleCheckout or any other credit card merchant account would charge for the transaction.
No one is pointing a gun to your head and forcing you to buy BTC's from this person anyway. If they want to sell Bitcoins for $18 while it's ~$11 USD on the market, more power to them. It's not like they're charging $50 for a gallon of drinking water during a natural disaster.
Least from reading the rest of the thread... his domain name lives up to the expectation.
Cheers,
Kermee
Careful...could be stolen credit cards.
He was charging $14, and was selling much faster than he expected. He doesn't get the money from his sales immediately, so he can't just go buy more.
So he raised the price to slow down sales. If people still buy, at $18, then more power to him.
So he raised the price to slow down sales. If people still buy, at $18, then more power to him.
I actually don't think $18USD is that unreasonable. Clearly this is a service for people to get a handful of coins, which theoretically should be at a premium.
Also, Virwox accepts credit cards, paypal and moneybookers. While it's not 100% easy/convenient for grandma, it's a very good place to get BTC via Visa/MasterCard.
Also, Virwox accepts credit cards, paypal and moneybookers. While it's not 100% easy/convenient for grandma, it's a very good place to get BTC via Visa/MasterCard.
As far as I'm concerned, here's the red flag I noticed on his page (in red)
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text?
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text?
I think that is related to what he wrote on reddit. I'll quote:
Quote
Google actually has a very good system in place for fraud detection. It turns out that my third customer was trying to use his girlfriend's credit card to purchase coins (he assures me it was with her permission), and the payment was rejected. Very unexpected and happy surprise on my end for sure.
Since I am using that system (it's opt in) in theory if a chargeback does occur, google says that it will take the hit rather than me. The program only really covers physical items that are being shipped, but anyone can subscribe to the notifications, and I am quite impressed so far.
Since I am using that system (it's opt in) in theory if a chargeback does occur, google says that it will take the hit rather than me. The program only really covers physical items that are being shipped, but anyone can subscribe to the notifications, and I am quite impressed so far.
...and this
As far as I'm concerned, here's the red flag I noticed on his page (in red)
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.
Please correct me if I' wrong or totally off base.
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.
Please correct me if I' wrong or totally off base.
I think its just him voicing the obvious potential problem.. He is taking some risk here I believe..
I like the site, and the idea through google.. very easy, good for general public
Thank you both for that clarification. It does make sense. I also hope this site proves worthy.
Now, I wish to thank psy, again, for learning [sic] me how to insert two quotes into one post, thereby eliminating the need for me to have several posts in a roll of which I was accustomed to doing, due to my own ignorance. Smoothe!
Yeah 18$ is really insane.... even if its very easy...
lol 18$
I don't care what risks he/she is taking. 18 is madness. Someone should send him/her this link http://bitcoincharts.com/markets/ Then charge maybe 2 bucks on top of market price.
Sounds legit to me but raising the price to $18 is quite ridiculous.
If the price eventually goes down I might buy 1BTC from them.
PS: For UK users $18 is about £10.
If the price eventually goes down I might buy 1BTC from them.
PS: For UK users $18 is about £10.
As far as I'm concerned, here's the red flag I noticed on his page (in red)
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text?
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text?
I think that is related to what he wrote on reddit. I'll quote:
Quote
Google actually has a very good system in place for fraud detection. It turns out that my third customer was trying to use his girlfriend's credit card to purchase coins (he assures me it was with her permission), and the payment was rejected. Very unexpected and happy surprise on my end for sure.
Since I am using that system (it's opt in) in theory if a chargeback does occur, google says that it will take the hit rather than me. The program only really covers physical items that are being shipped, but anyone can subscribe to the notifications, and I am quite impressed so far.
Since I am using that system (it's opt in) in theory if a chargeback does occur, google says that it will take the hit rather than me. The program only really covers physical items that are being shipped, but anyone can subscribe to the notifications, and I am quite impressed so far.
As far as I'm concerned, here's the red flag I noticed on his page (in red)
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.
Please correct me if I' wrong or totally off base.
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.
Please correct me if I' wrong or totally off base.
I think its just him voicing the obvious potential problem.. He is taking some risk here I believe..
I like the site, and the idea through google.. very easy, good for general public
As far as I'm concerned, here's the red flag I noticed on his page (in red)
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.
Please correct me if I' wrong or totally off base.
if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately
Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.
Please correct me if I' wrong or totally off base.
wait look at the prices $18 a coin lol that guy is almost doubling his profits if he bought them at 9.** a coin
He's also risking several 100 dollars of his own money, which might get lost in chargebacks, depending on how google deals with the issue.
If you think the potential profit is worth the risk, you could try doing it yourself.
wait look at the prices $18 a coin lol that guy is almost doubling his profits if he bought them at 9.** a coin
He changed from $14 to $18. That's stretching the rope... People will not pay $18 for a bitcoin right now.
Anyway, I think he only wants to test out the scammers. Someone should claim a chargeback on him
wait look at the prices $18 a coin lol that guy is almost doubling his profits if he bought them at 9.** a coin
I think operator does know about chargebacks, he mentioned that Google has program against chargebacks but it only applies to tangible shipped goods. Is it possible that he figured out how to minimize damage and have the business running?
Highly unlikely but will be interesting to see how it turns out and for how long they can sustain such service. Google can ban/suspend from using their services but they cannot make a customer not to chargeback if there is an issue with merchant. Guess its time to freshen up on G. checkout's policy and tos. At the moment is sounds and looks too good to be true, although it would make things very convenient for general public if anyone could purchase Bitcoins with a credit card.
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