Topic: circle registrations are now open. can use debit cards to buy (Read 2891 times)
Has anyone been successful in selling bitcoin on Circle and withdraw the fund in India ?
It would be good to understand if the cash advance was triggered by an Indian credit card being used or if there was some other reason
Simple... they are trying a protection against chargeback for countries outside US. Probably a few other European countries may enjoy not being charged under cash advance by Circle. As a result BitStamp & BTC-e will survive instead of Circle... only losing the US and a few European customer base.
When you are about to purchase, there is a small lime below which says, your bank may charge you a cash advance feel
It would be good to understand if the cash advance was triggered by an Indian credit card being used or if there was some other reason
Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
Can u please explain what does this quite high mean in terms of %. Suppose u r buying 10000 INR worth of Bitcoin. How much will it actually cost u ?
Cash advance is a feature you should never use on a credit card.
The fees can be ridiculously high. They usually levy a transaction charge of 2.5-3% and start levying interest charges (which can go up to 3.6% per month) immediately on the transaction. So if you make the purchase now and pay your credit card bill in a month's time, you can end up paying a 6% charge!
Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
That is ridiculous!
Were you notified in advance that it would be charged as a cash withdrawal?
Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
Can u please explain what does this quite high mean in terms of %. Suppose u r buying 10000 INR worth of Bitcoin. How much will it actually cost u ?
It depends from credit card to credit card. it is best to check with your credit card company.
So we can buy BTC from a US based site using credit cards ? Any legal perspective to be aware of here ?
Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
Can u please explain what does this quite high mean in terms of %. Suppose u r buying 10000 INR worth of Bitcoin. How much will it actually cost u ?
Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
Has anyone based in India used this yet to buy btc? Does it work or not for Indian bank accts/CC's?
Confirmations either way would be helpful for the community
Confirmations either way would be helpful for the community
Quote
U.S.-based bank account or credit card required.
At this time, bank accounts and credit cards from your country cannot be linked to Circle. Our apologies for the inconvenience. We’re working on it and hope to be able to provide this functionality soon.
In the meantime, your account is ready to send, receive, and store bitcoin. Your Circle account is insured and protected by our rigorous security practices.
Questions? Please contact our support team.
At this time, bank accounts and credit cards from your country cannot be linked to Circle. Our apologies for the inconvenience. We’re working on it and hope to be able to provide this functionality soon.
In the meantime, your account is ready to send, receive, and store bitcoin. Your Circle account is insured and protected by our rigorous security practices.
Questions? Please contact our support team.
Did you say ICICI?
I had the same doubt. Is it just US based bank accounts or do Indian ones work as well?
Quote
U.S.-based bank account or credit card required.
At this time, bank accounts and credit cards from your country cannot be linked to Circle. Our apologies for the inconvenience. We’re working on it and hope to be able to provide this functionality soon.
In the meantime, your account is ready to send, receive, and store bitcoin. Your Circle account is insured and protected by our rigorous security practices.
Questions? Please contact our support team.
At this time, bank accounts and credit cards from your country cannot be linked to Circle. Our apologies for the inconvenience. We’re working on it and hope to be able to provide this functionality soon.
In the meantime, your account is ready to send, receive, and store bitcoin. Your Circle account is insured and protected by our rigorous security practices.
Questions? Please contact our support team.
Did you say ICICI?
September 30, 2014, 03:13:23 PM
hacker will use hacked cards to buy BTC there
i think its a bit risky for them
i think its a bit risky for them
September 30, 2014, 10:17:46 AM
Even if the price eventually settles at $10-15 above exchange prices, the instantaneousness will most probably still make them a sustainable service
Rooting for Circle to crack it
Rooting for Circle to crack it
September 30, 2014, 06:46:47 AM
there are two options on circle.com :
1. link bank account
2. link credit card
i registered and linked my icici bank visa debit card and just to test bought bitcoins worth 2 dollars. whole process took me less than 2 minutes (from registering to getting bitcoins in my circle account).
i believe this is revolutionary. buying bitcoins was to be frank was bit of pain as people on localbitcoins were selling it at higher price than market it it sometimes took me hours to purchase.
try this service and you will be blown away just like me.
1. link bank account
2. link credit card
i registered and linked my icici bank visa debit card and just to test bought bitcoins worth 2 dollars. whole process took me less than 2 minutes (from registering to getting bitcoins in my circle account).
i believe this is revolutionary. buying bitcoins was to be frank was bit of pain as people on localbitcoins were selling it at higher price than market it it sometimes took me hours to purchase.
try this service and you will be blown away just like me.
Be careful. They are accepting Credit Card. This business model is going to be dead abused by charge back and stolen cards. I'm also interested to see how long they can keep selling at market rate.
September 29, 2014, 11:14:53 PM
Good heads-up, thanks will check this out
Like yourself, getting hold of btc to buy without being scammed has been a bit of a pain in the butt
Like yourself, getting hold of btc to buy without being scammed has been a bit of a pain in the butt
September 29, 2014, 08:27:57 PM
there are two options on circle.com :
1. link bank account
2. link credit card
i registered and linked my icici bank visa debit card and just to test bought bitcoins worth 2 dollars. whole process took me less than 2 minutes (from registering to getting bitcoins in my circle account).
i believe this is revolutionary. buying bitcoins was to be frank was bit of pain as people on localbitcoins were selling it at higher price than market it it sometimes took me hours to purchase.
try this service and you will be blown away just like me.
1. link bank account
2. link credit card
i registered and linked my icici bank visa debit card and just to test bought bitcoins worth 2 dollars. whole process took me less than 2 minutes (from registering to getting bitcoins in my circle account).
i believe this is revolutionary. buying bitcoins was to be frank was bit of pain as people on localbitcoins were selling it at higher price than market it it sometimes took me hours to purchase.
try this service and you will be blown away just like me.
Jump to: