Stephen is right, Unless you are willing to keep tons of digital or physical paper work and correspond with EVERY customer on a 1v1 terms. Do not even attempt it. If you do not have proof the person has that physical credit card, they can charge back and usually win. If you want to make a exchange and add Visa/Mastercard/AMX/Discovery I will do it and pay you a percent of the sales. I just recently made another deal like this but it is still being worked on.
https://www.digitaldeliveryapp.com/affiliates/programs/1701/join/42262712fe
Affilate link for yea
Topic: How do you think BTC buy with visa. (Read 799 times)
How do you think how high could be acceptable commission in %.
Here's a new service that offers to sell redeemable codes from exchanges (BTC-e, Mt. Gox, etc.) and accepts credit card for payment. Their fee shows 8.9%.
- http://www.bitcoin-keys.com/Sales.html
While it is fantastic to see this offered, these types of endeavors generally end not long after they begin.
It isn't the entrepreneur's ambition that wanes but instead the termination of service coincides with the one-month or three-month review by the merchant processor when the reviewer sees the sky-high chargeback rate and upon further investigation realizes specifically what the "sale of digital goods" that was written on the merchant application actually refers to (Bitcoin currency exchange).
9% would likely be fine but you chargebacks are probably going to be in the 20% to 30% range. If you get unlucky and some organized crime picks up on your operation you could see a situation where essentially 100% of orders over a period of time are fraudulent.
My guess is that the risk of charge-backs is so high that insurance would not be available.
There is company in Poland that offers insurance (other question is how long will they stand).
But it is not cheep, so I wonder will anybody want to fund their accounts with high cost.
But it would work instant not delayed because of bank transfer.
So what do you think would 9% would be interesting, or it would be to expensive?
My guess is that the risk of charge-backs is so high that insurance would not be available.
It seems possible for me to lunch bitcoin exchange where you can fund your account with visa, and buy bitcoins from others participants.
It is possible with chargeback insurance.
It would need to set some commission to insurance chargeback possibility.
How do you think how high could be acceptable commission in %.
MtGox gives initially 0,6%.
It is possible with chargeback insurance.
It would need to set some commission to insurance chargeback possibility.
How do you think how high could be acceptable commission in %.
MtGox gives initially 0,6%.
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