Topic: how to accept credit card for bitcoin exchange (Read 145 times)
thank you for the input
"Seriously controlling chargebacks" will be difficult because accepting credit cards as a merchant is a two way street, meaning you cannot unilaterally assume that your customers are the only potential scammers. Merchants have been known to scam too.
A system allowing a fair and unbiased examination of chargeback situations is, yes, an important element of any card-accepting business to minimize revenue losses but this must incorporate a system designed to equally protect the customer.
You must have a relationship with a bank or payment processor with a robust and established acquirer agreement with either or both Visa and MasterCard (or other brands such as AmEx, Discover, UnionPay etc). If you do not have access to a local acquiring bank, there are online services offering similar services. They process credit and debit card payments too. PayPal is one. 2Checkout is another.
No ID verification will expose you to a mountain of risks.
A system allowing a fair and unbiased examination of chargeback situations is, yes, an important element of any card-accepting business to minimize revenue losses but this must incorporate a system designed to equally protect the customer.
You must have a relationship with a bank or payment processor with a robust and established acquirer agreement with either or both Visa and MasterCard (or other brands such as AmEx, Discover, UnionPay etc). If you do not have access to a local acquiring bank, there are online services offering similar services. They process credit and debit card payments too. PayPal is one. 2Checkout is another.
No ID verification will expose you to a mountain of risks.
hi
i want get out of affiliate business on this aspect
i understand it's high risk , but i have some questions
- how to create merchant account with payment processor that can seriously control chargebacks?
- what the profit margin in business ?
- what the fees of payment processor in this business ?
- how i process the bitcoin from wallet automatically for next client?
- how to limit daily/monthly orders
- how to accept specific countries like USA
is it profitable business compared to affiliate ?
i want to accept some types of cards - debit/credit cards
with full AVS system and fraud detection and phone verification , but no id verification .
thanks
i want get out of affiliate business on this aspect
i understand it's high risk , but i have some questions
- how to create merchant account with payment processor that can seriously control chargebacks?
- what the profit margin in business ?
- what the fees of payment processor in this business ?
- how i process the bitcoin from wallet automatically for next client?
- how to limit daily/monthly orders
- how to accept specific countries like USA
is it profitable business compared to affiliate ?
i want to accept some types of cards - debit/credit cards
with full AVS system and fraud detection and phone verification , but no id verification .
thanks
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