Merchant accounts, credit cards, bitcoin

TheUltraElite

legendary

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So anyway, I applied as a merit source :)

Quote from: decadude on June 01, 2020, 11:39:25 AM

I think HODL strategy has always been best when trading bitcoin but I know nothing about trading anything.

Dont make up an opinion when you dont know about it buddy.

Good luck in running that business and while you are at it I guess you are looking to hold off some profit in bitcoin. Well the thing here is that you should use whatever exchange you feel comfortable with but directly buying bitcoin with credit card is an issue. Like Le suggested, Changelly allows that but they are again having some accusations in this forum for forced KYC, but you might them useful.

If you live near a bitcoin ATM then you are very lucky, specially if you are in North America, they are abundant there as far as I know.

decadude

newbie

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I am looking for the absolute cheapest way to take credit cards then have the final amount bitcoin I am thinking maybe etoro I am reading accepts paypal payments but if there are merchant accounts that also deal in bitcoin directly.

I would have to do three transactions paypal cc ---> etoro ---> buy bitcoin ---> send to cold storage

The goal is cheapest way to start saving bitcoin to cold storage or hell I may get a wild hair and see if I cannot figure out how to trade volatility of bitcoin if there is even a way.

I think HODL strategy has always been best when trading bitcoin but I know nothing about trading anything.

BitMaxz

legendary

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Try to check the Bitcoin ATMs or buy directly on Binance exchange I think they charge 3.5% or $10 USD for deposit fee with your debit/credit card.

You can buy Bitcoin directly from here below.
- https://www.binance.com/en/buy-Bitcoin

This is not automated but since you are looking for a cheaper way then buying bitcoin directly to binance is a good way.

decadude

newbie

Activity: 5

Merit: 0

Thanks for the reply I will accept bitcoin directly I give this as a payment option. My merchant is current PayPal so if someone pays me I was wanting to know the cheapest best route to convert funds if I choose to.

Maybe there is a cheaper merchant / conversion to Bitcoin here?

LeGaulois

copper member

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I believe Plasmapay or Cyogate do what you're looking for but I'm not sure if it will be cheaper than Paypal fees.

Otherwise what about your clients buy bitcoins themselves with their debit card and then pay their order on your website? Or maybe you can take a look too at Changelly (or similar) to see if you can integrate on your CMS

decadude

newbie

Activity: 5

Merit: 0

I own a very small business and currently my merchant account is PayPal. My goal here would be the cheapest way possible to get my money from the credit card transaction to bitcoin cold storage on my ledger nano s.

Are there merchant accounts that will automatically convert the credit card cash to bitcoin and then I transfer to my cold storage?

Topic: Merchant accounts, credit cards, bitcoin (Read 203 times)