Payment Processor That Gives Payouts in Bitcoin?

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: Sage on April 15, 2013, 11:17:51 PM

I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.

Nothing works like this, but others have asked:

Looking to accept USD and transfer to Bitcoin
- https://bitcointalksearch.org/topic/looking-to-accept-usd-and-transfer-to-bitcoin-134373

Real money to Bitcoin payment processor
- https://bitcointalksearch.org/topic/real-money-to-bitcoin-payment-processor-113336

Where (country) are you (i.e., country?)

Sage

hero member

Activity: 632

Merit: 500

Quote from: Elwar on April 15, 2013, 11:19:30 PM

Quote from: Sage on April 15, 2013, 11:17:51 PM

Quote from: justusranvier on April 15, 2013, 08:37:04 PM

BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.

I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.

That would be unlikely because of chargebacks.

There is no reason it couldn't be done with a funds buffer period, just like credit card processors do now to cover chargebacks.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Quote from: Sage on April 15, 2013, 11:17:51 PM

Quote from: justusranvier on April 15, 2013, 08:37:04 PM

BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.

I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.

That would be unlikely because of chargebacks.

Sage

hero member

Activity: 632

Merit: 500

Quote from: justusranvier on April 15, 2013, 08:37:04 PM

BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.

I'm looking for a credit card processor that pays out in Bitcoins rather then wire transfers.

Anonymouss

newbie

Activity: 28

Merit: 0

Has anyone tried OkPay? I heard they give you a mastercard so its instant cashouts?

justusranvier

legendary

Activity: 1400

Merit: 1013

BitPay has done that for a long time. Coinbase does it. So do probably all the others.

Or do you mean a payment processor that accepts dollar payments and gives the merchant Bitcoins? There's a problem with that, since the payment processors is now exposed to chargeback risk.

Sage

hero member

Activity: 632

Merit: 500

Has anyone created this yet?

Topic: Payment Processor That Gives Payouts in Bitcoin? (Read 904 times)