Post
Topic
Board Exchanges
Re: accepting card payment to sell bitcoin on website
by
BuySomeBitcoins
on 11/03/2017, 16:37:53 UTC
You think it will save you from disputes and losing charge backs ?

Let me tel you something, you are damn wrong.

As a merchant who sell bitcoin for credit card, we have to deal with gamblers, drug addicts, and so on, keeping your chargeback ratio below 1% is almost impossible.

The first issue is finding a merchant who will accept you.
Then, the processing rates will be high (7% to process payments)
Wait, we're just getting started, they will take 25 % of your processing and keep them for 6 months, you know in case somebody dispute a payment.

You will be assigned a high risk merchant category number, all banks will insta decline payments on your website.