Post
Topic
Board Exchanges
Re: accepting card payment to sell bitcoin on website
by
n691309
on 11/03/2017, 21:48:55 UTC
somebody made a video how he bought bitcoin on our website (and promote his affiliation link - you random youtuber, I salute you).
https://www.youtube.com/watch?v=lxOCIja-6W8
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.
Why is the service charge fee 45%? Isn't this too much? Then verification reward +8%, loyalty reward +14%, this doesn't make sense seriously. The percentage is too much comparing with the other exchanges, maybe because it is a hard starting for such a service. @OP it is really hard to manage the chargebacks, I always wanted to start an exchange but with fiat it is really hard, altcoin exchange is much better to handle the chargebacks and disputes.