anx bitcoin credit card

_ Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top up vote 3 down vote favorite 1 I'm looking to start an online business, and I want to accept Credit Cards.I want the funds transferred to my Bitcoin Address natively.I've done some Duck-Duck-Go-Foo (Search Engine) but even the Big Boys, such as Mt.Gox, BitPay, etc. all refer to accepting BitCoin directly.How do I accept Credit Cards and have it natively transferred to my BitCoin Address?credit-card up vote 4 down vote This problem is not solvable unless you want to place yourself at great personal risk.The trouble is that bitcoin transfers are inherently non-reversible, meaning that once you've transfered bitcoins there is absolutely nothing you can do to guarantee the return of those bitcoins.Credit cards however are highly reversible and most banks reserve the right to take back funds with very little justification and will almost always side with their customers (aka the people who are paying you.)

This means that if someone buys bitcoins from you with a credit card, and then removes the bitcoins from your sites wallet, and then they default on their credit card payment, the bank will ask you for the money back, and you will be out some bitcoins.There are a few partial solutions to this problem.You can accept credit card payments but require the user to not remove the bitcoins untill the payment has become non-reversible.This is usually a prohibitive amount of time, taking anywhere from a month+ to clear.The fastest way to possibly transfer money in a non-reversible fashion would be either to use the SEPA network if you live in Europe, or if you live in the USA then you can use something called Automated Clearing House protocol, which was developed by the federal reserve to allow debiting of bank accounts.Both of these are quite difficult and annoying to implement.Its impossible to buy bitcoins from yourself, because it implies that you have the bitcoins in the first place, and you cant offer a service that accepts credit cards for the reasons stated above, and other companies dont for the same reasons.

up vote 1 down vote This exactly what BitPagos does, but we currently only accept Hotels and Tourism related businesses.Hopefully we would be able to open the service to any business.Browse other questions tagged credit-card or ask your own question.Buy Bitcoin online No verification required.Start buying Bitcoins from 25€ to 500€ per week.
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Simple pricing Transparent pricing.Choose the most convenient way to buy Bitcoin.Bitit Gift Card For yourself, or as a gift to family and friends, discovering Bitcoin is a snap.Want to buy $20 of bitcoin fast?Gift cards are accepted.Buy one with cash (save the receipt too) at your local drugstore and exchange it here for instant bitcoin.The Shift Card is a VISA debit card that currently allows Coinbase users in select states and territories (see list below) in the U.S.
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ethereum voting systemWhen you use your Shift debit card to make a purchase, the equivalent value of bitcoin (based on the current spot price of bitcoin on Coinbase) will be debited from your Coinbase bitcoin wallet.
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For certain transactions, like gas purchases and dinner bills, Shift will debit more than the purchase amount, and will refund you the remainder when the final payment amount is settled.Further details of Shift’s authorization procedures are available here.How much does it cost?There is an initial issuance fee of $10 There are no transaction fees on domestic transactions for a limited time There are no fees associated with the exchange of bitcoin to USD Other fees may apply to certain transactions (outlined in the Shift Payments FAQ) How do I get one?Using Coinbase Connect, authorize Shift Payments to debit from your Coinbase wallet.You specify which wallet to spend from with your Shift Payments card By default, the daily spending limit is $1,000.You can lower this limit to any amount below $1,000.The daily ATM withdrawal limit is $200.Order the card by verifying your identity and authorizing payment of the $10 issuance fee The payment will be made in bitcoin from your Coinbase wallet Eligible States Why isn't the Shift Card available in my state yet?

Coinbase and Shift are working through legal and regulatory matters in other jurisdictions.Still can't find what you're looking for?Today, ANX announced that they would be issuing the world’s first Bitcoin Debit Card, with shipping to start very soon.The Debit Cards will be available first to existing ANX Bitcoin Exchange customers who have already completed all verification steps.The development of Bitcoin Debit Cards has been ongoing for many months across several different competitors, and the community as a whole is eager to try out the different offerings.“We believe prepaid cards will play an integral role in a Bitcoin consumer’s day-to-day financial life,” said Ken Lo, Chief Executive Officer of ANX.“As a market leader we felt it was important to go beyond current offerings in the marketplace and bring something new and innovative to our customers.The ANX Bitcoin Prepaid Debit Card enables our customers to easily transfer their Bitcoins to their card anytime and benefit from the same freedom and flexibility of a traditional credit card.” The ANX Bitcoin card will function just like the card of your dreams, taking your funds via any of ANX’s 10+ supported currencies and making them available to you on the monolithic existing credit card infrastructure.

The ability to access Bitcoin in this manner will have resounding effects on the functional liquidity of Bitcoin.Even though we applaud every new e-retailer such as Newegg, TigerDirect, and Overstock that accept Bitcoin, we are still yearning for the day that Bitcoin can be spent even at unfriendly or downright hostile locations.According to the creators of the card, the ANX Bitcoin Prepaid Debit Card’s features include: 1.Allows ANX customers to spend their Bitcoins to make purchases via conventional credit card payment system such as online retailers or physical retail stores.Allows ANX customers to perform cash withdrawals via an extensive ATM network spanning over 200 countries.Automatically links ANX customers Bitcoin exchange accounts and Bitcoin wallets with their ANX Bitcoin Prepaid Debit Card.Funds can be added to the ANX Bitcoin Prepaid Debit Card via Bitcoins or any of the 10 major currencies that ANX supports.Funds are seamlessly loaded onto the ANX Bitcoin Prepaid Debit Card via the ANXBTC and ANXPRO online exchange websites.

ANX first burst on the scene in the middle of 2013 and has since risen to be the 6th largest Bitcoin Exchange by volume, according to Bitcoincharts.ANX’s holding company, MEGA IDEA HOLDINGS LIMITED formerly trading as Asia NexGen and now trading as LEADTOP ASIA, was one of the first digital currency focused firms in Hong Kong to be granted a Money Services Operator license by the Hong Kong Customs and Excise Department.The ANX Team comprises of Ken Lo, CEO and co-founder, Hugh Madden, CTO and co-founder, Dave Chapman, COO and co-founder, and dozens more dedicated workers based out of Hong Kong.Together, they are leveraging years of marketing and technology experience to do the whole Bitcoin Exchange thing the right way.Despite the damage caused by scams such as HKCex, ANX and other Hong Kong Bitcoin businesses have made significant headway: There is even a Bitcoin ATM Store welcoming visitors 24/7/365.ANX might be poised to beat Xapo to the delivery of prepaid Bitcoin debit cards, a much-demanded feature within the Bitcoin ecosystem for several years now.