Silk Road forums

Discussion => Newbie discussion => Topic started by: diamondsintherough on July 27, 2013, 12:15 pm

Title: need to buy btc with a credit or debit card?
Post by: diamondsintherough on July 27, 2013, 12:15 pm
due to reasons in my "real life" i now have a merchant account at my bank. this allows me to run credit/debit cards.
the only negative is that turnaround time for your coins would be 24-48 hrs while the payment clears. i will only be charging 8%
above preev.com prices. preev.com is up to date to the minute for btc value. on top of the 8% therebwill also be a 3$ CC processing fee.
there is a limit up to 90 btc per day. considering this is a totally legit transaction i will have no problem proving my identity and providing a receit.
i may ask you to do the same or i may not it all depends if you throw up any red flags.


ps im not new ive been here awhile i just cant remember my user id!!!
Title: Re: need to buy btc with a credit or debit card?
Post by: diamondsintherough on July 27, 2013, 12:46 pm
bump because of stupid spammers get a fuckin life man
Title: Re: need to buy btc with a credit or debit card?
Post by: SelfSovereignty on July 27, 2013, 01:07 pm
considering this is a totally legit transaction i will have no problem proving my identity and providing a receit.
i may ask you to do the same or i may not it all depends if you throw up any red flags.


ps im not new ive been here awhile i just cant remember my user id!!!

This sounds really odd and sketchy, man.  If you're worried about being held responsible for unscrupulous business dealings and what people do with the BTC you sell them, then you need to keep records for *all* of the transactions.  Not just some of them.  So why do you give a fuck about only the suspicious ones, and whether the customer is identified or not you'll still probably be subject to fines or criminal charges if they decide that's what they wanna do.  You should really look into the current state of money sending with respect to Bitcoin and Bitcoin sellers.  They're making it a real headache these days.

So basically... wtf would you ever ask someone to ID themselves for?  Personal comfort?  If so, that's a lot to ask just for your personal comfort... also, what's with the 90 BTC per day?  Seems pretty arbitrary, and federal limits are usually per month or per transaction, aren't they?
Title: Re: need to buy btc with a credit or debit card?
Post by: diamondsintherough on July 27, 2013, 01:18 pm
wow dude excuse me for writing honestly of coarse we would do it however we are most comfortable
90btc a day limit because that is MY limit through my vendor. im unemployed and tryin to pay my bills
business in my online stores is slow and i need to eat fuck off dude and give someone else a hard time
Title: Re: need to buy btc with a credit or debit card?
Post by: diamondsintherough on July 27, 2013, 01:21 pm
and  i might VERY RARELY BUT PROBABLY NEVER ask for a photo id to protect myself in case someone uses a stolen card. you know what happens then?
they get there btc and the bank takes my money away. good enough reason??
Title: Re: need to buy btc with a credit or debit card?
Post by: mcguire39 on July 27, 2013, 01:22 pm
Hi, wishing you the best with your venture. Accepting credit cards seems highly risky, I mean a customer can dispute a transaction even 90 days later. It seems most of the time the credit card co sides with the credit card holder, especially on this kind of transaction.
Title: Re: need to buy btc with a credit or debit card?
Post by: diamondsintherough on July 27, 2013, 01:32 pm
thank you very much!! ive takin many,many precautions. im going to try it out for a few transaction and see
if i think its worth it.
Title: Re: need to buy btc with a credit or debit card?
Post by: diamondsintherough on July 28, 2013, 01:02 pm
ok, im all setup and ready!!!