<p>No, and there likely will never be. The reason for this is that bitcoin transactions (and all other crypto currencies as far as I know) are none reversible while credit cards transactions are, for up to about a month at most banks. This means that if someone buys bitcoins with stolen credit card information and you give them the bitcoins, and then a week later the bank tells you the transaction was fraudulent, you will have to return the money, but you are never getting the bitcoins back. </p>

<p>A way around this would be for the seller to hold on to the bitcoins for a month and wait for the credit card transactions to definitely go through before dispersing the coins, but with the price of bitcoin as volatile as it is, I don't see this happening. </p>

CC BY-SA 3.0
2013-10-23T23:10:36.850Z
2013-10-23T23:10:36.850Z
Loourr
<p>Is there a trusted payment processor that is secure and is able to do the sequence of actions detailed below?</p>

<ol>
<li>Accept credit card transactions from customers and apply them to purchasing bitcoin &amp; then</li>
<li>Send the newly purchased bitcoins through a series of e-wallets</li>
<li>Before converting the bitcoins into USD and making a final deposit into the Merchant's bank account of choice</li>
</ol>

<p>In addition, if there is a more suitable cryptocurrency than bitcoin than I am happy to use an altcoin. </p>

<currencies><payment><payment-processors>
Is there a plug in for credit card charges to be converted automatically into bitcoin
Green2Go
# Is there a plug in for credit card charges to be converted automatically into bitcoin

(Asked by: username_0 on 2013-10-23)

Is there a trusted payment processor that is secure and is able to do the sequence of actions detailed below?

1. Accept credit card transactions from customers and apply them to purchasing bitcoin & then
2. Send the newly purchased bitcoins through a series of e-wallets
3. Before converting the bitcoins into USD and making a final deposit into the Merchant's bank account of choice

In addition, if there is a more suitable cryptocurrency than bitcoin than I am happy to use an altcoin.

**Tags:** currencies, payment, payment-processors


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## 1 answers

### Answer by username_1 on 2013-10-23. Score: 1

No, and there likely will never be. The reason for this is that bitcoin transactions (and all other crypto currencies as far as I know) are none reversible while credit cards transactions are, for up to about a month at most banks. This means that if someone buys bitcoins with stolen credit card information and you give them the bitcoins, and then a week later the bank tells you the transaction was fraudulent, you will have to return the money, but you are never getting the bitcoins back.

A way around this would be for the seller to hold on to the bitcoins for a month and wait for the credit card transactions to definitely go through before dispersing the coins, but with the price of bitcoin as volatile as it is, I don't see this happening.


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