<p>No, there isn't such a service right now because the trust problem hasn't been adequately solved. As a result, you can choose speed or a (relatively) low transaction cost when purchasing bitcoins, but not both.</p>

<p>I too have high hopes for Ripple, which is explicitly designed to solve the trust issue by linking two parties that don't trust each other through a chain of parties that do trust each other, but there is substantial delay when transferring funds from the regular financial system into the ripple system.</p>

CC BY-SA 3.0
2014-05-29T04:39:48.917Z
2014-05-29T04:39:48.917Z
SlothOfDoom
<p>I want, as a merchant, to receive money from my customers in the form of
bitcoins, to avoid the 2~4% fees. But many of my customers don't have
BitCoins. I was wondering if there is a service that would allow for a customer to
spend X amount of USD (or any other currency) to buy the corresponding
amount of BTC "on the fly", without requiring customers to have BitCoins or
even a BTC wallet.</p>

<p>Is there such a service?</p>

CC BY-SA 3.0
2014-05-30T08:25:17.020Z
related: [Can I store bitcoins as fiat currency anonymously?](http://bitcoin.stackexchange.com/q/25667/5406)
Murch
<exchanges><payment-processors>
Is there an on the fly service to exchange physical currency for BTC for payment processing?
Tiago Veloso
# Is there an on the fly service to exchange physical currency for BTC for payment processing?

(Asked by: username_0 on 2014-05-28)

I want, as a merchant, to receive money from my customers in the form of
bitcoins, to avoid the 2~4% fees. But many of my customers don't have
BitCoins. I was wondering if there is a service that would allow for a customer to
spend X amount of USD (or any other currency) to buy the corresponding
amount of BTC "on the fly", without requiring customers to have BitCoins or
even a BTC wallet.

Is there such a service?

**Tags:** exchanges, payment-processors

> **Comments:**
> **username_1**: related: [Can I store bitcoins as fiat currency anonymously?](http://bitcoin.stackexchange.com/q/25667/5406)  

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## 1 answers

### Answer by username_2 on 2014-05-29. Score: 2

No, there isn't such a service right now because the trust problem hasn't been adequately solved. As a result, you can choose speed or a (relatively) low transaction cost when purchasing bitcoins, but not both.

I too have high hopes for Ripple, which is explicitly designed to solve the trust issue by linking two parties that don't trust each other through a chain of parties that do trust each other, but there is substantial delay when transferring funds from the regular financial system into the ripple system.


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