joined:Nov 3, 2005
I heard about backpage going the Bitcoin way after all of the credit card processors pulled the plug on them.
I also read countless people having huge problems with getting an account for their high risk industry.
Backpage does accept bitcoin, but the payment procedure is clunky as hell: you need to purchase bitcoins, and THEN pay them. It's complicated, and it's messy.
But, does it need to be?
Is there a bitcoin service that offers an API where you:
* Set the price of the product the customer is buying (say $10)
* Offer the customer a link to pay a certain BTC amount by credit card using a processor
* Get the processor (with whom you have an account) to deposit the equivalent in bitcoin into your wallet
* Get the processor to notify you (wit ha push) once the transaction has cleared. Yes, it might take 10 minutes.
* The credit card processor has sold bitcoins, not high-risk services
* You get the bitcoins
* The customer will get whatever high-risk object they purchased
Is this something that is technically impossible? Or are CC->bitcoin gateways not allowed to do this? Or... simply nobody thought of it? (I'd be surprised...)