Bitcoin Making Credit Cards Obsolete; Agora Commodities Announces They Will no Longer Accept Credit Cards for Payment of Gold and Silver
Bitcoin continues to revolutionize the concept of sound money by making old concepts of payment go the way of the dinosaurs. Today many merchants are refusing to accept credit cards because they are not adequately protected from credit card based fraud.
Joseph Castillo, Founder and President of Agora Commodities, put it this way when explaining why his company will no longer accept credit cards for payments of gold and silver. "Bitcoin is a much solider way of accepting payment over the internet. Essentially, any customer can pay for precious metals instantly. Once the bitcoin reaches our wallet we know we have been paid plain and simple."
He added, "When we excepted credit cards we were never safe. We could have gone through the entire vetting process and still been held liable if the customer said the transaction was fraudulent".
There is a philosophical principle at play with Agora Commodites' rejection of credit cards as well. Dealing in precious metals is transacting with sound money. Something that credit clearly is not.
Agora Commodities
Agora Commodities is the largest Bitcoin to precious metals dealer. They offer all the most popular gold, silver, platinum, palladium, and rhodium products at the lowest prices. Invest in precious metals today by visiting Agora Commodities.
Agora Commodities: http://agoracommodities.com/
Related News
Online casinos accept different methods of payment for making deposit when registering as well as for withdrawals. It is really up to individual user to decide which method of payments is the best for its individual needs. Keep on reading to find out some important info about few most common methods of payment in online casinos to make the best informed choice. Credit Cards as a form of payment in online casino. Credit cards are the most often used and accepted method of payment in online casinos no matter where they are registered. Credit cards are accepted as a method of payment in all....
People who knew about bitcoin prior to 2013 tend to fall into two categories: those who had the foresight to buy the currency when it was plentiful and cheap, and those wishing they could go back in time and do the same. Like many others, entrepreneur Joseph Castillo initially passed the industry over for other interests. Castillo first learned about bitcoin in 2009 during the digital currency's infancy, but was initially unsure whether the concept would actually be successful. A longtime veteran of the precious metals and commodities sector, Castillo, like many people, initially thought....
The first Waffle House opened its doors in 1955, five years after Diner’s Club issued the world’s first multiple merchant credit card. It was only in 2006 – 61 years later – that Waffle House began accepting credit cards as payment. But the upgrade to Waffle House’s point-of-sale hardware allowing them to take credit cards opens the company up to even....
Agora Commodities has managed to sell more than $10m-worth of gold and silver for bitcoin since it started accepting the cryptocurrency last year. The firm points out that bitcoin gained more than 4000% in value last year, although that's not the company's primary focus, which is more on shiny, tangible commodities rather than digital currencies. The biggest rush came in late 2013, as the price of bitcoin skyrocketed. Clearly, there were many speculators who decided to trade in their bitcoins for precious metals. Just getting started. Agora Commodities is a relatively young company, but it....
Credit cards are one of the most common payment methods around the world, yet they are also one of the least secure forms of payment. There is no other payment method in history suffering from such a high rate of fraud and chargebacks, as these cards were never intended to be used for online payments. Several banks have issued a new version of their credit cards, which should make them more secure. Whenever someone holds up a credit card, there will be a plastic-looking chip on the left side of the card. This chip is designed to be read by credit card processing terminals all over the....