Bitcoin Insanity: New Convenience Service Offers Bitcoin for Credit Card and PayPal
What is Bitcoin Insanity? Bitcoin Insanity is a brand new service offering fast sales of Bitcoin for PayPal, major credit cards (Visa, Mastercard and Amex), bank wire or cashier's check. PayPal or credit cards are indisputably the easiest method for non-Bitcoiners to make purchases over the net, yet seldom offered as options. Why is Bitcoin Insanity? Beginners looking to buy their all-important first bitcoins experience a degree of friction, even resistance, from their usual options: exchange registration requires a long wait for identity verification procedures and the stately transferal....
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Payments giant Paypal has launched the “Checkout With Crypto” service to allow consumers to make payments at millions of merchants using cryptocurrencies in their Paypal wallets. “This is the first time you can seamlessly use cryptocurrencies in the same way as a credit card or a debit card inside your Paypal wallet,” said Paypal’s CEO. Crypto Payments Through Paypal Now Enabled at Millions of Merchants Paypal Holdings Inc. announced on Tuesday the launch of a new service called “Checkout with Crypto.” The announcement details: Available at....
What happens, behind the scenes, when you swipe your credit or debit card? And the bigger question: can you trust all the parties involved? When you swipe your credit card at a retailer, potentially hundreds, if not thousands, of people could be involved in that transaction. How is that possible? Isn't money moving directly from your account to the merchant's account? Identity + Access = Vulnerability. Not only is the answer to that question a resounding NO, most would be mildly uneasy to discover the number of people who get access to both identifying information and bank accounts....
Under the terms of a $7.2 billion class action settlement that a US federal judge approved in November, starting this Sunday, merchants will gain the legal right to charge credit card-paying customers extra to make up for their processing fees. Currently, every time a customer makes a payment with a credit card, merchants are charged about $0.25 + 2.9% for the transaction, and for many years, major credit card companies have included a term in their merchant agreements forbidding merchants from using surcharges or discounts to encourage their customers to pay with cash instead. The result....
Since September, an increasing number of bitcoin startups and exchange have begun offering bitcoin-to-paypal payment processing services, allowing users to send bitcoin to international paypal accounts with substantially low transaction and conversion fees. Exchanges such as Bitwala, leading European bitcoin payment company have introduced secure and quick bitcoin-to-paypal transfer service, with service fees ranging from 0.5% to 4%. "For only 0.5% fee we transfer Bitcoin to PayPal accounts you want. You don't need a bank account or a credit card. Bitcoin makes services like PayPal....
Paypal-owned payments firm Venmo has expanded its crypto support by enabling credit cardholders to convert their cash back rewards into four digital assets hosted on the platform. Paypal-owned payments firm Venmo has launched a new crypto 'cash back' feature that includes zero transactions on crypto purchases. According to an Aug. 10 announcement, Venmo’s “Cash Back to Crypto” service went live yesterday and enables credit card customers to spend their cashback rewards on digital assets hosted on the platform. Say hello to Cash Back to Crypto with the Venmo Credit Card, rolling out to....