Bullion Dealer Drops Credit Card Payments After Bitcoin Success
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....
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JM Bullion decided to venture into the Bitcoin payments world in an effort to reduce payment fraud and credit card chargebacks. By reducing these payment problems, as well as having the option to lower transaction fees by quite a margin, the precious metals dealer is positioning itself to attract an even larger customer base. Bitcoin and precious metals are often referred to in the same breath, as both types of investment vehicle seem to share similar traits. Neither Bitcoin nor gold has any intrinsic value, yet they appear to be well-liked by investors all over the world. For those....
Dallas-based precious metals dealer JM Bullion is now accepting bitcoin. With the announcement, JM Bullion joins a growing list of US-based precious metals dealers that accept bitcoin for payments, including Agora Commodities and Amagi Metals. JM Bullion will accept bitcoin through a partnership with merchant processing startup BitPay. Customers will receive 4% discounts on bitcoin purchases, an offer also extended to those who pay with bank transfers and paper checks. Director of e-commerce Thomas Fougerousse said that he believes the decision enables the company to offer a better payment....
Coinbase customers in the European nations can now buy digital currency using credit and debit cards. Coinbase is known to capture new markets and introduce new features on a regular basis. Keeping up with the trend, the leading cryptocurrency platform recently announced the inclusion of credit and debit card payments for its European customers. Coinbase’s new offering is influenced by its performance in the home country, United States. In its blog, the company states that over forty percent of all cryptocurrency purchase in the US is made by using credit and debit cards. With the....
It is no secret that any type of card reader can be used for both legal and illegal activities. Making credit card payments in most countries involves either the customer or cashier to swipe the card through a card reader. Square, a company, known for its credit card payment processing capabilities, faces some security concerns as far as their Square Reader device is concerned. With technology evolving at a rapid pace, a lot of focus is being put on making the entire payment experience more convenient for customers. As a result of that ideology, applications and hardware have been released....
Credit cards with EMV Chips are not as secure as it was initially thought to be. Bitcoin continues to be a more secure payments option. The ongoing competition between fiat based electronic payments and digital currency payments doesn’t have a winner yet. The credit and debit card based electronic payments systems score over Bitcoin payments when it comes to number of users and the rate at which transactions are processed. However, Bitcoin continues to lead the way in the security department. Credit Card frauds have hit an all-time high across the world. In last year alone, total damages....