Wednesday, 30 May 2012

#NORDIC EU BITCOIN BANKSTERS BLOCKADES


"We don't have a quote from VISA / MasterCard themselves as we did not deal with them directly. We accepted their cards through eWire who sent the following message to us this morning:

*"We have been contacted by our payment provider regarding Bitcoin Nordic. We have been required by VISA and Mastercard to shut down your payment solution because of a large risk of chargebacks in this business.

I am therefore forced to shut down your cooperation with Ewire. It is very unfortunate that this duopoly can force their requirements in this manner but we need to consider our entire business when we get a message like this because we can lose our payment service if we do not comply."* (My translation from Danish)

In the past two months since we started accepting card payments we have processed approximately $50,000 in credit card payments. To my knowledge there has only been one case of chargeback for about $200 and we covered this case out of our own pockets. Actually, this case didn't even involve a VISA or MasterCard but a DanKort."


Source:

http://www.reddit.com/r/Bitcoin/comments/uaicw/bitcoinnordic_discontinues_credit_card_purchases/c4ttz8g

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1 comment :

  1. I didn't know there was a service accepting CC for bitcoin. How did they protect themselves from chargebacks?

    ReplyDelete

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