Binance now accept credit card payment!
- Thread starter PinguSpy
- Start date
.:mAestro:.
Senior Member
- Apr 17, 2010
- 983
- 390
Thanks for the news!
This is great.
This is great.
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
Bring on more debt for the middle class. Yah!
This is cool buy option, but it is going to wreck people who don't have good financial sense.
This is cool buy option, but it is going to wreck people who don't have good financial sense.
tb303
Supreme Member
- Dec 18, 2011
- 1,238
- 909
Hows the KYC process on binance these days. Have they tightened it up yet? That may be a problem for a client if they have.
Coinbase accept cards too - 3% if i remember right. Pretty tight with KYC though.
The problem with credit card purchases is some banks will now treat them as cash withdrawals and so may hit your clients with unexpected fees and a higher interest rate if they dont clear the balance in time. Doesnt apply to debit cards though afaik.
More on ramps is always a step in the right direction though and binance is a biggy. They are using Simplex to handle the transactions. I'd like to know how hard would it be to deal with them direct to set up a gateway. Anyone have experience?
Social God
Supreme Member
- Nov 29, 2018
- 1,363
- 1,326
Wow I’m excited now! Thanks for the share!
Gent
BANNED
- Jan 30, 2019
- 3
- 1
Yeah it's cool and all, but have fun explaining how to buy and transfer funds to your "technology challenged" clients. More of a headache than anything for your intended use.
I have all my clients sign a credit card authorization form and charge them automatically through Stripe, making the process as hands off as possible for the client.
I have all my clients sign a credit card authorization form and charge them automatically through Stripe, making the process as hands off as possible for the client.
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
Without a doubt, conventional gateway is very user friendly compare to crypto.
Everything sounds rather fun until my 9 years aged paypal account got permanent limitation.
If every seller unite and use crypto, as their main payment gateway. This is heaven.
No need to paranoid your account may be limited.
No need to paranoid your payment may get dispute.
If we explain to our client step by step.
And once they see the clear picture, its not that hard.
(More like for emergency)
Step 1. Buy BTC from Binance with client CC.
Step 2. Goto my website, buy something and select BTC, press submit > It will redirect to coinpayments.net . And something like this would appear.
Step 3. Transfer BTC from Binance to that address and done!
Easy right?
Coinpayments.net is a payment gateway for crypto. It have API that you can use just like PayPal.
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TooCorny
Senior Member
- Sep 9, 2018
- 1,116
- 519
If they accept credit cards they can also create payment gateway where client pays on the site with his credit card and crypto goes to your accThis is cool though.
I can just ask all my client to buy BTC from Binance, and then pay my service using BTC.
Fk! PayPal!
Pra-Venture
Regular Member
- Dec 25, 2012
- 354
- 60
Once I was checked binance for registration to purchase some coins that time they were closed for new registration then on I have not checked anything yet . That’s good news about credit card payment acceptance let me register there if they allow it agin for new comers . Between I do have crypto’s at another site ..
Metatrons Cube
Regular Member
- Feb 9, 2019
- 244
- 117
Everything Binance does is high quality. Their timing and execution of their project was perfect, their API is easy to use, nice UI. Such a good project
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
On the outside it does seem that way. But they do some stuff sometimes that comes off a bit shady. And it makes me wonder what's really going on behind the curtain.
Really wish they would offer more trading tools so users can margin trade. Other exchanges already do this.
Metatrons Cube
Regular Member
- Feb 9, 2019
- 244
- 117
Interesting.. what sort of things have they done that you feel are shady? They always seem pro and legit to me.