Automating service with income from VISA and expenses in Bitcoins

1 is building an online service, which will have income coming from VISA cards, and will pay expenses in Bitcoins. We expect to make something like 100 transactions per day from credit cards to Bitcoins. I would like to know what the cheapest service would be for doing this fully automatically. What I mean is the cheapest service or combination of services with APIs so we can automate the whole process. I am particularly concerned with complexity (and delays) if we would need to transfer the money from the provider, which enables us to accept VISA payments, to my bank account. Then send the money to MtGox, get it exchanged and then get the Bitcoins sent off. The steps involved just in the last part, Bank Account to Bitcoins, would be quite work intensive if done on a daily basis. It would involve the following steps: 1) Access internet bank and transfer to exchange (5 minutes). 2) Access exchange and transfer and create several buy orders over some period of time to get...

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If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only then check out




Bitcoin CFD trading. For more information

read this post first


As 2017 begins it seems easier than ever to

buy Bitcoins

with your credit card. The only issue is knowing from who to buy. In this post I’ll cover all known (legit) methods to buy Bitcoin with a credit card.

Just for general knowledge, the reason that buy Bitcoins with a credit card isn’t available all around is due to chargeback issues that most sellers wish to avoid (for a detailed explanation look here). So many exchanges need to protect themselves in order to offer this service and not all of them have the technology to do so.

Before I explain the different methods one word of warning. NEVER leave your Bitcoins at an exchange or a website. Once you purchase Bitcoins from any of the methods explained below move them into your Bitcoin...

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About 18 months ago, we discovered a huge market inefficiency in the cloud web hosting services industry that we managed to develop a system to turn a massive profit on the shortcomings and miscommunications within the On Demand Cloud Services sector.

Simply put, there were not enough web services being provided out there for the bigger & more popular businesses that make use of these services each and every day.

In brief, over the past 18 months we have painstakingly built a network of in demand web services & discounted providers that we are able to offer to highly visited websites & other technology businesses.

For example, the kind of web services we handle are on demand...

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Some Questions & Answers

Bitcoin and Taxes

First, tax regulations differ for each country around the world, so how Bitcoin is taxed in one country may not be the same elsewhere. Please look into the tax laws of your own country to find the specific details. What is pretty much global, is that buying Bitcoin or any other crypto-currency is not in itself taxable. However, you are likely to be taxed when you sell or even spend those coins and make a profit. How much depends on the amount of gains, how long you owned the coins and if and how your country taxes capital gains.

Receiving or buying Bitcoin is much like buying a gift card. Generally there are no income taxes or sales taxes (a notable except is Australia that does charge GST on the Bitcoin amount) but you might have to pay sales taxes or VAT on the fees portion charged by the exchange for the service of selling you the coins. Much like you might have to pay tax on the...

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Our backend system is made for a smooth order process and a quick payout. It should be noted though, that if our backend system detects some inconsistency in the data associated with an order, it will be pick-up for a manual review.

Here are some general rules, which we advise you to follow if you want your bitcoins fast and smooth:

• Name (Only use your real name as stated in your passport and credit card)
• Email address (Use your personal email which must have been in use for at least 12 month)
• Mobile telephone (Enter your own telephone. We do not accept virtual numbers)
• Credit card (Use your own credit card. US-issued credit cards are unfortunately not accepted)
• Bank account (Use only you your own bank account when transferring money to our account)
• IP Address (We need to your capture your actual IP address. Please disable VPN during the order process)
• Bitcoin address (Address associated with dark market or criminal...

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Bitcoin brokerage provider Trucoin has announced the introduction of its first service offerings to customers in Florida, Massachusetts, Missouri, Montana, New Jersey, New Mexico, South Carolina and Texas.

Consumers in these eight US states can now receive instant access to the platform, which boasts social login integration for Facebook, LinkedIn and Google+ as well as previously advertised MasterCard and Visa payment options.

Speaking to CoinDesk, Trucoin president and cofounder Chris Brunner, suggested that company officials have been seeking to provide services to the US market for roughly three years, but that legal compliance requirements were a consistent roadblock.

However, Brunner indicated that Trucoin is now putting this challenge behind it with the goal of serving the US market more broadly, stating:

"We made the decision early on to do everything in a legal and compliant way and that's what we've done. [...] We've partnered with one...

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“I think we will know when bitcoin has reached prime time when it is transferring more value each day than Western Union or Money Gram…”

– Roger Ver, November 2013

Bitcoin money transfer is usually discussed in either sensational or downright misleading way. There is a significant category of Bitcoin or, currently more popular, blockchain stakeholders and observers who seem to be completely vested in this innovative product’s awesome potential and are unable to entertain a deviating opinion. This very smart and capable, but, unfortunately, close-minded group believes that Bitcoin cancels a need for regulation and would soon destroy Visa, Western Union and “banks.” Articles written for and by such audience are easy to find, and we will not link to them to avoid enabling such either outrageously ignorant or deceptive opinions.

Rational view of Bitcoin/Blockchain for Sending Money

In this context, we are always grateful to find discussion about...

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If we want to encourage consumer adoption of bitcoin as a payment system, my disaster story with Expedia and Coinbase surely can't be allowed to happen to others. The saga is almost a month long and still no end in sight as each side now points the finger at the other.

TL;DR- I sent bitcoin as a payment for a hotel booking, which was never acknowledged by the Coinbase payment page, now Expedia can't find it, and neither side has a clue how to refund my bitcoin - even though I can see the proper amount sent to the correct address on the blockchain!

Here's what happened:

Tried to book a hotel on Expedia with bitcoin. Coinbase handles Expedia's bitcoin payments, so when you checkout using this method the Coinbase website comes up showing the bitcoin payment address and amount

I sent the exact amount of BTC requested, immediately

But then... the Coinbase payment screen never acknowledged the transaction and the timer counted all the way down to...

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Whenever bitcoin is bought, sold, or traded, there are tax impacts. We'll discuss how bitcoins and other forms of virtual currency are taxed, and point out record keeping requirements and tax planning techniques that can be utilized. At the end you'll find resources for continuing your own research.

The big picture:

"The key thing going forward is maintaining records, substantially similar to stock," says Jason Tyra, a certified public accountant in Texas who specializes in bitcoin; "Incomplete records might as well be no records."

Why is record keeping such an important topic? Maintaining records is essential for accurately measuring bitcoin-related income.

When it comes to taxes, the Internal Revenue Service has ruled that bitcoins and other "convertible virtual currencies" are "treated as property" and not treated as currency. This concise guidance from the IRS has implications for how bitcoins are taxed, what information is needed to make sure taxes...

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Visa Europe's innovation division cooperates with micro/nanopayment service SatoshiPay to create a pilot software that will combine the two payment systems.

According to the founder of SatoshiPay Meinhard Benn, the startup's micropayment technology will be integrated with Visa card payment system to perform automatic micropayments from a debit/credit card to the SatoshiPay bitcoin wallet. He says that the project aims to “establish a safer method of purchasing small amounts of bitcoin using credit and debit cards.”

According to Benn, Visa intends to find out how the micropayment technology can be applied in the field of machine-to-machine transactions and the Internet of Things. For example, earlier this year the company was exploring the technology to make light bulbs pay for the electricity they use. Visa and SatoshiPay are also planning a joint survey of the audience concerning micropayments for online content.

In February 2016, Visa introduced a software...

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#1. - Join SearchTrade where you get paid with Bitcoin for simply searching online! You use SearchTrade the exact same way you would with Google Search, but except Google doesn't pay you when you do a keyword Search. SearchTrade however spreads their share of payments with advertisers and those who are doing keyword searches online. So for simply doing what you are doing already for free on Google, why not get payed with SearchTrade, Sign up for a Free Account today or find out more at SearchTrade. They currently have an App in which is available for mobile phones, tables and desktop computers.

#2. EoBot - This website provides its users with Online Cloud Mining for Bitcoin & several other Altcoins. Not only do they offer cloud mining but currently have a high paying Bitcoin faucet as well!

Cool thing about this site is that you can use your Free Faucet winnings towards cloud mining contracts or if you happen to purchase a mining contract through...

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Terms of Service, sub-domains, and any associated web-based and mobile applications (collectively, "website") are operated by CoinJar UK Limited (“CoinJar”, “we,” “us”, “our”). We are registered in England and Wales under company number 8905988 and have our registered office at 75 Shelton Street, Covent Garden, London WC2H 9JQ. Our VAT number is 194 6171 84.

By using this website,, you the user ("you", "user", "client", "customer"), are deemed to have read, warrant, agree to and accept these terms and conditions in full.

These Terms and Conditions are an agreement between you, the user, and us, CoinJar. These terms and conditions govern your use of this website and / or services; by using this website and / or services, you accept these terms and conditions in full.

If you disagree with these terms and conditions or any part of these terms and conditions, you must not use this website and / or the...

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The list below shows exchangers sorted by the rate of exchanging Bitcoin to Visa/MasterCard USD. The exchanger with the best rates is at the top of the list, exchangers with worse rates are listed below it. Choose the exchanger with the rate you need and click it to go to the site and exchange the money.

The the first-time visitors of our exchanger monitoring are urged to check-out the video demonstrating all exciting features of our service.

All exchangers specified in the list provide the service of exchanging Bitcoin to Visa/MasterCard USD automatically. You can use our instructions in the FAQ section if you have never exchanged electronic money at our site before and you come across any difficulties with the exchange process.

Keep in mind that change rates Bitcoin Visa/MC can be better when you go to an exchange site from the monitor than when you visit exchangers in a regular way.

If you cannot find how to exchange the money after you...

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Bitcoin investment continues to provide an alternative that offers higher rates than traditional currency in today’s market. Nowhere else in the world will you find a platform that offers you the opportunity to borrow and receive funds instantly no matter where you live and what bank account you have. It’s also completely legal, and operates within the boundaries of national laws around the world.

Best Bitcoin Loan Services

Late last year, powerhouse loan platform BitLendingClub announced a $253,336 seed investment from the European VC fund LAUNCAHub. Other similar platforms that have received seeds on the scene include


, BTCLend and BTCJam. Consider all loans in Bitcoin to be similar to those of corporate bonds with a cut in risk. For example, since it is possible to convert loaned Bitcoins to USD, this is one way of ensuring low-risk investment. It’s also a boost for the economy when money enters into the Bitcoin market,...

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To begin the process, the car is given a unique digital identity, which is registered on the blockchain – the secure ledger database used to record transactions over broadly-distributed computer networks.

This is linked to the customer's DocuSign’s eSignature and integrated with Visa’s payment technology, so that they can pay for the lease and insurance, as well as in-car payments like tolls, maintenance services and parking, on the fly.

"From the driver’s seat, the customer then chooses the lease options for the car – low, mid or high mileage, for example and DocuSigns the leasing contract right there and then. This is all in turn updated on the blockchain," said Mr Hirson.

"They then choose their insurance options in the familiar way – evaluating by coverage, deductible and other factors. They would again DocuSign the agreements, and the blockchain would again be updated."

With the lease and insurance contracts signed and the credit card details...

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Fully Featured ATM Card for Bitcoin and Perfect Money

Web Based Control Panel : You will get complete secure and safe web based control panel to manage your card, you can view your statement, spending, change PIN and password, upload funds, transfer money and many more.
Choice of Visa and Master Card : is offering 2 types of card, it is your choice that you want to receive visa or master. The price and functions are same. Both card accepted worldwide.
Wallet Connectivity : Each Card is connected with specific Wallet ID of the Digital Currency. Suppose, you have ordered Bitcoin ATM Card, then it is connected with unique bitcoin wallet address, this payment address is printed on the back of the card. You can send bitcoin on the printed wallet address and money will be shown as balance in the card. In the same way, Perfect Money is connected with specific account ID like U829384, Webmoney is connected with Webmoney Purse like Z8928399340.

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Network Stats

Hyper funding or crowd funding is the new buzzword that was created to describe the collective effort of various individuals who network and pool their resources, usually via the Internet, to support the development efforts initiated by other people or businesses.

In the last few years, Hyper Funding websites such as have coordinated with regular people and businesses to directly fund over $500 million dollars to close to 100,000 individual businesses and projects, and this trend of venture capital is rapidly increasing...

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