PayPal Announces First Partnerships in Bitcoin Space

PayPal has announced partnerships with three major payment processors in the bitcoin space – BitPay, Coinbase and GoCoin.
Though the online e-commerce pioneer stopped short of integrating bitcoin into its digital wallet or payment processing services directly, the move marks PayPal's first formal offering to the bitcoin community.
In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables customers to accept credit cards, mobile carrier payments and other payment methods through a single integration.
Ellison lauded BitPay, Coinbase and GoCoin for their commitment to ensuring consumer protections on their platforms, while suggesting that the offering will appeal to a number of its key customer groups, writing:

"We believe digital goods merchants will be excited to work with these industry-leading companies to sell ringtones, games and music and get paid with bitcoin."

Notably, the announcement follows the decision of PayPal subsidiary Braintree to partner with Coinbase earlier this month.
PayPal is available in 193 markets and 26 currencies. With 143 million active registered accounts and $6.6bn in revenue at the end of 2013, the e-commerce giant brings the potential for new users and new business to the bitcoin economy.

Embracing innovation

Ellison went on to suggest that PayPal is committed to embracing innovation, and that this has lead to its early support of bitcoin. Further, he suggested the company will be monitoring its first formal bitcoin trial to assess how it moves forward with the payment method, writing:

"We’re proceeding gradually, supporting bitcoin in some ways today and holding off on other ways until we see how things develop."

PayPal cited its commitment to allowing businesses freedom of choice and promoting safer buying experiences as key reasons for its decision.
BitPay, Coinbase and GoCoin will pay a referral fee to PayPal for new business they gain through the platform, meaning their existing pricing structures will be unaffected by the move.

How To Buy Bitcoins With Your Credit Card Part Two

CoinMama

CoinMama offers its services worldwide including the US. Instantly buy bitcoin using credit/debit card. Users can also use cash to purchase via Western Union and MoneyGram. With over 2 years of reputation, CoinMama is known for its fast straight forward services.

CoinMX

CoinMX - Accepts worldwide users (mainly from the US). you can use your credit card to fund your CoinMX account and buy BTC or LTC currencies. Requires verification of identity by sending a video holding a government issued ID (e.g. passport) to the site.

Cryptonit

Cryptonit.net allows you to make deposits in USD and EUR using Paypal. After you deposit USD/EUR you can trade it to BTC. In order to deposit via Paypal you must pass verification procedure: you will have to provide a set of documents and pass a video interview. Cryptonit has Paypal deposits enabled since October 2013. Daily deposit limits via paypal are 300 USD/EUR. It is important that you deposit Cryptonit account using your Paypal balance but not a credit card.

Indacoin

Indacoin.com Indacoin is a global platform that lets people from all over the world buy bitcoins with a credit or debit card. We have clients from the US, Canada, UK, Germany, France, Russia, Ukraine, Spain, Italy, Poland, Turkey, Australia, Japan and many others. Live chat is also available for our customers.The verification is extremely simple: you need to enter a code from the bank statement and a code from the sms. It won't take more than 15-20 minutes.

MeetPays

MeetPays is a Spanish Startup that provides secure and comfortable tools to buy bitcoins instantly anywhere, anytime.

Trucoin.com

Trucoin - allows users to buy Bitcoin with credit and debit cards. Trucoin is the first properly licensed money service business to offer this service and serves U.S. customers in Alabama, Arizona, Arkansas, American Samoa, Connecticut, District of Columbia, Florida, Georgia, Idaho, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, New Jersey, New Mexico, North Dakota, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Wake Island, West Virginia, and Wyoming, with more states and worldwide locations coming soon.

Virwox

The Virtual World Exchange also known as VirWox allows you to buy SLL (Second life Lindens) with all major credit cards which you can then exchange to Bitcoins on VirWox itself. The process is done through the use of Paypal, so every credit card which Paypal accepts is eligible to be used in this process.

Avoiding Scams

Before using any service it is a good idea to look for reviews and feedback from previous customers. This can be done by simply googling the name of the website or company. The bitcointalk forums are also a good place to find discussions and reviews about services. As far as we know, these are the only two services that can reliably be used to buy bitcoins with your credit card.

How To Buy Bitcoins With Your Credit Card

Intro

While it is risky for sellers to offer this option, some services now will allow you to buy bitcoins with your credit card. However, that does not mean it is entirely risk free, if you are from Asia or Africa your funds may be frozen by credit card payment processors for further inspection due to the large amounts of fraud that come from those continents.
Note: If you only want to take advantage of Bitcoin's price volatility You can trade CFDs on Bitcoin via a credit card on sites like AvaTrade or Plus500. When trading online your capital may be at risk. Trading CFDs is suitable for more experienced traders.

247exchange

247exchange.com allows to buy Bitcoin with credit and debit cards. Visa, MasterCard, Maestro, Visa Electron supported. All kinds of cards, including the prepaid ones, accepted. Different currencies - USD, EUR, GBP - offered. Secure service having a license for financial activity and PCI compliance certification. Requires user verification (to avoid fraudulent transactions). Currently the service doesn't work with users from USA and Canada (it requires to have the additional licenses which the company plans to get in 2015-16).

BitcoinGiftCard.org

"Bitcoin Gift Card" allows customers from around the world to purchase Bitcoin gift cards & pay by credit card through PayPal. Gift cards are shipped to a physical address provided by the customer, so it can take 2 or 3 days to get your Bitcoins in the US & Canada or up to 1 week outside of North America.

Bitcoin Insanity

Bitcoin Insanity offers multiple payment methods, making purchasing bitcoins a breeze. They accept all major credit cards, PayPal, bank wires, and cashiers checks. Payment is done either through Paypal's terminal or Mijireh Checkout.

BitSource.org

BitSource.org - BitSource - BitSource now accepts all major credit cards (Visa, Mastercard, Discover, American Express) and ACH account funding options. Be sure to read the FAQ before depositing.

Bittylicious

Bittylicious allows users in Europe (E.E.A.) to buy bitcoins using a credit or debit card, as long as the card is 3D Secure enabled. Users need to validate ID before purchasing.

Brawker

Brawker is a platform where bitcoin owners can order anything they want on the Internet and have it paid by someone else in fiat money who will then take the bitcoins in exchange. Bitcoin owners can order anything they want on the Internet and get a 6% cash back on their purchase. People interested in buying bitcoins can do so by fulfilling someone else's order with their credit card or Paypal account and obtain the equivalent amount in bitcoins.

CC2BTC

CC2BTC.NET allows users from anywhere in the world to buy Bitcoin vouchers with Credit Card. Voucher issued instantly, but the "unlock" code is mailed by priority mail. Payments will transact over Stripe

CEX.IO

CEX.IO Bitcoin Exchange allows users to buy Bitcoins for USD or EUR with payment card (credit/debit card, prepaid card, etc.) or wire transfer and withdraw earnings at one place. Deposits in USD and EUR available. On October, 2014 CEX.IO enabled EUR deposits via SEPA and claimed to benefit its users with lower fees.

CleverCoin.com

CleverCoin Bitcoin Exchange based in The Netherlands that allows user to buy, sell and store bitcoins for EUR. Payment options are iDEAL, SEPA and credit cards (VISA and MasterCard).

Buy Bitcoins With Paypal & Credit Cards!

Paypal and Bitcoin Streamline the Online Purchasing Process

Paypal is one of the most trusted and popular services for online transactions these days. Paypal is everywhere now, as many merchants and traders have adopted it with open arms.
Bitcoin is another method of conducting online transactions, which has carved out its own place in the market. Bitcoin is a decentralized, digital currency, with a fixed supply, that reduces the need for using physical or hard money.
On one hand, Paypal makes online, fiat transactions fast and easy. On the other hand, Bitcoin is both a currency and payment system that operates independently of the fiat monetary system, thereby making online purchases more like an equivalent of cash purchases in the real world—whereas Paypal is merely an intermediary between the Internet and a Physical bank.
The speed, security, and convenience of Bitcoin has of course created an ever-increasing demand for the digital currency. As a result, online Bitcoin exchanges—a popular avenue for buying and selling bitcoins—have popped up in droves.
However, one may ask the question: can I buy bitcoins using Paypal, so I do not have to directly link my bank account to a Bitcoin exchange? Yes, here’s how:
Successfully Buying Bitcoins With Paypal

Many people who have used Bitcoin and Paypal say that using Paypal to buy Bitcoin is a very difficult process. If we take a glance at the previous track record of buying Bitcoin via Paypal, we will see that people have indeed faced many inconveniences with Paypal. These difficulties arise due to recurring situations where a person uses Paypal to buy Bitcoin, and then initiates a chargeback, in which the person claims to never have received the bitcoins, and demands a refund from the Bitcoin seller. It is said that Paypal often favors fraudulent merchants, so most Bitcoin traders expect this system to be dangerous with a high chance of having their money stolen, and may opt to refrain from purchasing bitcoins through Paypal.
It is possible to successfully use paypal to buy bitcoins, though, and sell them for a higher prices through online marketplaces, such as LocalBitcoins and eBay. There are two methods that will allow one to buy bitcoins with Paypal: Virwox or credit cards. Virwox charges a commission fee for using its services, but it is, by far, easier to buy bitcoins through Paypal with Virox than by using a credit card. Therefore, we will show you how to use Virwox to successfully buy bitcoins through Paypal.
How to Buy Bitcoins With Paypal by Using Virwox

We have Created a tutorial to explain the Virwox method—here is a general overview of the steps you will have to take to use this process:
– Visit the website Virwox.com
– Register for an account on that website.
– Then, add funds to your Virwox account via Paypal
– Buy Linden$ (SLL) with USD/EUR
– Buy bitcoins with your linden$ (SLL)
– At least send your Bitcoin to your wallet.