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.