Basically, a user will enter their Credit Card in groupon's website, and they will go to the merchant and pay with that same credit card, and they will automatically get a specific percentage back to

Depending on the rules set by the merchant.

For example, lets assume there is a single processing node (called NODE), and there is a typical buyer (called 'A') and a merchant (called 'B') and A wants to send money to B.

So I was wondering when you go to buy a VPS using bitcoin then you are shown a page by merchant where the bitcoin to be sent along with address is shown. On top they say something like "you h

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Because I don't want to hire them as a bank, I don't want their banking services. I want them to process my credit card like a grocery store or any other merchant does without requesting a bunch of in

* Register a merchant account with selected Bitcoin gateway.

It is not visible if credit or prepaid to most merchant account users. For all we know you come along with an IP in Ghana and eg. a US issued VISA card (like from Walmart) and that will get you marked

* Increase their charge back rate, which puts in risk their merchant account

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I did verification of my business to get my merchant account, EV SSL etc, they require your first born, your blood type AND your drivers license. I swear they are trying to clone you and make driver

Just got this.

Stripe converts bitcoins to currency upon receiving payment.

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Yea. You should also accept credit cards directly without a merchant account, and build your own data center so you don't have to pay those pesky middle man fees. In fact, why are you shopping for con

Coinify stopped trading temporarily and any merchant using it, including us, cannot take payments right now https://www.coinify.com/status.

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They could process your refund that same day. But depending on how you paid for the service it could take 3 to 7 business days for the merchant and your bank to put the funds back to your account.

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That's what high risk merchant accounts are for. Don't go with the cheapest merchant account, go with merchant provider who understand your line of business and is not "scared of charge backs