Quote:
Originally Posted by 12clicks
eh, not something I'll use. It's only a matter of time before the feds screw the whole system and make examples out of a few Americans.
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As far as I remember there have already been a couple of cases, they are focused on the illegal usage of botcoin.
I think it could be a great opportunity to increase sales and at the same time serve as a risk since no real presedence have been established as of yet.
If I was utilizing such a service I would want to ensure that my cc gateway and bitcoin gateway is 2 different entities and there is absolutely no comingling of funds, at least if it's a US entity. if it's EU or offshore I would be a bit more relaxed about it.
with most other payment methods, there is always a trail leading back to a point where someone have performed a know your customer check if it's required by law. not sure if that is the same for bitcoin which could put the processor at risk.. that's just ny 2 cents, I don't know a lot about bitcoin so I'm not really the most qualified person to speak about the subject