NETbilling and Bitcoin / biz thread

[NemesisEnforcer]

Originally Posted by NETbilling

Hi,

We are in the early stages of looking at all possibilities. Obviously we will not get in to anything risky.

Mitch

Please keep us posted as progress is made.

[NETbilling]

Originally Posted by NemesisEnforcer

Please keep us posted as progress is made.

I sure will.

[Fucking myself]

Great news ! We just started accepting BTC with Bitpay but it would be very handy to use Netbilling for that.

[adultmobile]

Originally Posted by edgeprod

Incidentally, here's FinCEN's new advisory:

http://www.coindesk.com/fincen-bitco...-transmitters/

Awesome news for those of us with large mining investments and crypto holdings.

I read coindesk daily too and today we got:

Bank Stops Working With Bitcoin Exchange CampBX Due to ?Regulatory Uncertainty?
http://www.coindesk.com/bank-stops-w...y-uncertainty/

The issue is not the government but the banks. They're private companies and can kick you out this way on surprise.

[jscott]

Glad to see Netbilling inquiring about this. I really hope to see you guys allowing customer payments from bitcoins and affiliate payouts thru bitcoins too

[dyna mo]

Originally Posted by adultmobile

I read coindesk daily too and today we got:

Bank Stops Working With Bitcoin Exchange CampBX Due to ?Regulatory Uncertainty?
http://www.coindesk.com/bank-stops-w...y-uncertainty/

The issue is not the government but the banks. They're private companies and can kick you out this way on surprise.

Perhaps the simple solution for Netbilling to avoid this is to keep it simple and only do bitcoin payouts, no exchange to dollars.

[adultmobile]

Originally Posted by dyna mo

Perhaps the simple solution for Netbilling to avoid this is to keep it simple and only do bitcoin payouts, no exchange to dollars.

Yes, getting bitcoins from user address and passing-on bitcoins to adult site address should be nothing banks will care at. But not all the netbilling customers may like to get paid in bitcoin, getting cash may be more nice. In that case I would simply use a different bank for the bitcoin thing, so if account it is closed it does not interfere with visa/mc main flow.