Bitcoins with American Express

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puppy
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Bitcoins with American Express

Postby puppy » Sun Apr 13, 2014 9:54 am

hi all,
could anyone please tell me where could I buy bitcoins or any (excluding paypal) ewallet alternative funds (skrill, liqpay, egopay, etc) with my American Express credit card? The only possibility I know is VirWox but it is useless since limit is tens of thusands of times too low and cannot wait months to get it lifted. Please kindly know that I am Not asking about the reasons why someone might not accept American Express or even generally credit card payments. Im only asking where could I buy bitcoins using AE? Additional possibility is localbitcoins.com, although it cannot be funded with AE but one of the options there is AE's Serve payment. However no vendor is asking for such payment. Please help.


darkguy2
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Postby darkguy2 » Mon Apr 14, 2014 1:23 am

I am pretty sure that Amex is anti-bitcoin. They do not like it and they will not be happy if they find out a business who take their cards is acting like a market. Plus if you think about it buying bitcoins is like buying USD. It is basically a cash advance. What is stopping you from buying a bunch of bitcoins and then turning around and dumping them to get the cash?
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puppy
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Postby puppy » Mon Apr 14, 2014 6:32 am

How could i buy bitcoins if I don't know who accepts AE credit card payment? Suggesting me to try different payment method is completely offtopic, I have never asked anything like that. Only AE cc payment. If appropriate escrow service used, I would definitelly be willing for the seller to first withdraw my AE payment, not just to his/her/their bank account but also to the pocket and only AFTER counting the dollar bills, release from escrow or send to me the bitcoins. I would never ask anyone to send me btc first due to obvious reasons.

Im sure there are some online stores willing to sell bitcoins along other products such as laptops, cameras, etc but Im having extreme troubles finding for such stores that would be willing to sell unlimited about of bitcoins.

The most close possibility I have seen so far is checking localbitcoins.com and hoping someone will accept AE Serve payment which CAN be funded with AE cc. However not even this isn't solution - too few such sellers and extremly small amounts of bitcoins.

Being aware bitcoin will never be able to be deposited directly with AE (why am I mentioning only AE instead of all ccs? because i only have AE) but obviously Im searching for intermediate location - store, vendors, etc. Not even on freelancer.com anyone sells bitcoins.

linuxmachine
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Postby linuxmachine » Mon Apr 14, 2014 12:53 pm

nvm... i change my mind

puppy
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Postby puppy » Mon Apr 14, 2014 3:23 pm

About what?

linuxmachine
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Postby linuxmachine » Mon Apr 14, 2014 6:09 pm

about offering my knowledge on this. i edited my post (since i couldn't figure out how to delete) :)

puppy
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Postby puppy » Fri Apr 18, 2014 5:26 am

so could anyone give some tip please?

travisrauh
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Postby travisrauh » Fri Apr 18, 2014 11:40 am

You are unlikely to find a merchant selling bitcoins to accept American Express - and if they are, they're in breach of our merchant agreement. We consider Bitcoin to be a cash equivalent, and would therefore need to charge you the "Cash Advance" fees and APR. The problem is someone could buy bitcoin with their card as a purchase, sell the bitcoin for the cash, pay the bill, and get the points without having made any real spend. It devalues our rewards programme. I hope this helps to explain why you've been having such difficulty.
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mdl28
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Postby mdl28 » Fri Apr 18, 2014 11:44 am

puppy wrote:hi all,
could anyone please tell me where could I buy bitcoins or any (excluding paypal) ewallet alternative funds (skrill, liqpay, egopay, etc) with my American Express credit card? The only possibility I know is VirWox but it is useless since limit is tens of thusands of times too low and cannot wait months to get it lifted. Please kindly know that I am Not asking about the reasons why someone might not accept American Express or even generally credit card payments. Im only asking where could I buy bitcoins using AE? Additional possibility is localbitcoins.com, although it cannot be funded with AE but one of the options there is AE's Serve payment. However no vendor is asking for such payment. Please help.


Seriously? Have you not heard the news on bitcoins... I myself was once interested in them. Bitcoin exchange is in a "bit' of a pickle right now. I wouldn't touch then with a 10 foot pole. And why so interested in using Amex? To answer your question, I don't know.
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FastSRT8
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Postby FastSRT8 » Fri Apr 18, 2014 12:15 pm

Bitcoin is 'garbage' those that make money on it have done so because they were the pioneers of the scam.

The scam was fed by people who came in later hoping to make money.

Some did but believe me, a lot have lost.
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