For now, although most Bitcoin owners are a bit skeptical about credit card purchases of Bitcoins, there are several who deal with purchases using credit card. The main reason is because there is no physical product received over the purchases. With this, the credit card owner can just easily call the credit card company and reverse the payment. On the part of the buyer, there is doubt in paying the Bitcoin owner using your credit card information. What if the Bitcoin owner will use your credit card information for other purchases, since you gave your information? That is another danger of using a credit card to purchase Bitcoins.
The best way in buying Bitcoin using credit card will be through Paypal. Personally, I can’t think of anybody who does online transaction that does not have Paypal account. To be safe, put money into your Paypal account using your credit card and use your Paypal account for your Bitcoin purchases.
There are several websites that sells Bitcoins, and if you look at it closely, they are also using Paypal to process online transactions. We do not have to argue why they use Paypal.
Another way of purchasing Bitcoins is through the Virtual World Exchange, commonly known as VirWox. There are lots of Bitcoin owners that sell Bitcoins in the site. You can buy what they call Second Life Lindens or mostly known as SSL using your credit card and exchange them to Bitcoins. VirWox does the process using Paypal, so we can say it is still relatively safe. Except that in Paypal, you don’t have more options in purchasing or checking on the Bitcoins before considering buying it.
