Originally Posted by
eaglesfan371
This is not due to speculation this is to the inability to recover funds in the issue of fraud. There is a lot of fraud in bitcoin.
Many CCs cover fraud and a lot of friendly fraud / scam attempts by card owners have occurred. Back when I sold bitcoin as an exchanger for profit on bitcointalk and localbitcoin, you had to account for Risk. I was scammed $1500 once, nature of the beast. For example it’s nearly impossible to find a bitcoin seller that will accept PayPal as it’s easy to reverse payment on there. Higher risk methods, higher premiums.
TLDR Banks are taking the wise choice to ban bitcoin purchases due to much higher fraud risk, which makes total sense.
If you want bitcoin, it’s a cash only business.