Offshore company only accepting bitcoins does it work?

Discussion in 'Offshore Business Discussion' started by I'mRobot, Dec 21, 2016.

  1. I'mRobot

    I'mRobot Offshore Agent

    In my research to enter into some ultra high risk business which will attract people you can't trust at all, I want to secure my money somehow! I was wondering if accepting bitcoins is 100% chargeback secured?

    Would it be safe to only accept BitCoins if you know that the person on the other end is a criminal or he try to scam you one way or another? I mean once the transaction is executed will he be able at any point to get his money back?

    Can he sue the offshore company itself? I mean write to the registry or do something that will reveal the information of beneficial ownership of the offshore company say in the Seychelles or Belize?
    maxmoney, cutmetwo and uplana like this.
  2. uplana

    uplana Corporate Services Trusted Member

    It can work but the questions is why would you like to do business with these people?

    It is as far as I know not possible to make any chargeback with BitCoins it is similar to a Wire Transfer where the transaction is final once it is send!
    maxmoney and I'mRobot like this.
  3. I'mRobot

    I'mRobot Offshore Agent

    From what I read the bitcoin payment is final, that's good :)

    Does someone know what happen with the offshore company in such case they can't get the money can they force the company to be closed you think?
  4. cutmetwo

    cutmetwo Member

    I signed up for an business account with Advance Cash seems all get verified. Will report back here once all is done. If it works I will have a Bitcoin wallet and options to receive wire transfer for third party, that's all I need. Including the MasterCard debit card it's awesome :)
  5. maxmoney

    maxmoney Active Member

    I have setup a offshore company in the Seychelles which only has a digital currency account and debit card. It's awesome and trouble free. The best thing I have done ever.