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A short history lesson: When people first started setting up actual business based on bitcoin, they used all the tools open to any merchant processing. They sold by credit card and PayPal. The challenge with this business design was quickly spotted: bitcoin transactions are not reversible by anyone except the recipient of the moolah. Credit cards and PayPal have strong buyer protection policies that allow it to be relatively possible for people to request a chargeback. So, bitcoins atm realized this and began making purchases of bitcoin and then sooner or later requesting a chargeback. And, since bitcoin is really a non-physical product, sent by new and poorly understood technological means, the sellers were cannot contest . Because of this, sellers stopped accepting credit cards and PayPal.
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