Is there a plug in for credit card charges to be converted automatically into bitcoin Is there a trusted payment processor that is secure and is able to do the sequence of actions detailed below?


Accept credit card transactions from customers and apply them to purchasing bitcoin &amp; then
Send the newly purchased bitcoins through a series of e-wallets
Before converting the bitcoins into USD and making a final deposit into the Merchant's bank account of choice


In addition, if there is a more suitable cryptocurrency than bitcoin than I am happy to use an altcoin.
No, and there likely will never be. The reason for this is that bitcoin transactions (and all other crypto currencies as far as I know) are none reversible while credit cards transactions are, for up to about a month at most banks. This means that if someone buys bitcoins with stolen credit card information and you give them the bitcoins, and then a week later the bank tells you the transaction was fraudulent, you will have to return the money, but you are never getting the bitcoins back. 

A way around this would be for the seller to hold on to the bitcoins for a month and wait for the credit card transactions to definitely go through before dispersing the coins, but with the price of bitcoin as volatile as it is, I don't see this happening.