I was using bitinstant to fund paypal months ago. For a lower fee as well. You transfer from your exchange to virwox (0.89% fee from bit instant. 1% btc deposit fee from virwox) Then just withdrawl from virwox to paypal (2% fee+ 1 USD) for a total of 4.89% in fees on $100. If you withdrawl more than $100 the fee is less because the dollar is fixed. Why would anyone do it this way for 6%? I guess it could be handy for really small deposits. Maybe there is an amount that will work out to have greater than 6% fee if the withdrawl is small enough. You should add a volume discount. The 6% is just insulting to those who use the same service from the same company for an average of 2% less.
Not sure if you remember this, but our accounts were shut down and over 20k frozen. In order to get this back, we have to pay a middleman. I understand its a premium service, and there are always other options for you to use.
Why the multiple threads?
People tend to think that by posting on the "Bitcoin Discussion" board will get them more views.
Sorry, I didnt realize I made 2 threads. Feel free to delete the other one.
I can't delete it. Also, it's the other one that is posted on the correct board.
Well … don't know official policies but for tis long awaited feature it's the right board. Move it else where in a week.
Long awaited feature that Tangible Cryptography have available for at least 2 months and that Spendbitcoins.com have available for more than 6 months? Is that what you're talking about? Doesn't seem the slightest bit innovative to me.
https://bitcointalksearch.org/topic/ann-finally-bitcoin-withdrawals-to-paypal-from-fastcash4bitcoins-90240https://bitcointalksearch.org/topic/btc-paypal-usd-now-fee-free-54896Also, this is my personal opinion, take as you wish.
Bitinstant is NOT bitcoin. Their service is NOT a long awaited feature as it clearly existed long before.
Their PR is better? Probably, but maybe that is because they are posting their threads in the wrong place.
There is no need to hate on us PSY.
We are providing a service to our customers because they trust our A+ reputation and everything we do for Bitcoin.
If you don't like it, you could leave.
'Bitinstant is NOT bitcoin' - Thats just insulting. We've spent thousands of dollars on Bitcoin sponsorships at events around the world, got Bitcoin more press than ever, and saved everyone when TradeHill went down. We're one of the largest Bitcoin companies by volume and are on the front lines of Bitcoin advocacy. We give jobs to over 10+ people who can put food on their tables. We love what we do.
What do you do for Bitcoin?
