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Topic: [ANNOUNCEMENT] BTC Buy (www.btcbuy.info): trade BTC for gift cards (Read 15097 times)

hero member
Activity: 770
Merit: 502
Why is btcbuy offline?
full member
Activity: 222
Merit: 100
www.btcbuy.info
Sorry for the bad prices. Lately, we are getting a lot of orders, and we are running out of capacity. So, it's either reduce the rate or stop accepting orders altogether. If you see a bad rate, best course of action is to wait

Makes sense. That's exactly what I've been doing. Working out wonderfully so far.
Should I expect that "rounding error" to remain in there or will that eventually get fixed? Less important being able to do $2000-2500 at a time instead of 10 $500 transactions for instance but still there.

You shall. That error originated due to some javascript rounding, that caused system to false flag some orders as invalid, when they really were. But those were the times when bitcoin was worth 5 dollars, not 100, so it wasn't a big deal back then. I could see how that would cause some discontent now.
newbie
Activity: 18
Merit: 0
Sorry for the bad prices. Lately, we are getting a lot of orders, and we are running out of capacity. So, it's either reduce the rate or stop accepting orders altogether. If you see a bad rate, best course of action is to wait

Makes sense. That's exactly what I've been doing. Working out wonderfully so far.
Should I expect that "rounding error" to remain in there or will that eventually get fixed? Less important being able to do $2000-2500 at a time instead of 10 $500 transactions for instance but still there.
full member
Activity: 222
Merit: 100
www.btcbuy.info
Sorry for the bad prices. Lately, we are getting a lot of orders, and we are running out of capacity. So, it's either reduce the rate or stop accepting orders altogether. If you see a bad rate, best course of action is to wait
newbie
Activity: 18
Merit: 0
Is there a reason that the rate is $84.96 right now when it used to (a week ago?) be about what the exchanges were at? (would/should be 93-95 or so now I guess)

Also: Current Amazon $2000 price is 23.56BTC. This is 2001.6576 USD at the 84.96 rate.
Should be 23.54048964218455743879472693032 = 23.54 (or 23.55 if you rounded up) not the 23.56BTC
$500 should be 5.885BTC (5.89 I suppose) not 5.9 as listed
$100 should be 1.17 or 1.18 but is 1.19

and so on. It is a small amount, sure, but it adds up when you do many transactions. Seems like it's round up to nearest .01BTC and add .01BTC although a week or 2 ago the difference was slightly greater if I'm remember right.

Other than the (now) large discrepancy in rate used vs current exchange rates and the slight, let's say, "rounding error", it is a great service that I've used many times and will continue to use once(if) rates are back to normal.
full member
Activity: 222
Merit: 100
www.btcbuy.info
Any possibility of offering amazon.ca certificates?

Constantly evaluating such possibility, as well as .de and .co.uk. Not yet, mainly because we have no presence in those countries, and the cost of buying certificates from USA would rack up so much commission, that nobody will be ordering. There is a chance that we will get something eventually.
hero member
Activity: 590
Merit: 500
Any possibility of offering amazon.ca certificates?
full member
Activity: 222
Merit: 100
www.btcbuy.info
What are the fee's on a $100 Amazon gift card?

I might be misunderstanding the question, but isn't the web site self-expanatory? Here's the screenshot: http://vvcap.net/db/EHE4vOEySMaYqS4ygq7G.htp
full member
Activity: 169
Merit: 100
What are the fee's on a $100 Amazon gift card?
newbie
Activity: 7
Merit: 0
I purchased 2 bitcoins worth of amazon gift card credit and while I did receive the automated messages that my order was being processed. . . I have not received the gift cards.  it has been 24 hours now.  :-(

Edit:  Soon after posting this Sam got back to me and he re-sent the gift card number and it all worked.  Strange glitch in the matrix I guess. 
sr. member
Activity: 292
Merit: 250
Apparently I inspired this image.
I just want to say I used this service for the first time today, and got my code almost immediately after purchase. Thanks, I will be using this service again!
sr. member
Activity: 476
Merit: 250
Power to the people!
yea i bought some cards when they were higher then mtgox i buy a card from you just about every 2 days when i dont gamble them away lol bad habit to get into.
full member
Activity: 222
Merit: 100
www.btcbuy.info
any eta when you might be back at mtgox i noticed they been going up and your prices are droping lol.

Not sure. At one time, it seemed that MtGox is actually improving withdrawal times, but now it is going worse again.

We did have a significant order traffic last week, and even with faster withdrawals, from our alternative brokers, it is very hard to keep up, but when there is an extra 1-2 week when your cash is held, it is virtually impossible to do business.

So, I guess the answer to your question is "I don't know"

I see maybe using mutiple exchanges same time could help keeping cash flowing in faster  btw not trying to complain just tossing out any ideas could help you i know you have to make a profit and keep enugh funds to be able to do orders.

I'm aware the prices are not at the peak now, but last few days my exchanges were often giving prices better than on mtgox. Which I'm inviting you to take advantage of.
sr. member
Activity: 476
Merit: 250
Power to the people!
any eta when you might be back at mtgox i noticed they been going up and your prices are droping lol.

Not sure. At one time, it seemed that MtGox is actually improving withdrawal times, but now it is going worse again.

We did have a significant order traffic last week, and even with faster withdrawals, from our alternative brokers, it is very hard to keep up, but when there is an extra 1-2 week when your cash is held, it is virtually impossible to do business.

So, I guess the answer to your question is "I don't know"

I see maybe using mutiple exchanges same time could help keeping cash flowing in faster  btw not trying to complain just tossing out any ideas could help you i know you have to make a profit and keep enugh funds to be able to do orders.
full member
Activity: 222
Merit: 100
www.btcbuy.info
any eta when you might be back at mtgox i noticed they been going up and your prices are droping lol.

Not sure. At one time, it seemed that MtGox is actually improving withdrawal times, but now it is going worse again.

We did have a significant order traffic last week, and even with faster withdrawals, from our alternative brokers, it is very hard to keep up, but when there is an extra 1-2 week when your cash is held, it is virtually impossible to do business.

So, I guess the answer to your question is "I don't know"
sr. member
Activity: 476
Merit: 250
Power to the people!
any eta when you might be back at mtgox i noticed they been going up and your prices are droping lol.
full member
Activity: 165
Merit: 100
when will amex, visa gift/prepaid cards be offered?

I have been trying to find options, but unsuccessfully so far. Those all come with caveats, which renders them useless, such as:

- must order physical card (means must pre-order, cannot issue fast)
- before usage, must register and verify name/address/age/ssn/phone #
- some will even impose monthly fee if not spent

if you know where can I get them without above-mentioned caveats, let me know, I will be happy to offer
Try vanilla visa.
http://www.walmart.com/ip/Visa-100-Gift-Card/16513386
http://www.walmart.com/ip/Visa-200-Gift-Card/20625678
http://www.bitmit.net/en/trade/i/4842-us-500-visa-gift-card/description

PS. If you sell prepaid cards which can pull cash out at ATMs, then you will get more business than you can handle.
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