Great work guys as this is an important step to make the coin accessible to all!
I know it seems a weird request but can you please add paypal as a payment method ?
The next great leap will be the wallet as using the coin out and about becomes a reality.
How is the API and wallet coming along ?
Thanks 24core, I think making SLG available to those who don't want to go through the hassle of buying Bitcoin and exchanging it for SLG is an important step to improving adoption.. As for PayPal, I have considered it, but due to fraud and the problem of chragebacks I don't think it will happen any time soon. It's too much of a risk from my perspective, I have spoken to people who run similar platforms who have had to close their doors due to a few fraudulent orders causing them to make a significant loss.
Chargebacks are a massive risk when using paypal for crypto. They often lock your paypal account while its under dispute.
Yea it's too much of a risk, that's why most PayPal > BTC gateways ask for a lot of verification and charge a ridiculous markup, just to cover their arses. BuySLG.com currently only accepts UK bank transfers, due to the fact UK banks generally have very good security (online banking devices and security questions etc) and in 90% of cases the payments are instant.. And since more and more people in the UK use online banking it seems like the most secure and pain free way to do things.