[Automated] [No ID] xBTC.co - Buying and Selling Bitcoins via Paypal

lightyard12

member

Activity: 98

Merit: 10

Quote from: xbtc.co on August 16, 2016, 04:56:41 AM

Quote from: PTCSuccessBlog on June 22, 2016, 09:42:47 AM

Quote from: xbtc.co on May 16, 2016, 01:45:27 AM

Big Announcement! Major Fee Cuts
Due to popular demand, we have changed our website currency to deal in USD only. As a result, we have also switched the exchange which we use to provide Bitcoin services.

What does this mean for you?
Primarily, it means lower fees. If you have USD in your Paypal account, you will benefit greatly from this.

What are the fee changes?
Here are all of the places where the fees have changed:

Paypal Currency Conversion
As I am typing this, Paypal offers a USD to NZD rate of 1 USD to 1.41522 NZD. According to google, the real market rate is 1.47590584. Since you don't need to do this conversion any more, you will save 4.2% in currency conversion fees!

Paypal Processing Fees
While I was operating in NZD, Paypal charged me 3.9% + 0.45 NZD. Now that I have switched to USD, Paypal is charging me 3.4% + 0.3 USD. I'm passing all of these savings on to you, meaning you save another 0.5%.

Market Spread
Independent Reserve had very large spreads (difference in Buy Price and Sell Price). Right now their prices are 671 NZD (sell) and 684.99 (buy). This is a spread of 2%! Meaning if you purchased at this exchange, then sold for USD at MTV, you would lose 2% instantly. BitFinex (the new exchange) has rates of 457.38 (USD) Buy 457.28 (USD) Sell, a spread of just 0.02%. If you are depositing into MTV, you could be paying up to 1.9% less! Otherwise this should easily save you another 0.8%

Exchange Fees
Our new exchange only charges us 0.2% per transaction, instead of 0.5% which Independent Reserve charged us. This allows us to lower some of our fees. We have lowered our sell fee to just 0.05%, saving you another 0.35%.

Maximum Total Savings: 6.6% in Fees
Total Discount (relative to previous fees): up to 41%

What else has changed?
We have converted all of our affiliate balances into USD. We have used the current market rate to convert the currencies, and then we have given you an extra 15% to compensate for this conversion.

These are all estimations, but they should be pretty close to reality. I would love to hear the results of our new exchange process.
Buy and Sell Bitcoins via Paypal

Good day to you.

I just sent you my bitcoin balance to be converted into FIAT currency to PayPal

I sent it to this address:
1LeATAGLrVbAcNuKERJ8vyeKyEZH3RX58f

Here is the BlockChain Info:
https://blockchain.info/address/1LeATAGLrVbAcNuKERJ8vyeKyEZH3RX58f

I sincerely hope that I get the money in my PayPal account ...
because the BitCoin community is seriously getting tired of scam artists
messing up a good thing.

UPDATE:

There has now been over 16 Confirmations of this Transaction:
https://blockchain.info/tx-index/15013d643bc871862030a4dc0397a8a1f098fd1af6d91bea1c50b14e0e7012f1

What's going on?

Should there not be a payout to my PayPal account by now?

Hey man! Sorry, we don't check here for support reasons.

Unfortauntely, Paypal did suspend our account and we made every effort to contact customers and refund them. Can I ask if you have received a refund?
If you haven't we will do everything we can to rectify this situtation!

Why did paypal suspend your account? They are now pro-bitcoin(you can sell bitcoin for paypal via coinbase) FYI.

xbtc.co

newbie

Activity: 9

Merit: 0

Quote from: PTCSuccessBlog on June 22, 2016, 09:42:47 AM

Quote from: xbtc.co on May 16, 2016, 01:45:27 AM

Big Announcement! Major Fee Cuts
Due to popular demand, we have changed our website currency to deal in USD only. As a result, we have also switched the exchange which we use to provide Bitcoin services.

What does this mean for you?
Primarily, it means lower fees. If you have USD in your Paypal account, you will benefit greatly from this.

What are the fee changes?
Here are all of the places where the fees have changed:

Paypal Currency Conversion
As I am typing this, Paypal offers a USD to NZD rate of 1 USD to 1.41522 NZD. According to google, the real market rate is 1.47590584. Since you don't need to do this conversion any more, you will save 4.2% in currency conversion fees!

Paypal Processing Fees
While I was operating in NZD, Paypal charged me 3.9% + 0.45 NZD. Now that I have switched to USD, Paypal is charging me 3.4% + 0.3 USD. I'm passing all of these savings on to you, meaning you save another 0.5%.

Market Spread
Independent Reserve had very large spreads (difference in Buy Price and Sell Price). Right now their prices are 671 NZD (sell) and 684.99 (buy). This is a spread of 2%! Meaning if you purchased at this exchange, then sold for USD at MTV, you would lose 2% instantly. BitFinex (the new exchange) has rates of 457.38 (USD) Buy 457.28 (USD) Sell, a spread of just 0.02%. If you are depositing into MTV, you could be paying up to 1.9% less! Otherwise this should easily save you another 0.8%

Exchange Fees
Our new exchange only charges us 0.2% per transaction, instead of 0.5% which Independent Reserve charged us. This allows us to lower some of our fees. We have lowered our sell fee to just 0.05%, saving you another 0.35%.

Maximum Total Savings: 6.6% in Fees
Total Discount (relative to previous fees): up to 41%

What else has changed?
We have converted all of our affiliate balances into USD. We have used the current market rate to convert the currencies, and then we have given you an extra 15% to compensate for this conversion.

These are all estimations, but they should be pretty close to reality. I would love to hear the results of our new exchange process.
Buy and Sell Bitcoins via Paypal

Good day to you.

I just sent you my bitcoin balance to be converted into FIAT currency to PayPal

I sent it to this address:
1LeATAGLrVbAcNuKERJ8vyeKyEZH3RX58f

Here is the BlockChain Info:
https://blockchain.info/address/1LeATAGLrVbAcNuKERJ8vyeKyEZH3RX58f

I sincerely hope that I get the money in my PayPal account ...
because the BitCoin community is seriously getting tired of scam artists
messing up a good thing.

UPDATE:

There has now been over 16 Confirmations of this Transaction:
https://blockchain.info/tx-index/15013d643bc871862030a4dc0397a8a1f098fd1af6d91bea1c50b14e0e7012f1

What's going on?

Should there not be a payout to my PayPal account by now?

Hey man! Sorry, we don't check here for support reasons.

Unfortauntely, Paypal did suspend our account and we made every effort to contact customers and refund them. Can I ask if you have received a refund?
If you haven't we will do everything we can to rectify this situtation!

PTCSuccessBlog

newbie

Activity: 57

Merit: 0

Quote from: xbtc.co on May 16, 2016, 01:45:27 AM

Big Announcement! Major Fee Cuts
Due to popular demand, we have changed our website currency to deal in USD only. As a result, we have also switched the exchange which we use to provide Bitcoin services.

What does this mean for you?
Primarily, it means lower fees. If you have USD in your Paypal account, you will benefit greatly from this.

What are the fee changes?
Here are all of the places where the fees have changed:

Paypal Currency Conversion
As I am typing this, Paypal offers a USD to NZD rate of 1 USD to 1.41522 NZD. According to google, the real market rate is 1.47590584. Since you don't need to do this conversion any more, you will save 4.2% in currency conversion fees!

Paypal Processing Fees
While I was operating in NZD, Paypal charged me 3.9% + 0.45 NZD. Now that I have switched to USD, Paypal is charging me 3.4% + 0.3 USD. I'm passing all of these savings on to you, meaning you save another 0.5%.

Market Spread
Independent Reserve had very large spreads (difference in Buy Price and Sell Price). Right now their prices are 671 NZD (sell) and 684.99 (buy). This is a spread of 2%! Meaning if you purchased at this exchange, then sold for USD at MTV, you would lose 2% instantly. BitFinex (the new exchange) has rates of 457.38 (USD) Buy 457.28 (USD) Sell, a spread of just 0.02%. If you are depositing into MTV, you could be paying up to 1.9% less! Otherwise this should easily save you another 0.8%

Exchange Fees
Our new exchange only charges us 0.2% per transaction, instead of 0.5% which Independent Reserve charged us. This allows us to lower some of our fees. We have lowered our sell fee to just 0.05%, saving you another 0.35%.

Maximum Total Savings: 6.6% in Fees
Total Discount (relative to previous fees): up to 41%

What else has changed?
We have converted all of our affiliate balances into USD. We have used the current market rate to convert the currencies, and then we have given you an extra 15% to compensate for this conversion.

These are all estimations, but they should be pretty close to reality. I would love to hear the results of our new exchange process.
Buy and Sell Bitcoins via Paypal

Good day to you.

I just sent you my bitcoin balance to be converted into FIAT currency to PayPal

I sent it to this address:
1LeATAGLrVbAcNuKERJ8vyeKyEZH3RX58f

Here is the BlockChain Info:
https://blockchain.info/address/1LeATAGLrVbAcNuKERJ8vyeKyEZH3RX58f

I sincerely hope that I get the money in my PayPal account ...
because the BitCoin community is seriously getting tired of scam artists
messing up a good thing.

UPDATE:

There has now been over 16 Confirmations of this Transaction:
https://blockchain.info/tx-index/15013d643bc871862030a4dc0397a8a1f098fd1af6d91bea1c50b14e0e7012f1

What's going on?

Should there not be a payout to my PayPal account by now?

xbtc.co

newbie

Activity: 9

Merit: 0

Big Announcement! Major Fee Cuts
Due to popular demand, we have changed our website currency to deal in USD only. As a result, we have also switched the exchange which we use to provide Bitcoin services.

What does this mean for you?
Primarily, it means lower fees. If you have USD in your Paypal account, you will benefit greatly from this.

What are the fee changes?
Here are all of the places where the fees have changed:

Paypal Currency Conversion
As I am typing this, Paypal offers a USD to NZD rate of 1 USD to 1.41522 NZD. According to google, the real market rate is 1.47590584. Since you don't need to do this conversion any more, you will save 4.2% in currency conversion fees!

Paypal Processing Fees
While I was operating in NZD, Paypal charged me 3.9% + 0.45 NZD. Now that I have switched to USD, Paypal is charging me 3.4% + 0.3 USD. I'm passing all of these savings on to you, meaning you save another 0.5%.

Market Spread
Independent Reserve had very large spreads (difference in Buy Price and Sell Price). Right now their prices are 671 NZD (sell) and 684.99 (buy). This is a spread of 2%! Meaning if you purchased at this exchange, then sold for USD at MTV, you would lose 2% instantly. BitFinex (the new exchange) has rates of 457.38 (USD) Buy 457.28 (USD) Sell, a spread of just 0.02%. If you are depositing into MTV, you could be paying up to 1.9% less! Otherwise this should easily save you another 0.8%

Exchange Fees
Our new exchange only charges us 0.2% per transaction, instead of 0.5% which Independent Reserve charged us. This allows us to lower some of our fees. We have lowered our sell fee to just 0.05%, saving you another 0.35%.

Maximum Total Savings: 6.6% in Fees
Total Discount (relative to previous fees): up to 41%

What else has changed?
We have converted all of our affiliate balances into USD. We have used the current market rate to convert the currencies, and then we have given you an extra 15% to compensate for this conversion.

These are all estimations, but they should be pretty close to reality. I would love to hear the results of our new exchange process.
Buy and Sell Bitcoins via Paypal

xbtc.co

newbie

Activity: 9

Merit: 0

Quote from: lol3c on April 28, 2016, 06:02:05 AM

Why is the currency set to NZD? How can i change it to USD instead?

Paypal will automatically convert all currencies to NZD when you purchase. Unfortunately, we don't offer USD native transactions yet.

Quote from: mixan on May 03, 2016, 06:49:26 PM

Quote from: xbtc.co on April 28, 2016, 04:44:48 AM

Apologies for the lack of funds over the past few days! Sad

We have replenished the account with $4000 NZD. We have also waived the 3-day waiting period between transactions, so you can purchase again regardless of when you last purchased

We have also lowered our selling fee from 0.9% to just 0.2%

The holding period is this long due to what? The charge backs can occur from date of purchase to 180 days onwards. This does not cover you in anyway possible.

Thanks for your interest in this specific aspect of our company policy. Just to clear up some ambiguity, we process orders instantly, you just can't purchase again until 3 days have past.

We have put this in place from some of our own research which did provide some evidence that this is effective in reducing the rate of fraud.

mixan

legendary

Activity: 966

Merit: 1000

TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!

Quote from: xbtc.co on April 28, 2016, 04:44:48 AM

Apologies for the lack of funds over the past few days! Sad

We have replenished the account with $4000 NZD. We have also waived the 3-day waiting period between transactions, so you can purchase again regardless of when you last purchased

We have also lowered our selling fee from 0.9% to just 0.2%

The holding period is this long due to what? The charge backs can occur from date of purchase to 180 days onwards. This does not cover you in anyway possible.

econtact

newbie

Activity: 42

Merit: 0

Has anyone used it successfully?
What is the total fee in %

lol3c

hero member

Activity: 518

Merit: 500

Why is the currency set to NZD? How can i change it to USD instead?

xbtc.co

newbie

Activity: 9

Merit: 0

Apologies for the lack of funds over the past few days! Sad

We have replenished the account with $4000 NZD. We have also waived the 3-day waiting period between transactions, so you can purchase again regardless of when you last purchased

We have also lowered our selling fee from 0.9% to just 0.2%

~Bitcoin~

legendary

Activity: 994

Merit: 1000

Quote from: xbtc.co on April 24, 2016, 05:15:24 AM

Thanks for all of your comments

Regarding the fraud checks, yes blocking non-verified people is one of the things we do. We do make use of other services, such as MaxMind, SiftScience, FraudRecord, our own systems, and some others.

Unfortunately, I cannot go further in depth.

Hope your security features will be able to prevent paypal chargeback issue. Its wise decision to block unverified paypal making transaction in your network. Good luck.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: xbtc.co on April 24, 2016, 05:15:24 AM

Thanks for all of your comments

Regarding the fraud checks, yes blocking non-verified people is one of the things we do. We do make use of other services, such as MaxMind, SiftScience, FraudRecord, our own systems, and some others.

Unfortunately, I cannot go further in depth.

even verified account can be used for fraud transaction,i've seen so many people do carding with paypal, how you prevent this?
and the real owner will chargeback if they found their account being used for illegal things

xbtc.co

newbie

Activity: 9

Merit: 0

Thanks for all of your comments

Regarding the fraud checks, yes blocking non-verified people is one of the things we do. We do make use of other services, such as MaxMind, SiftScience, FraudRecord, our own systems, and some others.

Unfortunately, I cannot go further in depth.

Monnt

legendary

Activity: 938

Merit: 1002

Quote from: Samio on April 20, 2016, 03:22:59 AM

Quote from: The Arcitect on April 20, 2016, 02:24:59 AM

I doubt that this actually can work since paypal can have chargebacks from date of transaction to 180 days from then.
If the above member actually did this he has the risk of losing his money from paypal if the other party of the exchange initiates a chargeback.

I hope that this won't happen. It's a great service.

There's a high chance that this will happen. What are your "algorithms"? Is that another word for "We-block-you-if-youre-not-verified"?

PayPal dislikes bitcoin, and so they will probably side with the scammer.

Samio

newbie

Activity: 8

Merit: 0

Quote from: The Arcitect on April 20, 2016, 02:24:59 AM

I doubt that this actually can work since paypal can have chargebacks from date of transaction to 180 days from then.
If the above member actually did this he has the risk of losing his money from paypal if the other party of the exchange initiates a chargeback.

I hope that this won't happen. It's a great service.

The Arcitect

full member

Activity: 238

Merit: 100

I doubt that this actually can work since paypal can have chargebacks from date of transaction to 180 days from then.
If the above member actually did this he has the risk of losing his money from paypal if the other party of the exchange initiates a chargeback.

Samio

newbie

Activity: 8

Merit: 0

Worked like a charm!

xbtc.co

newbie

Activity: 9

Merit: 0

Thanks for pointing that out! Yes, I did mean 20% of our profits on each order. I've edited the post to reflect that

Sharma

legendary

Activity: 1092

Merit: 1000

GATCOIN : The New Currency Of Digital Marketing

Just one question: how can you give 20% commission when the fee is only 5%. Is it 20% of the 5% fee?

Good luck, i hope you did your fraud checks really good, because PP is always really strict when it comes to chargebacks for BTC-related payments.

davis196

hero member

Activity: 3150

Merit: 937

Good luck with your service.
Hope it will work. Grin

xbtc.co

newbie

Activity: 9

Merit: 0

Note: I know I'm a new user here, but bear with, I can provide proof of my legitimacy.

I'm the owner of the website xBTC.co (https://xbtc.co/).
xBTC.co is a 2 month old exchange which allows you to buy and sell Bitcoins directly from your Paypal account. Compared to other Paypal -> Bitcoin exchanges we are cheaper, especially for low amounts (around $10 - $30).

Due to the risk involved with Paypal we utilize multiple fraud detection algorithms, so we apologize if we preemptively block your order. If this occurs to you, please contact support to resolve this issue.

Our fees are simple and easy to understand:

5% fee for buying + Paypal Fees
0.05% fee for selling + Paypal Fees (sent via Paypal Personal Payment approx. 0.5% - 1%)

Benefits

No verification, documents or registration required.
Automated transactions, which are approved instantly
Simple and transparent pricing
Buy orders processed in under 15 mins
Sell orders processed as soon as your Bitcoin transfer hits 6 confirmations

Affiliate Program
We also offer an affiliate program where you can get paid to promote xBTC.co

You will receive 20% of our profits on each order
No registration required, we use a simple unique link
Payments via Paypal and Bitcoin

Click here to: Join xBTC.co's Affiliate Program

Evidence of Legitimacy
As proof that I mean business, and won't scam you, I offer the following proof.

A screenshot of a few transactions via Paypal: http://imgur.com/NJwMhub. This is to show that people have already trusted me.
You can see testimonials about my website over at MyTrafficValue: http://www.mytrafficvalue.com/forum/monitor/xbtcco_paypal_to_bitcoin_exchange/1.html . My username is invest_uearn.
I will also not be self-moderating this post.

If you have any questions or feedback, please don't hesitate to post here or contact our support on my website

Click Here to Buy and Sell Bitcoins via Paypal
or find us on Facebook here

Topic: [Automated] [No ID] xBTC.co - Buying and Selling Bitcoins via Paypal (Read 2522 times)