+1 TC fast and easy transaction.
Thank you.
Topic: Bitcoins Direct Support Thread - page 13. (Read 77886 times)
Maybe I wasn't clear, it isn't available to business accounts at any cost. Bank Of America intentionally cripples that service so it can't ve used to send funds from or to business accounts. Banks have small business exactly where they want them. "Free checking" yeah not for businesses. Transaction fee, deposit fee, withdraw fee, ACH fee, check fee, bank wire fee, monthly fee, account data fee, and every bank's favorite the credit card fees. Business accounts are even charged to use cash (no I am not kidding)!
So Bank Of America (and every other major bank) cripples all these instant transfer services to make sure businesses can't bypass their fee empires. If a customer wants to pay a business the banks want them to use a CC so the bank can get 3% or maybe a bank wire so the bank can collect $10 to $30. IIRC last month we paid almost $2,000 in banking fees and we still can't use instant account transfers.
So Bank Of America (and every other major bank) cripples all these instant transfer services to make sure businesses can't bypass their fee empires. If a customer wants to pay a business the banks want them to use a CC so the bank can get 3% or maybe a bank wire so the bank can collect $10 to $30. IIRC last month we paid almost $2,000 in banking fees and we still can't use instant account transfers.
My mistake. I had in the back of my mind the fact that I believe Bank of America account holders can transfer money to other Bank of America account holders, I believe free of charge, online. But I think this may be something equivalent to ACH which you don't accept. Otherwise I will endeavor to use your service ASAP!
BofA does have a feature where you can instantly transfer funds to another BofA account. This would be a great deposit option but they block it from working on business accounts. If you try you will get an error. No technical reason it couldn't work but they don't want to give business accounts free "anything".
Depending on what the fee was, I still would be interested. It would certainly be the convenient armchair option that beats wire transfers or cash deposits. Just need your customers to have accounts in certain banks.
My mistake. I had in the back of my mind the fact that I believe Bank of America account holders can transfer money to other Bank of America account holders, I believe free of charge, online. But I think this may be something equivalent to ACH which you don't accept. Otherwise I will endeavor to use your service ASAP!
BofA does have a feature where you can instantly transfer funds to another BofA account. This would be a great deposit option but they block it from working on business accounts. If you try you will get an error. No technical reason it couldn't work but they don't want to give business accounts free "anything".
My mistake. I had in the back of my mind the fact that I believe Bank of America account holders can transfer money to other Bank of America account holders, I believe free of charge, online. But I think this may be something equivalent to ACH which you don't accept. Otherwise I will endeavor to use your service ASAP!
I would point out that aren't required to have a BofA, Wells Fargo, or PNC Bank account to use Bitcoins Direct. We accept cash deposits at those branches. The only advantage of having an account with one of the three would be you could withdraw from your account and deposit into our account at the same location. We also accept bank wire's so it is possible to send funds to our account from any bank if you are concerned about transporting cash.
If you need an account in one of the three for a reason I can't think of the only one offering truly free checking is PNC. With the other two there are limits (min balance, or direct deposit, or no teller transactions) to get free account.
If you need an account in one of the three for a reason I can't think of the only one offering truly free checking is PNC. With the other two there are limits (min balance, or direct deposit, or no teller transactions) to get free account.
I'm thinking to open an account with Bank Of America, Wells Fargo, or PNC Bank branch, just for purposes of purchasing BTC. Does anyone have any suggestions for one vs. the other? It would be not used frequently so would be looking for a no-fee account, no interest I assume. I'm frequently throughout New England, Boston/NH. Would be great if works abroad too.
Tangible Cryptography is happy to announce that starting Friday (09/14) clients will be able to deposit at any PNC branch. The addition of PNC Bank to our deposit accounts with Bank Of America and Wells Fargo gives our clients over 16,000 locations nationwide to purchase bitcoins. The Bitcoins Direct service will continue to offer secure, private, off exchange sales with no fees and an exchange rate 1% below the 'MtGox last price'.
I also have had an excellent transaction with Tangible and plan on using them again in the future.
If only every Bitcoin business was run this well.
People could take a lesson from TangibleC about how to conduct a business with bitcoin.
This is the obligatory shoutout for another flawless order.
Agree...obligatory shoutout here as well.
Fast response to messages, deposit, emails etc. This is easily the cheapest and most convenient way to get BTC...simply cant beat a negative-fee, cash bank-deposit transaction. I will be using again in future.
will PNC deposits be active by friday? Need about $1200 of coins
Maybe. Sorry that is the best I can do. PNC has just been awful about getting this account setup properly. The ball is in their court at this point.
Quick question... once a transaction is completed, are there any records stored? I'm wondering what information would leak in case of a successful hack or law enforcement subpoena.
We do retain transaction records for three years for tax purposes; we are a registered LLC and thus do pay taxes on our profits. Any entity with transaction volume we have (now aproaching ~$10M on an annualized basis) that doesn't retain records is just begging to be shutdown by the IRS.
Records are stored in an offline system in an encrypted database. Offsite backups are also encrypted. To compartmentalize data, records older than 90 days are purged from the primary database, although they are still retained in on-site and off-site backups. We will not share information with any third party (including law enforcement) without a warrant or court order.
Quick question... once a transaction is completed, are there any records stored? I'm wondering what information would leak in case of a successful hack or law enforcement subpoena.
Has anyone deposited from the UK converting from GBP?
Any ideas?
Any ideas?
There's a Bitcoin conference in London going on right now, you would find a trade there.
Here's a thread wiith additional GBP methods:
- http://www.reddit.com/r/Bitcoin/comments/zpe3b/with_intersango_unable_to_transfer_gbp_into_btc/c66sh6j
I know. I live in London and I'm attending. However I'm not talking about getting coins occasionally (I have accounts in a few exchanges) but establishing a channel. 1% under MtGox and no fees would be the best rates I could find by far.
Has anyone deposited from the UK converting from GBP?
Any ideas?
Any ideas?
There's a Bitcoin conference in London going on right now, you would find a trade there.
Here's a thread wiith additional GBP methods:
- http://www.reddit.com/r/Bitcoin/comments/zpe3b/with_intersango_unable_to_transfer_gbp_into_btc/c66sh6j
Has anyone deposited from the UK converting from GBP? International bank wire fees + standard conversion rates would eat up any advantages over exchanges.
Any ideas? There are ways to get much better currency exchange rates than those usually given by commercial banks, but only if you convert enough volume. It would be interesting to set up a channel to GBP and EUR, since there's a significant community already in these markets.
Any ideas? There are ways to get much better currency exchange rates than those usually given by commercial banks, but only if you convert enough volume. It would be interesting to set up a channel to GBP and EUR, since there's a significant community already in these markets.
will PNC deposits be active by friday? Need about $1200 of coins
Ok I misunderstood OP, I guessing bitcoin only no mtgox codes right? Worse comes to worse I might be able to make that work for me as well.
Correct. Bitcoins only.
Ok I misunderstood OP, I guessing bitcoin only no mtgox codes right? Worse comes to worse I might be able to make that work for me as well.
I want to buy lr with bank deposit.
We don't sell LR only Bitcoins.
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