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Topic: CoinPal beta - Buying bitcoins with PayPal - page 5. (Read 170642 times)

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo

The effect of cutting Bitcoin exchangers off of Paypal: 

1) Users will still trade Bitcoins for Dollars.

2) But now they will be individually paypalling those dollars to each other, instead of using a central service.

3) Seems to me that if you have a supercomputer, and you have access to Amazon's transactions, and you have access to the block chain, then this move makes it suddenly much easier to associate block chain transactions with paypal transactions.

4) Basically if this came from higher up, the purpose was to make the block chain traceable.

5) Anyone receiving dollars in Paypal has a verified identity, taxpayer ID, bank account, etc.


I think it's time for Bitcoin aficionados to consider anonymity layers...


I agree.
newbie
Activity: 41
Merit: 0
I'd just like to thank you for your support in helping me to get some of my first bitcoins.  The transactions were always swift and without hassle.
legendary
Activity: 2506
Merit: 1010
Squareup looks like it might be pretty awesome, just in general.  At first glance at least.

Wrt Bitcoin, it could be excellent for face-to-face transactions.  Swipe the card, wait for the money to clear, use your phone to send the bitcoins.  Though, I can't imagine how there would be a significant amount of business for someone selling bitcoin in the streets like that.

Since a chargeback against a credit card transaction is easy, I don't know that this would be an option for selling bitcoin "in the streets", though I suppose for friends and family it might be suitable.  2.75%.  No different than using PayPal, except that PayPal has the "personal / gift" option where no fees are incurred by the recipient.  AmEx's Serve is another credit-card + ACH based payment network similar to PayPal, and for now (through August, 2011) they charge no fees to either the sender or the recipient.  

Again, if you trust that you won't get charged back, these all work fine for person-to-person payment methods.

  http://squareup.com
  http://gopayment.com
  http://serve.com
  http://dwolla.com

There's a good list of options being built here: https://bitcointalksearch.org/topic/using-cashout-services-for-trading-7069

Exchanging in and out of bitcoins for each transaction certainly gets to be expensive though.
newbie
Activity: 42
Merit: 0
I use square for my tech support business, it works as a good platform / example of how the transaction process might be able to work with a bitcoin wallet app. Either it does not require that you have the card, you can manually key in the CC info as well. Square has no idea what was bought, your CC company won't see the transactions as bitcoin.

But then who is going to email their CC info? I would hope very few unless they were using onetime use cards.
member
Activity: 62
Merit: 10
Liqpay is also a good credit card payment processing service.
full member
Activity: 131
Merit: 100
https://squareup.com/ might be an option for accepting credit card payments.... the logistics of actually doing it are a little beyond what my brain is willing to handle at the moment but it presents a path that may be walkable.

Squareup looks like it might be pretty awesome, just in general.  At first glance at least.

Wrt Bitcoin, it could be excellent for face-to-face transactions.  Swipe the card, wait for the money to clear, use your phone to send the bitcoins.  Though, I can't imagine how there would be a significant amount of business for someone selling bitcoin in the streets like that.

legendary
Activity: 1260
Merit: 1031
Rational Exuberance
https://squareup.com/ might be an option for accepting credit card payments....

Actually, I just realized that you can buy bitcoins with your credit card right now on the ebay auction I linked to, if you are in the U.S.
newbie
Activity: 42
Merit: 0
https://squareup.com/ might be an option for accepting credit card payments.... the logistics of actually doing it are a little beyond what my brain is willing to handle at the moment but it presents a path that may be walkable.
newbie
Activity: 28
Merit: 0
Ah here is the discussion I hoped to start here:https://bitcointalksearch.org/topic/m.103412, I made a list with all options I know.
legendary
Activity: 1260
Merit: 1031
Rational Exuberance
If you are sad you can't buy bitcoins with your paypal account, you can always bid on my ebay auction. See the thread about it here: https://bitcointalksearch.org/topic/closed-100-mtgox-usd-for-sale-on-ebay-7072
newbie
Activity: 51
Merit: 0
Suggestion to mndrix:

Rather than devote yourself to creating one site for everyone in the world, perhaps working on allowing people to create their own, using their own countries' available services, would provide something more robust for people.

If there were a Drupal module for BitCoin, anyone could start a site and the only difficulty would be finding a service that would be tolerant of BitCoin.

The result would be that the effort would become distributed.  Lots of sites where people could use, and purchase, BitCoin.

If the BitCoin community collaboratively funded a BitCoin module for Drupal, it would certainly get written.  All manner of BitCoin services would appear, limited only by the number of users who had approached ATM and card service providers and had arranged something with them.  People would become motivated to approach those services and seek to co-ordinate with them, because the result would be a site they owned that many BitCoin users would use.  Small transaction profits would add up.

For BitCoin users who are unfamiliar with Drupal: It's a free open-source system for developing websites.  Very easy to create them, and you essentially just select modules (like a BitCoin module) and configure them for your site.  No programming skills are needed.  Point and click.

BitCoin users who'd like to contribute to developing such a module will probably find this useful.
legendary
Activity: 1400
Merit: 1005

3.1 - Sending Limits.
We may, at our discretion, impose limits on the amount of money you can send through our Service. If you have a Verified Account, we may increase your sending limits.

5.5 - Security Interest.
To secure your performance of this Agreement, you grant to Venmo a lien on and security interest in your Account.

6.2 - Withdrawal Limits.
Depending on the degree to which you have Verified your Account, we may limit you to withdrawing no more than $500.00 USD per month. In addition, we may delay withdrawals of large sums of money while we screen for risk.

Venmo might work ok for most as most people don't read User Agreements/Terms. Just click "Ok, I Accept" and proceed. Not uncommon terms though.
Aww, that's a shame.
member
Activity: 112
Merit: 11
Do you still give OTC-Ratings?

Yes.  Automated OTC ratings still work.  You can link your PGP key to your CoinPal account to receive automated OTC ratings.
Awesome thanks, it doesn't seem to accept coincard transactions but I'm happy to have an otc rating for the bitcoins I bought  Grin
sr. member
Activity: 406
Merit: 251

3.1 - Sending Limits.
We may, at our discretion, impose limits on the amount of money you can send through our Service. If you have a Verified Account, we may increase your sending limits.

5.5 - Security Interest.
To secure your performance of this Agreement, you grant to Venmo a lien on and security interest in your Account.

6.2 - Withdrawal Limits.
Depending on the degree to which you have Verified your Account, we may limit you to withdrawing no more than $500.00 USD per month. In addition, we may delay withdrawals of large sums of money while we screen for risk.

Venmo might work ok for most as most people don't read User Agreements/Terms. Just click "Ok, I Accept" and proceed. Not uncommon terms though.

legendary
Activity: 1400
Merit: 1005
+1 on Venmo, sounds awesome, and exactly what we need!
newbie
Activity: 55
Merit: 0
this sucks, coincard was one of the main reasons I love bitcoin
hopefully the accounts will be unfrozen soon.
vip
Activity: 447
Merit: 258
Green Dot cards are reloadable at 7-11s.  Wonder if they have an API that BitCoin site could use to accept Green Dot-loaded funds.

As far as I can tell, Green Dot doesn't have a public API for accepting payment.  I've contacted them several times about selling Bitcoins for MoneyPak, but they never return my calls or emails.

Thank you to everyone for the suggestions about alternative payment methods.  I'll consider them all in the coming months.
vip
Activity: 447
Merit: 258
Do you still give OTC-Ratings?

Yes.  Automated OTC ratings still work.  You can link your PGP key to your CoinPal account to receive automated OTC ratings.
staff
Activity: 4270
Merit: 1209
I support freedom of choice
It does't work here in Italy ...
member
Activity: 112
Merit: 11
I'd suggest people use Venmo.
sounds interesting. is it international?
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