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Topic: [CRYPTOSTOCKS] Gigadice.com - IPO Prospectus - [BTC, LTC, Paypal Cashouts] - page 2. (Read 6504 times)

full member
Activity: 224
Merit: 100
i have an asian paypal account, can i do a withdrawal too?

As long as it's not against your specific country Paypal ToS.
full member
Activity: 224
Merit: 100
Isn't using PayPal for gambling activities a direct violation of their ToS?

I'm a Canadian citizen and it isn't a violation. This however isn't the case for any American user as their ToS strictly forbids any gambling activities. That is why U.S citizens will not be able to withdraw through Paypal.

hmm and I thought each fiat payment or withdrawal requires a gambling/gaming license ( at least in Europe and some other countries) please correct me if I am wrong.


I'm positive even BTC - BTC gambling sites like JustDice require gambling licenses now since FINcen has updated their policy.
sr. member
Activity: 348
Merit: 250
Isn't using PayPal for gambling activities a direct violation of their ToS?

I'm a Canadian citizen and it isn't a violation. This however isn't the case for any American user as their ToS strictly forbids any gambling activities. That is why U.S citizens will not be able to withdraw through Paypal.

hmm and I thought each fiat payment or withdrawal requires a gambling/gaming license ( at least in Europe and some other countries) please correct me if I am wrong.
full member
Activity: 224
Merit: 100
Isn't using PayPal for gambling activities a direct violation of their ToS?

I'm a Canadian citizen and it isn't a violation. This however isn't the case for any American user as their ToS strictly forbids any gambling activities. That is why U.S citizens will not be able to withdraw through Paypal.
member
Activity: 88
Merit: 10
Isn't using PayPal for gambling activities a direct violation of their ToS?
jr. member
Activity: 56
Merit: 10
i have an asian paypal account, can i do a withdrawal too?
full member
Activity: 224
Merit: 100
I have a feeling (unfortunately) that U.S. users won't be allowed to use the PayPal option...

Well, that sucks.  Not his fault, most sites would do that.

Not sure if true just making an assumption.

Yes, U.S citizens will be unable to withdraw via Paypal. They will however still be able to access the rest of the site.
full member
Activity: 224
Merit: 100
Quote



Things like that makes you question how serious this is. The paypal-feature is very nice, how does it work?

I have proven my identity to a pre IPO investor already, however if enough prospective investors would like me to make my identity public I will happily oblige. The Paypal feature is a brand new concept we're bringing to the gambling scene and believe it can revolutionize Bitcoin dicing. Regarding the specifics of Paypal integration we unfortunately only allow for Paypal cashouts as deposits would leave us open to possible chargebacks. An issue we had while trying to incorporate Paypal was the chance that our site would be abused by individuals who wished to use us as an exchange service. To prevent this from happening we have introduced a 3% flat fee which would make possible "exchanges" not as lucrative all the meanwhile remaining fair to our users. Unfortunately, U.S citizens will be unable to cash out through Paypal as it would be in direct violation of several U.S laws, however U.S citizens are still able to access every other aspect of our site.
newbie
Activity: 56
Merit: 0
I have a feeling (unfortunately) that U.S. users won't be allowed to use the PayPal option...

Well, that sucks.  Not his fault, most sites would do that.

Not sure if true just making an assumption.
sr. member
Activity: 348
Merit: 250
Quote



Things like that makes you question how serious this is. The paypal-feature is very nice, how does it work?

yes would also be interested to understand the Paypal option. I understood You take 3% fee and the receiver will eventually also pay another 4-5% to Paypal if I am not mistaken.

is Gigadice regulated? I am asking because a bitcoin casino would not need any regulation but with paypal or any other fiat payment processing a gambling/gaming license would be needed IMHO.
legendary
Activity: 930
Merit: 1010
Quote



Things like that makes you question how serious this is. The paypal-feature is very nice, how does it work?
full member
Activity: 224
Merit: 100
I like the site I will invest when I receive my Bitcoins.

Looks good.

Check out our listing if you're interested in investing.

http://cryptostocks.com/securities/65
newbie
Activity: 56
Merit: 0
I like the site I will invest when I receive my Bitcoins.

Looks good.
full member
Activity: 224
Merit: 100
IPO is now live, if you're interested in investing please check out our listing on Cryptostocks.

http://cryptostocks.com/securities/65
full member
Activity: 224
Merit: 100
Since Inputs.io got hacked and will no longer exist we will look at alternative wallets that allow for instant deposits.
hero member
Activity: 686
Merit: 500
im more excited with the prospect of converting bitcoin to paypal withdrawal. that would be so great for my ebay purchases

Unfortunately we will be charging a flat fee for withdrawing in Paypal/LTC as we do not wish to be used as an exchange service while still remaining fair to our users.
don't mind! currently im stuck with btc -> gyft (amazon) conversion so yeah its good to see another alternatives  Cool
full member
Activity: 224
Merit: 100
im more excited with the prospect of converting bitcoin to paypal withdrawal. that would be so great for my ebay purchases

Unfortunately we will be charging a flat fee for withdrawing in Paypal/LTC as we do not wish to be used as an exchange service while still remaining fair to our users.
full member
Activity: 224
Merit: 100
Your site looks good, very interesting the option of paypal withdrawal, do people need to bet to make use of that or can they just upload there coins and convert them to paypal?

Also do you have any idea about your possible profit margin? I am not aware what a bitcoin gambling site averagely makes.

Anyway, I'll follow your thread and try to invest a bit in you site!


Good Luck! Smiley

There currently in a 3% fee associated with Paypal/Litecoin withdrawals simply to prevent individuals from using our site as an exchange service. I felt a flat fee would work the best for our site as it won't over complicate things for our bettors while still preventing our site from being exploited.



newbie
Activity: 59
Merit: 0
Your site looks good, very interesting the option of paypal withdrawal, do people need to bet to make use of that or can they just upload there coins and convert them to paypal?

Also do you have any idea about your possible profit margin? I am not aware what a bitcoin gambling site averagely makes.

Anyway, I'll follow your thread and try to invest a bit in you site!


Good Luck! Smiley

He told me it's a 3% fee (correct me if I'm wrong).
hero member
Activity: 686
Merit: 500
im more excited with the prospect of converting bitcoin to paypal withdrawal. that would be so great for my ebay purchases
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