Topic: Deleted (Read 14462 times)

Buy or Sell bitcoin and receive your payment the same exact day.

Another week, more bitcoin!

We have just released some updates to both our bitcoin pricing and fee structure. Clients should be receiving an email today that will explain the changes.

1. Our bitcoin price is now fixed to Bitstamp's 24h high. This will result in significantly better deals on bitcoin purchases.
2. A new fee structure has been implemented. Instead of one flat fee for each payment method, we have scaled the fee depending on the size of your order. This will allow clients who wish to purchase larger amounts a discount.

$100-999 = 5%
$1000-4999 = 4%
$5000-9000 = 3%

Need to make a larger order? Get in touch: [email protected]

Nooooo, was excited to place some CC orders this week and they're disabled :[

So what happened with the credit card payments? Any timeline of them being resumed?

We are familiar with this consumer alert and keep in contact with multiple attorneys though we do appreciate your concern.

No need just felt it was in the best interest of people to understand the inherent risk which is not discussed on your site.

From the desk of the Honorable Ray Grace Com of Banks NC

http://www.nccob.gov/Public/docs/Financial%20Institutions/Money%20Transmitters/OCOB_Virtual_Currency_Alert.pdf


Might want to hire a lawyer who keeps you informed. NC Sees as Bitcoin exactly like this "'electronic form of monetary value" Pay pal is a electronic form of monetary value.. AKA stored value.

I have been talking with the banking dept in every state, think you might want to do the same before the agents come knocking on your door.

What happens if they make a deposit and all your bank accounts get frozen and seized for illegal MSB/MT? Think it is something you should address and customers should be aware of. The federal MSB does not save you from the states and vice versa, the states do not save you from the feds.

I'm familiar with the MTA in NC. I don't, however, agree with you that what we are providing is 'stored value' or a 'payment instrument' and therefor our activities are not money transmission by the NC definition. Without further clarity from state level regulators (honestly, the only state really to provide true clarity on bitcoin money transmission licensing thus far has been Texas), it's impossible to assume how they will define bitcoin in their laws. If a state were to follow in the footsteps of the IRS for example, and declare bitcoin as property, none of the current money transmitter laws would apply. We do not hold customer funds nor do we do not conduct remittances. Instead, we only provide a retail USD to bitcoin transaction with verified individuals (no 3rd parties) who adhere to strict transaction limitations. Gas stations offering prepaid cards, western union, or other money transmissions, are of course required to be licensed as is any check casher or exchanger of foreign currency.

In the interested of keeping this thread on topic, feel free to PM me to discuss this more. 

Great service but I think not being registered with the state of North Carolina as a MSB is going to cost you your business and investments. The Gov is no longer watching to see if people will comply they are forcing people to comply. Paypal had the same problems when they first started and had to go state by state to get the MSB, green dot when through the same process.

Next time CoinRNR is in a gas station in NC I suggest he looks at the door and see that they even had to register with NC as a MSB just to sell green dot and other stored value.
The Federal MSB does not protect you from each state, you are in violation of each state that requires MSB if you accept payments from the customers in that state. So you could be charged by each state you accept payments as being a unlicensed MSB/MT


http://www.fincen.gov/financial_institutions/msb/pdf/msbstatecontactsfinal.pdf

North Carolina listings of money transmitters

https://www.nccob.org/Online/MTS/MTSCompanyListing.aspx

What you need to be a Money Service Transmitter in NC

https://www.nccob.org/Online/MTS/MTSCompanyListing.aspx
53-208.5.  License qualifications.
(a)        Each licensee shall have at all times a net worth of not less than one hundred thousand dollars ($100,000) calculated in accordance with generally accepted accounting principles. Licensees engaging in money transmission at more than one location or through authorized delegates shall have an additional net worth of ten thousand dollars ($10,000) per location in this State, as applicable, to a maximum of five hundred thousand dollars ($500,000). Licensees with neither locations nor authorized delegates in this State shall have an additional net worth as established by the Commissioner in an amount not to exceed a maximum of five hundred thousand dollars ($500,000).


Great business, Great idea, legal suicide......

Got it all sorted out, and first purchase was very quick. Thanks!

Hi,

If the account was rejected, you may not always receive any additional contact. Feel free to reach out to [email protected] from your account email address and we will look it up for you.

I just registered for an account, it said I will be contacted with more information. How long does that usually take?

Everything's good! I didn't worry this time. You guys make it easy for me, fast and reliable as usual!

Sorry for late reply, been a busy few days. Everything was sent as normal of course.

Hi Mazin,

Another small sell order sent just now.

Thank you!

James

Completed.

Hi Mazin,

Sell order sent!

Thank you,

James

Completed!

Order was super smooth, just put in another  

It's the weekend...but unlike your bank, we're still open.

Visa, Mastercard, Discover, and American Express accepted for US residents! INTERAC Online available for Canadians.