Topic: I paid my rent with BillPayForCoins.com (Read 1448 times)

Awesome - didn't mean it in a negative way it certainly fits here too, but exposure over there might be good too!

Thanks! Absolutely. I'll give an update after a few months if I remember (anyone reading this thread in the future... remind me if I have forgotten).

(And if someone wants to move this to the services sub-forum, that's cool with me.)

Based on my emails with Riley, it seems they can't legally pay bills other than rent because it requires and unreasonable amount of overhead expenses calling the various utility companies.

I assume they are willing to pay landlords because the payments are always large and thus, long term, they will earn more money from each bill. (That is my speculation.)

They are either mining trust/personal info or using their service to 'buy' coins off-market.

I'm a bit baffled that they are doing this without charging any fees.  How does that work?

Very nice review and looking over their site out of pure interest generated from reading your post!  A follow-up after 3 months would be excellent as well.

Also, would this be more suited to the Services sub-forum?

Interesting idea.. other than rent, can utilities also be paid for with bitcoins?

When the service billpayforcoins.com came out, I was very excited. I had recently converted to full-time bitcoiner, and I needed to live off my bitcoin savings while I created the company that will hopefully be able to fund me in the future. I got in touch with Riley from BillPayForCoins to figure out if they were trustworthy or not. I told them I would be willing to take a gamble with them, and I would pay my June rent with them, and then if things worked out, I would write a positive review of them on the BitcoinTalk forum and reddit. (Unfortunately they had to remove the ability to pay for most bills due to legal reasons, but they still allow you to pay rent.)

I'm here to report that my landlord has officially received the check. It took three days for the check to be delivered. My landlord sent me a picture - the envelope and check were all written out by hand. (I'm not going to post the picture for security reasons.) Their checking account is titled "BILL PAY FOR COINS LLC" and they are from Westlake Village, CA. (For the record, I'm based in St. Louis, MO.)

I'm happy with BillPayForCoins and intend to use them to pay my rent for the foreseeable future (except July... I forgot to cancel my bank's automatic bill pay and so I won't need to pay rent again until August).

Service: BillPayForCoins.com
Rating: 5/5.

Also on reddit: http://www.reddit.com/r/Bitcoin/comments/1fnmdn/i_paid_my_rent_with_billpayforcoinscom/