Topic: Paysafecard for BTC (Read 4622 times)

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Hello everybody,

the first 100 EUR PSC card was just sold. Now I only have 100 EUR left. Anyone interested just pm me.

Thanks

still looking. Anyone interested please contact me.

Thanks for the info Stephen Gornick.
I will see if I can make the -otc order book works. It looks complicated. I am not technically savvy.

Hello,

VirWox is allowed to use PaySafeCard. Somehow, well, another individual asked about it, and they replied that because you need to exchange the PSC into Lindens and then into BTC it is not a direct exchange, so they are fine with that.

That is basically the only way to do it, for now, and in the near future.

They officially banned all use of bitcoin with paysafecards though VirWox still uses them somehow. You don't have to directly sign contracts with PSC you can get a payment gateway that accepts them and not have to pay huge money to set up  but totally non recommended at anytime they may seize accounts if they find out you are changing digital currency

Someone told me that Paysafecard wants 2500 Euro for payment gateway set up. Did you apply to Paysafecard?

A lot of PServer admins used Paymentwall for Paysafecard cashout. It is easy to set up and they don't want much verification, but I think they charge around 30%.
I think the problem is that Paysafecard to Bitcoin will attract a lot of fraudsters. So you will probably lose money with froozen accounts and/or you will have legal problems.

Paysafecard press release claims they "dont want to be involved with bitcoins" so hard to exchange. Anybody who takes your cards has to cash them, and fees are huge. Ukash and Paysafecard = rip unless you can trade with somebody who has another site that sells them and needs fresh codes daily. These guy's are on exchanger forums and usually trade for LR, but can convert that into BTC easily but again charge 10-25% fees. Stick with the #bitcoin-otc traders they have best rate going I can find

Somebody in Europe who can figure out an instant Ukash/PSC -> Bitcoin website and vice versa would probably make a fair amount of cash with all the demand. Too bad both those voucher companies would seize your accounts once they found out it was for bitcoin because they are douche nozzles.

Anybody who wants to do this set up your own decoy site and apply to a payment gateway with the lowest amount of fees that accepts paysafe and ukash. They ACH the money to your bank account usually 2x a week. Add the codes yourself to the gateway and just take them anonymous and encrypted through your regular website. Switch up socks proxies and stuff so it's not one IP always buying stuff on your decoy site. Maybe that would work for awhile until assholes start sending you stolen codes, though you can always make a dozen decoy sites with different payment gateways for backup if one freezes your account. Find the one's who don't charge a monthly fee and are just pay as you go gateways

If you directly apply to Paysafecard they take 1 month to cash you out and you have to jump through so many hoops to get accepted it's ridiculous. It's like they don't want anybody accepting their vouchers and make it as impossible as they can

At a very bad rate, I think 20% com, and then exchanging it to linden, and then btc you end up with nothing, and it all takes 48 hours.

So, I would not recommend.

You could instead place a listing in the -otc order book showing your buy order yourself as well.  If you enter it above market, you'll sure to pique interest.

You'ld enter the order like this:
 ;;buy 50 BTC at "{mtgoxbid} * 1.05 * 1.31" EUR "PaySafecard EUR.  PM me"
Which is saying you are buying 50 BTC and paying about 5% over spot, presuing the USD/EUR exchange rate is 1.31


One thing you might try is creating a market.  Describe the uses for the PaySafeCard EUR.  It can be used to fund a Skype account, I believe.  In what other ways might PaySafe Cards be redeemed?

Are there other uses you might know of, which would help to persuade a trade into occurring?

Or does VirWoX take PaysafeCard EUR?

still looking. Anyone interested please contact me.

I am trying to contact the guy that is trading PSC for BTC, but exchange is really bad so far
Any other alternatives?

Thanks for your reply!

I see some open orders on the #bitcoin-otc order book where PaysafeCard EUR is accepted:
 - http://bitcoin-otc.com/vieworderbook.php

Hi everybody,

I am looking to trade 200 Euros in PaySafecards for Bitcoins. Did a few successful trades with sonba but he is not around so I am looking for another trader. Anyone interested PM me.

Thanks!