Topic: Sell your BTC for Moneypak +5% bonus through FacebookChat or Torchat - Learn How - page 26. (Read 71493 times)

Those two services don't prove identity.

You claim to have extensive feedback on Silk Road and claim to have done business on #bitcoin-otc. I could claim to be any user on #bitcoin-otc and the only way to prove it would be to sign a message with my public key.

Any reputation you've accumulated via the #bitcoin-otc WoT is useless in this situation if you're not willing to cryptographically prove that you're the person you claim to be.

First, thanks for trading your BTC with us through moneypaktrader.com and other methods. We appreciate your business and hope to do many more transactions with you in the future.
MoneypakTrader or MoneypakTrader.com are the otc profiles, but they only confuse customers due to the bigoted posts by otc users with negative opinions regarding our endorsement of SR. Using our services through moneypaktrader.com has no relationship to SR.

Please substantiate with credible references showing the results of this, we've only heard of this reversal method failing when the recipient claims ownership of the MP in their account.
We don't ask for receipts, but if having the receipt has made the difference in keeping a card open (credible references required), we will investigate that. So far (4/29/13) there are no credible reports of what you claim. The links to such claims in this thread were all debunked.
The deciding factor (as the overwhelming evidence shows) is whether the recipient declares they are not the true owner (i.e. they say someone gave them the code, which could result in reversal).
Worst case scenario (if the recipient declares ownership), recipient has card closed and gets check in the mail for balance. This happened numerous times after heavy loading to many customers.
Bottom line, don't say you bought the MP code with BTC. If Card/ GreenDot asks for explanation, say "it's my money", "I loaded it", etc. and you won't lose the money. It costs them more to investigate/litigate it then to simply close the account and send you the money. They won't even spend the time/resources to have the fraud team call you on the phone, they use email/messages to have CSR's (in india/mexico/Philippines) mediate it.
 They have plenty of warnings to protect themselves from the guy claiming the MP was empty. MP just don't go empty unless the code is shared. . .
Follow that advice and you're guaranteed to receive your money.
If you're paranoid, just go withdraw the $$$ at the ATM immediately after each load to remove the perceived possibility of reversal.

1) get a card that is on this list https://www.moneypak.com/WhoAccepts.aspx
This will require going to the card's website and "qualifying" to have the card mailed to you.
Some of the popular cards are: www.mangomoney.com accountnow.com walmartmoneycard.com greendot.com americanexpress.com/prepaid serve.com rushcard.com
but countless others are available.

2) a) Register an account at moneypaktrader.com (Using your TC username if possible).
b) Place the order to load your debit card, including your load preferences in the order.
c) Deposit BTC for how much you want loaded (use the calculator on moneypaktrader.com).

3) receive $$ to card

Can you update your original post with a link to your WoT identity, and a link to your public key, and sign the original post with the public key tied to your WoT identity?

Is it possible to get a copy of the receipt for the moneypak used to load the prepaid card?  There is one way to reverse moneypaks by calling greendot and saying the funds were already spent when you went to load them, but if I have a receipt copy, that strategy doesn't work.

need step by step instructions.

i haven't used torchat and don't see it available on my android.

i would like to load my debit card, say with $150.  what is step 1?  how do i get the bitcoin address and amount from you? and is it only then that i send my card # and zip via privnote?  and then how to get the link for the privnote to you?

No, we only need the Card # and zipcode (required by green dot to load the MP). We don't want your expiration date or CVV, which could compromise your account, and of course, there's all the other account info we don't want (name, SS#, address, phone #, etc.).
These are MP's we acquire from 3rd parties who like to invest in BTC anonymously.
They provide the amount, MP#, amount, and zip code. We can relay that if you like, but it is rarely relevant.
We use an algorithm to ensure the MP's we process are virtually guaranteed to be usable and fully transferable to your card, provided your card can accept MP's.
You are encouraged to withdraw the $$$ from the ATM as soon as it is loaded onto the card for 100% risk reduction.
We welcome you to try the service.

This is a very interesting service.  8% over spot is an incredible deal.

If I am reading this correctly, in exchange I need to provide my full account information?  It is safe to assume that you are loading MoneyPaks that you are unsure of their origin? 

We actually allow both methods. Use torchat for a straight coins for code trade if you don't want to share that info.
But, generally, there are two main reasons, control and verification of payment.
1) In order to verify the load goes through, it's the best way to guarantee you received the money to your debit card.
2) Theoretically, there could be a situation where the code is valid when provided to you, but then it gets cashed and becomes invalid by the submitter before you use it. In this case the buyer would likely have the slim risk of loss. If we have control over the deposit, you don't pay unless the load goes onto your card (eliminates the risk of the MP being spent in the minute or two after us checking it, before you cash it).

AFAIK MP codes go to the first user and are irreversible, so whoever cashes first gets the money with no threat of chargeback.

TorChat ID for real time trades: km6zzhrcgncpq7i2

Why do you require this information instead of sending your customer a Moneypack code?

EDIT:
use moneypaktrader.com or Torchat to discuss since that quote is no longer relevant.

should the info be sent as a pm, or as an e-mail?

[redacted]
Thanks Steve, Well said.
There's plenty of people who want to use virtually anonymous $USD$ MP's to buy my BTC with, hence the higher prices there.
What I'm really offering a bargain for is the debit card loading service. I know there's a lot of people with BTC that might want to diversify into USD at a fee free transfer rate. Now you can do it in relatively high volumes ($400+ per day).

Just to make sure you aren't misreading the OP, those fees listed are for someone buying bitcoins using MoneyPak.  There aren't better established options -- because there are no other places that will take my MoneyPak and in exchange send me bitcoins.  

Now whether this person can be trusted to not scam is a whole different issue.   There's not been any reports yet either way.  We do know that the track record for those who operate anonymously is not good at all.  There are a couple of services I use and trust enough to recommend even though they are operated anonymously so just because it is operated anonymously doesn't automatically mean you will lose money.  It does mean, however, that the risks are way elevated.  (Ironically, to-date I've lost an order of magnitude more with services that did not have anonymity -- specifically Bitcoinica and BitFloor, than I have with those running anonymously -- specifically losses for wagers on a gambling site that disappeared, and a donation to someone in need which instead was someone running a scam.)

That being said, ... I'll let you go first.  

Note I wasn't promoting my own service (I have no connection to the link) I was just pointing out there is no need for anyone to deal with a unknown high risk, excessively high fee ripoff.  There are better established options at a fraction of the cost.

[redacted, they are out of business]

Yeah, the $400+ conversion is your best bet.
The $200 MP has high risk of fraud and therefore higher fees to offset that.
Smaller amounts are harder to process and thus have higher fees.
Unfortunately buying BTC anonymously is going to cost a little more than the standard methods. We hope there are people outside of SR who would appreciate government free conversions. Using an exchange or state registered company you're guaranteeing the government has access to your personal and transactional information.
We're offering a premium service focusing on privacy and confidentiality which justifies paying higher fees over exchanges.


You have the choice of where to entrust your money for conversion services. Now there's one more to choose from.

We don't appreciate your open bigotry against drug users and hope others see your comment as such.
For the past 20+ years, the United States was continuously ruled over by 3 different supreme leaders who were drug users.
We recommend people withdraw support/tax money from the USA if they have a conscientious objection to doing business with confessed drug users such as those ruling the USA.
We are open-minded and friendly to voluntary business relationships with [supposed] sinners such as drug users. Government is almost exclusively an involuntary relationship and as such, we recommend NEVER voluntarily doing any business with a government unless absolutely necessary to avoid their violence (under duress/coersion).

Drugs such as marijuana and MDMA are a great alternative from alcohol for people who want to experience something new without the risk of killing themselves and others accidentally in the process as alcohol and other government supplied drugs are known to do on a regular basis (Notable alcohol/drug deaths) (and no, death from blunt trauma is not due to pot). Obviously, it is a personal choice whether/which drugs to use and if it interferes with your personal and business life, you may want to reconsider your choice.

Unfortunately there will be bigots who don't like who we associate with, but that's you're problem since there's plenty of open-minded folks who understand our business and support what we're doing.

How did you become a scammer, btw? NM, but please go educate yourself away from the bigotry.

PSA for any noobs who might actually not know any better.

There is a long time established MP seller, who has done hundreds of orders, has lower prices, and faster delivery.

https://bitcointalksearch.org/topic/btcpak-exchange-your-bitcoins-for-mp-100-250-500-and-1000-mps-64805

Not really sure what the OP is trying to do here.   "See I got this soda.  It isn't as good as Coke, isn't as well packaged as Coke, it costs a lot more than Coke, and requires you to wait a lot longer than Coke.  You want to try it instead of Coke?"

So if I send you a $200 MP you're going to give me $100 in BTC? Thats insane!


Great! So you do drugs....thats someone I want to trust my money with!

We have done past money trading business outside this forum and WoT, using Silk Road mostly since it has such a well developed feedback and escrow system for bitcoin transactions such as buying MP loads and it allowed us to develop the money trading business into what we have today. Our customers using SR are obviously a little skittish about posting here due to all the bigots in this community.
This thread is mostly for feedback. Despite the numerous troll posts, you'll see feedback from some of our customers.
We recommend customers start with small amounts of coin/$ (~$500) until they get enough cards to receive more volume and are satisfied with the results of smaller transactions and thus move up gradually until you're comfortable.
There is always a risk of theft, for example, when we contracted with a relatively trusted person here "TradeFortress" he was able to steal 27 BTC despite his relatively favorable reviews at that time. That jackass is still claiming he coded our site after I paid another programmer to actually do the job. TF did not EVER deliver a working site to us and definitely did not make any meaningful contribution to our website (moneypaktrader.com).

Anyways, in summary, be careful and only deposit such amounts as you can afford to lose (good advice for any deposit/trust accounts - commercial banks or exchanges as well as others).

You've registered your domain with privacy protection.

You've registered your forum profile just two days ago.

Your forum profile lists an anonymous e-mail service (Tormail).

There is a recommendation on the Bitcoin-otc wiki:

- http://wiki.bitcoin-otc.com/wiki/Using_bitcoin-otc#Risk_of_fraud

Do you have a history with the #bitcoin-otc Web of Trust (WoT) or will you provide identity?