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Topic: SMS to Bitcoin UK - bitcoin-services.co.uk - page 2. (Read 6557 times)

member
Activity: 99
Merit: 10
February 07, 2013, 07:05:24 PM
#7
Keep a close eye at every single transaction.  It's very likely someone will report their phones stolen, and guess what...you will already have given them bitcoins and you will not get your money.
hero member
Activity: 868
Merit: 1000
February 07, 2013, 12:01:43 PM
#6
pretty cool service, your prices are insane tho, consider lowering and I may use it now and then

There was dialcoin, and there was sms2btc (I ran this).

Prices are not cool, and do you good folks know why ?

Because there's far too many scammers out there, who will run up phone credits on stolen credit cards, use someone elses phone etc. The seller of bitcoins for sms can experience chargebacks 90 days after a purchase is done, so it's basically a useless business model.

So, what seemingly seems like exceedlingly high prices are just the operator trying to turn a profit while paying the high fees to the middle men, and twarting fraud attempts.

It's not fun to be on the operating end of this.
hero member
Activity: 626
Merit: 500
https://satoshibet.com
February 05, 2013, 09:51:54 AM
#5
pretty cool service, your prices are insane tho, consider lowering and I may use it now and then
sr. member
Activity: 462
Merit: 250
January 29, 2013, 01:02:34 PM
#4
i spent 30 eur there last week or two weeks ago to get 1.25 btc (not on sms2btc but the premium number call but it's the same service)
it worked as expected
the prices today/yesterday are just robbery
member
Activity: 84
Merit: 10
January 29, 2013, 12:24:24 AM
#3
Has anyone tried this service?
sr. member
Activity: 462
Merit: 250
January 28, 2013, 07:19:24 PM
#2
your prices are not cool.
a week or two ago I thought 6 eur for 1/4 btc is gross but kinda acceptable
today 7.23 eur for 1/10 is stealing
newbie
Activity: 37
Merit: 0
December 28, 2012, 07:33:51 PM
#1
Hi
I have just launched an sms to bitcoin service at www.bitcoin-services.co.uk/sms-to-bitcoin.php
At the moment I'm paying out a total of
0.3 bitcoins per £5
      0.2 bitcoins are sent instantly, and the other 0.1 bitcoins are sent after 60 days once I receive a payout from the provider in case of charge backs or abuse. I may vary the charges so check on the site for the current payout.
The network operators take a huge chunk of the funds,just under 50% so I'm trying to give the best payout I can taking into account of the risk of chargebacks or non payment from the providers.
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