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Topic: Spend bitcoins anywhere PAYPAL is accepted, NOW FEE FREE! (Read 1858 times)

hero member
Activity: 700
Merit: 501
Hi !

I need spend my bitcoins buying some items in this web ( http://www.nitroplanes.com/ ) they accept paypal, can you say me if is possible ?

Thanks !

No problem. Just choose Paypal USD from the drop down menu in the order form at spendbitcoins.com.
newbie
Activity: 12
Merit: 0
Hi !

I need spend my bitcoins buying some items in this web ( http://www.nitroplanes.com/ ) they accept paypal, can you say me if is possible ?

Thanks !
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Keep in mind I think Paypal is reporting earnings now to the IRS (I don't remember the source of the info). This will look like an unreported income (if you don't report it).  If you reported your earnings in bitcoins, then you may be able to discount this as already reported income. (IANAA)


Not everyone live in USA...
hero member
Activity: 700
Merit: 501
How long does it take to transfer bitcoins to paypal through this service?

It takes a maximum of 12 hours as I am on Australian time and orders are processed manually at this time (in other words it takes a long time if I've just gone to sleep when you place your order, but otherwise it's generally pretty quick).
member
Activity: 117
Merit: 10
How long does it take to transfer bitcoins to paypal through this service?
hero member
Activity: 700
Merit: 501
I wasn't referring to you, I ment anyone that you send paypal to so that they can pay for something.

Oh, right. Sorry for the misunderstanding. Smiley

I don't, however, think this is too much of a worry unless you spend a large amount per year this way. But I'm certainly not an accountant, so take what I say with a grain of salt.
hero member
Activity: 533
Merit: 501
I wasn't referring to you, I ment anyone that you send paypal to so that they can pay for something.
hero member
Activity: 700
Merit: 501
Keep in mind I think Paypal is reporting earnings now to the IRS (I don't remember the source of the info). This will look like an unreported income (if you don't report it).  If you reported your earnings in bitcoins, then you may be able to discount this as already reported income. (IANAA)



I'm not RECEIVING PayPal, I'm SENDING PayPal. Smiley
hero member
Activity: 533
Merit: 501
Keep in mind I think Paypal is reporting earnings now to the IRS (I don't remember the source of the info). This will look like an unreported income (if you don't report it).  If you reported your earnings in bitcoins, then you may be able to discount this as already reported income. (IANAA)

hero member
Activity: 700
Merit: 501
I can finally close my paypal account!

Sure you can.

But not because of this. Your PayPal account is still used in the transaction as we send a PayPal payment to you & you use that to purchase online. Sad

Sorry it wasn't quite as good as you thought!

 Wink
hero member
Activity: 588
Merit: 500
Coinabul - Gold Unbarred
I can finally close my paypal account!
hero member
Activity: 700
Merit: 501
You can now use http://spendbitcoins.com to exchange your bitcoins for PayPal USD and then shop anywhere PayPal is accepted (or just transfer the money to your bank account).

We are now funding these transactions from a bank account rather than a credit card, so depending on the type of PayPal account you have, these transactions can be FEE FREE!
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