Topic: Wanted $200 paypal Loan - 7 days or less - 45 btc collateral - 3btc fee (Read 2048 times)
February 15, 2012, 06:36:14 PM
Thanks Burt!
February 15, 2012, 12:31:33 AM
Loan repaid!
Yes, transaction complete. Excellent customer. Would lend again. February 14, 2012, 07:41:06 PM
Loan repaid!
February 07, 2012, 11:57:31 PM
Loan made.
February 07, 2012, 08:48:26 PM
I've gotten several PM's and might have found my lender. Will keep the thread open for feedback.
February 07, 2012, 08:47:02 PM
You could repay through a PayPal refund. From memory, that also refunds the PP fees, but importantly, means that neither lender nor repayer can later reverse their payment and scam the other party.
Good tip!
February 07, 2012, 07:07:13 PM
Is this anything a trusted member is interested in? I would need this today (feb 7th)
PM me.
Thanks!
PM me.
Thanks!
PM sent.
February 07, 2012, 07:01:07 PM
You could repay through a PayPal refund. From memory, that also refunds the PP fees, but importantly, means that neither lender nor repayer can later reverse their payment and scam the other party.
I have done a PP loan before and would also be happy to help out under these terms.
I have done a PP loan before and would also be happy to help out under these terms.
February 07, 2012, 06:44:56 PM
Is this anything a trusted member is interested in? I would need this today (feb 7th)
What repayment method would be used? A prudent lender would likely only want to consider a non-reversible repayment method (e.g., Mt. Gox code/USD). Given that would be an acceptable term of the loan then this might be an attractive deal for a lender.
This is even better than Payday Lender rates which of over 400% interest (APR) with the loss of risk due to default being low (since if the $200 isn't repaid there is $240+ worth of collateral that could be easily liquidated). Even if the BTC/USD drops by 25% (e.g., from about $5.50 down to about just over $4) the worst that would happen is the lender goes just 7 days without $200.
For comparison though, pawn shops require collateral at a higher ratio than this though and even the collateral they accept isn't exposed to the price volatility that bitcoin sees.
February 07, 2012, 06:34:10 PM
If I understand this I may be in. Is this what you are talking about?
Today: You send me 48 BTC and I send you $200 PayPal
In a few days: You send me $200 back, then I send you 45 BTC back
Today: You send me 48 BTC and I send you $200 PayPal
In a few days: You send me $200 back, then I send you 45 BTC back
February 07, 2012, 06:08:50 PM
Is this anything a trusted member is interested in? I would need this today (feb 7th)
PM me.
Thanks!
PM me.
Thanks!
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