Bitcoin Forum

experiment closed

Is this in USD?

Alright, excellent thank you.

This would probably work for me better than a INT EFT to my bank seeing as those costs seem astronomical.  :'(

May i know if this works for Non-US Paypal account?

How many transactions have you done to date?

wouldn't recommend selling 5 btc a day for paypal....Paypal starts to bust balls after you get a few grand in your accnt.. from btc trades.

Sent 1 btc two hours ago, says Completed but nothing in PayPal.

We do not see a 1 BTC tx in our back-end.

Please paste the txid if you have it and we will investigate. We use coinbase as our merchant provider and have tested 20+ live transactions with no problems.

The system is really good at notifying us when a payment has been made (partial or impartial), if someone fills an order and we then manually review it & execute it on PayPal.

I emailed you the txid. Please investigate.

There is no email in our help@coinpal.nl inbox. Please send there or post the TXID here in the thread...

Thanks

I emailed you again, why are you pretending that I don't exist? Are you trying to scam me?

Whats the guarantee that after funds are sent you will not dispute ?

Well i can be your good customer :)

Do you send funds as gift / service ?

Considering OP has positive trust and you have negative trust it makes it easier to determine who's telling more of a truth and the other more of a lie, doesn't it?  :o

Still haven't responded please refund my 1 BTC! Or send me the paypal

Not rocket science guys please make sure your payment system is working

that name
such trust
wow

Don't know why you are wasting our time....

No email/pm/payment/txid has been received....

If you have any serious problems or concerns please let us know if you don't please leave this thread and stop wasting peoples valuable time.

We send out the payment as a payment for goods and services.

All purchases are final. We will never charge back after we receiving our Bitcoins.

Completed a transaction for almost 3btc and it was hassle free.

I had my payment within minutes.

Thanks for the quality service.

I'll surely use again when I am need of getting some fiat out.

Bert

what happesn when paypal tracks down this service and blocks account any way to get around.

I called and asked paypal. Told me that selling Bitcoins for dollars without appropriate regulatory licensing is against their policies and they can't comment on any specific case, but warned me to use as "all outgoing payments may be reversed" if they find it against their policies.

CoinPal is buying BTC back from its users.

CoinPal is not selling BTC and would never sell BTC for reversible Paypal transactions.

CoinPal operates in Holland where buying BTC is legal.

That's what I asked, the user selling bitcoins for fiat. Maybe you should call them but I'm not using your service.

You should of already realized this was against their policies, it has been known for a long while now - it is why people don't address payments to anyone with comments using terms like (BitCoin) as that is a sure fine way of getting caught.

The odds of being caught are not as high, though if people like you start calling companies like PayPal and giving names like CoinPal then of course the chances of the payment being rejected are a lot higher.

It's against paypal policy. the account will be suspended in less than a month I promise you, and everyone who thought the service is good will be cryingcam s afterwards when paypal reverses all transactions (reversing transactions for this kind of thing is their policy too). Look at thebitman and that's a under 18 year old who just did a few small trades.

Why act like moron you know no gateway that can be reversed will ever allow buy / sell fiat or coins of their competitors.

Unless he does any dispute there shouldn't any issue.

Only for exchange bitcoins to paypal or any other ecurrency?

Thanks flip pro, now i need a way to BUY some btc with my paypal. I want to invest, let it sit and see where it goes... But at least now i have a way to get btc converted to Paypal.

That unfortunately will be almost impossible to pull off, and WOULD bring a wrath by Paypal (charge-backs galore). That's all they really care about, making sure their payments don't charge back and that your fraud ratios are in line with all other merchants.

Sent an email to PayPal reporting this site for violating Paypal's accepted use policy. Hopefully paypal shuts this down before more people uses it and loses the money (paypal has been known to reverse all transactions befor, look at thebitman). Your account balance will be negative and you'll (the users who use coinpal) receive calls from paypal's collection department.

Help out, go here:

https://www.paypal.com/us/webapps/helpcenter/helphub/home/?action=emailus

Email us

Report Fraud / Prohibited Use

High Risk Business / Prohibited Use


Why did I report it? Because the sooner this is shut down (this WILL be shut down), the less victims there will be.

Paypal does not care about charge back rates - the original coinpal had 0.7% chargeback rate and got shut down, even after assurance previously from paypal what they are doing is OK. Look at FastCash4Bitcoins which did something similar and are now shut down. Nobody escapes the wrath of paypal - if you think you are special, you ARE a scammer as your customers will be victims when paypal reverses transactions.

And the tooling begins, why do people like you even do this, if you had half a brain you would realize that you are investing in an illegal currency, like WTF really?

Clearly you aren't half intelligent are you.

I'm glad its been reported.  It would get shut down eventually by Paypal.   At that point, people will lose their money and this "marketing" rep for the company would run away with the BTC.   To many shady companies.   He claims to be their Marketing VP but doesn't know to refer to them being in the Netherlands?  Their domain is proxied.   pfffft don't trust them.

You guys really want to shutdown the site ?

Been in this community for over 3 years, I'm not running away with anyone's Bitcoins...

The money being sent out is money coming from our own bank account.

We have no reasons to be vindictive or harm anyone it seems you do....

I don't know what the situation with the original "coinpal" was so I won't speak for them. FastCash4Bitcoins DID NOT get shut down by Paypal. They got shut down by the state of Virginia for "unlicensed money transmission", which they are still fighting the compliant till this day.

This shows just how much you really know....

someday maybe I use your service... Congratulations ;)

At the current price of BTC.  Length of time in the community means zilch.  So why is your company proxied?   You keep stating its owned and located in Holland The Netherlands.   You claim its owned by some entity called B.V.O services who link back to the main conpal.nl site, lol.    Where is the business registration information fo B.V.O services?  In your head?   So if your so confident your not against Paypal TOS stick a few hundred BTC in escrow for your potential customers to get back should PayPal start reversing payments.  Doesnt matter it comes from your own bank.  They will reverse them, and when they do your customers will get fucked.

We have processed over a dozen orders since launch!

Thank you all for your tremendous support!

Keep the orders coming :)

Dumbass, post here then and prove us wrong...

I need to pay 35$ PP for something asap and looks my wife drained my card, lol. Could we do it off the site, I'll send you btc, you send those 35$ to the Paypal I give you.

Why are you trying to scam? Just use the website. Not implying the website isn't a scam either, but customers seem to be happy with it thus far, aside from the other scammer "ScammerZhouTong"

Fuck off you idiot and your accusing me for scamming without knowing a shit.

I can't do it from the site because I live in Bosnia and can only pay with Paypal from my credit card balance, not from Paypal balance (they send me my paypal balance once per month to the withdrawal card).

That's why I need him to send the PP money to the address I need to pay to. I even wrote that I'd send btc first you dumbass.

I just sent coinpal 0.1 BTC as a test. Let us see what happens.
Coinpal addy: https://blockchain.info/address/1ApaRVvRzYnAK5PfpY9Mnmu554NGDb37Y9
Transaction: https://blockchain.info/nl/tx/c699a664a353cfec133110d09360a72c7e7705806210bc3d7fef6fe26e1524ab

2013-11-17 11:14 EST: 1 confirmation. Nothing in PayPal.
2013-11-17 11:33 EST: 3 confirmations. Nothing in PayPal.
2013-11-17 11:45 EST: 6 confirmations. Nothing in PayPal.
2013-11-17 13:00 EST: 15 confirmations. Nothing in PayPal.
2013-11-17 15:37 EST: 28 confirmations. PayPal arrived!

Coinpal did what they said. It took about 4-1/2 hours.

Depending on when the order is made and who's in the office it can happen much sooner

Coinpal manually verify all orders so the process can take 1-4 hours to complete.

Cheers.

The question I have is, are you able to fulfill orders when the bitcoins arrive (all the time) how are you funding PayPal to pay the funds out?

We have a script that auto sells Bitcoins at the standard market rate.

To pay invoices out we use our own bank secured funds.

Thanks, though it still concerns me.

The coin value of my coins in AUD are increasing and are now nearly worth $1k in total, I know you do it in USD - though once all converted it comes near $1k.

Anyways, my main concern is are you able to fulfill every ones funds even if it will cost you a fortune to pay people out of their coins?

Coinpal has a limit of 5 Bitcoins per customer.

Larger orders may take longer to fill depending on our available cash at hand.

If you are looking to fill a larger order please feel free to shoot us an email at help@coinpal.nl, and we'll let you know.

If we're ever running too low to fulfill orders, we will halt buying on the site and not take any new orders until further notice.

We appreciate your concern thank you.

I am interested in doing this, but the current MtGox rate is currently $600 per BTC and you are offering $494.81 is this a glitch?

I'm glad I saw a service like this.Can I get them converted into GBP (as I'm based in the UK)?If not does PayPal convert USD to GBP once you get the cash into your account? If I need help with a transaction what can I do to get this?What recourse do I have if something gets lost (it happens sometimes)?In case you're wondering I'm new to the service and wish to know more before signing up as it looks pretty handy.Thanks :)

Yes PP can do currency conversion.

https://www.paypal.com/helpcenter/main.jsp;jsessionid=L2xLQLvTNG9003F0mQFhhwbTzBzkLvh4Xfm2S4RZPflstswRSJJc!74389335?t=solutionTab&ft=homeTab&ps=&solutionId=1205232&locale=en_GB&_dyncharset=UTF-8&countrycode=SG&cmd=_help&serverInstance=9002

Interesting.

I'll do a test transaction and see how it works out.

We are currently having issues with high demand.

We respectfully ask you all please hold off on any new orders until further notice.

We're changing some things on our site that will allow us to throttle orders as they come in so that we can server you better.

Regards.

Just curious - which BTC exchange do you use for determining the BTC valuation when it comes to converting to USD?

CoinPal uses Bitstamp to come up with the BTC valuation.

From there Coinpal adds a 7% fee.

Thank you.

Great service and experience.

The network was slow yesterday, but they even sent me the $$ before full confirmation of the BTC I sent them.

No problems whatsoever.

my order confirmation email was completely empty, but funds transferred all fine and quick so I guess I am not complaining. Scared me for a second but it all works great!

Is this service still running?As lately I've been getting messages like 403 when I try to access the link or not even accessible in some cases.Has the company gone bust or is it being rennovated and will come back at a later time?As I'd love a much easier option than dealing with Mt Gox as they want my ID before I can trade now (they say it can take up to 10 working days).

Seems to be gone...

There is another alternative for Bitcoin to PayPal exchange (http://tedjonesweb.blogspot.com/2013/12/how-to-exchange-bitcoin-to-paypal-visa.html). This payment service provider (http://goo.gl/KevI3j) (aff. link*) also work with many payment systems. You can exchange your bitcoins to USD or RUB sent to your Visa or MasterCard (only works with non-US cards).

* Disclosure: this is my affiliate link, I may receive commission if you sign up and use this service.

Omg i dont know why people want to get bitcoin to paypal or other way around it is proven bad method.
This is not the way to exchange coins. it is not safe and as you can see businesses cant profit from it.

The safest way is P2P or WU, etc, not paypal, too many fraud attempts, chargeback etc its not worth it..

its a shame paypal is bad though but that is because of paypals security system.

Try this www.friendswithcoins.com

Benefits

For Sellers

• Instant payments using PayPal or email money transfer
• Reduced risk of chargebacks since you're dealing with friends and friends-of-friends
• Free social advertising
• The average facebook user has 245 friends. FWC includes friends of your friends giving you a potential reach of 60,025 (245 x 245) people

For Buyers

• No lengthy account approval process
  
• Send money instantly and cheaply instead of waiting days for a payment to process
• Personal Bitcoin wallet created on sign up with a new address generated for each transaction
• Withdraw Bitcoins at any time or keep them in the online wallet
• Only pay current market prices since sellers don't include risk fees

Leek, do you have to send in verification or prove who i am, some sites have the KYC know your customer policy
which i dont like because by sending in documents the purpose if anonymity which is the whole point of bitcoin
is defeated.
I will take a look at friends with coins since i need a site, but can you help me with that question

You sound paranoid. He is not in the US, and Paypal chargeback team hardly messes up with people outside the US, to avoid expensive legal procedures and possibility of foreign governments restricting their use.

No, you don't have to send in verification since you're not buying BTC's from the site but from people who you might know or who your friends might know. The site connects you to those people.

Oh yeah, that's what we need.

For Facebook (the NSA's friendly right arm), to track Bitcoin transactions and addresses.

The whole point of BTC is to avoid that....

DUH !!

Yes i dont like this idea, also its very hard to find friends who actually know what BTC is.

I prefer staying anonymous and going on exchanges even, but even that is not anonymous and can be tracked.

i still prefer this over regular cash i really do.

When you sign up for MtGox or any of the other exchanges, you have to hand in bank statements, utility bills and government issued ID to people you've never met before. You don't think the NSA can see that?

FWC just needs to know if you're a friend of the seller. And Facebook Connect does not mean the site has to give Facebook access to their database. They can't see what's going on within the site. It's just used for authentication to see if you and the seller/buyer are friends.