Bitcoin Forum

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A real domain would help.

What's wrong with a .tk? It works as well as a "real" domain and it's free..?

A .tk site sounds like a scam/shady site to me, as most Nigerian scammers use that kind of domain. You'll be better off with a .com/.net site for a better company image.

FYI, your FAQ has a bunch of codes. Eg. "[/dropdown_box][dropdown_box expand_text=" buyer?" show_more="Q). "

I just bought quickbitcoins.net and it will be up in a few seconds.

The FAQ thing has been fixed. Please reload the page and try again.

All I can say without revealing too much is that I have multiple layers of verification that will keep the fraud rate well below PayPal's 3% requirement.

I basically know that eventually, if my site gets big, PayPal will eventually crack down on me. I'm hoping to get in as much as possible with paypal before that happens. In the mean time I am currently setting up another credit card processor, Authorize.net.

Watching

Watching

Hey, Ryan, do you go by another user name on this forum?

~Bruno~

I dont. FYI the site is currently down while we move the website to quickbitcoins.net and implement SSL. It should be back up by the end of today.

The move to quickbitcoins.net has been completed and the site is back up. It looks like it will be another 24 hours until the SSL certificate is in place. If you're uncomfortable sending your request over the web please feel free to contact us at info@quickbitcoins.net with your phone number so we can call you to get the details that way.


Thanks!

This sounds like a great business plan. Any chance that you're selling shares to your company?

WhoisGuard and 8 ports open. Everyone should use with caution.

-- PM me if you want me to help fix that.

It's shared hosting. the FTP server and mail server are on the IP as well. I'm removing Domain privacy now.

We're not Reddit.  ;)

Thanks. Brainfart on my part  :D

Yeah, changed your post pretty quick there.

I'm not really sure what I'm doing wrong here besides trying to offer a service to help new people purchase their first bitcoin. I understand your hesitance as PayPal has a bad rep with the Bitcoin community and usually no one is willing to take the risk of offering them as a payment method. I'm starting to get the feeling that a lack of transparency, even for security reasons, is frowned upon here.

The reason I changed the post is because I didn't want to reveal too much about security as it could possibly open up a potential avenue for exploitation if someone did manage to compromise the website. Since it is now already up in another quote here is a rehash of what it said:

No customer information or BTC is stored on the server. All customer orders is encrypted with my public key and sent to order@quickbitcoins.net. No payment information is taken on the website as it redirects to the respective payment processor's site for that.

I do appreciate all the suggestions about the domain name, SSL, and whois privacy. Which is why I have moved it to a .net, am implementing SSL as we speak, and removed whois protection. But it seems other than that you all are just trolling. I figured proponents of Bitcoin would like as many competitive services as possible. I'm taking a risk to help people and hopefully make a little money. What's the problem there?

If you guys dislike the site or anything about it please feel free to not use my service. Other than that can we keep feedback to constructive criticism?

Thanks.

I have a few questions:

1. Who are you guys?

2. Where are you located

3. History of the company and any predecessor companies.

4. Why are you in this business?

5. Certificate of incorporation and amendments thereto

6. Bylaws and amendments thereto

7. List of jurisdictions in which qualified to do business or otherwise operating within

Thanks

Charlie

Can we dismiss#6, Yankee, for I'm pretty busy this time of year and need to limit my reading?

+1

1) We're Ryan and Stormy Schreiber. A husband and wife Couple. For more information about us you can see our CV's at http://www.workstopia.tk

2) We're located in Albuquerque, New Mexico

3) Our company is a spinoff of Workstopia LLC. It's a sole proprietorship that I am currently in the process of registering in Delaware (My registered agent is taking forever to respond, unfortunately. It's just a matter of waiting a few days at this point). In the mean time I am running this as an individual person and not behind an LLC.

4) The inspiration and motivation to create this service stemmed from our own experience in frustration at having to jump through all kinds of elaborate hoops just to buy and sell bitcoins. We have developed an interest in the e-currency phenomenon.  Originally, this was just a personal, intellectual interest, but seeing an area that has been neglected (using credit cards to purchase e-currencies), we decided to make an effort to fill that gap. I did a huge amount of research on why no one is accepting PayPal or CreditCards and felt like I could mitigate the risk through a combination of manual verification, paranoia-level order denial, and a stiff charge back policy for legitimate users who submit fraudulent charge backs or disputes.

5) Please see #3

7) The LLC is registration is in Delaware, though it's an e-commerce site which services anyone with an internet connection.

OK, after reading your CV and so on I have decided that you are not a scammer.  But, my question to you is this:  during your huge amount of research you must surely have discovered that the Bitcoin roadway is littered with the rotting carcasses of many, many honest companies that have tried to do EXACTLY the same thing - and I mean exactly.    Are you sure you want to have all of your PayPal assets frozen for months on end?  When this happens, and I do mean when, are you ready to make all your customers whole out of your own pocket?  I am concerned more for you now than for your customers - since I am currently assuming you are not here to scam.

The moment any money hits PayPal I withdraw it. Usually within the hour. I have also spoken to my bank and removed PayPal's ability to debit my account. They can only make deposits.

Be careful with anything you have to run manually.  BTC trades 24/7.

I'll echo Bart's sentiments and will no longer infer you as a scammer, albeit the questions may get tougher from me, and surely by others. May I offer up one piece of advice? Always respond to each comment/question with the utmost professionalism, for the moment you start barking, it's all over. That said, I'll state here that you've handled yourself quite well considering what you've contended with thus far.

That said (honestly, I dislike that phrase), in re. what I've quoted above: Exactly how do you and your wife plan on accomplishing that feat? Will you be sleeping in shifts? See what I mean about questions getting tougher (and weirder)?

~Bruno~

For the moment, the higher rate serves a twofold purpose.  One, obviously, is to help us bootstrap our business.  The other, however, is to help keep order volume low enough that we can simultaneously do business while creating and implementing a more automated system which can handle a higher order volume and thus be easier for the two of us to handle.

I have to admit that that's an excellent answer, albeit I'm not sure what question it's in reference to. You clearly stately that any money that hits your PayPal account will be withdrawn within a hour. I asked how the heck you and your wife are planning on doing that. One reason I asked is that I tried to come up with a solution in my head as to how I would accomplish such a task and an answer thus far has eluded me, hence hoping to read a reply from you as to how exactly you plan on doing it.

~Bruno~

That won't make much a difference.

If you have a 0 balance in your Paypal account and someone charges back, Paypal will debit your account for the amount.

You said you told the bank to not allow this kind of debit. If thats true (I find it difficult to believe) Paypal will then invoice you and stop at nothing to collect the payment.

Whatever you think you can do to stop it, someone else as thought of it already.

Paypal will get their money.

Sorry!  I misunderstood the question you were asking to be how we were running things in general, rather than specifically about removing the funds from PayPal.  Whenever we receive an email alert notifying us of a payment from PayPal, a very loud audible alarm is set to go off.  There is always at least one of us at home, and the alarm ensures that we can transfer the funds immediately. ;-)

Exactly! And one way they could do it is the following: At noon, you have $0 in your PayPal account. At 12:05, PayPal needs to debit your account $X, but your account currently has $0. At 12:43, a client of yours deposit $(X + Y). At 12:43:01, PayPal deducts the $X they feel is rightfully theirs, thus leaving you with only $Y. That's the good news. The bad news? Wait for it! At 12:43:02, PayPal locks your account.

Here's a new question for you. Are you going to take the time to find and read the over two dozen threads consisted of other businesses using this business model, thus proving it won't work, or do you want us users to use are valuable time and hunt them down for you?

http://stuff.pyzam.com/funnypics/f/nvrwrk.jpg

Coming from someone who has tried working with Paypal with their specific written permission of being allowed to do so, and then having them close your account and freezing your funds for 180 days, its not worth it.

I repeat, Paypal still has over $15,000 of my funds frozen for another 90 days.

One of us works days, the other works nights.  It really is just as simple as that.

What did they do when you showed them the written permission they gave you?

The key is to prevent having chargebacks in the first place.  This is why we go to such lengths to verify the authenticity of each buyer before we will accept and fill any order.  As stated before, we ARE aware of the fact that PayPal can and possibly will lock down our account.  By withdrawing the money and limiting the size of PayPal transactions, we are ensuring that the total loss will be at most the size of one transaction, which is more than offset by the profit gained by using PayPal in the first place.  Also, as previously stated, PayPal is only a temporary solution during the time in which it takes to get going with another credit card processor.  

I'm going to try to help you one more time. Please take the time to read this: http://www.aboutpaypal.org/

If, after reading, you still decide to include PayPal as part of your business plan, then expect to receive 0 customers from this forum. I take that back. Expect to receive X customers from this forum to use your exchange, all of which will issue a charge back.

~Bruno~

Nothing.

I broke up my 10 year multi-million dollar relationship and closed my 4 other accounts with them the same day. I was processing 100k+ a day on my various retail sites thru Paypal.


Your not understanding something here, forget chargebacks as you understand it.

Everything your doing is preventing someone from wanting to chargeback if they are not satisfied with the product.

Scammers will use your system to use stolen and hacked cc'd to buy Bitcoin, and then your the one who has to bear the loss.

If you want, I can easily bypass your verification system with a stolen credit card, buy Bitcoin once a day over a few weeks, and then watch as the owners slowly call their banks to claim fraud and your cc processor drops you. I will do this for you to prove a point, no ill intentions but you will lose over $10k at least. Out of your pocket.

Would you rather me do it, or a scammer?

QuickBitcoins, don't get us wrong.  We are trying to help you here.  You have a nice site and I am sure you and your wife put a lot of effort into this.  But if you accept paypal for BTC, you will have a lot of customers (X), and will most likely lose a lot of money. 

The buyers are not at risk, so you're saying they will not buy from us on principle alone?  May I also ask why anyone would issue charge backs for the reason you just stated, other than out of sheer maliciousness?  I am having a hard time understanding why someone would do that when we are doing everything possible to protect the customer from being defrauded, but you are saying that is exactly the reason people *should* defraud us?  This makes no sense, sir.


So why would the CEO of a multi-million dollar organization have lots of stolen credit card numbers to use?

Look, we understand the concern you are all expressing about our business model, given the number and types of failures you've seen previously.  I also don't think you fully understand the level of research I do into every. single. PayPal order.  I have verified statements coming from the customer verbally stating that they are buying the bitcoins, the order area code, billing address, and IP address all must geographically match, check to be sure that the phone number is not a GoogleVoice or other calling service number, match the email that the order was submitted with to the PayPal account, and in cases when I feel there is still a possibility of fraud, even do further research which I'm not willing to mention here.  Even if someone DOES charge back with my new processor, I can and will prove that it's a fraudulent chargeback and win, if someone even manages to get that far in the first place.

For instance, today we had an order in which everything matched except the phone area code.  I spoke with the customer extensively, and in every way he seemed to be legitimate, but because he was unable to provide a non-GoogleVoice phone number with an area code that matched his geographic location, we cancelled his order and refunded his payment.  Possibly 15% or more of our potential legitimate orders (not even the ones which are obviously carders) we regretfully decline and refund due to issues like this.  Yes, we may be losing some business, but we feel it is far better to err on the side of caution in this instance.

As a matter of fact, the very first order we ever received was someone trying to place an order with a stolen credit card.  When we contacted the person associated with the card, we discovered that he had not in fact placed an order with us, and were able to help him to report his card as stolen (he had no idea that it had been).  As a result, he is now a new member of the bitcoin community and he has given us a good review for the service we were able to provide him, albeit not in bitcoins.

Thats all irrelevant, Paypal will close you down once they suspect your using them to use Bitcoin. Period, no questions asked.

As stated before, we understand this.

And there's the rub. Would you do business with an entity who you know is using another business, no matter how unscrupulous said business may be, to forward their business until another option presents itself to use to further their own business?

Translated: Pretend I operate a new Bitcoin exchange business that will USE PayPal so my clients can purchase bitcoins until PayPal closes me down, at which point I will then have another credit card processor in place until they too close me down, at which point I'll have another in place, etc. At some point during this whole ordeal, I would have amassed many a bitcoin. But now all my accounts are frozen and I need to end this business. Lucky for me I already have a letter written in case such an event takes place. In starts off as follows: From the desk of Phinnaeus Gage,... Now, would you do business with me after I laid all that out beforehand?

~Bruno~

That's not how I laid things out at all. I never said I would jump from processor to processor. I said I would leave PayPal when they froze my account. I have no plans to leave a authorize.net. I've even written them asking if bitcoins is against their TOS. Please note that I expect the account to be frozen for dealing with Bitcoins, not due to chargebacks. At that point if the site volume becomes too large to handle all the manual verification I have plans to make the credit card aspect invite only. 

You're changing what I am saying to make my plan easier to attack. This is called the Straw-man argument. What I cant figure out is why you want this to fail so badly.

Again, I don't think anybody is trying to attack you.  Maybe Bruno is saying that people who genuinely want to exchange BTC via paypal will not do it with you because they foresee problems with your business model.  You will attract people who will profit from your business.  If I don't want you to lose money, I would tell you to be careful.  If I am looking to profit from your business, I would wait quietly for my turn.  Getting paid with paypal and sending out BTC are both very easy to do.  Try to see why there aren't any successful businesses exchanging BTC with paypal.  Just make sure this is worth your time and don't lose money.

You're fuckin kidding me, right? Here we are trying to help you, but you can't figure out why we want you to fail. As far as the Straw-man argument is concern, that is not the case either, albeit you never did state that you would jump from processor to processor. Lets start with the facts then. You will leave PayPal when they freeze your account. Keep zeroing the account every hour on the hour and I say you're good for a few days--at most. A couple months ago, PayPal told my sister that she had to quit the same practice while operating her eBay account, and she was doing it only 4-5 times a day--all ligit transactions. You stated that you're using PayPal until they freeze you out but by then have another processor in place, therefore at the moment you don't have one in place. You wrote to PayPal asking them if bitcoins is against their TOS. Their reply? If you know beforehand that your PayPal account will be frozen in some point of time, why use that service in the first place? Now I ask other question. Why are you so adamant in using PayPal?

Here's a quick story. Once upon a time, a married coupled, let's call them Bruce and Ed, expressed that a great place to hold a convention would be, let's call it Pattaya. All the convention goers tried to convince them that Pattaya was a terrible choice to hold a convention, but they didn't heed the warnings, going so far as to start dissing the so-called naysayers. Long story short, the naysayers were right, and the couple distanced themselves from the group. The happy couple would probably still be part of the group if they hadn't remained steadfast and adamant with their original idea.

~Bruno~

Also, when you transfer money from PayPal to your bank account, PayPal states that the money will arrive in your account in three or four business days. All because you click the send button, doesn't mean that PayPal no longer has control of said funds. Those funds are not sitting inside some copper wire between PayPal's server and your bank. They are going through an approval process.

To be clear, there is no Straw-man argument, real or intended, in this post, nor do I want your business to fail.

If you plan on doing this, you'll also need to zero your bank account daily. Paypal WILL get through the block you set up, prior agreements be damned.

I told him that already but he did not listen

I'm not attempting to "diss" you at all. I haven't suggested anything you have said is "bullshit", called you a scammer, or unprofessional. I'm not sure who is insulting who here.

I also called the new credit card processor, not PayPal.

Look. Like I said before. I appreciate the fact that you are trying to help us here, but I feel as though my plan has addressed all the possible concerns you have raised. If I'm wrong then it's my fault. It's my mistake to make. You get to tell me "haha I told you so" if I lose money on this. I'm not trying to ostracize from the community in any way, shape, or form.  If simply disagreeing with you and making my own mistakes makes that happen then why would I want to be apart of the community in the first place?

Let the man do what he likes. I'm fed up trying to dig up old threads that charted the problems faced from start to the end by using PayPal. You'll see an influx of 'buyers' when carders and bot networking people hear of your new site. And the rest would be history.

I just don't want to see members of this forum get screwed if this exchange decides to cover their losses and take the money.

We've all seen it happen before, let's not pretend lol

That wouldn't happen. Seriously Yankee? You don't like my plan so now you attack my character? I thought you of all people were better than that.

The second reason I have kept the maximum so low is because I want to have enough to cover any potential loss. Like I said, at most one transaction is what's gone. The profit I've made so far covers that. No one is going to get screwed. Period.

Stop taking things so personally and being so sensitive.

I'm looking out for my fellow Bitcoiners. No offense to you, but I have no idea who you are. You can be Shakaru, Astana, Atlas, Tom, or anyone one of the scammers.

Nothing against you, but I have other priorities.

I have a moral and legal obligation to look out for my customers, many of whom can easily be scammed or have money stolen from.

He is afraid that you might be one of those scammers like this one was :https://bitcointalk.org/index.php?topic=65097.0 .  I haven't bothered to look for more as I'm tired now.

FIXED: New Bitcoin Exchange in town (http://fakexchange.tk/)

I can vouch for fake-exchange, I used it to get rid of my excess money. Transfered the money and never saw it again. Would highly recommend it.   :D

As mentioned above PayPal will just debit a zero balance and then come after you in court or through a collection agency.

There has been a trail of failed attempts OP we are just giving a heads up that is all.

Lasse from Bitcoin Nordic here.

I'd like to point out the extreme similarity in looks between www.quickbitcoins.net and www.bitcoinnordic.com

The theme is a publicly available theme, but the interesting thing is that a lot of content has (almost) been copied too. I.e. the splash image, the menu options. It's so close that it's very distasteful.

Is it just me or does this conversation we are currently having sound eerily familiar in how it starts then of course in how it ends ...

https://bitcointalk.org/index.php?topic=53803.0

Any chance you are Darin Stanchfield  ?

WOW, thanks for pointing that out!

This doesn't look good for QuickBitcoins

Less, your doing a great job connecting the Nordic region with Bitcoin, keep up the great work  ;D We should connect


You beat me to the punch!

^^Quickbitcoins you could have at least picked a different template wow haha ...^^

......And that is hard to stay ahead of you! :P

It's the Themia theme from Wordpress. I admit, your site did give us some inspiration for our design. I figured since you only serve the Nordic community and we're more geared toward the North American market there would be very few overlap issues with our visitor base.

 What is imitation besides the sincerest form of flattery?

Either way I'll get working on a redesign now. Apologies.

So wait... Why aren't you all ragging on BitcoinNordic for accepting credit cards?

We don't accept PayPal which has shut down all other Bitcoin-sellers. We only use PayPal for paying customers selling Bitcoins to us - not the other way around.

Likewise for BitInstant in the US!

So you actually really, really, really thought noone would notice, and that we wouldn't be bothered by your ripoff? You must be one of those people I will probably never understand.

Introducing a bitcoin business isn't for the faint of heart when it comes to this community. If you don't come armed with a van full of body guards you are likely to get ripped to shreds  ;D.

I like to think of it as guilty before proven innocent ( right, or wrong I might add) .  Specially, when it comes to this particular subject of "Buying bitcoins".  I don't believe this is anything against you personally its more of automatic defense by the community to vet's one business. We've all been through a lot.  Which leads to me to ask you Ryan  have you not been in this community for awhile? You had to know this was going to happen or what is the deal?

interesting: removed by request

C'mon guys let the honest paypal people make some money .. sorry more money. QuickBitcoins let us know when you hit 60k in your account.. that would give paypal for 180 days a good % interest on your money. don't you think you can withdraw as you wish ( hit and run ) paypal will block your funds for too many withdraws

i moved from paypal to dwolla i want to hit the 70k mile see how dwolla will handle that since i have 43 days left on my 44k sitting in paypal. no offense  QuickBitcoins but you will be left with a headache after dealing with paypal. i think after i withdraw my 44k i will sue paypal ( hope my mom's lawyers will help me )

Anyway if our predictions here are wrong don't take it personal take it "paypal"  ;D
will try your service in the near future let's but for now you have a read more button that has the same "index" fix it it\s more professional

If you have 44k why do you need mom's lawyer? :-)

I can't figure out who this monad guy is on Bitcoin OTC. As far as for removed by request, there are only three results on Google search, but many for removed by request (one r in hurry). Most of the latter removed by request are musicians, hence the former is a lead guitar player.

you think you will sue paypal with a 4th hand lawyer? hahaha no way you might just take your money and burn them. paypal has an army of lawyers and plenty of time to spend on courts

Sometimes I get the feeling that someone is talking with himself ...

Is this a SCAMMER?

I sent an order and they didn't even call.  Then they said I did not pass verification.

Hello anon1anon,

I just want to make sure I understand you correctly here:


Does your name start with Z? If so during your first order you attempted to pay with a card belonging to someone else. Once you told us the name on the front of the card (Note: We didn't get the card number) we realized that it was a female name and you are a male, so we stopped the order process. We then informed you that you cannot pay with another person's card. Soon after we received another order with a different name (female this time) but the same email address, same IP, and different phone number. On the second order the phone number you provided us was a Non-fixed VOIP, which we do not accept, so we rejected your order.

If you could please explain how we scammed you without ever accepting payment information I'm listening.


Thanks,

QuickBitcoins

QuickBitcoins have been around for a few months now and they only have good reviews.

Unless you have proof of a scam, do not accuse a member of our community of being one.

Thanks

Hey at least the (attempted) scammer bumped your thread for you!  How very nice of them :)

Just an update for this thread:

- http://www.quickbitcoins.net

Hello all,


QuickBitcoins is now under new ownership. I, the original owner, no longer have any relationship to QuickBitcoins. I no longer check or respond to emails at the domain, use this forum account, or have any other relationship to the organization.

Thanks

Who are you talking to?