Hey man! Sorry, we don't check here for support reasons.

Unfortauntely, Paypal did suspend our account and we made every effort to contact customers and refund them. Can I ask if you have received a refund?
If you haven't we will do everything we can to rectify this situtation!

Big Announcement! Major Fee Cuts
Due to popular demand, we have changed our website currency to deal in USD only. As a result, we have also switched the exchange which we use to provide Bitcoin services.

What does this mean for you?
Primarily, it means lower fees. If you have USD in your Paypal account, you will benefit greatly from this.

What are the fee changes?
Here are all of the places where the fees have changed:

Paypal Currency Conversion
As I am typing this, Paypal offers a USD to NZD rate of 1 USD to 1.41522 NZD. According to google, the real market rate is 1.47590584. Since you don't need to do this conversion any more, you will save 4.2% in currency conversion fees!


Paypal Processing Fees
While I was operating in NZD, Paypal charged me 3.9% + 0.45 NZD. Now that I have switched to USD, Paypal is charging me 3.4% + 0.3 USD. I'm passing all of these savings on to you, meaning you save another 0.5%.


Market Spread
Independent Reserve had very large spreads (difference in Buy Price and Sell Price). Right now their prices are 671 NZD (sell) and 684.99 (buy). This is a spread of 2%! Meaning if you purchased at this exchange, then sold for USD at MTV, you would lose 2% instantly. BitFinex (the new exchange) has rates of 457.38 (USD) Buy 457.28 (USD) Sell, a spread of just 0.02%. If you are depositing into MTV, you could be paying up to 1.9% less! Otherwise this should easily save you another 0.8%


Exchange Fees
Our new exchange only charges us 0.2% per transaction, instead of 0.5% which Independent Reserve charged us. This allows us to lower some of our fees. We have lowered our sell fee to just 0.05%, saving you another 0.35%.


Maximum Total Savings: 6.6% in Fees
Total Discount (relative to previous fees): up to 41%


What else has changed?
We have converted all of our affiliate balances into USD. We have used the current market rate to convert the currencies, and then we have given you an extra 15% to compensate for this conversion.


These are all estimations, but they should be pretty close to reality. I would love to hear the results of our new exchange process.
Buy and Sell Bitcoins via Paypal

Paypal will automatically convert all currencies to NZD when you purchase. Unfortunately, we don't offer USD native transactions yet.



Thanks for your interest in this specific aspect of our company policy. Just to clear up some ambiguity, we process orders instantly, you just can't purchase again until 3 days have past.

We have put this in place from some of our own research which did provide some evidence that this is effective in reducing the rate of fraud.

Can I ask, do you do cards for Companies?
I'm under 18 so I can't get a personal card right now

Apologies for the lack of funds over the past few days!

We have replenished the account with $4000 NZD. We have also waived the 3-day waiting period between transactions, so you can purchase again regardless of when you last purchased

We have also lowered our selling fee from 0.9% to just 0.2%

Thanks for all of your comments 

Regarding the fraud checks, yes blocking non-verified people is one of the things we do. We do make use of other services, such as MaxMind, SiftScience, FraudRecord, our own systems, and some others.

Unfortunately, I cannot go further in depth.

Thanks for pointing that out! Yes, I did mean 20% of our profits on each order. I've edited the post to reflect that 

Note: I know I'm a new user here, but bear with, I can provide proof of my legitimacy.

I'm the owner of the website xBTC.co (https://xbtc.co/).
xBTC.co is a 2 month old exchange which allows you to buy and sell Bitcoins directly from your Paypal account. Compared to other Paypal -> Bitcoin exchanges we are cheaper, especially for low amounts (around $10 - $30).

Due to the risk involved with Paypal we utilize multiple fraud detection algorithms, so we apologize if we preemptively block your order. If this occurs to you, please contact support to resolve this issue.

Our fees are simple and easy to understand:

• 5% fee for buying + Paypal Fees
• 0.05% fee for selling + Paypal Fees (sent via Paypal Personal Payment approx. 0.5% - 1%)

Benefits

• No verification, documents or registration required.
• Automated transactions, which are approved instantly
• Simple and transparent pricing
• Buy orders processed in under 15 mins
• Sell orders processed as soon as your Bitcoin transfer hits 6 confirmations

Affiliate Program
We also offer an affiliate program where you can get paid to promote xBTC.co

• You will receive 20% of our profits on each order
• No registration required, we use a simple unique link
• Payments via Paypal and Bitcoin

Click here to: Join xBTC.co's Affiliate Program

Evidence of Legitimacy
As proof that I mean business, and won't scam you, I offer the following proof.

• A screenshot of a few transactions via Paypal: http://imgur.com/NJwMhub. This is to show that people have already trusted me.
• You can see testimonials about my website over at MyTrafficValue: http://www.mytrafficvalue.com/forum/monitor/xbtcco_paypal_to_bitcoin_exchange/1.html . My username is invest_uearn.
• I will also not be self-moderating this post.

If you have any questions or feedback, please don't hesitate to post here or contact our support on my website

Click Here to Buy and Sell Bitcoins via Paypal
or find us on Facebook here

Disclosure: I am owner

You can buy BTC through my site: https://xbtc.co/ using Paypal.
BTC sent within 15 mins usually.

However, since it is via Paypal, fees are higher than usual (5% + Paypal fees).