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Question: What's your favorite international payment method?
Bank transfer - 10 (43.5%)
Pecunix - 3 (13%)
WebMoney - 4 (17.4%)
Liberty Reserve - 6 (26.1%)
c-gold - 0 (0%)
Total Voters: 21

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Author Topic: What's your favorite international payment method?  (Read 3083 times)
sirius
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April 22, 2010, 05:45:41 PM
 #1

Which one would you use for buying or selling BTC internationally? Do you have experience using some of these? Any other good suggestions? PayPal etc. would be great, but they can't be used for a bigger scale exchange because of their usage policies.

I'd like to hear about Link2Voip's payment method distribution if possible Smiley

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April 22, 2010, 08:04:34 PM
 #2

Use PayPal only if you like having your funds frozen. They also don't allow currency conversion and are prone to "friendly fraud" (see: chargeback).

Best are: Liberty Reserve, c-gold, Pecunix, Loom, e-dinar, MoneyBookers (with written permission to do currency exchange), and possibly AlertPay (again with written permission to do currency exchange).

Some other methods: money order, bank transfer, cash (in person or via postal mail), physical gold and silver, gold and silver certificates, hawala, ripplepay (prone to fragmentation problems), and LETS/Time Dollars.

Want more suggestions? I can go on and on.
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April 23, 2010, 10:56:49 PM
 #3

Webmoney is good if you are trading with Russians. Tongue
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June 05, 2010, 01:19:21 PM
 #4

Webmoney is good if you are trading with Russians. Tongue

lol
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July 16, 2010, 09:07:49 AM
 #5

Yep. WebMoney is very popular in Russia, the second one is Yandex.Money (but it is not suitable for international exchanges). I don't like WM for being over-paranoid, but since it is the most popular payment system in ex-USSR, I have an account for it. Maybe I will set up some exchanger for WM <-> BC or Ya.M <-> BC Smiley

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July 27, 2010, 11:58:39 AM
 #6

Yep. WebMoney is very popular in Russia, the second one is Yandex.Money (but it is not suitable for international exchanges). I don't like WM for being over-paranoid, but since it is the most popular payment system in ex-USSR, I have an account for it. Maybe I will set up some exchanger for WM <-> BC or Ya.M <-> BC Smiley

I would very much like. And exchange BC <-> bank account too

(I am ready to help - I can do a sql database, for example)

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December 02, 2017, 07:41:53 PM
 #7

moneygram so far!
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December 02, 2017, 08:28:50 PM
 #8

Wow, pecunix, i have never heard about that payment method, maybe that is because nobody is using that one here in my country. Monegray is very famous in here, but a lot of people are having issues with that one.

Bank transfer is always going to be one of the most safest ways to send money, but international fees are very expensive, a simple wire transfer to another country is over $40, and i am talking only about fees.

That is why bitcoin could be much more better than wire transfers in all the aspects, just compare $4 to $40 about the fees, it is insane.



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December 02, 2017, 09:45:20 PM
 #9

I have been using monegram for more than two years and they are one of the best international payment proccesors that i have ever used. Paypal is a good option too, but they are only using US dollars, and that is not my fiat money.

And pacunix is a good one too, a very good friend of mine has been using that one, and he never had problems too. But yes, the design is pretty horrible, and that is one of the reasons of why a lot of people are not using it, because it is horrible.


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December 02, 2017, 10:48:36 PM
 #10

A topic that was opened about 8 years ago, I think 8 years ago there was no international money transfer method. Despite not being in the year 2018, there is no international money transfer method today. Apart from Bitcoin, there are classical bank and switch methods as international money transfer method. Unfortunately, there has been no development for 8 years.



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December 02, 2017, 10:52:18 PM
 #11

honestly, I'm still using bank transfer as my payment method since it's more convenient for me and a lot more safer I think. But I believe blockchain technology will help us to improve on this matter, a lot of countries will surely use this in the future.

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December 03, 2017, 12:28:17 AM
 #12

Bitcoin is still banned here, there is no other way than to use the Bank.
The government has not understood that bitcoin is a new technology that makes it easy for its users.

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December 03, 2017, 01:06:59 AM
 #13

Which one would you use for buying or selling BTC internationally? Do you have experience using some of these? Any other good suggestions? PayPal etc. would be great, but they can't be used for a bigger scale exchange because of their usage policies.

I'd like to hear about Link2Voip's payment method distribution if possible Smiley

For me personally, I don't need to use anything other than bitcoin for purchases that I make. Everything that I want to buy (when I'm buying internationally) is a peer to peer transaction so that I don't have to jump through hoops and stuff. Worst case ends up being bitpay but even that isn't bad at all. I try to stay away from paypal as best I can, but for when it's needed I like to keep my balance topped off a little bit. It makes sense to just use whatever payment method is needed in the moment rather than forcing yourself to stick to one.

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