I've been working on this site for some time now and trying my best to make it a good and safe experience for both the user and myself. The first draft of the site was a bit confusing to people as it made the user purchase points in order to exchange to bitcoins, I found it very time consuming and useless. So after speaking to PayPal about the new business model, I've created a new updated version of the site that allows this paypal to bitcoin exchange to work.
The final draft includes:
-No sign ups
-Average processing time updates
-Exchanges from $1-$100
-Lowest fee's possible on the net (For every $100, there is a $6.19 fee this includes paypal fee's as well).
-Added a calculator that shows how much money you will get back in bitcoins.
Here is the site, I hope it helps the community and that I get like minded individuals to use it.
http://bitcompound.com/I am also open to new ideas or extra features for the site. I also had an idea to create an affiliate program to let others make money in the process, this is soon to come. I have to figure out how to install this feature without the user having to sign up (not even sure if its possible but I will look into it.)