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Author Topic: Accept cash deposit at my bank?  (Read 614 times)
willz123 (OP)
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December 06, 2012, 11:42:22 AM
 #1

Hi Everyone

So im selling some bitcoins, but i wondered if there is any reason why I coundn't accept cash despots into my bank account if the buyer walks into thier local branch? Would there be any problems with this? Ive seen a few adverts saying they wont accept cash deposits so is there good reason for this?

Thanks

William
mjc
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December 06, 2012, 02:43:46 PM
 #2

To find people who wil be willing check out Bitcoin-OTC  http://bitcoin-otc.com

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willz123 (OP)
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December 10, 2012, 03:44:24 PM
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Thanks but that hasnt really answered the question. Do you see any problems with accepting cash at your local bank as a payment method?

Many Thanks
Killer19
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December 10, 2012, 03:49:33 PM
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Thanks but that hasnt really answered the question. Do you see any problems with accepting cash at your local bank as a payment method?

Many Thanks

If you can find someone that'll accept that method, only speed bump here basically. It happens though.
mjc
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December 10, 2012, 03:54:46 PM
 #5

No there is no problem with that method.  It is actually used a lot by the guys over at bitcoin-otc.  There is no charge back so it is safe.

Kindle : Bitcoin Step by Step (2nd Ed) : http://www.amazon.com/Bitcoin-Step-by-ebook/dp/B00A1CUQQU
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tarrant_01
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December 10, 2012, 03:58:56 PM
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What bank do you use?

See my sig.

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