paypal dropped mtgox

[kiba]

I got liqpay to work finally so we will be using that. I should have it hooked up tuesday.

It seems like we will be going from bad to worse.  LiqPay's forum went off - but when it was on, it also showed the recurring theme of people's funds being stucked for 180 days, people only being able to withdraw to Visa, support not being helpful, etc. etc.  Do you want to send your money to Russia/Ukraine?

CurrencyFair based in Ireland, http://www.currencyfair.com/ , seems legit enough to trust your funds with.

Oh dear, on top of a paypal-like behaviors, we're going to wait until Tuesday?

When Mt. Gox will recover its full glory?

[mcjohn]

Here's what  I could grab from the liqpay forum screen before a screen cover wanting me to log in cover it:


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Account blocked - LiqPay trying to steal my money ?

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Account still blocked - Wait 180 Days,WTF ?!

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A мoжнo дoбaвить бeлopyccкиe pyбли для oплaты?

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1.registering to user was very easy and sms code is great idea. 2.website desaign +chat+forum very safisticat and nice 3.purchasing a UKASH cards online is great idea. 4.chat represent dimitry was very nice and helpful. 5.furtanatly when purches Ukash u mast pay in Ukrain moany but i geas its becose operator locat in eist europ 6.general score is good for this site (i still not understand all its feture but i buy few Ukash from it and only place on web i finde sell it)

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CAN PLEASE LIQPAY MANAGER CONTACT ME AS PROMISED WHEN PROBLEMS WITH VERIFICATION ARISE - Problems with account- since my account is in GBP - it's hard to confirm the blocked amount in USD, as it's not debited it can only be confirmed in GBP, thank you,i

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[nanotube]

my 0.5 btc :

ACH (only works in the US)

still not a bad start (can you guess i'm in the US? )

LibertyReserve: (ok except expensive to transfer in and out)

1% is quite reasonable, as far as transfer fees go.

[kiba]

Perhaps, Mt. Gox. could add many options for deposit and withdrawal?

[bitcoinex]

I got liqpay to work finally so we will be using that. I should have it hooked up tuesday.

You're crazy?! With liqpay you don't solve the problem and will aggravate it! You get the same thing as with Paypal but given the fact that any disputes should be solved in the Ukraine.
(Note: Ukraine is the place where live carders who robbed BTC exchanges.)

Why do not you want to use a simple bank transfer? This is the only thing that can guarantee the reliability of delivery and a small percentage of fees. So do all payment systems except those that has the ability to chargeback. Waiting only about 3 days until the transfer goes. (In Russia, at least)

[dabbad]

Bitcoin is system irrevocably paying, hence optimum to use similar systems for decrease in risks of a stock exchange. These are systems Libertyreserve and Perfectmoney.

[caveden]

LibertyReserve: (ok except expensive to transfer in and out)

1% is quite reasonable, as far as transfer fees go.

That would be much cheaper than paypal by the way....

[mtgox]

nanotube & cavden: LR is 1% to transfer between accounts. To convert cash to LR is 5% or more and to convert it back to cash is 5% or more. So it becomes quite expensive.

nanotube: I probably will still set up ACH. It takes more time though.

bitcoinex: I don't have a bank account in Europe so I can only do bank transfers in the US. I could wore to europe but this is expensive and I haven't found an automated way to do that.

I'm not saying liqpay is perfect. I haven't used them enough to know how shady they are. But there doesn't seem to be a good alternative at this point.



 

[Anonymous]

nanotube & cavden: LR is 1% to transfer between accounts. To convert cash to LR is 5% or more and to convert it back to cash is 5% or more. So it becomes quite expensive.

nanotube: I probably will still set up ACH. It takes more time though.

bitcoinex: I don't have a bank account in Europe so I can only do bank transfers in the US. I could wore to europe but this is expensive and I haven't found an automated way to do that.

I'm not saying liqpay is perfect. I haven't used them enough to know how shady they are. But there doesn't seem to be a good alternative at this point.



 

You are right about LR being expensive. Especially when you also have to convert the US dollars to other currencies.

Would you consider getting a consortium of interested parties together to fund a merchant account so that you could accept direct bank transfers?

This really would be the best solution!

If you had an account at currency fair you could buy and sell currency for bitcoin users without them having to get an account there (for a  fee of course).

[S3052]

This is the best idea I heard for a while. I support it 100%.

[mtgox]

I don't see how currency fair helps? They don't let you transfer to particular people.

> Would you consider getting a consortium of interested parties together to fund a merchant account so that you could accept direct bank transfers?
I don't think US banks do this. They have either wire transfers or ACH.

[mtgox]

davidonpda: ACH is fine for the US. But I think less than half of the gox users are from the US. So I want to get a global solution up first.

[bitcoinex]

bitcoinex: I don't have a bank account in Europe so I can only do bank transfers in the US. I could wore to europe but this is expensive and I haven't found an automated way to do that.

I have no accounts anywhere except Russia. This is normal.

Europeans will have to make their exchange, or at least, would make an Euro account in bank and use the engine of our exchange sites. And residents of other regions too.

This is reliable independent distributed system of exchange. So usually work currency exchange.

Only unlike the goverment we do not need to monitor the trade balance. Customers who privately will be able to occasionally spend the conversion of other currencies in the other automatically will track behind it.

davidonpda: ACH is fine for the US. But I think less than half of the gox users are from the US. So I want to get a global solution up first.

I think such a global non-repayable payments can not be. Because nobody is interested in this, except users of bitcoin. Neither the state, nor the banks and nor the global payment systems.

In fact, bitcoin themselves should be the first such system

[bitcoinex]

Bitcoin is system irrevocably paying, hence optimum to use similar systems for decrease in risks of a stock exchange. These are systems Libertyreserve and Perfectmoney.

It's the same system as bitcoin.
How to sell their currencies these systems? All the same, by bank transfer payment?

[dabbad]

Bitcoin is system irrevocably paying, hence optimum to use similar systems for decrease in risks of a stock exchange. These are systems Libertyreserve and Perfectmoney.

It's the same system as bitcoin.
How to sell their currencies these systems? All the same, by bank transfer payment?

It is a lot of variants of replenishment of the account!
For Libertyreserve: http://www.bsrates.com/
For Perfectmoney: bank wire https://perfectmoney.com/easy_way_deposit.html
or exchanges https://www.perfectmoney.com/business-partners.html

[bitcoinex]

Bitcoin is system irrevocably paying, hence optimum to use similar systems for decrease in risks of a stock exchange. These are systems Libertyreserve and Perfectmoney.

It's the same system as bitcoin.
How to sell their currencies these systems? All the same, by bank transfer payment?

It is a lot of variants of replenishment of the account!
For Libertyreserve: http://www.bsrates.com/
For Perfectmoney: bank wire https://perfectmoney.com/easy_way_deposit.html
or exchanges https://www.perfectmoney.com/business-partners.html

A lot of variants? By links I see only "wire transfer" and "exchanges to others currencies".

Ok, wire transfer is about something that I suggest (bank transfer)

"Exchangers" exchange from others currencies, but theese others currencies also need to be buyed for USD. None of these currencies does not have a full cycle (I do not know exactly how it's called), that is, you can not get these currencies salary and spend it in the offline store (of course, if you not carder, pirate pornosite owner, or contributor to network financial pyramid)

And these currencies are facing the same refunds challenges of exchanging that bitcoin now or using bank transfers?

Wanga said: The fate of bitcoin - transformation into a digital hawala

[gumtree]

I don't see how currency fair helps? They don't let you transfer to particular people.

You can add a third party beneficiary bank account, see http://www.currencyfair.com/help.jsp?id=4

Even if yours is a USD bank account, the transfer out, to the third party beneficiary may be in any of the available currencies (and an order should be able to be filled at best available offers - if your funds are still in USD and they need to be sent to a EUR bank account for example).

[gumtree]

When you sign up with currency fair, your account's first funding (local transfer in USD, EUR, AUD, NZD, etc., etc. - usually free) has to come from one of your own bank accounts (via local transfer at 0.00 cost).

After that funding, or transfers in (or paying customers) may be from third parties by doing local transfers to the different Currency Fair accounts in there local jurisdictions (USD, EUR, AUD, NZD, etc., etc.).  The destination Currency Fair account is used as a reference to allocate these incoming funds to the correct Currency Fair user account.  MtGox might implement a unique random amount of cents to be added to the transferred amounts to allocate third party transfers to his Currency Fair account to his different user base:  Say at any specific day User A and User B wants to transfer USD100 to MtGox at the same time:  MtGox would request User A to transfer USD100.17 and User B to transfer USD100.73.  The amount showing up into MtGox's Currency Fair account as USD100.73 would indicate that User B has done a successful third party transfer at that time to the MtGox's Currency Fair account.

For transfers out:  Members send their LOCAL (USD, EUR, AUD, NZD, etc., etc.) banking details to MtGox, and gets added as beneficiaries into MtGox's Currency Fair account.  When a user wants to withdraw from MtGox, MtGox sends money to the user's bank account via local transfer in the correct currency, all with the help of Currency Fair's built-in functionality.  There is a cost related to transfers out, this is within reason, in order for Currency Fair to run a profitable business.

Here are some current conversion rates, what you would get when selling your 1 USD =, 1 AUD =, or 1 EUR = (compare to current effective credit card conversion rates?):

1 USD = 3.6520 AED	1 AUD = 3.6175 AED	1 EUR = 5.1030 AED
1 USD = 1.0040 AUD	1 AUD = 0.9979 CAD	1 EUR = 1.4029 AUD
1 USD = 1.0068 CAD	1 AUD = 0.9440 CHF	1 EUR = 1.4082 CAD
1 USD = 0.9531 CHF	1 AUD = 0.7056 EUR	1 EUR = 1.3312 CHF
1 USD = 0.7118 EUR	1 AUD = 0.6166 GBP	1 EUR = 0.8697 GBP
1 USD = 0.6222 GBP	1 AUD = 7.642 HKD	1 EUR = 10.780 HKD
1 USD = 7.714 HKD	1 AUD = 1.3051 NZD	1 EUR = 1.8412 NZD
1 USD = 1.3171 NZD	1 AUD = 2.7502 PLN	1 EUR = 3.8785 PLN
1 USD = 2.7754 PLN	1 AUD = 1.2776 SGD	1 EUR = 1.8027 SGD
1 USD = 1.2896 SGD	1 AUD = 0.9849 USD	1 EUR = 1.3898 USD
1 USD = 6.774 ZAR	1 AUD = 6.708 ZAR	1 EUR = 9.466 ZAR

See live bids/offers now at:  
http://www.currencyfair.com/view-live-forex-market

[mtgox]

gumtree: Is there a way to automate this?

[gumtree]

gumtree: Is there a way to automate this?

If they do not have an api, my programming abilities are limited and I would not in the position to comment.