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Author Topic: paypal dropped mtgox  (Read 28809 times)
mpkomara
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October 11, 2010, 05:03:45 AM
 #21

"I get my paypal money from doing tarot card readings on the phone"

ahh-- so you're the one using paypal to steal people's money. Wink
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doublec
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October 11, 2010, 05:07:01 AM
 #22

I get my paypal money from doing tarot card readings on the phone, I don't really have the option of receiving my pament in any other form.  If I can't find an easy easy way to turn paypal into bitcoin I may have to start trying to encourage people to auction some of it on e-bay.  (hopefully with a buy it now that is not too far from the going rate)
buybitcoins.com still shows as accepting paypal payments for bitcoin purchasing.
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October 11, 2010, 07:49:22 AM
 #23

Isn't there any sort of insurance to cover these "chargebacks"?
Couldn't mtgox demand them for new users of insecure form of payments?

By the way, I thought that credit card payments already had such insurances "embedded"... I think in Brazil they have, at least I think I heard so... now I'm not sure.

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October 11, 2010, 08:20:55 AM
 #24

I get my paypal money from doing tarot card readings on the phone, I don't really have the option of receiving my pament in any other form.  If I can't find an easy easy way to turn paypal into bitcoin I may have to start trying to encourage people to auction some of it on e-bay.  (hopefully with a buy it now that is not too far from the going rate)
buybitcoins.com still shows as accepting paypal payments for bitcoin purchasing.

It doesn't show anything to me, are you getting the site? I just get a question about my country in a form that doesn't work.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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October 11, 2010, 08:58:12 AM
 #25

It doesn't show anything to me, are you getting the site? I just get a question about my country in a form that doesn't work.

The form didn't work for me but my browser (Firefox 3.6) popped up to say that the site wanted to request my location via the HTML geolocation API so I used that. That took me to the next page requesting my email. Then I get an email with a link that takes me to the site where you can buy coins. It's a complex process and I'm guessing will put a lot of people off using it.
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October 11, 2010, 06:16:22 PM
 #26

Any news on the original subject?

How can someone help to enable MtGox to open a funding system again?

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MoonShadow
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October 11, 2010, 06:29:00 PM
 #27

I get my paypal money from doing tarot card readings on the phone, I don't really have the option of receiving my pament in any other form.  If I can't find an easy easy way to turn paypal into bitcoin I may have to start trying to encourage people to auction some of it on e-bay.  (hopefully with a buy it now that is not too far from the going rate)

Why don't you just start telling your clients that you also accept Bitcoin for your services, and let them figure out how to get them in their own way?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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October 11, 2010, 08:43:25 PM
 #28

What is the timetable for a new payment processor to go up?

jorgen
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October 11, 2010, 11:25:30 PM
 #29

I find www.click2pay.com could be a good candidate as a payment processor.

Here is copy from their site:

The advantage is all yours.

Thousands of merchants worldwide trust CLICK2PAY.

For good reason: we represent your interests when it comes to payment on the Internet. We check identity, credit, protect you against fraud and guarantee secure payment receipt.

To do this, we take over your payment management and offer you the greatest transparency in the form of individual reports, which you can define according to your wishes.

Individual statements fulfil all of your needs.

Our system is easy to integrate technically and its look can be tailored to suit your Web design. This way, CLICK2PAY is perceived as an integrated service from one supplier — you.

Our team will support you step by step during the implementation.
The advantages at a glance:

    * No declined payments
    * Extensive management and reporting functions
    * All common payment functions
    * Individual statements and payments
    * Easy technical integration into your Website
    * Adaptation of the look to your design
    * Secure data transfer
    * Versatile marketing support

Babylon
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October 12, 2010, 04:45:11 AM
 #30

"I get my paypal money from doing tarot card readings on the phone"

ahh-- so you're the one using paypal to steal people's money. Wink

I have one satisfied customer who has paid for a reading directly with bitcoins actually.  I prefer using bitcoins because then the customer does not have to pay until after the reading. 

I'm confident enough in my product to take cash after delivery.  Can you say the same thing?

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October 12, 2010, 04:46:11 AM
 #31

I get my paypal money from doing tarot card readings on the phone, I don't really have the option of receiving my pament in any other form.  If I can't find an easy easy way to turn paypal into bitcoin I may have to start trying to encourage people to auction some of it on e-bay.  (hopefully with a buy it now that is not too far from the going rate)
buybitcoins.com still shows as accepting paypal payments for bitcoin purchasing.

Last I checked buybitcoins had 4 coins.  And had that amount for a long time.  I am pretty sure that site is dead.

Babylon
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October 12, 2010, 04:50:08 AM
 #32

I get my paypal money from doing tarot card readings on the phone, I don't really have the option of receiving my pament in any other form.  If I can't find an easy easy way to turn paypal into bitcoin I may have to start trying to encourage people to auction some of it on e-bay.  (hopefully with a buy it now that is not too far from the going rate)

Why don't you just start telling your clients that you also accept Bitcoin for your services, and let them figure out how to get them in their own way?

Because then I would be diverting business from the company that I read through.  That's against my agreement with the company.

I can advertise independently, and have been trying to build up a bitcoin clientelle as well, but I don't have my own independent website set up yet. The potential income from the bitcoin market is pretty small since the overlap with people who desire tarot card readings is, currently, really tiny.  Unless there's another tarot card reader for bitcoin out there I don't know about who got the other potential customers.  Not enough clientelle to justify hosting fees.

azazar
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October 12, 2010, 08:18:11 AM
 #33

I think, that Paypal is just a beginning. Anonymity attracts scammers.
The Madhatter
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October 12, 2010, 08:39:08 AM
 #34

Anonymity attracts scammers.

It isn't all bad. It also attracts the privacy conscientious. Smiley
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October 12, 2010, 08:45:37 AM
 #35

as soon as I have another payment method you can withdraw your gox USD again.
How about getting an € bank account in Europe and restore service to european users?  Transfers between € accounts are free, and the risk of cashback is very low.  USD users can also transfer money to the account for a fee, and you can transfer to other countries for a fee.

Sjå http://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
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October 12, 2010, 11:59:42 AM
 #36

as soon as I have another payment method you can withdraw your gox USD again.
How about getting an € bank account in Europe and restore service to european users?  Transfers between € accounts are free, and the risk of cashback is very low.  USD users can also transfer money to the account for a fee, and you can transfer to other countries for a fee.

+1
Timo Y
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October 12, 2010, 01:02:46 PM
 #37

Quote
How about getting an € bank account in Europe and restore service to european users?  Transfers between € accounts are free, and the risk of cashback is very low.  USD users can also transfer money to the account for a fee, and you can transfer to other countries for a fee.

Getting a bank account in Europe is very difficult if you are not a legal resident. I presume the MtGox owner lives in the US outside the Eurozone.

The only place I know where a foreigner can simply walk into a bank with their passport and open an EUR account on the same day, is Switzerland.  They still make sure that the barriers are high. Last time I checked with UBS it required a minimum deposit of CHF 50,000 for these non-resident accounts.
  

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October 12, 2010, 06:33:08 PM
 #38

Quote
How about getting an € bank account in Europe and restore service to european users?  Transfers between € accounts are free, and the risk of cashback is very low.  USD users can also transfer money to the account for a fee, and you can transfer to other countries for a fee.

Getting a bank account in Europe is very difficult if you are not a legal resident. I presume the MtGox owner lives in the US outside the Eurozone.

The only place I know where a foreigner can simply walk into a bank with their passport and open an EUR account on the same day, is Switzerland.  They still make sure that the barriers are high. Last time I checked with UBS it required a minimum deposit of CHF 50,000 for these non-resident accounts.
  

Perhaps some enterprising (likely meaning German) European could enter into a pack with the owner of MtGox, and either function as a European partner or get a copy of his site code to run a parrallel market in Europe.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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October 12, 2010, 06:58:26 PM
 #39

I am buying bitcoins via ebay and I will transfer funds to the sellers bankaccount as long as it is within Europe.

http://cgi.ebay.de/ws/eBayISAPI.dll?ViewItem&item=280574586285
just click on it and we will be in contact

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mcjohn
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October 12, 2010, 07:37:26 PM
 #40

Hi all, goto http://www.exchangezone.com/ and register a username - then create a ticket and request them to add Bitcoin to their exchange mediums (they currently let members exchange USD: Liberty Reserve, Alert Pay, Bank Wire, c-gold, MoneyBookers, MoneyGram, Neteller, Paypal  Angry, Pecunix, Western Union; then EUR: Liberty Reserve, MoneyGram, Western Union; WmE & WmZ through their ESCROW!!! services as an auction between the mediums of exchange for the members.

Refer to http://www.bitcoinwatch.com/ and http://www.bitcoin.org when making a ticket request to them to add Bitcoin to their exchange mediums.

And really MtGox, paypal  Huh is not the only payment processor out there - when will we be getting an update on what your timeframe is for adding another payment processor (as it seems that the finality of MtGox transactions depends on MtGox's payment processor).  Paying out legitimately bought bitcoins to reputable username buyers  immediately should definitely be a consideration (discriminately tested with legitimate successful past transactions in mind - past business trust relationship).

Should we MtGox bitcoin buyers stucked with bitcoins in MtGox not all start to consider requesting a MtGox chargeback from Paypal Angry for having to wait 30 days for product delivery (if it will be 30 days and not 180 days thrown around now - MtGox, business should have a trust relationship - act discriminately and settle transactions with historical trusted parties)  You can send cash wire transfers, or the like, to the poor (ALL) legitimate bitcoin sellers with the (portion of the) money YOU have withdrawn from Paypal from most places in the world (which Paypal could not put a hold on like you have stated in your prior post.)  I would say giving MtGox 7 days from today (before requesting a chargeback from Paypal for non-delivery of product)  to clarify all of this mess would be reasonable.
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