funding liqpay with PP debit card?

[sublime5447]

Has anyone done this successfully? I sent two payments they posted as pending then they were refunded. After about 3 hours and 200 messages they told me that my bank didnt reply to their request for verification. After another 100 or so messages I got them to tell me where they sent the request. It was to info@bancorp.com. I dont have an account with them so I am not surprised they didn't respond. I was going to use my regular debit card but it is visa and they wont take it. Any advice?

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[koin]

Any advice?

yes, don't speculate with money borrowed using your credit card.  get a title loan on your yacht or something maybe and then buy bitcoins with cash?

[sublime5447]

didnt even read it did you? It is a debit card jack ass

[cptmooseinc]

sublime, I've done this plenty of times. I recently added $500 via LiqPay to BTC-e as of last night (to take advantage of arbitrage). I never had an attempt to send funds actually work until I received the letter from them to confirm my address. I also added my Paypal card to my account with them (somewhere you can do it on the left side after you've logged in). After those two steps were completed, the site let me send funds to BTC-e no problem.

And for anyone who says don't try to send funds this way, if you have a PP Debit Card linked to your bank, it will move funds directly from your bank, to Paypal, and send to LiqPay. Paypal will front your funds to Liqpay, so you can have a zero balance in Paypal and it will use your backup method. Also, since the card processes as a credit card, you get at least 1% real cash back at the end of each month.

LiqPay adds 1% to your deposit (max $250 each/$500 a day max). BTC-e takes 1% of what you deposit as a fee for processing. So together that's a 2% fee. If you have at least 1% cash back, then you effectively only pay a 1% fee. I have a card that pays 1.5% cash back, so I get off with only paying a total fee of .5% to deposit funds via Liqpay. Sure, I can't deposit as much as if I did MtGox to BTC-e and paid a 1.5% fee, but when BitInstant runs dry and they don't refill for a day, the spread gets very large, making it a perfect opportunity to buy and do arbitrage. I could put $500/day in for 6 days and be sitting on $3000, wait for an arbitrage opportunity, and probably make about $100-$120 every week and a half doing it.

[sublime5447]

God I wish that was my experience. I linked my card on the 14 sent a 51 dollar payment then a 200 dollar payment on the 15. It took 2 days to complete. Once it did liqpay said they were waiting for a response to an email they sent to my bank before the funds would post 2 days later they refunded both payments and said that they never got a response. I found that the sent to bancorp, which is not my bank. I use PNC. I was told by PP that I wouldnt be able to fund it with their card.
I sent a request for address verification, I guess I will try again after I get it verified.   

[cptmooseinc]

Yeah, you just have to wait. It took me like 2 to 2.5 weeks to get the letter in the mail. It really does come from Russia.

Until then, you could always use BitInstant and get funds from MtGox over to BTC-e for a 1.5% fee.

[sublime5447]

I have a verified okay pay, a verified mt gox, a verified dwolla, a liqpay, a coinbase, all these methods suck dick. I sell for PP so it has to go from PP to bank 2 or 3 days, bank to dwolla 2 or 3 days, dwolla to gox 2 or 3 days, the coins are gone the same day when I get them then 8 to 10 days to get more. Shit is stupid.

[cptmooseinc]

Sounds more like a liquidity issue than anything else. You should have enough funds to keep some in all parts of the chain at all times. That's how you get to stay on top of it. (:

[sublime5447]

That is the issue. I cant fund all the accounts and buy inventory for my other business. It simply isnt worth it. I could buy 100's of coins and then sell them over a few days, but am not willing to hold the coins to risky. I put up lots of capital with small returns on BTC in my other business I put up small amounts of capital and have large returns with no risk.

[cptmooseinc]

Well, once you get your verification letter, BTC-e should work, then you can get about $500 a day worth of coin ($495 deposited in BTC after fees). Then it won't be as risky. Just have patience!

[sublime5447]

Will do thanks for the help and positive attitude that is in short supply around here.