Any o ther way to get cash on mtgox to paypal? Bitinstant down

[PuertoLibre]

One thing to note:

FastCash4Bitcoins had a better set up (IMO).

They constantly update their current available balance in BTC to USD transfers, only offering up openly how much cash they actually do have in reserve. The amount available at any given time is seemingly divided by the number of orders there are among checked out users.

So the balances are always not round numbers.

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BitInstant though, they always keep either a round number (500) or they don't show any number (out of reserves).

So when they (BitInstant) probably has a heavy day of sales, they "over sell" the capacity of reserves.

Thereby always opening the door to complaining customers who have to wait *days* for BitInstant to fill up reserves with Bank Transfers, money that clears at an exchange and gets reloaded into reserve account(s).

It does seem to keep happening every couple of weeks these days. It also explains why users are attended to at different days rather than all on the same day and hour.

Meaning there is probably a finite financial pipe that BitInstant seemingly has that restricts how fast they can refresh their reserves. If I recall correctly, they even admitted this the last time it happened. Supposedly it was going to get fixed....

[atariguy]

How are you supposed to use services like BitInstant, anyway? If you try to send Bitcoins to a Paypal or bank account (ACH) they ask for amount in USD. That makes no sense...

Our system internally only deals with USD, the new bitcoin payment method simply sends BTC to a partner who sells it on our behalf for X amount of USD.

So I just put in the USD amount I think my BTC is worth? Where do I put in the actual number of BTC? 

[Extravagant]

Doesnt matter MTGox to paypal is down.

and probably other things. I was really counting on BI, Really dont understand why they took such a refined site and decided to replace it with a coding nightmare.

[URSAY]

Doesnt matter MTGox to paypal is down.

and probably other things. I was really counting on BI, Really dont understand why they took such a refined site and decided to replace it with a coding nightmare.

If you'd like to access the old site you can do so at old.bitinstant.com

[atariguy]

I still don't understand why you're asking for USD amounts when transferring from BTC to Paypal or ACH...