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Author Topic: CoinPal beta - Buying bitcoins with PayPal  (Read 143976 times)
Mike Hearn
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February 26, 2011, 10:34:37 AM
 #121

This is just a heads up that CoinPal might be broken at the moment. I just tried to place an order and PayPal told me that there was a problem with the sellers email address that meant the transaction could not be processed.

Given mndrixs performance so far I'm sure this will be resolved shortly.
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Michael Hendricks
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February 26, 2011, 02:21:45 PM
 #122

This is just a heads up that CoinPal might be broken at the moment. I just tried to place an order and PayPal told me that there was a problem with the sellers email address that meant the transaction could not be processed.

Given mndrixs performance so far I'm sure this will be resolved shortly.

This problem should be resolved now.  [mike], thanks for the report.

For other users who may encounter this problem: this particular error intermittently affects only a few individual orders and for various reasons I've chosen to resolve the problem manually.  If you encounter the error, PM me your PayPal email address and I'll take care of the problem as soon as I can.  Sorry the inconvenience of the manual process.
Mike Hearn
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February 26, 2011, 03:52:03 PM
 #123

Yes, the problem is fully resolved. It's a shame PayPal seems to be flaky but as expected mndrix provided exemplary customer service. He even added me to the beta testers list!

CoinPal is great and I look forward to doing business with Hendrix Solutions a lot more in future.
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February 27, 2011, 07:44:52 AM
 #124

This is just a heads up that CoinPal might be broken at the moment. I just tried to place an order and PayPal told me that there was a problem with the sellers email address that meant the transaction could not be processed.

Given mndrixs performance so far I'm sure this will be resolved shortly.

This problem should be resolved now.  [mike], thanks for the report.

For other users who may encounter this problem: this particular error intermittently affects only a few individual orders and for various reasons I've chosen to resolve the problem manually.  If you encounter the error, PM me your PayPal email address and I'll take care of the problem as soon as I can.  Sorry the inconvenience of the manual process.

I just ran into the same problem about 90 minutes ago.  i tried using the link i received in email a while later, and got a message that my order had expired.  Upon attempt to re-order i received a message that i exceeded my weekly limit...

?help

thank you

-tom

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February 28, 2011, 12:28:37 AM
 #125

Great service, I've used it several times already. Today was my first large purchase of 40 BTC. Is the weekly limitation of 40 BTC still enforced?

mndrix
Michael Hendricks
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February 28, 2011, 04:13:10 PM
 #126

Great service, I've used it several times already. Today was my first large purchase of 40 BTC. Is the weekly limitation of 40 BTC still enforced?

Thanks.  Yes, the 40 BTC limit is still enforced.  Once I have a better handle on fraud levels, I plan to increase the limit for returning customers.  It may be another month before that happens though.
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March 01, 2011, 01:09:47 AM
 #127

I'm now getting an invalid bitcoin address message. I've not seen this before.
mndrix
Michael Hendricks
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March 01, 2011, 01:42:08 AM
 #128

I'm now getting an invalid bitcoin address message. I've not seen this before.

The bitcoin daemon on my server crashed causing the BTC address verification to fail.  I've restarted the daemon and test orders appear to be working fine.
mndrix
Michael Hendricks
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March 01, 2011, 12:12:24 PM
 #129

The bitcoin daemon hung again.  CoinPal is closed until I can figure out what's going on
mndrix
Michael Hendricks
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March 02, 2011, 02:52:02 PM
 #130

CoinPal is open again.

I wasn't able to pinpoint the bitcoind problem, but I did upgrade to 0.3.20.01, so we'll see if that fixes it.
mgiuca
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March 07, 2011, 01:56:00 AM
 #131

Good work on CoinCard. I have been wondering for awhile how to get coins out of the Bitcoin system without doing a mass trade on MtGox. I just wrote up a blog post about CoinCard (but I haven't yet tried it myself).

The Domino's "proof of concept" was a good idea. Any idea whether Domino's gift cards work outside the United States? (Actually, given that last week I went to a Domino's store with one of their own vouchers and they told me it was invalid and I had to pay full price, I'm unlikely to try CoinCard on them. But I might try the PayPal approach.)
doublec
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March 07, 2011, 02:20:31 AM
 #132

The Domino's "proof of concept" was a good idea. Any idea whether Domino's gift cards work outside the United States?

They are US only, excluding Hawaii and Alaska.
mndrix
Michael Hendricks
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March 07, 2011, 02:42:35 PM
 #133

Good work on CoinCard. I have been wondering for awhile how to get coins out of the Bitcoin system without doing a mass trade on MtGox. I just wrote up a blog post about CoinCard (but I haven't yet tried it myself).

Thanks for the write-up.  doublec's response is spot on about Domino's gift card validity.

For anyone who tried to buy coins through CoinPal yesterday, I've restocked my inventory.  I added a bunch more coins on Saturday night, but it still wasn't enough to see us through Sunday's purchases.
mndrix
Michael Hendricks
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March 08, 2011, 05:09:55 PM
 #134

PayPal approved me for one of their merchant rates.  I've passed the full savings through to buyers by decreasing CoinPal fees 0.4 percentage points.

I've also finished some analysis on past fraud rates and patterns.  As a result, I've increased purchase limits for customers 14 and 45 days after their first successful order.  This is a calculated risk and I may reverse this decision as more data comes in.  You can read details about the new limits.
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March 09, 2011, 01:18:26 AM
 #135

PayPal approved me for one of their merchant rates.  I've passed the full savings through to buyers by decreasing CoinPal fees 0.4 percentage points.

I've also finished some analysis on past fraud rates and patterns.  As a result, I've increased purchase limits for customers 14 and 45 days after their first successful order.  This is a calculated risk and I may reverse this decision as more data comes in.  You can read details about the new limits.


Good deal! You can count on my orders increasing by around 0.4%   Grin
mndrix
Michael Hendricks
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March 09, 2011, 06:16:46 PM
 #136

CoinPal was down for a couple hours while I upgraded the server.  It's back now
mndrix
Michael Hendricks
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March 23, 2011, 01:40:32 PM
 #137

bitcoind crashed last night.  I've restarted it and the site is taking orders again.  If you placed an order before the crash and didn't get your coins, hang tight.  I'll send them shortly.  Sorry for the trouble
Mike Hearn
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March 24, 2011, 05:49:33 PM
 #138

Did you get a core dump? It might be useful. There must be a memory corruption or race in there. Maybe time t break out Valgrind.
dsg
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March 24, 2011, 07:34:19 PM
 #139

Did you get a core dump? It might be useful. There must be a memory corruption or race in there. Maybe time t break out Valgrind.

Not sure it'd be wise to post bitcoin coredumps online publicly, as it seems likely there might be private keys in them. This may not be obvious to everyone.
mndrix
Michael Hendricks
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March 24, 2011, 08:51:36 PM
 #140

Sorry, I should have said "hung" rather than "crashed".  The daemon process was still alive and the debug log showed it was still involved in peer exchange, but it wouldn't respond to RPC calls.  This has happened enough, I'll post what I know in the developer channel.
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