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Author Topic: CoinPal beta - Buying bitcoins with PayPal  (Read 144180 times)
Fiyasko
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May 01, 2011, 05:32:00 PM
 #301

otc needs a web interface. irc isn't for everyone  Tongue

I couldnt agree more, As far as i know i've got a PGP key but.. Well, Thats the extent of what i know about the IRC otc GPG/PGP key thing. Seriously.

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JackSparrow
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May 01, 2011, 05:39:24 PM
 #302

I couldnt agree more, As far as i know i've got a PGP key but.. Well, Thats the extent of what i know about the IRC otc GPG/PGP key thing. Seriously.
Then learn to use it. Sending and receiving singed and encrypted messages is not big deal.
mewantsbitcoins
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May 01, 2011, 06:25:30 PM
 #303

I couldnt agree more, As far as i know i've got a PGP key but.. Well, Thats the extent of what i know about the IRC otc GPG/PGP key thing. Seriously.
Then learn to use it. Sending and receiving singed and encrypted messages is not big deal.

What's more, it may prove very useful in the near future 
Satori
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May 01, 2011, 10:35:57 PM
 #304

Regardless of whether or not the department that gave you permission to trade BitCoins was authorized to, you have their permission.  In commerce law, this is referred to as "principal and agent".  The agent (say a teller at a bank) is understood to represent the principal (the bank manager) and vice-versa.  If they misrepresent, it's the bank that must keep its word to you - not you that must be inconvenienced by the bank.  Same goes here.
This is only applicable and useful if you have evidence to support such permission. Satori is absolutely right that the agent(s) represent the entity and thus if they misrepresent the entity the entity is liable for such misrepresentation. Without evidence of the misrepresentation it would be foolish to enter a court and attempt to hold the entity responsible. Always collect evidence when interacting with PayPal and similar companies. It is perfectly legal to record a telephone conversation with PayPal and many other companies without notifying them you are recording (in ALL US states) and such recording can be used as evidence in court.

In 1992 a real court ruled that PayPal couldn't include that proviso, because it fraudulently convinced Paypal users that they had no access to real courts as a result.  Last I checked a few months ago, the proviso was still in PayPal's EULA despite the court ruling.
Are you sure that was 1992? Smiley


You're correct of course, it was 2002.

For the record, our modern chancery courts aren't "real" courts within the Union either.  But they did manage to supplant our common law courts over the last couple hundred years.  Interestingly the court ruled against PayPal essentially for seeking to do to its customers what the government had already been doing to its citizenry.

The Wolfpack Project: BitCoin + Crowdfunding = Political Accountability
kblessinggr
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May 02, 2011, 12:47:14 AM
 #305

Alertpay
EPIC FEES. $5 for a bank transfer?
Paypal didn't charge a fee to deposit or withdraw
#bitcoin-otc Wink
Just registered, but I stand by my earlier comment

It was only 50 cents for me to to do a bank transfer. The only more expensive bank option was a wire for 15$.

The only $5 option I saw was to fund a credit or debit card as a means of withdrawl.
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May 02, 2011, 03:08:33 AM
 #306

Can you use Google Voice for the sms confirmation thingy?

yes, I have a google voice # that I used on coinpal.

Set up the same thing..
http://bit.ly/btcrefs
Get more bitcoins.
VillageChump
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May 02, 2011, 05:38:03 AM
 #307

I really hate Paypal!  Angry Thanks for your help ndrix.  Smiley
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May 02, 2011, 07:50:00 AM
 #308

havent had the time, but how about amazon payments?
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May 02, 2011, 08:09:28 AM
 #309

There are many countries not supported by Amazon.
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May 02, 2011, 09:10:29 AM
 #310

How about switching to http://www.paymate.com

they are in direct competition with paypal and might welcome the custom.
Third Way
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May 02, 2011, 11:17:22 AM
 #311

How about switching to http://www.paymate.com

they are in direct competition with paypal and might welcome the custom.

Good idea. After the PayPal fiasco,  It would also be prudent to work out all details beforehand so as to not face some form of similar consequence

blease resbond -> 1BYJKxpntNn6TZbM5M5CWkEb8vr8vDcBrr
BitcoinBonus
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May 02, 2011, 11:31:12 AM
 #312

I'd suggest people use Venmo.
This payment system has no transaction fees for the consumer, it is funded when people use it with merchants.  
Bitcoin Bonus provides 50 cents USD worth of Bitcoin when you sign up for it via the link above and fully complete your Venmo profile, and then Claim your Venmo Bonus by entering in your Venmo username.   (You'll also get a dollar from Venmo).

You also can go social with Venmo and optionally let other people know that you're buying bitcoin, helping promote it, but you can keep your transactions private as well.  Here are some more details from the Venmo website:

Venmo: The story.
Venmo was built by two friends that found it incredibly frustrating to pay each other and their friends back. I'll get you, you get me back hardly ever works out, and eventually the missing cash starts to add up. Venmo was built to solve this problem by allowing anyone with a phone to settle mini debts between friends in person, securely and instantly. But that's not all. Venmo is designed to be social and fun, just like the times you have when you're spending money with your friends. You can share your payments, keep track of the places you're spending money, and leave personal notes with every payment you make. We think of Venmo as the best payment service for friends.
What is Venmo?
Venmo is an iPhone, Android and Blackberry App that lots of people use to pay back their friends. It's completely FREE (no transaction fees) to use, and it makes splitting the bill at a restaurant between a group of friends very easy, and kind of fun. There are plenty of other ways to use Venmo, for example paying your roommates back for living expenses like rent, utilities and groceries, or getting your co-workers back for lunch runs or coffee runs. It's even useful to send friends birthday cash, or other cash gifts instead of writing checks. Whenever a friend owes you money, just use Venmo.
How big is Venmo?
Tens of thousands of people in America use Venmo, and we've processed millions of dollars in transaction volume between friends. And, we're still in Private Beta. That's awesome, right?
What are some ways to use Venmo?
The most frequent use case is splitting up a lunch or dinner bill at a restaurant with 2 or more friends. We've all been there before, one person gets the bill and has to figure out how to collect the money from everyone. Venmo saves the day in this situation. Other ways people use Venmo are to settle living expenses with roommates like rent, utilities or cable; to get money for concert tickets and trips; to pay co-workers back for coffee or lunch runs. Basically, whenever someone owes you money, or you owe someone money, just settle it up with Venmo.
How do I pay someone, where does the money come from?
It comes from a credit card or a debit card that you link to your phone number. Once you signup, we walk you through the whole process, and it only takes a couple minutes.
If I receive money, how does it get into my personal Bank Account?
That's easy. Just setup Direct Deposit when you signup, and we automatically transfer all the money you receive on Venmo into your bank account every two weeks. You can always cash out manually if you'd like, but rolling deposits make it really convenient for you to get your money. To setup Direct Deposit, you need to know your bank's routing number and account number (you can find it on a check from your bank or in your online banking portal), that's all! We designed it this way so you don't have to worry about maintaining an extra balance somewhere.
What banks does Venmo work with?
We've partnered up with all the major banks in the country.
Is Venmo Secure?
Absolutely. Venmo uses Bank Grade Security and 256-bit SSL to encrypt and transmit all of your data. Venmo is also certified by Verisign, the leading SSL provider in world.
Venmo is certified by Verisign
What makes Venmo better than other payment services?
For starters, we're completely free to use and there are no transaction fees when you make a payment.

There are lots of other reasons too:

    * Direct Deposit. You can setup direct deposit and we'll automatically transfer any money you receive on Venmo into your bank account every two weeks. You're free with your cash, and we're not trying to earn interest on the float.
    * It's Social. Venmo is the first social payments service. On Venmo, you can share select payments with your friends on Venmo, Facebook, Twitter, and Foursquare as a way of telling them what you're up to. This is a fun way to engage with Venmo, and you get to leave comments on shared payments. Don't worry, only friends you explicitly accept can see the payments you share.
    * Realtime Statistics. We give you detailed statistics after every payment you make. This keeps you informed about how much you're spending with your friends, and if you add your location to a payment, we tell you how many times you've visited that place and how much you're spending there.
    * Your Phone Comes First. You can do everything on your phone. That includes signing up, adding your credit card and making your first payment. This makes it so easy to get your friends to use Venmo with you, especially when your hanging out with each other!

How much does it cost to use Venmo?
It's completely free to use Venmo. There are no fees to signup, and there are no transaction fees.
If it's free to use, how does Venmo make money?
While Venmo does not work with any service providers, or businesses right now, it has plans to work with them in the future. There will be standard transaction fees charged to any business that uses Venmo. This will allow Venmo to remain free for friends to use with each other.
How do I get an invite to Venmo?
Just join our waiting list, or ask a friend that's on there to invite you. We're constantly sending out invitations to new users.
I have more questions
Not a problem! Just use our contact form to get in touch with us, and we'll be happy to answer any of your questions.

Get Bitcoins for your purchases!  https://bitcoinbonus.com
deadlizard
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May 02, 2011, 11:39:23 AM
 #313

I'd suggest people use Venmo.
sounds interesting. is it international?

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HostFat
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May 02, 2011, 11:53:13 AM
 #314

It does't work here in Italy ...

Eternity Wall: Messages lasting forever - The Rock Trading (ref): A good exchange / gateway Ripple, with support for multisig, since 2007. 
https://bitcointa.lk: Bitcointalk backup if offline - Bitcoin Foundation Italia - Blog: http://theupwind.blogspot.it
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May 02, 2011, 03:05:01 PM
 #315

Do you still give OTC-Ratings?

Yes.  Automated OTC ratings still work.  You can link your PGP key to your CoinPal account to receive automated OTC ratings.
mndrix
Michael Hendricks
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May 02, 2011, 03:07:07 PM
 #316

Green Dot cards are reloadable at 7-11s.  Wonder if they have an API that BitCoin site could use to accept Green Dot-loaded funds.

As far as I can tell, Green Dot doesn't have a public API for accepting payment.  I've contacted them several times about selling Bitcoins for MoneyPak, but they never return my calls or emails.

Thank you to everyone for the suggestions about alternative payment methods.  I'll consider them all in the coming months.
Psychoactive
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May 02, 2011, 03:10:21 PM
 #317

this sucks, coincard was one of the main reasons I love bitcoin
hopefully the accounts will be unfrozen soon.

SgtSpike
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May 02, 2011, 04:19:09 PM
 #318

+1 on Venmo, sounds awesome, and exactly what we need!
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May 02, 2011, 04:34:25 PM
 #319


3.1 - Sending Limits.
We may, at our discretion, impose limits on the amount of money you can send through our Service. If you have a Verified Account, we may increase your sending limits.

5.5 - Security Interest.
To secure your performance of this Agreement, you grant to Venmo a lien on and security interest in your Account.

6.2 - Withdrawal Limits.
Depending on the degree to which you have Verified your Account, we may limit you to withdrawing no more than $500.00 USD per month. In addition, we may delay withdrawals of large sums of money while we screen for risk.

Venmo might work ok for most as most people don't read User Agreements/Terms. Just click "Ok, I Accept" and proceed. Not uncommon terms though.

deadlizard
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May 02, 2011, 04:50:07 PM
 #320

Do you still give OTC-Ratings?

Yes.  Automated OTC ratings still work.  You can link your PGP key to your CoinPal account to receive automated OTC ratings.
Awesome thanks, it doesn't seem to accept coincard transactions but I'm happy to have an otc rating for the bitcoins I bought  Grin

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
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