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Author Topic: CoinPal beta - Buying bitcoins with PayPal  (Read 144178 times)
SgtSpike
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May 02, 2011, 04:51:30 PM
 #321


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.
Aww, that's a shame.
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Satori
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May 02, 2011, 05:21:17 PM
 #322

Suggestion to mndrix:

Rather than devote yourself to creating one site for everyone in the world, perhaps working on allowing people to create their own, using their own countries' available services, would provide something more robust for people.

If there were a Drupal module for BitCoin, anyone could start a site and the only difficulty would be finding a service that would be tolerant of BitCoin.

The result would be that the effort would become distributed.  Lots of sites where people could use, and purchase, BitCoin.

If the BitCoin community collaboratively funded a BitCoin module for Drupal, it would certainly get written.  All manner of BitCoin services would appear, limited only by the number of users who had approached ATM and card service providers and had arranged something with them.  People would become motivated to approach those services and seek to co-ordinate with them, because the result would be a site they owned that many BitCoin users would use.  Small transaction profits would add up.

For BitCoin users who are unfamiliar with Drupal: It's a free open-source system for developing websites.  Very easy to create them, and you essentially just select modules (like a BitCoin module) and configure them for your site.  No programming skills are needed.  Point and click.

BitCoin users who'd like to contribute to developing such a module will probably find this useful.

The Wolfpack Project: BitCoin + Crowdfunding = Political Accountability
dacoinminster
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May 02, 2011, 07:29:29 PM
 #323

If you are sad you can't buy bitcoins with your paypal account, you can always bid on my ebay auction. See the thread about it here: http://bitcointalk.org/index.php?topic=7072

Darth Severus
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May 03, 2011, 02:30:48 AM
 #324

Ah here is the discussion I hoped to start here:http://bitcointalk.org/index.php?topic=7069.msg103412#msg103412, I made a list with all options I know.

Tip for the poor: 19LRamQ46ivskKS7PB1QNDbatWPuWENeeX
schnak
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May 03, 2011, 06:09:57 PM
 #325

https://squareup.com/ might be an option for accepting credit card payments.... the logistics of actually doing it are a little beyond what my brain is willing to handle at the moment but it presents a path that may be walkable.

Tips, donations, and bribes welcome:
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dacoinminster
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May 03, 2011, 06:14:36 PM
 #326

https://squareup.com/ might be an option for accepting credit card payments....

Actually, I just realized that you can buy bitcoins with your credit card right now on the ebay auction I linked to, if you are in the U.S.

Longmarch
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May 03, 2011, 06:19:31 PM
 #327

https://squareup.com/ might be an option for accepting credit card payments.... the logistics of actually doing it are a little beyond what my brain is willing to handle at the moment but it presents a path that may be walkable.

Squareup looks like it might be pretty awesome, just in general.  At first glance at least.

Wrt Bitcoin, it could be excellent for face-to-face transactions.  Swipe the card, wait for the money to clear, use your phone to send the bitcoins.  Though, I can't imagine how there would be a significant amount of business for someone selling bitcoin in the streets like that.

rabit
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May 03, 2011, 06:23:50 PM
 #328

Liqpay is also a good credit card payment processing service.
schnak
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May 03, 2011, 06:29:32 PM
 #329

I use square for my tech support business, it works as a good platform / example of how the transaction process might be able to work with a bitcoin wallet app. Either it does not require that you have the card, you can manually key in the CC info as well. Square has no idea what was bought, your CC company won't see the transactions as bitcoin.

But then who is going to email their CC info? I would hope very few unless they were using onetime use cards.

Tips, donations, and bribes welcome:
1NvJJcmw9RCs8tUwfJ1GGzZufD3ENqPhkS
Stephen Gornick
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May 03, 2011, 06:35:43 PM
 #330

Squareup looks like it might be pretty awesome, just in general.  At first glance at least.

Wrt Bitcoin, it could be excellent for face-to-face transactions.  Swipe the card, wait for the money to clear, use your phone to send the bitcoins.  Though, I can't imagine how there would be a significant amount of business for someone selling bitcoin in the streets like that.

Since a chargeback against a credit card transaction is easy, I don't know that this would be an option for selling bitcoin "in the streets", though I suppose for friends and family it might be suitable.  2.75%.  No different than using PayPal, except that PayPal has the "personal / gift" option where no fees are incurred by the recipient.  AmEx's Serve is another credit-card + ACH based payment network similar to PayPal, and for now (through August, 2011) they charge no fees to either the sender or the recipient.  

Again, if you trust that you won't get charged back, these all work fine for person-to-person payment methods.

  http://squareup.com
  http://gopayment.com
  http://serve.com
  http://dwolla.com

There's a good list of options being built here: http://bitcointalk.org/index.php?topic=7069.0

Exchanging in and out of bitcoins for each transaction certainly gets to be expensive though.

Intermediary
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May 03, 2011, 11:54:40 PM
 #331

I'd just like to thank you for your support in helping me to get some of my first bitcoins.  The transactions were always swift and without hassle.

1DGnEUkNMzLc9nx4oHQZLsNw6Rs3sLbYkL
marcus_of_augustus
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May 04, 2011, 11:50:18 AM
 #332


The effect of cutting Bitcoin exchangers off of Paypal: 

1) Users will still trade Bitcoins for Dollars.

2) But now they will be individually paypalling those dollars to each other, instead of using a central service.

3) Seems to me that if you have a supercomputer, and you have access to Amazon's transactions, and you have access to the block chain, then this move makes it suddenly much easier to associate block chain transactions with paypal transactions.

4) Basically if this came from higher up, the purpose was to make the block chain traceable.

5) Anyone receiving dollars in Paypal has a verified identity, taxpayer ID, bank account, etc.


I think it's time for Bitcoin aficionados to consider anonymity layers...


I agree.

chaostheory
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May 05, 2011, 11:58:35 AM
 #333

So is there any way to actually get my money from bitcoin account? Actually I need this money asap and since I can't just 'start an order' I need to say I'm pretty screwed Sad
Meni Rosenfeld
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May 05, 2011, 12:17:35 PM
 #334

So is there any way to actually get my money from bitcoin account? Actually I need this money asap and since I can't just 'start an order' I need to say I'm pretty screwed Sad
What do you mean by "get my money from bitcoin account"? Do you have bitcoins you wish to send to someone?

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
fetokun
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May 05, 2011, 12:18:25 PM
 #335

Did you took a look at http://www.bitcoincashout.com/ ?

there is a bunch of others: https://en.bitcoin.it/wiki/Trade#Currency_exchange
Anonymous
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May 05, 2011, 01:38:53 PM
 #336

So is there any way to actually get my money from bitcoin account? Actually I need this money asap and since I can't just 'start an order' I need to say I'm pretty screwed Sad

How many do you have ?
AntiVigilante
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May 05, 2011, 07:11:02 PM
 #337

What a bunch of cunts!

What if this community decided to put their paypal accounts where their mouth is and gave you their own account to operate coinpal with. Is it even feasible? If so, how many frozen paypal accounts do you think it would take for them to reverse the policy?

PM me if you have ideas. Very serious about what you said, but a different strategy in mind.

Proposal: http://forum.bitcoin.org/index.php?topic=11541.msg162881#msg162881
Inception: https://github.com/bitcoin/bitcoin/issues/296
Goal: http://forum.bitcoin.org/index.php?topic=12536.0
Means: Code, donations, and brutal criticism. I've got a thick skin. 1Gc3xCHAzwvTDnyMW3evBBr5qNRDN3DRpq
sverre
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May 06, 2011, 09:45:14 AM
 #338

What about Western Union?

If I can use my W.U. online account to send money to someone in China, who then picks up in cash, they've clearly addressed the fraud charge-back thing (I think they ring you to confirm the transaction). Could CoinCard use WU instead?
TiagoTiago
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May 06, 2011, 10:02:12 AM
 #339

Don't they charge like 50 bucks for international transfers?

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
Meni Rosenfeld
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May 06, 2011, 11:55:23 AM
 #340

Don't they charge like 50 bucks for international transfers?
Yes. (I was quoted $45 for transferring $1000 from Israel to US by MoneyGram). WU is the polar opposite of CoinCard (which was about instant, cheap, easy cashout for small to medium amounts). BitcoinExchange offers cashing out bitcoins for WU.

1EofoZNBhWQ3kxfKnvWkhtMns4AivZArhr   |   Who am I?   |   bitcoin-otc WoT
Bitcoil - Exchange bitcoins for ILS (thread)   |   Israel Bitcoin community homepage (thread)
Analysis of Bitcoin Pooled Mining Reward Systems (thread, summary)  |   PureMining - Infinite-term, deterministic mining bond
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