How do I get paid?

[SMOKEU]

I've been running GUIMiner, and I sent just over 1 bitcoin to my TradeHill account. TradeHill now want to charge me an estimated US$45 to send the money to my NZ bank account. I obviously didn't go ahead with it, so how do I get the money into my NZ bank account with minimum fees?

[jh1523]

I think the reply might be:

1. try to find an exchange that's more NZ-friendly, i.e. they charge less in fees
2. trade in volume - accumulate more BTC and sell them at once so you get hit with only 1 fee instead of many.

[SMOKEU]

I can't find an exchange that doesn't charge exorbitant fees to give money to NZ bank accounts. I've had a look around, but I just don't know where to start.

[breel]

Maybe you could find a trusted 3rd party that would buy the btc from you and then send you the money with paypal or xoom.

[SHlFT]

You should have used Bitmarket.eu they accept Paypal as Payment.

[MiningBuddy]

There is always the option of finding someone local to purchase bitcoins for cash, or even better, spend the bitcoins on goods/services directly.

[SHlFT]

You should have used Bitmarket.eu they accept Paypal as Payment.

Yeah, until bitmarket get their paypal account frozen and everyone who dealt with them for acting as a currency exchange which is explicitly against their tos. 

Bitmarket doesn't have a paypal account?

You don't give them the money, they act like a escrow.

they find people to trade with you.

and you pay the buyer the money.


Have you even used it?

[SHlFT]

i love trading on Bitcoin-OTC & CampBX

[SHlFT]

Why the hatred toward Paypal?

I assume you hate eBay also then?

[nightwolf]

Structurally Paypal is not bad (few services channel funds in such a global way) but their fees for receiving funds is 2.5% of amount. Withdrawl of anything < 150 is again a %. Painful.

Also eBay's guarantee of insurance for not delivered goods is some what of a scam. Took me 4 weeks and constant battle with "work-from-home" paypal employees eating cereal in a Canadian kitchen to get half of my funds back. Finally complained to my CC company and they toasted PP's behind by reversing full amount under the category "fraudulent charge to customer" 

Caveat emptor has a new meaning now days. 

[SHlFT]

Structurally Paypal is not bad (few services channel funds in such a global way) but their fees for receiving funds is 2.5% of amount. Withdrawl of anything < 150 is again a %. Painful.

Also eBay's guarantee of insurance for not delivered goods is some what of a scam. Took me 4 weeks and constant battle with "work-from-home" paypal employees eating cereal in a Canadian kitchen to get half of my funds back. Finally complained to my CC company and they toasted PP's behind by reversing full amount under the category "fraudulent charge to customer" 

Caveat emptor has a new meaning now days. 

they don't charge fees when you send as a gift.

[nightwolf]

Structurally Paypal is not bad (few services channel funds in such a global way) but their fees for receiving funds is 2.5% of amount. Withdrawl of anything < 150 is again a %. Painful.

Also eBay's guarantee of insurance for not delivered goods is some what of a scam. Took me 4 weeks and constant battle with "work-from-home" paypal employees eating cereal in a Canadian kitchen to get half of my funds back. Finally complained to my CC company and they toasted PP's behind by reversing full amount under the category "fraudulent charge to customer"  

Caveat emptor has a new meaning now days.  

they don't charge fees when you send as a gift.

Really?   Oh! Learnt something new then. Haha! Thanks mate! Can you send as a gift to...yourself?

[SHlFT]

They charge no fee on Personal Payments on Paypal.

By sending yourself a gift, you mean to same email or what?

[nightwolf]

They charge no fee on Personal Payments on Paypal.

By sending yourself a gift, you mean to same email or what?

Um, perhaps my lack of knowledge but what classifies as a personal payment?

[SHlFT]

Anything can classified as personal payment.

I sold a $600 phone by asking to sent by personal payment.

The sender has to click on the personal tab when sending money on the paypal website.

[nightwolf]

Oh right. That's pretty cool. Actually didn't know that's possible. Thanks for the tip! 

[SHlFT]

Oh right. That's pretty cool. Actually didn't know that's possible. Thanks for the tip! 

You're Welcome.