Bitcoin Forum
December 02, 2016, 06:22:02 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 »  All
  Print  
Author Topic: Low-Volume Bitcoin Exchange  (Read 9450 times)
idev
Hero Member
*****
Offline Offline

Activity: 846


View Profile WWW
February 14, 2011, 07:09:06 PM
 #21

You working With LR ?
To be honest I have no idea what you're talking about.

LR - Liberty Reserve www.libertyreserve.com

I am now considering adding support for Liberty Reserve, as they have a similar API to PayPal and charge lower fees. Would anyone be interested in that?


Yes i would be interested, let us know when you have this ready.
1480702922
Hero Member
*
Offline Offline

Posts: 1480702922

View Profile Personal Message (Offline)

Ignore
1480702922
Reply with quote  #2

1480702922
Report to moderator
1480702922
Hero Member
*
Offline Offline

Posts: 1480702922

View Profile Personal Message (Offline)

Ignore
1480702922
Reply with quote  #2

1480702922
Report to moderator
1480702922
Hero Member
*
Offline Offline

Posts: 1480702922

View Profile Personal Message (Offline)

Ignore
1480702922
Reply with quote  #2

1480702922
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480702922
Hero Member
*
Offline Offline

Posts: 1480702922

View Profile Personal Message (Offline)

Ignore
1480702922
Reply with quote  #2

1480702922
Report to moderator
1480702922
Hero Member
*
Offline Offline

Posts: 1480702922

View Profile Personal Message (Offline)

Ignore
1480702922
Reply with quote  #2

1480702922
Report to moderator
1480702922
Hero Member
*
Offline Offline

Posts: 1480702922

View Profile Personal Message (Offline)

Ignore
1480702922
Reply with quote  #2

1480702922
Report to moderator
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 15, 2011, 02:15:36 AM
 #22


Mtgox can do LR transactions easily so it doesn't make sense (getting to LR requires a significant amount of money to be cost effective).

You should also add details of the amount of bitcoins you have and your fees to the main page.

I am still unsure about Liberty Reserve for that reason.

I'll try to add balance and pricing to the front page in the next couple of days. For now you can see that info at http://dylanw.dyndns.tv:8331/lvbx/info.php.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
idev
Hero Member
*****
Offline Offline

Activity: 846


View Profile WWW
February 15, 2011, 02:23:17 AM
 #23


Mtgox can do LR transactions easily so it doesn't make sense (getting to LR requires a significant amount of money to be cost effective).

You should also add details of the amount of bitcoins you have and your fees to the main page.

I am still unsure about Liberty Reserve for that reason.

I'll try to add balance and pricing to the front page in the next couple of days. For now you can see that info at http://dylanw.dyndns.tv:8331/lvbx/info.php.

Well MTgox has a min coin purchase of 100,
so anyone who can offer small amounts with via Liberty Reserve,
would be very useful.
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 15, 2011, 02:56:24 AM
 #24

Thanks for clearing that up. I'll do my best to implement LR payment this weekend.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
BitterTea
Sr. Member
****
Offline Offline

Activity: 294



View Profile
February 15, 2011, 05:26:52 AM
 #25

You might want to evaluate the contents of this thread before you do so.

Note, I have never used LR (though I did sign up, and considered it at one point), and have not followed the situation at all. That said, MadHatter appears to know what he's talking about, and I find his concerns very valid.
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 15, 2011, 05:36:48 AM
 #26

Thanks for that. The decision is now back in Limbo.

Unrelated: I just realized that paypal charges a $0.30 fee for each transaction, which I am currently absorbing. Would anyone object if I shunted this to the buyer? It would raise the cost of all purchases by $0.30, regardless of the number of bitcoins purchased, so I am hesitant.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
nanaimogold
Sr. Member
****
Offline Offline

Activity: 406


Exchanger


View Profile WWW
February 15, 2011, 06:39:59 AM
 #27

People already can automatically swap BTC in or out of LR  with low fees and no minimum, auction style at Mt. Gox or instantly at NG. That functionality has been in use for over a year already.

Bank wires have to be large enough to overcome the hefty flat fee. LR works fine for small spends, even for micropayments.

https://www.nanaimogold.com/ - World's first bitcoin exchange service
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 15, 2011, 06:44:06 AM
 #28

That settles it then, I'm not adding LR support.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
nanaimogold
Sr. Member
****
Offline Offline

Activity: 406


Exchanger


View Profile WWW
February 15, 2011, 06:58:02 AM
 #29

Why not?

I don't understand your logic.

https://www.nanaimogold.com/ - World's first bitcoin exchange service
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 15, 2011, 07:03:36 AM
 #30

If you can convert paypal to LR for free and then buy bitcoins using LR at mt. gox with no minimum quantity, then how am I supposed to compete?

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
nanaimogold
Sr. Member
****
Offline Offline

Activity: 406


Exchanger


View Profile WWW
February 15, 2011, 07:10:43 AM
 #31

If you can convert paypal to LR for free and then buy bitcoins using LR at mt. gox with no minimum quantity, then how am I supposed to compete?

You can't convert Paypal for anything resembling cash. Not for anything remotely liquid.

Trading bitcoin in and out of LR is easy, cheap and quick.

Read again post I made above.

https://www.nanaimogold.com/ - World's first bitcoin exchange service
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 15, 2011, 07:18:11 AM
 #32

http://exchangezone.com/en/Welcome claims to do free conversion of paypal to LR. Your service claims free conversion of LR to bitcoins. Am I misunderstanding something?

EDIT:
EUREKA! It works! I have one more bitcoin!
...
Good luck and best wishes.
I just noticed your earlier post. Thank you!

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
andrew
Newbie
*
Offline Offline

Activity: 10


View Profile
February 15, 2011, 08:23:52 AM
 #33

The defense against Paypal chargebacks is to not use Paypal at all.

Paypal only works when the receiver trusts the spender.

As a consumer protection feature, Paypal allows buyers to back out of trade and charge back their purchase. Users might cry that they did not get what they paid for, or they may claim their account was cracked or phished. Paypal will take the money back from the receiver.

As a seller, it's easy to trust someone who is buying a service that can't easily be resold, such as a subscription. 

With something liquid, the classic example being the mail order laptop, it's harder to trust the spender. What is to stop him from charging back after the hardware is shipped?

In the case of trading Paypal for cash money, like bitcoin, it's very hard to trust the spender. Nothing is more liquid than digital currency. It belongs to the bearer, as does cash. It's easily traded into anything you can imagine. It's liquidity is very attractive to phishers and scammers.

I suggest you read the Paypal rules which state that consumer protection is only for Tangible goods. As a paypal buyer you can't back out of such a trade for the situation you just described.
barwench
Newbie
*
Offline Offline

Activity: 19


View Profile WWW
February 15, 2011, 08:32:03 AM
 #34


Unrelated: I just realized that paypal charges a $0.30 fee for each transaction, which I am currently absorbing. Would anyone object if I shunted this to the buyer? It would raise the cost of all purchases by $0.30, regardless of the number of bitcoins purchased, so I am hesitant.

You can put a receiving paypal account into micropayment mode (google paypal micropayment) - then you're charged 5% and 5c per transaction instead of 30c + a smaller percentage.

if you expect your market to be small transactions rather than large transactions maybe that makes sense
breandan81
Member
**
Offline Offline

Activity: 82


View Profile
February 15, 2011, 08:42:55 AM
 #35

.30 cents isn't much, I know I wouldn't mind if you shunted the cost to me

Electronics and components at http://avrthing.com
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 15, 2011, 03:09:52 PM
 #36

You have to make a new account to utilize micropayments.

I may do that, or I may just add a checkbox (checked by default) that allows customers to optionally contribute an additional $0.30 USD.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 16, 2011, 01:10:43 AM
 #37

You are now charged an extra 30 cents per transaction unless you opt-out. I'll see how that goes for now.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 17, 2011, 03:44:40 AM
 #38

I've made several big changes to the site today:

  • My current balance and pricing are now displayed on the homepage.
  • The $0.30 USD PayPal fee is now mandatory
  • You can now optionally leave me a tip, default 5%
  • There is now significantly better fraud detection, which may result in a temporary delay on purchases made using unverified accounts.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
Quip
Jr. Member
*
Offline Offline

Activity: 56


View Profile
February 25, 2011, 12:28:50 AM
 #39

I rewrote the bulk of the way transactions are processed to better prevent fraud while simultaneously ensuring faster delivery. I also have 40 BTC available.

1NEEFwHjXDhbLZ2RxM6qSDnNDByNZYCSKf

LVBX is down indefinitely, so use CoinPal. Sorry.
granrojo
Newbie
*
Offline Offline

Activity: 20


View Profile
February 25, 2011, 07:53:30 PM
 #40

Bitcoin for Paypal! Too good an opportunity to refuse.

Sorry but I just bought all your bitcoins  Smiley Left a tip though.

Site works perfectly, very quick and easy.

Bitrated user: BitcoinsUK.
Pages: « 1 [2] 3 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!