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Author Topic: Buy bitcoins using Google Checkout - btcnow.net  (Read 6812 times)
nmat
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August 16, 2011, 09:55:46 PM
 #21

wait look at the prices $18 a coin lol that guy is almost doubling his profits if he bought them at 9.** a coin

He changed from $14 to $18. That's stretching the rope... People will not pay $18 for a bitcoin right now.

Anyway, I think he only wants to test out the scammers. Someone should claim a chargeback on him  Cool
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August 16, 2011, 10:01:07 PM
 #22

wait look at the prices $18 a coin lol that guy is almost doubling his profits if he bought them at 9.** a coin

He's also risking several 100 dollars of his own money, which might get lost in chargebacks, depending on how google deals with the issue.

If you think the potential profit is worth the risk, you could try doing it yourself.
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August 17, 2011, 01:34:49 AM
 #23

As far as I'm concerned, here's the red flag I noticed on his page (in red)

if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately


Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.

Please correct me if I' wrong or totally off base.
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August 17, 2011, 01:39:16 AM
 #24

As far as I'm concerned, here's the red flag I noticed on his page (in red)

if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately


Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.

Please correct me if I' wrong or totally off base.

I think its just him voicing the obvious potential problem..  He is taking some risk here I believe..

I like the site, and the idea through google.. very easy, good for general public

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nmat
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August 17, 2011, 01:54:12 AM
 #25

As far as I'm concerned, here's the red flag I noticed on his page (in red)

if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately


Why include this line of text?

I think that is related to what he wrote on reddit. I'll quote:


Quote
Google actually has a very good system in place for fraud detection. It turns out that my third customer was trying to use his girlfriend's credit card to purchase coins (he assures me it was with her permission), and the payment was rejected. Very unexpected and happy surprise on my end for sure.
Since I am using that system (it's opt in) in theory if a chargeback does occur, google says that it will take the hit rather than me. The program only really covers physical items that are being shipped, but anyone can subscribe to the notifications, and I am quite impressed so far.
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August 17, 2011, 07:54:49 AM
 #26

Sounds legit to me but raising the price to $18 is quite ridiculous.
If the price eventually goes down I might buy 1BTC from them.

PS: For UK users $18 is about £10.
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August 17, 2011, 04:06:36 PM
 #27

I don't care what risks he/she is taking. 18 is madness. Someone should send him/her this link http://bitcoincharts.com/markets/ Then charge maybe 2 bucks on top of market price.
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August 17, 2011, 04:15:42 PM
 #28

lol 18$
bitcoinTrader
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August 17, 2011, 04:43:24 PM
 #29

Yeah 18$ is really insane.... even if its very easy...

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August 17, 2011, 05:00:14 PM
 #30

As far as I'm concerned, here's the red flag I noticed on his page (in red)

if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately


Why include this line of text?

I think that is related to what he wrote on reddit. I'll quote:

Quote
Google actually has a very good system in place for fraud detection. It turns out that my third customer was trying to use his girlfriend's credit card to purchase coins (he assures me it was with her permission), and the payment was rejected. Very unexpected and happy surprise on my end for sure.
Since I am using that system (it's opt in) in theory if a chargeback does occur, google says that it will take the hit rather than me. The program only really covers physical items that are being shipped, but anyone can subscribe to the notifications, and I am quite impressed so far.


...and this


As far as I'm concerned, here's the red flag I noticed on his page (in red)

if you enter your payout address carefully,
and are not using a stolen credit card,
you should see your coins immediately


Why include this line of text? It's like asking for someone to use a stolen credit card. In fact, I can't remember any site even remotely stating something like that.

Please correct me if I' wrong or totally off base.

I think its just him voicing the obvious potential problem..  He is taking some risk here I believe..

I like the site, and the idea through google.. very easy, good for general public



Thank you both for that clarification. It does make sense. I also hope this site proves worthy.


Now, I wish to thank psy, again, for learning [sic] me how to insert two quotes into one post, thereby eliminating the need for me to have several posts in a roll of which I was accustomed to doing, due to my own ignorance. Smoothe!

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August 18, 2011, 02:05:05 AM
 #31

I actually don't think $18USD is that unreasonable. Clearly this is a service for people to get a handful of coins, which theoretically should be at a premium.

Also, Virwox accepts credit cards, paypal and moneybookers. While it's not 100% easy/convenient for grandma, it's a very good place to get BTC via Visa/MasterCard.

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geek-trader
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August 18, 2011, 04:32:24 AM
 #32

He was charging $14, and was selling much faster than he expected.  He doesn't get the money from his sales immediately, so he can't just go buy more.

So he raised the price to slow down sales.  If people still buy, at $18, then more power to him.

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August 18, 2011, 05:02:46 AM
 #33

Careful...could be stolen credit cards.

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Kermee
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August 18, 2011, 05:17:07 AM
 #34

I don't care what risks he/she is taking. 18 is madness. Someone should send him/her this link http://bitcoincharts.com/markets/ Then charge maybe 2 bucks on top of market price.

Obviously, you've never run a business which accepts credit cards before...

With your logic, if I sold $100 worth of BTC's at market price and charged $2 on top of it, I'd be losing money just from the fees that GoogleCheckout or any other credit card merchant account would charge for the transaction.

No one is pointing a gun to your head and forcing you to buy BTC's from this person anyway.  If they want to sell Bitcoins for $18 while it's ~$11 USD on the market, more power to them.  It's not like they're charging $50 for a gallon of drinking water during a natural disaster.

Least from reading the rest of the thread... his domain name lives up to the expectation.

Cheers,
Kermee

pekv2
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August 18, 2011, 05:35:44 AM
 #35

Obviously, you've never run a business which accepts credit cards before...

With your logic, if I sold $100 worth of BTC's at market price and charged $2 on top of it, I'd be losing money just from the fees that GoogleCheckout or any other credit card merchant account would charge for the transaction.

No one is pointing a gun to your head and forcing you to buy BTC's from this person anyway.  If they want to sell Bitcoins for $18 while it's ~$11 USD on the market, more power to them.  It's not like they're charging $50 for a gallon of drinking water during a natural disaster.

Least from reading the rest of the thread... his domain name lives up to the expectation.

Cheers,
Kermee

I don't give a fuck, 18 dollars is insane, fee's or not, specially when the market is @ 10.8856 at the time of posting this. I agreed with a few people and a few people agreed with me on how ridiculous it is, and you quote me? Obviously screw off, plz.
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August 18, 2011, 05:42:31 AM
 #36

I don't give a fuck

Obviously.

Cheers,
Kermee

Serith
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August 18, 2011, 05:59:05 AM
 #37

I don't give a fuck, 18 dollars is insane, fee's or not, specially when the market is @ 10.8856 at the time of posting this. I agreed with a few people and a few people agreed with me on how ridiculous it is, and you quote me? Obviously screw off, plz.

Some people see number 18 and jump into conclusions. Btcnow.net front page says that the operator made the price so high to LOWER TRADE VOLUME while the site is in BETA, and that the price will change toward reasonable once operator will be sure that he didn't do any mistake in security setup.
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September 01, 2011, 03:03:50 PM
 #38

If you are interested in getting instant BTC with credit card you might be interested in the thread I open in the newsbies section
https://bitcointalk.org/index.php?topic=38873.0
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September 02, 2011, 08:38:19 PM
 #39

This is interesting, I want to keep an eye on this guy.

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nmat
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September 03, 2011, 01:04:24 PM
 #40

This is interesting, I want to keep an eye on this guy.

Actually, now it says "not connected to the back end". I wonder if something happened...
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