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Author Topic: Buying mtgox USD for Paypal  (Read 1752 times)
Mahkul (OP)
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April 04, 2011, 09:43:12 PM
 #1

If you have any for sale let me know.
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mndrix
Michael Hendricks
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April 04, 2011, 09:54:29 PM
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I'd be glad to sell you some.  email me at coinpal@ndrix.com and we can work out the details.
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April 05, 2011, 02:33:05 AM
 #3

Mndrix runs a very good and trustworthy operation, but if you want to avoid the high fees and low limits necessitated by the risk of PayPal fraud, consider these other options that I accept:

  • Bank transfer via PopMoney: usually free and almost immediate, offered by many major US banks: https://www.popmoney.com/popapp/faces/popmoney/common/about.jsp?name=partners
  • Bank transfer via ACH: usually free, but few banks offer it except for sending to your own accounts
  • Cash deposit in person to any branch of the seller's bank: free except your time to get to the bank, usually clears the same or next day
  • Online transfer between accounts at the same bank: usually free and instant
  • Dwolla: $0.25 per transfer, takes a few days to setup
  • Green Dot MoneyPak: can be bought with cash at many retailers, costs about $5, seller can accept and verify immediately
  • Others I haven't thought of

If you're interested in buying from me, the quickest way to reach me is in IRC (freenode.net, #bitcoin-otc). But I also check the forum a couple times a day.

morpheus
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April 05, 2011, 01:57:29 PM
 #4

I also sell Mt Gox USD for paypal: http://bitcoinmorpheus.tumblr.com/How_to_buy_mt_gox_usd_with_paypal
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April 05, 2011, 04:39:11 PM
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Mndrix runs a very good and trustworthy operation, but if you want to avoid the high fees and low limits necessitated by the risk of PayPal fraud, consider these other options that I accept:

  • Bank transfer via PopMoney: usually free and almost immediate, offered by many major US banks: https://www.popmoney.com/popapp/faces/popmoney/common/about.jsp?name=partners
  • Bank transfer via ACH: usually free, but few banks offer it except for sending to your own accounts
  • Cash deposit in person to any branch of the seller's bank: free except your time to get to the bank, usually clears the same or next day
  • Online transfer between accounts at the same bank: usually free and instant
  • Dwolla: $0.25 per transfer, takes a few days to setup
  • Green Dot MoneyPak: can be bought with cash at many retailers, costs about $5, seller can accept and verify immediately
  • Others I haven't thought of

If you're interested in buying from me, the quickest way to reach me is in IRC (freenode.net, #bitcoin-otc). But I also check the forum a couple times a day.

no, I believe Mndrix is selling his mtgox USD to receive PP? or did I not understand correctly?

If I am correct, there shouldn't be any fees

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Mahkul (OP)
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April 05, 2011, 04:45:25 PM
 #6

Mndrix runs a very good and trustworthy operation, but if you want to avoid the high fees and low limits necessitated by the risk of PayPal fraud, consider these other options that I accept:

  • Bank transfer via PopMoney: usually free and almost immediate, offered by many major US banks: https://www.popmoney.com/popapp/faces/popmoney/common/about.jsp?name=partners
  • Bank transfer via ACH: usually free, but few banks offer it except for sending to your own accounts
  • Cash deposit in person to any branch of the seller's bank: free except your time to get to the bank, usually clears the same or next day
  • Online transfer between accounts at the same bank: usually free and instant
  • Dwolla: $0.25 per transfer, takes a few days to setup
  • Green Dot MoneyPak: can be bought with cash at many retailers, costs about $5, seller can accept and verify immediately
  • Others I haven't thought of

If you're interested in buying from me, the quickest way to reach me is in IRC (freenode.net, #bitcoin-otc). But I also check the forum a couple times a day.

no, I believe Mndrix is selling his mtgox USD to receive PP? or did I not understand correctly?

If I am correct, there shouldn't be any fees

You perceive it correctly and the transaction has taken place already. All good.
mndrix
Michael Hendricks
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April 05, 2011, 04:46:34 PM
 #7

My offer above was specific to Mahkul because I've done business with him many times before and he's always been honest and friendly.  I believe Keefe and bitcoinmorpheus's offers apply to anyone on this forum.  I highly recommend both of them.
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April 06, 2011, 11:07:30 PM
 #8

Let me see if I understand this, you just gave Mndrix money through PP so you could receive USD credit to your account on Mt Gox?  How does that work?

I will be giving Mndrix an email. Mt Gox's 7% PP fee is outrageous Sad.  I would have moved some funds over earlier but I was looking for a cheaper/faster/digital way to do it. 
nster
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April 06, 2011, 11:13:54 PM
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Let me see if I understand this, you just gave Mndrix money through PP so you could receive USD credit to your account on Mt Gox?  How does that work?

I will be giving Mndrix an email. Mt Gox's 7% PP fee is outrageous Sad.  I would have moved some funds over earlier but I was looking for a cheaper/faster/digital way to do it. 

Yes, and I do not get what you do not understand lol

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jgarzik
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April 06, 2011, 11:23:06 PM
 #10

I will be giving Mndrix an email. Mt Gox's 7% PP fee is outrageous Sad.  I would have moved some funds over earlier but I was looking for a cheaper/faster/digital way to do it. 

That's morpheus, not mtgox.  And considering the risk of dealing with unknowns who could charge back or dispute their PayPal, 7% is understandable.


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