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Author Topic: [ANN] Instantly Withdraw MtGox to PayPal via BitInstant | LR, Paxum, Dwolla  (Read 9960 times)
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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December 13, 2011, 08:19:51 PM
 #1

Good Afternoon!

We are proud to announce the launching of Instant Withdrawal from MtGox.com to Paypal.
In addition, instantly transfer Liberty Reserve, Dwolla, and Paxum to Paypal!
Visit, www.BitInstant.com

Our fee of  3.49% to 4.29% Includes Paypal's fees. The amount you see in your quote is the amount that will be in your Paypal account
EDIT: Just lowered the LR rate from 4.49% to 4.29%



To do a withdrawal from MtGox.com
1- Go to 'Withdraw Funds'
2- Create MtGox Voucher Code
3- Go to Bitinstant.com and type your information and get a quote
4- Follow the steps and your good to go!

In additional, our API is super quick and free to us as well as the GoxSH fork available for download.
More info here: https://www.bitinstant.com/api

Thank you for your continued support and patronage.

Gareth, Charlie, Roger and the Team @ Bitinstant.com
T: 1.716.712.4846 | F: 1.347.223.5251 | Support@Bitinstant.com
IRC: irc.bitinstant.com #bitinstant

Come visit us for a coffee or beer!
Brooklyn, New York
North Wales, United Kingdom
Tokyo, Japan

--------------------------------------------------------------
Our Current Services and Rates

Payment method   Destination   Min fee   Max fee
MTGox Coupon   TradeHill   0.8900%   1.2900%
MTGox Coupon   PayPal   3.4900%   3.9900%
Liberty Reserve   TradeHill   2.1900%   2.3900%
Liberty Reserve   PayPal   4.2900%   4.9900%
Liberty Reserve   MTGox   2.1900%   2.3900%
Paxum           TradeHill   1.9900%   2.0900%
Paxum           PayPal   3.4900%   3.9900%
Paxum           MTGox   1.9900%   2.0900%
Dwolla           TradeHill   1.9900%   2.0900%
Dwolla           PayPal   3.4900%   3.9900%
Dwolla           MTGox   1.9900%   2.0900%

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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Serge
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December 13, 2011, 08:48:53 PM
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Interesting development, good luck with Paypal! Unless you have signed agreement with them, how is what you do differ from CoinPal whose paypal was terminated in beginning of the year?
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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December 13, 2011, 08:54:35 PM
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Interesting development, good luck with Paypal! Unless you have signed agreement with them, how is what you do differ from CoinPal whose paypal was terminated in beginning of the year?

Thanks!
Yup, we have an agreement with Paypal and launched this with their blessing

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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December 13, 2011, 08:58:00 PM
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Sounds almost too good to be true, but if true this could be the best news of the year!)
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bitcoin hundred-aire


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December 13, 2011, 09:04:13 PM
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Yup, we have an agreement with Paypal and launched this with their blessing

A contract!?
 Shocked

(BFL)^2 < 0
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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December 13, 2011, 09:11:45 PM
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Yup, we have an agreement with Paypal and launched this with their blessing

A contract!?
 Shocked

I cant get into details of the agreement, but we launched this with them hand in hand and have their full blessing

Thru over 10 years of being in the retail industry I built a close relationship with executives in Paypal.
Payal's main concern is Depositing funds into exchanges for now, but withdrawing is all clear!

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
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December 13, 2011, 09:30:38 PM
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oh, it's only one way, into PP

well that's better than nothing ))
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December 13, 2011, 10:21:31 PM
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Charlie great news!   btw: I've never had a chance to say sorry about the similiar names we have in btcinstant.com and bitinstant.com  Shocked     long time ago I thought about buying bitinstant.com .  I wish the best with your service!
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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December 13, 2011, 11:10:06 PM
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Charlie great news!   btw: I've never had a chance to say sorry about the similiar names we have in btcinstant.com and bitinstant.com  Shocked     long time ago I thought about buying bitinstant.com .  I wish the best with your service!

No worries! I own InstantBTC.com and pretty much anything with the words instant and btc  Grin

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
nmat
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December 13, 2011, 11:53:49 PM
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How does it work for Paypal accounts in other currencies? Who pays the conversion fees?
Gareth Nelson
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December 14, 2011, 01:33:58 AM
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We send the money to the designated PayPal account denominated in USD, for most people this means you would get a second USD balance.
I know my personal account (UK) has the main balance in GBP but also has a secondary USD balance showing the equivalent value in USD.
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December 14, 2011, 01:02:46 PM
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We cant load with PayPal though?

<helo> funny that this proposal grows the maximum block size to 8GB, and is seen as a compromise
<helo> oh, you don't like a 20x increase? well how about 8192x increase?
<JackH> lmao
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December 14, 2011, 01:07:27 PM
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Sounds like a great service, which i will almost certainly use. Just out of interest though, how much of your 4.29 to 4.99% fee goes to paypal and how much to you?
Gareth Nelson
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December 14, 2011, 01:53:44 PM
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We cant load with PayPal though?

Unfortunately no, we did try and arrange this but PayPal are still unwilling to accept purchase of bitcoins using their service. I would caution people against setting up an exchange using PayPal without their blessing.
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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December 14, 2011, 02:56:24 PM
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Sounds like a great service, which i will almost certainly use. Just out of interest though, how much of your 4.29 to 4.99% fee goes to paypal and how much to you?

Hey, thanks! When you do, can you send me some feedback?

Fees- The lowest fee is 3.49% (MtGox Code, Paxum, and Dwolla) as there fee's are low
We had to bump up Liberty Reserve to 4.29% only because LR charges us 1% on receiving LR funds from you.
Of the 3.49% Paypal charges between 2.2% - 2.5%.

However, unlike other sites that charge 7%-8% for LR-->Paypal we only charge 4.29% as we secured an insane rate from Paypal!

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
kitich
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December 14, 2011, 05:20:55 PM
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Great news ) Thnks for service) Just tested paxum -> pp - ok )
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December 14, 2011, 06:07:54 PM
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Sounds like a great service, which i will almost certainly use. Just out of interest though, how much of your 4.29 to 4.99% fee goes to paypal and how much to you?

Hey, thanks! When you do, can you send me some feedback?

Fees- The lowest fee is 3.49% (MtGox Code, Paxum, and Dwolla) as there fee's are low
We had to bump up Liberty Reserve to 4.29% only because LR charges us 1% on receiving LR funds from you.
Of the 3.49% Paypal charges between 2.2% - 2.5%.
However, unlike other sites that charge 7%-8% for LR-->Paypal we only charge 4.29% as we secured an insane rate from Paypal!


I bet paypal is happy to have bitcoin as a second class citizen.
Ordinary bank account -> paypal   -  zero fees.
Bitcoin exchange/wallet/bank ->  paypal - about 4%

I guess this is a step forward  but holy crap the bitcoin world gets eaten alive at the edges.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
evoorhees
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December 14, 2011, 06:57:21 PM
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I bet paypal is happy to have bitcoin as a second class citizen.
Ordinary bank account -> paypal   -  zero fees.
Bitcoin exchange/wallet/bank ->  paypal - about 4%

I guess this is a step forward  but holy crap the bitcoin world gets eaten alive at the edges.

Well the Paypal itself is also a second class citizen. Often, Paypal -> Paypal has a 2.9% fee.
MemoryDealers
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December 15, 2011, 12:14:43 AM
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Well the Paypal itself is also a second class citizen. Often, Paypal -> Paypal has a 2.9% fee.

Paypal -> Paypal is actually a 4% fee for international transactions,  and they charge 2.5% on the currency exchange rate too!

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January 19, 2013, 10:39:07 PM
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I am really interested in your services. I just wanted to exchange MTGox USD to paypal and it says "Fee to Exchange? 7.0% + $1.00 incl. paypal fees"

That's is so not 3.9-4.2?HuhHuhHuh?

am I doing this wrong?

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