[ANN] Instantly Withdraw MtGox to PayPal via BitInstant | LR, Paxum, Dwolla

[Yankee (BitInstant)]

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

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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%

[Serge]

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)]

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

[Serge]

Sounds almost too good to be true, but if true this could be the best news of the year!)

[ineededausername]

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

A contract!?
 

[Yankee (BitInstant)]

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

A contract!?
 

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!

[Serge]

oh, it's only one way, into PP

well that's better than nothing ))

[btcinstant]

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       long time ago I thought about buying bitinstant.com .  I wish the best with your service!

[Yankee (BitInstant)]

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       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 

[nmat]

How does it work for Paypal accounts in other currencies? Who pays the conversion fees?

[Gareth Nelson]

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.

[JackH]

We cant load with PayPal though?

[coin_toss]

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]

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)]

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!

[kitich]

Great news ) Thnks for service) Just tested paxum -> pp - ok )

[julz]

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.

[evoorhees]

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]

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!

[lophie]

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??

am I doing this wrong?