BTCPak - Exchange your Bitcoins for MP [$100, $250, $500 and $1000 MPs]

[Kris]

Love seeing new "services" Not that I know what MoneyPaks is, but I bet it's useful

[DBordello]

Love seeing new "services" Not that I know what MoneyPaks is, but I bet it's useful

I hope that you learned a bit about MPs

[DBordello]

General bump.

[Stephen Gornick]

I see a lot of people who have already converted to USDs but those funds are sitting at exchanges with the account owner frustrated at trying to find ways to get those funds out in a timely manner.

Would you consider exchanging USD redeemable codes (from Mt. Gox, for example) for MoneyPaks?

[DBordello]

I see a lot of people who have already converted to USDs but those funds are sitting at exchanges with the account owner frustrated at trying to find ways to get those funds out in a timely manner.

Would you consider exchanging USD redeemable codes (from Mt. Gox, for example) for MoneyPaks?

We are working on a solution that should feel your needs.  Hopefully we have that up and running within the next couple of weeks.

Dan

[DBordello]

We have successfully sold over $50,000 of MPs.  We have yet to receive negative feedback about the service.

Thanks for your support!

Dan

[sunnankar]

We have successfully sold over $50,000 of MoneyPaks.  We have yet to receive negative feedback about the service.

Great job. Have you thought of using ZipConf which would allow for zero confirmations?

[DBordello]

We have successfully sold over $50,000 of MPs.  We have yet to receive negative feedback about the service.

Great job. Have you thought of using ZipConf which would allow for zero confirmations?

Thank you for bringing this to my attention.  We are looking in to it.  

Dan

[DBordello]

We have successfully sold over $50,000 of MPs.  We have yet to receive negative feedback about the service.

Great job. Have you thought of using ZipConf which would allow for zero confirmations?

We have spoken with the developers of ZipConf.  We are both implementing some APIs.  BTCPak should be accepting instant deposits within the upcoming week.  

Thank you for the heads up.

Dan

[TizzyTazzy]

Great fast service. Perfect way to cash out for my business that accepts BTC as a form of payment.

EDIT: Also wanted to understand your green address thing, is their a way to verify your address so it can be green flagged or what ever you wanna call it.

It would also be great if you could simply have the code emailed after the 6 confirmations as an option instead of having to wait on the screen for 6 confirmations, that can be a drag.

[DBordello]

Great fast service. Perfect way to cash out for my business that accepts BTC as a form of payment.

EDIT: Also wanted to understand your green address thing, is their a way to verify your address so it can be green flagged or what ever you wanna call it.

It would also be great if you could simply have the code emailed after the 6 confirmations as an option instead of having to wait on the screen for 6 confirmations, that can be a drag.

The Green Address was purposed a while ago for trusted companies to "sign" transactions.  At the moment, only the Mt.Gox green address is recognized.  Therefore if you send the funds from Mt.Gox, you will receive the MP code instantly.

I have thought about adding an option for an email address.  I will put some more thought in to that.  Since the MP code is "like cash", I am hesitant to include it in an email.

Dan

[TizzyTazzy]

Great fast service. Perfect way to cash out for my business that accepts BTC as a form of payment.

EDIT: Also wanted to understand your green address thing, is their a way to verify your address so it can be green flagged or what ever you wanna call it.

It would also be great if you could simply have the code emailed after the 6 confirmations as an option instead of having to wait on the screen for 6 confirmations, that can be a drag.

The Green Address was purposed a while ago for trusted companies to "sign" transactions.  At the moment, only the Mt.Gox green address is recognized.  Therefore if you send the funds from Mt.Gox, you will receive the MoneyPak code instantly.

I have thought about adding an option for an email address.  I will put some more thought in to that.  Since the MoneyPak code is "like cash", I am hesitant to include it in an email.

Dan

Well just make them have a choice to have it emailed, I think most people who use your service load the funds right after.

[Stephen Gornick]

Since the MoneyPak code is "like cash", I am hesitant to include it in an email.

The way BitInstant solved that is to give a PIN# on the purchase summary / receipt page.

Then in the e-mail is a URL to a page, but to gain access to the moneypak code, the PIN is needed.

[DBordello]

Shameless bump.

[epbaha]

You should offer the reverse service.  Just accept the mp codes and cash the moneypak first.  then send the btc.

[DBordello]

You should offer the reverse service.  Just accept the mp codes and cash the moneypak first.  then send the btc.

I would love to.  However, that service is a bit trickier.  I did it manually for a while, but it is hard to sustain.

[DBordello]

Since the MP code is "like cash", I am hesitant to include it in an email.

The way BitInstant solved that is to give a PIN# on the purchase summary / receipt page.

Then in the e-mail is a URL to a page, but to gain access to the moneypak code, the PIN is needed.

This is an excellent method.  We are working to implement it now.

Dan

[rothglobal]

Have to throw out a huge kudos to the OP. Have not used it, but have read the thread. Very impressive exchange service, actually better than any exchange service I have seen for the largest e-currency, Liberty Reserve. That's a huge accomplishment.

[sunnankar]

Have to throw out a huge kudos to the OP. Have not used it, but have read the thread. Very impressive exchange service, actually better than any exchange service I have seen for the largest e-currency, Liberty Reserve. That's a huge accomplishment.

BTCPak's are great; particularly in conjunction with the American Express Prepaid Card which has a $400/daily ATM withdrawal limit, no monthly fee, first withdraw in a month is free then $2/withdrawal.

What could make it better?

If BTCPak operated with ZipConf so the 6 confirmations were not an issue and you could go from bitcoins to cash in hand at an ATM in less than 1 minute.

If there were only a service to get a batch of 2-4 American Express Prepaid Cards along with possibly the online credentials so the balance can be checked. Any service providers?

[rothglobal]

Have to throw out a huge kudos to the OP. Have not used it, but have read the thread. Very impressive exchange service, actually better than any exchange service I have seen for the largest e-currency, Liberty Reserve. That's a huge accomplishment.

BTCPak's are great; particularly in conjunction with the American Express Prepaid Card which has a $400/daily ATM withdrawal limit, no monthly fee, first withdraw in a month is free then $2/withdrawal.

What could make it better?

If BTCPak operated with ZipConf so the 6 confirmations were not an issue and you could go from bitcoins to cash in hand at an ATM in less than 1 minute.

If there were only a service to get a batch of 2-4 American Express Prepaid Cards along with possibly the online credentials so the balance can be checked. Any service providers?

AMEX is highly regulated. Not going to be possible.