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Author Topic: [ANN] 700,000 Cash Deposit Locations in Brazil, Russia, USA - BitInstant  (Read 54350 times)
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 01, 2012, 07:42:07 PM
 #221

I love you guys, and hope you're being wildly successful... but:

Plugging in "Deposit $200, get $192" for a cash deposit and then finding out I'll actually have to bring $204.95 or $201.58 because of an extra third-party processing fee feels like bait-and-switch to me. Don't you know in advance how much the payment processors will charge?  Does it vary based on location or something?


Thanks Gavin.

We're still negotiating with our partners on the fee's. The past 3 days, the $3.95 fee actually wasn't there, and zipzap brought it back.

We will adjust the formula so it shows accurately.

Are you coming to Vienna next week?

-Charlie

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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Piper67
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June 01, 2012, 07:45:29 PM
 #222

Oh, and Charlie, if you could make it so that I could bring Bitcoins to Walmart and have them give me dollars, pounds, euros, reais or whatever, that would close the circle quite nicely!

But it might be asking a bit much, maybe  Cheesy
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June 01, 2012, 07:54:17 PM
 #223

Oh, and Charlie, if you could make it so that I could bring Bitcoins to Walmart and have them give me dollars, pounds, euros, reais or whatever, that would close the circle quite nicely!

But it might be asking a bit much, maybe  Cheesy
Yes this!!  I would be willing to pay a fee for it...
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Bitcoin Mayor of Las Vegas


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June 01, 2012, 08:29:32 PM
 #224

Oh, and Charlie, if you could make it so that I could bring Bitcoins to Walmart and have them give me dollars, pounds, euros, reais or whatever, that would close the circle quite nicely!

But it might be asking a bit much, maybe  Cheesy

Previous comments states this is coming within 4 weeks.

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Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 01, 2012, 08:36:39 PM
 #225

Oh, and Charlie, if you could make it so that I could bring Bitcoins to Walmart and have them give me dollars, pounds, euros, reais or whatever, that would close the circle quite nicely!

But it might be asking a bit much, maybe  Cheesy

Previous comments states this is coming within 4 weeks.

I hope within that time.

Will update soon. We have some new features before we do that.

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

More about me: http://CharlieShrem.com
dscotese
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I prefer evolution to revolution.


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June 03, 2012, 06:25:24 PM
 #226

I looked through the FAQ for "bitcoin address" because it makes sense to me for one of the options under "PayTo?" at BitInstant to be "My Bitcoin address", but that option isn't there.  Why is that?

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1ngldh


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June 03, 2012, 06:38:04 PM
 #227

I looked through the FAQ for "bitcoin address" because it makes sense to me for one of the options under "PayTo?" at BitInstant to be "My Bitcoin address", but that option isn't there.  Why is that?
Because Bitinstant isn't (currently?) an exchange; they only facilitate you getting money into the existing exchanges.

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dscotese
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I prefer evolution to revolution.


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June 03, 2012, 08:27:35 PM
 #228

Because Bitinstant isn't (currently?) an exchange; they only facilitate you getting money into the existing exchanges.

In other words they aren't interested in converting USD to Bitcoin for customers.  No wonder there's no indication of an exchange rate.  I checked the coinapult option and they charge 1% for conversion, but don't indicate how coinapult determines the exchange rate.

I like to provide some work at no charge to prove my valueAvoid supporting terrorism!
Satoshi Nakamoto: "He ought to find it more profitable to play by the rules."
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 03, 2012, 09:56:16 PM
 #229

Because Bitinstant isn't (currently?) an exchange; they only facilitate you getting money into the existing exchanges.

In other words they aren't interested in converting USD to Bitcoin for customers.  No wonder there's no indication of an exchange rate.  I checked the coinapult option and they charge 1% for conversion, but don't indicate how coinapult determines the exchange rate.

Hey, we actually do tell you the exchange rate and how we determine it.

If you make a quote, on the second page it says:

Within 60 minutes of your payment, an equivalent amount of Bitcoin will be purchased at the current market price, automatically. These coins will then be sent to you via our partner, Coinapult.com. The email will come from Coinapult with instructions on how to send your coins wherever you'd like.

Please note, Coinapult will charge an extra 1% for the USD to BTC conversion.

The current best estimate for the amount of BTC you will receive from this transaction is ____ BTC


Thanks

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

More about me: http://CharlieShrem.com
TehZomB
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WTB NHL Expansion team in Baltimore


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June 03, 2012, 10:06:09 PM
 #230

Is BitInstant ever planning on supporting PNC Bank (or other smaller banks)? I know they're mainly an east-coast bank, but for me (And I'd hope some others), there is a PNC within 5 minutes of work, home, AND school.

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Strength in numbers


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June 03, 2012, 10:17:29 PM
 #231

Is BitInstant ever planning on supporting PNC Bank (or other smaller banks)? I know they're mainly an east-coast bank, but for me (And I'd hope some others), there is a PNC within 5 minutes of work, home, AND school.

Must be a walmart, CVS or 7-11 nearby too right?

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WTB NHL Expansion team in Baltimore


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June 05, 2012, 10:43:05 AM
 #232

There is, but bitinstant is about convenience, right?
And if I walk into 7-11 regularly, I'll start putting on slurpee weight Grin

Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 05, 2012, 02:18:52 PM
 #233

There is, but bitinstant is about convenience, right?
And if I walk into 7-11 regularly, I'll start putting on slurpee weight Grin

dude I love slurpees lol

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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Gerald Davis


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June 05, 2012, 02:26:55 PM
 #234

There is, but bitinstant is about convenience, right?
And if I walk into 7-11 regularly, I'll start putting on slurpee weight Grin

dude I love slurpees lol

You know Bitcoin has hit mainstream when you run a slurpee promotion.  Make a deposit at participating 7-11 and get a free slurpee. 
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 05, 2012, 03:04:50 PM
 #235

There is, but bitinstant is about convenience, right?
And if I walk into 7-11 regularly, I'll start putting on slurpee weight Grin

dude I love slurpees lol

You know Bitcoin has hit mainstream when you run a slurpee promotion.  Make a deposit at participating 7-11 and get a free slurpee. 

do this!

How would we do this without 7-11's involvement? They would never go for it.

Maybe if you email me the slurpee receipt...but that requires to much effort.

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

More about me: http://CharlieShrem.com
rjk
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1ngldh


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June 05, 2012, 03:05:38 PM
 #236

How would we do this without 7-11's involvement? They would never go for it.
You don't know unless you try! Tongue

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Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 05, 2012, 03:13:08 PM
 #237

How would we do this without 7-11's involvement? They would never go for it.
You don't know unless you try! Tongue

Of course, and we will!

The reality is this:

Everyone likes making money, everyone likes making money passively and under the radar.

Right now, 7-11 is making money, Walmart is making money, they are both passively making money under the radar.

Once they start actively promoting Bitcoin, now my friends they are on the radar.

No one likes being on the radar  Undecided

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

More about me: http://CharlieShrem.com
sunnankar
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June 05, 2012, 03:20:18 PM
 #238

No one likes being on the radar  Undecided

Publicity is tempting but often it does not translate to the bottom line and can often harm it by attracting competition and scrutiny. Just keep plugging away. It is awesome being 'silent giant'.

Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 05, 2012, 03:42:19 PM
 #239

No one likes being on the radar  Undecided

Publicity is tempting but often it does not translate to the bottom line and can often harm it by attracting competition and scrutiny. Just keep plugging away. It is awesome being 'silent giant'.

I agree

Coming from the guy who owns 'How to Vanish'

I love this community!!!!

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

More about me: http://CharlieShrem.com
Tuxavant
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June 05, 2012, 03:44:43 PM
 #240


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