[ANN] 700,000 Cash Deposit Locations in Brazil, Russia, USA - BitInstant

[Yankee (BitInstant)]

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

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[Piper67]

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 

[SgtSpike]

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 

Yes this!!  I would be willing to pay a fee for it...

[Tuxavant]

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 

Previous comments states this is coming within 4 weeks.

[Yankee (BitInstant)]

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 

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.

[dscotese]

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?

[rjk]

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.

[dscotese]

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.

[Yankee (BitInstant)]

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

[TehZomB]

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.

[FreeMoney]

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?

[TehZomB]

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

[Yankee (BitInstant)]

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

dude I love slurpees lol

[DeathAndTaxes]

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

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)]

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

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.

[rjk]

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

You don't know unless you try!

[Yankee (BitInstant)]

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

You don't know unless you try!

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 

[sunnankar]

No one likes being on the radar 

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)]

No one likes being on the radar 

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!!!!

[Tuxavant]