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Author Topic: [ANN] Finally, Bitcoin withdrawals to PayPal from BitInstant!  (Read 844 times)
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 26, 2012, 10:39:55 PM
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Hello Community,
 
As of today, you can fund your PayPal account with Bitcoins.

This service has been long-needed in Bitcoin World and now anyone holding Bitcoins can immediately get them converted to USD and placed in their PayPal account.


Step 1) Sell your coins at Gox, BitStamp, BTC-E, or Crypto, and withdraw a USD coupon.
 
Step 2) Visit BitInstant.com, select Coupon as the "Pay from" and PayPal as the "Pay to"
 
Step 3)  Fill out the account info, complete the process, and voila!
 
Orders are processed by our partner Virtual World Services GmbH and the Paypal funds will arrive from them. There is a 6% total fee for the service, which includes the PayPal fee.
 
Note: Our system will automatically flag a first-time withdrawal for a quick manual review. We check to see if the PayPal address is blacklisted, fraud, or mistyped. Usually, this can range from a few minutes to 12 hours (possibly longer on weekends). On subsequent withdrawals to PayPal, no manual review is needed and funds will appear within a few minutes.

For most transfers, the fee is 6% including Paypal fees. We've partnered up with Virtual World Services GmbH in order to make this possible, since they have a virtual currency approved account with Paypal. The Paypal and middleman fees we are required to pay per transfer are over 4.5%, for this reason we charge 6%. We except
 
Fast and easy Bitcoin payments to PayPal! Give it a try!

-The BitInstant Team

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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June 26, 2012, 10:42:52 PM
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Wow! That's badass! When will people be able to buy Bitcoins with Paypal?

Discover anarcho-capitalism today!
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June 26, 2012, 11:09:02 PM
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Probably best to keep discussion in the other thread which is already longer.
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June 26, 2012, 11:54:01 PM
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Probably best to keep discussion in the other thread which is already longer.
psy said this was the one in the right forum.

And woot!  Right when I was thinking of starting cashing out with paypal...

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June 27, 2012, 12:08:09 AM
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congrats!  this is a huge development!  as much as I hate Paypal, there's things I pick up on fleaBay and it's such a drag to have to withdrawal from my bank account just to do that. 

YOU ROCK BitInstant!!!

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June 27, 2012, 06:19:18 AM
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This is not BTC -> Paypal, it's BTC -> MtGox -> Paypal.

Tips are appreciated (very tiny tips are perfectly okay!) 13gDRynPfLH3NNAz3nVyU3k3mYVcfeiQuF
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