Bitcoin Wiki - User contributions [en]

Liberty Reserve

2013-06-22T17:28:44Z

Anonymouse:

'''Liberty Reserve''' WAS AN ILLEGAL private currency exchange system issued by Liberty Reserve S.A. of San José, Costa Rica. As of May 27th, 2013 it is offline following the [http://www.bbc.co.uk/news/technology-22680297 arrest of its founder].

The two Liberty Reserve currencies are Liberty Reserve USD (LRUSD) and Liberty Reserve EURO (LREUR). Liberty Reserve S.A.'s terms of service reads:
:: <tt>1.7. Liberty Reserve (LR): means the digital currency in which the electronic transfer services are provided; '''backed by United States of America Dollars and Euros'''; hereinafter for all legal purposes referred to as LR. </tt> [emphasis added]

Liberty Reserve is a digital currency used frequently for adding funds to and withdrawing funds from [[:Category:Exchanges|Bitcoin exchange markets]].

==Fees==
Transfers charged by Liberty Reserve are a flat 1% to the recipient of the funds. The fee is rounded up to the nearest penny, so the minimum fee is $0.01. The maximum fee is $2.99 so essentially fees are only charged on the first $300 of any transfer.

If you are transferring LR from your account with a merchant, that merchant may charge a fee for that withdrawal, however that fee is withdrawn before the merchant sends the funds to your Liberty Reserve account.

In some circumstances, if you will be transferring LR funds from one merchant to another, you might be able to skip treating your LR as a hub and just transfer funds directly from one merchant to the other. This will save on the fee that would have been charged on the second transaction<ref>Additional risks may be incurred when bypassing your own account for this type of transaction. For instance, if the destination claims to not have received funds you won't have any way to inquire on the transaction -- your LR account was not involved in the transaction.</ref>.

==Chargebacks==
Liberty Reserve allows no refunds and has no mechanism for performing a chargeback. The site has security protections to help lessen the likelihood of an unauthorized transaction occurring.

==Criticism==

Some are concerned that Liberty Reserve's alleged moves towards becoming a bank are likely to cause potential losses to some of its existing currency holders.

A security issue involving the loss of customer's privacy (browser info exposed to Amazon and Google) was identified on April 26, 2011
<ref>[http://permalink.gmane.org/gmane.comp.finance.gold-silver-crypto/22812 Liberty Reserve Integrity?]</ref>

In August 2012, many accounts were locked by administration, official reason was mistake of automatic script. <ref>[http://blog.libertyreserve.com/2012/08/maintenance-update_22.html Liberty Reserve Blog]</ref> Most of account holders were requested to send scans of IDs and other documents, to verify their identify. Many users reported that after sending documents they were unlocked, although after that incindent LR administration continued to block "suspicious" accounts.<ref>[http://www.talkgold.com/forum/r366628-.html Talkgold forum]</ref>

==See Also==

* [[Payment methods]]
* [[WM-Center]]
* [[Nanaimo Gold]]
* [[AurumXChange Company]]
* [[MtGox]]
* [[Ecardone]]

==External Links==
* [http://www.libertyreserve.com LibertyReserve.com]

==References==
<references />

[[Category:Digital currencies]]

MoneyPak

2013-06-14T06:53:46Z

Anonymouse: /* External Links */

MoneyPak is a stored-value card ("cash top-up card") provided by Green Dot Corporation. It's typically purchased with cash at a retailer, then used to fund prepaid debit cards or on-line wallet services like [[PayPal]] or [[Serve]]. A handful of MoneyPak partners also accept MoneyPak funds as same-day payments for their services; these include credit cards, bank accounts, digital wallets, online wagering accounts, online games, digital content accounts, prepaid phone services, and satellite TV services.<ref>[https://www.moneypak.com/WhoAccepts.aspx "Where can I use a MoneyPak?" Green Dot MoneyPak (accessed 2013-03-28)]</ref>

MoneyPak is popular with traders on the [[Bitcoin-otc|#bitcoin-otc]] marketplace as a method for sending funds.

==Purchasing MoneyPaks==

Most MoneyPak retailers will allow you to fund a card with any amount from $20 to $500. Some may restrict amounts to fixed denominations—$20, $50, $100, etc. At Walmart, up to $1,100 may be purchased. The funds are often available immediately, but at some retailers there is a delay; these include Walgreens (60 minutes), Radio Shack (30 minutes), Longs Drugs and 7-Eleven (15 minutes).

A MoneyPak typically carries a flat $4.95 service fee, which is charged at point of sale along with the value stored on the card. There are sometimes promotions where MoneyPak will refund the service fee under certain terms (see section [[#MoneyPak and PayPal|MoneyPak and PayPal]] below, for example).

==MoneyPak and PayPal==

MoneyPak funds may be added to a PayPal account, subject to verification of personal information (name, address, date of birth and Social Security Number) by Green Dot on behalf of PayPal. Up to $4,000 may be added to a PayPal account in a single month, and funds are available immediately in PayPal.<ref>[https://www.moneypak.com/PaypalFAQ.aspx "PayPal FAQs." Green Dot MoneyPak (accessed 2013-03-28)]</ref>

PayPal's terms of service do not allow funds added by MoneyPak to be withdrawn and sent to the account holder's bank account. PayPal's intention is that those funds added will be used for sending money to a merchant or to another PayPal member.{{cite}}

Through the end of 2013, a special promotion allows PayPal users to fund their accounts one time with a MoneyPak card and have the MoneyPak service fee refunded; special terms and conditions apply.<ref>[http://www.moneypakpromotion.com/PayPalGetFive "Your first MoneyPak fee (up to $4.95) is on us!" moneypakpromotion.com (accessed 2013-03-28)]</ref>

==Where to exchange Bitcoins and MoneyPaks==
* [https://www.sellbitcoinforcash.com Sell Bitcoin for Cash.com] Open and conducting trades in under 20 minutes
* [https://moneypaktrader.com MoneypakTrader.com]<ref>[[MoneypakTrader.com]]</ref> Open and conducting trades as of 6/6/2013, in under 24 hours for established customers
* [http://bitquick.net BitQuick] Temporary Closed, Checked 6/6/2013, appears to ask for codes over unencrypted connection
* [http://www.bitcointalk.org BitcoinTalk Forum] infested with scammers, be careful
* [https://www.btcpak.com/ BTCPak] Site Unavailable, Checked 6/6/2013
* [http://www.coindesk.com/virginia-compliance-issue-leads-fastcash4bitcoins-to-suspend-service/ FastCash4Bitcoins] Indefinitely Closed, Checked 6/6/2013

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [[Secure Trading]]
* [[Payment methods]]

==External Links==
* [http://www.moneypak.com MoneyPak] official site
* [http://www.moneypak.com/StoreLocator.aspx MoneyPak store locator]
* [http://www.moneypakpromotion.com/ MoneyPak Promotions] official site
* [https://www.sellbitcoinforcash.com Sell Bitcoin for Cash.com]. sites buys btc and sells gift cards including moneyPak
* [http://www.moneypaktrader.com MoneypakTrader.com] Site to trade MP <---> BTC

==References==
<references />

[[Category:Money transmitters]]

MoneyPak

2013-06-14T06:50:47Z

Anonymouse: /* Where to exchange Bitcoins and MoneyPaks */

MoneyPak is a stored-value card ("cash top-up card") provided by Green Dot Corporation. It's typically purchased with cash at a retailer, then used to fund prepaid debit cards or on-line wallet services like [[PayPal]] or [[Serve]]. A handful of MoneyPak partners also accept MoneyPak funds as same-day payments for their services; these include credit cards, bank accounts, digital wallets, online wagering accounts, online games, digital content accounts, prepaid phone services, and satellite TV services.<ref>[https://www.moneypak.com/WhoAccepts.aspx "Where can I use a MoneyPak?" Green Dot MoneyPak (accessed 2013-03-28)]</ref>

MoneyPak is popular with traders on the [[Bitcoin-otc|#bitcoin-otc]] marketplace as a method for sending funds.

==Purchasing MoneyPaks==

Most MoneyPak retailers will allow you to fund a card with any amount from $20 to $500. Some may restrict amounts to fixed denominations—$20, $50, $100, etc. At Walmart, up to $1,100 may be purchased. The funds are often available immediately, but at some retailers there is a delay; these include Walgreens (60 minutes), Radio Shack (30 minutes), Longs Drugs and 7-Eleven (15 minutes).

A MoneyPak typically carries a flat $4.95 service fee, which is charged at point of sale along with the value stored on the card. There are sometimes promotions where MoneyPak will refund the service fee under certain terms (see section [[#MoneyPak and PayPal|MoneyPak and PayPal]] below, for example).

==MoneyPak and PayPal==

MoneyPak funds may be added to a PayPal account, subject to verification of personal information (name, address, date of birth and Social Security Number) by Green Dot on behalf of PayPal. Up to $4,000 may be added to a PayPal account in a single month, and funds are available immediately in PayPal.<ref>[https://www.moneypak.com/PaypalFAQ.aspx "PayPal FAQs." Green Dot MoneyPak (accessed 2013-03-28)]</ref>

PayPal's terms of service do not allow funds added by MoneyPak to be withdrawn and sent to the account holder's bank account. PayPal's intention is that those funds added will be used for sending money to a merchant or to another PayPal member.{{cite}}

Through the end of 2013, a special promotion allows PayPal users to fund their accounts one time with a MoneyPak card and have the MoneyPak service fee refunded; special terms and conditions apply.<ref>[http://www.moneypakpromotion.com/PayPalGetFive "Your first MoneyPak fee (up to $4.95) is on us!" moneypakpromotion.com (accessed 2013-03-28)]</ref>

==Where to exchange Bitcoins and MoneyPaks==
* [https://www.sellbitcoinforcash.com Sell Bitcoin for Cash.com] Open and conducting trades in under 20 minutes
* [https://moneypaktrader.com MoneypakTrader.com]<ref>[[MoneypakTrader.com]]</ref> Open and conducting trades as of 6/6/2013, in under 24 hours for established customers
* [http://bitquick.net BitQuick] Temporary Closed, Checked 6/6/2013, appears to ask for codes over unencrypted connection
* [http://www.bitcointalk.org BitcoinTalk Forum] infested with scammers, be careful
* [https://www.btcpak.com/ BTCPak] Site Unavailable, Checked 6/6/2013
* [http://www.coindesk.com/virginia-compliance-issue-leads-fastcash4bitcoins-to-suspend-service/ FastCash4Bitcoins] Indefinitely Closed, Checked 6/6/2013

==See Also==

* [[Buying bitcoins]]
* [[Selling bitcoins]]
* [[Secure Trading]]
* [[Payment methods]]

==External Links==
* [http://www.moneypak.com MoneyPak] official site
* [http://www.moneypak.com/StoreLocator.aspx MoneyPak store locator]
* [http://www.moneypakpromotion.com/ MoneyPak Promotions] official site
* [http://www.moneypaktrader.com MoneypakTrader.com] Site to trade MP <---> BTC

==References==
<references />

[[Category:Money transmitters]]

BTCPak

2013-06-14T00:22:19Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [http://www.sellbitcoinforcash.com SellBitcoinforcash.com (sell bitcoin for cash) a BTCPak inspired website]
* [https://bitcointalk.org/index.php?topic=224763.0 sellbitcoinforcash.com Discussion Thread]

* [BTCPak website (abandoned)]
* [Discussion Thread (abandoned)]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-14T00:22:06Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [BTCPak website (abandoned)]
* [Discussion Thread (abandoned)]

* [http://www.sellbitcoinforcash.com SellBitcoinforcash.com (sell bitcoin for cash) a BTCPak inspired website]
* [https://bitcointalk.org/index.php?topic=224763.0 sellbitcoinforcash.com Discussion Thread]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-14T00:21:32Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [BTCPak website (abandoned)]
* [Discussion Thread (abandoned)]

* [http://www.sellbitcoinforcash.com Sell Bitcoin for cash.com a BTCPak (BTC -> MP) inspired website]
* [https://bitcointalk.org/index.php?topic=224763.0 sellbitcoinforcash.com Discussion Thread]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-14T00:21:24Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [BTCPak website (abandoned)]
* [Discussion Thread (abandoned)]

* [http://www.sellbitcoinforcash.com Sell Bitcoin for cash.com a BTCPak (BTC -> MP) inspired website]
* [https://bitcointalk.org/index.php?topic=224763.0 sellbitcoinforcash.com Discussion Thread]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-14T00:20:29Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [https://www.btcpak.com BTCPak website]
* [https://bitcointalk.org/index.php?topic=64805.0 Bitcoin Talk Discussion Thread]

* [http://www.sellbitcoinforcash.com Sell Bitcoin for cash.com a BTCPak (BTC -> MP) inspired website]
* [https://bitcointalk.org/index.php?topic=224763.0 sellbitcoinforcash.com Discussion Thread]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-08T08:52:23Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [https://www.btcpak.com BTCPak website]
* [https://bitcointalk.org/index.php?topic=64805.0 Bitcoin Talk Discussion Thread]

* [http://www.sellbitcoinforcash.com Sell Bitcoin for cash.com a BTCPak (BTC -> MP) inspired website]
* [https://bitcointalk.org/index.php?topic=224763.0 Bitcoin Talk Discussion Thread]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-08T08:52:03Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [https://www.btcpak.com BTCPak website]
* [https://bitcointalk.org/index.php?topic=64805.0 Bitcoin Talk Discussion Thread]

* [http://www.sellbitcoinforcash.com - Sell Bitcoin for cash.com - a BTCPak (BTC -> MP) inspired website]
* [https://bitcointalk.org/index.php?topic=224763.0 Bitcoin Talk Discussion Thread]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-08T08:49:02Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [https://www.btcpak.com BTCPak website]
* [https://bitcointalk.org/index.php?topic=64805.0 Bitcoin Talk Discussion Thread]
* [http://www.sellbitcoinforcash.com BTCPak (BTC -> MP) inspired website]

[[Category:Financial]]
[[Category:Exchanges]]

BTCPak

2013-06-08T08:48:17Z

Anonymouse: /* External Links */

[https://www.btcpak.com BTCPak] was a service to exchange your [[Bitcoins]] for [[MoneyPak]]. The service required the user to select the denomination of MoneyPak they would like to receive and provide a [[bitcoin address]] in case a refund is necessary.

The user was then provided with a [[bitcoin address]] to send the provided number of [[Bitcoins]]. After six network confirmations, the user was presented with the [[MoneyPak]] code. If the user deposits using a [[GreenAddress]] from [[MtGox]] or [[Instawallet]], the [[MoneyPak]] code was available immediately.

==History==
* Site was launched February 21st, 2012.
* Site is unavailable as of June 6th, 2013.

==Green Addresses Accepted==
* [[MtGox]]
* [[Instawallet]]

==External Links==
* [https://www.btcpak.com BTCPak website]
* [https://bitcointalk.org/index.php?topic=64805.0 Bitcoin Talk Discussion Thread]
* [http://www.sellbitcoinforcash.com BTCPak inspired website]

[[Category:Financial]]
[[Category:Exchanges]]