Bitcoin Wiki - User contributions [en]

User:Saqwe

2011-06-24T18:10:03Z

Saqwe: Created page with "I am also on the Forum: http://forum.bitcoin.org/index.php?action=profile;u=18546"

I am also on the Forum:
http://forum.bitcoin.org/index.php?action=profile;u=18546

PayPal

2011-06-24T11:58:33Z

Saqwe: /* Criticism */

'''PayPal''' is an e-commerce business allowing payments and money transfers to be made through the Internet.
A PayPal account can be funded with electronic debits from a bank account, from a [[MoneyPak]] card or by receiving a money transfer from another PayPal member. Funds in a PayPal account can be withdrawn to a bank account or by sending a money transfer to another PayPal member.

==Fees==
The fee for transferring money to another PayPal member can vary based on options. The typical transaction charge for PayPal is $0.30 per transaction plus 2.9% of the amount transferred. The transaction charge is deducted from the payment amount. A "personal, payments owed" transaction to another PayPal account where the recipient's account is not a business account will incur no transfer fee. International payments will incur an additional currency exchange fee of at least 1%, in many instances.

PayPal operates in 190 markets worldwide.

==Privacy==
===U.S. Accounts===
When a payment is funded from a linked bank account, an ACH transaction is made. There appears to be differences in the type of ACH transaction depending on where the PayPal payment was sent.

====Domestic====
For payment from a U.S. PayPal account to another U.S. PayPal account, the ACH transaction code used is WEB.

====International====
For payment from a U.S. PayPal account to a PayPal account that is outside the U.S., the ACH transaction code used is IAT. Accompanying the IAT transaction is the payment recipient's name.

In other words, more information is transmitted to the bank when the PayPal transaction is for a payment that crosses borders than might be sent for a payment that stays within the U.S.

==Criticism==

It is not recommed to use PayPal for Bitcoin transfers. In many cases the buyer issued a charge-back-fraud. The case is automatically closed by PayPal if he states that his account was compromised.

==See Also==

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

==External Links==
* [http://www.PayPal.com PayPal.com]
* [http://en.wikipedia.org/wiki/Paypal PayPal's Wikipedia page]

[[Category:Money transmitters]]

PayPal

2011-06-24T11:58:02Z

Saqwe:

'''PayPal''' is an e-commerce business allowing payments and money transfers to be made through the Internet.
A PayPal account can be funded with electronic debits from a bank account, from a [[MoneyPak]] card or by receiving a money transfer from another PayPal member. Funds in a PayPal account can be withdrawn to a bank account or by sending a money transfer to another PayPal member.

==Fees==
The fee for transferring money to another PayPal member can vary based on options. The typical transaction charge for PayPal is $0.30 per transaction plus 2.9% of the amount transferred. The transaction charge is deducted from the payment amount. A "personal, payments owed" transaction to another PayPal account where the recipient's account is not a business account will incur no transfer fee. International payments will incur an additional currency exchange fee of at least 1%, in many instances.

PayPal operates in 190 markets worldwide.

==Privacy==
===U.S. Accounts===
When a payment is funded from a linked bank account, an ACH transaction is made. There appears to be differences in the type of ACH transaction depending on where the PayPal payment was sent.

====Domestic====
For payment from a U.S. PayPal account to another U.S. PayPal account, the ACH transaction code used is WEB.

====International====
For payment from a U.S. PayPal account to a PayPal account that is outside the U.S., the ACH transaction code used is IAT. Accompanying the IAT transaction is the payment recipient's name.

In other words, more information is transmitted to the bank when the PayPal transaction is for a payment that crosses borders than might be sent for a payment that stays within the U.S.

==Criticism==

It is not recommed to use PayPal for Bitcoin transfers. In many cases the buyer issued a charge-back-fraud. The case is automatically closed by PayPal if he states that his account was comprpmised.

==See Also==

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

==External Links==
* [http://www.PayPal.com PayPal.com]
* [http://en.wikipedia.org/wiki/Paypal PayPal's Wikipedia page]

[[Category:Money transmitters]]

Selling bitcoins

2011-06-24T11:51:57Z

Saqwe: /* Small amounts */

==Medium to Large amounts==
The best rates for selling medium to large amounts of bitcoins generally when withdrawing from an exchange using a cash method such as a bank transfer (ACH, EUR/SEPA) or through [[Liberty Reserve]] even.

{| class="wikitable"
|-
| Exchange || Type || Adding Funds || Withdrawing Funds || [[eWallet]] || Notes
|-
| [[MtGox]] || Market || BTC Liberty Reserve USD USD (bank wire) USD (ACH) EUR (SEPA bank wire) || BTC Liberty Reserve USD USD (ACH Direct Deposit) EUR (SEPA bank wire) || {{Table Value Yes}} || Restrictions and limits on withdrawals.
|-
| [[TradeHill]] || Market || USD (bank wire) USD (Dwolla) CLP (bank transfer) PEN (bank transfer) INR (bank transfer) Liberty Reserve USD || USD (bank wire) USD (Dwolla) CLP (bank transfer) INR (bank transfer) Liberty Reserve USD || {{Table Value Yes}} ||
|-
| [[Britcoin]] || Market || BTC GBP (bank deposit) || BTC GBP (bank deposit) || {{Table Value Yes}} ||
|-
| [[Btcex]] || Market || BTC USD (Liberty Reserve) || BTC USD (Liberty Reserve) || {{Table Value Yes}} || Also trades NMC, namecoin currency.
|-
| [https://www.virwox.com VirWoX] || Market || BTC SLL (Second Life) ACD (Avination) OMC (OpenSim) USD,EUR,GBP,CHF ([[PayPal]]) USD,EUR,GBP (Credit & Debit cards via [[Moneybookers]]) USD,EUR,GBP ([[NETELLER]]) EUR (DIRECTebanking / Sofortüberweisung) USD,EUR,GBP,CHF ([[paysafecard]]) EUR (SEPA bank wire) || BTC SLL (Second Life) ACD (Avination) OMC (OpenSim) USD,EUR,GBP,CHF ([[PayPal]]) USD,EUR,GBP ([[Moneybookers]]) USD,EUR,GBP ([[NETELLER]]) EUR (SEPA bank wire) || {{Table Value Yes}} || Trading through Second Life Linden Dollars (highly liquid). See [[VirWoX]] article for instructions on how to buy and sell bitcoins. Variable limits on PayPal and Credit Card deposits.
|}

==Small amounts==

For smaller amounts conversion fees are usually too expensive. Thus other methods are usually a better choice. The following exchanges will enable you to redeem smaller amounts of bitcoins at reasonable rates:

* [[Bitcoin Argentina]] — Trades BTC for ARS. Cash and bank transfer. No exchange fees.
* [[BitcoinExchange Services]] - Cash out your Bitcoins to PayPal, MoneyGram, Western Union, prepaid debit cards, Visa gift cards, or gift cards to ALL major businesses, retail shops, restaurants, hotels, etc.
* [[Britcoin]] Trade your BTCs for GBP on the exchange.
* [[Bitcoin 2 Credit Card]] purchase virtual VISA prepaid cards with bitcoins
* [[Bitcoin2Cash]] Redeems bitcoins with cash mailed to you
* [[Bitcoin 4 Cash]] Redeems bitcoins with cash mailed to you
* [[Nanaimo Gold]] Redeem bitcoins for Liberty Reserve (automated) or for money transfer, money order or direct deposit within Canada.
* [[Bitcoin Brasil]] Cash exchange that redeems bitcoins for BRL, USD.
* [[Bitcoin Morpheus]] purchase reloadable debit cards with bitcoins
* [[Bitcoin Market]] Trade your BTCs for MoneyBookers, Liberty Reserve or Pecunix.
* [[BitMarket.eu]] Trade your BTCs for EUR, GBP and PLN (SEPA bank transfer). OTC with Escrow.
* [[Bitcoin.com.es]] Trade your BTCs for EUR (Bank transfer).
* [[Bitcoil]] Trade your BTCs for ILS (Israeli New Shekel). Proceeds received through bank transfer.
* [[Bitomat]] Trade your BTCs for PLN on the exchange.
* [[bitcoin.local]] arranges for exchanging currencies in person with someone nearby
* [[Bitcoin Cashout]] purchase virtual prepaid cards with bitcoins
* [[bitcoin-otc]] IRC trading marketplace will usually have people willing to deal for small and larger amounts using various payment methods, including [[PayPal]], [[Dwolla]], [[Linden Dollars]], etc.
* [[btcbuy]] Simple interface to trade your BTCs for Amazon or NewEgg gift cards

==See Also==

* [[:Category:Digital currencies|Digital currencies]]
* [[Buying bitcoins]]
* [[Secure Trading]]
* [[Comparison of exchanges]]