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Comments
What is your settlement currency?
USD or BTC
People don't really do paypal to btc because there's no chargeback on BTC but there is on paypal.
Not PP to BTC, PP to merchant.
I'm not looking for online instant money converter.
Merchant's risk can be reduced by withholding the fund for a limited time.
Provide ID verification, 15 day hold on payment, and I'll happily exchange into BTC.
I'm wondering if such company exist. I'm not looking for private one man show nor will I give my personal information to such person. Registered non one man show company on the other hand is fine.
Reputable private one man show is good for escrow only but even then any ID verification is not needed.
I don't know of any company.
I also don't think there's enough incentive for any service like this:
AFAIK you can also just automate this yourself, since it looks like Coinbase API allows you to buy Bitcoin with a bank account as the payment method. So you use Stripe API to get notified about a payout from Stripe, and a day later or something you convert that to Bitcoin.
The problem you have is that a company that isn't run by idiots knows that BTC is a safer store of value than PP or CC, especially when it comes to fraud. And on top of them shouldering all that risk, you want to engage in those transactions anonymously? Too many red flags for anyone with half a brain.
Who want to engage in those transactions anonymously?
I don't think there is a company converting PayPal to Bitcoin but you could withdraw the money from PayPal and buy BTC via bank wire or sofortbanking (idk if it's available in the US). Would be save and even faster as you dont need to keep the money on hold.
It's easier to exchange cash to bitcoin.
Don't think that somebody will be in risk for you.
You wrote:
and
Perhaps I'm misreading it, but it sure looks like you want to get Bitcoins you can walk away with and leave someone else holding the bag when it comes to fraud/chargebacks. If that's not the case, you'll have to be a lot more clear about how you think a company should be operating in the face of the inherent risks.
Ill mail you pop tarts if you exchange with me in the future
Just make sure that whatever you want meets Amazon's free shipping minimum
What he wrote is that he won't do business with a one-man-show, if they offer to. Not that he's not offering to validate his info to a reputable provider.
Why mail? We're in Toronto, come deliver them we can grab a coffee sometime
True, doing BTC exchange locally is safer too lol
Do it in person with me, buy me a coffee and that'll cover the fees for exchange, win win.
I also wrote on that same exact post:
If I want to do business with reputable merchants like Bitpay or Stripe, obviously I would provide them my ID verification. I'm not gonna do that for a random or non random one man show LETers.
The company I'm looking for is something like this: accept payments from several methods, hold them in USD and I can convert them into Bitcoin after certain amount of time limitation (to prevent charge back) is satisfied. Point is, I want to bypass the troublesome procedure dealing with bank transfer. @perennate offers the best solution so far.
Hah! This is LowEndTalk, but I'd be fine buying breakfast/lunch too lol (I'm not that cheap)
But there's absolutely no difference in risk from the other party's point of view. Whether or not you're dealing with one guy or a big company you are still the one who is the unknown factor trying to exchange a high-risk asset (PP or CC) for a low-risk asset (BTC). It is laughable to think you'd be in any position to make demands of the other party.
Great; sounds like an escrow service. How long are you willing to wait? How much float are you willing to accept? How much volume are you looking to process? What fees are you willing to pay? The lack of detail on your terms makes it hard believe that you're looking to deal with anybody but the lone random dude you say you won't deal with.
Email address using gmail.
No EV SSL.
No clear company name and legal jurisdiction.
Definitely a scam, lol.
Above all else, not the service I'm looking for.
In Canada this might be useful https://www.quadrigacx.com/