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    Author Topic: Using cashout services for trading  (Read 8901 times)
    Darth Severus (OP)
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    May 02, 2011, 05:51:58 PM
    Last edit: May 06, 2011, 01:14:09 PM by Darth Severus
     #1

    What are the best methods to trade with BTC to real money? Let´s discuss it here. My hope is that this discussions will increase the change options and services. I write down a list of known cashout services here, some of them I have checked on my own, others not so far.

    By mail or mixed (multiple withdrawal options)
    They won't allow any kind of exhange system, but if BTC is traded between people it shouldn´t be a problem. Chargebacks could be a problem, cause then the BTC change service would need to hold the bitcoins back for some days. The accounts of such an BTC change service is then under risk to be closed. So maybe they can only be used to trade person to person while using some kind of reputation system
    Paypal.com
    Moneybookers.com: No Chargeback?, MB-Debitcard with cashout for 1.80€ ww available
    Paymate.com (US, AU, NZ)
    Dwolla.org (US-only?)
    Alertpay.com
    Amazon Payments
    Google Checkout
    Popmoney.com
    Serve.com
    CertaPay.com (Canada only)
    Checkfreecorp.com (US only?)
    Alipay.com (biggest in China, cooperates with Paymate)

    By cellphone using a cc or debit
    Trading from card to card without giving your card number away. Registration is easier than at Paypal or Moneybookers, cause they don´t want a copy of your passport or something like this. Only card and cellphone needed.
    Venmo.com (500$ wt-Limit)
    Liqpay.com (Ukrainian)
    Xipwire.com (US only?)

    By flexible voucher (Code/Scan per Mail)
    Can be used for online-shopping, but they can also be cashed into some debits/cc. Vouchers should only be buyed from a trader with a good reputation, like the BTC change service itself. They maybe can become worthless even after they have been used. Scans of for e.g. Ukash cards are much more saver than a code per mail.
    Ukash.com
    Paysafecard.com
    Moneypak.com

    By specific voucher (Code/Scan per Mail)
    like restaurants, amazon, etc. This is more shopping than cashout. Vouchers should only be buyed from a trader with a good reputation, like the BTC change service itself. They maybe can become worthless even after they have been used, for e.g. Amazon may let you pay again if the voucher was illegal. They may also have been buyed by using a stolen card, and the person buying it gets the trouble. On the other hand, if these vouchers are coming from a reliable trader this may work very well.

    Debitcards with multible cashin options
    for e.g. the flexible vouchers above
    Neteller.com

    By other virtuell currency
    Selling BTC for a virtuell currency and then withdraw this for e.g. by debitcard
    Ecardone.com
    Xmlgold.net
    Wmtransfer.com (aka Webmoney, Russian)
    VirWoX.com (Exchanger)

    By money-transfer companys
    There are alternatives to Western Union
    Moneygram.com
    Xoom.com (from US-Account or cc/debit)
    Transferwise.com Bank2Bank incl. EUR2GBP exchange

    By online-shopping customer2shop
    These processors can only be used for onlineshopping if the shop is accepted by them. Someone may open a shop for BTC-vouchers.
    Cashu.com (Arab, withdrawal not possible)
    Clickandbuy.com (German)
    Allpayments.net (British)
    Billsafe.de (German)

    By payment processors
    A BTC service could sell BTC directly to customers, if it has its own way to buy or get BTC
    Mopay.com
    Verotel.com
    Plimus.com
    2Checkout.com
    Nochex.com
    Free-merchant.com (Low Price Guarantee)
    Hyperwallet.com (Payment platform for companys)
    Propay.com

    Directly to customers in RL
    Gopayment.com
    Squareup.com
    Cash

    Other
    Ebay, by selling BTC vouchers
    Debit-Gift Cards
    Virtual debit cards
    Checks
    Money by mail
    Bankwire

    Please add more, and write to which category they could be counted. First it wasn´t my plan to update the first article permanently, now I may do this sporadically.
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