joesmoe2012



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Re: BIPS | Bitcoin Internet Payment System | Buy, Sell, Trade and Withdraw to Bank. August 02, 2013, 01:47:10 PM #19 Quote from: Kris on August 02, 2013, 12:53:12 PM Quote from: joesmoe2012 on August 02, 2013, 12:24:46 PM Quote from: Kris on August 02, 2013, 12:06:46 PM Quote from: joesmoe2012 on August 01, 2013, 03:06:21 PM You're rates are too poor though. They are a few percentage points off of bitstamp...



We are not an exchange, BIPS is a payment processor mostly used by merchants. Maybe I misunderstood your question?

We are not an exchange, BIPS is a payment processor mostly used by merchants. Maybe I misunderstood your question?

"Buy, Sell, Trade and withdraw to bank. Today" is what it says in your signature.



I'm a little confused.



The rate's for accepting payment in bitcoin and then converting it to USD are pretty poor. Recently you guys had a press release saying you were going to base your prices off of bitstamp, but I don't see this.

"Buy, Sell, Trade and withdraw to bank. Today" is what it says in your signature.I'm a little confused.The rate's for accepting payment in bitcoin and then converting it to USD are pretty poor. Recently you guys had a press release saying you were going to base your prices off of bitstamp, but I don't see this.

Very true, BIPS Buy Bitcoin option for verified customers are not very competitive right now, however to make up for this we are quick in getting the Bitcoin to you and the "money" to you for sell. But wait a few weeks, and we will have something very big to announce. Something that I personally think you will like.



We don't hold any significant market share in the US.



The press release you mention is here,

Very true, BIPS Buy Bitcoin option for verified customers are not very competitive right now, however to make up for this we are quick in getting the Bitcoin to you and the "money" to you for sell. But wait a few weeks, and we will have something very big to announce. Something that I personally think you will like.We don't hold any significant market share in the US.The press release you mention is here, https://bips.me/press/release/20130723

I've spoken to a few people from BIPs at the various conferences and am impressed with what you guys are doing, don't get me wrong.



Until you switched to bitstamp for your rates, you actually had some of the most competitive rates around.



However, 3-5 days for a wire transfer to go through isn't exactly quick. Also, wire transfers (for most americans) carry a reception fee (in my banks case, $15).



The best of luck to you guys though, I have no doubt that you will succeed. I've spoken to a few people from BIPs at the various conferences and am impressed with what you guys are doing, don't get me wrong.Until you switched to bitstamp for your rates, you actually had some of the most competitive rates around.However, 3-5 days for a wire transfer to go through isn't exactly quick. Also, wire transfers (for most americans) carry a reception fee (in my banks case, $15).The best of luck to you guys though, I have no doubt that you will succeed.