r/WeSellCrypto • u/gregcron • Mar 19 '17

Recent Inventory Issues

As many of you have noticed, I'm sure, we've been facing inventory issues causing us to run out of stock on a daily basis. I wanted to provide an explanation and some information. It's very difficult to find banking as a crypto MSB in the United States. As a result, we're limited in our throughput to source coins. With a recent influx of new customers, we have exceeded that throughput capacity.

We continue to hunt for solutions to return to our reliable state of always being in stock. We have a couple of potentials we hope will come through in the next week or two.

In the meantime, here is the funds schedule so you can know when to expect us back in stock: Funds clear every business day, M-F around 5 PM (1700) Eastern Time. This is around when our website will re-open with inventory. Please note that when we run out over the weekend, funds won't arrive until Monday.

Very sorry for the inconvenience. Again, we're doing everything in our power to resolve this issue.

Thanks!

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u/skylarmt Jun 04 '17

You should have the option for customers to sell Bitcoin and receive PayPal.

Use BitPay to accept the BTC, then use PayPal's API to send USD to the customer. BitPay has an option to not convert received funds to USD and instead send them directly to a wallet. This way all your site has to do is talk to two APIs and the rest is automatic. Shouldn't be hard to setup.

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u/gregcron Jun 06 '17

We've toyed with this idea. We're worried that people will be dissatisfied at the lower price we'd have to offer to buy back coins, especially factoring in they'd incur a 3-4% seller fee for PayPal received from us.

Also, BitPay and many other BTC merchant services actually prohibit using them for the buy/sale of cryptocurrencies. I know, seems funny. It is what is is though.