I'm CoinMonster. I have been making preparations with a partner to offer this service for a few months now, and we intend to offer this service for the foreseeable future.
Simple Service Summary:
1. You send bitcoins.
2. In the mail, you receive physical USD cash paper money.
Fees & Price
• With escrow: BTC-e.com USD rate + 9.9% & $5 + $20 Express shipping fee.
• Without escrow: BTC-e.com USD rate + 7.9% & $5 + your chosen shipping fee.
Escrow
Escrow is welcomed, however, notice that the fee is 2% higher for escrow transactions. There is a limit of about $1,600 in cash that will be available for escrowed trades daily. I'm not sure about escrow agents on this forum. I'll update this post after I research that.
How does it work?
3 STEP PROCESS:
Step 1. You fill out this form with the info about your order and send it to me by private message (pm) here at Forum.Bitcoin.com or via XMPP/jabber instant message or by email. The Form:
Step 2. I send back to you a bitcoin address (or the escrow provider sends it to you) and how much bitcoin to send there. I'll send you a transparent fee breakdown to show how the bitcoin amount was derived. You must send that amount to the given address within 1 hour for the quote to be valid. For fastest service, use XMPP ("Jabber").• Do you want to use escrow? Yes or No.
^ Fees: 9.9% + $5 + shipping with escrow vs. 7.9% + $5 + shipping without escrow
• US Dollar amount you want:
^ Limited range: $20 to $1,000 in intervals of $20. For example, $20 or $280 or $1,000 are acceptable amounts. $50, $280.25 and $1,200 are not acceptable amounts. Note: all cash comes directly from a bank or ATM so must be in $20 increments ($20, $40, $60, $80, etc.).
• Mail Class: USPS Priority [fee: $5.95] or USPS Express [fee: $20]
^ Choose which one you want. Both include tracking numbers. Priority Mail arrives in 2-5 days usually. Express mail arrives in 1-2 days. If you want escrow, you must choose USPS Express.
• Mailing address for the cash (USA ONLY!):
• Bitcoin Refund Address:
^ Your bitcoin address for a refund in case it is needed.
• Your email address and/or XMPP ID (optional):
• Your PGP key (optional):
Step 3. I'll contact you with the tracking number after your cash ships and notify you of the order status. It will be in the mail within 24 hours under normal circumstances.
CONTACT INFO:
Forum.Bitcoin.com Private Message (PM)
Instant Message (Jabber / XMPP): coinmonster@jabber.at | Easy Guide: How to set up jabber instant messaging
Email (if you must, this is slow): coinymonster @ notsharingmy.info
CoinMonster's PGP Key:
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-----END PGP PUBLIC KEY BLOCK-----Why is the fee higher if I want to use escrow?
Escrow puts a serious drain on our funds, so we discourage it with a higher fee, but it is still acceptable. If one person gets $800 from us and another person gets $800 from us the same day, and they both use escrow, we won't be able to do any escrow transactions until those two are completed.
Why do I have to get Express shipping if I use escrow?
So that the escrow transaction can be completed in the shortest possible time.
Is there any limit to how much cash I can get from you?
Yes. We are limited to $1,000 (regardless of number of transactions) per person, per day.
Why can't I sell you more than $1,000 worth of bitcoins in a day?
There are various reasons for this. It would seriously deplete our capital for the amount of time it takes to complete a trade. This is a small business. Also our lawyer advised us to keep it under this limit for now for multiple legal reasons.
Why won't you send cash outside the USA?
It is just not practical to do this, and the risk of problems with your country's customs agency make this not worth trying. Furthermore, transit times would be prohibitively long to most locations.
Do you require ID verification to initiate or complete a transaction?
Never. Don't want it. Don't need it. You will not be asked to expose yourself to potential identity theft in order to sell your bitcoins.
I've got another question!
Please ask.
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P.S. I have a thread at BitcoinTalk.org too. It is here: https://bitcointalk.org/index.php?topic=1323757.0;all
Proof I'm the same CoinMonster: Go to that thread, import my PGP public key from there into your keyring, and verify this signature.
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