Cashout BitCoin

[PeterZhow]

I ask for info to all the experts.

The situation is as follows:
A customer has to buy goods and can only pay by bank transfer.

My supplier, on the other hand, wants to receive the money in cash only.

We are talking about an average volume of 80k per month.

Which solution do you think is most suitable for this type of operation?

 

[CaptK]

That's difficult because cash is hard to come by except from drug dealers. Will the seller accept BTC.

 

[NicolasMaduro]

I think your first issue is finding a bank who will let you withdraw 80.000 USD/EUR/GBP per month in cash,
to pay a supplier.

Also I have never heard of any legit operation doing it like this, so I assume its shady business.

You also have bitcoin in your title, but you don´t mention bitcoin in your thread?

So do your "supplier" also accept bitcoin?

 

[PeterZhow]

So do your "supplier" also accept bitcoin?

I can try to convince him but he too will have the problem of paying his suppliers and his employees.

 

[CaptK]

Where is the supplier based?

 

[kastiauto]

I can try to convince him but he too will have the problem of paying his suppliers and his employees.

If he accepts Bitcoin, then he can later pay his company bills, invoices, salaries by Bitcoin using Piixpay. He needs to send out btc, piixpay will exchange this to euros, and transfers money to the recipient's bank account.

 

[PeterZhow]

Where is the supplier based?

Italy

 

[Martin Everson]

Italy

Not in the hills of Columbia?

Sounds shady as hell.

 

[PeterZhow]

Not in the hills of Columbia?

Sounds shady as hell.

believe me, nothing shady.
in fact I would like to pay everything regularly by bank transfer but the supplier does not want to declare anything.
Very stupid supplier

 

[sergiog]

BTC ATM , no id options , more transactions .. for 80k you will need one week to cash them out I believe

 

[Martin Everson]

BTC ATM , no id options , more transactions .. for 80k you will need one week to cash them out I believe

He might as well buy gold bars with BTC and flip them. The margin loss will be less than those BTC ATM fees .

 

[PeterZhow]

He might as well buy gold bars with BTC and flip them. The margin loss will be less than those BTC ATM fees .

Is there anyone reliable selling gold for BTC?

BTC ATM , no id options , more transactions .. for 80k you will need one week to cash them out I believe

What is the commission?

 

[4br]

Not sure exactly what you are trying to do, as you don't specifically say.

However, if you want to deal with Bitcoin Dukascopy have BTC deposites at 0% and withdrawal at 10 USD - Account Funding In Crypto :: Dukascopy Bank SA | Swiss Forex Bank | ECN Broker | Managed accounts | Swiss FX trading platform

 

[sergiog]

What is the commission?

5% on shitcoin atms better than gold.
for gold you also need id.

Is there anyone reliable selling gold for BTC?

check out bitpay directory

He might as well buy gold bars with BTC and flip them. The margin loss will be less than those BTC ATM fees .

for cash is the best solution around ....and 5% is not a big fee.

 

[Martin Everson]

Is there anyone reliable selling gold for BTC?

Yes bullionstar.com in Singapore.

 

[isyet]

I ask for info to all the experts.

The situation is as follows:
A customer has to buy goods and can only pay by bank transfer.

My supplier, on the other hand, wants to receive the money in cash only.

We are talking about an average volume of 80k per month.

Which solution do you think is most suitable for this type of operation?

You can find the most extensive information on this subject in Mentor Gold Group.