Re Bitfloor.

I used their service once.  Please fill me in if I'm looking at this the wrong way.

Their service seems to be extremely expensive.

The transferring of money from a cash deposit at a local Bank of America wasn't bad.  

But once the money was in my account,  I had to trade for Bitcoins, and the rate was terrible.

Our of a $500 cash deposit,  I ended up with about $440 dollars worth of bitcoins.

Whereas with BitInstant,  a cash deposit at Walmart, through ZipZap yeilded me with about $480 dollars which immediately was transferred into my MtGox account, and the trade there was at the market rate, which gave me abouit $480 worth of Bitcoins.

So even though the transfer fees through Bitfloor were low, their 'Market Rate' for buying Bitcoins was expensive.

I lost about $40 out of my $500 compared to using BitInstant and MtGox.

Am I going about this wrong?

Thanks.  Iz.