Bitcoin Forum

Economy => Trading Discussion => Topic started by: AlexMercer007 on October 27, 2015, 02:07:36 PM



Title: How to use escrow when buying bitcoins with paypal?
Post by: AlexMercer007 on October 27, 2015, 02:07:36 PM
I found someone selling bitcoins in cheap prices. I'm about to buy some using paypal but he is asking me to send the money first. So will escrow protect me if he is a scammer? Both me and the seller are not in US, still will escrow help or if escrow doesn't support paypal transactions in other countries than US. Can I still file a dispute and get my money back if I got scammed? Thanx

Edit :- It seems that escrow only support paypal transaction which both buyer and seller are US residents.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: jt byte on October 27, 2015, 02:15:15 PM
Well you should ask the escrow about his paypal account.
Where is he from, does it has the paypal verified, is he able to send money etc..
If the escrow is untrusted then you are going to be scammed.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: ranochigo on October 27, 2015, 02:17:46 PM
I found someone selling bitcoins in cheap prices. I'm about to buy some using paypal but he is asking me to send the money first. So will escrow protect me if he is a scammer? Both me and the seller are not in US, still will escrow help or if escrow doesn't support paypal transactions in other countries than US. Can I still file a dispute and get my money back if I got scammed? Thanx
If you're the buying BTC using Paypal, a trustable escrow would protect you from the seller not sending your BTC. However, no escrow would be beneficial towards the seller as the buyer can chargeback. Vice versa. You can file a dispute but it is not garunteed to succeed as (IIRC) PayPal does not protect transactions associated with cryptocurrencies.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: hoian0809 on October 27, 2015, 02:19:31 PM
I don't know it can help you. Local Bitcoins has an option for this. You will interact directly with another seller.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: mexxer-2 on October 27, 2015, 02:19:38 PM
Well you should ask the escrow about his paypal account.
Where is he from, does it has the paypal verified, is he able to send money etc..
If the escrow is untrusted then you are going to be scammed.
OP is the one paying for BTC with PP.
@OP this is the second thread asking for the same thing, nevertheless if the other person is surely a scammer or someone who still doesn't know that PP is highly reversible. Just withdraw it to your bank and buy BTC from either cash or Interac transfer or something like that.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: AlexMercer007 on October 27, 2015, 02:33:30 PM
The sellers only details I have.

PayPal address:- rimkeviciusebay@gmail.com
Blockchain address:- 1J37CY8hcdUXQ1KfBhMCsUVafa8XjDsdCn

Facebook:- https://www.facebook.com/profile.php?id=100001891706849


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: RodeoX on October 27, 2015, 02:35:33 PM
Selling money cheap? Lol, you are going to get scammed.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: jt byte on October 27, 2015, 02:36:33 PM
The sellers only details I have.

PayPal address:- rimkeviciusebay@gmail.com
Blockchain address:- 1J37CY8hcdUXQ1KfBhMCsUVafa8XjDsdCn

Facebook:- https://www.facebook.com/profile.php?id=100001891706849

Well ok, i checked his paypal account and it says is verified
rimkeviciusebay@gmail.com is PayPal Verified
https://www.paypal.com/us/verified/pal=rimkeviciusebay@gmail.com
Deal at your own risk, i don't know this escrow, never heard about him.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: AlexMercer007 on October 27, 2015, 03:08:19 PM
Yes it's verified. And his blockchain acc has more than 1000 btc. But don't if it's really his.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: mexxer-2 on October 27, 2015, 03:14:15 PM
Yes it's verified. And his blockchain acc has more than 1000 btc. But don't if it's really his.
99.99% sure its not his, for verification ask him to sign a message from it.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: Mickeyb on October 27, 2015, 10:03:31 PM
It's simple, you send money and 99% you will get scammed. Why would someone sell BTCs cheaply and under the market price if he can get more money elsewhere?

Only way you will get protected is if he sends first which he probably won't do by saying that you can always chargeback or if you use an escrow (he sends coins to the escrow) but I doubt he will do this as well.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: BTCBinary on October 28, 2015, 01:38:17 PM
What is the best options to recharge my PayPal account just by using Bitcoin? I have heard that PayPal is very unfriendly towards BTC and that if they find out about these deals they will most likely freeze your account. any ideas?


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: RodeoX on October 28, 2015, 01:40:08 PM
What is the best options to recharge my PayPal account just by using Bitcoin? I have heard that PayPal is very unfriendly towards BTC and that if they find out about these deals they will most likely freeze your account. any ideas?
Yes. Satoshi and I have an idea. Spend bitcoins instead of PP.


Title: Re: How to use escrow when buying bitcoins with paypal?
Post by: AlexMercer007 on October 28, 2015, 03:43:23 PM
The seller verified his blockchain account.