|
Title: This what happen when you sell bitcoin for Paypal Post by: Anarchy101 on November 07, 2015, 03:35:07 PM https://localbitcoins.com/forums/#!/fraud:paypal-fraud-fatalerror
No sell bitcoin for Paypal. This happen to you eventually. Title: Re: This what happen when you sell bitcoin for Paypal Post by: bitcoin revo on November 07, 2015, 03:53:22 PM We've given everyone warning after warning after warning. Theymos even created a sticky thread for people to read to avoid PayPal/other reversible payment methods; but do most people listen? No.
Title: Re: This what happen when you sell bitcoin for Paypal Post by: hedgy73 on November 07, 2015, 05:59:50 PM Not everyone that buys BTC with Paypal is a scammer.
I've bought lots and have no intention of ripping anyone off. As long as you deal with a reputable member with good trust you should be ok. Deal with newbies or people without good trust and you're asking for trouble. Use common sense and you should be alright. If in any doubt deal in smaller amounts with several different people. Title: Re: This what happen when you sell bitcoin for Paypal Post by: HarryKPeters on November 07, 2015, 06:38:33 PM BTC trading by unofficial channels is way to risky. Accept that.
It's a scammers paradise. Just use official channels and accept the extra cost involved. Benefit from the security that come with it. Title: Re: This what happen when you sell bitcoin for Paypal Post by: BayAreaCoins on November 07, 2015, 06:41:32 PM I've been buying Bitcoin with Paypal for years and none of my customers have ever had an issue.
If there ever was an issue I'd do everything in my power to get them sorted out. You have to remember that people can buy stolen Paypals on the backside of the web for Bitcoin at 10-25% face value of the account. Stick with namefags that have a history of good trading and making sure people are taken care of. Way more bad apples in the barrel than good apples at this point without a doubt. Title: Re: This what happen when you sell bitcoin for Paypal Post by: erikalui on November 07, 2015, 07:01:44 PM I've been dealing with PayPal for the past 5 years and the fact I've never been charged back is because I've always dealt with only trusted people. If you use trusted exchangers like xmlgold or trade with reputed members of the forum, chances are very less than the cash will be chargedback. It's not only bitcoins but trading for any digital good/product can be chargedback via PP and hence even ebay had stopped users from selling their ebooks/egift cards and they deleted my listing when I wanted to sell my ebook for PP. Localbitcoins also is a trusted site but you need to deal with trusted buyers and not newbies or people with less reputation.
Title: Re: This what happen when you sell bitcoin for Paypal Post by: OrientA on November 07, 2015, 08:56:30 PM We should only accept Paypal when dealing reputable people. There are too many scammers out there. It is too risky to accept reversible Paypal.
I only accept Paypal when I sell on Ebay as there is sell's protection there and Ebay acts as a kind of escrow. Title: Re: This what happen when you sell bitcoin for Paypal Post by: mistercoin on November 08, 2015, 05:17:49 AM https://localbitcoins.com/forums/#!/fraud:paypal-fraud-fatalerror No sell bitcoin for Paypal. This happen to you eventually. Yeah, you really gotta watch out selling anything virtual with Paypal. The only times I have used it, were well respected members on the forum, or someone I knew. Way too risky otherwise. Title: Re: This what happen when you sell bitcoin for Paypal Post by: Amph on November 09, 2015, 07:16:23 AM use coinimal for this kind of thing, i thing they have a better protection, i would trust them more than localbitcoin
Title: Re: This what happen when you sell bitcoin for Paypal Post by: Spoetnik on November 09, 2015, 09:14:48 AM https://localbitcoins.com/forums/#!/fraud:paypal-fraud-fatalerror No sell bitcoin for Paypal. This happen to you eventually. i have told my story here lots.. https://bitcointalk.org/index.php?topic=1238389.msg12926951#msg12926951 btc + paypal violates their tos Quote We have reviewed your PayPal account and found that you have been involved in the sale of electronic media exchange (such as electronic money or digital currency). Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used for currency exchange including the sale of BitCoins. To continue using your PayPal account, we need some additional information from you. Keep in mind that we have placed a limitation on your PayPal account, and this limitation will remain until we receive and review this information. Please provide us with a signed and notarized affidavit stating that you understand and will comply with PayPal’s terms and conditions. The affidavit should include the following language. You can simply copy and paste the text below to a blank document and then print it for signature and notarization: I, the undersigned, do affirm that I understand and will comply with PayPal's policy regarding the use of PayPal accounts to sell electronic currency. I understand that PayPal may not be used for the exchange of electronic currency. I further affirm that any future violation of the policy may result in immediate restricted access to the account. Next Steps: After you sign and notarize the affidavit, please log in to your account and go to the Resolution Center for further instructions on how to send us the document. Your account will remain limited until the issue is resolved. We look forward to hearing from you and thank you for choosing PayPal as your payment provider. Sincerely, Robert PayPal Compliance Department PayPal, an eBay Company Please do not reply to this email address as it is not monitored and we will not receive your response. You can get in touch with us by clicking "Contact Us" at the bottom of any PayPal page. Copyright © 1999-2013 PayPal. All rights reserved. Title: Re: This what happen when you sell bitcoin for Paypal Post by: DaddyMonsi on November 09, 2015, 09:18:42 AM You just need to be selective in Bitcoins for Paypal deal, I've seen several users here with successful feedback due to a successful transaction for Bitcoin for Paypal. No offense to the newbies but never trust those ranks for Paypal.
Title: Re: This what happen when you sell bitcoin for Paypal Post by: gkv9 on November 09, 2015, 12:52:01 PM You just need to be selective in Bitcoins for Paypal deal, I've seen several users here with successful feedback due to a successful transaction for Bitcoin for Paypal. No offense to the newbies but never trust those ranks for Paypal. You are right, even I had many PayPal trades before and I never had a chargeback from anyone... @OP, you just need to get a right partner in order for the trade to become successful, else you might get scammed again and again as online wallets are much risky way to redeem your coins... Title: Re: This what happen when you sell bitcoin for Paypal Post by: moneyflow on November 09, 2015, 01:20:22 PM I've been dealing with PayPal for the past 5 years and the fact I've never been charged back is because I've always dealt with only trusted people. If you use trusted exchangers like xmlgold or trade with reputed members of the forum, chances are very less than the cash will be chargedback. It's not only bitcoins but trading for any digital good/product can be chargedback via PP and hence even ebay had stopped users from selling their ebooks/egift cards and they deleted my listing when I wanted to sell my ebook for PP. Localbitcoins also is a trusted site but you need to deal with trusted buyers and not newbies or people with less reputation. True that. Deal with a trusted site and try avoiding newbies as much as you can. Your BTCs are safe as long as you trade in smaller amounts with a number of people rather than bulk dealing with an individual. Common sense can do wonders!Title: Re: This what happen when you sell bitcoin for Paypal Post by: erikalui on November 09, 2015, 03:26:16 PM I've been dealing with PayPal for the past 5 years and the fact I've never been charged back is because I've always dealt with only trusted people. If you use trusted exchangers like xmlgold or trade with reputed members of the forum, chances are very less than the cash will be chargedback. It's not only bitcoins but trading for any digital good/product can be chargedback via PP and hence even ebay had stopped users from selling their ebooks/egift cards and they deleted my listing when I wanted to sell my ebook for PP. Localbitcoins also is a trusted site but you need to deal with trusted buyers and not newbies or people with less reputation. True that. Deal with a trusted site and try avoiding newbies as much as you can. Your BTCs are safe as long as you trade in smaller amounts with a number of people rather than bulk dealing with an individual. Common sense can do wonders!I don't think trading in smaller amounts is needed when you deal with a trustworthy user. If you know the user and he has a good reputation on the forum, you can deal an amount as big as 2-3 BTC as well. However, on exchange websites the amount should be small. Title: Re: This what happen when you sell bitcoin for Paypal Post by: Spoetnik on November 10, 2015, 09:01:54 AM You guys don't know what your talking about..
The last guy said.. Quote However, on exchange websites the amount should be small. Ya well, The minimum withdrawal at BTC-E for example (when i used it last) was $2,500 usd Your Paypal account will get flagged.. trust me. I have been hearing the same stupid advice from you all since late 2012 and i am tired of it.. smarten up guys. Stop telling people to do it and cross your fingers.. smarten up ! Title: Re: This what happen when you sell bitcoin for Paypal Post by: maokoto on November 10, 2015, 02:42:03 PM I used localbitcoins once. Exchanged some BTC for 9$ paypal. No problem for me.
Title: Re: This what happen when you sell bitcoin for Paypal Post by: Mickeyb on November 10, 2015, 10:31:35 PM I used localbitcoins once. Exchanged some BTC for 9$ paypal. No problem for me. You have probably traded with a reputable trader that had no interest to do a chargeback on you. It's different when you have unknown people buying bitcoins for Paypal. Even birds on the trees know until now that PayPal should be absolutely avoided. I would trust a Paypal transaction only if I know where the guy lives that I trade with and I know him personally. But in this situation, I wouldn't even need PayPal to do a trade! The essential is to stay away from PayPal! Title: Re: This what happen when you sell bitcoin for Paypal Post by: Spoetnik on November 11, 2015, 03:09:38 AM I used localbitcoins once. Exchanged some BTC for 9$ paypal. No problem for me. You have probably traded with a reputable trader that had no interest to do a chargeback on you. It's different when you have unknown people buying bitcoins for Paypal. Even birds on the trees know until now that PayPal should be absolutely avoided. I would trust a Paypal transaction only if I know where the guy lives that I trade with and I know him personally. But in this situation, I wouldn't even need PayPal to do a trade! The essential is to stay away from PayPal! It's against their TOS so it has nothing to do with trusting people.. If they catch you kiss your account + money buy. And this could also be delayed.. You do trades then later you wind up in trouble after the fact. It's against their TOS ..i think i need to keep repeating that ::) |