Title: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 08:58:26 PM Now I know the other site didn't get SHUT down but Paypal froze his account I have 2 and I am going to use the secondary
PLEASE donate for me taking this risk I also have no bitcoins to sell...lol but i want to start so please donate and I will sell them at a low price I have an idea that if you donate and put ur shipping address as your bitcoin address it might work i made the donation only 5 cents to see if it works and yes the site look cheesy i made it in 1 minute http://bitpal.webs.com/ Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Ricochet on June 13, 2011, 09:31:50 PM Uhhhh, I think you might be getting in way over your head here.
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Serge on June 13, 2011, 09:34:03 PM "it might work" OR it might not
Read PP's TOS carefully and remember for what reasons the other site's paypal got locked down. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Gareth Nelson on June 13, 2011, 09:42:40 PM Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account.
It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Drizzlepistol on June 13, 2011, 09:52:32 PM I say go for it! Just be very discreet and fast.
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Chick on June 13, 2011, 09:54:13 PM Now I know the other site didn't get SHUT down but Paypal froze his account I have 2 and I am going to use the secondary PLEASE donate for me taking this risk I also have no bitcoins to sell...lol but i want to start so please donate and I will sell them at a low price I have an idea that if you donate and put ur shipping address as your bitcoin address it might work i made the donation only 5 cents to see if it works and yes the site look cheesy i made it in 1 minute http://bitpal.webs.com/ @OP, not be offensive, but are you serious? Can you only make sites through webs.com or WYSIWYG services? Everything I've seen you make can be created by almost anyone. There is no background knowledge needed for creating a webs.com website. You need to have a good background knowledge of web technologies (HTML, CSS Styling, PHP, Ruby) before you even try to begin. If not, who's going to trust a limited functioning website made through a WYSIWYG service? It looks unprofessional with the ads, theme, and a donation button with no content. Not to mention the "Create a Free Website" button on the footer. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Alex Beckenham on June 13, 2011, 09:54:31 PM and yes the site look cheesy i made it in 1 minute http://bitpal.webs.com/ Awesome, I was the 999,999th visitor! Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 09:55:54 PM Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account. I have no money in my 2nd :)It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Gareth Nelson on June 13, 2011, 09:58:02 PM Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account. I have no money in my 2nd :)It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it. But you presumably will if you get customers. Customers will buy your BTC, they will pay to paypal - you send the BTC. You lose your BTC. Next, paypal freezes your account. You lose the fiat you sold that BTC for. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Serge on June 13, 2011, 09:59:09 PM Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account. I have no money in my 2nd :)It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it. and it won't be your money to risk with - genius idea! Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 09:59:44 PM Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account. I have no money in my 2nd :)It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it. But you presumably will if you get customers. Customers will buy your BTC, they will pay to paypal - you send the BTC. You lose your BTC. Next, paypal freezes your account. You lose the fiat you sold that BTC for. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 10:00:20 PM Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account. I have no money in my 2nd :)It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it. and it won't be your money to risk with - genius idea! Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: FreeMoney on June 13, 2011, 10:38:15 PM Why didn't we think of this before? Just use 2 empty PP accounts. Genius!
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 10:39:42 PM Why didn't we think of this before? Just use 2 empty PP accounts. Genius! lmaoTitle: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: onesalt on June 13, 2011, 10:41:04 PM IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED.
Hope this helps. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 10:42:22 PM IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED. but it's a donation they wont find out 0.o plus no money in my account >:)Hope this helps. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: onesalt on June 13, 2011, 10:43:55 PM IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED. but it's a donation they wont find out 0.o plus no money in my account >:)Hope this helps. Hmm yes because large amounts of money moving hands extremely quickly won't get your account automatically locked by the paypal mod-bots, nosiree. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 10:48:29 PM IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED. but it's a donation they wont find out 0.o plus no money in my account >:)Hope this helps. Hmm yes because large amounts of money moving hands extremely quickly won't get your account automatically locked by the paypal mod-bots, nosiree. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Xenland on June 13, 2011, 11:04:45 PM Yeah definably a bad time to be doing this, esspecially after another use got locked. Paypal will just be monitoring large amounts of money that are coming from unused account by now for sure. Then they'll just do a google search of your email, find out its being used for bitcoins and then lock its. Sounds stupid to me. Lose your money and others
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: tymothy on June 13, 2011, 11:17:37 PM I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing.
My advice: DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice, it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges. Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 11:19:59 PM I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing. good idea thank youMy advice: DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice, it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges. Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 13, 2011, 11:25:34 PM I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing. what do i tell them im selling if they call lolMy advice: DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice, it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges. Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better. Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Alex Beckenham on June 13, 2011, 11:50:52 PM So, do you have any bitcoins yet? I'd like 10 please.
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Xenland on June 14, 2011, 12:06:06 AM You could however have people pay for one time use memberships(or giftcards), and there will be member denominations of $10, $20,$50, $100.
In return you service them bitcoins giftcard which is more like a comoddity then a currency exchange. Id call paypal up and see if what i said will be acceptable within their terms of service. Just make sure your very clear that your selling giftcards and not straight up converting currency. OR You could start a service that hold their money for them for select peoird of time(to help those with gambling problems), and then you pay them in bitcoins at the end of the peroid scince gambling isnt a problem at this point in time with the bitcoin community in fact i read somewhere that gambling was decreasing. Again. Call paypal get a written out autborizing and have them send you a copy and you will be fine Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 14, 2011, 12:45:49 AM So, do you have any bitcoins yet? I'd like 10 please. not yet I am trying I am willing to pay someone $50 Amazon and sell my psp for bitcoins no takers...Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: yeponlyone on June 14, 2011, 12:57:15 AM well, one thing he has going for him is that paypal would assume nobody would be so dumb.
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 14, 2011, 12:59:23 AM You could however have people pay for one time use memberships(or giftcards), and there will be member denominations of $10, $20,$50, $100. So what ive done is if you become a PRO member I "reward" you with bitcoins depending on the "package" you get but I dont know how to keep the rates correct since its a fixed price, and why is everyone hating on me im risking a paypal account and im doing no harm to u guys am i? Im just trying to make it easier for people to get them,gezIn return you service them bitcoins giftcard which is more like a comoddity then a currency exchange. Id call paypal up and see if what i said will be acceptable within their terms of service. Just make sure your very clear that your selling giftcards and not straight up converting currency. OR You could start a service that hold their money for them for select peoird of time(to help those with gambling problems), and then you pay them in bitcoins at the end of the peroid scince gambling isnt a problem at this point in time with the bitcoin community in fact i read somewhere that gambling was decreasing. Again. Call paypal get a written out autborizing and have them send you a copy and you will be fine Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Xenland on June 14, 2011, 01:43:37 AM You could however have people pay for one time use memberships(or giftcards), and there will be member denominations of $10, $20,$50, $100. So what ive done is if you become a PRO member I "reward" you with bitcoins depending on the "package" you get but I dont know how to keep the rates correct since its a fixed price, and why is everyone hating on me im risking a paypal account and im doing no harm to u guys am i? Im just trying to make it easier for people to get them,gezIn return you service them bitcoins giftcard which is more like a comoddity then a currency exchange. Id call paypal up and see if what i said will be acceptable within their terms of service. Just make sure your very clear that your selling giftcards and not straight up converting currency. OR You could start a service that hold their money for them for select peoird of time(to help those with gambling problems), and then you pay them in bitcoins at the end of the peroid scince gambling isnt a problem at this point in time with the bitcoin community in fact i read somewhere that gambling was decreasing. Again. Call paypal get a written out autborizing and have them send you a copy and you will be fine Again just a theory, i don't speak for all of the bitcoin users here Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: tymothy on June 14, 2011, 01:49:50 AM I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing. what do i tell them im selling if they call lolMy advice: DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice, it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges. Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better. Say you're selling collector coins. It's right...technically, right? Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 14, 2011, 01:54:35 AM I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing. what do i tell them im selling if they call lolMy advice: DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice, it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges. Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better. Say you're selling collector coins. It's right...technically, right? Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Anonymous on June 14, 2011, 01:56:47 AM You don't even have a business plan. You people suck as entrepreneurs.
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 14, 2011, 01:58:43 AM You don't even have a business plan. You people suck as entrepreneurs. I just thought of this a couple of hours ago...Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: Serge on June 14, 2011, 02:05:48 AM You don't even have a business plan. You people suck as entrepreneurs. hey Atlas, thank you for removing that banner from your signature, it was cool at first, but then it was a bit too much Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: TheBitMan on June 14, 2011, 02:31:39 AM I have an idea all set out I will set up the pages tomorrow... great idea! To long to do now though nite!
Title: Re: Paypal for bitcoins....I'm gonna try and make THE site Post by: tehcodez on June 14, 2011, 02:34:31 AM Desperate much?
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