Bitcoin Forum

Economy => Trading Discussion => Topic started by: pheaonix on December 22, 2013, 10:25:04 PM



Title: why are you guys using paypal
Post by: pheaonix on December 22, 2013, 10:25:04 PM
seriously i am not understand


Title: Re: why are you guys using paypal
Post by: gogodr on December 23, 2013, 12:12:04 AM
Some of us live in countries where there is no other method.
I tried using wester union once, but to send 50$ I had to pay 20$ extra.
so WU is a no go.
Paypal is easy to setup with a VISA debit account and makes things safe, easy and cheap for the paypal user.
Doing international wire transfers have commissions up to 20% and extra for converting currencies.
Some other e-wallets ask for phone verification. This is a problem in peru, since most of those companies use international call centers that for some reason are banned in my country. (Google phone verification works without trouble as an example of a company that doesn't use said call centers)

So yea... paypal is pretty much the only method to move money in some cases like mine.


Title: Re: why are you guys using paypal
Post by: Treggar on December 23, 2013, 12:45:27 AM
Because PayPal is easy, cheap, convenient, and not everyone in the world is a scammer


Title: Re: why are you guys using paypal
Post by: Light on December 23, 2013, 12:47:38 AM
Because PayPal is easy, cheap, convenient, and not everyone in the world is a scammer

Only 99.99% are lol. Paypal is primarily used because of its ease of use, lower fees and the fact that it can be used by scammers to chargeback. There are very few people left who actually are trustable enough to do a PP trade.


Title: Re: why are you guys using paypal
Post by: realestone on December 23, 2013, 12:49:25 AM
i dont use paypal its too easy for the buyer to scam the seller has no protection i dont see why anyone would accept paypal for btc but thats just my opinion


Title: Re: why are you guys using paypal
Post by: Kinderachtig on December 23, 2013, 05:29:50 PM
I did about 10 paypal transactions for btc, got scammed only first 2 times. Its easy to pick out the scammers now.

I have bought and sold 8 succesful transactions.


Title: Re: why are you guys using paypal
Post by: Blazed on December 23, 2013, 05:34:19 PM
I use PayPal all the time... if both parties are legit it works fine.


Title: Re: why are you guys using paypal
Post by: ZooKeeper74 on December 24, 2013, 07:58:23 AM
I'm leary to even buy btc with paypal because you hear so much about chargebacks, that I'm paranoid anyone actually accepting paypal from strangers/low feedback traders must have some type of scam in mind themselves.  Obviously not the case but my luck has been bad dealing with individuals.  Lots of traders I've bought from on btc-otc,with hundreds of positive feedbacks, ran off with dozens of thousands only weeks later..  You never know.

If you pay with paypal, never receive your coins, youre NOT going to get any refund after the paypal account is cleared out.  Paypal recovered 56 cents for me once on a 300 dollar scam...