Bitcoin Forum

Other => Beginners & Help => Topic started by: ludacrix on January 07, 2014, 05:37:12 PM



Title: Sell BitCoins Via Paypal
Post by: ludacrix on January 07, 2014, 05:37:12 PM
Title says :)


Title: Re: Sell BitCoins Via Paypal
Post by: Coolstoryteller on January 07, 2014, 05:52:54 PM
I wouldn't suggest that. Selling/buying digital currency is against paypal's TOS and they'll reverse the funds at the request of the sender.


Title: Re: Sell BitCoins Via Paypal
Post by: 93under93 on January 07, 2014, 06:53:46 PM
It's so easy for a person to claim they were hacked and didn't make the transaction. I've heard stories of folks even getting phone calls from PayPal asking if they'd like to dispute because it was suspicious. I sold some dogecoin on eBay and I got lucky.

I have heard that if you're going to use PayPal, at least use the send as gift option.


Title: Re: Sell BitCoins Via Paypal
Post by: R0yalAir on January 08, 2014, 02:00:32 AM
sellers should be aware that PayPal carries a chargeback risk


Title: Re: Sell BitCoins Via Paypal
Post by: Dannie on January 08, 2014, 06:19:36 AM
It is not really a good way to sell bitcoin due to possible chargeback.


Title: Re: Sell BitCoins Via Paypal
Post by: bstone108 on January 08, 2014, 06:25:41 AM
paypal really needs option to overide chargeback.  example,  you send a payment,  you choose option to bypass chargeback,  basically you forgo the right to recall the transaction.  This would require phone calls and identity confirmation and probably should be limited to accounts that have like two factor auth setup.  Both parties should be notified that sender has given up right to chargeback for this transaction.

Probably not the best solution,  but it would solve many problems.  Better would be if they held a bitcoin escrow for selling. Chargeback not allowed once escrow is released.


Title: Re: Sell BitCoins Via Paypal
Post by: chrissibel on January 08, 2014, 08:07:53 AM
No what they should do is verify BTC transactions via Blockchain.info. I for one have almost been screwed by someone selling BTC and never sent them yet told paypal he did. I had to jump through hoops just to get my $ back from this stupid scammer.


Title: Re: Sell BitCoins Via Paypal
Post by: jonanon on January 08, 2014, 08:09:56 AM
I'd love to be able to buy BTC with paypal without any hassle it's so much easier than any other payment method and quicker too  :(


Title: Re: Sell BitCoins Via Paypal
Post by: Ox on January 08, 2014, 08:38:11 AM
It is not really a good way to sell bitcoin due to possible chargeback.
I agree.
If in any case, PayPal should be sent first as BTC isn't reversible.


Title: Re: Sell BitCoins Via Paypal
Post by: homealone on January 08, 2014, 08:51:34 AM
Title says :)


I can do this with you, but for less amount..