Bitcoin Forum

Hello, I'm new to bitcointalk but I have some rep on Paxful as a vendor. I accept Zelle as a payment making buyers giving me photos of them ho,ding their IDs and notes saying their making the purchase and its nonrefundable etc. I was wondering why Zelle is seen as an unsafe payment method, from my research people said zelle doesn't have a dispute system so that must surely make it safe right ? anyway what is it that makes it unsafe. or is it only unsafe when the zelle is not linked to a bank account. Is there a way to check the name of the zelle account owner and whether it's linked to a bank account ? Thanks in advance  for your responses !

EDIT : I would also like to know if Skrill is safe, how safe, and how I can make it more safe for me or completely irreversable. And what about applepay should I consider taking this method or is it a complete no on ApplePay.

According to this answer  (https://money.stackexchange.com/questions/86920/can-a-zelle-bank-transfer-be-reversed-or-denied-after-credit-has-been-added/87298#87298)(and Zelle's website), It's irreversible but these Reddit posts says otherwise[1][2][3]. I haven't used it before but from my understanding, the Zelle won't allow you to do do a chargeback but your bank would.

As for Skrill, It's basically the same thing. It all depends on the used payment method to fund the account. If I fund my account using BTC for example, I won't be able to do a chargeback but If I used a credit card, then it's possible. To be safe, just ask the people you're dealing with to show you a proof of the origin of their funds.

[1] https://www.reddit.com/r/localbitcoins/comments/bausfd/zelle_chargeback_452019/
[2] https://www.reddit.com/r/localbitcoins/comments/8y7bym/zelle_scam_chargeback_after_weeks/
[3] https://www.reddit.com/r/localbitcoins/comments/asy7am/zelle_chargeback_scam/

It is advisable to avoid this app services since there are other safe alternatives. there are many negative report about this company online:

https://www.nbcnews.com/business/consumer/instant-fraud-consumers-see-funds-disappear-zelle-account-scam-n1015736

https://twocents.lifehacker.com/watch-out-for-zelle-scams-1825526486

https://clark.com/personal-finance-credit/zelle-scams

Skrill is good and have some outstanding reputations.

When two or more people chose not to trust a service, its time to begin to evaluate the deal of that platform. While it might not be out-rightly right that people are avoiding that platform because of trust, it might be that because a lot of people have not heard about it and when you have not heard of used the service, it becomes difficult to issue an opinion albeit negative one.

For the other alternatives that you might be considering, what you need to ask yourself is why their platform is not saturated with people transacting with crypto and the simple reason to that is because they are not exclusively accepting crypto transactions as they can lock out an account even with funds locked so my suggestion is to stick to your Paxful that have made the available an escrow system and a dispute resolution to resolve when it arises.