Bitcoin Forum

If Bitcoin is now classed as a commodity, does that mean it is now not against PayPal's TOS to sell Bitcoin through PayPal?
I have sent them a question to that regard and yet to hear from them. So perhaps someone here may have that answer?

You mean eBay?  I thought Paypal is a payment service

Thats right.. Paypal is a payment service and can be used to buy Bitcoin

Yeah, let me know if you're going to sell bitcoin with paypal.

I'll buy everything you got at $1000 / coin.

I promise there won't be any chargebacks.  ::)

Well if it turns out that selling Bitcoin is not against the TOS, you may well not be able to do a chargeback, as the transaction would be on the Blockchain as proof that a commodity was sold.

Because you know, nobody ever uses a stolen paypal account/credit card on the internet.

No it is still a horrible idea.
Accept PayPal and you will lose money and probably lose your account.

Yeah.. basically if you take paypal from someone for bitcoin, you should also be willing to send them bitcoin up front while they mail you a check for it.

You need THAT level of trust to accept paypal for bitcoin.

Im not arguing on the problems with PayPal.

Its more of a reference to the USA announcing that Bitcoin is a commodity. If so then is it against PayPals TOS.
Does it also open the doors with ebay as well?

Another thing to note is that when the US classed Bitcoin as a commodity, Ross Ulbricht may also escape his money laundering accusation, as the law does not claim bitcoin as a currency. Perhaps he will be charged with commodity laundering.

As long as PayPal payments are reversible it will be very risky to sell BTC for PayPal.  There are better options.

Did he launder USD or BTC?  If he used BTC to launder USD then it's still money laundering.

I don't know anything about PayPals TOS or Ebays for that matter.  But as private companies they can do set whatever terms suits them as long as the terms don't conflict w standing trade laws.

eBay/Paypal both hate BTC as it is competition for their business. If there is any dispute on your transaction the customer service rep will do his best to ass fuck you the second he hears bitcoin, litecoin, miner, ASIC etc. Find or become a reputable seller and look at other payment options. Transferwise sounded pretty slick providing you have a trusted seller with good reviews. 

Don't accept paypal for buying and selling of Bitcoins.It will create trouble for you and your account gets locked.

Even if the buyer is not going to cheat you, Paypal will definitely ban your account and freeze your funds. Forget it. Not worth the risk.

I sold a ton of litecoins on ebay but thy where paper wallet ones but the  they stopped me lucky I never got scamed

I did the same thing. Except for that scammed part...I got scammed good.  :-\

Stay away far far away from PayPal and eBay if you are using cryptos.

They are not even real companies, they are mafia orientated organisation that really really dislike cryptos of all forms.

Normally paypal is against all other payment systems. They don't allow to exchange with other payment systems. That is why they started to ban bitcoin users. It is better to avoid paypal in bitcoin transaction.

Paypal is a private financial company and they can unfortunately in most cases do whatever the fuck they like, much like bank have outright frozen and attacked Bitcoin users despite there not necessarily being any clear laws against Bitcoin use.

Really?any such instances  so far?

+1

Lot of instances. Just search here in BT itself. You'll be able to find dozens of threads on PP / Ebay banning users who have dealt with BTCs.

This one speaks the truth. Paypal, like all governments and corporations, is notoriously anti-competitive.

"The only thing a capitalist hates more than a communist is a competitor."

I agree not that is treated like a products when u sent them the coins u should also mail them paperwallet  so you can have proof of tracking, just to protect yourself.

If you do everything according to Paypal rules the above situation is covered.   A seller is not responsible for hacked paypal account activity, never was.

Paypal will try to skirt any issue with no compliance, if not with the buyer then with the seller, whatever they can't skirt they will absorb if not big enough to pass on to insurance.   

Well it is USA problem. There are other countries.

Bitcoin is used on internet so people from USA can easily you use for services and products "positioned" oversees.

Still they might not cancel it because it's bitcoin related but if you involve paypal and any dispute is filled against you. they will most likely be refunded even if you provide proofs that you delivered.

how about buy BTC using paypal?
many ppl fear about selling BTC for paypal, this is because paypal reversible payment and buyer can easily dispute you.

Is anyone still selling using ebay and paypal on here?

how can you not use ebay? you can find anything there