Bitcoin Forum

Wanting to buy about 18 bitcoin for ~75USD dollars. Willing to do multiple transaction through paypal to reduce your risk. Unfortunately I dont have an OTC record since I normally use CAVIRTEX but they take minimum of 2 days to process bank withdrawl(more like 72 hours)
Please PM

The only way to reduce risk is to wait 45 days between transactions.  Before this, the buyer can reverse the transaction.

not true you can send as gift which is non refundable

Unless the buyer mentions bitcoins and Paypal freezes your fund for violating their terms of service.  I'm not saying it won't work out sometimes, but I'll leave that risk for others to take.

you can still say your account got hacked

Yep no such thing as non-reversible with paypal, you can cry hacked account/credit card 6 months later and they WILL reverse the charge!!!

bak3donh1gh, please try to buy via Express Purchase at www.centraw.com
It is newly open service. Welcome to be the first buyer.

Back again just to warn people away from bayer at the email address: thebtcking1@yahoo.de He is a SCAMMER

you got scammed by him too? :/ he sucks but that website the other guy sed centraw or somin looks and sounds legit, buying a small amount now for paypal so will tell u how it goes

Interesting, just tried to buy using paypal at centraw.com
Did two different small transactions ($3 and $5)
Price was $5.882353 per BTC
I will let you know if/when they arrive in my wallet

Stn,  are you prepared for a massive number of charge backs as people scam you (not me by the way)?

First transaction worked (0.51 BTC for $3 to 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ)

http://blockexplorer.com/tx/c76e5b7aa6f107c797ebe9cfc08cd18eb172621ba13a5208a979090aaba323ec

yeah centraw.com looks interesting, though im not too enthused about the ~15% markup

yeah tell me about it its like $20 to buy 3 btc better than nothing tho :(

lets hope it works after coinpal i have no hopes of buying btc>paypal

Yeah its highway robbery I'm suspecting what will happen is they'll try to make as much money as possible off it before paypal shuts them down. 5% I could see as reasonable.

Guys, yes it is more expensive and we all know why. It is not the main method to buy loads of BTC. Do you complain that in grocery down the corner one unit of the product cost higher then in Makro's big bulk somewhere uptown?

Pay with any other irreversible money and you can get your BTC for 1% or even less.

My second purchase was held up by their payment processor (not PayPal - PayPal sent the funds) but I think I know why.  They may check the IP address and/or the PayPal address against the Bitcoin address to make sure they match.  I tried to use two different Bitcoin payment addresses from the same IP and PayPal account and that (I think) is why my second order got flagged and is being held up for manual processing.

I think if you use the same payment address and PayPal account for all orders from the same IP you should be ok (maybe).  At any rate the first order worked like a charm and I am now waiting for them to release the funds for the second order.

I have made a third order from the same IP/PayPal but I used the Bitcoin payment address that worked the first time - will let you know how that goes.

All of my purchases finally went through!

So, for now, until they get shut down by PayPal, it appears that this system does work.

WARNING:  I now think that the reason I am having so much trouble with their system and the reason some of my transactions are flagged by their fraud detection is that I did not always complete the PayPal portion of the transaction.  In other words, in order to make sure your future transactions sail through you must always complete the PayPal part of any transaction once you start it.  If you bail out before sending them the money from PayPal then it leaves an "unfinished transaction" in their system and subsequent transactions get held up by the unfinished one.

The way the system works is that you go to http://www.centraw.com (http://www.centraw.com) and then click on the big box on the right.
This takes you to this page:  http://www.centraw.com/?page=express  (http://www.centraw.com/?page=express)
On this page you enter you payment address.  If you want me to get the coins then please enter 1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ :)
Press the "Submit Query" button
Select your payment method - there are, count them, 10 different ways to pay but please note that I only tested PayPal.

Make your selection for the number of BTC you want to buy.  Price as of this writing is $6.25 per BTC (ouch! but may be worth it to you).

Press the "Buy Bitcents" button - this will open a second window taking you to PayPal.

Be sure to complete the transfer from your PayPal account.

Wait for your BTC.

I also tried that site and I'm very impressed with how easy the transaction went. I hope the owner finds a way to keep it this site around for some time.

Maybe they are getting around the PayPal "ban" on Bitcoin transactions by only selling "Bitcents"  :D

One thing is that because they are going through the paymentwall service to get to PayPal I guess technically it is paymentwall that has to deal with PayPal, right?

We should start a pool over in the gambling section on how long it will take PayPal to notice this system and freeze them out.

BTW their price has now gone up to $7.14 per BTC!  So, I have run my last test on this system as it is costing me too much to test it.

was his real name rene engfer ? (at paypal) was scammed by him too... paypal says his name is rene engfer....

https://bitcointalk.org/index.php?topic=58804.0

Regards

Crypto X Change