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Title: Gift cards with paypal , a possible solution to chargebacks ? Post by: jambola2 on June 02, 2014, 05:08:42 PM Couldn't you just buy a gift card with paypal and then sell it for BTC ?
This could possibly need an escrow , but would stop chargebacks in the long term. Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/) They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin. Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC. Title: Re: Gift cards with paypal , a possible solution to chargebacks ? Post by: CEG5952 on June 02, 2014, 05:55:34 PM Couldn't you just buy a gift card with paypal and then sell it for BTC ? This could possibly need an escrow , but would stop chargebacks in the long term. Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/) They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin. Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC. If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC. Title: Re: Gift cards with paypal , a possible solution to chargebacks ? Post by: jambola2 on June 02, 2014, 06:06:56 PM Couldn't you just buy a gift card with paypal and then sell it for BTC ? This could possibly need an escrow , but would stop chargebacks in the long term. Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/) They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin. Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC. If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC. We would be buying this gift card from a reputed third-party so how would that happen ? If what you are saying is right , won't people be reporting amazon and getting a free refund on any goods ? Title: Re: Gift cards with paypal , a possible solution to chargebacks ? Post by: b!z on June 04, 2014, 09:16:33 AM Couldn't you just buy a gift card with paypal and then sell it for BTC ? This could possibly need an escrow , but would stop chargebacks in the long term. Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/) They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin. Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC. If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC. We would be buying this gift card from a reputed third-party so how would that happen ? If what you are saying is right , won't people be reporting amazon and getting a free refund on any goods ? How does the buyer know the giftcard is purchased legitimately? Giftcards can be cancelled for fraud too. Title: Re: Gift cards with paypal , a possible solution to chargebacks ? Post by: SOAD on June 04, 2014, 10:13:21 AM I don't think there's any legit way to use paypal safely. There's even ways paypal protects scammers now.
Title: Re: Gift cards with paypal , a possible solution to chargebacks ? Post by: CEG5952 on June 04, 2014, 05:37:33 PM Couldn't you just buy a gift card with paypal and then sell it for BTC ? This could possibly need an escrow , but would stop chargebacks in the long term. Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/) They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin. Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC. If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC. We would be buying this gift card from a reputed third-party so how would that happen ? If what you are saying is right , won't people be reporting amazon and getting a free refund on any goods ? If you trust the third party seller, there is no issue. But if you are dealing P2P, say, on the forum, and don't know the other party, Paypal is dangerous. Title: Re: Gift cards with paypal , a possible solution to chargebacks ? Post by: d2dtk on June 06, 2014, 05:02:01 PM Paypal is almost never going to be favorable for bitcoin use unfortunately they side with the scammers/liars all too much.
Title: Re: Gift cards with paypal , a possible solution to chargebacks ? Post by: CEG5952 on June 06, 2014, 06:22:25 PM Paypal is almost never going to be favorable for bitcoin use unfortunately they side with the scammers/liars all too much. Are you sure about that? You know Paypal is owned by Ebay, right? Check this out: Bitcoin key to future of online payments: EBay CEO (http://www.cnbc.com/id/101734293) Never say never. :P |