Bitcoin Forum

Economy => Currency exchange => Topic started by: yo29787 on October 02, 2014, 01:48:52 PM



Title: Buying BTC with PP
Post by: yo29787 on October 02, 2014, 01:48:52 PM
I have done the required reading and am well aware that I may get flamed for this, but here goes.

I am looking to buy BTC with my Paypal account (verified business account).  I am willing to use escrow services and will provide all KYC documentation required.

Please feel free to contact me if you want to have a chat about this.  PM me and I will send you my contact details.  I am available by email, skype, whatsapp and of course, pm.

Many thanks

Yo29787


Title: Re: Buying BTC with PP
Post by: redsn0w on October 02, 2014, 01:51:12 PM
I have done the required reading and am well aware that I may get flamed for this, but here goes.

I am looking to buy BTC with my Paypal account (verified business account).  I am willing to use escrow services and will provide all KYC documentation required.

Please feel free to contact me if you want to have a chat about this.  PM me and I will send you my contact details.  I am available by email, skype, whatsapp and of course, pm.

Many thanks

Yo29787

Do you have any other method of payment , paypal is not *secure* ( because you can do chargeback) .

Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.

This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.

Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)


Title: Re: Buying BTC with PP
Post by: olocun on October 02, 2014, 01:59:41 PM
If anyone wants to buy Have to Take into Account the following, the escrow not Protect Anything


Title: Re: Buying BTC with PP
Post by: yo29787 on October 02, 2014, 02:01:37 PM
I do use other means of payment (WU, bank transfer etc) but since I live outside of the US and Europe, its not terribly practical for me.  WU fees are painfully expensive and International SWIFT transfers, painfully slow.  Which is why I have a preference for Paypal.

I am aware that as a newbie, I may not have the level of trust required.  I am also aware that escrow by and of itself is not sufficient

That's why  I will go first and provide all KYC info through pm/email/skype etc.    Hopefully all those things together will be sufficient to build trust.

Cheers

Yohaness


Title: Re: Buying BTC with PP
Post by: Reynaldo on October 02, 2014, 02:33:07 PM
WHY dont YOU use CIRCLE?

www.circle.com

instead of providing us with your information buy there with your CC.. ffs


Title: Re: Buying BTC with PP
Post by: clubminer on October 02, 2014, 05:56:36 PM
using escrow with paypal useless.


Title: Re: Buying BTC with PP
Post by: Tomatocage on October 02, 2014, 06:03:53 PM
Why in the world would you use PayPal when there's Circle.com?


Title: Re: Buying BTC with PP
Post by: yo29787 on October 02, 2014, 06:39:47 PM
I would gladly use Circle.com but it does not accept my credit cards, unfortunately.


Title: Re: Buying BTC with PP
Post by: extraKrispy on October 02, 2014, 07:06:17 PM
You can link your bank account(s) to Circle, not just a CC.


Title: Re: Buying BTC with PP
Post by: yo29787 on October 02, 2014, 07:50:08 PM
I tried both, nothing works.  I don't think my country is supported by their platform at the moment.


Title: Re: Buying BTC with PP
Post by: bit_stacker on October 02, 2014, 09:49:24 PM
I've done a few paypal for bitcoin trades with eXch.cc https://bitcointalk.org/index.php?action=profile;u=317557 and with ExpressCoin https://bitcointalk.org/index.php?action=profile;u=224499 They both seem to have been inactive for a few days but send a PM to find out what they can do for you.


Title: Re: Buying BTC with PP
Post by: knightingale on October 03, 2014, 06:30:43 AM
So many people are recommending circle.com. Is someone from bitcointalk affiliated with circle.com? I have never seen a site getting recommended so often.


Title: Re: Buying BTC with PP
Post by: yo29787 on October 03, 2014, 08:21:01 AM
So many people are recommending circle.com. Is someone from bitcointalk affiliated with circle.com? I have never seen a site getting recommended so often.

Maybe they're part of the business angels that funded circle.com? ;)