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Title: Bitcoins $250/BTC, accept PayPal, 7 day wait Post by: Pente on June 06, 2015, 01:13:46 AM Hi, I have been selling bitcoins on Ebay for a while using PayPal as a payment method. I wish to try and sell here too.
In order to minimize fraud and chargebacks, I have a 7 day waiting period before sending your bitcoins. Minimum purchase is 0.1 BTC ($25) Maximum purchase per person is 4.0 BTC ($1000) per month (state law here) If you are interested, please send a personal message to get my PayPal handle. Edit: 7 days (5 business days) Title: Re: Bitcoins $250/BTC, accept PayPal, 5 day wait Post by: TraderCal11 on June 06, 2015, 01:37:14 AM I know PayPal is more convenient and maybe people keep all their money in their PayPal (Dear God I hope not)
But it seems that it might be quicker and easier for a buyer to use Coinbase or some other service linked with their bank account. Only takes 3 days for my Circle deposits. Title: Re: Bitcoins $250/BTC, accept PayPal, 5 day wait Post by: Pente on June 06, 2015, 02:00:35 AM I know PayPal is more convenient and maybe people keep all their money in their PayPal (Dear God I hope not) But it seems that it might be quicker and easier for a buyer to use Coinbase or some other service linked with their bank account. Only takes 3 days for my Circle deposits. You are correct, but some people don't have Circle or Coinbase accounts. Otherwise, I wouldn't be able to sell on Ebay for spot + about 20%. Title: Re: Bitcoins $250/BTC, accept PayPal, 7 day wait Post by: Mickeyb on June 06, 2015, 11:02:48 AM Hello, are you willing to use escrow?
Title: Re: Bitcoins $250/BTC, accept PayPal, 7 day wait Post by: ruller on June 06, 2015, 11:06:36 AM Escrow i a paypal deal means nothing, you can reserve it up to 180 days ..
use www.virwox.com and you are safe Title: Re: Bitcoins $250/BTC, accept PayPal, 7 day wait Post by: Pente on June 06, 2015, 04:51:59 PM Hello, are you willing to use escrow? In theory "yes", but who do we both know that we can trust? I am willing to trust Roger Ver, but I am not sure he is still doing escrow or how much he would charge. PayPal is actually a form of escrow and they always side with buyers on chargeback claims. Even with dual proof of delivery (blockchain tx and a mail delivery), they will still side with the buyer. I have to send them a demand letter & file a small claims case to get them to be honest and release my money whenever I have a dispute. Title: Re: Bitcoins $250/BTC, accept PayPal, 7 day wait Post by: legendster on June 06, 2015, 04:59:31 PM Hello, are you willing to use escrow? In theory "yes", but who do we both know that we can trust? I am willing to trust Roger Ver, but I am not sure he is still doing escrow or how much he would charge. PayPal is actually a form of escrow and they always side with buyers on chargeback claims. Even with dual proof of delivery (blockchain tx and a mail delivery), they will still side with the buyer. I have to send them a demand letter & file a small claims case to get them to be honest and release my money whenever I have a dispute. Ognasty / DevtheDev / Blazedout anyone of those would do the escrow. I'd throw my name in but... Title: Re: Bitcoins $250/BTC, accept PayPal, 7 day wait Post by: Quickseller on June 06, 2015, 07:56:21 PM Hello, are you willing to use escrow? In theory "yes", but who do we both know that we can trust? I am willing to trust Roger Ver, but I am not sure he is still doing escrow or how much he would charge. PayPal is actually a form of escrow and they always side with buyers on chargeback claims. Even with dual proof of delivery (blockchain tx and a mail delivery), they will still side with the buyer. I have to send them a demand letter & file a small claims case to get them to be honest and release my money whenever I have a dispute. Not only that but you are also risking that the buyer is using stolen PayPal funds |