Bitcoin Forum

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Its not hard to make PayPal account using VCCs and fake data, so id you are going for that version it can be safe to some degree. Example: you are selling something to someone and he asks for PP, you simply make an account ( verify it ) and get your payment. If he scams you in next few days until when he receives goods and asks for refund you will have your money and you can just ignore that account since you used VCCs to make it. In other words, you can find a solution for scammer without a problem.

I have a good miner friend who sold one thousand inked toilet paper notes worth of bitcoin thru paypal. The buyer paid thru pay-pal. Lo and behold a few montsh later the purchase is being disputed and my friend who sold is bitcoins is getting hosed.

Paypal is used by scammers to steal bitcoin because Paypal reverses every disputed bitcoin purchase.

Beware!

I have successfully sold a few BTC usng Paypal to highly trusted members (100+ trades in a long timespan) on Localbitcoins without any chargebacks so far, but yes, it is an extremely dangerous thing to do. You have to be especially wary of people who offer more than the current market value of BTC.

You can use Virwox (https://www.virwox.com/?r=2cd43) for buying and selling via paypal, skrill and other without the risk of fraud. But you pay extra for this luxury. You can find here (http://gamblingbitcoins.blogspot.com/2013/06/how-to-buy-bitcoins-with-creditdebit.html) how to do this.

This is a very good post. I've personally seen a lot of scamming with paypal. The virtual currency needs to be more widely accepted so there will be less scamming.