|
If the Blizzard fee is too high, people will just go 3rd party. Players most likely will go 3rd party just to use BTC to buy goods.
|
|
|
|
|
I liked this one
"Got Bitcoin?"
Maybe overdone with all those other "Got bleh bleh" slogans.
|
|
|
|
It's useless. Although US bitcoiners have many fund options to get BTC. Paypal to BTC is risky and with these options useless (a few bitcoins per user, above market price).
I don't really know what you're trying to say here. PayPal to BTC is much risker for the seller than the buyer. What's useless? And yes it is a few bitcoins per user above market price. |
|
|
|
|
Bump! Still saving ignorant sellers!
|
|
|
|
|
Sure. Any legit feedback works.
|
|
|
|
Paying you $1-$2 less than Market Price with PayPal Mass Pay or Western Union HERE ARE SOME BENEFITS! 1. No credit card chargebacks - I'm paying with Mass Pay which means it's with bank funds so there's no hassle with dealing with credit card chargebacks. Of course you're dealing with me so obviously any type of chargebacks shouldn't be a problem but just an extra piece of mind. 2. Seller pays no fees - Very few people use Mass Pay because it's a hassle for the buyer. This means no extra fees so what you see is what you get. 3. Recognized as a legit transaction unlike gift payments - Personal purchases e.g. gift payments should only be used for non-commercial transactions under PayPal Terms of Service. PayPal does not make any money so they could punish abusers. Mass Pay, on the other hand, is ok because PayPal makes money from a small buyer fee. 4. I pay fast - Lot of transactions are finished in under 30 minutes depending on node confirmation. 5. 400+ eBay feedback! 200+ Virtual goods feedback! Many happy customers in this thread. - Nuff said. 6. No need to waste time on user authentication - You can spend 30 minutes to 2 hours verifying someone's ID to make an extra $20. If you don't, there's a high chance you will get scammed. What's the point? Sell to me, save your time & do something else. You may make your extra $20 now, but you'll have to worry about a chargeback for as long as a year. If after all my reasons you still want more identification, just ask. :p 7. No unauthorized transaction dispute - I use a PayPal Security Key card which generates a different 6 digit code every 30 seconds to gain access to my PayPal. So most likely if I ever pull an unauthorized dispute, PayPal will just laugh at me. Also I'm assuming this extra layer of security means less chance of my payment being put under PayPal review which is a huge problem when you're accepting money from foreigners. 8. Instant feedback on this thread - As soon as I get your BTC, you will get feedback instantly. 9. Very good communication - Some people here are not scammers, but have no respect for their customers. For example, they will keep you waiting for hours with stupid excuses or no excuses at all. I will do my best to make sure this does not happen. This is especially important since BTC value varies greatly. Transaction Details- Quantity: 1 BTC minimum, 1000 max
- If your feedback is lower than mine, I must get your BTC before I pay. Negotiable.
|
|
|
|
This was really useful, thanks FAQs. I am wondering if I join a mining pool that automatically pays my shares through paypal would be a danger. Could they send me whatever my proportions are and then later pull that back to their name?
What can I do to receive payment from pools like this, and then make sure I can not have the money taken later?
Is there a max time on how long someone can give money and then take it back, or can it be done any time?
It depends how they're paying you by PayPal. PayPal disputes can be opened up to 45 days. Bank transfers up to 60 days. If credit card, it's 1 month to a year. I'd ask for Mass Pay + a followup email from the sender about the service and how he was happy and won't dispute.... if that's one of the options. That's the safest legit way to receive money. If you're worried about a mining pool not paying you, then get some information about who's running it. Names, addresses, phone numbers, reputation, background check. The more info you have, the more comfortable you will be. Do not blindly accept PayPal from strangers. |
|
|
|
b\Being safe with bitcoins is hard so far I've tried to buy something off this forum but the seller ended up being a scammer but I used escrow so I managed to save the coins and another seller has shipped the items to the wrong address it appears  . Then I've been scammed twice on bitmarket for 200$. It wears on my patience. I should hire some bitcoin vigilantes. If you sell on my site, I verify every single person for free to make sure they're not scammers. Link is in my sig. Even if you don't sell on Virtual FAQs, feel free to send people over for free verification. Even when I sell with PayPal, I limit it to 1-4 BTC per week. I'm lucky that I don't need to sell a huge quantity by PayPal at once. Oh and your gamerchicks website is down? Was curious about it. haha |
|
|
|
hmm I have another user also putting in a dispute with paypal, claiming unauthorized account access. Anyway to tell paypal its for virtual goods? I'm trying to get my dwolla account working so I can just use mtgox lol. Thanks for the help.
Sure. In the dispute, you can issue a statement and say it was for virtual goods. Against unauthorized account access, you're most likely going to lose. You need to prove you delivered your intangible goods to the real account owner. Unfortunately, your chances of winning are 1% if not less. |
|
|
|
I sold some bitcoins on bitmarket.eu via paypal. Now paypal has put the funds on hold because This payment has been selected for review and we have opened an investigation.
This is a security measure meant to protect you from problem transactions.
We have placed a temporary hold on the funds until the investigation is complete.
Please provide some additional information about this transaction.
Response deadline: Aug 4, 2011 It lists reason as Inquiry by PayPal. Paypal wants me to provide a tracking number. I'm not too sure how to handle this. The options I have to dispute it are. I have not shipped the item and I would like to refund the payment.I can provide proof that the item was shipped through an approved shipper to the address on the Transaction Details page.
What information can you provide?What information can you provide?
I can provide online tracking information.I can upload or fax proof that the item was shipped.
I have refunded the payment for this transaction.None of these apply to me. Should I just tell paypal its for digital goods? or should I ship something to the buyer and give them that tracking info? There's a couple strategies for this. 1. You can put "Virtual Goods" in the shipping number. This about 70% success. 2. Ship something to the buyer. This about 90% success. These will help you win against PayPal, but Most likely this is moot because this guy scammed with credit card and going to chargeback. So PayPal payments are sent directly to the seller on bitcoinmarket.eu huh? That must be the only exchange that still functions like that. Next time send your buyer over to virtualfaqs.com for free verification. I may be able to prevent this from happening. Good luck. |
|
|
|
I offer a paperclip and 3 free bitcoins or paperclip and 1 bitcoin.
I don't think you're allowed to offer free stuff on eBay. It's misleading because it's not free since people are still bidding on it. Also because it circumvents rules which is why you're doing it in the first place usually. But I'm happy you're having so much luck on eBay.  |
|
|
|
Problem with WU is it is ok if everything goes well, like you said if the buyer (the one who hold bitcoins in the escrow) is honest. Cause if he's not, he could just say he didn't receive money. Is the seller could proof that he really made the payment ? I don't see any possibilities, if you have one you're welcome . That's why a reshipping service can be useful for those transactions. buyer pay escrow, seller send WU to escrow, escrow verify that everything is ok, then escrow send WU to buyer, buyer receive the funds and release the bitcoins. There are some decent ways to check online that are 95% proof a WU was picked up. However if the buyer still disputes, the seller could mail you the original receipt to prove the Western Union was picked up by someone with the buyer's name. I really doubt a scammer would bother going so far as to claim the name is correct, but didn't pick it up. You already have the scammer's BTC so it really isn't worth their time to go through such a hassle as there are easier scams. I've been advising for hundreds of virtual transactions going through escrow with the exact same scenario and there wasn't ever a single problem over Western Union pickup. By the last statement, I don't mean that WU couldn't be used for scamming, but it was pretty easy to figure out who was lying. I wouldn't bother doing escrow for WU because there's extra fees involved and what I listed above is enough to stop 99.99% of all questionable situations. However you could add an additional service that you'd change the WU payment to PayPal for the buyer. That's something I thought about for a long time. The reason why I brought up WU is because I want to know I can count on your escrow to make the right decision if someone claims they didn't pick up a Western Union payment. Most likely if you list the above procedure, there should never be a problem. |
|
|
|
I charge 3 bux over market price for most of my sales via paypal. It is worth it for many buyers, because it takes me 4 days to get money from my bank account to dwolla to MTGOX and to make a purchase. Then you have NON US RESIDENTS who cant use DWOLLA and have an even harder time getting things funded. Sellers take all the risk using paypal so a 2 to 3 dollar charge is definitely normal. I was selling mine on ebay for 21 to 25 when they were 18 on MTGOX. Still selling mine for 16 to 18 with no problems and there 14 on MTGOX. IT ALL DEPENDS ON SUPPLY, DEMAND and RISK
You forgot the 1-2 days for Dwolla to verify your bank account. When I did it, it took a week. I don't know how long it takes now. Yupz which is why I ignore people who say people won't buy over market price. People have to realize USD has multiple online payments - PPUSD, MTGOXUSD, WUUSD, USD by mail all have a different exchange rate. |
|
|
|
Thats why I like the gift, because yes you will get away with reversing one gift, but anymore then that you will lose your credibility and paypal will have issues with you keep cancelling your gift payments.
Yeah too many gifts might cause a flag someday with paypal, so far I have not had an issue. Yeah I could see people having issues with ebay and hacked accounts I guess, but I have used ebay to verify the buyers and used the forums as well to have double verification. It helps avoid scams and only one person would get scammed as long as you post about the scam on the forum. I agree any virtual currency or anything really you have the risk of chargebacks with paypal, but no more then selling a computer on ebay and the buyer then saying someone hacked there account and they didnt receive the computer. Easier to help prove something was at least delivered though, which is why a paperclip helps with that as well, you can at least show that the sold item was paid for, the bitcoin were free. There is always a risk, but I do to also believe, we need to use paypal if we want to help bitcoins get more popular in the community.
You mean you found a buyer on eBay and asked them to get verified here? And they were ok with it? That's pretty smart. I assumed most buyers would not go along with that. If you sent a tangible good, I think the buyer is responsible for mailing it back, but yes there are ways around that too. I've been trying to educate BTC traders how to accept PayPal, but it's tough. Even I only limit my sales to 4 per week and that's by Mass Pay. haha You're only allowed to buy 1 BTC from me by credit card. |
|
|
|
No buyer in their right mind is going to use PayPal to pay if the seller is going to hold the BTC for 60 days first. In other words you don't offer any protection which is fine. Also some credit card chargebacks have a bigger window than 60 days.
Buyer always initiate the transaction so he always send bitcoin not the inverse. Of course 60 days take time for the seller which sent paypal payment and waiting for BTC. This is the only possible protection. We are Bitcoin Escrow not Paypal payment escrow or credit card escrow. Also you asked for Paypal and Western Union not chargeback for credit card. We also never said that we recomment using Paypal or easily reversible payment method in order to trade BTC. This way you better buy from an exchange which will do the transaction without problem, no need to use an escrow here, except if the seller offer a great deal to buy BTC. Let's define the buyer and seller terms since it's getting confusing. Buyer is person paying in BTC. Seller is person selling other currency, tangible, intangible good. The majority of PayPal payments are from credit card which is what I was getting at. Also exchanges don't take PayPal. That's ok I think we're on the same page here. It's pretty much just beware of accepting PayPal which is fine. In other words you don't offer any protection which is fine.
This 60 days protection can not be fine for you, might other people may happy with it ? The 60 days protection is up to the traders right? If the buyer agree to do away with it, then that is allowed? Uh... what? The Western Union is for bitcoins right? I'm not talking about those Nigerian scams.
I'm completely aware that using Western Union for trading bitcoin is probably the worst way to trade bitcoins. Exchange accept check in mail so it's better use it this way than using an escrow. Are we on the same page here? Western Union is one of the best ways to do this since you are doing escrow. The buyer sends the BTC to BTCrow. Seller sends WU to buyer. Buyer picks up WU and BTC is released to the seller. |
|
|
|
I have been selling using paypal for months with no issues with bitcoins. Send as a gift, confirm the transaction and sell the bitcoins. Dont sell a 100 bitcoins to someone you dont know but its not too risky for 50 to a 100 bux of BTC. Dont mention virtual currency, or BTC, use it as a gift and paypal wont know or care. Ebay I have also had no issues, I like ebay because I can at least verify the buyer has good feedback with ebay and sell mine a good amount over worth for convenienece. I will sell bitcoins for Paypal, just shoot me an email, no major transactions, gift only to save fees, $16 a bitcoin for paypal transactions. Mizike29@hotmail.comAnd both can verify each other with there ebay accounts, and personal rep on here. I'm weary about gift because they can still pay by credit card which defeats the whole point. I'm still trying to find a way to tell if a gift payment was paid by credit card or bank transfer. Also I'm reluctant to use too many gifts because PayPal doesn't make any money off it. This is why I like Mass Pay because it's a recognized way to transact goods on PayPal. Verifying buyers is a necessary step when dealing with not just BTC, but all virtual goods. Unfortunately lot of sellers skip this step and then get the deer in headlights look when faced with a chargeback. Then they come to these forums to complain. That's interesting you've had no issues on eBay. I've heard a few people paying with hacked eBay and PayPal accounts. |
|
|
|
|
Show Posts
