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Bitcoin Forum > Economy > Marketplace > PayPal - BTC exchange. Would you be interested in?
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johny1976 (OP)
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September 08, 2013, 03:46:50 PM
 #1
Hi,

Bitcoin doesn't have much ways for buying - everything has a huge fees!

If I started new BTC (+ other cryptos) exchange, which is widthrawing your many only to PayPal as well as depositing your money only from PayPal, would you be interested in?

It would contain:

 - Instant & no-fee PayPal USD depositing and withdrawing
 - https - SSL secured
 - Bitcoin, Litecoin, Namecoin, Feathercoin, USD exchange
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September 08, 2013, 04:00:38 PM
 #2
You'll be shut down by paypal and scammers at the same time.
TimeIsBitcoin
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September 08, 2013, 04:10:38 PM
 #3
Paypal's TOS does not allow it, and you'll be scammed out of business due to chargebacks. Not recommended.
Snail2
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September 08, 2013, 05:47:41 PM
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Chargebacks could be an issue.
Mike Christ
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September 08, 2013, 05:49:53 PM
 #5
Quote from: Snail2 on September 08, 2013, 05:47:41 PM
Chargebacks could be an issue.

They will most definitely be an issue; this is also why no exchange uses credit cards, the risk is just not worth the hassle.  The only secure way to move money from A to B is through a wire transfer, and those are slow and cost a higher fee than CC & PP combined.
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September 09, 2013, 12:15:54 AM
 #6
perhaps you could sell bills(pieces of paper) with private keys written on them. you would have to have a strict 100% no refunds policy though. otherwise your screwed
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September 10, 2013, 04:24:25 AM
 #7
paypal sucks
Buster
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September 11, 2013, 06:08:05 PM
 #8
PayPal = instant death by scammers
nachius
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September 11, 2013, 07:58:26 PM
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https://bitcointalk.org/index.php?topic=233495.0

Coingator attempted it....
johny1976 (OP)
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September 11, 2013, 08:50:17 PM
 #10
Quote from: nachius on September 11, 2013, 07:58:26 PM
https://bitcointalk.org/index.php?topic=233495.0

Coingator attempted it....

But it's just one-way exchange. Nobody can ask for reverse.
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September 11, 2013, 09:25:59 PM
 #11
my advice forget about this idea it smells
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September 13, 2013, 10:45:39 AM
 #12
Quote from: realestone on September 11, 2013, 09:25:59 PM
my advice forget about this idea it smells
yes agree its not a good idea
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