Selling And Bitcoins With PayPal

[sublime5447]

Actually they can't do a charge back on virtual items just on tangible items

People can definitely still charge back virtual items, otherwise selling BTC for PayPal wouldn't be an issue.

As an online merchant that operates heavily through paypal I can say that when you receive a chargeback on an intangible item, the merchant always wins due to the fact that paypal does not charge against intangible items.

That being said, a charge back on anything bitcoin related would not end the same way. Yes, bitcoins are an intangible item, but paypal does not like other e-Currencies and views them as competition. Thus any attempts to buy/sell e-Currencies can result in your paypal account being frozen/shut down.

So he is right that intangible items are an instant win for the merchant, paypal will still shut down/freeze both accounts for a violation of their Terms of Service.

FUD.. I have told them several times that i am selling bitcoins they dont give a shit. They have even helped me deal with charge backs and told me methods to help avoid them.

How are you a exception? Their TOS actually state that it's not allowed and they are willing to terminate/freeze accounts. Why would they aid you and not anyone else?

preventing a racial discrimination lawsuit?

? are you calling me a racial epitaph?

[Firebug24k]

I've never bought coins with Paypal, but have had an account frozen a few years back for no good reason - living outside of the USA, they somehow thought my account was "suspicious" and froze it.  Lost around $140.  Paypal is a necessary evil for a lot of online transactions right now.... but I wouldn't tempt them by doing something in a gray area, as their policies are fairly arbitrary, and since they're not a bank, there's not a lot you can do if they decide they want to just take... I mean freeze... your account.

[Welsh]

I've never bought coins with Paypal, but have had an account frozen a few years back for no good reason - living outside of the USA, they somehow thought my account was "suspicious" and froze it.  Lost around $140.  Paypal is a necessary evil for a lot of online transactions right now.... but I wouldn't tempt them by doing something in a gray area, as their policies are fairly arbitrary, and since they're not a bank, there's not a lot you can do if they decide they want to just take... I mean freeze... your account.

They normally ask for Identification when freezing a account and require evidence to who you say you are. They normally sort it within 48 hours. You should of contacted them and sorted it. I'm not sure if you can still contact them and get it back.

They normally freeze accounts for suspicious activities or for people reporting you. (Happens often with ebay if you search the internet).

[stromma44]

I've never bought coins with Paypal, but have had an account frozen a few years back for no good reason - living outside of the USA, they somehow thought my account was "suspicious" and froze it.  Lost around $140.  Paypal is a necessary evil for a lot of online transactions right now.... but I wouldn't tempt them by doing something in a gray area, as their policies are fairly arbitrary, and since they're not a bank, there's not a lot you can do if they decide they want to just take... I mean freeze... your account.

Nope, they will send you your balance if you send them your IDs. But the question is why your account was "suspicious" ...

[sublime5447]

I've never bought coins with Paypal, but have had an account frozen a few years back for no good reason - living outside of the USA, they somehow thought my account was "suspicious" and froze it.  Lost around $140.  Paypal is a necessary evil for a lot of online transactions right now.... but I wouldn't tempt them by doing something in a gray area, as their policies are fairly arbitrary, and since they're not a bank, there's not a lot you can do if they decide they want to just take... I mean freeze... your account.

They normally ask for Identification when freezing a account and require evidence to who you say you are. They normally sort it within 48 hours. You should of contacted them and sorted it. I'm not sure if you can still contact them and get it back.

They normally freeze accounts for suspicious activities or for people reporting you. (Happens often with ebay if you search the internet).

I had those kinda issues years ago when my sales volume started to go up. Gave them what they  wanted and have never had an issue since.

They have done some cool things in the last few years. Like letting me send money for free and have made some favorable comments in reference to bitcoin.

I dont love them but they are alright.

[Welsh]

I've never bought coins with Paypal, but have had an account frozen a few years back for no good reason - living outside of the USA, they somehow thought my account was "suspicious" and froze it.  Lost around $140.  Paypal is a necessary evil for a lot of online transactions right now.... but I wouldn't tempt them by doing something in a gray area, as their policies are fairly arbitrary, and since they're not a bank, there's not a lot you can do if they decide they want to just take... I mean freeze... your account.

Nope, they will send you your balance if you send them your IDs. But the question is why your account was "suspicious" ...

Could be minor like logging in from different country ips etc. I know legit owned accounts have been frozen for a short period of time until the documents were provided.