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Author Topic: Question about bitcoin and PP exchange  (Read 120 times)
adska (OP)
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May 18, 2018, 08:42:44 AM
 #1

Hello, I would like to create crypto exchange system where you can buy and sell bitcoins by paypal. All payments would be executed by paypal API. but i am afraid of possible Paypal API blocking of my domain. Could they block API requests from my domain? I nowhere found info about such cases, but actually it is strange why a system like this is still not exist  Huh
fargoway
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May 18, 2018, 08:47:08 AM
 #2

Don't wanna to ruin your dreams, but I think it is impossible to do such exchange system considering the position of PP against cryptocurrency: https://www.cnbc.com/2018/05/16/paypal-cfo-our-merchants-arent-interested-in-crypto-its-too-volatile.html
hugeblack
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May 18, 2018, 12:15:11 PM
 #3

Hello, I would like to create crypto exchange system where you can buy and sell bitcoins by PayPal.
This is contrary to PayPal laws
All payments would be executed by PayPal API. But I am afraid of possible Paypal API blocking of my domain.
yes, they will do.
PP ban any direct exchange into bitcoin (Because the scammers are buying bitcoin [irreversible] and then claiming they have not received anything )
The best solution for you is to create a site like Virwox [Users are allowed to buy bitcoin indirectly"not direct exchange"], Deposit money from PP, Buy a broker's currency, and then exchange that currency into bitcoin.
mark66
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May 18, 2018, 01:42:34 PM
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Yes, if you do that, PP will block/limit your account.
expertofexperts
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May 22, 2018, 08:02:05 AM
 #5

PP dont entertain buying of any crypto currency.. so avoid such payment methods.
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