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Author Topic: Selling BTC for PayPal through P2P sites  (Read 115 times)
mk4 (OP)
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September 14, 2020, 04:10:41 AM
 #1

Is anyone here frequently selling BTC for PayPal US Dollars(yes, no other option buy PayPal) through P2P sites like Binance C2C and HodlHodl? I'm totally aware that there are chances of cashbacks, but I'm only planning on selling like $200-$500 worth and such; decent amounts, but not life-changing if I ever get duped.

I've found a few buyers that pays for like +$300 BTC's price, that has a decent amount of "orders"; so probably the risks are slim. Though I'm guessing that there's a possibility that they could probably be making self-transactions to fake reputation. Any opinions/advice?



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bL4nkcode
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September 14, 2020, 04:21:44 AM
 #2

AFAIK to avoid chargeback and dispute in PayPal the seller/buyer (with payPal account) should only send funds with friends and family also from PayPal's balance.

Coz s/he can still open a dispute on his/er bank/card issuer for a chargeback if s/he send funds from a bank or credit card (but you still need to trust him/er with the sending because s/he can still fake it, say, that s/he used his paypal balance while it is not)

So as long the buyer/seller okay with the terms of sending paypal funds with regards on above mention, then I guess it's okay.
mk4 (OP)
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September 14, 2020, 05:14:51 AM
 #3

AFAIK to avoid chargeback and dispute in PayPal the seller/buyer (with payPal account) should only send funds with friends and family also from PayPal's balance.

Coz s/he can still open a dispute on his/er bank/card issuer for a chargeback if s/he send funds from a bank or credit card (but you still need to trust him/er with the sending because s/he can still fake it, say, that s/he used his paypal balance while it is not)

So as long the buyer/seller okay with the terms of sending paypal funds with regards on above mention, then I guess it's okay.

Yeap. The dude from HodlHodl at the very least claims that the transactions would be through F&F, which gives me a bit of confidence, but yea I just wanted to make sure and hopefully hear about other people's experiences. Juuuust to be extra sure.

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The Cryptovator
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September 14, 2020, 05:19:26 AM
 #4

You know very well the risk involves with PayPal transactions. It seems the seller has a good rating, I don't know about that site you have shown the screenshot. I am wondering why you don't choose the forum to buy PayPal? Sometimes I have seen few trusted members have been selling their PayPal for Bitcoin. There is a very very low chance of a chargeback. Otherwise, you have to take the risk of the minimum amount.

More better if you can find PayPal seller nearby you or from your country at least. So at least you may ask if chargeback happens.

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mk4 (OP)
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September 14, 2020, 05:31:53 AM
 #5

It seems the seller has a good rating, I don't know about that site you have shown the screenshot.
The sites in the screenshot are mentioned in the first sentence of my main post.

I am wondering why you don't choose the forum to buy PayPal?
Totally aware that there are also trusted people here, as I've transacted with two of them in the past. I'm just interested in trying out these platforms; and the +$200-$300 BTC premiums ain't too shabby either(quite realistic and not "too good to be true" in my opinion).

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