Your reasons for not accepting paypal for btc exchange

[NyeFe]

                  Add your reasons below, and it will be added to the list

  1

Paypal doesn't allow it is a pretty strong motive...

  2

A. Susceptible to charge back so not good for trades involving bitcoin.
B. Very High fees

  3

Less anonimity.

  4

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

  5

Paypal needs to die, don't let them make any more fees.

  6

A. PayPal doesn't like bitcoin, as the bitcoin network is in direct competition to it.
B. They will ban accounts that have anything to do with Bitcoins.

[pedrog]

You mean in exchange for bitcoin?

Paypal doesn't allow it is a pretty strong motive...

[erpbridge]

The reasons are pretty obvious.
1. Susceptible to charge back so not good for trades involving bitcoin. Good otherwise as it guarantees buyer/seller protection.
2. Very High fees

And this should be in the off-topic section.

[Amph]

i would add:

less anonimity, yeah i know that bitcoin isn anon but it's better than paypal in this regard

[erikalui]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

[nano-btc]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

but why?

[erikalui]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

but why?

Because Bitcoins are used for illegal activities mainly like gambling, money laundering etc. and hence PayPal doesn't support this currency.

[--Encrypted--]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

no they don't. if they do that then there wouldn't be people buying bitcoins using paypal on this forum

[nano-btc]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

no they don't. if they do that then there wouldn't be people buying bitcoins using paypal on this forum

maybe they don't know it

[erikalui]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

no they don't. if they do that then there wouldn't be people buying bitcoins using paypal on this forum

That's because people don't mentioned "Bitcoins" in their transaction note but if by mistake a member who sends PayPal funds for bitcoins and write that in the note, PP freezes that account as it's NOT allowed to exchange Bitcoins for PP.

[lucasjkr]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

Not that I've ever heard of...  And at one point I sold some coins for Paypal. Of course, within 6 months all of the transactions had been charged back. Lesson learned. But even when explaining my case to Paypal customer support there was no form of reprimand for selling crypto coins...

[Bit_Happy]

Paypal needs to die, don't let them make any more fees.

[Wardrick]

You mean in exchange for bitcoin?

Paypal doesn't allow it is a pretty strong motive...

Paypal actually allows the exchange of Bitcoins now. eBay also allows the exchange of Bitcoins, and Paypal owns eBay.

[--Encrypted--]

If PayPal suspects that the user is trading with bitcoins, they freeze the account and hold the funds.

no they don't. if they do that then there wouldn't be people buying bitcoins using paypal on this forum

That's because people don't mentioned "Bitcoins" in their transaction note but if by mistake a member who sends PayPal funds for bitcoins and write that in the note, PP freezes that account as it's NOT allowed to exchange Bitcoins for PP.

well not anymore, because in January I issued a chargeback with my blockchain address as the part of evidence, and my paypal account is still kicking...
and no, I didn't scam anyone. the guy I was trading with is stalling me with nonsense talk so I did it.

[erikalui]

well not anymore, because in January I issued a chargeback with my blockchain address as the part of evidence, and my paypal account is still kicking...
and no, I didn't scam anyone. the guy I was trading with is stalling me with nonsense talk so I did it.

"PayPal doesn't like bitcoin, as the bitcoin network is in direct competition to it. They will ban accounts that have anything to do with Bitcoins, and freeze their balance." Reference: https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)

Did you use Ebay for the exchange? I still wouldn't take the risk of using bitcoins when they are banning accounts for its use. It's too risky.

[--Encrypted--]

well not anymore, because in January I issued a chargeback with my blockchain address as the part of evidence, and my paypal account is still kicking...
and no, I didn't scam anyone. the guy I was trading with is stalling me with nonsense talk so I did it.

"PayPal doesn't like bitcoin, as the bitcoin network is in direct competition to it. They will ban accounts that have anything to do with Bitcoins, and freeze their balance." Reference: https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)

Did you use Ebay for the exchange? I still wouldn't take the risk of using bitcoins when they are banning accounts for its use. It's too risky.

something about wiki that if there is no reference, don't believe all of it.
sure I know that paypal hunted down some bitcoin traders before, but there's been no such cases since last year.
and no, I didn't use Ebay.

I don't know why I'm arguing about this when I don't even use paypal anymore.. >.<

[swapman]

anonymity isn't even a valid excuse IMO. if you're getting involved with exchanges, you're going to sacrifice your privacy. otherwise exchanges with gaping KYC/AML holes will become laundromats and be busted in no time. so even "shady" sites like BTC-E have basic standards to meet so they don't get rekt by the feds

[bounst]

strict aml/kyc and ridiculous fee

[Amph]

well not anymore, because in January I issued a chargeback with my blockchain address as the part of evidence, and my paypal account is still kicking...
and no, I didn't scam anyone. the guy I was trading with is stalling me with nonsense talk so I did it.

"PayPal doesn't like bitcoin, as the bitcoin network is in direct competition to it. They will ban accounts that have anything to do with Bitcoins, and freeze their balance." Reference: https://en.bitcoin.it/wiki/Buying_Bitcoins_(the_newbie_version)

Did you use Ebay for the exchange? I still wouldn't take the risk of using bitcoins when they are banning accounts for its use. It's too risky.

that's not true at all, they will even start accepting bitcoin soon(there was a news in the forum about it), they are just waiting to implement more security option

[pedrog]

You mean in exchange for bitcoin?

Paypal doesn't allow it is a pretty strong motive...

Paypal actually allows the exchange of Bitcoins now. eBay also allows the exchange of Bitcoins, and Paypal owns eBay.

I'm not familiarized with that.

But Paypal never allowed digital currencies conversion, or any other processor, they might be seeing bitcoin as a different stuff if they are allowing conversion.