Just found this site for buying and selling bitcoin through paypal

[TheGr33k]

Looks like a shitty site made via wordpress. I dont deal with paypal because of things like this, they are easy scams.

[1714926720]

1714926720

[tonyq]

Scam?...in what way?
Surely they won't do a chargeback on me.....if others are selling them bitcoin as well as me, wouldn't paypal smell a rat  if they claimed loads of different people had received their cash but not sent them the  bitcoin?

[Minerjoe]

Hm, I would pass on this. Use more reputable options to avoid getting scammed.

[tonyq]

Sent 0.02 20 minutes ago......this time the cash was in my paypal account inside 12 minutes with only 2 confirmations showing at blockchain.info
I'm happy so far.

[erikalui]

The site looks like a scam as it has no proper design nor any description on the home page with just 4 tabs.   The person who created the website did not even invest some time to make it look presentable and the English is  . http://weofferbitcoins.com/about-bitcoins/

I would recommend not to try this website.

[tonyq]

Well as I said, I've sold 0.01 and 0.02 as testers today and the payments are in my account....at a decent rate too.
Where is the scam?

[PolarPoint]

Well as I said, I've sold 0.01 and 0.02 as testers today and the payments are in my account....at a decent rate too.
Where is the scam?

PayPal chargebacks can bite you as long as 30 days. You money is not safe until next month. This site could be legit. As far as I know, PayPal and bitcoin don't mix.

[tonyq]

Well as I said, I've sold 0.01 and 0.02 as testers today and the payments are in my account....at a decent rate too.
Where is the scam?

PayPal chargebacks can bite you as long as 30 days. You money is not safe until next month. This site could be legit. As far as I know, PayPal and bitcoin don't mix.

I agree, they don't normally mix.
I was stung with a chargeback after selling a small amount of bitcoin on Ebay around  18 months ago.
I'll now wait and see if I get one on these two tiny transactions.
If not....I'll do one for 0.03
 

[pereira4]

I would avoid paypal unless you are on a hurry, then you could go Virwox (FIAT->SSL->BTC route) but like has been said before, fees are a bit of a joke.

[Guido]

if in UK use bitbargain

or you could always use trusted members here, for example mods only, legendary members etc who deal in escrow for small fee and have trusted feedback

[RTRC]

Bear in mind, all of your "tests" are with very low amounts. If the transactions are worth only a few dollars, it would make sense for them to follow through and give you your cash if it means you convince others that there's no scam. So when somebody sends out 3 btc hoping to get paypal because all of these $5 transactions went so well, BOOM, they vanish without a trace.

EDIT: For those of you looking to get paypal, this site may be an answer https://cryptothrift.com/

Money is held in escrow. There are people with 400+ transactions on there that have no negative feedback. I personally have sold about 1 btc in exchange for paypal through sellers at this site.

[shogdite]

Bear in mind, all of your "tests" are with very low amounts. If the transactions are worth only a few dollars, it would make sense for them to follow through and give you your cash if it means you convince others that there's no scam. So when somebody sends out 3 btc hoping to get paypal because all of these $5 transactions went so well, BOOM, they vanish without a trace.

EDIT: For those of you looking to get paypal, this site may be an answer https://cryptothrift.com/

Money is held in escrow. There are people with 400+ transactions on there that have no negative feedback. I personally have sold about 1 btc in exchange for paypal through sellers at this site.

Yeah I've used cryptothrift to sell a few bitcoin for paypal, even with escrow you still run the risk of chargebacks in the future. Fingers crossed it hasn't happened to any my transactions on there so far. It's a decent marketplace, kind of reminds me of Bitmit.

[RTRC]

Yeah I've used cryptothrift to sell a few bitcoin for paypal, even with escrow you still run the risk of chargebacks in the future. Fingers crossed it hasn't happened to any my transactions on there so far. It's a decent marketplace, kind of reminds me of Bitmit.

That's true. But considering you can edit reviews of users at anytime, it appears that for the sellers with hundreds of transactions, they have never once issued a chargeback since nobody has edited a review stating that they've been scammed.

[bigbitmine]

Wow that site looks like a load of crap.  Really basic.

[shogdite]

Yeah I've used cryptothrift to sell a few bitcoin for paypal, even with escrow you still run the risk of chargebacks in the future. Fingers crossed it hasn't happened to any my transactions on there so far. It's a decent marketplace, kind of reminds me of Bitmit.

That's true. But considering you can edit reviews of users at anytime, it appears that for the sellers with hundreds of transactions, they have never once issued a chargeback since nobody has edited a review stating that they've been scammed.

Agreed it's much more reassuring when users have excellent feedback, I've always avoided the new sellers that pop up, even when they're offering the best prices.

[tonyq]

I was wrong....as many of you suggested...IT'S A SCAM SITE.
I thought after the small purchases went through ok that I'd test it the other way round and used PayPal (the same account they sent payment to) to buy a small amount. They advertise that your bitcoin will be in your wallet within half hour of them receiving payment.
That was yesterday afternoon....no bitcoin sent still,  but this pathetic email instead:

We have received your email and your order.
Thank you.
You are a new customer for us and your order is \"under review\".
For security purpose we have to make sure that Paypal Payments
are being made from the Paypal Account Owner and that
everything with and arround the Paypal payment is fine.
Once the review is completed our support team will contact you again.

Best regards
Daniel

Support Service
WeOfferBitcoins.com
http://weofferbitcoins.com

What a load of nonsense.....I sent them a reply saying that if I hadn't received it in 3 hours time I'd come on here and expose them and that's exactly what I'm doing.

www.weofferbitcoins.com is a SCAM.
Steer well clear.

[sed]

One thing that always comes up in the context of buying bitcoins with paypal is the chargeback.  I know that a lot of people refuse to sell bitcoins for paypal unless there's like a 6 month escrow on the deal (because apparantly that's how long paypal will potentially allow a chargeback).

[tonyq]

I'm about to instigate a chargeback on these ***** now.
 

[erikalui]

I'm about to instigate a chargeback on these ***** now.
 

The site was an obvious scam as they did not even try to add more information on their homepage and make it look legit. Now I feel that they aren't sending bitcoins as bitcoin transactions cannot be reversed unlike their PayPal transactions. I hope you get your money back.

[PolarPoint]

I was wrong....as many of you suggested...IT'S A SCAM SITE.
www.weofferbitcoins.com is a SCAM.
Steer well clear.

Sorry to hear that. Can't you apply for chargeback? You can get your $8 back.