Buying BitCoins by PayPal

[w11zz]

I want to buy Bitcoins by PayPal but it seems impossible? Is it because PayPal doesn't allow it? Or people cant be trusted? Or some other reason? Anyone interested in selling Bitcoins by PayPal..

[Graet]

https://bitcointalk.org/index.php?topic=107044.msg1174312#msg1174312
just one of the many posts explaining why reversible PayPal and non-reversable Bitcoin transactions can fail

[w11zz]

https://bitcointalk.org/index.php?topic=107044.msg1174312#msg1174312
just one of the many posts explaining why reversible PayPal and non-reversable Bitcoin transactions can fail

So say you was a website, offering a service to buy bitcoins by PayPal, this still carries risk to both?

[Graet]

yes, and it would also violate Paypal's TOS re digital goods

[w11zz]

yes, and it would also violate Paypal's TOS re digital goods

Ok. Would that be the same if you was just going to pay using a debit card with a payment processor on a website. Ofcourse the fraud would be high but would that also violate their TOS

[Stephen Gornick]

Anyone interested in selling Bitcoins by PayPal..

If you'ld like to know other options, the factors that matter in order to give you the best answer include:

 - Where are you located (country)?
 - How much are you looking to buy?
 - What payment methods do you have available?
 - How soon do you need access to the proceeds?
 - Is privacy important?


Quite simply, depositing cash at a bank or 7-11, Walmart, CVS is going to be the fastest and easiest way.

 - http://www.BitInstant.com (Deposit at major banks, 7-11, Walmart, CVS, Moneygram, etc., or in Brazil using Boleto or Banco Recomendito, or in Russia, using Qiwi or Cyberplat.)
 - http://www.CAVirtEx.com (Deposit cash at several banks)
 - http://www.Spendbitcoins.com (Deposit cash at a bank in Australia)
 - http://www.MrBitcoins.com (Deposit at a bank in U.S., India, Australia)
 - http://BitcoinNordic.com (Purchase CashU or UKash in dozens of countries)
 - http://www.BTC-E.com (Deposit cash (USD) at bank locations in Russia)


The fees aren't trivial but you can use a credit card to purchase by using VirWoX where you can buy SLL using your Serve card as a credit card, then trade SLL for BTC:
 - http://www.VirWoX.com

This probably does't help you if you are looking to spend the coins anytime soon, but you can buy physical Bitcoin, paid for with credit card:
 - http://memorydealers.com/catalogsearch/result/?q=bitcoin


Or find a local trade:
 - http://www.localbitcoins.com


All kinds of options:
- http://en.bitcoin.it/wiki/Buying_bitcoins

[eri01]

Its possible to buy from some sellers via paypal just ask around you have to find someone that will trust you because its a risk on their part.

You will also have to pay a premium over market value for someone to consider selling BTC via paypal.

I bought 25 coins via paypal just yesterday.

 

[Jermainé]

Don't even bother with PayPal.


-My advice for that day-

[Monkey1]

People are reluctant to sell via paypal as paypal will reverse transactions at the drop of a hat.  Bitcoin transactions are not reversable, leaving the seller out of pocket.

[anexsia]

You can use Virwox to purchase bitcoins with Paypal...I've been using it since Bitinstant got rid of bank deposits.

[keynet10]

Sick of trying to buy Bitcoins,
Sick of having to upload documents, verify identification, register with this exchange and that exchange.

We accept Paypal,
We accept Mobile Phone payments,
We accept Bank transfers.

We only sell in small quantities.

•No Registration Required!
•No Documents to be uploaded!
•No ID verification required!
•No vouchers required!
•Paypal Accepted!
•Anonymity Guaranteed!

http://www.bitcoinsuk.co.uk/

 

[videos4btc]

pretty much not a good idea.

[BTCKnowledge]

https://btcjam.com/listings/584

ZIGGAP is the future. It will inevitably compete strongly with BitInstant.



Paypal is possible; you must be willing to build yourself some ratings on #bitcoin-otc and trade with auth'd & 'trusted' members (ratings)

[Hangingloose]

     Hello everyone, I used a website called paypal to bitcoin (iocoloradocentral.com) 3 days ago and it worked pretty well, i will probably be buying from them again soon. Anyways, just wanted to share my experience. Please dont flame me because im new.

[ingrownpocket]

     Hello everyone, I used a website called paypal to bitcoin (iocoloradocentral.com) 3 days ago and it worked pretty well, i will probably be buying from them again soon. Anyways, just wanted to share my experience. Please dont flame me because im new.

WHAT WE DO
We take paypal payments and convert them into bitcoins, for a flat 25% fee.

IS IT EVER LESS THAT 20%?
Yes! for orders over 500 USD we go down to 15%

HOW DOES IT WORK?
Trade Secret


Seems legit...

[BCB]

https://btcjam.com/listings/584

ZIGGAP is the future. It will inevitably compete strongly with BitInstant.



Paypal is possible; you must be willing to build yourself some ratings on #bitcoin-otc and trade with auth'd & 'trusted' members (ratings)

what is the relationship between BTCKnowledge and ZIGGAP?

[BCB]

     Hello everyone, I used a website called paypal to bitcoin (iocoloradocentral.com) 3 days ago and it worked pretty well, i will probably be buying from them again soon. Anyways, just wanted to share my experience. Please dont flame me because im new.

Hangingloose.

No one is going to flame you for being a newbie you will get flamed for being a iocoloradocentral.com sock puppet.

[Hangingloose]

Im not a sock puppet i am just sharing my experience... it worked. That is the website that i use. I am sure there are cheaper alternatives such as virwox but it is such a pain in the ass to jump through all those hoops.

[BTCKnowledge]

https://btcjam.com/listings/584

ZIGGAP is the future. It will inevitably compete strongly with BitInstant.



Paypal is possible; you must be willing to build yourself some ratings on #bitcoin-otc and trade with auth'd & 'trusted' members (ratings)

what is the relationship between BTCKnowledge and ZIGGAP?

None? Why would there be? I own BTCKnowledge, and I support ZIGGAP.

[smallbits]

yes, and it would also violate Paypal's TOS re digital goods

Actually this is incorrect.  It's not a violation to sell digital goods through paypal (at least wasn't for a very long time), there's simply not a protection policy for digital goods through paypal for either party, meaning by default, often the seller will win many or all disputes showing claim of a digital product sale, ESPECIALLY if you show a pattern of success and consistency.  While Paypal isn't siding with the seller because they are deemed the better party, it had often been because of the lack of protection, default judgement for the seller simply due to lack of policy.  I've sold many thousands of digital products through Paypal over the years, rarely a dispute lost due to unethical individual disputes if ever, and unless policy has changed since that time, that has been their official stance, and of course, all things could change over time.