Possible solution for paypal trading ?

[Astargath]

So right now selling bitcoins for paypal is dangerous for the seller because the buyer cand ask for a refund but what if.. You use escrow and you send the btc to the escrow, now the buyer has to send you the money to paypal and the escrow wont give him the btc until you have the money on paypal and you withdraw it to your bank account, now escrow gives buyer the btc and thats it. You have your money, he has his btc

[1715258694]

1715258694

[KWH]

So right now selling bitcoins for paypal is dangerous for the seller because the buyer cand ask for a refund but what if.. You use escrow and you send the btc to the escrow, now the buyer has to send you the money to paypal and the escrow wont give him the btc until you have the money on paypal and you withdraw it to your bank account, now escrow gives buyer the btc and thats it. You have your money, he has his btc

Until they charge back within 180 days time frame. Your account is now negative, Paypal starts collection process.
As has been stated many, many times: Escrow with Paypal is useless for the seller.

[twister]

Even if you transfer the paypal funds to your bank account, the sender can still say that his account was hacked and/or he didn't received the product he was to received and then your account is frozen and paypal may file a complaint against you that you stole funds and take legal actions.

[erpbridge]

So right now selling bitcoins for paypal is dangerous for the seller because the buyer cand ask for a refund but what if.. You use escrow and you send the btc to the escrow, now the buyer has to send you the money to paypal and the escrow wont give him the btc until you have the money on paypal and you withdraw it to your bank account, now escrow gives buyer the btc and thats it. You have your money, he has his btc

Paypal will mark your account and you will not be able to use it further until you clear that amount. The only workaround I have used is buying something else like an Amazon Gift care that accepts paypal. I believe that way the other user cannot reverse it, and most of the times I use it instantly so I don't have to worry about any charge backs.

[snarlpill]

I think the only way to really do PP to BTC safely is to small amounts traded with a highly trusted member, and growing a trading relationship with that person over time. And even that is never a guarantee of security, or some people will charge you high percentage exchange rates. Check the "Currency Exchange" section on here though and try to find a trusted member to build an honest trading relationship with.

I sell some things on eBay and occasionally look to trade small amounts of my PP for BTC at market rates, so feel free to send me a message sometime if you're ever looking to trade your BTC to PayPal. I know for a fact that I wouldn't scam anybody with a chargeback if I received their BTC, but of course the only way for someone to believe that is by trading with me over time. After all, a scammer will always say they are honest to pull off a scam, you can never blindly believe somebody on just their word.

[Astargath]

So right now selling bitcoins for paypal is dangerous for the seller because the buyer cand ask for a refund but what if.. You use escrow and you send the btc to the escrow, now the buyer has to send you the money to paypal and the escrow wont give him the btc until you have the money on paypal and you withdraw it to your bank account, now escrow gives buyer the btc and thats it. You have your money, he has his btc

Paypal will mark your account and you will not be able to use it further until you clear that amount. The only workaround I have used is buying something else like an Amazon Gift care that accepts paypal. I believe that way the other user cannot reverse it, and most of the times I use it instantly so I don't have to worry about any charge backs.

I missed that, i didnt know paypal would make your account negative, its like they make everything possible for the scammers to scam, they really dont like bitcoin, it would be incredible if one day they decide to add btc as a currency.

[sana6801]

Trading with paypal always should be careful. If you are buying bitcoin and you get bitcoin in your address, you are fine. But if you sell bitcoin, you need to find the reputaitonal paypal traders. You will have less chance to be scammed.

[GannickusX]

There should be like an option to transfer money without the option of a chargeback, that would be the easiest solution but doesnt seem like paypal cares too much about this.

If your account gets on negative you have to pay the amount back? What happens if you dont, any legal actions can be taken by paypal?

[snarlpill]

There should be like an option to transfer money without the option of a chargeback, that would be the easiest solution but doesnt seem like paypal cares too much about this.

There is an option available for transferring money without a chargeback, it is called Bitcoin. 
But yeah, I don't think PayPal would ever do that, because they are all about their "Buyer Protection" services they provide. The best way to transfer PayPal in a P2P trade though is to send the money through Friends & Family. Doing it this way the person receiving it doesn't have to pay any fees, and there is less chance of a chargeback occurring, but I've heard it can still be done. Best option is to only trade with a trusted trading partner who wouldn't pull some unnecessary chargeback BS.

If your account gets on negative you have to pay the amount back? What happens if you dont, any legal actions can be taken by paypal?

I'm sure they have the right to take legal action if your account gets in the negative and you owe them money. I'm almost 100% sure this is one of the terms you have to agree to in their "Terms and Conditions" in order to be able to use PayPal.

[erpbridge]

There should be like an option to transfer money without the option of a chargeback, that would be the easiest solution but doesnt seem like paypal cares too much about this.

If your account gets on negative you have to pay the amount back? What happens if you dont, any legal actions can be taken by paypal?

There is something known as Mass payments by Paypal which is sort of not reversible.
The only reason these payment processors have to let the transactions be reversible is the credit card chargebacks they face as well by the users. If you consider the friends and family option, it is said to be the option without the chargeback, but it isn't only because when someone blocks payment to them, they have to do that to the receiver as well.

[brendanjhwu]

Can't you send the money as family or friends? I believe that will require him/her to contact paypal to get the money back. To prevent them from doing so, you could tell them to sign the transaction under your terms in the box above the "send" button.

[kralle]

Can't you send the money as family or friends? I believe that will require him/her to contact paypal to get the money back. To prevent them from doing so, you could tell them to sign the transaction under your terms in the box above the "send" button.

Some countrys does not even offer the option to send it as family or friends, but even that one is not safe from chargeback

[bounst]

so we need a third-party hosting provider, exchange??

[Amph]

so we need a third-party hosting provider, exchange??

pretty much yes, it is better to avoid shitty paypal and its clone, just use exchange of any kind, or trade with trusted members only if you don't want an escrow(which can slow down your trade some time)

[GannickusX]

so we need a third-party hosting provider, exchange??

There are exchanges that offer paypal withdraw like btc-e but the fees are always a bit too high, for instance on btc-e the fees are 7% and a minimum of 500 dollars, you would get 465 which is a significant loss if you ask me

[AccountStore.biz]

There is no solution. PayPal suck at preventing fraud and will make the seller pay for it whenever they can. Plus PayPal have rules forbidding currency trades in their TOS and will suspend your account if you do that.

[XinXan]

There is no solution. PayPal suck at preventing fraud and will make the seller pay for it whenever they can. Plus PayPal have rules forbidding currency trades in their TOS and will suspend your account if you do that.

If paypal has rules forbidding currency trading how would the other user appeal to them to get a refund? What is he going to tell them? And how come they dont make any kind of investigation about it?

[erpbridge]

If paypal has rules forbidding currency trading how would the other user appeal to them to get a refund? What is he going to tell them? And how come they dont make any kind of investigation about it?

If a person does currency trading on paypal, then they usually don't ban the account right away but leave them with a warning aand point them towards the TOC. They don't however entertain requests for chargebacks by users involved in currency trading and they will usually just declare them to have lost the case since they were involved in it, and they do this without doing any investigation.

So basically its always the person who sends bitcoin for paypal, who will lose the case most of the times as the case will be won by the person who sent funds using paypal.

[CryptoTrout]

paypal is worthless, they freeze funds whenever they feel like it and you have no control. as a buyer they are fine but i stopped selling through them years ago

[Amph]

paypal is worthless, they freeze funds whenever they feel like it and you have no control. as a buyer they are fine but i stopped selling through them years ago

it is good for one thing though, when you want to purchase on soem shady/fishy site, that has something that you can't find elsewhere, if they accepte paypal your ass is fully covered, with debit and credit card i would not be very comfortable in using this kind of website

[noel57]

So right now selling bitcoins for paypal is dangerous for the seller because the buyer cand ask for a refund but what if.. You use escrow and you send the btc to the escrow, now the buyer has to send you the money to paypal and the escrow wont give him the btc until you have the money on paypal and you withdraw it to your bank account, now escrow gives buyer the btc and thats it. You have your money, he has his btc

You have been giving the best possible answers, escrow have nothing to do with it and no seller or buyer will wait for 180 day after transactions to claim funds, the best thing is to avoid it.

[HashBTC]

A good question to ask. However the issue is chargebacks. After the deal is done there is a chance the buyer will create a chargeback. You can dispute a chargeback however it more than ALWAYS favours with the buyers bank. Yes you can transfer the money to your bank account, however the paypal account will still be charged (if there is money or no money). If you have insufficient funds in the account, paypal will transfer your details on to a debt collector which will incur additional fees, if these fees and payment are not paid you will be called to court (where you will get more fees and 100% lose). The best way to avoid chargebacks is to know your customer and also make sure they pass a few security checks. Hope this helps!

[newb4now]

So right now selling bitcoins for paypal is dangerous for the seller because the buyer cand ask for a refund but what if.. You use escrow and you send the btc to the escrow, now the buyer has to send you the money to paypal and the escrow wont give him the btc until you have the money on paypal and you withdraw it to your bank account, now escrow gives buyer the btc and thats it. You have your money, he has his btc

Until they charge back within 180 days time frame. Your account is now negative, Paypal starts collection process.
As has been stated many, many times: Escrow with Paypal is useless for the seller.

This is correct. It does not matter if you can take out your paypal funds before the chargeback.

Paypal will go after you. In many cases Paypal chargebacks are done with stolen accounts so its not like you can win a dispute saying that the paypal account holder really authorized the transaction

Never accept paypal period unless it is from a friend or family member you trust

[ammybenj]

See I have not personally does that but what I have research and asked to experienced trader. I found this thing hard to do and stressful, even results are not obvious.