CrazyGuy (OP)
Legendary
Offline
Activity: 1973
Merit: 1007
|
|
October 24, 2012, 01:17:57 AM |
|
It seems lucrative but also a bit dangerous. If a buyer wants free bitcoins, I'm assuming they could just say they never received the coins and Paypal would gladly give them their money back. I've also read that paypal may reverse all your payments out of the blue if they believe you are trading currency.
My idea is to sell btc as collectible promissory notes that can optionally be redeemed for bitcoins. The auction will clearly state that you are bidding on the "collectible", not the BTC you can redeem it for. This way I have something physical to send them with delivery confirmation and I'm not directly selling BTC.
Is my idea worth pursuing or am I ultimately going to have my money stolen by paypal? Anyone else doing something similar and avoiding hassle from Paypal/eBay?
|
ASICPuppy.net ASIC Mining Hardware and Accessories - Compac F in stock!
|
|
|
|
|
|
|
|
If you see garbage posts (off-topic, trolling, spam, no point, etc.), use the "report to moderator" links. All reports are investigated, though you will rarely be contacted about your reports.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
Bjork
Sr. Member
Offline
Activity: 457
Merit: 250
Look for the bear necessities!!
|
|
October 24, 2012, 03:49:33 AM |
|
I don't know why anyone would buy bitcoins on ebay. I doubt those sales are real.
|
|
|
|
AzNmeowmeow
Member
Offline
Activity: 69
Merit: 10
|
|
October 24, 2012, 05:03:57 AM |
|
Well you can always make like a instawallet account and put in the BTC in there, then ship the URL of instawallet it to the person that bought it.
With of course tracking number and taking a screenshot of your instawallet amount you put in.
Google instawallet because I dont want any mix up of my wallet. :/
|
Please donate: 1MDn8ueUbUMEcbszGqBQb6QNAyRn59uThd
|
|
|
Arto
Donator
Full Member
Offline
Activity: 213
Merit: 100
|
|
October 27, 2012, 06:08:43 PM |
|
I don't know why anyone would buy bitcoins on ebay.
Because they want to buy bitcoins with credit cards or PayPal. The question isn't why somebody would buy on eBay, but rather why somebody would sell with such repudiable payment methods. Hence the premiums bitcoins fetch on eBay.
|
|
|
|
J-Norm
Newbie
Offline
Activity: 56
Merit: 0
|
|
November 06, 2012, 11:51:24 PM |
|
You could just say you are selling "A paper wallet with 1BTC in it".
90% of the scammers are people with stolen accounts. If you mail a paper wallet with keyinfo and instructions on how to import/transfer it then you get the advantage of using a verified physical address.
Never done it, but it seems like it would thwart a lot of scammers. People can still lie about not getting it but you could just show a delivery confirmation number and will win the dispute 90% of the time.
|
|
|
|
SimpleMan
Full Member
Offline
Activity: 462
Merit: 100
The Standard Protocol - Solving Inflation
|
|
November 16, 2012, 07:41:52 PM |
|
I wouldn't recommend it, seller should start selling paper bitcoin money
|
|
|
|
DeathAndTaxes
Donator
Legendary
Offline
Activity: 1218
Merit: 1079
Gerald Davis
|
|
November 16, 2012, 07:47:10 PM |
|
People can still lie about not getting it but you could just show a delivery confirmation number and will win the dispute 90% of the time.
Only an idiot was dispute a delivered items as not received. Read up on "Item Significantly Not as Described Dispute".
|
|
|
|
repentance
|
|
November 16, 2012, 09:19:48 PM |
|
You could just say you are selling "A paper wallet with 1BTC in it".
90% of the scammers are people with stolen accounts. If you mail a paper wallet with keyinfo and instructions on how to import/transfer it then you get the advantage of using a verified physical address.
Never done it, but it seems like it would thwart a lot of scammers. People can still lie about not getting it but you could just show a delivery confirmation number and will win the dispute 90% of the time.
People have done this before and still had their PayPal accounts frozen because PayPal explicitly states in their ToS that they won't process transactions for digital currency. There are already many threads on this board posted by people who thought they'd found a "loophole", including someone who shipped paperclips and gave BTC as a "free bonus". I'm pretty sure that the ToS are also written in a way which says they won't arbitrate disputes over digital currency, too - so there's no incentive for buyers to trust sellers.
|
All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
|
|
|
casascius
Mike Caldwell
VIP
Legendary
Offline
Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
|
|
November 17, 2012, 04:33:51 PM |
|
As I understand it, PayPal gave MemoryDealers hell just over selling Casascius Coins for PayPal. And that's as physical as Bitcoins can get.
|
Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
|
|
|
420
|
|
November 18, 2012, 07:55:47 AM |
|
I don't know why anyone would buy bitcoins on ebay. I doubt those sales are real.
CONVENIENCE AND FAMILIARITY
|
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
|
|
|
TheButterZone
Legendary
Offline
Activity: 3052
Merit: 1031
RIP Mommy
|
|
November 18, 2012, 08:06:03 AM |
|
|
Saying that you don't trust someone because of their behavior is completely valid.
|
|
|
|