Bitcoin to Paypal Exchange Against Terms of Acceptable Use PolicySince September, an increasing number of bitcoin startups and exchange have begun offering bitcoin-to-paypal payment processing services, allowing users to send bitcoin to international paypal accounts with substantially low transaction and conversion fees.
Bitcoin exchanges such as Bitwala, leading European bitcoin payment company have introduced secure and quick bitcoin-to-paypal transfer service, with service fees ranging from 0.5% to 4%.
“For only 0.5% fee we transfer Bitcoin to PayPal accounts you want. You don’t need a bank account or a credit card. Bitcoin makes services like PayPal accessible for anyone worldwide,” announced the Bitwala team.
However, according to the PayPal Acceptable Use Policy updated on July 1, 2015, using bitcoin to transfer or “top-up” Paypal is “illegal,” as it violates one of the terms of the official policy:
“You may not use the PayPal service for activities that relate to transactions that involve currency exchanges or check cashing businesses”
Although many exchanges and bitcoin payment service providers claim bitcoin-to-paypal transfer service is legitimate and “legal,” it clearly violates one of the terms of the PayPal Acceptable Use Policy regarding currency exchange.
http://www.newsbtc.com/2015/11/26/bitcoin-to-paypal-exchange-against-terms-of-acceptable-use-policy/
