papadrams (OP)
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December 21, 2015, 09:24:56 PM |
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Hi guys,
I would like to share my thoughts about paypal..
From what i understand, there are 2 ways to send money through paypal.
First is as goods and services.
Second is as "transfer money to a friend or family"
Transering money as goods and services gives the sender the ability to take back the money with the excuse that the item or service is nos as described. Ideal for scammers..
Transfering money to a friend or family does not give you that option. So why nobody wants to trade like that? Why everytime someone even mentions paypal, he is accused as a scammer?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Teka
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December 21, 2015, 09:41:11 PM |
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Hi guys,
I would like to share my thoughts about paypal..
From what i understand, there are 2 ways to send money through paypal.
First is as goods and services.
Second is as "transfer money to a friend or family"
Transering money as goods and services gives the sender the ability to take back the money with the excuse that the item or service is nos as described. Ideal for scammers..
Transfering money to a friend or family does not give you that option. So why nobody wants to trade like that? Why everytime someone even mentions paypal, he is accused as a scammer?
My understanding with family and friends payment chargeback is still possible as you are able to claim "Unauthorized payment" |
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rammy2k2
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December 21, 2015, 10:37:15 PM |
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i dont understand why u post such question on a bitcoin forum, and more of it, why in marketplace section ?
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asa.convex
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December 21, 2015, 10:40:56 PM |
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Hi guys,
I would like to share my thoughts about paypal..
From what i understand, there are 2 ways to send money through paypal.
First is as goods and services.
Second is as "transfer money to a friend or family"
Transering money as goods and services gives the sender the ability to take back the money with the excuse that the item or service is nos as described. Ideal for scammers..
Transfering money to a friend or family does not give you that option. So why nobody wants to trade like that? Why everytime someone even mentions paypal, he is accused as a scammer?
You can still chargeback regardless of the method you send it by. It doesn't matter. |
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whizz94
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Solar Bitcoin Specialist
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December 21, 2015, 10:48:24 PM |
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The problem, if the $300 imposter email paypal account doing a chargeback against me is anything to go by, is that paypal appear to have an undocumented "official" policy to always allow a $ chargeback to go through at the expense according to paypal of the bitcoin seller, even when it is obvious that paypal allowed an unknown email to set up a paypal account and do a chargeback. Because paypal leave bitcoin sellers in the lurch at every opportunity, bitcoin sellers cannot risk trusting only a paypal id.
Should paypal official policy change to being more balanced; jail for someone attempting a chargeback fraud from stolen email accounts, then please could paypal issue a news release so that everybody knows that the line has been shifted to a more balanced position than it was in last year.
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papadrams (OP)
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December 21, 2015, 10:52:34 PM |
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I have recently send money to my brother through paypal because i wanted to try if i can dispute the payment. If i try to dispute it then this appears:
"We're sorry, but this transaction cannot be disputed because it is not a purchase of goods or services. Please contact the recipient directly".
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papadrams (OP)
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Activity: 112
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December 21, 2015, 11:07:47 PM |
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i dont understand why u post such question on a bitcoin forum, and more of it, why in marketplace section ?
Because the bitcoin forum considers paypal transactions scam attempts.. What kind of question is this??? About the section, to be honest, i didn't know where i should post it.. |
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Teka
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December 21, 2015, 11:09:42 PM |
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I have recently send money to my brother through paypal because i wanted to try if i can dispute the payment. If i try to dispute it then this appears:
"We're sorry, but this transaction cannot be disputed because it is not a purchase of goods or services. Please contact the recipient directly".
You have to contact your bank and they will chargeback for you. The issue is that many people here could be using stolen paypal accounts or debit cards that will be reversed and marked as unauthorized transactions. |
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mexxer-2
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December 21, 2015, 11:09:53 PM |
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Chargeback from credit cards, scammers always find new ways to scam .
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mtnsaa
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December 21, 2015, 11:13:19 PM |
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From my knowledge it is because Paypal is a refundable method of payment and Bitcoin is not. So if they send money first you would think it's finished and send BTC but they can reverse that payment and leave you with nothing. I don't know how easy it is though, but Paypal always side with the sender in this case.
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papadrams (OP)
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December 21, 2015, 11:21:33 PM |
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Fair enough, finally an answer.  |
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Teka
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December 21, 2015, 11:30:35 PM |
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Fair enough, finally an answer. I give you the answer in the first reply but whatever. |
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papadrams (OP)
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December 22, 2015, 09:39:19 AM |
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Didn't want to offend you but you just said that there is a way to dispute. Later we found out how  |
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mobnepal
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December 23, 2015, 05:25:06 PM |
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I was got scammed today but i was sending paypal. Seller doesn't send bitcoin so i have opened dispute as i have not received digital item i was supposed to recieve. Hope i will get my money back. Have never tried their dispute feature before.
Paypal seem to be reversible see what will happen.
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KWH
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Merit: 1045
In Collateral I Trust.
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December 23, 2015, 05:30:12 PM |
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I was got scammed today but i was sending paypal. Seller doesn't send bitcoin so i have opened dispute as i have not received digital item i was supposed to recieve. Hope i will get my money back. Have never tried their dispute feature before.
Paypal seem to be reversible see what will happen.
As per Paypal's TOS, digital items are NOT covered. Unless a credit card or hacking claims are filed. This is very old news, don't people read TOS anymore? |
When the subject of buying BTC with Paypal comes up, I often remember this:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
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HarryKPeters
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December 24, 2015, 12:15:16 PM |
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Because people trade in paypal account the ID you need to make a verified paypal account can be fake. This gives scammers a lot of play ground to buy accounts do some little transactions and then try to scam someone saying they have a verified account (whom are mostly hacked)
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LuckyYOU
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December 24, 2015, 12:46:07 PM |
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Because people trade in paypal account the ID you need to make a verified paypal account can be fake. This gives scammers a lot of play ground to buy accounts do some little transactions and then try to scam someone saying they have a verified account (whom are mostly hacked)
Most people selling those accounts are hackers and they should be punished real hard. It's very low to sell stolen goods and information. But yes this is the reason most people here wanting to use paypal (mainly newbie's and jr. members) are called scammers. I am sure there are some real honest people too, but for me paypal is a no go when dealing on a forum. |
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Oscoda
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December 25, 2015, 12:04:43 AM |
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Because people trade in paypal account the ID you need to make a verified paypal account can be fake. This gives scammers a lot of play ground to buy accounts do some little transactions and then try to scam someone saying they have a verified account (whom are mostly hacked)
This. Paypal is ok in regards of their service and checks. But if an account is hacked you will lose your money. The bad thing is when sending money you can't see if the account is hacked because paypal needs to verify it.. |
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equator
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December 25, 2015, 03:46:27 AM |
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Hi guys,
I would like to share my thoughts about paypal..
From what i understand, there are 2 ways to send money through paypal.
First is as goods and services.
Second is as "transfer money to a friend or family"
Transering money as goods and services gives the sender the ability to take back the money with the excuse that the item or service is nos as described. Ideal for scammers..
Transfering money to a friend or family does not give you that option. So why nobody wants to trade like that? Why everytime someone even mentions paypal, he is accused as a scammer?
I think now you got your reply regarding paypal considering it as scam. because their are lot of ways through which you can cheat anyone through paypal and apart from their their service charges and transaction charges are too high to use it. Bitcoin transaction charges are low and very easy. and you dont have to give any identification. and it is not reversible. even if you send wrongly you can do nothing. |
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Zadicar
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December 25, 2015, 06:13:01 PM |
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From my knowledge it is because Paypal is a refundable method of payment and Bitcoin is not. So if they send money first you would think it's finished and send BTC but they can reverse that payment and leave you with nothing. I don't know how easy it is though, but Paypal always side with the sender in this case.
But from the above posts, they cannot charge back from the Paypal directly, they can only charge back through their bank? |
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