Why does paypal considered as scam attempt?

[chokesir]

I find it very odd...

Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?

There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.

PayPal is afraid of Bitcoin and the blockchain technology. That's why PayPal always rules in favor of the buyer/scammer. Charge backs are a necessity sometimes. If you're dealing with a shady business it's best to use PayPal or a credit card. Bitcoin doesn't have charge back because of the many scammers out there. The more options there the better.

Not true. PayPal doesn't allow any money exchanges and they limit account if found users dealing in digital currency / other payment processors like perfect money and so on. Their TOS are very strict and hence many users make such trades
without adding a note in the transaction to make it almost impossible for PayPal to track the transactions. Earlier they had issues with Liberty Reserve as well.

Basically Paypal blocks every competitor out. Which is a shame, since we have an open market.
In a way it's even sad, that they are so afraid of those virtual currency's

[1715324791]

1715324791

[Jet Cash]

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.

The other problem with PayPal is that they can decide their profits are down, and claim you were in breach of their terms, they then lock you account and seize your money. To get it back, you have to pay a fee. That's what they did to me, but fortunately I had moved the money out of the account, so they couldn't get it.

[whizz94]

they can decide their profits are down, and claim you were in breach of their terms, they then lock you account and seize your money. To get it back, you have to pay a fee

That sounds a bit suss for a multinational.  Did they really?

[DaddyMonsi]

Because of Paypals ability to charge back or reverse the payment sent to the other party. In this forum regardless of your tenure and forum rank everyone can do such scam attempt and it's regardless of how much the amount was paid using Paypal.

[avw1982]

Because of Paypals ability to charge back or reverse the payment sent to the other party. In this forum regardless of your tenure and forum rank everyone can do such scam attempt and it's regardless of how much the amount was paid using Paypal.

Dude PayPal use to send a promotional emails, hacking credit card details and more complaints they have on world wide. Since they have high transaction charges and other things. They were good before but their reputation is like thread less kite.

[Yoga4]

Scammers done waste their time reversing THROUGH PAYPAL, they use their time wisely and reverse THROUGH THE BANK. Once the bank reverses the transaction, paypal honestly has no choice but to simply refund the money. Aside from this method, a lot of scammers are actually using hacked bank accounts. So if you are selling Bitcoin on paypal, most of the time you are actually receiving a payment NOT from the original paypal account holder. So when the reversal comes in, its actually usualy not even the scammer, its someone that realized their paypal account was hacked and made a purchase. Its very hard to tell in this circumstance but either way you are shit out of luck to be honest.

[Rubberduckie]

Scammers done waste their time reversing THROUGH PAYPAL, they use their time wisely and reverse THROUGH THE BANK. Once the bank reverses the transaction, paypal honestly has no choice but to simply refund the money. Aside from this method, a lot of scammers are actually using hacked bank accounts. So if you are selling Bitcoin on paypal, most of the time you are actually receiving a payment NOT from the original paypal account holder. So when the reversal comes in, its actually usualy not even the scammer, its someone that realized their paypal account was hacked and made a purchase. Its very hard to tell in this circumstance but either way you are shit out of luck to be honest.

this is exactly right. Its much easier to just call your bank and they do it for
you. Then the scumbag hacker doesnt even need to explain himself or face
paypal or the person they are scamming.

[CoinEnthusiast]

Best to use a service like virwox if you want to buy or sell with paypal. You lose a bit in exchange but you will not be scammed. You should also be thankful for not having a banned account as Paypal if i remmeber correctly started banning account involving BTC due to the fact it's considered an ecurrency now and not digital goods.

The reason PayPal freezes accounts selling BitCoin is that PayPal has a blanket prohibition against using their service to operate a currency exchange.

There are a few articles out there on this. If you really have to I would find a trusted escrow and not one suggested by the person you are concerned about. Then as always do your research. To do something quickly will lead to a bad experience. If it's too good to be true, it probably is.