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Author Topic: Why don't Mt Gox accept paypal?  (Read 1248 times)
Mageik
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June 08, 2011, 03:01:25 PM
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Hi!

I'm new to this bitcoin business, but I was looking at ways to buy bitcoins on Mt. Gox, when I noticed that you couldn't refill funds to your mt gox account with paypal, only with services like Dwolla, Liberty Reserve, etc. Why is it so? I'm sure it works great for people in USA, but anywhere else it's kind of a nuisance having to use another kind of payment service other than what's most commonly used. I prefer to have my money on as few places as possible, don't feel like making a dwolla account just fro the sake of buying bitcoins  Undecided
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Grant
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June 08, 2011, 03:07:11 PM
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Because paypal leads to chargebacks (on virtual items like bitcoins) which = scam.

If you have no option to get dwolla, to eurowire, or LB. You can use virwox.com with paypal, to then buy L$ and then with L$ buy BTC, and then you can transfer those to mtgox.

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June 08, 2011, 03:37:07 PM
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Ah, well that makes sence. What is L$?
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June 08, 2011, 03:38:59 PM
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Also apparently it is against paypals policy. They have frozen accounts that have dealt with bitcoins.

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June 08, 2011, 04:05:27 PM
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Because you can buy stolen paypal accounts by the hundreds on fraud forums and clean out anybody stupid enough to sell bitcoins for it
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