Beware of PayPal and other reversible transfer services

[TheButterZone]

Can you get chargebacked scammed with Skrill?

I want to start trading

Yes, you can.
Anything that's funded by credit card can be charged back.

Are there any relatively popular payment gateways that actually prevent chargeback scamming?

Yes, and they're all in the cryptocurrency world, where it's impossible to chargeback.

[needyou]

Hello,
what about Payza and Skrill is there possible to chargeback if was paid not by credit card? But using Payza and Skrill funds?

Thank you for the help!

[sardasa]

Hello,
what about Payza and Skrill is there possible to chargeback if was paid not by credit card? But using Payza and Skrill funds?

Thank you for the help!

Payza - Yes.
Skrill - No unless account is hacked & actual owner complains to SKrill that this payment was unauthorised.

[guillermozigu56]

I see way too many threads where new users are getting flamed

[Mauser]

I see way too many threads where new users are getting flamed

That is because of too many scammers on the internet. People want to get their hands on bitcoins and preferably don't pay for it. I mean you wouldn't trust a stranger on the strange with your money, or would you? It is always better to rank up your accoutn first before looking for trades without escrow.

[needyou]

Need help, got scammed, I paid by Payza for BTC and seller run out, is there any change to get my money back? :O

[sardasa]

Need help, got scammed, I paid by Payza for BTC and seller run out, is there any change to get my money back? :O

Open a ticket in resolution center.

[needyou]

Open a ticket in resolution center.

If I will open a ticket in resolution center can it cause my account will be closed because I bought BTC?

[sardasa]

Open a ticket in resolution center.

If I will open a ticket in resolution center can it cause my account will be closed because I bought BTC?

Don't tell you bought BTC.

[Gutembergin]

Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.

This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.

Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)

This is why PayPal will be beaten one day by a coin like Bitcoin! thanks for the heads up

[bitcoincut]

In essence this is a general reason why some people literary freak out when I ask them to pay me in the bitcoin.

[Fedorfan]

You can actually get a decent small loan using Paypal to buy through Virwox on a Friday night. Emergency funds or whatnot for 3 days. :-) I only got $400, but that was by choice. I wonder what I actually could've maxed out at? lol

[hotcoin010309]

Why Paysafecards is not safe?

[Kyhm]

Thanks mate!!
I do use Paypal Account transaction in most of my account, because it's the only account I know and do have which is accessible to all that is connected to others.

[vashpj]

yeah...it is very risky to transact from paypal...for me if posible i will use a paypal dummy account to receive the money then transfer to main account before sending the BTC amount.

[Timelord2067]

yeah...it is very risky to transact from paypal...for me if posible i will use a paypal dummy account to receive the money then transfer to main account before sending the BTC amount.

Archived for future reference...

http://archive.is/1IpPn
http://archive.is/1IpPn#selection-5739.0-5739.183

[TheButterZone]

yeah...it is very risky to transact from paypal...for me if posible i will use a paypal dummy account to receive the money then transfer to main account before sending the BTC amount.

And then PayPal pulls the money out of your main account, through the dummy account, all the way back to the chargebacker.

[OmegaStarScream]

yeah...it is very risky to transact from paypal...for me if posible i will use a paypal dummy account to receive the money then transfer to main account before sending the BTC amount.

And then PayPal pulls the money out of your main account, through the dummy account, all the way back to the chargeback.

As far as I know , PayPal never does that. The only thing they would do is take the balance from your account , If you don't have any then your balance will become negative , once you deposit an amount , It will be sent to whoever chargebacked the transaction.

[TheButterZone]

yeah...it is very risky to transact from paypal...for me if posible i will use a paypal dummy account to receive the money then transfer to main account before sending the BTC amount.

And then PayPal pulls the money out of your main account, through the dummy account, all the way back to the chargeback.

As far as I know , PayPal never does that. The only thing they would do is take the balance from your account , If you don't have any then your balance will become negative , once you deposit an amount , It will be sent to whoever chargebacked the transaction.

Years-long veterans of #bitcoin-otc will tell you about the domino PayPal chargebacks if you don't believe this one.

Ex:
Chargebacker sends to dummy account with $0 in it
Dummy account sends 100% to main account, dummy account returns to $0 balance
Main account either withdraws to bank or leaves it on PayPal balance or otherwise spends it

Chargebacker chargebacks
Dummy account with $0 goes negative
Main account either goes negative, PayPal balance is sent back to the chargebacker, or in some cases, the bank account they withdrew to is debited back to the chargebacker

[jhood2880]

Wish I would have seen this thread a year ago. I was burned by someone on ebay/paypal for 2 bitcoins. Wont use paypal again.