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Author Topic: Beware of PayPal and other reversible transfer services  (Read 243638 times)
420
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August 04, 2012, 07:05:18 AM
 #61

Why is Dwolla bad?

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August 04, 2012, 07:06:57 AM
 #62

You could exchange in person...


http://btcnearme.com/



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so that site all works in the background, coordinating people in the same zip code? how come no list of people

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August 05, 2012, 09:37:56 AM
 #63

I still do not see any problem with paypal as long as both parties trust eachother and are not scammers. It's a matter of trust and not saying any keywords which would alert paypal.
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August 29, 2012, 09:35:38 AM
 #64

Has anyone seen issues with SMS payments for merchants?

http://www.mobiletransaction.org/sms-payments/regulation/security-issues
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September 21, 2012, 10:34:24 AM
 #65

I still do not see any problem with paypal as long as both parties trust eachother and are not scammers. It's a matter of trust and not saying any keywords which would alert paypal.

+1

I've been buying BTC with Paypal on here and have had some great experiences. I have bought from unclescrooge, BCB, and PTSeller with Paypal and all the transactions were flawless, fast, and easy...can't say enough good things about those members.

There's a lot of scammers out there especially when it comes to Bitcoins but some of us Paypal users AREN'T scammers. I cherish my Paypal account and use it a lot so I don't want to get stuck disputing transactions or risk losing my Paypal account over a Bitcoin purchase.

This thread is excellent in warning users here about the potential problems that can arise when accepting Paypal as payment for Bitcoins and I think every seller needs to take lots of precaution if they go the route of accepting Paypal...however not all of us are bad!

For members who are really genuine about buying bitcoins with Paypal I recommend that you do whatever it takes to make the BTC seller comfortable and show you mean business by providing things such as: full name/address, phone verification, sending an email through your Paypal account, a copy of your Photo/government-issued ID, a message stating you have received the goods you have purchased, etc. I have had no problem buying BTC with my Paypal account when I have provided that information to the seller.
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November 29, 2012, 11:49:14 PM
 #66

I think chase quick pay should be added to this list.  it is complete reversible if the sender of the funds claims fraud.
Giulio Prisco
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January 28, 2013, 10:02:08 AM
 #67

Last year I sold BTC to a scammer who charged back:
https://bitcointalk.org/index.php?topic=28439.0

But I kept a record with screenshots of our exchange on this public Forum. Though the scammer changed his handle several times and did all the other things that you can imagine, at the end Paypal gave reason to me and I kept the cash. It was quite tiring and time consuming though, and as a result I will never sell BTC over Paypal again. Western Union cash seems a good option, and face to face even better.

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January 28, 2013, 02:26:29 PM
 #68

BEWARE OF PAYPAL !!!!
I HIGHLY RECOMMEND DO NOT TRADE BITCOINS WITH PAYPAL
THEY ARE FEREEZING MANY ACCOUNTS

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February 05, 2013, 03:12:25 AM
 #69

I still do not see any problem with paypal as long as both parties trust eachother and are not scammers. It's a matter of trust and not saying any keywords which would alert paypal.


Me either I have been saying the same thing for months on IRC all of my transactions are for paypal and I have almost 0 charge backs. Only one wasnt my fault . Taking payment with paypal is fine, i just look at it like this if 99% are good and a few scammers might get threw once here or there I can live with that. So it is just about who isnt going to charge back.

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February 26, 2013, 10:12:26 PM
 #70

Paypal is not easily charged back that is a myth. It is very difficult to charge back when sent as a gift. In fact it is not possible to charge back if it was sent form the home IP address of the user.
Paypal is great for BTC deals if you know what you are doing.

bitsource
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March 11, 2013, 11:54:18 AM
 #71

What are you talking about? Tongue

If they send you the payment as a gift (there is an option to do so), they CANNOT charge you back / get a refund. Another way to stop them from charging back is to immediately send the money to another Paypal account, be it a company account, a friend / relative's account, or just a spare one that you have. If the money isn't in the account, they can't charge you back. (;

Yes they can, and your account goes negative. Regarding sending the funds to other account - believe me - they (PP) simply freezes both accounts and you ar stuck in limbo for months and months with no access to your monbey. Conclusion - stay away from Paypal. Paypal and Bitcoins don't mix!!!

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March 11, 2013, 02:41:44 PM
 #72

i am using neteller, which so far has resulted in ZERO problems.
anyone know anything different?
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March 21, 2013, 08:24:09 PM
 #73

Paypal is not easily charged back that is a myth. It is very difficult to charge back when sent as a gift. In fact it is not possible to charge back if it was sent form the home IP address of the user.
Paypal is great for BTC deals if you know what you are doing.

Yep, correct. PayPal reversibility is more of a marketing gimmick - while possible in theory, practically it's quite complicated. So good for us, Bitcoin users.
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March 22, 2013, 02:44:44 AM
 #74

how can a gdmp be reversed?
hiima
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April 05, 2013, 01:20:48 AM
 #75

You could exchange in person...


http://btcnearme.com/



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I just have to laugh... you are currently asking $35US for this 'tip'.  LOL!

That was way back in 2011, when .25 btc was a lot less.

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Moebius327
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April 16, 2013, 06:21:53 PM
 #76

Ist it safe to buy BTC with Paysafecard?

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April 16, 2013, 06:30:39 PM
 #77

You can sell BTC for PayPal US using bitmit.net. Just find someone with positive feedback to send you the paypal.

Cheers,

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ISAWHIM
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April 29, 2013, 02:01:34 AM
 #78

This is where BTC excels.

Once it's paid, it's paid. Nobody gets to lie or manipulate any manager or customer support personnel to 'reverse' a payment since it's impossible.

Sure it has it's risks, but I'd rather take those, than risk being charged back even up to 90/180 days after a transaction happened.

You can still "sue" them... (Provided you were "smart" enough to get real information for legal proceedings to take place.)

Just as you can't "get back a dollar", after you have handed it to someone... unless you physically take it, or legally sue them for it back.

BTW, there is a "way around paypal", with two-way trust and through any third-party escrow mediator.
1: You pay the escrow-service. (bitcoins) {Confirmed by video-receipt of the "confirmed" transaction, which both of you witness}
2: They "declare/state/agree", that they are "paying for services rendered", then pay the escrow-service, or you. (paypal buyer)
3: Then they simply have to leave a review, OR send a reply to you, thanking you for the successful delivery of the "service".
4: Then the coins are sent, and confirmed by video, to the recipient. (Once confirmed, the escrow-service would then release the paypal funds, if they were held there.)

I didn't say it was "easy", but that is how you legally get around it. They are paying for a "Service previously rendered/being rendered" and they "admit they were given the service", thus, it is not "refundable", as you have the proof of delivery and satisfaction. If they "accidentally reverse the transaction", paypal will reverse it again for you, once you contact them with proof. The proof is in the paypal system, or ebay system (same company), and the addition of "recorded video transaction" by you and a witness, confirms the delivery. (The "delivery" was the service, not the bitcoins. Bitcoins was just the content of the delivery, and irrelevant to the "service". EG, like postal delivery. You pay for the delivery, not the contents of the package, from the post-office.)

Obviously, selling to a stranger is just, dumb... based on "nothing", since "trust" is not there. This removes the "stranger", and adds "trust". For the most-part... (Still, anyone can provide fake credentials, or still be scamming, or "make other claims"... (BTW, if both parties attempt a "reversal" and both dispute the owner, then paypal simply locks the money, and only releases it after a "court order" pending a trial and "clear winner".) Thus, the "buyer/seller protection" they offer, and YOU agree to, on every purchase you make.) Banks do the same thing also.

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April 30, 2013, 11:03:07 AM
 #79

Yeah yeah yeah yeah - but who wants to sell me 1.0 BTC via Paypal?

 Grin

I'll pay 10% above mt.gox just for the convenience.

Reason Why:

I'm from the UK, with a UK bank account, yet living in Malaysia (island of Borneo). My bank insists on automatically phoning me with a code number to input online but the system falls flat on its face with a Malaysian phone number. Yes I'm sure there's ways around it, I could buy Linden dollars from somewhere and exchange em somewhere else and all that but I just can't be asked.

The more I look into it the more it gives me a headache!

I just want to buy 1.0 BTC, stick 0.75 of it in my offline wallet, keep the rest for tips and show friends how it works, and to be able to say "I bought me a bitcoin" instead of just talking about the things and driving me wife nutz..

This is me:

www.salescopywriter.net

This is also me:

www.copywriter-ac.com

I regularly receive payments of $1500 to $3500 from Paypal and my reputation online is priceless, so I'm not going to &$#@ you or Paypal around.

Of course trust goes both ways, so preferably someone with a lot of posts/good reputation on here they don't want to lose.  Smiley


Says you?

UPDATE  - Have purchased via Battmann. Yay!

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May 01, 2013, 03:53:30 AM
 #80

I am trying to sell LTC for the first time. I have accounts on bct-e and vircurex but I am not understanding how the usd I get from selling gets into my bank account. can someone point me in the right direction? I am having a hard time finding a post about this but there has to be one... thanks

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