Bitcoin Forum
June 01, 2020, 05:21:53 PM *
News: Latest Bitcoin Core release: 0.19.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 [33] 34 35 36 37 38 39 40 41 42 »
  Print  
Author Topic: Beware of PayPal and other reversible transfer services  (Read 326569 times)
Renzyp
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
October 22, 2017, 07:33:36 AM
 #641

Thanks guys I’m learning more and I want to learn more,, I enjoy reading more infformation here:-)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1591032113
Hero Member
*
Offline Offline

Posts: 1591032113

View Profile Personal Message (Offline)

Ignore
1591032113
Reply with quote  #2

1591032113
Report to moderator
sehanmaxx01
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
November 02, 2017, 10:20:13 AM
 #642

can i use my paypal for buy btc.?
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 2030
Merit: 2012


Exchange Bitcoin quicky--https://blockchain.com.do


View Profile
November 02, 2017, 10:38:14 AM
 #643

can i use my paypal for buy btc.?


You can use Virwox but the fees will be high and If you're dealing with individuals through Paxful or Localbitcoins, people may not trade with you because It's a reversible payment method and you're new to the site.

sicparvismagna
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
November 02, 2017, 10:41:45 AM
 #644

Thank you very much, this should definitely hint us that we our transactions with only trusted and those are in the longer industry like Paypal to help our money and out of reach of that money stealing scammers. This should definitely alert us in making transactions in those unreliable and no connection to bitcoin money transferring and money payment of bills and money online.
FLUZFLUZGLOBAL
Member
**
Offline Offline

Activity: 154
Merit: 10


View Profile
November 02, 2017, 07:14:30 PM
 #645

Middle man paypal account can be of your own i believe. You just create an account and use that to receive the funds and transfer to your main account so a charge back can not happen to lock your account.
mahdaoui imad
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
November 02, 2017, 11:00:49 PM
 #646

They expect you to use the legal system if the chargeback was fraudulent
DomIva
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile WWW
November 07, 2017, 10:49:35 AM
 #647

I found a cool way to send money back and forth WYRED.com I think its in beta right now.
Anyone had a chance to try it out?

https://preview.ibb.co/jBwT2b/Screen_Shot_2017_11_07_at_12_49_09.png

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)
intelligentdude
Member
**
Offline Offline

Activity: 87
Merit: 10

https://tokensale.cryptonity.io


View Profile
November 08, 2017, 08:39:20 PM
 #648

I had a very funny experience months back with Paypal. After releasing my product to the buyer, he did a charge back and i lost both my capital and my profit. It was really painful.

Nana21
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
November 09, 2017, 08:39:35 PM
 #649

So what is the safest way to sell btc and stay with the money you got payed
danpol
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
November 10, 2017, 02:14:34 PM
 #650

I had a very funny experience months back with Paypal. After releasing my product to the buyer, he did a charge back and i lost both my capital and my profit. It was really painful.

I've heard many stories like yours.
But I still don't understand what can cause the paypal or another system to do a charge back to buyer?
Maybe poor quality of product or something else?
mace029
Member
**
Offline Offline

Activity: 183
Merit: 10


View Profile
November 12, 2017, 01:16:00 PM
 #651

Thank you for this information. Now i am sure that I won't gonna use paypal as a mode of payments to the person that ay i don't know personally.
BanqueiroGordo
Member
**
Offline Offline

Activity: 81
Merit: 10


View Profile
November 13, 2017, 12:22:49 PM
 #652

What about Neteller?
EvaGC
Member
**
Offline Offline

Activity: 476
Merit: 11


View Profile
November 13, 2017, 05:00:29 PM
 #653

I actually didn't know that about PayPal... thank you
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 2030
Merit: 2012


Exchange Bitcoin quicky--https://blockchain.com.do


View Profile
November 13, 2017, 05:56:03 PM
 #654

What about Neteller?

Neteller itself don't have chargeback possibility but it all depends on the payment method used to fund the account. If for example someone fund his account using a credit card and then send you funds, If he contact the credit card company claiming the payment was unauthorized, there is a possibility that the will chargeback it and you will get affected. So, while dealing with Neteller, always ask for proof on how the account was funded. (If bitcoin for example was used, no fear).

doodle1958
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
November 14, 2017, 09:18:45 AM
 #655

What about Neteller?
Neteller itself don't have chargeback possibility but it all depends on the payment method used to fund the account. If for example someone fund his account using a credit card and then send you funds, If he contact the credit card company claiming the payment was unauthorized, there is a possibility that the will chargeback it and you will get affected. So, while dealing with Neteller, always ask for proof on how the account was funded. (If bitcoin for example was used, no fear).

Absolutely right!
No matter that transfer service is non-reversible (like Neteller or OKPAY), there is a possibility that the client will get chargeback if it was a payment via plastic card.
So this is not the fault of Paypal and it would be fair to change the name of the topic =)
Sajidawan1984
Newbie
*
Offline Offline

Activity: 7
Merit: 0


View Profile
November 15, 2017, 11:12:17 AM
 #656

I have experience to transfer money through pay pal and i always found this service very good
Instant payment through all over the world
adikwumg
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
November 15, 2017, 02:25:16 PM
 #657

I just got useful insight into currency exchange.great post
arcyemi
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile
November 18, 2017, 08:38:17 AM
 #658

I have been using PayPal for my transections, I never know that it can be reverse even after several weeks, I am going to be more careful from now on, thank you for this information.
HeartMender
Newbie
*
Offline Offline

Activity: 69
Merit: 0


View Profile
November 19, 2017, 03:02:47 PM
 #659

Yeah, have heard too many unpleasant stories about such stuffs and that's predominantly why i have sticked with Cryptos for now. Nice piece of information tho!
moneyafric
Member
**
Offline Offline

Activity: 275
Merit: 10


View Profile
November 19, 2017, 06:52:23 PM
 #660

What exactly has gone wrong with PayPal and others?

Can somebody share from experience what happened so as to prevent other community members from falling into that pit.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 [33] 34 35 36 37 38 39 40 41 42 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!