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Author Topic: Beware of PayPal and other reversible transfer services  (Read 326562 times)
OmegaStarScream
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January 28, 2018, 10:10:39 AM
 #721

i try to visit the site but i think its broken..need help guys..thanks in advance

The forum was moved from Bitcoin.org to Bitcointalk.org so just copy the topic number: https://bitcointalk.org/index.php?topic=22255.0 There is nothing useful there though, as the link he posted is down as well.

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January 29, 2018, 02:17:36 AM
 #722

Im still using paypal . may i know what's the best method to pay "

see this i think it will help. https://99bitcoins.com/buying-bitcoins-with-paypal-a-practical-guide/
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January 31, 2018, 04:24:40 AM
 #723

Thank you for your information I will be wary Wink

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February 10, 2018, 04:23:53 PM
 #724

A lot of people tend to trust VirWox

VirWox Fees are very high
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February 12, 2018, 09:25:44 AM
 #725

But for western union I think its abit safe since in most WU transfers there is no wallet involved.. The intention of the sender is clearly interpreted interpreted and the receiver can withdraw funds three minutes after the transfer has been effected
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February 13, 2018, 08:54:38 AM
 #726

I think the cheapest option to fund your account is bank transfer. It cost me nothing when i did it. But when i used my credit card, they charged me around 5% of the total amount 
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February 24, 2018, 12:16:45 PM
 #727

I personally use VirWox and it works very well for these operations
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February 26, 2018, 10:07:21 AM
 #728

thanks for info

Don't look down, Never fade out. Whoever was on the Major or the last IEM knows what I'm talking about. Counter Strike between everything. No doubt about it. Preditions ? Dunish team Astralis are legends.  Whether in Rio de Janeiro, Germany or in Ughanda or whatever. Why an esports? Why not? What's the difference between electronic and field competition? What makes CS:go tips better and League of legends, Dota 2 and Call of Duty so mega popular? The best page about Counter Strike ? HLTV. The best site for discussions and analysis for esports matches? esports betting. I use both of them for tips, for analysis and predictions. The best organized esport and revolutionary of the e-sports scene - Lolesports - official + lol tips. The best organized events and something that looks epic in itself without playing - ESL gaming ! Which way is esports going? Is it going to change fundamentally in the next few years? How will the games change and will the most popular sports remain ? Can Overwatch or Pubg compete with Fortnite ?  Can Rainbow Six or Call of duty be a powerful for longer ? How does Hearthstone compete ? Will the scene of tournaments and online competition be even bigger? Where is the limit? And why are games and esport becoming so popular? What are the benefits ? Or maybe it's evil and the whole world is going to huge wasteland ?
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February 26, 2018, 11:21:00 AM
 #729

Or just use a screencast video of you paying via 'friends and family', which doesn't allow chargebacks
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March 02, 2018, 12:17:47 AM
 #730

hi fellow BTC'ers....I have been seeing these listings  where you send btc  for $ paypal my cash......anyone have experience with this service?  Is there any success on this ever?? 

Don't look down, Never fade out. Whoever was on the Major or the last IEM knows what I'm talking about. Counter Strike between everything. No doubt about it. Preditions ? Dunish team Astralis are legends.  Whether in Rio de Janeiro, Germany or in Ughanda or whatever. Why an esports? Why not? What's the difference between electronic and field competition? What makes CS:go tips better and League of legends, Dota 2 and Call of Duty so mega popular? The best page about Counter Strike ? HLTV. The best site for discussions and analysis for esports matches? esports betting. I use both of them for tips, for analysis and predictions. The best organized esport and revolutionary of the e-sports scene - Lolesports - official + lol tips. The best organized events and something that looks epic in itself without playing - ESL gaming ! Which way is esports going? Is it going to change fundamentally in the next few years? How will the games change and will the most popular sports remain ? Can Overwatch or Pubg compete with Fortnite ?  Can Rainbow Six or Call of duty be a powerful for longer ? How does Hearthstone compete ? Will the scene of tournaments and online competition be even bigger? Where is the limit? And why are games and esport becoming so popular? What are the benefits ? Or maybe it's evil and the whole world is going to huge wasteland ?
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March 07, 2018, 02:20:48 AM
 #731

Hi.

What time it takes to pay pal to transfer funds from the counterparty to the counterparty.
Thanks
Why would you want to do that?
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March 07, 2018, 02:46:51 AM
 #732

Or just use a screencast video of you paying via 'friends and family', which doesn't allow chargebacks

You are wrong there.

When the subject of buying BTC with Paypal comes up, I often remember this: 

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein
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March 07, 2018, 10:03:50 PM
 #733

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.

I see trade offers which is not 1:1 between BTC & PP. Like pay 30 usd as btc and get 33 usd via paypal. What is the purpose of it? Assume you did it through a trusted escrow and not it's also not reversed; so what risk you get? Or how to do it, what kind of wallet or intermediate ways not to get tracked?
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March 08, 2018, 07:00:28 AM
 #734

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.

I see trade offers which is not 1:1 between BTC & PP. Like pay 30 usd as btc and get 33 usd via paypal. What is the purpose of it? Assume you did it through a trusted escrow and not it's also not reversed; so what risk you get? Or how to do it, what kind of wallet or intermediate ways not to get tracked?

The rates are not with PayPal only. It's usually justified by the risks of dealing with someone using a reversible payment method or the volatility of bitcoin price.

It's useless to use an escrow with reversible transfer services but If you ever do that and the transaction didn't get reversed, there are no other risks. (keep in mind that someone could reverse even after months of the transaction). As for the last part of your question, I'm not sure what do you mean by getting tracked.

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March 08, 2018, 07:40:01 AM
 #735

I'm not sure what do you mean by getting tracked.

What i mean why someone sells money without 1:1 ratio? The risk what i meant is getting traced by the gov. You earned some bucks like %110 ratio, you have it in paypal, right? Now you'll withdraw these, right? Assume that photo ID is valid or whatever. If you withdraw, what is the risk you get? I'm not only saying what if money will be get reversed or not; it's a risk yes, but not the legal risk.

Cheers.

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March 09, 2018, 08:06:55 AM
 #736

What i mean why someone sells money without 1:1 ratio? The risk what i meant is getting traced by the gov. You earned some bucks like %110 ratio, you have it in paypal, right? Now you'll withdraw these, right? Assume that photo ID is valid or whatever. If you withdraw, what is the risk you get? I'm not only saying what if money will be get reversed or not; it's a risk yes, but not the legal risk.

Cheers.

I doubt there is such law because It doesn't make much sense, bitcoin rates are different from exchanges so instead of saying preev.com +5% for example, one could simply use the exchange with the highest price. I'm far from being able to give you a legal advice, so I suggest checking this with a lawyer or something. Either way, you're dealing with an individual so your bank/paypal can't really know the purpose of the transaction and the rates unless they has been mentioned in a message from the sender.

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March 09, 2018, 01:28:58 PM
 #737

I sold a computer power supply on ebay using paypal. Well the guys paid then wrote me it is broken. Before I could answer him my paypal was minus. He toke his money back. But it is not that simple anymore! The money he took back was put in a special account. He was required to send me the Power Supply before the money was released.
I would assume a plan money transfer is the same. But dont know but worth looking into!
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March 21, 2018, 01:00:17 PM
 #738

Thank you very much for this infor Grin Grin
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March 21, 2018, 01:27:37 PM
 #739

Thank you theymos for the information you shared. I have a Paypal account and I tried it in purchasing an android app. But since you warn us I will avoid using it and try other payment portal like coins.ph and Paymaya.
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March 29, 2018, 02:39:50 PM
 #740

good to know..
Are there any ways to increase the reputation?

You need to assure customers that using Paypal is efficient, no delays..
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