Bitcoin Forum
November 21, 2018, 05:15:23 AM *
News: Latest Bitcoin Core release: 0.17.0 [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 »
  Print  
Author Topic: Beware of PayPal and other reversible transfer services  (Read 305536 times)
Mazarin07
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
May 29, 2018, 12:13:01 AM
 #761

Beware of PayPal?
Maybe scammers must beware of Paypal, because PP is a safe money transfer platform, where the buyer can get back his/her money if the seller didn't deliver as promised. Surely, I can understand that those who want to fish in troubled water try to avoid this service.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542777323
Hero Member
*
Offline Offline

Posts: 1542777323

View Profile Personal Message (Offline)

Ignore
1542777323
Reply with quote  #2

1542777323
Report to moderator
jordi_crypto
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
June 07, 2018, 07:13:43 PM
 #762

Paypal is total rip off if you ask me. When you need them they not there. at least thats my experience.
nguyennnhatttruongazzz
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile
June 08, 2018, 12:45:14 PM
 #763

Everybody should be careful with their money transfers. Now that hackers and scammers are increasing with so much expertise, I think PayPal or other things are not faulted, they have tried to do Good and I trust them (PayPal) They are innocent. Please think more positively: D Thank you for the warning Smiley
700G
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
June 12, 2018, 07:22:51 PM
 #764

Well, this is news to me and good to know. Thank you!

Learning, always learning!

I've done a good bit of business thru Paypal, luckily have not yet had this problem.
Bros_3
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
June 13, 2018, 06:32:03 AM
 #765

Exchange of currencies become a major problem for the Currencies holder because in some countries they are banned and currencies holder invest their most of the money on it.

Blockchain transactions are not reversable while paypal transactions are ...Beware of PayPal and other reversible transfer services. So before trading BURST/FIAT this way ensure the person offering can prove any reputation or escrow.

PayPal is a favorite tool for sending and receiving money online. It is one of the oldest services available, but whenever you link your financial accounts to an online service, security should be at the top of your mind. So how safe is PayPal?

For the most part, it’s safe to use the service and link accounts to PayPal, but it ultimately depends on what your concerns are.

Buyers will find that PayPal is an easy and secure way to make purchases.

Sellers can also benefit from using PayPal, but there are risks to be aware of. Those risks aren’t unique to PayPal, but some sellers are unaware of potential problems.

What happens if somebody spends money from your PayPal account without your permission, or if you pay for an item that never arrives?


Buyer Protection: PayPal’s Buyer Protection and Account Protection programs might reimburse you. To take advantage, you need to report the transaction quickly, but Buyer Protection does not cover all transactions. Buyer Protection is similar to the benefits you get with a credit card: You can reverse the charges if the seller fails to deliver what was promised.

Before you rely on Buyer Protection, read PayPal's policies to ensure that the service is available for any payment that you're concerned about. Some transactions are not eligible.
sarata15
Jr. Member
*
Offline Offline

Activity: 54
Merit: 10


View Profile
June 19, 2018, 11:14:40 AM
 #766

Exchange of currencies become a major problem for the Currencies holder because in some countries they are banned and currencies holder invest their most of the money on it.

Blockchain transactions are not reversable while paypal transactions are ...Beware of PayPal and other reversible transfer services. So before trading BURST/FIAT this way ensure the person offering can prove any reputation or escrow.

PayPal is a favorite tool for sending and receiving money online. It is one of the oldest services available, but whenever you link your financial accounts to an online service, security should be at the top of your mind. So how safe is PayPal?

For the most part, it’s safe to use the service and link accounts to PayPal, but it ultimately depends on what your concerns are.

Buyers will find that PayPal is an easy and secure way to make purchases.

Sellers can also benefit from using PayPal, but there are risks to be aware of. Those risks aren’t unique to PayPal, but some sellers are unaware of potential problems.

What happens if somebody spends money from your PayPal account without your permission, or if you pay for an item that never arrives?


Buyer Protection: PayPal’s Buyer Protection and Account Protection programs might reimburse you. To take advantage, you need to report the transaction quickly, but Buyer Protection does not cover all transactions. Buyer Protection is similar to the benefits you get with a credit card: You can reverse the charges if the seller fails to deliver what was promised.

Before you rely on Buyer Protection, read PayPal's policies to ensure that the service is available for any payment that you're concerned about. Some transactions are not eligible.

Thank you
In the era of the development of high technology and the use of blockchain with payment systems such as PayPal, one must take into account all possible barriers and conditions for the exchange or acceptance of the btc.
Useful information for beginners.







lewisrafael40
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
June 21, 2018, 08:54:39 AM
 #767

Have been using PP for more than 10 years and see there nothing to beware of. Yet, thanks for the advice.
jessica2020
Newbie
*
Offline Offline

Activity: 116
Merit: 0


View Profile
July 05, 2018, 01:27:44 AM
 #768

Thank you for the info Theymus. It will help us to avoid scammers in our transactions. Theres a lot of way that scammers could do, so we need to be more wiser than them.
mekie
Jr. Member
*
Offline Offline

Activity: 238
Merit: 2


View Profile
July 18, 2018, 08:51:21 PM
 #769

Charge back issues are not just a problem for crypto traders, it is a big problem for basically anyone who takes card payments. I know of a case where a software company providing back office work for a number of MLM companies (payment, admin etc) lost a  7 figure sum when the banks decided not to pay the retained money in the accounts.

I would advise against using any transfer service that allows chargebacks unless you know the other party very very well indeed.

▬▬▬▬▬▬▬  ●      DAFZO.io      ●  ▬▬▬▬▬▬▬
CONTRIBUTE in PRIVATE SALE OFFERING 50% BONUS
moneyafric
Member
**
Offline Offline

Activity: 277
Merit: 10


View Profile
July 25, 2018, 07:34:01 PM
 #770


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
OmegaStarScream
Staff
Legendary
*
Offline Offline

Activity: 1470
Merit: 1135


Hire BOUNTYPORTALS>Bounty management goo.gl/XKv9TK


View Profile
July 25, 2018, 07:55:51 PM
 #771


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

BTC-E closed and re-opened as Wex.nz. I'm not sure of your question but the procedure is simple (assuming that they support that), the exchange send you fiat to your bank account in exchange of your LTC or BTC.

As for Vircurex, I never heard of the exchange but after some searching, It seems like they have a class-action lawsuit against them and they are not longer operating.

celeNG666
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
July 26, 2018, 10:02:39 AM
 #772

Im not really use that kind of services... but thanks for the information... Im really apreciated it  Wink
Giardesano
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
July 27, 2018, 10:38:24 AM
 #773

Is Circle Pay a reversible transfer service?
MadGamer
Legendary
*
Offline Offline

Activity: 1302
Merit: 1016



View Profile
July 27, 2018, 12:53:04 PM
 #774

Is Circle Pay a reversible transfer service?

Just like the Neteller, Skrill and the rest of payment methods. If the account was funded using crypto, no, otherwise yes. I suggest reading the full User agreement so you know what you're getting yourself into:

Quote
Once a bitcoin transaction has been initiated, it cannot be reversed. Deposits using a bank account, debit card, or credit card may be reversed or may be subject to a chargeback or related claim.



¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦
¦¯¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¯¦¦¦¦¦¦¦¦¦¦_¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦_
¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦_
¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¯¯¦¦¦¦¦¦¦¦¦¦_
¦¦¦_¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦_
¦_¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦_
¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦
.XERA.¦
¦
¦
¦
¦
¦
¦
¦
 
[/center
vutienthanh
Newbie
*
Offline Offline

Activity: 322
Merit: 0


View Profile WWW
July 30, 2018, 05:50:29 PM
 #775

This is why the ecommerce model, Shopify online shopping needs to have Paypal presence in the payment. To assist shoppers with the safest level possible. And that is why PayPal is still in the limelight even as Bitcoin is gaining market share. PayPal does not seem to lose its value. But PayPal users must know the big disadvantage of PayPal with the current user is the problem Limit. Unfortunately, you will need to withdraw a certain amount of money on PayPal when this happens
Giardesano
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
July 31, 2018, 08:19:08 PM
 #776

Is Circle Pay a reversible transfer service?

Just like the Neteller, Skrill and the rest of payment methods. If the account was funded using crypto, no, otherwise yes. I suggest reading the full User agreement so you know what you're getting yourself into:

Quote
Once a bitcoin transaction has been initiated, it cannot be reversed. Deposits using a bank account, debit card, or credit card may be reversed or may be subject to a chargeback or related claim.



Thanks
roccobull
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
August 06, 2018, 08:58:32 PM
 #777

PayPal is definitely one of the least secure methods of payment. so much fraudulent activity every transaction has to be verified personally. Too bad we cant go back to the days where our monetary system/exchanges were completely reliable and trustworthy.
Giardesano
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
August 14, 2018, 12:15:18 AM
 #778

Why is Western Union reversible?
MadGamer
Legendary
*
Offline Offline

Activity: 1302
Merit: 1016



View Profile
August 14, 2018, 05:52:39 PM
 #779

Why is Western Union reversible?

It's explained. I believe the reverse won't happen just because you told them, there should be a lawsuit but I believe If the transaction is worldwide, and you will get your money instantly, you should be fine.


¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦
¦¯¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¯¦¦¦¦¦¦¦¦¦¦_¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¦¦¯
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦_
¦¦¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦_
¦¦¦¦¦_¦¦¦¦¦¦¦¦¦¦¯¯¦¦¦¦¦¦¦¦¦¦_
¦¦¦_¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦_
¦_¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦_
¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦¦¦¯¦¦¦¦¦¦¦¦¦¦
.XERA.¦
¦
¦
¦
¦
¦
¦
¦
 
[/center
DynamicBlockchain
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
August 21, 2018, 12:09:49 PM
 #780

Good evening , this is my first post:

Paypal reverse by credit card : as the money is chargedback it can be chargedback by the legal owner of the credit card that also bought you bitcoins ( in this case Paypal can give the data of the client and a case can be opened ) or by a stolen credit card that was used to buy bitcoins ( in this case Paypal should pay as they accepted the credit card ) .

Is there any lawer who can do the work of the case and get payed only if the case is won?

Thanks



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)
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 »
  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!