Renzyp
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October 22, 2017, 07:33:36 AM |
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Thanks guys I’m learning more and I want to learn more,, I enjoy reading more infformation here:-)
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sehanmaxx01
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November 02, 2017, 10:20:13 AM |
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can i use my paypal for buy btc.?
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OmegaStarScream
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November 02, 2017, 10:38:14 AM |
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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.
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sicparvismagna
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November 02, 2017, 10:41:45 AM |
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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.
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FLUZFLUZGLOBAL
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November 02, 2017, 07:14:30 PM |
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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.
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mahdaoui imad
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November 02, 2017, 11:00:49 PM |
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They expect you to use the legal system if the chargeback was fraudulent
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DomIva
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November 07, 2017, 10:49:35 AM |
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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.pngMoney 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)
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intelligentdude
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November 08, 2017, 08:39:20 PM |
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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.
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The blockchain way
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Nana21
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November 09, 2017, 08:39:35 PM |
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So what is the safest way to sell btc and stay with the money you got payed
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danpol
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November 10, 2017, 02:14:34 PM |
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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?
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mace029
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November 12, 2017, 01:16:00 PM |
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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.
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BanqueiroGordo
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November 13, 2017, 12:22:49 PM |
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What about Neteller?
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EvaGC
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November 13, 2017, 05:00:29 PM |
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I actually didn't know that about PayPal... thank you
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OmegaStarScream
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November 13, 2017, 05:56:03 PM |
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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).
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doodle1958
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November 14, 2017, 09:18:45 AM |
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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 =)
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arcyemi
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November 18, 2017, 08:38:17 AM |
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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.
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HeartMender
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November 19, 2017, 03:02:47 PM |
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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!
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moneyafric
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November 19, 2017, 06:52:23 PM |
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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.
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OmegaStarScream
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November 19, 2017, 07:09:38 PM |
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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.
Let's imagine I'm trading you, my PayPal for your BTC. I send you the PayPal and you send me the bitcoins. You think everything is fine, however, I could always charge the transaction back by claiming that I didn't receive the goods, the payment is not authorized by me etc. and PayPal will actually refund the amount into my account. I will end up with both BTC you sent me and the PayPal amount I first sent you. So always watch out while trading with someone in reversible payment methods and try to request most details (ID, address etc.). Either that, or find a service that accept PayPal directly so you don't have to deal with individuals.
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Iksie
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November 19, 2017, 08:30:29 PM |
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Useful information in this post. Thank you.
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