ammario (OP)
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June 04, 2016, 01:08:32 AM |
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I understand that PayPal doesn't offer seller protection in Bitcoin transactions but are they still locking accounts?
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xetsr
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June 04, 2016, 01:14:17 AM |
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Don't fuck around, scam people or deal with people who will charge back and you'll be fine.
I've been buying and selling for years now and haven't had any problems.
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ammario (OP)
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June 04, 2016, 01:22:12 AM |
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Thanks for the response, I was interested in creating a PayPal to Bitcoin website with a unique approach to fraud detection/prevention and was just hoping PayPal wouldn't lock the account.
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phreaky
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June 04, 2016, 04:48:31 AM |
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Thanks for the response, I was interested in creating a PayPal to Bitcoin website with a unique approach to fraud detection/prevention and was just hoping PayPal wouldn't lock the account.
That is a pretty nice idea the only thing is that you need to gain trust at the people otherwise this is never gonna work out without any doubts.. |
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ozoro
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June 04, 2016, 02:00:15 PM |
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Please, somebody answer the OP's question ' will PAYPAL block the sellers account' if the account is used for BTC transactions?
Thank you
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Superbitzz
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June 04, 2016, 02:37:58 PM |
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i think paypal is nothing as compare to bitcoin. bitcoin is superb and paypal is not a universal but paypal is universal/
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ammario (OP)
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June 04, 2016, 09:25:38 PM |
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Certainly Bitcoin is a more groundbreaking payment instrument than PayPal. It is hard to debate though that PayPal is the more prominent online payment solution. I hope that by unifying the two it will both greatly benefit my wallet and and the Bitcoin community as a whole.
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Slark
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June 04, 2016, 11:50:41 PM |
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I understand that PayPal doesn't offer seller protection in Bitcoin transactions but are they still locking accounts?
If PayPal staff discover that you are using your Paypal account to trade BTC somehow then your account most likely will be frozen. If I am not mistaken in PayPal's ToS is stated that using their service to operate a currency exchange is prohibited. |
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ammario (OP)
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June 05, 2016, 12:57:54 AM |
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I understand that PayPal doesn't offer seller protection in Bitcoin transactions but are they still locking accounts?
If PayPal staff discover that you are using your Paypal account to trade BTC somehow then your account most likely will be frozen. If I am not mistaken in PayPal's ToS is stated that using their service to operate a currency exchange is prohibited. So they consider Bitcoin a currency and not a digital good? |
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TommyBitcoin
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June 05, 2016, 04:01:49 AM |
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Please, somebody answer the OP's question ' will PAYPAL block the sellers account' if the account is used for BTC transactions?
Thank you
Don't do it, unless you like taking risks. Paypal with close your account and you will feel the pain. If you want to read about many people's woes, search on the forums of localbitcoins. Some people think that, maybe if they have a middle account, they won't get caught. But based on everything I have read, if you sell or buy bitcoins with your paypal account, you are indeed violating their TOS. |
*********BUY OR SELL YOUR BITCOIN TO A TRUSTED TRADER********
***I want to buy and sell you bitcoins***(eight )-(eight)-4 85-TOMMY
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Herbert2020
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June 05, 2016, 07:01:43 AM |
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it is against their TOS and also if there is a case of fraud for example someone does a charge back you can't do anything because if you tell them i traded bitcoin with paypal and they did a charge back they won't answer or they can even close your account for that.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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~Bitcoin~
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June 05, 2016, 09:19:46 AM |
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I understand that PayPal doesn't offer seller protection in Bitcoin transactions but are they still locking accounts?
I have once get refund on paypal but i have described that i have purchased digital goods instead of saying i am doing this transaction to buy bitcoin. Locking accounts for using bitcoin in paypal  i haven't heard that before. |
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Traderx
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June 05, 2016, 10:24:50 AM |
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they don't do it , but even if is true how can they know that you are dealing with paypal?
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ozoro
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June 05, 2016, 10:56:29 AM |
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Can PAYPAL block or suspend accounts due to either of the following; too many chargeback, a particular large chargeback, or as asked previously using the PayPal account to trade in bitcoin?
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iqlimasyadiqa
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June 05, 2016, 03:19:49 PM |
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I understand that PayPal doesn't offer seller protection in Bitcoin transactions but are they still locking accounts?
as far as there is currently no. bitcoin was anonymous so indeed that is the problem. when da crimes do everything will vanish and disappear. |
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socks435
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Privacy is always important
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June 05, 2016, 03:54:57 PM |
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Your idea is impossible before many sites are doing it paypal to bitcoin but they are not success and they remove it.. unless bitcoin to paypal instead..
But still risky people will afraid to scammers..
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Solving blocks can't be solved without my rigs.
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ammario (OP)
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June 05, 2016, 04:54:29 PM |
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Your idea is impossible before many sites are doing it paypal to bitcoin but they are not success and they remove it.. unless bitcoin to paypal instead..
But still risky people will afraid to scammers..
Well, I'm confident that my unique approach to fraud will mitigate a lot of risks predecessors have encountered as long as PayPal doesn't lock the account for being involved with Bitcoin. |
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erikalui
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June 05, 2016, 09:03:23 PM |
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Your idea is impossible before many sites are doing it paypal to bitcoin but they are not success and they remove it.. unless bitcoin to paypal instead..
But still risky people will afraid to scammers..
Well, I'm confident that my unique approach to fraud will mitigate a lot of risks predecessors have encountered as long as PayPal doesn't lock the account for being involved with Bitcoin. PayPal will most probably lock the account if they detect any bitcoin trade/exchange. They have locked accounts of many users here and unless you get their permission to do so, I don't think you should go ahead. Many users here use Virwox as only that site is a licensed PP->BTC exchanger. |
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mixan
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TRUMP IS DOING THE BEST! MAKE AMERICA GREAT AGAIN!
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June 05, 2016, 09:09:10 PM |
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Your idea is impossible before many sites are doing it paypal to bitcoin but they are not success and they remove it.. unless bitcoin to paypal instead..
But still risky people will afraid to scammers..
Well, I'm confident that my unique approach to fraud will mitigate a lot of risks predecessors have encountered as long as PayPal doesn't lock the account for being involved with Bitcoin. PayPal will most probably lock the account if they detect any bitcoin trade/exchange. They have locked accounts of many users here and unless you get their permission to do so, I don't think you should go ahead. Many users here use Virwox as only that site is a licensed PP->BTC exchanger. Paypal is getting that way now as I just got $100 sent to my account that was in pending status for 24 hours. I think they detect that it is from a bitcoin transaction. |
The parasite hates three things: free markets, free will, and free men.
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ravens
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June 09, 2016, 04:54:24 AM
Last edit: June 09, 2016, 08:52:35 PM by ravens |
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Your idea is impossible before many sites are doing it paypal to bitcoin but they are not success and they remove it.. unless bitcoin to paypal instead..
But still risky people will afraid to scammers..
Well, I'm confident that my unique approach to fraud will mitigate a lot of risks predecessors have encountered as long as PayPal doesn't lock the account for being involved with Bitcoin. PayPal will most probably lock the account if they detect any bitcoin trade/exchange. They have locked accounts of many users here and unless you get their permission to do so, I don't think you should go ahead. Many users here use Virwox as only that site is a licensed PP->BTC exchanger. The only problem that Virwox has is that they take more time than a simple Paypal to BTC transfer. |
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