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Author Topic: Is Paypal a scam?  (Read 50104 times)
babsalt1975
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February 15, 2017, 10:28:06 AM
 #681

I got scammed by them, when I bought cloud mining contract from famous scam service eobot they told me that I can only withdraw after 180 days but just after 90 days they said that time for dispute has already past, I know I was a fool to trust a scam cloud mining but paypal should have charged back the funds after they realized I used it in bitcoin related business.

I also had a similar problem where I sold bitcoin using Paypal. After receiving the paypal money, Paypal immediately froze my account and asked me to explain the transaction. I was very sincere to them and even provided transaction details from localbitcoins.com to them. I only came to realize after 3 months that the money had been returned to my account but the account was limited. Now I can not withdraw the funds because I am not a US resident.
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February 15, 2017, 02:01:44 PM
 #682

I got scammed by them, when I bought cloud mining contract from famous scam service eobot they told me that I can only withdraw after 180 days but just after 90 days they said that time for dispute has already past, I know I was a fool to trust a scam cloud mining but paypal should have charged back the funds after they realized I used it in bitcoin related business.

Even if they didn't say that the dispute has already passed, you still wouldn't win. Digital goods isn't covered by the Buyer's Protection Policy. So many people want to get out of a cloud mining scam once they realized that it's a ponzi scam. Like, don't you do your own research? A simple search on google would tell you that all of these "legit" investment sites are following a simple scam concept. They use the investments of the new people to pay the earlier investors.

You should've filed another dispute or at least tried to contact support and say that you were scammed. I doubt that it would work, but you should've at least tried.

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February 15, 2017, 02:44:12 PM
 #683

No Paypal is not a scam. Paypal is a legit business in which they are registered and trusted in the transfer of funds. If Paypal did bad thing they can be easily track down while in the fake companies you won't be able to track them down because they are not real. Paypal is 3rd in terms of online transactions it comes right after VISA and Mastercard.

that's right, and there's no way that the paypal could be considered as scam . they are now a big firm and they operated their business and services for so many years as it is now used world wide and because it is now a mainstream payment processor if ever there's something wrong with them it will become a hot topic especial on the other financial forum or whatsoever .

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February 15, 2017, 06:57:13 PM
 #684

I have had an issue with Paypal and while I was trying to look for a solution on the internet, I came across this website (https://www.consumeraffairs.com/online/paypal_02.html) where everybody is complaining about Paypal. Most of the complains were actually similar to the one that I have. I thought Paypal is a credible company but now I have started feeling worried about my funds stuck in the accounts.

Paypal is not ascam company, it has been established for several years and being used too in the whole world, which means there are some customers by the paypal that maybe not satisfied with the services, but it doesn't mean it scam, no its not like that.



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wizmo
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February 15, 2017, 07:04:33 PM
 #685

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.
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February 16, 2017, 12:37:23 PM
 #686

No, it isn't a scam like that but:

- it hellish for any merchant selling digital goods, you would be losing a huge amount of money from disputes and chargebacks and possibly get locked if you are selling digital goods that can't be proven completely like games, subscriptions. BTC is of course one of the thorniest items since it's practically cash and the person can get double if did a dispute or even a CC chargeback.

- it's a waste of money to make a stealth PayPal with fake info, most of the complaints here are like that. if you get limited and you used fake info you wouldn't be able to get your money out of PayPal via bank after the long wait, and wouldn't be able to remove limitations.

There are credible complaints though, and that's probably the case with any Payment processor, if you use it as a simple customer I doubt you would have any significant issues though as hundreds of millions do and it's fully regulated within the US standards - if you have any big complaint, you could just file a lawsuit -.
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February 16, 2017, 02:58:22 PM
 #687

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.
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February 16, 2017, 03:55:36 PM
 #688

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.


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February 16, 2017, 06:12:17 PM
 #689

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.
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February 16, 2017, 06:17:09 PM
 #690

Paypal is not a scam but if you are using it to accept payments then you must be aware that at some point you will need to send your info to them since they need to apply know your costumer policies, to this day I never had a problem with paypal since I only use it to buy things and not to sell.

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Bitcoinsummoner
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February 16, 2017, 06:32:07 PM
 #691

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.
Did you try to accept payment as friends.?
I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
I am also afraid right now to be scam.. buy this method.. many people are dealing with me in other forum..  with bitcoin.. they are still scamming even in paypal using reverse payment..

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February 16, 2017, 06:41:08 PM
 #692

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.
Did you try to accept payment as friends.?
I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
I am also afraid right now to be scam.. buy this method.. many people are dealing with me in other forum..  with bitcoin.. they are still scamming even in paypal using reverse payment..

Did you try to accept payment as friends.?
Yes. but it's still reversible.

I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
wrong. You can claim unauthorized payment. If you receive personal payment and get charge back not only you loose money but also your account get limited too.

Only option with dealing with paypal is to use middleman (escrow) when dealing on forums. Always say truth to paypal to win dispute is the only option to win dispute.
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February 16, 2017, 07:01:17 PM
 #693

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.

Problem with a lot people that keep complaining about PayPal is that they haven't read PayPal's TOS which clearly indicates how they operate and what they expect from their users. I understand that people don't want to bother reading through entire pages with plain text, but I am sure that if they knew what they could expect from PayPal, that they either use it anyway and just accept it without complaining about potential annoyances, or they choose to use another payment service.
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February 16, 2017, 07:06:48 PM
 #694

If paypal is a scam then why other users or even the concern citizen didn't file against the paypal. It doesn't mean that if you encountered a problem on paypal or their service doesn't reached your satisfaction then you can call them scammer. Nope, that is not how the market or online markets work.

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February 16, 2017, 08:33:08 PM
 #695

For 3 years that i used paypal way back before,i will say that  Its not a scam ,cause i have not encounteted one to say that paypal is a scam. Paypal is the  most secure online bank  before till i met bitcoin.
I agree they are really secure but I feel that PayPal is more secured compared to bitcoin I may be wrong it's just my opinion. But yeah paypal is perfect for all the consumers or buyers it is really risky for the person receiving the money as paypal will do anything to help their users get their own money back even though sometimes buyers maybe cheating.

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February 17, 2017, 09:04:39 AM
 #696

If paypal is a scam then why other users or even the concern citizen didn't file against the paypal. It doesn't mean that if you encountered a problem on paypal or their service doesn't reached your satisfaction then you can call them scammer. Nope, that is not how the market or online markets work.

A good opinion, I agree. I'm sure paypal is not scam, paypal's already vast range of businesses, many banks and credit card that gives the appreciation on paypal. And we must know that the paypal transaction is greater than the bitcoin.
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February 17, 2017, 11:26:56 AM
 #697

If paypal is a scam then why other users or even the concern citizen didn't file against the paypal. It doesn't mean that if you encountered a problem on paypal or their service doesn't reached your satisfaction then you can call them scammer. Nope, that is not how the market or online markets work.
Most people thinking like that are nothing more than clowns. I am sure that a lot people here that talk down on PayPal in favor of Bitcoin haven't used PayPal at all.

PayPal serves its users exactly how they want it, which results in a constant growth of their user base. At this point PayPal has over 200 million active users.

That's quite an impressive number. Bitcoin as we speak has probably around 2% of that in users. In that case there is a lot catching up to do for Bitcoin.

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February 17, 2017, 03:30:04 PM
 #698

Yes paypal is very strange. I lost many $$ due to their 180 days limit luckily we have bitcoins now to avoid problems.

I don't think they are a scam because if that is true, then they wouldn't have grown to such a huge in an online payment system. As long as if you follow there terms I don't think you will face any issues because I'm using PayPal for almost 13 years and so far never had issues with them. I have done many transactions from big to small amounts.

I lost money many times due to charge backs even I've all the proofs paypal decided many time in buyers favor. Now I'm using bitcoins as payment no problem with it so far that's why paypal was not good for me.
Did you try to accept payment as friends.?
I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
I am also afraid right now to be scam.. buy this method.. many people are dealing with me in other forum..  with bitcoin.. they are still scamming even in paypal using reverse payment..

Did you try to accept payment as friends.?
Yes. but it's still reversible.

I heard that they can not reverse the payment if you are paying as friends or family like other said but never tested it yet..
wrong. You can claim unauthorized payment. If you receive personal payment and get charge back not only you loose money but also your account get limited too.

Only option with dealing with paypal is to use middleman (escrow) when dealing on forums. Always say truth to paypal to win dispute is the only option to win dispute.


Not at all times especially in the buyer's perspective. Supposed that there was escrow and the deal was all went well but after a couple of days, you encountered problems with whatever digital good that you bought (thus, got scammed), you can't dispute the payment since Paypal cleared out that digital goods aren't included in their Buyer's protection policy.

And even if it weren't a digital good: If you dispute it, you'd have to explain that the payment from the person you're disputing payments from is just an escrow and another person was the actual one who scammed you. A lot of explanation have to be done.

tl;dr: The use of escrow in Paypal only gives advantage to the seller while not using an escrow allows the buyer to claim that it was an unauthorized payment.

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hawkins
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February 17, 2017, 04:06:52 PM
 #699

I think if a payment is not the most reliable on the internet to be a scam. it would make normal people say save your money on the internet, be very costly. but, I believe, paypal is not a scam. Well, I do not use paypal, but, at this time, which is able to compete with bitcoin, only paypal. so, I do not think that it would be a scam.

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wxa7115
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February 18, 2017, 03:37:38 AM
 #700

They are not scammers, they have high fee's, there is some strange rule's, depending from country where they operate, and there is always unsatisfied customers. Just because they have bad review from some people doesn't make them scammers, that is just need to be warning for others to read even small letters before they sign up for something.
Correct, the thing that bothers me the most out  of Paypal are simply the ridiculous fees you need to pay , that is why bitcoin seems like the best option right now to send money no matter where you are since the fee compared to paypal is still way lower.

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