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Author Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why  (Read 27808 times)
Mike Christ
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April 07, 2013, 02:15:06 AM

PayPal?

Just say "No way, pal!"

Grin

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zGuy
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April 07, 2013, 08:37:28 AM

What about gift paypal paments? Quick easy no seller commision and unreversible

YES. these are officially not reversible, but I have had one reversed on me. There is not certain. it is at the discretion of paypal.
HappyBitCoinUser
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April 07, 2013, 11:45:59 AM

PayPal protects the buyer, not the seller.

I refuse to receive funds via PayPal.

This is why I'm looking at BitCoin.

With BitCoin the scammers that claim they never got paid can't reverse the transaction.

GG
YUSOAWESOMe
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April 07, 2013, 11:52:15 AM

Thats good to know for newbys

Yeyeyeyeye
HappyBitCoinUser
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April 07, 2013, 11:54:10 AM

Anyone know if there is a time limit PayPal user can attempt to reverse a transaction?

The buyer / sender on PayPal can file a complaint within 45 days and get their money back! That easy!

Sucks for sellers / receivers.

Oh the horror stories Sad
Lodbrok
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April 08, 2013, 03:09:27 AM

What would be an easy alternative to Paypal and Bitcoin?
Manein
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April 08, 2013, 03:10:49 AM

so, I cant buy some btc with my paypal?
Meow
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April 08, 2013, 04:00:18 AM

so, I cant buy some btc with my paypal?
Technically, you can. It's just not that many people are willing to sell.
This is an issue for me since I have nowhere near me to do cash deposits.
bitcoinminerx
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April 08, 2013, 04:54:26 AM

Very interesting
VishwaJay
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April 08, 2013, 08:46:36 AM

Just look at the prices on eBay.

They're about double the exchange prices, but in a few weeks that is probably not going to be a bad price for the investment.

It's a sign that people are trying too hard to turn a quick profit, but like PayPal, eBay protects one side at the expense of the other. It's a trap which can cause the current bubble to pop. Simple human anxiety and greed can crash the delicate new economy of the Bitcoin, though I will say with 11+ million BTC in circulation it will probably remain fairly stable, so long as we look at the actual economy of it instead of how we ourselves can profit.

Protip: the coins on eBay are likely to be scams, so be careful of whom you're buying from. Always triple-check everything before you buy there, and keep in mind that eBay is NOT a good deal. Stick to the exchanges.
TheButterZone
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April 08, 2013, 10:19:58 AM

Anyone know if there is a time limit PayPal user can attempt to reverse a transaction?

The buyer / sender on PayPal can file a complaint within 45 days and get their money back! That easy!

180 days actually.

Coincrazy
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April 08, 2013, 10:47:26 AM

The way that I see it is the next big gold rush in the BTC economy is no longer to directly acquire coins or mine them, but to create useful, quick, and transparent services that will facilitate these transactions.  I am very excited to see what is to come about the current race to create the first BTC credit card Grin

absolutely !

Physical Bitcoin exchanges
Local bank accounts in various countries that will accept in-comming / out-going transfers (to sell / buy bitcoins)
....... BTC card as you mentioned ...

YEP !!


_______ Have a nice day folks =:) _______
===I'm wondering why I was slaving away 9 to 5 , NOT knowing Bitcoins earlier ; Regards, CC===
jerethdaminer
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April 08, 2013, 01:40:15 PM

seems like i read somewhere about the idea of 2/3 exchanges aka clearing houses for this sort of thing and it seems to me thats the way to go,
wherein funds for both are sent to a 3rd account and unlocking them requires codes from 2 of the 3 involved so buyer and seller deal with mediator who hold cash until he get btc then sends them both on there way once confirmation is there

Paypal for all its faults does just that you pay them they pay recipient,

bit coin for all its appeal is frightening  in that regard,

if i want to cash out 5 bit coins at market value of 500」 then i have to trust what ever method of payment is used  that ill get the cash,

with government backed currency the cash i offer is backed by the nation i know its good for purpose i can give you 500」 and get a phone or trade it for 750$

what guarantees other then web reputations and people vouching for them do i have that i hand over 50 btc and will receive my 5k」

same with goods im not trying to be funny or cause problems mining aside cause my pc is on full time so a little distributed computing never hurts it. these issues of trust is what kept me out of bit coin for 3 years.
GoldBitco.in
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April 09, 2013, 12:31:01 AM

In case no one has mentioned this site:  http://www.paypalwarning.com/

Paypal obviously serves a purpose.  Great as acting as the middle man for payments for purchases.  However it does not fit into the framework of BTC trade.

GoldBitco.in - Buy Gold & Silver with Bitcoin  - www.goldbitco.in (http://www.goldbitco.in/store)
salihno71
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April 09, 2013, 07:47:42 AM

Is there some escrow service that could eliminate or at least minimize said problems?

culexevilman
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Bitcoin is too valuable to be used as a currency


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April 09, 2013, 12:18:25 PM

Finally, something to kill the Gaypal... and Gaybay, killed my living for 7 years... I hate you guys, hope this knocks the shit out them.

lowstrife
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April 09, 2013, 12:28:06 PM

I wonder how Paypal will react to this in the future when BTC\LTC take off as a major currency.
mutikainen
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April 09, 2013, 12:47:23 PM

Thanks for the info
cameleon
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April 09, 2013, 04:09:32 PM

The buyer / sender on PayPal can file a complaint within 45 days and get their money back! That easy!
Is it legal for PayPal? Are there sending buyer info to seller in such situation, so he can call the police if there are wrong? If so, maybe PayPal account with eBay history are quite safe?
greyhaze
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April 09, 2013, 06:41:41 PM


ive been reading about bitcoin escrow?
is that a good option?
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