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Author Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why  (Read 27796 times)
threeip
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April 05, 2013, 11:44:53 PM
 #81

maybe someone should develop a paypal2btc escrow service , paypal is to mainstream to leave behind

I don't think you understand the problem.  An escrow does nothing unless the escrow is held past the point of risk.  Traditional escrow funds are held until seller delivers.  Since BTC is irreversible once seller delivers goods the escrow can be safely released.  The point of no risk for PayPal transaction is 180 days.

So sure I just started the first BTC PayPal escrow.  Pay me today and I will deliver your coins in 180 days.  How many coins would you like to buy?

Exactly - when I trade, I just wait for the funds to be in hand as $ before i send coins. Sometimes it takes a few days but this is the only way to protect from chargeback. Would be nice if paypal had a sender 'I confirm transaction and waive chargebacks' button.

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No 1
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April 06, 2013, 01:21:52 AM
 #82

I just wanna know who is that in your avatar op?

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bitcoinburnol
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April 06, 2013, 01:38:41 AM
 #83

Found this really useful. Thanks, OP.
InqBit
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April 06, 2013, 03:34:58 AM
 #84

Good to know. Thanks!

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April 06, 2013, 03:43:14 AM
 #85

Guess the Bitcoin Bandwagon is not such an easy ride, but that's ok - I mainly want to see how well they work from a merchant's point of view, selling real goods.
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April 06, 2013, 04:07:11 AM
 #86

Thanks for you info! Every newb should read this.

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threeip
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April 06, 2013, 06:27:04 AM
 #87

I just wanna know who is that in your avatar op?

He's a Bitcoin user.

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deepceleron
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April 06, 2013, 06:54:27 AM
 #88

I just wanna know who is that in your avatar op?

He's the Bitcoin meme guy: https://bitcointalk.org/index.php?topic=144152.0

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April 06, 2013, 08:43:05 AM
 #89

I ve also noticed the prices people are selling bitcoin s on ebay for PayPal are ridiculously high compared to exchanges.
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April 06, 2013, 08:48:46 AM
 #90

I've been ripped off through paypal even AFTER receiving positive feedback on ebay on a transaction. I had no leg to stand on due to the item not being sent signed for.

I hate it; I want it to die.

Crypto will be the only way to trade online in a decade.
alexisd
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April 06, 2013, 09:30:57 AM
 #91

I've been ripped off through paypal even AFTER receiving positive feedback on ebay on a transaction. I had no leg to stand on due to the item not being sent signed for.

I hate it; I want it to die.

Crypto will be the only way to trade online in a decade.

Lol..calm down bro. I ve had my faces ripped off on Paypal too..
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April 06, 2013, 02:10:42 PM
 #92

thanks for the info.
boneee
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April 06, 2013, 05:02:26 PM
 #93

Thanks for the useful info!
euskara
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April 06, 2013, 05:45:36 PM
 #94

Isn't the risk of buying bitcoins with paypal the same risk as buying anything else with paypal?  What is considered to be the safest way to do this other than going to someone in person and making sure you get the cash in hand?

There is no way of truly confirming delivery of bitcoins.

how about casacius coins, that can be confirmed....
thebaron
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April 06, 2013, 05:46:30 PM
 #95

Isn't the risk of buying bitcoins with paypal the same risk as buying anything else with paypal?  What is considered to be the safest way to do this other than going to someone in person and making sure you get the cash in hand?

There is no way of truly confirming delivery of bitcoins.

how about casacius coins, that can be confirmed....

"Significantly not as described."

windmill
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April 06, 2013, 06:14:53 PM
 #96

stay away from paypal. Use bitinstant instead.
jthelle
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April 06, 2013, 06:57:47 PM
 #97

Bumping a sticky just for the fun of it. Good stuff!
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April 06, 2013, 06:59:40 PM
 #98

Good post!
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April 07, 2013, 01:01:21 AM
 #99

stay away from paypal. Use bitinstant instead.

Well, that's not quite easy to do I'm afraid.
I'm a freelancer (doing 3d and what not) and not sure how I would get $ if not for paypal.
How do people do things with money online if not using paypal or bitcoins? Using bank accounts or credit cards?
I don't quite know a good way atm to buy or sell bitcoins for dollars Sad

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April 07, 2013, 02:13:29 AM
 #100

interesting I never knew
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