Paypal for bitcoins....I'm gonna try and make THE site

[TheBitMan]

Now I know the other site didn't get SHUT down but Paypal froze his account I have 2 and I am going to use the secondary
PLEASE donate for me taking this risk I also have no bitcoins to sell...lol
but i want to start so please donate and I will sell them at a low price I have an idea that if you donate and put ur shipping address as your bitcoin address it might work i made the donation only 5 cents  to see if it works

and yes the site look cheesy i made it in 1 minute
http://bitpal.webs.com/

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[Ricochet]

Uhhhh, I think you might be getting in way over your head here. 

[Serge]

"it might work" OR it might not
Read PP's TOS carefully and remember for what reasons the other site's paypal got locked down.

[Gareth Nelson]

Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account.

It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it.

[Drizzlepistol]

I say go for it! Just be very discreet and fast.

[Chick]

Now I know the other site didn't get SHUT down but Paypal froze his account I have 2 and I am going to use the secondary
PLEASE donate for me taking this risk I also have no bitcoins to sell...lol
but i want to start so please donate and I will sell them at a low price I have an idea that if you donate and put ur shipping address as your bitcoin address it might work i made the donation only 5 cents  to see if it works

and yes the site look cheesy i made it in 1 minute
http://bitpal.webs.com/

@OP, not be offensive, but are you serious? Can you only make sites through webs.com or WYSIWYG services? Everything I've seen you make can be created by almost anyone. There is no background knowledge needed for creating a webs.com website.

You need to have a good background knowledge of web technologies (HTML, CSS Styling, PHP, Ruby)  before you even try to begin. If not, who's going to trust a limited functioning website made through a WYSIWYG service?


It looks unprofessional with the ads, theme, and a donation button with no content. Not to mention the "Create a Free Website" button on the footer.

[Alex Beckenham]

and yes the site look cheesy i made it in 1 minute
http://bitpal.webs.com/

Awesome, I was the 999,999th visitor!

[TheBitMan]

Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account.

It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it.

I have no money in my 2nd

[Gareth Nelson]

Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account.

It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it.

I have no money in my 2nd

But you presumably will if you get customers.
Customers will buy your BTC, they will pay to paypal - you send the BTC.
You lose your BTC.

Next, paypal freezes your account.

You lose the fiat you sold that BTC for.

[Serge]

Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account.

It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it.

I have no money in my 2nd

and it won't be your money to risk with - genius idea!

[TheBitMan]

Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account.

It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it.

I have no money in my 2nd

But you presumably will if you get customers.
Customers will buy your BTC, they will pay to paypal - you send the BTC.
You lose your BTC.

Next, paypal freezes your account.

You lose the fiat you sold that BTC for.

lol I can send the money to my other account, I don't really use paypal anyway I think it's worth the try

[TheBitMan]

Paypal will freeze your account as soon as they find out what you're trading, at that point you will lose all funds in the account.

It sucks that paypal have this rule, but the TOS is a contract which you willingly enter into by opening an account and you should therefore abide by it.

I have no money in my 2nd

and it won't be your money to risk with - genius idea!

[FreeMoney]

Why didn't we think of this before? Just use 2 empty PP accounts. Genius!

[TheBitMan]

Why didn't we think of this before? Just use 2 empty PP accounts. Genius!

lmao

[onesalt]

IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED.

Hope this helps.

[TheBitMan]

IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED.

Hope this helps.

but it's a donation they wont find out 0.o plus no money in my account >

[onesalt]

IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED.

Hope this helps.

but it's a donation they wont find out 0.o plus no money in my account >

Hmm yes because large amounts of money moving hands extremely quickly won't get your account automatically locked by the paypal mod-bots, nosiree.

[TheBitMan]

IT'S SPECIFICALLY AGAINST THE PAYPAL TERMS OF SERVICE TO USE PAYPAL FOR CURRENCY EXCHANGE OF ANY FORM, IF YOU ATTEMT TO USE IT FOR SUCH THE ACCOUNTS INVOLVE WILL GET LOCKED.

Hope this helps.

but it's a donation they wont find out 0.o plus no money in my account >

Hmm yes because large amounts of money moving hands extremely quickly won't get your account automatically locked by the paypal mod-bots, nosiree.

thats what i thought im so quick i cant be caught...jk but i never even use this account!!

[Xenland]

Yeah definably a bad time to be doing this, esspecially after another use got locked. Paypal will just be monitoring large amounts of money that are coming from unused account by now for sure. Then they'll just do a google search of your email, find out its being used for bitcoins and then lock its. Sounds stupid to me. Lose your money and others

[tymothy]

I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing.

My advice:

DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice,  it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges.

Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better.

[TheBitMan]

I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing.

My advice:

DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice,  it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges.

Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better.

good idea thank you

[TheBitMan]

I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing.

My advice:

DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice,  it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges.

Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better.

what do i tell them im selling if they call lol

[Alex Beckenham]

So, do you have any bitcoins yet? I'd like 10 please.

[Xenland]

You could however have people pay for one time use memberships(or giftcards), and there will be member denominations of $10, $20,$50, $100.
In return you service them bitcoins giftcard which is more like a comoddity then a currency exchange.
Id call paypal up and see if what i said will be acceptable within their terms of service. Just make sure your very clear that your selling giftcards and not straight up converting currency.

OR
You could start a service that hold their money for them for select peoird of time(to help those with gambling problems), and then you pay them in bitcoins at the end of the peroid scince gambling isnt a problem at this point in time with the bitcoin community in fact i read somewhere that gambling was decreasing.

Again. Call paypal get a written out autborizing and have them send you a copy and you will be fine

[TheBitMan]

So, do you have any bitcoins yet? I'd like 10 please.

not yet I am trying I am willing to pay someone $50 Amazon and sell my psp for bitcoins no takers...

[yeponlyone]

well, one thing he has going for him is that paypal would assume nobody would be so dumb.

[TheBitMan]

You could however have people pay for one time use memberships(or giftcards), and there will be member denominations of $10, $20,$50, $100.
In return you service them bitcoins giftcard which is more like a comoddity then a currency exchange.
Id call paypal up and see if what i said will be acceptable within their terms of service. Just make sure your very clear that your selling giftcards and not straight up converting currency.

OR
You could start a service that hold their money for them for select peoird of time(to help those with gambling problems), and then you pay them in bitcoins at the end of the peroid scince gambling isnt a problem at this point in time with the bitcoin community in fact i read somewhere that gambling was decreasing.

Again. Call paypal get a written out autborizing and have them send you a copy and you will be fine

So what ive done is if you become a PRO member I "reward" you with bitcoins depending on the "package" you get but I dont know how to keep the rates correct since its a fixed price, and why is everyone hating on me im risking a paypal account and im doing no harm to u guys am i? Im just trying to make it easier for people to get them,gez

[Xenland]

You could however have people pay for one time use memberships(or giftcards), and there will be member denominations of $10, $20,$50, $100.
In return you service them bitcoins giftcard which is more like a comoddity then a currency exchange.
Id call paypal up and see if what i said will be acceptable within their terms of service. Just make sure your very clear that your selling giftcards and not straight up converting currency.

OR
You could start a service that hold their money for them for select peoird of time(to help those with gambling problems), and then you pay them in bitcoins at the end of the peroid scince gambling isnt a problem at this point in time with the bitcoin community in fact i read somewhere that gambling was decreasing.

Again. Call paypal get a written out autborizing and have them send you a copy and you will be fine

So what ive done is if you become a PRO member I "reward" you with bitcoins depending on the "package" you get but I dont know how to keep the rates correct since its a fixed price, and why is everyone hating on me im risking a paypal account and im doing no harm to u guys am i? Im just trying to make it easier for people to get them,gez

This is just my theory, but nobody wants bitcoins to look like a scam not to say your creating a scam far from it actually. What can possibly happen is that alot of other peoples money get locked into a paypal account that no one can touch, that means anyone not knowing that this could happen(n00bs) will tend to believe they got ripped of thinking that everything was legit. The pissed off customers go about saying how bitcoins are a scam because they lost tons of money. The moral is that is just looks bad for a legit currency to start off in its youth and no body wants history to repeat it self.
Again just a theory, i don't speak for all of the bitcoin users here

[tymothy]

I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing.

My advice:

DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice,  it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges.

Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better.

what do i tell them im selling if they call lol

Say you're selling collector coins. It's right...technically, right?

[TheBitMan]

I run a business using Paypal checkout. Initially they do a LOT of reviews of you to make sure you're legit. Until I had $10k+ sales I would get a call almost every time I withdrew to my account. Then they just sort of chill and let you do business. Unless you get a bunch of complaints, I don't think they really do much more reviewing.

My advice:

DON'T sell bitcoins directly through Paypal. Instead, sell GIFTCARD CODES to your site, which people can use to get site credit to then purchase bitcoins. Selling giftcards to your site is NOT going to violate Paypal's TOS, and if the item shows up as "Yoursite.com Giftcard" on the Paypal invoice,  it shouldn't raise any red flags. Honestly, Paypal usually doesn't spend much time looking at a merchant unless there are a bunch of fraud/complaint charges.

Try to start small, maybe limit the number of users initially. A rapid spike in sales will set off red flags. Instead going gradually from 1k-3k-10k-20k a month or so looks better.

what do i tell them im selling if they call lol

Say you're selling collector coins. It's right...technically, right?

In a way lol

[Anonymous]

You don't even have a business plan. You people suck as entrepreneurs.

[TheBitMan]

You don't even have a business plan. You people suck as entrepreneurs.

I just thought of this a couple of hours ago...

[Serge]

You don't even have a business plan. You people suck as entrepreneurs.

hey Atlas, thank you for removing that banner from your signature, it was cool at first, but then it was a bit too much

[TheBitMan]

I have an idea all set out I will set up the pages tomorrow... great idea! To long to do now though nite!

[tehcodez]

Desperate much?