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Author Topic: Trade site that has Paypal withdrawals?  (Read 967 times)
Kittysox
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June 13, 2011, 11:42:11 PM
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So I've been mining and mining right and saved up some btc, is there a site like mtgox that does payouts in paypal? or a list of trusted users on the forum whom buy coins. I usually sell slightly under priced if that was to be the case (i.e gox has it for $20, I will sell for $17) I am paranoid in the fact that I only trust paypal when it comes to online buying & selling transactions.
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lessPlastic
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June 14, 2011, 12:13:45 AM
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So I've been mining and mining right and saved up some btc, is there a site like mtgox that does payouts in paypal? or a list of trusted users on the forum whom buy coins. I usually sell slightly under priced if that was to be the case (i.e gox has it for $20, I will sell for $17) I am paranoid in the fact that I only trust paypal when it comes to online buying & selling transactions.

Unfortunately Paypal is doing a lot right now to keep there from being direct Paypal <-> BTC transactions, as far as I know. There had been such a service, but it was quickly shut down.
Stephe
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June 14, 2011, 12:46:02 AM
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I would suggest avoiding Paypal with BTC transaction at all costs.  I've heard of quite a few accounts being closed because paypal is not fond of bitcoins.
Kittysox
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June 14, 2011, 12:55:11 AM
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I would suggest avoiding Paypal with BTC transaction at all costs.  I've heard of quite a few accounts being closed because paypal is not fond of bitcoins.

Then whoever must of been conducting transactions must have been completely incompetent. If someone was to buy btc and pay for it via paypal...

First the buyer would send say I suppose half the agreed amount as personal reasons, then seller would send the buyer the btc and the buyer would pay off the remaining balance after the confirmations go through.
Would paypal know this is originating from a btc transaction? Not at all.

I think the reasons are paypal is suspicious of transactions that deal with $100+ on accounts that arent old, being used alot, arent connected to ebay selling in any manner, etc. For example! My friend sent me $130 to buy him some headphones while I was on vacation in Germany after I flaunted how AKG was by far the best brand. They suspended my account, 2 months and I received it back (Double whammy was, they found out I was underage during phone call...had to wait for my bday) I had sent $100 to my mothers paypal (as she has german bank account) and the rest to my bank account which got frozen... soo... they get suspicious easy.
Maged
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June 14, 2011, 01:07:49 AM
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It's currently disabled, but when it comes back, you can withdraw with PayPal on TradeHill, a MtGox competitor.

bowser2k
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June 14, 2011, 01:45:48 AM
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Just read a few threads on paypal scams so probably best now avoided imo
sunyag
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June 14, 2011, 02:05:00 AM
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I think Bitcoin represents a fundamental challenge to Paypal, so they will likely do whatever they can to make it difficult. In any case, that is a costly route to go.
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