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Author Topic: About PayPal.  (Read 656 times)
RedHoops (OP)
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April 28, 2013, 08:20:41 AM
 #1

Can I use my PayPal account anywhere to buy my first BitCoins? You know, just to get started?
win07
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April 28, 2013, 08:23:06 AM
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No. It is not allowed by paypal

zekesonxx
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April 28, 2013, 08:23:56 AM
 #3

The only place you can (reliably) trade PayPal for BTC is #bitcoin-otc on Freenode.
Blueberry408
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April 28, 2013, 08:36:55 AM
 #4

No. It is not allowed by paypal

Ida thought pazzlepizzle would be playing nice with virtual money, seeing as how they got their own bank, and eBay and all..  So weird.

Feel free to send along any spare floating point remainders: 1CVTqVbqHTw35xGKfp4vmxggKdkMVwswtr
RedHoops (OP)
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April 28, 2013, 08:38:00 AM
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Thanks for the replies guys.
Addz
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April 28, 2013, 09:12:02 AM
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Just to offer a little clarification the buyer protection offered by paypal doesn't cover intangible items.  So if you are using it to buy BTC they wont cover you at all
Taccomc
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April 28, 2013, 09:24:50 AM
 #7

I heard that paypal is seriously looking at bitcoin, for now I am sticking to using moneygram to make bitcoin deposits.

Let's color the MOON: XzB5J9HQSPyfN5goGsqV3D65w4VpeqGNF5
Folko85
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April 28, 2013, 09:43:09 AM
 #8

Yes you can use VirWox to fund that account with Paypal immediately...then buy Linden dollars and then use those to buy Bitcons.  You an only do $65 initial funding though and takes 2 days to transfer the bitcoins out for the first withdrawl.
Folko85
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April 28, 2013, 09:44:01 AM
 #9

Just to offer a little clarification the buyer protection offered by paypal doesn't cover intangible items.  So if you are using it to buy BTC they wont cover you at all

That is seller protection, not buyer protection.  You have great protection if you are buying bitcoins with Paypal as long as you don't send the payment as a gift.
Captain-n00dle
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April 28, 2013, 09:48:16 AM
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Read this thread: https://bitcointalk.org/index.php?topic=164254.0
Addz
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April 28, 2013, 09:51:36 AM
 #11

Check it again, I got burned last week buying a steam key for a game, after going through the dispute process they denied my claim without even asking for more information.  When i rang the support line I spent hours on the phone with paypal.  They were pretty adamant that they don't cover intangible items.
CJPOLO
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April 28, 2013, 10:16:46 AM
 #12

Check it again, I got burned last week buying a steam key for a game, after going through the dispute process they denied my claim without even asking for more information.  When i rang the support line I spent hours on the phone with paypal.  They were pretty adamant that they don't cover intangible items.

This is correct they dont support Intangible Items nor do they support "Money" to "Money" transfers.
birdbrainz
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April 28, 2013, 10:29:44 AM
 #13

The only place you can (reliably) trade PayPal for BTC is #bitcoin-otc on Freenode.

Are there people known for doing this on there?  nicks'?
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