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January 04, 2018, 05:07:13 AM |
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Yes, you will find takers from newbies and others who will ask you to send first and then leave you hanging... forever.
PayPal is reversible. Up to 180 days. With reversible transactions, the person paying can unilaterally reverse the transaction in a definitive way, without any way for the seller to appeal the reversal. And as it stands with credit cards, PayPal allows 180 days maximum for a charge back which basically means the person sending PayPal has a generous six months to make up his mind on any transaction they do on their PayPal account. Established merchants (such as airlines and online stores) with a strong and solid transaction history will of course have a near 100% chance of winning the dispute but bitcoin traders will struggle fighting a charge back. For this reason, PayPal is only recommended if an extremely trusted person is paying for the bitcoins.
Escrow can offer no protection when paying by PayPal.
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