Bitcoin Forum
April 30, 2017, 07:22:01 AM *
News: Latest stable version of Bitcoin Core: 0.14.1  [Torrent]. (New!)
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
Author Topic: Why would someone continue to buy bitcoins over market value?  (Read 2688 times)
Alex Beckenham
Full Member
Offline Offline

Activity: 154

View Profile
July 12, 2011, 12:13:53 AM

If he's using paypal, he WILL get his money back if he initiate a dispute. A lot of paypal transactions are later reversed by the buyer, it's like a 100% no risk way of getting free money.

This isn't true. I used to sell software over PayPal, and the buyer doesn't get the money back by default. The PayPal side reviews the case first.

I initiated a dispute after being scammed here and PayPal said they couldn't return my money because the goods were 'virtual or intangible'.

So even as a buyer, it's a huge risk buying with PayPal.
(unless the bitcoins come to you first of course)

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Alex Beckenham
Full Member
Offline Offline

Activity: 154

View Profile
July 12, 2011, 12:19:01 AM

Here it is:

Dear ........,

We have concluded our investigation into your case:

Case ID:  PP-001-341-457-483
Transaction Date:  14 Jun 2011
Transaction Amount:  -$150.00 USD
Seller's Email:
Seller's Name:  richard francis

Unfortunately, we were unable to resolve this claim in your favour because
the item purchased was virtual or intangible. As a result, we have not
taken any action against the seller at this time but we have noted your
dissatisfaction in the seller's record for future reference.

If you still have concerns about this transaction, we encourage you to
continue to work directly with the seller for an amicable resolution.

Protection Services Department

Please do not reply to this email. This mailbox is not monitored and you
will not receive a response. For assistance, log in to your PayPal account
and click the Help link in the top right corner of any PayPal page.

So a) steer clear of richard francis
and b) note in bold how awesome awful paypal support is

They never once asked me to send supporting documents, of which I could have sent a lot of evidence it was a scam.

Offline Offline

Activity: 28

View Profile
July 12, 2011, 12:57:40 AM

to buy drugs asap
Full Member
Offline Offline

Activity: 168

View Profile
July 18, 2011, 04:12:18 PM

Yeah I am pretty sure he is using it for drugs just from some references he has made, and silk road, needing them for this weekend, wife being gone for 10 days time  to party etc lol.   So far I have had no issues with using paypal to sell my bitcoins.  No chargebacks, the fees are nothing because I have them choose gift after the first sale to the user, they send the money first, and I am withdrawing the money to my bank account just in case if one claim is filed I will immediately close my paypal account and start over.  So far has not been an issue, and I am glad to have buyers at 16 to 17 a coin considering it is down to 13 a coin now.

Pages: « 1 [2]  All
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!