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August 18, 2013, 03:05:31 AM |
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Let's just be honest. It's a huge risk to sell BTC over PP.
There is nothing to stop someone from doing a chargeback attempt after they have several confirmed transactions on the BTC that they don't intend to pay for. PP will side with the buyer because that's their MO -when it's convenient & doesn't cost them $.
Basically, just be super, super cautious if you're *still* going to attempt this, even with all the horror stories for both buyers & sellers. I've done it before, just yesterday in fact (yeah, I know. What a hypocrite!), but it was in the confines of an Escrowed GB where a chargeback doesn't really anyone good; in fact, it could work out better for a co-op as many members are eager to snatch free/reserve shares & fraud on the seller side (that'd be me, in this case) would've essentially stopped the GB in its tracks.
I was publicly *discouraging* others to do this type of PP/BTC direct payment method (esp. this method! Sending BTC to an email address is basically non-reversible for all intents.
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