Selling And Bitcoins With PayPal

[marketorder]

I've heard Pay Pal not liking Bitcoins and freeze peoples accounts for dealing with them. Now what if I buy and sell them and accept money using Pay Pal? How do they know I'm buying and selling them, couldn't you just label the transaction as a service for like web design etc?  You don't ever have to mention Bitcoins in the transaction details.

[tysat]

What do you do if someone does a chargeback?  You'd have nothing to show for it and they'd win.

[marketorder]

Actually they can't do a charge back on virtual items just on tangible items

What do you do if someone does a chargeback?  You'd have nothing to show for it and they'd win.

[tysat]

Actually they can't do a charge back on virtual items just on tangible items

People can definitely still charge back virtual items, otherwise selling BTC for PayPal wouldn't be an issue.

[bernard75]

Charge backs are very common with BTC and i still have to hear about a case where PP ruled in favor of the seller.

One possibility would be to send registered paper wallets by mail, but i still believe PP would fuck you over.

[b!z]

You could buy my exchange script if you're interested in selling BTC for Paypal... :-)

[tdenisenko]

Sending a redeemable code (solid paper) via traceable shipping on eBay is the best way to sell over PayPal so far.
If you can find buyer domestically you can profit up to 200% from bitcoins.
If buyer tries to refund you'll just need to upload the track paper over eBay as a proof so you're safe.

[jjmicmic]

don't do it, paypal does not like btc so your transaction can't mention it, only do it with people you can trust, and that is kinda hard

[seakazoo]

I have heard nothing but horror stories about trying to buy/sell BTC on paypal.  I would advise you to stay far far from it.  Though this is quite a clever solution to the problem.

Sending a redeemable code (solid paper) via traceable shipping on eBay is the best way to sell over PayPal so far.
If you can find buyer domestically you can profit up to 200% from bitcoins.
If buyer tries to refund you'll just need to upload the track paper over eBay as a proof so you're safe.

[MAbtc]

There's a handful of reputable people I would do bitcoin <--> Paypal transactions with, but by and large, not recommended at all.

[h4h]

I have heard the only way to try and do this is to sell a physical item, send it with tracking, and for the item to be received in the condition stated, with the BTC (or in this case LTC) as a free bonus.

Anything other than this is considered very risky.

[Welsh]

Buying/selling Bitcoin for paypal is a BIG no no. I believe chargebacks can be valid up to 180 days.

[monbux]

Actually they can't do a charge back on virtual items just on tangible items

What do you do if someone does a chargeback?  You'd have nothing to show for it and they'd win.

Yes they can.  They can claim their account was hacked/tampered with, and would get a full refund.  Trust me... I know. :/

I believe chargebacks can be valid up to 180 days.

Correct.  And disputes supposedly are supposed to be up to 45 Business days.
Paypal is usually in favour of the buyer anyways :/

[Baitty]

I have heard the only way to try and do this is to sell a physical item, send it with tracking, and for the item to be received in the condition stated, with the BTC (or in this case LTC) as a free bonus.

Anything other than this is considered very risky.

You mean when someone is buying (or selling) Bitcoin they would sell the Bitcoin for Paypal but also send a physical item to represent what it was payed for? But, then that would be unpractical because shipping costs & the item costs would have to be counted for.

[Reaper3]

Do not do this, it is higly insecure and you will lose your money

[Welsh]

Actually they can't do a charge back on virtual items just on tangible items

What do you do if someone does a chargeback?  You'd have nothing to show for it and they'd win.

Yes they can.  They can claim their account was hacked/tampered with, and would get a full refund.  Trust me... I know. :/

I believe chargebacks can be valid up to 180 days.

Correct.  And disputes supposedly are supposed to be up to 45 Business days.
Paypal is usually in favour of the buyer anyways :/

Sorry to hear that. I've never dealt with paypal and Bitcoin. It's a huge risk for even trusted buyers.

[Baitty]

Do not do this, it is higly insecure and you will lose your money

Listen to this. It's safer to use a exchange or bank transfer is also popular among the people dealing at the exchange sub-forum.

[sublime5447]

Charge backs are very common with BTC and i still have to hear about a case where PP ruled in favor of the seller.

One possibility would be to send registered paper wallets by mail, but i still believe PP would fuck you over.

I have had charge backs ruled in my favor. It depends on the method of payment.

[Baitty]

Charge backs are very common with BTC and i still have to hear about a case where PP ruled in favor of the seller.

One possibility would be to send registered paper wallets by mail, but i still believe PP would fuck you over.

I have had charge backs ruled in my favor. It depends on the method of payment.

I believe paypal protects buyers more than sellers, unless the sellers appeal and provide certain information about the sale.

[sublime5447]

Look at my trust score every transaction as been for paypal ( couple money pak). It can be done but is not easy and does involve risk.