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Author Topic: [WTB] BTC for Paypal  (Read 1307 times)
Light
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September 30, 2013, 10:10:58 AM
 #21

You don't seem to know how paypal works, or have any/a lot of paypal experience.

If people are saying that you should not use paypal for buying btc, it is because paypal transactions are irreversible, and not btc transactions.


I'll assume you meant that they are reversible. And as a matter of fact I do have quite a lot of experience with PP, especially in regards to BTC. I was here when the scams actually started...

Finally, the fact that they are reversible is only part of the issue. If PP actually went to any means to verify whether the "goods" being BTC were actually sent and didn't always side with the buyer we wouldn't have an issue. The problem is that PP doesn't bother, and hence they simply reverse the transaction and the seller gets nothing.
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September 30, 2013, 10:18:51 AM
 #22

Yes I meant paypal = reversible / btc = irreversible.

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September 30, 2013, 10:21:42 AM
 #23

Yes I meant paypal = reversible / btc = irreversible.

Yeah, I thought so lol. Anyway, I think I'm going to stop now, we're starting to derail this thread and I think I made my point, PP is bad to use for BTC exchanges (although it's not that good in general IMHO).
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September 30, 2013, 04:00:54 PM
 #24

Paypal is always reversible unless you can prove 100% the goods were received but even then..

OP just file a claim, say it was unauthorized.

 

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October 17, 2013, 01:16:41 PM
 #25

I filed a claim showing proof seller ceased communication and 'virtual item' never arrived. Paypal issued a refund after 10/11 days.
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