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Author Topic: Is Paypal safe for bitcoin transactions?  (Read 978 times)
tins
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November 03, 2013, 09:27:26 AM
 #1


Scenario:
Person A sends paypal payment to Person B for bitcoin. Person A confirms their bitcoin address via email to Person B.
Then, Person B sends bitcoin to Person A.

If Person A were to attempt to reverse payment on Paypal, all Person B would have to do is respond to paypal with screenshot of Person A's email confirming bitcoin address and a screenshot of their wallet 'sent' transaction to said bitcoin address.

That should be plenty of proof that Person B needs to prevent Person A from reversing payment.

Why are people so afraid of Paypal transaction? It should be relatively simple to prevent a scammer that tries to reverse payment.
Am I missing anything?

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tbcoin
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November 03, 2013, 09:36:06 AM
 #2

NO.

There are a lot of thread about this, in short I could say that:
1 - Paypal's policies do not allow bitcoin transactions
2 - Paypal always will support the buyer
3 - You will be scammed in 99% of your paypal/bitcoin operations.

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November 03, 2013, 09:37:19 AM
 #3

Conclusion: never use paypal for bitcoin related transactions. never.

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November 03, 2013, 09:37:56 AM
 #4

Exactly. Stay away from Paypal. You could use localbitcoins.com for physical transactions.

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imbladednow
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November 03, 2013, 09:40:16 AM
 #5


Scenario:
Person A sends paypal payment to Person B for bitcoin. Person A confirms their bitcoin address via email to Person B.
Then, Person B sends bitcoin to Person A.

That should be plenty of proof that Person B needs to prevent Person A from reversing payment.



Obviously email is not enought proof

You need to send physical item and have proof of sending it

I need crypto in my life and garbage out of it.
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November 03, 2013, 09:43:27 AM
 #6

I had bad experiences with paypal , wont trust them ever again.
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November 03, 2013, 10:05:10 AM
 #7

IT' s the first day here and the first thing I've understood is that paypal is not safe. There are a lot of guides about this.
Just check it out.
Bye.
tins
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November 03, 2013, 10:06:39 AM
 #8


Goodness.
I guess I'll stay away from Paypal.

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November 03, 2013, 10:29:34 AM
 #9

I had bad experiences with paypal , wont trust them ever again.

I agree, I've been burned by them, ...never again!!!
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November 03, 2013, 10:30:44 AM
 #10

Not safe at all, but if you do the transaction with some of the trusted member in this forum should be ok....

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November 03, 2013, 10:33:35 AM
 #11

paypal can be very dangerous and given how you thing it works and is safe it is best for you to avoid using them. but there are deals which happen with paypal which work fine. need to be much more careful though.
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November 03, 2013, 01:07:28 PM
 #12

There are a big risk when using paypal. Dont use it if you not trust enough the buyer

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Baitty
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November 03, 2013, 01:19:02 PM
 #13

Basically. Never do it. Even the most trusted of people could easy do a charge back.

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November 03, 2013, 01:22:58 PM
 #14

Isn't there a stickied topic about Paypal and Bitcoin?

If not there probably should be (as the same questions come up often - as do people offering BTC via Paypal who end up getting screwed no matter how cleverly they think they have "worked it out").

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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Golph
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November 03, 2013, 01:32:22 PM
 #15

If the transaction isn't big, it should be consider quite safe to do paypal transaction in this forum with trusted member...

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November 03, 2013, 01:39:12 PM
 #16

If the transaction isn't big, it should be consider quite safe to do paypal transaction in this forum with trusted member...
Do you know about the charge using paypal ?

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November 03, 2013, 01:55:26 PM
 #17

NO! paypal is not safe for bitcoin,dealing with paypal requires a lot of trust,if it is soembody you know and trust i think its ok.
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November 03, 2013, 01:57:02 PM
 #18

If the transaction isn't big, it should be consider quite safe to do paypal transaction in this forum with trusted member...
Except you'd be scamming PayPal since they've explicitly made it clear that they do not agree to take this risk.

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November 03, 2013, 02:41:10 PM
 #19

I believe the paypal must be send as a gift.

Can be gift charged back?
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November 03, 2013, 02:43:09 PM
 #20

I believe the paypal must be send as a gift.

Can be gift charged back?

Yes it can - and by the Paypal TOS you cannot use Bitcoin (or any other internet currency).

Just read the stories of those that tried and failed creating services for Paypal to BTC (exactly why it should be stickied if it isn't already).

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