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Author Topic: Is Paypal safe for bitcoin transactions?  (Read 978 times)
Raya
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November 03, 2013, 02:49:27 PM
 #21

Do not use paypal with Bitcoin. Search up the threads which are related to this. You will find all the information you need there.

There are several different types of Bitcoin clients. Header-only clients like MultiBit trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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JoelKatz
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November 03, 2013, 02:52:57 PM
 #22

I believe the paypal must be send as a gift.
You mean you should lie to PayPal to get them to do something they wouldn't do if they knew the truth? Really?

Quote
Can be gift charged back?
If you are asking if the payment can be reversed, of course it can. The sender just has to say they didn't authorize the payment and PayPal will reverse it. Gifts are the easiest to reverse -- for what possible dishonest reason would a person want to reverse a gift? There are clear reasons to dishonestly try to reverse a payment, but surely someone who wants to reverse a gift is almost certainly telling the truth when they say it's unauthorized.

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monbux
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November 03, 2013, 02:59:23 PM
 #23


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

If you're a buyer, I suggest you stick to paypal like glue.  If you are a seller, you're screwed with paypal, I'd suggest using something else, like localbitcoins.

OC19850520
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November 03, 2013, 03:03:23 PM
 #24

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).



Thank you. I guess no one read TOS anyway.
Can be bank wire transfer reversed by your bank as well ? It makes providing services though if it can.
JoelKatz
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November 03, 2013, 03:17:59 PM
 #25

Can be bank wire transfer reversed by your bank as well ? It makes providing services though if it can.
US Domestic transfers can be reversed.

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Gabi
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November 03, 2013, 03:24:20 PM
 #26

Stay away from it!
Ledeci
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November 03, 2013, 05:06:43 PM
 #27

Its simple, don't buy or sell what you can't afford to lose!

*Selling small amounts of bitcoin for paypal*
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