I might start selling bitcoin for Paypal, call me crazy

[pand70]

i bought with pay pay twice TODAY, scammed BOTH TIMES TODAY. fucking scum around here.

How you got scammed? I mean since you are the buyer...

[ASIC-K]

i bought with pay pay twice TODAY, scammed BOTH TIMES TODAY. fucking scum around here.

How you got scammed? I mean since you are the buyer...

i sent payment to both of them, i already made disputes but its just such a pain in the ass.

[Vod]

The only way I know of preventing a chargeback is to force the person to chargeback and cancel it.

PayPal doesn't allow you to chargeback a second time on the same transaction.

This bears repeating...

Can anyone more experienced with Paypal verify this?

[TonyT]

EDIT: people called Van Gogh crazy, too!

Dude, I think technically Van Gogh *was* crazy! :-)

As for your scheme, it might work with small amounts, but once the amounts get bigger it might fail.  Very common for business schemes to not be "scalable".

TonyT

[phillipsjk]

PayPal and Bitcoin do not mix.

One has irreversible transactions, the other says the merchant may never get paid in the Terms of Service.

[pagereborn]

sell bitcoin through paypal is quick and dirty lol

[edwardelric044]

Lol I dont know if paypal has changed their view of bitcoin yet.  Seems like yesterday people having any association with bitcoin and paypal were gettn hammared....read about it anyway...not only that youd send someone the btc, and they open a dispute saying they never got it and try to make you give their money back... I think the ebay sellers had a rough time with it origionally.

[JoelKatz]

The only way I know of preventing a chargeback is to force the person to chargeback and cancel it.

PayPal doesn't allow you to chargeback a second time on the same transaction.

PayPal has no control over chargebacks. They never allow or disallow them. They just happen and PayPal responds to them. Perhaps you're confusing a chargeback with a dispute?

https://www.paypal.com/us/webapps/mpp/security/chargeback-faq
"A chargeback, also known as a reversal, is when a buyer asks their credit card issuer to reverse a transaction after it has been completed. It is available only to users who make a payment funded by their credit or debit card."

[albela83]

I bought BTC via Paypal twice... Paid a pretty high premium too. Too bad this community is full with scammers.

How much prermium did you pay for it

[edwardelric044]

Things would be a lot less complicated if people would just use bitcoins already....for everything....stupid fiat money. lol if i were to carry cash, it feels no different really than what the spartans carrying around those heavy bars for currency would have felt.....and i feel used....

[Lucky Cris]

I bought BTC via Paypal twice... Paid a pretty high premium too. Too bad this community is full with scammers.

How much prermium did you pay for it

Damn near twice as what they're worth! Usually I use BTC quick, but when they're out, I have to resort to localbitcoins. I've used Virwox many times and paid with Paypal, but the limits are really low and they cap you everyday. I'm a platinum member at BTC Quick, so just waiting to get my hands on some more mula. I'm able to purchase up to 2k per day with them.. and I've done it many of times. Hell, I'm broke now - which is why I'm selling my miners 

[Lucky Cris]

i bought with pay pay twice TODAY, scammed BOTH TIMES TODAY. fucking scum around here.

How you got scammed? I mean since you are the buyer...

i sent payment to both of them, i already made disputes but its just such a pain in the ass.

Son of a gun! I didn't realize you could get scammed for buying with Paypal! I always assumed it was the other way around... So if the risk is both ways, then I've been getting scammed by paying twice as much, thinking that the seller is assuming all the risk? Well I'll be damned!

[hasher87]

goodluck not getting scammed. you're crazy

[Mattster28]

Selling Bitcoin for Pay-Pal is a big no no. Good luck.

[Lucky Cris]

Selling Bitcoin for Pay-Pal is a big no no. Good luck.

What about buying? I get desperate sometimes...

[waqas]

Never use Paypal when it comes to virtual product. Paypal won't help you if you get scammed.

yes its one of most dangrous pay system in term to sell by paypal you must burned out after this

[AuroraHF]

I sell BTC for PayPal on another forum, to highly trusted members. It always works out fine for me.

[User705]

The only way I know of preventing a chargeback is to force the person to chargeback and cancel it.

PayPal doesn't allow you to chargeback a second time on the same transaction.

This bears repeating...

Can anyone more experienced with Paypal verify this?

It only mean internally Paypal will not assist a buyer who did a dispute and then canceled it or in other words said seller corrected what ever he was initially disputing.  In no way does it somehow magically protect the seller if the payment source turns out to be fraudulent.  The issue is that the modern financial system is a full recourse system when it come to fraud.  Nothing is irreversible.  Bitcoin is the exact opposite and therefore very incompatible.  On the practical side OP is in a situation where fraud prevention takes effort and resources and thus raises the cost of bitcoins sold which in turn of course only attracts the scammers since a regular customer is price sensitive and a scammer is not.

[Transcend]

This has allready be donne www.bitonic.nl with ideal.

[BitPal]

Great to see some replies, I've been a bit busy recently. Currently I have not enough time to start this project, but I'll get back to this in month or less. I am going to start with transfers of less than 0.1 BTC and hopefully build my trust level on the way.

i guy on uk ebay sells bitcoin you get sent a bit of paper with a code (tracked post) then you have to email him the number on the card send him your wallet details then he put funds into your account.

I've seen people on ebay selling a something like a penny with the bitcoin used as a bonus then ships them the penny with tracking.  Anyone know if that has been working?

My initial idea was something like this: send a username and password to and account containing the bitcoins with tracking information. At the same time I could send the info to buyer and paypal would give me sellers protection. This method is a bit too time consuming and not reliable enough, though.

hey ill buy some from you right now...

Yeah! I'll get back to this later when I have more time for this. I'll post a thread in some more relevant subforum and inform this thread, too.

I bought BTC via Paypal twice... Paid a pretty high premium too. Too bad this community is full with scammers.

My premium would be 10-20%. Does that seem too much to make a deal? This community is kinda flooded with opportunists and paranoid people.

Dude, I think technically Van Gogh *was* crazy! :-)
As for your scheme, it might work with small amounts, but once the amounts get bigger it might fail.  Very common for business schemes to not be "scalable".

Damn right he was! Small amounts at first, but paypal might accept blockchain as a reliable verification at some point in the future. I actually sent Paypal an email inquiring their policies, but they seemed rather neutral. If someone finds a ToC saying virtual currency trading is not allowed, I'd be happy to see it.

Waste of time, but please yourself
sell bitcoin through paypal is quick and dirty lol

+ I read one of the posters was "pageporn"

This has allready be donne www.bitonic.nl with ideal.

Not understand language. German?