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Author Topic: Buy mini Bitcoins with PayPal  (Read 1247 times)
TheBitMan
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August 06, 2011, 01:20:33 AM
 #1

Not sure if you guys can post in the exchange section..but I just opened a brand new exchange that accepts paypal

http://minibits.weebly.com/

will transfer to a .com if I get a good amount of orders
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the founder (Bitcoin)
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August 06, 2011, 01:27:56 AM
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Not sure if you guys can post in the exchange section..but I just opened a brand new exchange that accepts paypal

http://minibits.weebly.com/

will transfer to a .com if I get a good amount of orders

You're just setting yourself up for scams. PayPal is reversible, I could simply claim that I did not receive the virtual funds.

Instantly get 22.5x your Bitcoins!  Play instantly with as little as 0.01 Bitcoins! Absolutely no waiting for block confirmations to play! (http://minefield.bitcoinlab.org/?r=ZtiPHe2v0oyShD8x)
TheBitMan
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August 06, 2011, 01:32:23 AM
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Not sure if you guys can post in the exchange section..but I just opened a brand new exchange that accepts paypal

http://minibits.weebly.com/

will transfer to a .com if I get a good amount of orders

You're just setting yourself up for scams. PayPal is reversible, I could simply claim that I did not receive the virtual funds.
What if  I already cashed out the money?
runlinux
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August 06, 2011, 01:39:49 AM
 #4

you account gets hit and you are out money no matter what...

TheBitMan
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August 06, 2011, 01:48:12 AM
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I can prove I paid, if someone scams me for this lottle amount for all the info I will have on them is not worth it
BitcoinPappi
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August 06, 2011, 02:42:04 AM
 #6

This is great, but can you increase the amount of bitcoin
TheBitMan
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August 06, 2011, 02:44:17 AM
 #7

This is great, but can you increase the amount of bitcoin
Don't have a large amount available, I wish to increase it in the future.
byte-storm
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August 06, 2011, 02:55:31 AM
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Your proof is worth nothing for Paypal. They always charge the money back if someone claims his account was "hacked" and you will get an automatic email telling you to fix your negative balance, thus actually helping the scammer. I'm currently going through that process. You will find numerous threads here and elsewhere about it. If you want to be sure to get your money and keep it, don't use Paypal, never.
TheBitMan
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August 06, 2011, 03:01:29 AM
 #9

Your proof is worth nothing for Paypal. They always charge the money back if someone claims his account was "hacked" and you will get an automatic email telling you to fix your negative balance, thus actually helping the scammer. I'm currently going through that process. You will find numerous threads here and elsewhere about it. If you want to be sure to get your money and keep it, don't use Paypal, never.
I did this in the past and 3 peopel bought, no scmammers. Also this is a small amount.
NothinG
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August 06, 2011, 04:37:00 AM
 #10

Not being rude, and I've talked to you via PM's but...I'm agreeing with people here.
Not only will paypal reverse the funds, but they will:
-Freeze your's and your trader's account
-Contact you once or twice a day for a week (then over time it kind of goes down)
-After about a year, they will contact your bank

...and that's about as far as I've gotten so far. I believe they will suspend anyone suspected to be using Bitcoins.
I do wish you the best of luck though!

the founder (Bitcoin)
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August 06, 2011, 04:43:11 AM
 #11

Not sure if you guys can post in the exchange section..but I just opened a brand new exchange that accepts paypal

http://minibits.weebly.com/

will transfer to a .com if I get a good amount of orders

You're just setting yourself up for scams. PayPal is reversible, I could simply claim that I did not receive the virtual funds.
What if  I already cashed out the money?

It does not matter if you've already cashed out the money. If you having outside funding sources, they will not let you remove them until your negative balance is all paid up.

Instantly get 22.5x your Bitcoins!  Play instantly with as little as 0.01 Bitcoins! Absolutely no waiting for block confirmations to play! (http://minefield.bitcoinlab.org/?r=ZtiPHe2v0oyShD8x)
NothinG
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August 06, 2011, 04:56:23 AM
 #12

Not sure if you guys can post in the exchange section..but I just opened a brand new exchange that accepts paypal

http://minibits.weebly.com/

will transfer to a .com if I get a good amount of orders

You're just setting yourself up for scams. PayPal is reversible, I could simply claim that I did not receive the virtual funds.
What if  I already cashed out the money?

It does not matter if you've already cashed out the money. If you having outside funding sources, they will not let you remove them until your negative balance is all paid up.
I still have a positive $234 in my Paypal, but it's frozen.

laydum
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August 06, 2011, 05:24:45 AM
 #13

Yeah... Paypal isn't really the most secure payment method.

smiles
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August 06, 2011, 05:46:17 AM
 #14

I hate even the thought of PayPal.
Ridi
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August 06, 2011, 06:23:25 AM
 #15

BTC+Paypal is setting yourself up for failure.  Search for coincard on this forum and you'll see just how bad it is. 

I use Trade Hill, you can use my referral code (TH-R115864) for a 10% discount on commissions
Public address 1vedbt1pLCKyBfS9eApCfL4UAwQ1et12z
I don't support the artificial value of BTC, don't buy BTC at ridiculous prices.  Let Miners learn the lesson banks wouldn't.  The Supply has outgrown Dema
ffuentes
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August 06, 2011, 07:10:19 AM
 #16

BTC+Paypal is setting yourself up for failure.  Search for coincard on this forum and you'll see just how bad it is.  

But if you could fill an account with your PayPal account once and with that prepaided account buying Bitcoins?


-------------

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Sepp
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August 06, 2011, 11:54:00 AM
 #17

Not sure if you guys can post in the exchange section..but I just opened a brand new exchange that accepts paypal

http://minibits.weebly.com/

will transfer to a .com if I get a good amount of orders

Sounds like a bad idea to use paypal if they have a policy of not allowing bitcoin trades and exchanges over their network. It's a competition game, and a dirty one at that, and paypal always wins. They have the lawyers and the conditions of use tweaked so whatever you do they can best you. Freeze account, take your money, report you... I would rather stay away from them.
TheBitMan
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August 06, 2011, 01:21:09 PM
 #18

Well..I lost 15 cents in issuing refunds. (Do to the overwhelming negative comments on the topic.) But I really like running sites. Any ideas?
TheBitMan
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August 06, 2011, 01:23:41 PM
 #19

PayPal also took .35 cents out of a 1.31 sale, greedy bastards.
byte-storm
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August 06, 2011, 01:37:56 PM
 #20

Someone apparently didn't even read the list of fees. Tongue
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