How easy is it for others to rip you off when buying BTC from you using paypal?

[xan_The_Dragon]

I am asking because I am thinking of selling bitcoins for paypal, How easy is it for people to rip you off if you have transaction proof?

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[RodeoX]

Sell me some bitcoins and I'll show you. 

The risk is me paying with PP, then ordering a chargeback via PP. I now have the coins and the PP money. When you complain to PP they may lock your account, as it is against their TOS.

[xan_The_Dragon]

Sell me some bitcoins and I'll show you. 

The risk is me paying with PP, then ordering a chargeback via PP. I now have the coins and the PP money. When you complain to PP they may lock your account, as it is against their TOS.

so is it as easy as asking for charback and they will take get their money back from me? Even if I have blockchain proof of transaction?

Does it matter how established my account is?

[RodeoX]

Sell me some bitcoins and I'll show you. 

The risk is me paying with PP, then ordering a chargeback via PP. I now have the coins and the PP money. When you complain to PP they may lock your account, as it is against their TOS.

so is it as easy as asking for charback and they will take get their money back from me? Even if I have blockchain proof of transaction?

Does it matter how established my account is?

That has been an experience reported here often. Imagine the look on their face when you mention the proof is in the blockchain. And remember that selling bitcoins using PayPal is against their terms of service. They have no obligation to help you, and they won't.

PayPal will not exist in the future because of bitcoin. They are direct competitors and PayPal knows they can't match the price of sending BTC. 

[xan_The_Dragon]

so using paypal to buy bitcoins is not allowed and thats why they dont protect it??? wow

[hilariousandco]

Try find someone reputable on here that buys with paypal. There are lots of honest, genuine buyers who love the ease of using it, but unfortunately paypal are bastards for not investigating chargeback fraud at all. They should pay the money out of their own pocket, especially if you have proof via the blockchain. I've bought all of my coins so far with paypal, and as much as I would love to sell coins via it, I personally would not want to take the risk.

[haploid23]

Seriously, why is paypal even still being mentioned? I've been here since 2011, and there are SO MANY scam stories that originate because of paypal. Not only do they not protect you from chargeback, if they find out that you're using them as to transfer from BTC to your bank, then can freeze your account. Worst case they'll ban you. It's against their Terms of Service.

If you need to quickly and easily transfer money, use localbitcoins.com instead. There are options to do it with local cash, online back transfers, or cash deposits. There is even a built in escrow system. Here are all the payment options they list that you can use, and the general risk factor for each:

https://localbitcoins.com/guides/how-to-sell-bitcoins-online?ch=ly5

[BitcoinBarrel]

PayPal's Terms of Service states that they do not get involved in 3rd party disputes over non-tangible items. Unless you ship it to their address with a tracking number you are out of luck. A couple years ago I bought a domain name on Flippa for $1400. I paid the seller PayPal and he transferred the domain to my Godaddy account. Shortly after, the domain was on hold in my account and later found out the seller was a scammer using stolen accounts. I contacted PayPal and gave them all of the information and they ended up giving the money to the scammer anyway. The domain was taken out of my account and I lost $1400 just like that.

[R2Pleasent]

There are many ways people can reverse a payment with Paypal:

- If they used a CC/Debit, they call their financial institution and claim non-receipt or unauthorized use
- If they used a VPN or other anonymizing software they could file an unauthorized claim
- If they use a stolen Paypal account
- If they receive fraudulent money from another person and forward that to you
- If they file a non-receipt dispute (you have a chance on this one)
- If they file an unauthorized claim (even without a VPN, these still work sometimes)
- If Paypal flags the payment as suspicious for any reason

And many more!  And considering that frauded Paypal money is worth pennies on the dollar, it is profitable for many Paypal fraudsters to buy Bitcoins at 200-300% of their value.  Be careful out there.

[501]

1) BTC transactions are against PayPal's TOS.

2) Even if they weren't, the stone-age PayPal employees still wouldn't understand how BTC works and would be baffled if you submitted the blockchain as evidence against a dispute.

3) PayPal and credit cards cater to buyers, not sellers, so it's typical for them to fraudulently award claims in the buyer's favor regardless of who is right and who is wrong.

tl;dr PayPal sucks, don't use it.