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Author Topic: What's about bank account verification to allow buying with paypal?  (Read 623 times)
nopan (OP)
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August 06, 2011, 11:48:30 PM
 #1

I too was scammed twice and stopped selling with Paypal payment option.

But I still think that Paypal would, if really save, be best for Bitcoin exchange.

Assume Bitmarket.eu as an example would only allow someone to pay Bitcoin with Paypal if he sucessfully payed Bitcoins buyed on Bitmarked.eu with his own bank account. Confirmed by a 100% trustable seller of course.

Wouldn't something like this be an option to make the hole thing faster and saver?

A bank account is much harder to overtake than a bad secured ebay, paypal or other internet account. How should a scammer organize such a bank payment if he doesn't own the bank account?

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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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TiagoTiago
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August 07, 2011, 02:05:01 AM
 #2

It's against Paypal rules to use it to buy digital money...

(I dont always get new reply notifications, pls send a pm when you think it has happened)

Wanna gimme some BTC/BCH for any or no reason? 1FmvtS66LFh6ycrXDwKRQTexGJw4UWiqDX Smiley

The more you believe in Bitcoin, and the more you show you do to other people, the faster the real value will soar!

Do you like mmmBananas?!
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August 07, 2011, 03:38:57 AM
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A bank account is much harder to overtake than a bad secured ebay, paypal or other internet account.
It's significantly easier, actually.

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August 07, 2011, 04:47:46 AM
 #4

I haven't had any issues with either paxum or dwolla. It may take awhile but I feel just a tad bit more secure using them then paypal.
... until you receive Dwolla from an ACH transfer that is later disputed by the checking account holder, then the funds will be taken back out of your Dwolla account.
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