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Author Topic: Need a Paypal to Mt.gox USD Exchange  (Read 1566 times)
Blackout
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August 29, 2011, 02:21:40 PM
 #21

Paypal ALWAYS sides on the side of the buyer, so the current scam is to brute force hack accounts on ebay and buy up bitcoins.  Since the bitcoin transfer is NON reversible, after the honest btc seller on ebay gets the paypal money and sends the bitcoins, the non honest paypal / ebay user then says "oh my account was hacked! Sure, some accounts were hacked... and many were not - but they go on a btc buying spree to LOOK like they were hacked fully knowing that paypal will reverse the charges.

So person goes bitcoin buying spree, the tells ebay/paypal (same company) "oh no I was hacked"
Person now has all the bitcoins, and gets their money back. Seller of bitcoins is screwed.

BTC seller is fucked because A> paypal ALWAYS sides with the buyer. B> bitcoins are long gone and you are out of luck and they just take the money right out of your account and may even freeze it.  Ebay was originally pulling bitcoin listings but it appears they are allowing it now, but almost ALL the buyers are scammers either hacking the account or pretending to be hacked.

This needs a current thread of its own.




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Kamui-Shiro
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August 29, 2011, 02:26:45 PM
 #22

Paypal ALWAYS sides on the side of the buyer, so the current scam is to brute force hack accounts on ebay and buy up bitcoins.  Since the bitcoin transfer is NON reversible, after the honest btc seller on ebay gets the paypal money and sends the bitcoins, the non honest paypal / ebay user then says "oh my account was hacked! Sure, some accounts were hacked... and many were not - but they go on a btc buying spree to LOOK like they were hacked fully knowing that paypal will reverse the charges.

So person goes bitcoin buying spree, the tells ebay/paypal (same company) "oh no I was hacked"
Person now has all the bitcoins, and gets their money back. Seller of bitcoins is screwed.

BTC seller is fucked because A> paypal ALWAYS sides with the buyer. B> bitcoins are long gone and you are out of luck and they just take the money right out of your account and may even freeze it.  Ebay was originally pulling bitcoin listings but it appears they are allowing it now, but almost ALL the buyers are scammers either hacking the account or pretending to be hacked.

This needs a current thread of its own.





you are totally right. I have a little online shop, paypal-based and got chargebacked a lot. But well, what can i do if i only have paypal Sad. And there is a way that you cant chargeback. On an other forum there is a paypal message which tells that you have no right for  a chargeback. This works very often Smiley
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August 29, 2011, 02:31:47 PM
 #23

I don't think amending a "you have no right for chargeback" statement in your sale would work - because ebay states you can't override their rules and so does paypal.

I dabbled in selling BTC on ebay and only got a few legitimate buyers and more than 60% scams.  I have been trying to figure out some way to prevent the scamming but have not yet, so now I do not send the BTC ever until I mail an instruction booklet with a secret phrase that must go to their address and be opening and e-mailed to me. This of course is confirmed delivery, which I must charge extra for, but I even got a charge back on that which is now in dispute.  My term is that I am selling a beginners guide to bitcoins and including the bitcoins as a BONUS once you receive your guide.  Paypal is not liking this though. We'll see what comes of it.  Until then no more ebay selling for me.




http://blackout.com
Insane writings for an Outsane world: http://blackoutsblog.com

Blackout Radio on android or iphone DL TuneIn APP & search for Blackout Radio http://tunein.com/tuner/?StationId=136506

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kokjo
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You are WRONG!


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August 29, 2011, 02:34:15 PM
 #24

Paypal ALWAYS sides on the side of the buyer, so the current scam is to brute force hack accounts on ebay and buy up bitcoins.  Since the bitcoin transfer is NON reversible, after the honest btc seller on ebay gets the paypal money and sends the bitcoins, the non honest paypal / ebay user then says "oh my account was hacked! Sure, some accounts were hacked... and many were not - but they go on a btc buying spree to LOOK like they were hacked fully knowing that paypal will reverse the charges.

So person goes bitcoin buying spree, the tells ebay/paypal (same company) "oh no I was hacked"
Person now has all the bitcoins, and gets their money back. Seller of bitcoins is screwed.

BTC seller is fucked because A> paypal ALWAYS sides with the buyer. B> bitcoins are long gone and you are out of luck and they just take the money right out of your account and may even freeze it.  Ebay was originally pulling bitcoin listings but it appears they are allowing it now, but almost ALL the buyers are scammers either hacking the account or pretending to be hacked.

This needs a current thread of its own.





you are totally right. I have a little online shop, paypal-based and got chargebacked a lot. But well, what can i do if i only have paypal Sad. And there is a way that you cant chargeback. On an other forum there is a paypal message which tells that you have no right for  a chargeback. This works very often Smiley
take bitcoin instead of paypal.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
Kamui-Shiro
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August 29, 2011, 02:35:15 PM
 #25

Well on this forum you sell virtual stuff for a game. Wait ill copy paste fast the text you have to write there:

I have received the virtual goods, upon this gift I have sent. I agree to the consequences of fraud if it is my option to file a chargeback or reversal dispute to this transcation of virtual goods, I will be persuited by the state of law, knowingly transfers, possesses, or uses, without lawful authority, this comment is my indentifcation of this transaction has been processed and I will not file a chargeback or a reversal dispute upon any circumstances, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law will be my action(s) of fraud, any fraudulent activities I may cause is the seller's choice upon my actions of such activity to this transaction. I hereby notify under provisions of Public Laws 104-208, also known as the Fair Debt Collection Practices Act, that any creditor(s) of Collection Agency that will lead of a chargeback dispute, will affect my Credit Score.
Blackout
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August 29, 2011, 02:38:53 PM
 #26

Well on this forum you sell virtual stuff for a game. Wait ill copy paste fast the text you have to write there:

I have received the virtual goods, upon this gift I have sent. I agree to the consequences of fraud if it is my option to file a chargeback or reversal dispute to this transcation of virtual goods, I will be persuited by the state of law, knowingly transfers, possesses, or uses, without lawful authority, this comment is my indentifcation of this transaction has been processed and I will not file a chargeback or a reversal dispute upon any circumstances, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law will be my action(s) of fraud, any fraudulent activities I may cause is the seller's choice upon my actions of such activity to this transaction. I hereby notify under provisions of Public Laws 104-208, also known as the Fair Debt Collection Practices Act, that any creditor(s) of Collection Agency that will lead of a chargeback dispute, will affect my Credit Score.

Yeah good luck with that.  Pretty much useless and won't stand up because the buyer will claim the HACKER agreed to that, not him


http://blackout.com
Insane writings for an Outsane world: http://blackoutsblog.com

Blackout Radio on android or iphone DL TuneIn APP & search for Blackout Radio http://tunein.com/tuner/?StationId=136506

https://secure.btcontilt.com/register.php?referred=Blackout (BTC Poker)
Kamui-Shiro
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August 29, 2011, 02:40:11 PM
 #27

mh.. yea your right ... :S
mockas1
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August 29, 2011, 04:26:28 PM
 #28

If you need i can sell via PayPal 1 BTC
Kamui-Shiro
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August 29, 2011, 04:34:41 PM
 #29

P.M me please Smiley
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