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Author Topic: Selling Redeemable Mt. Gox Code Cards with PayPal  (Read 1438 times)
nefanon
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September 02, 2011, 02:26:56 PM
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If I started a site to sell redeemable Mt. Gox codes printed on a physical card and mailed it with Signature Confirmation, would that eliminate the possibility of chargebacks?

I think we'd all agree the hardest part of getting into Bitcoins is actually BUYING the Bitcoins.

(Here's a great article on Delivery Confirmation & Signature Confirmation.)
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nefanon
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September 02, 2011, 07:17:37 PM
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Any insight?
DiaperedDynamo
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September 02, 2011, 07:31:00 PM
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Use dwolla instead, the point of bitcoin is to move away from exchanges like paypal.

d times?
nefanon
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September 02, 2011, 07:41:20 PM
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Use dwolla instead, the point of bitcoin is to move away from exchanges like paypal.

The point of the site would be to eliminate the use of slow money transfers like Dwolla. It would enable new users to get Bitcoins relatively quickly considering the alternatives.
koin
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September 02, 2011, 08:44:46 PM
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If I started a site to sell redeemable Mt. Gox codes printed on a physical card and mailed it with Signature Confirmation, would that eliminate the possibility of chargebacks?

if you were shipping barbie dolls or other physical goods and were following the terms in paypal's seller protection list, then the recipient's claim of "item not received" could be challenged by you.  bitcoin whether printed on a physical card or sent electronically is still a digital good, and as such that releases paypal from honoring this seller protection guarantee.

you can try it, though dealing with paypal has only ended in tears for any sellers with any volume to speak of.
nefanon
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September 06, 2011, 08:08:04 PM
 #6

bitcoin whether printed on a physical card or sent electronically is still a digital good

^ Is that true? Can you provide a reference link to this?

I'm not trolling, I'm just curious. If selling gift codes or gift cards is so dangerous, how are they sold online at all?
jpapabreeze
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September 07, 2011, 12:08:28 PM
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I don't think selling it with a physical card violates pp
xcloudx01
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September 07, 2011, 12:26:53 PM
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You would still need to send it to a confirmed address otherwise paypal would not care.
nefanon
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September 07, 2011, 03:09:51 PM
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You would still need to send it to a confirmed address otherwise paypal would not care.

Agreed. That would definitely help towards fighting a chargeback.
hmongotaku
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September 07, 2011, 08:36:41 PM
 #10

mt. Gox has cards? you sure it isn't from www.mgtox.com or www.mtgox.tk? lol

nefanon
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September 07, 2011, 08:54:45 PM
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mt. Gox has cards? you sure it isn't from www.mgtox.com or www.mtgox.tk? lol

Lol, I meant I would print the redeemable code ON a card then sell it. Basically doing the exchange for people interested in buying small amounts of bitcoins. In my mind it would be a lot like http://bitbills.com/index.html
nefanon
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September 09, 2011, 06:28:51 PM
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Does anyone think this would be successful?
bitcoinTrader
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September 09, 2011, 07:15:33 PM
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PM sent

buttcoin1
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September 09, 2011, 08:28:31 PM
 #14

Use dwolla instead, the point of bitcoin is to move away from exchanges like paypal.

The point of the site would be to eliminate the use of slow money transfers like Dwolla. It would enable new users to get Bitcoins relatively quickly considering the alternatives.

Don't bother with Dwolla, Exchb can get you same day bitcoins.

That crappy site doesn't even have a trusted SSL cert.

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