Selling Redeemable Mt. Gox Code Cards with PayPal

[nefanon]

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.)

[nefanon]

Any insight?

[DiaperedDynamo]

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

[nefanon]

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]

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]

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]

I don't think selling it with a physical card violates pp

[xcloudx01]

You would still need to send it to a confirmed address otherwise paypal would not care.

[nefanon]

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]

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

[nefanon]

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]

Does anyone think this would be successful?

[bitcoinTrader]

PM sent

[buttcoin1]

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.