DogeCoins sell/buy site (PayPal)

[kamma]

hello,
i created the site for buying/selling dogecoins (any cryptocurrency in near future) with PayPal. At this stage the site works as proof of concept and no other seller registration allowed. I plan to fully open this site for sellers, but have to find out how to keep it trustworthy (probably some seller ratings as on ebay) if you have questions, you can ask me here, or via mail on the site.
one of the main reasons, why i made this site is, because of ebay item restrictions (10 items/$500)
so here is the link : www.sellcoins.eu
thanks for feedback

[gamybtc]

Are you sure, you will be success? I hope never with paypal.

Just beware of chargebacks.

[kamma]

Are you sure, you will be success? I hope never with paypal.

Just beware of chargebacks.

i am definitely not sure, but want to try...

[Welsh]

Are you sure, you will be success? I hope never with paypal.

Just beware of chargebacks.

i am definitely not sure, but want to try...

I would suggest a alternative due to chargebacks.

[kamma]

I would suggest a alternative due to chargebacks.

it could be solved by sellers registration.
if seller do this once, his "reputation" goes down and no one will sell him anything in future...

[yakuza699]

I would suggest a alternative due to chargebacks.

it could be solved by sellers registration.
if seller do this once, his "reputation" goes down and no one will sell him anything in future...

I know this comment is not about this site but i am still wondering how did virwox survived that long as they do accept paypal too how do they fight against chargebacks?

[paulus51]

nice feature but wer do you buy them ? i only see sell

[kamma]

nice feature but wer do you buy them ? i only see sell

this feature will be implemented in future. at this moment is more important to sell mined coins...

[Spam_vt]

I would suggest a alternative due to chargebacks.

it could be solved by sellers registration.
if seller do this once, his "reputation" goes down and no one will sell him anything in future...

Reputation won't fix the problem.  A buyer with a stolen paypal account only needs to make one purchase to make a profit (he doesn't care about reputation).  It usually goes something like this:

1. Buyer with a stolen paypal account sends the payment
2. Seller sees the payment and sends the coins
3. The actual account owner sees the charge and contacts paypal to refund the charge
4. Paypal does a chargeback and takes the payment back from the seller

Now the paypal thief has the coins, while the seller is left with no payment and no coins.

[larue05]

As I said yesterday on your other post.

Your prices are still to high.  You're selling 30% over the current market price.

[kamma]

Reputation won't fix the problem.  A buyer with a stolen paypal account only needs to make one purchase to make a profit (he doesn't care about reputation).  It usually goes something like this:

1. Buyer with a stolen paypal account sends the payment
2. Seller sees the payment and sends the coins
3. The actual account owner sees the charge and contacts paypal to refund the charge
4. Paypal does a chargeback and takes the payment back from the seller

Now the paypal thief has the coins, while the seller is left with no payment and no coins.

i dont see big problem with scenario you describe here, because there is not so much stolen accounts.
bigger issue is to do chargeback on purpose by the real account owner.

[Spam_vt]

Reputation won't fix the problem.  A buyer with a stolen paypal account only needs to make one purchase to make a profit (he doesn't care about reputation).  It usually goes something like this:

1. Buyer with a stolen paypal account sends the payment
2. Seller sees the payment and sends the coins
3. The actual account owner sees the charge and contacts paypal to refund the charge
4. Paypal does a chargeback and takes the payment back from the seller

Now the paypal thief has the coins, while the seller is left with no payment and no coins.

i dont see big problem with scenario you describe here, because there is not so much stolen accounts.
bigger issue is to do chargeback on purpose by the real account owner.

I just want you to understand that chargebacks are going to be a huge problem.  Whether it is from stolen paypal accounts or users doing chargebacks on their own account, you still have the same problem (seller loses money).  This is the reason no one else accepts paypal  for cryptocoins.