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Author Topic: Beware of PayPal and other reversible transfer services  (Read 305537 times)
Viktorija Levi
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August 23, 2018, 01:17:59 AM
 #781

I never heard that Western Union is reversible? I even tried once to return my founds, no way.

What then they other best option to use fiat to buy coins/bitcoins then?
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The trust scores you see are subjective; they will change depending on who you have in your trust list.
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August 27, 2018, 06:14:38 AM
 #782

The best option is a personal meeting and cash-to-coins exchange. Much better than any of the services.
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September 07, 2018, 05:02:04 PM
 #783

I never heard that Western Union is reversible? I even tried once to return my founds, no way.

What then they other best option to use fiat to buy coins/bitcoins then?

If you pickup your funds and transactions is between other countries, I don't believe there is much that can be done.

I would just use an exchange that accept credit cards If I were you, something like Coinmama or Coinbase should do the trick.


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September 11, 2018, 05:41:58 PM
 #784

When I sell something using paypal, so many sales being reversed due to "credit card fraud" and I never get refund. That is all I get for their ridiculous fees
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October 12, 2018, 09:07:34 PM
 #785

PayPal, MoneyBookers (Skrill) is very centralized. I don't like all of it. There ae a lot of problems to use it for changing fiat to crypto and back.

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October 17, 2018, 01:29:38 PM
 #786

Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.

This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.

Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)

I have lost 150$ at paypal for some payment of btc. They can easily create a ticket and force you to refund money back to them. PayPal can charge your credit card if you move your funds out of it. beware.
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October 17, 2018, 01:30:29 PM
 #787

PayPal, MoneyBookers (Skrill) is very centralized. I don't like all of it. There ae a lot of problems to use it for changing fiat to crypto and back.

skrill is even more dangerous. they can just refund the buyer and also charge you for inappropriate usage of their service. avoid!
MadGamer
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October 18, 2018, 09:03:48 AM
 #788

skrill is even more dangerous. they can just refund the buyer and also charge you for inappropriate usage of their service. avoid!

I believe Skrill is much harder when it comes to chargebacks so I would recommend it over PayPal and I don't think what you said is even possible. By that logic, If the transaction from A to B is made and then one user is sending to another, everyone will lose their funds? that would make the company close in a matter of days.


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October 24, 2018, 08:24:14 AM
 #789

PayPal, Skrill (MoneyBookers) and so on was actually long time ago in the far far galaxy))) It is very centralized and has very high fees. It's better to use p2p private platform of meetinf face to face for exchange, but this way has another dangers.

shekt4
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October 26, 2018, 10:05:36 AM
 #790

Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.

This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.

Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)

Yes ....so true ! A friend once had check back issues after receiving cash through a bank transfer which he has rendered service...it was a bad experience for him! Since that ugly incident...me and my co networks are very careful as to where payments are coming from....
krypto101
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November 13, 2018, 08:49:21 AM
 #791

Paypal Sucks , Reverse me $900 that i do not meet seller's protection requirements  Kiss Grin
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