Paypal screw up again [Bitcoin wins]

[RappelzReborn]

Again , Paypal proove that they don't know what they are doing . I'am planning to let paypal go , and just trade my money to Bitcoins.
this image explains all ... now kids can just chargeback after 4-5 months . GG *facepalm*

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[LiteCoinGuy]

ROFL! these fucking motherfuckers.

man, one day i hope we dont need them anymore.

[Come-from-Beyond]

ROFL! these fucking motherfuckers.

man, one day i hope we dont need them anymore.

Explain, please. As a buyer I want to be protected by ability to get the money back if I'm not satisfied with the quality of a purchase. Your post looks illogical to me.

[HWoodrow]

WTF? are paypal staff total idiot? but it is ridicolous to extend time of chargeback, in this way many shill can ask for chargeback in longtime !

[jbrnt]

180 days? From now on, it is better to buy stuff with PayPal and not sell stuff via PayPal.

[Remember remember the 5th of November]

Example:Buy PS4 through PayPal, play with console for 170 or so days(may be less), file dispute, get money back. Profit.

But what is most likely to happen. Buy bitcoins through PayPal, wait 170 or so days and file dispute, get money back.

[Come-from-Beyond]

Example:Buy PS4 through PayPal, play with console for 170 or so days(may be less), file dispute, get money back. Profit.

But what is most likely to happen. Buy bitcoins through PayPal, wait 170 or so days and file dispute, get money back.

The market will find an equilibrium point even in this case. No need to worry for this, the market has been doing it for ages.

[MF Doom]

wow, just wow. I know I always breathe a sigh of relief after 45 days if I sell on eBay, this makes me really scared to keep using ebay/paypal

[FeedTheDolphins]

Wow.  It seems our assumptions about Paypal wanting to be more secure and cracking down on false chargebacks are completely wrong.  I guess we gave Paypal too much credit despite its track record.

[erre]

Example:Buy PS4 through PayPal, play with console for 170 or so days(may be less), file dispute, get money back. Profit.

But what is most likely to happen. Buy bitcoins through PayPal, wait 170 or so days and file dispute, get money back.

The market will find an equilibrium point even in this case. No need to worry for this, the market has been doing it for ages.

The market dosen't need paypal. If an instrument is obsolete, it will be abandoned.
But there's a pro in paypal behaviour: a buyer will preferably buy were he's best protected from scams. Frequent scams are why people don't like to buy on an unknown/untrusted website, even with fiat and paypal, and this is a big problem for small indipendent sellers. This is a huge problem with btc too, as escrow is too complicated for the average user to use  

[RodeoX]

Perhaps this policy will not apply to bitcoin use? We really don't know how they are going to implement it yet.

[R2D221]

The market dosen't need paypal. If an instrument is obsolete, it will be abandoned.
But there's a pro in paypal behaviour: a buyer will preferably buy were he's best protected from scams. Frequent scams are why people don't like to buy on an unknown/untrusted website, even with fiat and paypal, and this is a big problem for small indipendent sellers. This is a huge problem with btc too, as escrow is too complicated for the average user to use

Yes, but what happens when the scammer is the one buying? Honest sellers are screwed with this model.

[1Referee]

Again , Paypal proove that they don't know what they are doing . I'am planning to let paypal go , and just trade my money to Bitcoins.
this image explains all ... now kids can just chargeback after 4-5 months . GG *facepalm*

Paypal didn't screw up...

It's just an extra protection for current and potential buyers, and they will actually like it.

People still compare Paypal with Bitcoin, none will win and none will lose. These are two totally different payment options.

[erre]

The market dosen't need paypal. If an instrument is obsolete, it will be abandoned.
But there's a pro in paypal behaviour: a buyer will preferably buy were he's best protected from scams. Frequent scams are why people don't like to buy on an unknown/untrusted website, even with fiat and paypal, and this is a big problem for small indipendent sellers. This is a huge problem with btc too, as escrow is too complicated for the average user to use

Yes, but what happens when the scammer is the one buying? Honest sellers are screwed with this model.

Honest sellers need to attract  buyers, unless you make BIG discounts .But that would seem even more a scam, and in the long run you'ĺl lose more money for discounts than for a couple of unlikely chargeback scams.

BItcoin need a better user-friendly escrow system, I hope that open bazaar will success in that goal.

[RappelzReborn]

Again , Paypal proove that they don't know what they are doing . I'am planning to let paypal go , and just trade my money to Bitcoins.
this image explains all ... now kids can just chargeback after 4-5 months . GG *facepalm*

Paypal didn't screw up...

It's just an extra protection for current and potential buyers, and they will actually like it.

People still compare Paypal with Bitcoin, none will win and none will lose. These are two totally different payment options.

They did , at least this what think.
They may be protecting the buyer ... by not the seller

[TheButterZone]

Perhaps this policy will not apply to bitcoin use? We really don't know how they are going to implement it yet.

Yeah, maybe PayPal will only accept cash in the mail with a signed BTC message proving ownership of the key in the envelope, and restrict withdrawals to that address with re-signing required each time.

[opossum]

Again , Paypal proove that they don't know what they are doing . I'am planning to let paypal go , and just trade my money to Bitcoins.
this image explains all ... now kids can just chargeback after 4-5 months . GG *facepalm*

Paypal didn't screw up...

It's just an extra protection for current and potential buyers, and they will actually like it.

People still compare Paypal with Bitcoin, none will win and none will lose. These are two totally different payment options.

They did , at least this what think.
They may be protecting the buyer ... by not the seller

Buyers are what drive the economy. Without buyers then there will be no economic output. It is also the sellers that are competing for the buyers' business not the other way around. If buyers are better protected then it will be easier for a seller to compete for business.

Also the sellers are protected. In the event the buyers is successful at getting their money back from a frivolous chargeback, the seller could take the buyer to court and sue the buyer for what is owed to them plus legal fees

[Lazlo]

It is not 180 day's to allow for chargeback, chargebacks are done via you credit card company and can be done at any time, they are expanding the time a buyer has to lodge a dispute, which they have specialists review before making a decision on who to side with, for seller there is plenty of ways to protect yourself from scammers and paypal have many tips on how to stay safe

[mercistheman]

Def gonna rethink selling on ebay... IMO this will cost them considerable $ s.

[bitllionaire]

that is good for buyers,but really bad for sellers....
60 days would have been a more logical increase,but more than that is excessive