RappelzReborn (OP)
|
|
October 23, 2014, 05:41:05 PM |
|
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*
|
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1014
In Satoshi I Trust
|
|
October 23, 2014, 05:48:51 PM |
|
ROFL! these fucking motherfuckers.
man, one day i hope we dont need them anymore.
|
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1010
Newbie
|
|
October 23, 2014, 05:55:50 PM |
|
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
|
|
October 23, 2014, 05:58:07 PM |
|
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
|
|
October 23, 2014, 06:06:49 PM |
|
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
Legendary
Offline
Activity: 1862
Merit: 1011
Reverse engineer from time to time
|
|
October 23, 2014, 06:20:06 PM |
|
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.
|
BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
|
|
|
Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1010
Newbie
|
|
October 23, 2014, 06:35:40 PM |
|
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
|
|
October 23, 2014, 06:42:47 PM |
|
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
Member
Offline
Activity: 60
Merit: 10
|
|
October 23, 2014, 06:44:53 PM |
|
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
Legendary
Offline
Activity: 1666
Merit: 1205
|
|
October 23, 2014, 06:46:19 PM |
|
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
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
|
|
October 23, 2014, 06:49:21 PM |
|
Perhaps this policy will not apply to bitcoin use? We really don't know how they are going to implement it yet.
|
|
|
|
R2D221
|
|
October 23, 2014, 06:51:13 PM |
|
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.
|
An economy based on endless growth is unsustainable.
|
|
|
1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
|
|
October 23, 2014, 07:46:32 PM |
|
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
Legendary
Offline
Activity: 1666
Merit: 1205
|
|
October 23, 2014, 08:18:40 PM |
|
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 (OP)
|
|
October 23, 2014, 09:02:39 PM |
|
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
Legendary
Offline
Activity: 3038
Merit: 1032
RIP Mommy
|
|
October 23, 2014, 09:41:59 PM |
|
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.
|
Saying that you don't trust someone because of their behavior is completely valid.
|
|
|
opossum
|
|
October 23, 2014, 11:59:52 PM |
|
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
|
▄▄█████████▄▄ ▄█████████████████▄ ▄████▀ ▀████▄ █████ █████▄ ██████████████▄█████████████▄ ████▀▀▀▀▀▀▀█████████▀▀▀▀▀▀▀███▄ ████ ███████ ████ ████ ███████ ████ ████ ███████ ████ ████ ███████ ████ ████▄ ███████ ▄████ ▀████ ███████ ▄████▀ ▀████▄▄▄███████▄▄▄████▀ ▀▀███████████████▀▀
| TIDEX | ║ █ ║ | | ║ █ ║ | |
|
|
|
Lazlo
Member
Offline
Activity: 70
Merit: 10
★ RipDice - Provably fair dice game ★
|
|
October 24, 2014, 12:12:46 AM |
|
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
|
|
October 24, 2014, 12:15:50 AM |
|
Def gonna rethink selling on ebay... IMO this will cost them considerable $ s.
|
|
|
|
bitllionaire
Legendary
Offline
Activity: 1120
Merit: 1000
|
|
October 24, 2014, 12:16:47 AM |
|
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
|
|
|
|
|