Paypal screw up again [Bitcoin wins]

[Ruthful]

How is this even be considered as a screw up???.This sound more detrimental to bitcoin.


They are making Paypal even more attractive to regular consumers AKA the general public.

It doesn't matter how many sellers want bitcoin, if buyers prefer to use more convenient payment methods that offers more protection to them then there's not much reason for them to switch to bitcoin ,is there?

[ruggedman_dan]

"Professional buyers" have been around ever since PayPal made it clear that they will protect buyers almost all of the time. The scammers have moved on from selling and never shipping to buying Macbooks, filing disputes, returning phonebooks in their place and getting fully refunded.

I hate PayPal but I cannot knock their business model. Pander to the buyers and the sellers will follow. As a seller, you almost get muscled into using PayPal because that's what your buyers demand.

[fryarminer]

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.

I have lost over $3000 to "Buyer protection" and no, they did not give back the bitcoins that I sold them. And yes, PayPal sided with the buyer.
"We are sorry sir, we do not want to see your proof from the blockchain. We have no interest at all in your proof. We side with the buyer."

[Ruthful]

I have lost over $3000 to "Buyer protection" and no, they did not give back the bitcoins that I sold them. And yes, PayPal sided with the buyer.
"We are sorry sir, we do not want to see your proof from the blockchain. We have no interest at all in your proof. We side with the buyer."

Have you ever consider how many buyers you would have lost if they don't have buyers protection at all?

[ytr8]

in my country ,the time to ldge your dispute is only  7 days..

You are all happy as consumers

[Q7]

I'm not against nor am i going support the change but if we consider carefully, certain items like for instance electrical appliances have warranty period that extends up to 6 months.

[RageAgainst]

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*

https://www.paypalobjects.com/webstatic/MarketingOperations/APAC/en_AU/imgAU_APAC_201410_APAC00987_PayPal_Buyer_Protection_Banner_695x60.jpg

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.

true ref..there's no win n lose here..! although one can help the other! hopefully

[btcxyzzz]

Paypal will loose merchants because of this because chargebacks are going on merchant's expense. They are so stupid.

[hasherr]

This is huge win for scammers. Buyer protection is nice feature, but really - isnt 45 days enough to fail a dispute? Its such a long time. Buyers can easly analyse sellers, read reviews, reps and so on. Seller cant do things like that. Obviously, honest sellers are paying the price of customers being stupid and involving themselves in scams.

[Ruthful]

Paypal will loose merchants because of this because chargebacks are going on merchant's expense. They are so stupid.

And those same merchants will be coming back to Paypal when their customers demand them more buyer's protection, lest the want to lose business to competitors that still use Paypal.

[Sutters Mill]

Paypal will loose merchants because of this because chargebacks are going on merchant's expense. They are so stupid.

Well if this is the case merchants should refuse to accept Paypal, but they probably wont. Isn't this 180 day limit similar to the timeframe you get with creditcards? I think if people are going to pull of a charegback scam they would do it within a month as opposed to waiting 100+ days anyway.

[hasherr]

opposed to waiting 100+ days anyway.

This may be true in most cases, but there are digital good selling sites where buyers REP means a lot. Such a long time to fill dispute means it is possible for a scammer not taint his REP for 6 months, scamming lots of sellers in that period. When -REPs will come it, scammer will be already long gone and started another account.

[raveldoni]

They just made it worse while we were complaining about 45 days chargeback system. It's now 180 days that means a seller is vulnerable to chargebacks anytime over 6 months.

[RappelzReborn]

Paypal will loose merchants because of this because chargebacks are going on merchant's expense. They are so stupid.

Exactly , they may just stick with big companies like Ebay , Amazon , Aliexpress , Alibaba etc.
This may be protecting the buyer ... but the seller is in deep shit  

[Ruthful]

Exactly , they may just stick with big companies like Ebay , Amazon , Aliexpress , Alibaba etc.
This may be protecting the buyer ... but the seller is in deep shit  

It doubtful that any merchant would drop Paypal for this.They'll be losing consumer's support if they do so, really bad for business.This is pretty much a  win win for Paypal which is why this move is pretty clever/shrewd manoeuvring by Paypal.

[jennifer21]

I really dont want to be fuckd up by paypal. I really depend on it right now..

[KIRAZ]

I really dont want to be fuckd up by paypal. I really depend on it right now..

Then just tell sender or whoever they are to start sending in bitcoins lol
I use paypal too but never dependent on it.

[ssjgoku4]

this is really insane now scammer can scam for a long period of time .

[Lethn]

If you think that's bad, try looking at online marketplaces, I think I have no choice but to put some of my stuff on there at least because that's where everyone is right now.

[Elwar]

Each transaction now takes 180 days to clear.