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iluvpie60
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October 28, 2014, 03:36:55 PM |
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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. Just so you know, I have had 3 separate people try to burn me when I was selling peercoin and feathercoins a year back. They filed a dispute and luckily ebay took my blockchain proof and let me keep my money. But initially for the first 30 days of this ebay took my money and held it hostage. Thank goodness for me keeping all email correspondence between the person and I. The emails showed they asked me to send to "X" address and I told them I would send it from my "Y" address and asked them if that was ok. Once I got them to say yes it is ok and I asked them again to verify their address only then did I send after I was paid. Then 40 days later charge backs hit for these people(within the same week). So I was out 900+ bucks across 3 disputes for a 30 day period. This is not fun at all, especially since I was pretty sure I was going to get screwed. Blockchain for feathercoin and peercoin was the only thing that saved me and luckily i made them confirm multiple times for undeniable proof. Extending it out by half a year gives these scammers more of an opportunity to scam you because now you gotta dig through everything and ebay takes your funds back and blah... My dad also gets the occasional scam by people using the "buyers protection" and he has like 500 feedback @ 99.5% positive and the only negative two were from some guy who thought he bought something new but it said used and he was an idiot. My dad has gotten scammed by people saying they didn't get shipments of items and stuff and it seriously is a joke. people hack other people's accounts and screw around. |
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master-P
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October 28, 2014, 04:18:47 PM |
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Buyer protection? More like scammer protection.
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MF Doom
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October 28, 2014, 05:08:23 PM |
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Buyer protection? More like scammer protection.
If you read through their "policies" its easy to scam if you carefully work around them. Its happened to me before and was NOT fun. They definitely need to work on their case review process and use some common sense sometimes. |
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robbyd86
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October 28, 2014, 06:04:30 PM |
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Paypal is the worst, I hope 5 yrs from now everyone is using btc as much as they are using paypal now.
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promojo
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October 28, 2014, 06:29:59 PM |
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Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.
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RappelzReborn (OP)
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October 28, 2014, 06:43:18 PM |
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Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.
Why not ? you can simply use Escrow in Bitcoin. in Paypal even using Middleman won't help lol ... it's 180 freaking days man, It may protect the buyer very well but the seller is screwed up totally  |
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promojo
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October 28, 2014, 06:53:28 PM |
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Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.
Why not ? you can simply use Escrow in Bitcoin. in Paypal even using Middleman won't help lol ... it's 180 freaking days man, It may protect the buyer very well but the seller is screwed up totally True.... What escrow services are available to the average joe with ease of use right now? |
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MF Doom
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October 28, 2014, 06:54:01 PM |
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Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.
Why not ? you can simply use Escrow in Bitcoin. in Paypal even using Middleman won't help lol ... it's 180 freaking days man, It may protect the buyer very well but the seller is screwed up totally What are some transparent, reputable escrow companies? I know there are "trusted" individuals on here, but really how does that translate to mass usability? |
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RappelzReborn (OP)
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October 28, 2014, 07:08:30 PM |
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Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.
Why not ? you can simply use Escrow in Bitcoin. in Paypal even using Middleman won't help lol ... it's 180 freaking days man, It may protect the buyer very well but the seller is screwed up totally What are some transparent, reputable escrow companies? I know there are "trusted" individuals on here, but really how does that translate to mass usability? I don't know any (but maybe they will be) , I'am speaking about trustable members . Still... Bitcoin is a couple of minuts transaction . once you send the money it's done, no 180 days for being/becoming ultimate paranoid . you don't sleep afraid at night  and that's just my opinion |
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2double0
Legendary
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Activity: 2618
Merit: 1105
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October 28, 2014, 07:34:04 PM |
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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 occasionally sell on ebay and this pisses me off. ESP. if I am selling intangible good such as giftcodes. That means I will have 180 days to panic about losing my income from intangible sold goods. |
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promojo
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October 28, 2014, 07:46:38 PM |
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I do understand the concerns from a seller perspective. They are there to make money and sell product. Not take something back up to 180 days later. I dunno... Maybe they are trying to get an edge for the consumer instead of the seller here.
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MF Doom
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October 28, 2014, 07:49:25 PM |
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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 occasionally sell on ebay and this pisses me off. ESP. if I am selling intangible good such as giftcodes. That means I will have 180 days to panic about losing my income from intangible sold goods. The thing that sucks about ebay and paypal is they dont investigate claims very well. They look to their policies, and whoever is "right" accordign to their policies wins. They don't actually investigate and make logical decisions. |
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mullerdan
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October 30, 2014, 12:31:28 PM |
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Paypal is a joke !
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sgk
Legendary
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Activity: 1470
Merit: 1002
!! HODL !!
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October 30, 2014, 12:36:30 PM |
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I thought 45 days period was longer than necessary. Now it stretched to 180 days?
So let me understand this:
I can buy whatever I want, use it for 5 months and can return it to get my money back?
Right... now it makes sense to buy through PayPal, but NOT SELL.
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jackbox
Legendary
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Activity: 1246
Merit: 1024
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October 30, 2014, 03:44:43 PM |
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They are doing it because of pressure from Visa and Mastercard. The standard time for filing a chargeback on a credit card account is 180 days from the date of the statement the charge appeared on. Since PayPal accepts credit cards, and is one of the largest credit card processors in the world they had to come in line with standard industry chargeback standards.
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ANTIcentralized
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October 31, 2014, 06:01:59 AM |
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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 occasionally sell on ebay and this pisses me off. ESP. if I am selling intangible good such as giftcodes. That means I will have 180 days to panic about losing my income from intangible sold goods. The thing that sucks about ebay and paypal is they dont investigate claims very well. They look to their policies, and whoever is "right" accordign to their policies wins. They don't actually investigate and make logical decisions. Well their policies are known to both the buyer and the seller ahead of time, so they can take a set of facts and reasonably conclude which party will be sided with. Also this way takes away the judgment of low level employees. If you take away these policies then you have the potential for employees making an incorrect conclusion or two different employees making two different conclusions based on the same facts - this would increase the number of scams because it would increase the chance a scammer would succeed |
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rrock
Newbie
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Activity: 25
Merit: 0
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October 31, 2014, 06:10:34 AM |
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paypal is not perfect enough, but so does BTC exchange.
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RappelzReborn (OP)
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November 01, 2014, 12:15:27 PM |
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paypal is not perfect enough, but so does BTC exchange.
How is that ? for BTC . You should simply use a trusted Escrow and you are fine  |
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moko666
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November 01, 2014, 07:08:54 PM |
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bitcoin is a winner and will forever against paypal
paypal just want to freeze accounts and take their fund
this is how their business growing
bitcoin is best
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