Be prepared for a deluge of replies from brand new accounts insisting that you send them PayPal first. Once you do though, you'll never hear from them again.
How do people on paypal even scam? When someone gets scammed on paypal they reverse the charge? People say they withdraw the funds and all but how can they do that so quickly? I never understood the whole PayPal scam and how it actually works for anyone.
1. Individual contacts seller for bitcoin.
2. Individual sends stolen PayPal funds.
3. Seller sends bitcoin.
4. Individual laughs and gets moral boost that he successfully used stolen funds to get bitcoin.
5. Seller is hit with a chargeback within 48 hours.
This one I know about, I've been through this scam myself having been the seller for $100 before. What i don't understand is when newbies claim to be selling bitcoin and they have the other person send PayPal first then disappear. No Bitcoin ever actually exchanged.
Oh, that way is just as annoying as the other way.
1. Seller says he has bitcoin but really doesn't.
2. Seller has a deal lined up for himself with someone who will accept PayPal and give bitcoin/product.
3. Buyer sends seller the PayPal first (thinking who cares, "I can chargeback").
4. Seller confirms with the person he is buying bitcoin from that they got the payment.
5. The seller receives his bitcoin.
6. The buyer who sent the PayPal funds gets duped.
I thought about this awhile back and wouldn't depositing the money to a pool of users that ultimately is gambled away be easier? Like I was on DraftDay and read a story that said a users winnings were removed cause the opposite account charged back or something like that. Wonder if any scammer has successfully bought something on amazon or something with scammed Paypal funds and put the account in negative after chargeback.
