So in my experience if something is too good to be true it tends to be the case.
Browsing the sell ads of local bitcoins and I come across this posting
https://localbitcoins.com/ad/154624/cash-out-your-bitcoins-paypal-mycash-just-say-go?Dude is willing to pay 349 a coin or about a 20%+ premium to spot price in exchange for my paypal cash code. So obviously the first thing that pops into my mind is scam, but dude has 500+ transactions with 100% feedback. Can someone tell me what I'm missing here?
That user probably has boat loads of Paypal MyCash Cards from some type of "en-devour". (Probably stole a box of the Paypal MyCash Cards from a Drugstore/711, or bought them on a large discount) That user most likely is probably just trying to convert those cards to a decent store of value. I would most likely just stay away from that trade, Paypal and Bitcoin typically don't mix too well together, in the past transactions on Paypal have been reversed by users. In those cases the Majority of the Bitcoin in these transactions were not sent back after Paypal was reversed. In this case, I think the user physically gives you the MyCash Cards so it might actually be pretty safe as long as the codes cant be copied before the trade, who knows if he wrote down the cards serial numbers or something. (Not sure how Paypal MyCash works, just from a google search)