Topic: . (Read 324 times)
"Coinbase does not currently offer a deposit via PayPal. Basically you can say that no serious provider offers the payment via PayPal. For Coinbase, this simply does not make sense to offer the deposit via PayPal, as it is very easy to reverse a PayPal transaction". - Crossbot
Just this week I purchased $780 worth of Bitcoin during the big price dip, and when the transaction cleared it went through for $801, being the biggest jump yet.
Anyone have any clue what could be going on here?
I've talked to PayPal and this is not any kind of overdraft fee and they said that whatever is happening is on the side of the company I am buying from.
Anyone have any clue what could be going on here?
I've talked to PayPal and this is not any kind of overdraft fee and they said that whatever is happening is on the side of the company I am buying from.
I've always just done ACH transfer to my Coinbase wallet (which is free), then bought from there, so I can't speak from experience. When you purchased $780 worth of Bitcoin, did that include the fees? Was the purchase page explicit about when the fees would be charged?
First of all, yes I am buying bitcoin with my PayPal Debit Card, and have been for over a year now. And no, I have never been charged an overdraft fee from PayPal, my account is just locked from making purchases until I deposit enough to cover the fee. This is because my PayPal card is set up to not have a backup funding source to prevent someone from stealing it and getting into my bank account.
Absolutely nothing I said was a lie or exaggeration. I am just asking to figure out why this is happening.
Absolutely nothing I said was a lie or exaggeration. I am just asking to figure out why this is happening.
I think people were just jumping on your case prematurely since Coinbase doesn't offer Paypal for direct purchasing. The OP did sort of make it sounds like you were using a Paypal account (not a debit card) to buy coins. By the way, doesn't using a card cost double the fees? Why do it that way?
I'm confused.
You're saying that you're buying Bitcoins using PayPal through Coinbase, yet Coinbase only allows selling Bitcoin for Paypal.
How exactly are you buying Bitcoin w/ PayPal?
You're saying that you're buying Bitcoins using PayPal through Coinbase, yet Coinbase only allows selling Bitcoin for Paypal.
How exactly are you buying Bitcoin w/ PayPal?
Ha ha good catch there. I have a feeling he is telling this story as a way to somehow indirectly let everyone here know that he is buying bitcoin and paying with PayPal so the Coinbase tale was meant to garner sympathy from anyone naive enough to believe it while also making sure any fees won’t be high enough to make his PayPal “go on overdraft” (another absurd claim, since we all know PayPal tolerates no such thing). They decline insufficient-funds transactions.
What people will say and do to get those bitcoins. Sigh
Jump to: