Apparently PayPal can no longer be used to buy/sell Bitcoin mining hardware - page 2.

CasinoBit

sr. member

Activity: 364

Merit: 250

Quote from: bitcoincraps on May 12, 2013, 08:03:52 PM

Pay Pal are nothing better than thieves. They will randomly lock accounts. Supposedly "refund" money that has been in your account for months.

They will not communicate. You can only write within your account, you receive automated emails back that do not relate to what you have written.

If you phone, you get blatant lies told to you. Each call is finished by them telling you they will sort the problem if you get off the phone and that they will email you the resolve within an hour.

The email will come and it tells you exactly what you already know. Your account is FOREVER locked !

THIS IS WHY YOU COULD BUY 1 BITCOIN FOR $10 6 MONTHS AGO AND TODAY YOU NEED $120 TO GET ONE SINGLE COIN.

Wake up. It's YOUR MONEY !!!!!

The funny thing is that if you email them in advance and ask if this is allowed they will tell you that it is allowed, as well as operating a Bitcoin exchange, selling Bitcoin hardware and so on, but if you actually do it they will freeze your account forever.

ruggedman_dan

legendary

Activity: 1012

Merit: 1000

We on P. Sherman 42 Wallaby Way, Sydney

Quote from: bitcoincraps on May 12, 2013, 08:03:52 PM

Pay Pal are nothing better than thieves. They will randomly lock accounts. Supposedly "refund" money that has been in your account for months.

They will not communicate. You can only write within your account, you receive automated emails back that do not relate to what you have written.

If you phone, you get blatant lies told to you. Each call is finished by them telling you they will sort the problem if you get off the phone and that they will email you the resolve within an hour.

The email will come and it tells you exactly what you already know. Your account is FOREVER locked !

THIS IS WHY YOU COULD BUY 1 BITCOIN FOR $10 6 MONTHS AGO AND TODAY YOU NEED $120 TO GET ONE SINGLE COIN.

Wake up. It's YOUR MONEY !!!!!

Bingo. Great post couldn't agree more.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: aes1 on May 12, 2013, 12:14:45 AM

Quote

To continue using your PayPal account, we need some additional information
from you. Keep in mind that we have placed a limitation on your PayPal
account, and this limitation will remain until we receive and review this
information. Please provide us with the following:

• A brief affidavit stating that you understand and will comply with
PayPal's terms and conditions.
• The type of payments you will send and receive, including the type of
goods or services you will accept payments for in the future.

Below you will find suggested affidavit language. Please make sure that the
requested affidavit is signed and notarized.

I the undersigned do affirm that I understand and will comply with PayPal's
policy regarding the use of PayPal Accounts to sell e-currency, such as
bitcoins, bitcoin mining units, and other related bitcoin products. I
understand that PayPal may not be used to sell e-currency, such as
bitcoins, bitcoin mining units, and other related bitcoin products. I
further affirm that any further detected violation of the policy may result
in the immediate closure of, or restriction to access to the account.

I have to admire the preposterous way they make you jump through hoops just to re-enable access to your money. The classic "Write 100 times on the blackboard" punishment.

Quote

We look forward to hearing from you and thank you for choosing PayPal as
your business partner.

And this completes the shit sandwich.

Truly, this organization needs to die in a fire.

I'm glad we can all contribute to that end.

I agree. It will be fantastic to see Bitcoin put a flamethrower on this sea-monster which spouts doublespeak like that in George Orwell's 1984.

Welsh

staff

Activity: 3304

Merit: 4115

Wrong im my opinion.

They see competition and without welcoming it, they try to shut it down.
Yet, paypal is pretty much a monopoly company, also illegal.

bitcoincraps

member

Activity: 98

Merit: 10

Pay Pal are nothing better than thieves. They will randomly lock accounts. Supposedly "refund" money that has been in your account for months.

They will not communicate. You can only write within your account, you receive automated emails back that do not relate to what you have written.

If you phone, you get blatant lies told to you. Each call is finished by them telling you they will sort the problem if you get off the phone and that they will email you the resolve within an hour.

The email will come and it tells you exactly what you already know. Your account is FOREVER locked !

THIS IS WHY YOU COULD BUY 1 BITCOIN FOR $10 6 MONTHS AGO AND TODAY YOU NEED $120 TO GET ONE SINGLE COIN.

Wake up. It's YOUR MONEY !!!!!

jdebunt

legendary

Activity: 1596

Merit: 1010

paypal has always been a pain the ass for selling or buying anything, they just flag accounts randomly or whenever they feel they aren't making enough money off the fees if you ask me

yolo2222

full member

Activity: 168

Merit: 100

PayPal sucks so much, and will pass on the ball in the near future Grin

lexico

newbie

Activity: 32

Merit: 0

if Bitcoin becomes a success, then Paypall might loose a lot of transactions.

This is their way of stopping anything about bitcoin.
Paypall got a lot of negative news also because of their 2% stealing, as often mentioned in articles about bitcoin.

“First they ignore you, then they ridicule you, then they fight you, and then you win.”

aes1

member

Activity: 66

Merit: 10

Quote

To continue using your PayPal account, we need some additional information
from you. Keep in mind that we have placed a limitation on your PayPal
account, and this limitation will remain until we receive and review this
information. Please provide us with the following:

• A brief affidavit stating that you understand and will comply with
PayPal's terms and conditions.
• The type of payments you will send and receive, including the type of
goods or services you will accept payments for in the future.

Below you will find suggested affidavit language. Please make sure that the
requested affidavit is signed and notarized.

I the undersigned do affirm that I understand and will comply with PayPal's
policy regarding the use of PayPal Accounts to sell e-currency, such as
bitcoins, bitcoin mining units, and other related bitcoin products. I
understand that PayPal may not be used to sell e-currency, such as
bitcoins, bitcoin mining units, and other related bitcoin products. I
further affirm that any further detected violation of the policy may result
in the immediate closure of, or restriction to access to the account.

I have to admire the preposterous way they make you jump through hoops just to re-enable access to your money. The classic "Write 100 times on the blackboard" punishment.

Quote

We look forward to hearing from you and thank you for choosing PayPal as
your business partner.

And this completes the shit sandwich.

Truly, this organization needs to die in a fire.

I'm glad we can all contribute to that end.

mitty

sr. member

Activity: 359

Merit: 250

Quote from: giantdragon on May 11, 2013, 10:25:38 PM

Try to tell them you are selling not Bitcoin mining rig but a SHA-256 hashing device. Formally, this does not breaks their rules! Grin

I tried to explain that a regular computer could be a "bitcoin mining unit" to the guy I talked to today (after 30+ minutes of being on hold) but he told me I'd have to take it up with their compliance department, which conveniently doesn't take calls, only emails that they take 24-48 hours to respond to.

The PayPal rep I talked to yesterday when I was trying to get my account unlocked said that they consider Bitcoin to be "monopoly money" but then she actually lightened up and became friendly when I told her I was simply reselling hardware I had previously purchased using PayPal. She also said that they've been getting a lot of Bitcoin-related calls lately which probably explains why they don't like it.

If only Bitmit had the buyer volume of eBay... eBay/PayPal can get away with their scams/ridiculous fees simply because they have so many users.

giantdragon

legendary

Activity: 1582

Merit: 1002

Try to tell them you are selling not Bitcoin mining rig but a SHA-256 hashing device. Formally, this does not breaks their rules! Grin

🏰 TradeFortress 🏰

vip

Activity: 1316

Merit: 1043

👻

So I can't sell my computer or android phone on ebay? It mines bitcoins!

SlyFoxy12

member

Activity: 111

Merit: 10

Quote from: ruggedman_dan on May 11, 2013, 06:07:17 PM

Can we please stop using PayPal?

I just hate reading stories of people getting their funds locked up. And when did they add that caveat to their TOS about mining hardware? I read their TOS a few months back and it said nothing of the sort.

Anyway lets move away from PayPal and their bs. We have perfectly good alternatives like BTC, LTC and different e-currencies.

We would be a) ebay is to good a source for everything as a reselling platform and paypal works for that as it's the same company, they don't care about alternatives

b) it is one of the easier shopping cart methods, most other systems didn't have backing and just weren't simple enough to set up maybe bitcoin will change this eventually, but getting coins is still hard at times.

ruggedman_dan

legendary

Activity: 1012

Merit: 1000

We on P. Sherman 42 Wallaby Way, Sydney

Can we please stop using PayPal?

I just hate reading stories of people getting their funds locked up. And when did they add that caveat to their TOS about mining hardware? I read their TOS a few months back and it said nothing of the sort.

Anyway lets move away from PayPal and their bs. We have perfectly good alternatives like BTC, LTC and different e-currencies.

bcpokey

hero member

Activity: 602

Merit: 500

Quote from: 01BTC10 on May 11, 2013, 05:26:43 PM

Also forgot to add that PayPal screwed me on US to CAN conversion.

Yeah they'll do that.

I guess I can partly see Paypal's side from the pre-order nonsense, but if you're selling a physical existing object, which for all intents and purposes is just a computer, I'm not sure how you can deem that specific item (which is legal) as against TOS.

01BTC10

vip

Activity: 756

Merit: 503

Also forgot to add that PayPal screwed me on US to CAN conversion.

bitcl1234oinfever

newbie

Activity: 42

Merit: 0

Quote from: 01BTC10 on May 11, 2013, 05:22:54 PM

I've sold my BFL pre-order for $3000 + $199 shipping fees.

First PayPal charged me $125 fees for receiving payment then eBay charged me $255 selling fees. I will never sell anything on eBay again.

Here is a calculator that will help you determine all the fees. Usually, its 12-15% of your overall selling price that ebay & paypal gets.

http://www.newlifeauctions.com/calc.html

01BTC10

vip

Activity: 756

Merit: 503

I've sold my BFL pre-order for $3000 + $199 shipping.

First PayPal charged me $125 fees for receiving payment then eBay charged me $255 selling fees. It was my first and last time selling anything on eBay. Bitmit has much more reasonable fees.

bitcl1234oinfever

newbie

Activity: 42

Merit: 0

I see auctions going off left and right on ebay with 0 problems. I have watched some and not seen any kicked off. Weird, but I have seen physical coins and digital coins selling with zero issues.

Pre-order could be the issue.

CasinoBit

sr. member

Activity: 364

Merit: 250

And then you can see John Donahoe that fucking gazelle taunting the lion that is Bitcoin.

Topic: Apparently PayPal can no longer be used to buy/sell Bitcoin mining hardware - page 2. (Read 36944 times)