can i use my paypal for buy btc.?
Topic: Beware of PayPal and other reversible transfer services - page 11. (Read 952971 times)
Thanks guys I’m learning more and I want to learn more,, I enjoy reading more infformation here:-)
Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.
This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.
Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)
Thanks, this post is really helpful to newbies like me This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.
Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)
I like PayPal services, but the fact that many countries don't allow it's services or are highly restrictive makes Bitcoin a better and more viable option.
`god i hate paypal tbh
This is very good news, thank you for the information. Now I know that it is not easy to use paypal and I have to be careful about it, do not be arbitrary also to believe against people we just know. I want to ask, is there any other solution if we do not use paypal and credit card is there any other action?
I believe that PayPal sent as a gift is a lot harder to chargeback otherwise you have other payment methods such as PerfectMoney (no chargeback possible), Neteller and Payoneer where It's a lot harder to do that but always ask how the accounts were funded because If they were funded using a credit card then It's like you've got paid with it and they could easily chargeback with the credit card company. I'd stick to cash or Bitcoin ATMs transactions and If I have to, trading PayPal with multiple people instead of one so even If they chargeback, losses will be less.
You can easily tell Paypal that the gift payment was unauthorised and they will investigate the issue. They will first check the IP address from where the payment was sent. So the scammer will probably use a VPN to change the IP and send the money and later open an unauthorised claim to get the payment back easily.
I found this once when I got scammed of $150. I sent the PayPal funds of $150 and in return never received the BTC I was promised. When I opened an unauthorised claim, it was denied and they didn't see anything wrong with my account.
Hence be very careful when dealing with Paypal. Deal with only trusted members on the forum. But there also you might go wrong since accounts are sold like cakes here.
Hope this helps!
fast but expensive buying with pay pal
yes i am aware of that Paypal services. is just that they didn't send my money in my banks worth $100.. i feel sad that time.. so i trust bitcoin right now way better than Paypal.
Thank you admin for providing such crucial information about PayPal and others. This is important for all but for beginners this is a lesson also.
This is very good news, thank you for the information. Now I know that it is not easy to use paypal and I have to be careful about it, do not be arbitrary also to believe against people we just know. I want to ask, is there any other solution if we do not use paypal and credit card is there any other action?
I believe that PayPal sent as a gift is a lot harder to chargeback otherwise you have other payment methods such as PerfectMoney (no chargeback possible), Neteller and Payoneer where It's a lot harder to do that but always ask how the accounts were funded because If they were funded using a credit card then It's like you've got paid with it and they could easily chargeback with the credit card company. I'd stick to cash or Bitcoin ATMs transactions and If I have to, trading PayPal with multiple people instead of one so even If they chargeback, losses will be less.
http://thebitcoinsun.com/post/2011/06/05/The-Paypal-Problem
For a more detailed explanation of why paypal is bad, read that
For a more detailed explanation of why paypal is bad, read that
-Thank you Garrett for these, a newbie like me learned a lot from these..
Thanks!
This is very good news, thank you for the information. Now I know that it is not easy to use paypal and I have to be careful about it, do not be arbitrary also to believe against people we just know. I want to ask, is there any other solution if we do not use paypal and credit card is there any other action?
great much information..
NOTED this thread ..
but trust only in people you are confident to pay with paypal...
reversible transaction is scary though if you have high amount of money to pay
as always be careful to transactions
NOTED this thread ..
but trust only in people you are confident to pay with paypal...
reversible transaction is scary though if you have high amount of money to pay
as always be careful to transactions
I think the reversible method that paypal was implementing is a feature...
one of my friend have that account was got stolen 143$
he filed up a case regarding to the money he loose and they find out that the last account used was in abroad and the man use the money to plane flight..
until now it is under Investigation and the paypal said that we can refund or reverse the transaction if my friend doesent know how it happened which is true...
so I think that is not bad feature
one of my friend have that account was got stolen 143$
he filed up a case regarding to the money he loose and they find out that the last account used was in abroad and the man use the money to plane flight..
until now it is under Investigation and the paypal said that we can refund or reverse the transaction if my friend doesent know how it happened which is true...
so I think that is not bad feature
Thanks for this tip 
I just do not know why i did not discover this forum for a long term . I kind of love the openess under which people operate in here. Hope to do a lots of deal with good people
Thanks for this tip
You might exchange your reversible payment for another like LR here: http://exchangezone.com/
why would you advertise scam site? it's been seized by US Department of Justice!
Why would you necro?
You might exchange your reversible payment for another like LR here: http://exchangezone.com/
why would you advertise scam site? it's been seized by US Department of Justice!
spending time on reading these comments. Very useful. Thanks for it.
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