Topic: Beware of PayPal and other reversible transfer services - page 22. (Read 924822 times)

Escrow list : https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778 (Dont use Master-P , he will get removed soon anyway).
Paypal is probably the easiest payment method that can get reversed so yeah , it doesn't really matter if it's sent as gift or not .

Where can you find an escrow?

If you use an escrow and are selling paysafe/bitcoin for paypal balance, can the buyer still reverse the transaction?

I'm new as well, but have an advantage in that I've got 50 yrs in IT and 20 years in finance/banking, although now I'm retired on a partial disability. Anyway...I found only today that PayPal is still aggressively blocking anything having to do with BTC, or any cryptocurrency, in any transaction. This advice came from CEX, and then PayPal, when I tried to link my exchange account to a PayPal debit card. I had not done my own due diligence by checking on the PayPal rep before trying it. I have used them for years, and will continue to...but obviously not for this.

It would appear at this point that my partner and I will have to open a joint bank account for the specific purpose of operating our small mining farm, and then link that account's debit card to the exchange for deposits. We'll have the opportunity to query the local bank managers (whom all know us, fortunately) so we don't waste time on a bank that has their head back in the 20th century...

Bottom line...I'm registered with CEX.IO (that's the website) and, so far, have been OK with their professionalism, thorough security protocols, etc. Their rates for selling BTC are comparable, and actually better than most. Just a few minutes ago they were paying $87 for 0.20 BTC (about 2.5% commission). If the bank allows the direct deposit to either the account or the debit card, there should not be any further charges unless the bank chooses to apply an "international transaction" charge (very minimal).

Dunno if that helps...this forum has helped me a great deal.

Hi there I'm new to Bitcoin I was just wondering if you coul point me in the cheapest easiest way to sell Bitcoin and withdraw the money to a bank account.
Or is there a cash service anywhere?
Thanks if you can help.

other ecurrency,like pm,okpay

So what is a safe method to do transfers?

paypal indeed has been of great help to a lot of people doing transactions online. personally I use it like everyday but with information like this then I wonder what I should do to avoid losses in the future or what other method of sending money should I embrace without these risks. thanks for the post

This is what is keeping the price of BTC down. If it was easy to just flow $$ into BTC it would be sky high.

Way longer than 30.

I agree about PayPal,they can charge back you within 30 days,be careful about them.

Doesn't matter, it's up to PayPal, the credit card company, the bank/credit unions, and if all else fails, court orders. A court cannot order the entire planet's full blockchain crypto nodes to reverse a transaction, so crypto is the only payment method that has no possibility of chargebacks.

Can I know if someone is sending me money via my paypal balance vs. a credit card?  Can they still chargeback an amount if it is from their paypal balance?

Withdraw the PayPal into your bank, and then do a bank transfer for bitcoins. It doesn't take too long and it's a good alternative to Virwox fees.


You were either lucky or you were the person with the PayPal converting into whatever, then.

Thanks for this information but I am using paypal for a long time and I have a great experience with paypal for converting my money from dollars into INR.

I'm a newbie, What are my options? Virwox has too many fees.

https://www.youtube.com/watch?v=lB-wRxSNU7o

so i wont use pay pal too

appreciate everyone's advice...thank u

The catch is your PayPal account will be frozen after you try to withdraw.

I would stay away from those high discount PPMC cards.

It's seems too good to be true honestly , I'd suggest and recommend to watch out . It could be carded and may get revoked or something .
alot of people already got scammed in Cryptothrift before so don't think he can't scam you (Social engeeniring )