Beware of PayPal and other reversible transfer services - page 24.

deisik

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Quote from: Muhammed Zakir on April 29, 2015, 01:29:42 PM

Quote from: erikalui on April 29, 2015, 11:38:23 AM

Why is Bank Transfer not safe? It cannot be reversed as once the money is sent to the bank, it cannot be chargedback.

Chargeback is applicable to anything credit/debit card funded and bank transfer. In simple, chargeback is applicable to almost all fiat transactions.

https://www.google.com/search?q=chargeback+bank+transfer

It is so, but this doesn't in the least guarantee that you will succeed with the chargeback. The only time I requested it, I had to provide all the info to my bank regarding the purchase I wanted to cancel, that is confirmation that the seller hadn't fulfilled his obligations (the reason for chargeback)...

And yes, I got my money back in the end

bitcoin1992

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I wish it was easier to buy btc with paypal. Scammers ruined it

SuperBoy4141

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I think if you can pay the high fees of virwox then it's the only way to convert
PayPal us$ to BTC
And for selling BTC there are many exchange's available
To converter from BTC to PayPal

Thank you

xetsr

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Quote from: erikalui on April 29, 2015, 11:38:23 AM

Why is Bank Transfer not safe? It cannot be reversed as once the money is sent to the bank, it cannot be chargedback.

Bank to bank transfers and wires are two different things. Might want to quick up on that... Wires are more secure compared to bank to bank or ACH / EFT transfers which can be easily sent from hacked accounts.

Muhammed Zakir

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Quote from: erikalui on April 29, 2015, 11:38:23 AM

Why is Bank Transfer not safe? It cannot be reversed as once the money is sent to the bank, it cannot be chargedback.

Chargeback is applicable to anything credit/debit card funded and bank transfer. In simple, chargeback is applicable to almost all fiat transactions.

https://www.google.com/search?q=chargeback+bank+transfer

erikalui

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Why is Bank Transfer not safe? It cannot be reversed as once the money is sent to the bank, it cannot be chargedback.

Muhammed Zakir

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Quote from: juankburke on April 24, 2015, 02:33:18 PM

is there any website trustworthy enough to sell bitcoin through paypal ? i wonder

Trade with people with high positive feedback through LocalBitcoins.com or trade with a trusted member of this forum. See https://bitcointalk.org/index.php?board=53.0.

juankburke

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is there any website trustworthy enough to sell bitcoin through paypal ? i wonder

xetsr

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Quote from: ?? on ??

Quote from: virtualfaqs on June 29, 2011, 06:02:17 PM

I'm offering a service to help educate users on how to accept PayPal for BTC. Details are in the link.

http://forum.bitcoin.org/index.php?topic=22255.0

It was very thorough, I have had always many doubts about how to use it,

Thank you very much!

Such spam

The link (http://virtualfaqs.com/forum/paypal/574-paypal-virtual-faq.html - mentioned in thread referenced by spammer above) doesn't even work and has probably been dead for awhile now since it's from 2011.

litedoge

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wow much coin such love

Quote from: theymos on June 10, 2011, 12:47:35 PM

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)

This is true - I now use https://localbitcoins.com/buy_bitcoins - I have had no problems so far - very good service.

ExchangeC2C

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https://www.exchangec2c.com

Some other E-Currency will be also reversible if anyone reports scam to the E-Currency company.

TheButterZone

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RIP Mommy

Quote from: gringo1990 on March 23, 2015, 06:26:24 PM

are net spend reload pack's paid with cash reversible?

If you can convince the right employee or government judge that your electronic numbers were lost or stolen, yes.

Same answer for every single electronic number payment/storage method on earth where you do not have sole possession of the private keys.

/endthread

gringo1990

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are net spend reload pack's paid with cash reversible?

Shane Oakley

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and do not share your e-mail address listed in paypal account, it is very dangerous

deisik

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Quote from: Muhammed Zakir on February 25, 2015, 05:04:59 AM

Like others(incl. me) said, "anything Credit Card funded is reversible".

-MZ

And anything paid by debit card too. Once upon a time I successfully made a charge-back from an Internet shop which refused to reimburse my order when the local post service had lost my parcel. At first I tried to contact them personally (a few times actually), but since they had been just kicking the can down the road, I asked my bank to deal with them on my behalf...

wildape

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This is very important warning, you all should be careful

Muhammed Zakir

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Quote from: djibrilantiuang on March 12, 2015, 12:21:25 AM

so no site recommended for exchange paypal balance tobitcoin?

You can trade in this section but it will be hard for you to sell PP though it will be easy to sell PP.

djibrilantiuang

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so no site recommended for exchange paypal balance tobitcoin?

Muhammed Zakir

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Quote from: Bavaria on March 05, 2015, 02:59:26 PM

Is Dwolla reversible?

Learn to search, friend! A simple search is enough to find your answers. People claim "it is worse than PayPal". See https://www.google.com/search?q=dwolla+reversible&hl=en&source=lnms&tbm=isch&sa=X&ei=LIj5VNeBD8O1uQSX2YGADw&ved=0CAgQ_AUoAg

-MZ

Bavaria

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Is Dwolla reversible?

Topic: Beware of PayPal and other reversible transfer services - page 24. (Read 936154 times)