Topic: Beware of PayPal and other reversible transfer services - page 28. (Read 953585 times)
You are so boring with this paypal, if you see a company who can offer paypal (which is reversible ) and ONE other method ( which is not reversible ) you don't have to worry about using paypal. I guess its clear now
Be careful and accept paypal only with an escrow and sent as a gift or family.
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 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)
Yeah, online transfer service is not 100% safe, and that's why we need to protect our own privacy!
paypal best payment 
Got scammed by member clubminer. Wanted to buy with neteller. Beware trading with him!
https://bitcointalksearch.org/topic/m.8645387
Regards adriano1212
https://bitcointalksearch.org/topic/m.8645387
Regards adriano1212
What about west union?
How are MoneyPaks unsafe? If they buy with cash and I fund my green dot re loadable visa with it, can it be reversed?
Yes. It has been done between BCB and danieldaniel.
Thoughts on MoneyGram?
MoneyGram is like PayPal too. It is reversible and thus always protect senders. See http://ecrimeexpertblog.wordpress.com/2011/09/30/exposing-how-scammers-use-western-union-and-moneygram-for-fraud/ for detailed explanation.
Kindly,
MZ
Moneygram is not like paypal. How are you going to reverse the transaction after the cash has been picked up?
How are MoneyPaks unsafe? If they buy with cash and I fund my green dot re loadable visa with it, can it be reversed?
Yes. It has been done between BCB and danieldaniel.
Thoughts on MoneyGram?
MoneyGram is like PayPal too. It is reversible and thus always protect senders. See http://ecrimeexpertblog.wordpress.com/2011/09/30/exposing-how-scammers-use-western-union-and-moneygram-for-fraud/ for detailed explanation.
Kindly,
MZ
Moneygram is not like paypal. How are you going to reverse the transaction after the cash has been picked up?
hero member
Activity: 560
Merit: 509
I prefer Zakir over Muhammed when mentioning me!
How are MoneyPaks unsafe? If they buy with cash and I fund my green dot re loadable visa with it, can it be reversed?
Yes. It has been done between BCB and danieldaniel.
Thoughts on MoneyGram?
MoneyGram is like PayPal too. It is reversible and thus always protect senders. See http://ecrimeexpertblog.wordpress.com/2011/09/30/exposing-how-scammers-use-western-union-and-moneygram-for-fraud/ for detailed explanation.
Kindly,
MZ
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
Check this link to get a better overview of paypal it's worth it believe me.
How are MoneyPaks unsafe? If they buy with cash and I fund my green dot re loadable visa with it, can it be reversed?
Yes. It has been done between BCB and danieldaniel.
Thoughts on MoneyGram?
How are MoneyPaks unsafe? If they buy with cash and I fund my green dot re loadable visa with it, can it be reversed?
Yes. It has been done between BCB and danieldaniel.
How are MoneyPaks unsafe? If they buy with cash and I fund my green dot re loadable visa with it, can it be reversed?
paypal always defend the sender of money. 
This is true although I've also lost when I was clearly in the right.
I have used paypal to pay for BTC a few times but it is very risky for the BTC seller.
paypal always defend the sender of money.
Quick question. I have a buyer interested in purchasing some BTC for paypal. He is willing to do the whole ID thing but just wondering...if he where to enter in the comments section of his paypal payment that the transaction is irreversible would this protect me against a potential chargeback down the road?
Absolutely not, because he can claim his account was "hacked" and the "hacker" included that message.
Gift payments can be reversed. Leaving a comment won't help at all... they can always claim identity was stolen and paypal account was hacked.
Quick question. I have a buyer interested in purchasing some BTC for paypal. He is willing to do the whole ID thing but just wondering...if he where to enter in the comments section of his paypal payment that the transaction is irreversible would this protect me against a potential chargeback down the road?
Absolutely not, because he can claim his account was "hacked" and the "hacker" included that message.
Gift payments can be reversed. Leaving a comment won't help at all... they can always claim identity was stolen and paypal account was hacked.
Quick question. I have a buyer interested in purchasing some BTC for paypal. He is willing to do the whole ID thing but just wondering...if he where to enter in the comments section of his paypal payment that the transaction is irreversible would this protect me against a potential chargeback down the road?
Absolutely not, because he can claim his account was "hacked" and the "hacker" included that message.
Gift payments can be reversed. Leaving a comment won't help at all... they can always claim identity was stolen and paypal account was hacked.
Quick question. I have a buyer interested in purchasing some BTC for paypal. He is willing to do the whole ID thing but just wondering...if he where to enter in the comments section of his paypal payment that the transaction is irreversible would this protect me against a potential chargeback down the road?
Absolutely not, because he can claim his account was "hacked" and the "hacker" included that message.
Quick question. I have a buyer interested in purchasing some BTC for paypal. He is willing to do the whole ID thing but just wondering...if he where to enter in the comments section of his paypal payment that the transaction is irreversible would this protect me against a potential chargeback down the road?
Absolutely not, because he can claim his account was "hacked" and the "hacker" included that message.
Jump to: