E-coin and others offer cards working with Paypal, but is not agains Paypal Tos?

BitcSeo

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Quote from: crysper on July 16, 2016, 02:29:45 AM

I successfully managed to withdraw money from Paypal to Virtual ecoin Visa, but I hear from many places that Paypal block accounts that trade bitcoins.

How's Paypal allowing E-coin/Wirex and others link, confirm and withdraw when they don't allow bitcoins trade?

Is there any risk? Should I worry about my Paypal account getting blocked or they have a deal with Paypal? Or are they trying to milk people until Paypal blocks them?

@crysper, i know this is an old thread but, let me comment because it might be beneficial to other's.

Since, you are able to link & withdraw fund by using this ecoin virtual card why not just go ahead and enjoy the service instead of contacting support team.

Thks

TastyChillySauce00

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Quote from: mobnepal on July 21, 2016, 12:29:28 PM

I haven't tried withdrawing to bitcoin debit card i got from cryptopay.me from paypal as paypal don't have withdraw option for our country. But talking about spending with credit card i have attached that card with paypal and i can easily buy anything using bitcoin via that card from paypal. I have done several buys with it without any problem, paypal TOS i think still don't cover bitcoin debit cards. So there is no any actual policy regarding these debit cards.

i could say when you load your bitcoin debit card actually it's the same as you're exchanging your bitcoin to fiat,and it don't have any relation anymore with bitcoin,so it's not against paypal TOS,just like paypal allowing any kind of virtual credit cards

mobnepal

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I haven't tried withdrawing to bitcoin debit card i got from cryptopay.me from paypal as paypal don't have withdraw option for our country. But talking about spending with credit card i have attached that card with paypal and i can easily buy anything using bitcoin via that card from paypal. I have done several buys with it without any problem, paypal TOS i think still don't cover bitcoin debit cards. So there is no any actual policy regarding these debit cards.

VirtBull

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Quote from: n691309 on July 20, 2016, 12:27:34 PM

Quote from: VirtBull on July 20, 2016, 12:17:08 PM

Hello.
Are it is possible purchase Virtual ecoin Visa now? (in e-coin.io)
I try it but receive only virtual Mastercard.

To get the plastic one as far as i know you receive mastercard but for virtual ones wirex are offering visa, have you tried to signup through the mobile app or from website, also try to contact the support.

I purchased virtual card from website. Without any answer from support while.

n691309

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Quote from: VirtBull on July 20, 2016, 12:17:08 PM

Hello.
Are it is possible purchase Virtual ecoin Visa now? (in e-coin.io)
I try it but receive only virtual Mastercard.

To get the plastic one as far as i know you receive mastercard but for virtual ones wirex are offering visa, have you tried to signup through the mobile app or from website, also try to contact the support.

VirtBull

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Hello.
Are it is possible purchase Virtual ecoin Visa now? (in e-coin.io)
I try it but receive only virtual Mastercard.

TastyChillySauce00

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for your question in the main post, maybe shift card is not against paypal tos because it's provided by coinbase and coinbase already make a cooperation with paypal,unfortunately service only available for US

Quote from: crysper on July 16, 2016, 04:39:01 PM

But how about Paypal blocking virtual bank accounts and credit cards?

as far as i know they don't blocking virtual bank accounts or virtual credit cards but they just more strict to it when you make a big transaction they'll potentially reviewing everything and need you to provide something complicated such as govt ID and your data

crysper

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Thanks for answering.

But how about Paypal blocking virtual bank accounts and credit cards?

Do you have a deal with Paypal that allows your cards?
It's strange to me that when you ask their support they say they block all virtual debit cards and bank accounts but they still let those virtual cards from bit-coin services in. Like happened with Payoneer, Greendot, Entropay I guess I should expect that when these startups get bigger, their cards will be blocked as well?

Wirex

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We can answer this question for you. The reason you can withdraw PayPal to your Wirex virtual visa card and then purchase bitcoin is because you are not directly buying bitcoin. First you withdraw your PayPal money to your virtual Visa card. Once on your card you are able to spend it directly anywhere Visa is accepted, or with us simply 1 touch buy bitcoin.

Its your money and once our of the PayPal system you are free to use it as you like.

crysper

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Thanks for the article. It's a bit old, but I know that partnership with coinbase this June..however, they use it for funding Paypal accounts not withdrawing from Paypal.

There are 2 issues here:
1) Paypal blocked all major virtual bank accounts and credit cards
2) Paypal TOS about bitcoins

Wirex and Xapo cards(as far as I know) still work with Paypal, but Payoneer, Entropay, Greendot and others are not accepted by Paypal anymore(and they are way bigger than bitcoin startups)

A friend of mine called Paypal 2 months ago about Entropay being banned by Paypal and they say they block all virtual bank accounts and credit/debit cards.

I'm still not sure how Wirex and Xapo get away with it... if is not something official, just Paypal not verifying them yet, it's just a matter of time.

This virtual debit card thing + bitcoins relation, I'm not sure what to think about it.

Patatas

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Quote from: crysper on July 16, 2016, 02:29:45 AM

I successfully managed to withdraw money from Paypal to Virtual ecoin Visa, but I hear from many places that Paypal block accounts that trade bitcoins.

How's Paypal allowing E-coin/Wirex and others link, confirm and withdraw when they don't allow bitcoins trade?

Is there any risk? Should I worry about my Paypal account getting blocked or they have a deal with Paypal? Or are they trying to milk people until Paypal blocks them?

Did you read the recent news about Paypal and Coinbase teaming up ? Read here : http://thenextweb.com/insider/2014/09/23/paypal-integrates-bitcoin-processors-bitpay-coinbase-gocoin-merchants-us-canada/#gref

Answers 50% of you queries.Paypal has blocked individual users to trade with Cryptos and not organisations which are 3rd party to them.Something like,if someone buys a Gun from SilkRoad through E-Coin via Paypal transfer,E-Coin would be obliged to give all the information to the FBI since paypal doesn't play a big role here.

crysper

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I already sent message to support.

Maybe E-coin representative from this forum can help. I know they use a company and bank from Gibraltar to issue credit cards and process transactions, but I'm wondering how Paypal feels about this. Even if It's not like selling/buying from localtbitcoins, but you are still withdrawing to a 3rd party doing bitcoin transactions.

I don't want to withdraw 3 times successfully and 4th time to get my account blocked.

Any of you guys had issues with Paypal withdrawing to virtual visa debit cards related to bitcoin.

densuj

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Quote from: crysper on July 16, 2016, 02:29:45 AM

I successfully managed to withdraw money from Paypal to Virtual ecoin Visa, but I hear from many places that Paypal block accounts that trade bitcoins.

How's Paypal allowing E-coin/Wirex and others link, confirm and withdraw when they don't allow bitcoins trade?

Is there any risk? Should I worry about my Paypal account getting blocked or they have a deal with Paypal? Or are they trying to milk people until Paypal blocks them?

I think you must ask to e-coin and paypal their support will be answer your question, it will save your time and their answers more valid. But Let's wait opinion from another users.

crysper

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I successfully managed to withdraw money from Paypal to Virtual ecoin Visa, but I hear from many places that Paypal block accounts that trade bitcoins.

How's Paypal allowing E-coin/Wirex and others link, confirm and withdraw when they don't allow bitcoins trade?

Is there any risk? Should I worry about my Paypal account getting blocked or they have a deal with Paypal? Or are they trying to milk people until Paypal blocks them?

Topic: E-coin and others offer cards working with Paypal, but is not agains Paypal Tos? (Read 2678 times)