Gift cards with paypal , a possible solution to chargebacks ?

CEG5952

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Buy and sell bitcoins,

Quote from: d2dtk on June 06, 2014, 12:02:01 PM

Paypal is almost never going to be favorable for bitcoin use unfortunately they side with the scammers/liars all too much.

Are you sure about that? You know Paypal is owned by Ebay, right? Check this out:

Bitcoin key to future of online payments: EBay CEO

Never say never. Tongue

d2dtk

hero member

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Paypal is almost never going to be favorable for bitcoin use unfortunately they side with the scammers/liars all too much.

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

Quote from: jambola2 on June 02, 2014, 01:06:56 PM

Quote from: CEG5952 on June 02, 2014, 12:55:34 PM

Quote from: jambola2 on June 02, 2014, 12:08:42 PM

Couldn't you just buy a gift card with paypal and then sell it for BTC ?
This could possibly need an escrow , but would stop chargebacks in the long term.

Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/)

They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin.

Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC.

If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC.

We would be buying this gift card from a reputed third-party so how would that happen ?

If what you are saying is right , won't people be reporting amazon and getting a free refund on any goods ?

If you trust the third party seller, there is no issue. But if you are dealing P2P, say, on the forum, and don't know the other party, Paypal is dangerous.

SOAD

sr. member

Activity: 324

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I don't think there's any legit way to use paypal safely. There's even ways paypal protects scammers now.

b!z

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Merit: 1010

Quote from: jambola2 on June 02, 2014, 01:06:56 PM

Quote from: CEG5952 on June 02, 2014, 12:55:34 PM

Quote from: jambola2 on June 02, 2014, 12:08:42 PM

Couldn't you just buy a gift card with paypal and then sell it for BTC ?
This could possibly need an escrow , but would stop chargebacks in the long term.

Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/)

They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin.

Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC.

If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC.

We would be buying this gift card from a reputed third-party so how would that happen ?

If what you are saying is right , won't people be reporting amazon and getting a free refund on any goods ?

How does the buyer know the giftcard is purchased legitimately? Giftcards can be cancelled for fraud too.

jambola2

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Activity: 1120

Merit: 1038

Quote from: CEG5952 on June 02, 2014, 12:55:34 PM

Quote from: jambola2 on June 02, 2014, 12:08:42 PM

Couldn't you just buy a gift card with paypal and then sell it for BTC ?
This could possibly need an escrow , but would stop chargebacks in the long term.

Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/)

They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin.

Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC.

If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC.

We would be buying this gift card from a reputed third-party so how would that happen ?

If what you are saying is right , won't people be reporting amazon and getting a free refund on any goods ?

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

Quote from: jambola2 on June 02, 2014, 12:08:42 PM

Couldn't you just buy a gift card with paypal and then sell it for BTC ?
This could possibly need an escrow , but would stop chargebacks in the long term.

Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/)

They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin.

Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC.

If the gift card was purchased with Paypal, the Paypal user could report the gift card purchase as fraudulent in the first place. So it isn't safe for the user paying BTC.

jambola2

legendary

Activity: 1120

Merit: 1038

Couldn't you just buy a gift card with paypal and then sell it for BTC ?
This could possibly need an escrow , but would stop chargebacks in the long term.

Steam gift cards seem like a likely winner , I can find quite a few websites selling for paypal with no additional fees (http://www.pcgamesupply.com/buy/Steam-Gift-Card-20/)

They are pretty high in demand , as steam wallet credit is nearly impossible to get for Bitcoin.

Any possible downsides ? If not , this may solve paypal chargeback solutions for quite some time , atleast if the seller wants to buy under 1 BTC.

Topic: Gift cards with paypal , a possible solution to chargebacks ? (Read 1831 times)