Topic: How to sell Bitcoins on PayPal and not get scammed. - page 2. (Read 4290 times)
is there anything that would protect against the seller from sending the cert, but not the credit? They'd be in the clear as far as paypal was concerned because the cert would have been delivered
First, I apologize for my English. It isn't the best. I have only been speaking it for 2 and a half years now, so bear with me. If someone with perfect English could re-write this, I'd be very thankful.
As many of you are familiar with by now, selling Bitcoins on PayPal is not smart. Once you send the Bitcoins, all the buyer has to do is dispute the transaction, and you will lose out on your Bitcoins AND the money they paid you.
Well, there is a way to prevent this.
PayPal has always had ill-will out towards digital transactions. They prefer sellers dealing with actual physical items that can be tracked. So, rather then selling off a digital item such as a bitcoin, lets sell off something physical.
Bitcoin certificates.
If you print out a Bitcoin certificate, it is now a physical item. It can be shipped, and it can be tracked, unlike an actual Bitcoin. Sadly, a Bitcoin certificate isn't a bitcoin. It is a worthless item with no value. So... why not sell that along with our actual digital bitcoins?
If you have a buyer that wants to purchase some bitcoins from you via PayPal, follow these guidelines:
1. If you are selling through eBay or an online store, make sure the title is for a bitcoin CERTIFICATE. It is very important that they know the purchase is for the certificate. If they are doing a direct payment through PayPal, make sure they state in the notes that it is for a bitcoin certificate.
2. Describe that along with a certificate in the mail, they will be receiving an actual bitcoin. They will be getting both.
3. Print out your bitcoins, and ship them off to the buyers address. Make sure to ship it with a service that has tracking. THIS IS VERY IMPORTANT. If a buyer tries to scam you and get their money back, you will have proof that a certificate has been sent. Don't just do normal postage mail, a tracking number is needed.
4. After enough time has passed for your parcel to go out and the tracking number to generate (usually about 24 hours), send off the digital bitcoin. Make sure the buyer knows that the digital bitcoins won't come immediately. You need enough time to know your certificates are being shipped and the tracking number is generated.
If you follow these steps, you will have a foolproof way to sell your bitcoins with PayPal.
A tip, if a buyer tries to get you to not send the certificate, ignore it. The certificates must go out whether they want it or not. You NEED to have proof that a shipment has gone out.
Soon, I will update this post with some designs that you could use for your worthless bitcoin certificates.
I hope this helps you all out. :-)
Once again, if someone would very good English could re-write this, I'd be very thankful.
How to sell Bitcoins on PayPal and not get scammed
As many of you are familiar with by now, selling Bitcoins on PayPal is not smart. Once you send the Bitcoins, all the buyer has to do is dispute the transaction, and you will lose out on your Bitcoins AND the money they paid you.
Well, there is a way to prevent this.
PayPal has always had ill-will out towards digital transactions. They prefer sellers dealing with actual physical items that can be tracked. So, rather then selling off a digital item such as a bitcoin, lets sell off something physical.
Bitcoin certificates.
If you print out a Bitcoin certificate, it is now a physical item. It can be shipped, and it can be tracked, unlike an actual Bitcoin. Sadly, a Bitcoin certificate isn't a bitcoin. It is a worthless item with no value. So... why not sell that along with our actual digital bitcoins?
If you have a buyer that wants to purchase some bitcoins from you via PayPal, follow these guidelines:
1. If you are selling through eBay or an online store, make sure the title is for a bitcoin CERTIFICATE. It is very important that they know the purchase is for the certificate. If they are doing a direct payment through PayPal, make sure they state in the notes that it is for a bitcoin certificate.
2. Describe that along with a certificate in the mail, they will be receiving an actual bitcoin. They will be getting both.
3. Print out your bitcoins, and ship them off to the buyers address. Make sure to ship it with a service that has tracking. THIS IS VERY IMPORTANT. If a buyer tries to scam you and get their money back, you will have proof that a certificate has been sent. Don't just do normal postage mail, a tracking number is needed.
4. After enough time has passed for your parcel to go out and the tracking number to generate (usually about 24 hours), send off the digital bitcoin. Make sure the buyer knows that the digital bitcoins won't come immediately. You need enough time to know your certificates are being shipped and the tracking number is generated.
If you follow these steps, you will have a foolproof way to sell your bitcoins with PayPal.
A tip, if a buyer tries to get you to not send the certificate, ignore it. The certificates must go out whether they want it or not. You NEED to have proof that a shipment has gone out.
Soon, I will update this post with some designs that you could use for your worthless bitcoin certificates.
I hope this helps you all out. :-)
Once again, if someone would very good English could re-write this, I'd be very thankful.
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