Need Suggestions on Paypal Freezing Bitcoin Payments

djex

full member

Activity: 196

Merit: 100

Just to update and conclude this thread PayPal finally took my funds off hold. It took them 3 weeks to "complete their investigation". During the course of these 3 weeks, 3 emails were sent to them. I sent 2 and the buyer sent one as well. Now I'm not sure if it was the emails or not that convinced them to release my funds.

What I found most funny was the email they sent me letting me know they released the funds.

"We have lifted the temporary hold on the funds. You now have full access to
those amounts in your account.

We appreciate your cooperation."

This was the message written in the email. To me this suggests they held the funds for the hell of it and there was no real reason to hold them, bastards.

Oh well I'll never use PayPal again and I would not recommend anyone use it. (but you all know that already Tongue

)

djex

full member

Activity: 196

Merit: 100

Thanks for all the suggestions. Just for a quick update on my situation PayPal has not responded to my reply to their "investigation". The funds are still frozen. I'm hoping they will respond in the next few days so I can move on and get this sorted out.

Txyru

member

Activity: 61

Merit: 10

I would recommend you tell people who send you money via paypal to send it as a payment for a service, and for them to put inside the comments "I am happy with your consulting service I received".

It should minimize chargebacks if its intangible.

jkminkov

hero member

Activity: 698

Merit: 500

Quote from: kidgorgeous on May 15, 2011, 04:01:43 PM

I would recommend that you have the person send the money as a 'gift', gifts cannot be charged back or are very hard to charge back in paypal.

unless you sent the money from proxy/tor and cry - HELP, I'M HACKED

pp is good only, when you are not the receiving side...

chungenhung

legendary

Activity: 1134

Merit: 1005

PayPal froze randomly selected accounts so they can make money off the account balance.
Head over to paypalsucks.com and you will read more horrible stories.

Littleshop

legendary

Activity: 1386

Merit: 1004

Quote from: kidgorgeous on May 15, 2011, 04:01:43 PM

I would recommend that you have the person send the money as a 'gift', gifts cannot be charged back or are very hard to charge back in paypal.

While that us a good suggestion, nothing is hard about initiating a preypal chargeback.

bing

newbie

Activity: 18

Merit: 0

Quote from: RonnieP on May 15, 2011, 03:49:51 PM

Did you put "bitcoin" as what the transaction was for? I put "other" as most of my transactions (no matter what they are) and have never had them ask any questions about it.

I used "other" and wrote something like this "Here's the payment for trade ID xxx at BCM"

If they refund the money, I'll get them to djex another way...and I probably wont use paypal again... Sad

This never happened before though...

kidgorgeous

member

Activity: 75

Merit: 10

I would recommend that you have the person send the money as a 'gift', gifts cannot be charged back or are very hard to charge back in paypal.

RonnieP

member

Activity: 66

Merit: 10

Did you put "bitcoin" as what the transaction was for? I put "other" as most of my transactions (no matter what they are) and have never had them ask any questions about it.

kgo

hero member

Activity: 548

Merit: 500

Quote from: kseistrup on May 15, 2011, 02:42:27 AM

Quote from: singpolyma on May 14, 2011, 09:19:29 PM

I *strongly* suggest you only trade with people you trust, or at least with people who have a positive bitcoin-otc rating.

Perhaps a dumb question, but: how do people get their first rating if nobody wants to trade with them?

Cheers,

If you buy a shirt from iusecoins, they'll rate you on otc. A few other services will too.

runcible2011

newbie

Activity: 20

Merit: 0

As bitcoin is a direct threat to paypal, paypal will do all it can to screw up btc buy/sell transactions on its network.

I hope btc destroys paypal someday.

djex

full member

Activity: 196

Merit: 100

Quote from: bing on May 15, 2011, 09:01:20 AM

Quote from: error on May 14, 2011, 08:51:14 PM

You just got ripped off.

I know I'm taking a risk by stepping forward here, I'm the buyer in this case.

Actually, he didn't get ripped of.

I don't want a bad rating because Paypal is reviewing the transaction.
Information from Paypal regarding the transaction: "This payment has been selected for review and we have opened an investigation."

Reason: Inquiry by PayPal, Temporary Hold
Status: Awaiting other party's response

I also mailed djex back keeping me posted about the review, and if any problems occurs, we have to discuss a solution.

djex, if you need me to contact Paypal in any way, mail me back.

Yeah I didn't think you had the mind set of ripping me off so no worries there. I posted here to see if anyone else had similar problems with PayPal recently since I'm not sure why they would randomly start an investigation.

As I said in my recent email I responded to PayPal's request and I'm just waiting for a reply from them. The reason I think the payment might be sent back is due to the fact it was for the purchase of bitcoin. We shall see what they decided. I'll let you know what they say.

bing

newbie

Activity: 18

Merit: 0

Quote from: error on May 14, 2011, 08:51:14 PM

You just got ripped off.

I know I'm taking a risk by stepping forward here, I'm the buyer in this case.

Actually, he didn't get ripped of.

I don't want a bad rating because Paypal is reviewing the transaction.
Information from Paypal regarding the transaction: "This payment has been selected for review and we have opened an investigation."

Reason: Inquiry by PayPal, Temporary Hold
Status: Awaiting other party's response

I also mailed djex back keeping me posted about the review, and if any problems occurs, we have to discuss a solution.

djex, if you need me to contact Paypal in any way, mail me back.

kseistrup

hero member

Activity: 566

Merit: 500

Unselfish actions pay back better

Quote from: luv2drnkbr on May 15, 2011, 08:41:07 AM

Quote from: kseistrup on May 15, 2011, 02:42:27 AM

Perhaps a dumb question, but: how do people get their first rating if nobody wants to trade with them?

You do a number of small trades with people who are willing to risk 1 BTC or 5-10 USD on a a newbie.

Right, thanks.

Quote

Setting up a Dwolla account FIRST and offering to use Dwolla for your first trades will also get you some trades and ratings much faster than offering up Paypal.

I'm not in the US, so Dwolla is of no use to me. I can do SEPA bank transfers, though (although this is not ‘instant’).

Cheers,

luv2drnkbr

hero member

Activity: 793

Merit: 1026

Quote from: kseistrup on May 15, 2011, 02:42:27 AM

Quote from: singpolyma on May 14, 2011, 09:19:29 PM

I *strongly* suggest you only trade with people you trust, or at least with people who have a positive bitcoin-otc rating.

Perhaps a dumb question, but: how do people get their first rating if nobody wants to trade with them?

Cheers,

You do a number of small trades with people who are willing to risk 1 BTC or 5-10 USD on a a newbie. Setting up a Dwolla account FIRST and offering to use Dwolla for your first trades will also get you some trades and ratings much faster than offering up Paypal.

kseistrup

hero member

Activity: 566

Merit: 500

Unselfish actions pay back better

Quote from: singpolyma on May 14, 2011, 09:19:29 PM

I *strongly* suggest you only trade with people you trust, or at least with people who have a positive bitcoin-otc rating.

Perhaps a dumb question, but: how do people get their first rating if nobody wants to trade with them?

Cheers,

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Quote from: Bruce Wagner on May 15, 2011, 01:52:32 AM

There is ONE way to safely buy Bitcoin via PayPal:

Tell the buyer to....

(1) In his PayPal account, click Withdrawal Money .... amd "Request a check in the mail".

(2) Wait for PayPal to mail you a check in the mail.

(3) Wait for the check to clear.

(4) Do a bank wire transfer to MtGox.

What? It's safe to buy Bitcoin w/ PP. It's just not safe to sell bitcoin.

Bruce Wagner

sr. member

Activity: 336

Merit: 252

There is ONE way to safely buy Bitcoin via PayPal:

Tell the buyer to....

(1) In his PayPal account, click Withdrawal Money .... amd "Request a check in the mail".

(2) Wait for PayPal to mail you a check in the mail.

(3) Wait for the check to clear.

(4) Do a bank wire transfer to MtGox.

djex

full member

Activity: 196

Merit: 100

Quote from: error on May 14, 2011, 10:34:31 PM

Grab your passport and a bottle of lube, drive down south, pop in to a bank and bend over. They'll set you up.

LOL.... sigh...

Going to keep it as a last resort.

error

hero member

Activity: 588

Merit: 500

Grab your passport and a bottle of lube, drive down south, pop in to a bank and bend over. They'll set you up.

Topic: Need Suggestions on Paypal Freezing Bitcoin Payments (Read 5293 times)