Need Suggestions on Paypal Freezing Bitcoin Payments - page 2.

djex

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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.

Yeah I understand but when your trying to get the most for your bitcoin it's hard to find the right trusted people to sell to. I just bought a computer for mining and I'm currently trying to pay it off. If I wasn't trying to pay it off for sure I would only do trusted trades. It's just unfortunate that there isn't a better secured system to complete paypal transactions when selling bitcoin. Also I'm from Canada and bitcoins at the moment seem to be mainly US and Europe based. If I could get a US bank account some how then that would be perfect but I'm not sure how I would go about doing that.

singpolyma

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

SteveB

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Quote from: kgo on May 14, 2011, 08:49:54 PM

... But all the trusted users are using Dwolla, MoneyPak, or something like that.

Unfortunately Dwolla and MoneyPak is U.S. only and does not work for canadians like me. Sad

error

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You just got ripped off.

kgo

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Quote from: djex on May 14, 2011, 08:36:40 PM

I've never had a problem with paypal before so I do not understand why they would randomly freeze a payment and want me to give more information.

Because the user said you ripped them off and never delivered.

Unfortunately, since (1) BitCoins aren't something phyiscal, and (2) the PayPal TOS has a clause about virtual currencies, there's not much you can do.

It's getting to the point on #bitcoin-otc where people will only do paypal with trusted users. But all the trusted users are using Dwolla, MoneyPak, or something like that.

greenlander

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Paypal is Latin for "dirty rotten thieves"

djex

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I just sold some BTC on bitcoinmarket.com and have confirmed with the buyer that he did receive all of the bitcoins. The buyer sent the proper amount to my paypal account but 10 minutes later paypal froze that payment and asked for more information on the payment.

So there was nothing else I could do except reply back to paypal explaining why I received these and what they were for. I also attached the buyers email he sent me confirming his purchase and receiving the proper amount of bitcoins.

So my question is what happens next? What are some experiences people here have had with paypal and doing this sort of thing? I have a bad feeling that my account may be frozen after they review my explanation (due to the fact paypal doesn't care for bitcoin to much). If it is frozen and all funds in the account are frozen will I ever be able to withdraw them again?

I've never had a problem with paypal before so I do not understand why they would randomly freeze a payment and want me to give more information.

Any help or suggestions would be helpful.

Topic: Need Suggestions on Paypal Freezing Bitcoin Payments - page 2. (Read 5293 times)