Topic: NEVER EVER deal Bitcoins with PAYPAL (F&F too!) - page 4. (Read 1145 times)
@OP did you sold your Bitcoin to one of the members here? If so then maybe you can put up a scam accusation thread against him although there is no guarantee it is better to put in a little hope to recover your Bitcoin. In Paypal transactions where you are the one sending crypto I wouldn't even recommend the use of escrow since chargebacks can be filed 120 days or more after that transaction so there is really no guarantee that you will still have that payment in your balance not unless you cash it out.
And a second effect for @OP, Paypal will soon close definitely his account for violating their terms of service. Currencies exchanges are not allowed and they consider it a strict violation of their platform. They don't forgive anything about it
A third effect is @OP will never be able to open a second account, unless he uses buggy name of course, but will never be able to link his bank account or debit card.
It can affect the account of OP and might lose everything if he continue to use Paypal. Too sad that this kind of platform allows scammers to just cancel the payment once the transactions is done and refund the money while the receiver of it suffers from too much expectation. Never ever transact with big amount of money on any centralized platform because they might freeze your account for no reason. A third effect is @OP will never be able to open a second account, unless he uses buggy name of course, but will never be able to link his bank account or debit card.
And a second effect for @OP, Paypal will soon close definitely his account for violating their terms of service. Currencies exchanges are not allowed and they consider it a strict violation of their platform. They don't forgive anything about it
A third effect is @OP will never be able to open a second account, unless he uses buggy name of course, but will never be able to link his bank account or debit card.
A third effect is @OP will never be able to open a second account, unless he uses buggy name of course, but will never be able to link his bank account or debit card.
A lot of people conduct these sorts of chargebacks by disputing charges with their bank or credit card provider, and when that happens PayPal's usually not able to do much for the person that gets scammed and you end up losing money. That's a big reason why I avoid selling or receiving funds with PayPal and I always move the funds over to my bank account(s) whenever possible; buyer protection's amazing, but as a seller it's extremely easy to get screwed over by anyone that happens to want to get something for free.
I've had very similar problems selling things on eBay, especially sneakers recently with the 0% fees on eBay now for sneakers. It's much harder for you to even defend against a claim when the item in question being transacted is digital, and I believe PayPal even says they don't let people transact with funds for cryptocurrency somewhere on their site. I know some people have had their PayPal accounts limited and/or stopped for 180 days because PayPal figured out the accounts these people were using were transacting for cryptocurrency.
I've had very similar problems selling things on eBay, especially sneakers recently with the 0% fees on eBay now for sneakers. It's much harder for you to even defend against a claim when the item in question being transacted is digital, and I believe PayPal even says they don't let people transact with funds for cryptocurrency somewhere on their site. I know some people have had their PayPal accounts limited and/or stopped for 180 days because PayPal figured out the accounts these people were using were transacting for cryptocurrency.
There are reputable exchanges where you can easily buy bitcoin with your credit card, and thanks to Binance, in some countries you can even purchase or sell Cryptocurrencies directly with your bank account and if this service hasn't reached your area yet, it's only a matter of time before it does because the main focus of Binance right now is to reach as many countries as possible.
Anyways this was a mistake and thanks to your post, many other people would learn from it and avoid falling victims to this kind of scam, the timing really sucks.
Anyways this was a mistake and thanks to your post, many other people would learn from it and avoid falling victims to this kind of scam, the timing really sucks.
It was really stupid decision to do friends and family option as PayPal is too strict about the charge backs. If you have some reputation in your bank with transactions then never connect PayPal to it.
I don't really know how charge back at PayPal works...Just tried to understand it by going through their website., not so clear to me.
If you are using the option goods and services, it's relatively easy to request a charge back and have PayPal side with you as buyer. Another option, which works with both friends and family and goods and services payments, is to charge back from your bank. PayPal will then make sure that it deducts that amount in full from your account.
Scammers tend to comfort people saying that they can't charge back on them because they use the friends and family option, but they don't tell them anything about how you can get transactions reversed on the side of your bank as well. I have seen it happen quite a lot that people have lost money thinking they are safe with friends and family payments.
Bitcoin might be volatile, but at least you won't be losing out by accepting it. PayPal & Co are too flawed and only have eye for the buyers.
I have used paypal in 2015 to open my ecommerce website, it was so bad that I had to remove it from the website and used a direct bank wire instead. Do you know how horrible it is to doxx yourself to all of your customers? Because when you do direct bank wire, that means everybody will know your account name which is your name in my nation, so they got my first name and last name and account number in order to pay me, I literally preffered to doxx myself and get all my personal information out in the open in exchange of not using paypal and it was totally worth it. Not only does paypal get the money out of you for chargebacks they also charge you money for getting a chargeback.
So in total, you gave an item to someone which is a minus, you didn't get the money plus you are charged for it because of silly paypal rules, I had to pay! to give someone the product! I will NEVER use paypal again, for absolutely NO REASON at all, thankfully the new company I work for allows me to use bitcoin payments, the other people can pay however they want but I am receiving bitcoins for it, it takes a steep cut for it but it allows me to stay hidden and never share any info aside from my bitcoin wallet address.
I don't really know how charge back at PayPal works...Just tried to understand it by going through their website., not so clear to me.
You probably broke the site's terms and conditions and a dispute was launched against you by the buyer?
Well, I guess you should try your best to see if this resolved satisfactorily... You shouldn't give up yet.
You probably broke the site's terms and conditions and a dispute was launched against you by the buyer?
Well, I guess you should try your best to see if this resolved satisfactorily... You shouldn't give up yet.
You are not the first OP, and you won't be the last.
Both true, unfortunately.There are some members here that you can trust (as much as you can trust anyone on a discussion forum) with PayPal deals, but there aren't many of them. I've had no other option to buy bitcoin for years, so I pretty much have to buy it with PayPal funds and I know it's not the best way to do it, and that people might think their funds are at risk from a chargeback. It sucks all around, but ever since Circle stopped selling bitcoin there's been no good way to buy it. Coinbase permabanned my ass even before Circle went to the dark side, and I can't even use Binance anymore because they don't support my state.
I wouldn't say never deal with PayPal, because I'd be a hypocrite but just be extremely careful who you're dealing with. I would only accept it from someone who has a long history of PayPal deals with no chargebacks and even then I wouldn't deal with huge amounts.
I sold my Bitcoins through Paypal Friends and Family payment thinking it would be "safe".
I was TOTALLY wrong.
The scammer issued a chargeback claiming it as "unauthorized purchase".
I sent all the chat logs and the screenshot of the Paypal payment from the buyer and the receipt from Paxful including PGP signature, but I doubt if I will ever win.
Feels so sad that this BS has happened in the end of the year.
I'm stuck between either paying the chargeback or closing my bank account and debit card, never using Paypal again.
Paybal banned crypto related purchases so you have be trapped here by that scammer.This is the biggest risk of using p2p trading platforms even the onw who has more positive feedbacks might be involved in these kind of scams if the money involved is huge.Paxful will block the scammers account for sure and if there is any bitcoin left the scammer will give you the bitcoin or money but I doubt there won't be any dust on the scammer's paxful wallet.I was TOTALLY wrong.
The scammer issued a chargeback claiming it as "unauthorized purchase".
I sent all the chat logs and the screenshot of the Paypal payment from the buyer and the receipt from Paxful including PGP signature, but I doubt if I will ever win.
Feels so sad that this BS has happened in the end of the year.
I'm stuck between either paying the chargeback or closing my bank account and debit card, never using Paypal again.
I did experienced the same kind of scam in LBC few months back but luckily the money involved is just about $80 but the scammer lost his 0.05BTC on his lbc wallet and still frozen by the staffs of LBC.
This happened already before and that was the mistake of OP for allowing someone to do the transaction with paypal and bitcoin. Those reversible account of paypal is already a bad move if you combine it with any cryptocurrency. Not unless you know this someone as your closest friends or family that you trusted already.
Family & Friends paypal option should be always used as described - for sending money to family and friends which you can trust.
When you send using the normal option will protect you as you can always make a dispute. If you want to make a BTC to PayPal transaction you might want to use an escrow.
When you send using the normal option will protect you as you can always make a dispute. If you want to make a BTC to PayPal transaction you might want to use an escrow.
Thank you for sharing your story here at least we are all reminded and we do have idea of what happened, yeah, I think he can really do such thing if he wanted to scam. Actually, in telegram there are persons who were getting to know you, once you are already comfortable to him, they will ask you for this kind of transaction, good thing my friend didn't transact with him.
Sucks to be you mate. There were already a lot of others who experienced the same as you, Idk how you didn't discover it before hand. Pay the cashback if they refuse to understand the situation though, cause if not, might result to official action done to you, which is not worth it imo. Paypal should just be used for sent and receive of fiat since it hasn't really accommodated yet for the current crypto scene. Well, at least you know not to use it next time. Sad new years to you but hope for the best with the report to Paypal. Hopefully they actually review it properly.
I sold my Bitcoins through Paypal Friends and Family payment thinking it would be "safe".
I was TOTALLY wrong.
The scammer issued a chargeback claiming it as "unauthorized purchase".
I sent all the chat logs and the screenshot of the Paypal payment from the buyer and the receipt from Paxful including PGP signature, but I doubt if I will ever win.
Feels so sad that this BS has happened in the end of the year.
I'm stuck between either paying the chargeback or closing my bank account and debit card, never using Paypal again.
A lot of people also had a bad experienced in using paypal because it is not really safe and their service is really bad, that is why i prefer not to use paypal in most of my transactions. I only use my paypals upon receiving payments if my customer is using paypal, then i immediately withdraw it if i already received it for me not to have any problems. I was TOTALLY wrong.
The scammer issued a chargeback claiming it as "unauthorized purchase".
I sent all the chat logs and the screenshot of the Paypal payment from the buyer and the receipt from Paxful including PGP signature, but I doubt if I will ever win.
Feels so sad that this BS has happened in the end of the year.
I'm stuck between either paying the chargeback or closing my bank account and debit card, never using Paypal again.
Sorry man, the worst time in the year to get scammed. This has been happening for years now with PayPal tho;/ It even used to work when they bought crypto related stuff like miners lol. It's so sad PP is just keeping this state for so long. I'm not using it since 2014 for these reasons and will never use it again, especially when it looks like they are not gonna change their policies unless forced to.
Isn't this the case of Peer to peer transaction iirc? Yea, a lot of loopholes could be found when doing deals with PayPal since a simple issue or report to PayPal with regards to the transaction and the seller, would 100% lose his money. This is why most avoid Paypal. Should have done a bit of research with regards to transactions done by others through PayPal. Your situation isn't really that unique since a lot has been scammed in this way. Badluck OP. Good luck with the report to Paypal though, hope you get it back.
I sold my Bitcoins through Paypal Friends and Family payment thinking it would be "safe".
I was TOTALLY wrong.
The scammer issued a chargeback claiming it as "unauthorized purchase".
I sent all the chat logs and the screenshot of the Paypal payment from the buyer and the receipt from Paxful including PGP signature, but I doubt if I will ever win.
Feels so sad that this BS has happened in the end of the year.
I'm stuck between either paying the chargeback or closing my bank account and debit card, never using Paypal again.
Bad choose for convert your bitcoin become paypal because paypal have way to dispute your transaction, I have experience how to know paypal working where almost transaction sending by using PayPal payment way can take back again just few minute after sending, your received from PayPal can get back by sender and you have looking trusted friend to convert your paypal with bitcoin. I was TOTALLY wrong.
The scammer issued a chargeback claiming it as "unauthorized purchase".
I sent all the chat logs and the screenshot of the Paypal payment from the buyer and the receipt from Paxful including PGP signature, but I doubt if I will ever win.
Feels so sad that this BS has happened in the end of the year.
I'm stuck between either paying the chargeback or closing my bank account and debit card, never using Paypal again.
Seen this many times and good thing I am not using paypal for any crypto transactions and just use it for my payroll as virtual assistant. TBH, I don't get it why some still uses third party transactions when we can freely trade on bunch of trading sites, not to mention Paxful had some recent issues about account locked up.
Anyway, lesson learned in an expensive way is the torturing part.
Anyway, lesson learned in an expensive way is the torturing part.
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