hmm there's also http://coin2pal.uphero.com
has anyone tried it?
Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why - page 11. (Read 28868 times)
April 09, 2013, 10:11:30 PM
April 09, 2013, 09:43:28 PM
I'll be sure not to do this. I'm not in this for paypal... Bitcoin is going to take over paypal IMHO.
April 09, 2013, 09:41:25 PM
Found this really useful. Thanks
No you didn't, you posted this 39 seconds after your last post and 38 seconds before your next post. Another topic - don't trust post count as any measure of participation in the Bitcoin community.. April 09, 2013, 09:12:44 PM
Found this really useful. Thanks
April 09, 2013, 06:35:49 PM
ive had a few good experiences doing this, but 1 bad one was all that it took and never again going to use btc/paypal
April 09, 2013, 05:15:17 PM
It is not about paypal. It is about people involved in deal. If one is a scammer you cant protect yourself unless it is a deal where cash changes hand I mean face to face. I had experience when I lodged money to persons account and he never sent bitcoins to my address. Not much I can do as bank cant take funds from his acc. I guess only cyprus banks can do that if they want. 
All I can do is to report it to police and wait if they will do something about it.
So if you are about to do a deal with stranger on other side of country or world then it is always risk for one side involved. Western union comes to mind but they have ridiculously high commission.
All I can do is to report it to police and wait if they will do something about it.
So if you are about to do a deal with stranger on other side of country or world then it is always risk for one side involved. Western union comes to mind but they have ridiculously high commission.
April 09, 2013, 05:08:42 PM
PayPal also frowns upon using their service for buying and selling bitcoins, in fact you might get banned if you give them any information that is what you've done or they somehow find out you have.
April 09, 2013, 03:00:25 PM
WTF.
April 09, 2013, 02:41:10 PM
ive been reading about bitcoin escrow?
is that a good option?
Unless the escrow holds the BTC for 180 days and releases to the buyer only if the buyer doesn't chargeback in that time...
http://www.webhostingtalk.com/showthread.php?t=296411
Also ..Typically, the card issuer then has up to 190 days from this day to successfully dispute and recover the payment on behalf of the cardholder.
Any guarantee, membership or subscription period purchased as part of the transaction may be added to the 190 day period. For example, it is possible to fully or partially chargeback goods with a 12 month guarantee within 545 days of the "purchase date".
April 09, 2013, 02:04:14 PM
ive been reading about bitcoin escrow?
is that a good option?
Unless the escrow holds the BTC for 180 days and releases to the buyer only if the buyer doesn't chargeback in that time...
April 09, 2013, 01:41:41 PM
ive been reading about bitcoin escrow?
is that a good option?
April 09, 2013, 11:09:32 AM
The buyer / sender on PayPal can file a complaint within 45 days and get their money back! That easy!
Is it legal for PayPal? Are there sending buyer info to seller in such situation, so he can call the police if there are wrong? If so, maybe PayPal account with eBay history are quite safe? April 09, 2013, 07:47:23 AM
Thanks for the info
April 09, 2013, 07:28:06 AM
I wonder how Paypal will react to this in the future when BTC\LTC take off as a major currency.
April 09, 2013, 07:18:25 AM
Finally, something to kill the Gaypal... and Gaybay, killed my living for 7 years... I hate you guys, hope this knocks the shit out them.
April 09, 2013, 02:47:42 AM
Is there some escrow service that could eliminate or at least minimize said problems?
April 08, 2013, 07:31:01 PM
In case no one has mentioned this site: http://www.paypalwarning.com/
Paypal obviously serves a purpose. Great as acting as the middle man for payments for purchases. However it does not fit into the framework of BTC trade.
Paypal obviously serves a purpose. Great as acting as the middle man for payments for purchases. However it does not fit into the framework of BTC trade.
April 08, 2013, 08:40:15 AM
seems like i read somewhere about the idea of 2/3 exchanges aka clearing houses for this sort of thing and it seems to me thats the way to go,
wherein funds for both are sent to a 3rd account and unlocking them requires codes from 2 of the 3 involved so buyer and seller deal with mediator who hold cash until he get btc then sends them both on there way once confirmation is there
Paypal for all its faults does just that you pay them they pay recipient,
bit coin for all its appeal is frightening in that regard,
if i want to cash out 5 bit coins at market value of 500£ then i have to trust what ever method of payment is used that ill get the cash,
with government backed currency the cash i offer is backed by the nation i know its good for purpose i can give you 500£ and get a phone or trade it for 750$
what guarantees other then web reputations and people vouching for them do i have that i hand over 50 btc and will receive my 5k£
same with goods im not trying to be funny or cause problems mining aside cause my pc is on full time so a little distributed computing never hurts it. these issues of trust is what kept me out of bit coin for 3 years.
wherein funds for both are sent to a 3rd account and unlocking them requires codes from 2 of the 3 involved so buyer and seller deal with mediator who hold cash until he get btc then sends them both on there way once confirmation is there
Paypal for all its faults does just that you pay them they pay recipient,
bit coin for all its appeal is frightening in that regard,
if i want to cash out 5 bit coins at market value of 500£ then i have to trust what ever method of payment is used that ill get the cash,
with government backed currency the cash i offer is backed by the nation i know its good for purpose i can give you 500£ and get a phone or trade it for 750$
what guarantees other then web reputations and people vouching for them do i have that i hand over 50 btc and will receive my 5k£
same with goods im not trying to be funny or cause problems mining aside cause my pc is on full time so a little distributed computing never hurts it. these issues of trust is what kept me out of bit coin for 3 years.
April 08, 2013, 05:47:26 AM
The way that I see it is the next big gold rush in the BTC economy is no longer to directly acquire coins or mine them, but to create useful, quick, and transparent services that will facilitate these transactions. I am very excited to see what is to come about the current race to create the first BTC credit card
absolutely !
Physical Bitcoin exchanges
Local bank accounts in various countries that will accept in-comming / out-going transfers (to sell / buy bitcoins)
....... BTC card as you mentioned ...
YEP !!
April 08, 2013, 05:19:58 AM
Anyone know if there is a time limit PayPal user can attempt to reverse a transaction?
The buyer / sender on PayPal can file a complaint within 45 days and get their money back! That easy!
180 days actually.
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