Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why - page 2. (Read 28859 times)

It's kind of surprising that people still need educating about Paypal.  I know for a fact they have been stealing money since 2003 as that is when I first had funds frozen by them.  Their policy when your account is suspended is "talk to the hand".  They make some arbitrary decision that your account is tainted, keep the money and refuse to discuss why.  This has been their policy for at least a decade, but muppets continue to sign up and use them.  I am amazed an entrepreneur has not been able to displace them in the market - perhaps bitcoin will assist in this.  If someone can come up with a painless and smooth way to transfer fiat to bitcoin and vica versa, I think they'll make more money than Elon Musk and Satoshi Nakamura combined...

It is understandable Paypal is least liked. What is other option available to buy a few coins just for fun?

Cash? Personal safety concern
Cash deposit? LocalBitcoins is dominating by early adapters w/ established rep and rest just can't find a deal
Exchange? Lengthy process of registration and verification, fees to send small amount, plus voluntarily add yourself to gov bitcoin watchlist.

Any other reliable venues for market priced BTC?

Paypal keeps a close eye on 'gifted payments'. No ones just recieves 100s of $$$ in gifts from random people from all over the world. After you receive a certain amount of 'gifts' paypal will freeze your account until they decide you can have access to it again!

Thanks so much for the info! I had heard of people doing this before, but will most likely not be doing it now. I sure wish you could trust people, however it does seem that in most cases (particularly with BTC) if it seems too easy, it's probably a scam. Thanks.

Great info. Thanks. Although I have been hearing about BTC for quite some time it is only recently that I have actually started reading about it in detail. It is indeed amazing how many benefits BTC have.

Ye paypal is by criminal for criminal

Even tho I never get scammed yet  but yeah I also hate how Paypal works,
just hate the dispute system.

paypal is very scary if you look at it , even the news of refund of BFL from paypal
is changing to refund only for BTC payment.
from
https://bitcointalk.org/index.php?topic=266945.180

I dont know if paypal will ever openly allow users yo exchange bitcoins through them but i read they was concidering allowing users to pay for goods with bitcoins

I closed my PayPal account and do not intend to reopen it because I am just against the whole idea of PayPal. I've heard too many horror stories about them and their fascist "business" practises. And Bitcoin for PayPal is a kind of oxymoron for me. They just don't go together very well.

Paypal froze my account when I sent £300 to my partner while I was in the UK and she was in the Philippines.  They lied to me on 3 separate occasions about why and what they were doing to remedy the problem.  I spent a total of about 4 1/2 hours on hold while trying to talk to them about it. They still owe me money and I have to wait 180days to get it back even though no credit cards were involved.  Wild horses would not drag me near Paypal ever again.  Or Western Union and Moneygram for that matter. 

Moneygram have also lied by repeatedly saying that my bank was refusing my debit card.  I got them and Visa on the phone simultaneously while they did the card processing and it turned out that Moneygram cannot process Natwest and Santander Visa Debit cards but they won't tell you when you try to register or use your cards on their website.  It wasn't until I had Visa and Moneygram talking about what was going wrong together on the phone that they fessed up to it. Even afterwards they wouldn't come straight out with it and were trying to insist that my bank was declining my card and it was somehow my fault despite accepting that their payment system was presenting the card details wrongly to Visa.  Given that I had recently got off a flight from the Philippines and used my cards in Manila, in Seoul, Korea, and in Tesco, UK and innumerable coffee shops along the way,and I knew I was well in credit, their argument hardly held water from the start, which is why I checked.

Western Union have blocked me for that same transaction with my partner and implied that it was an illegitimate transaction but would not explain why when challenged to produce any evidence supporting it. 

Moral of the story?  Don't trust Paypal or any other US based payments system, especially if you are a non US citizen sending money to another non US citizen and you are both in non US territories.  You will be treated automatically as stupid and criminal on any occasion where customer support is required.  You will get "Blame the customer and deny everything" as the first line of customer support.  You will always be at a disadvantage because you are not a US citizen in the US.

It's not about whether you meet the requirements for them to do business with you, it's about whether they are fit and proper to be handling your money responsibly with your interests in mind rather than only theirs.

These companies do not fall within the parameters I set for trustworthy and reliable money transfer, PERIOD.
There are plenty of alternatives for bitcoins and fiat transfers with or without currency exchange involved.

Personally, for foreign currency transfers I'd suggest OrbitRemit for small and regular fiat and bitcoins for large occasional amounts.

Not really. They kind of hated bitcoin for quite a while.

true that, they are really cracking down on anything bitcoin related recently.

transfer it to your bank account as soon as you can then, because I'd rather have my money in a furnace and hand a 4 year old the on and off switch to play with.

Easier said than done, but some of us are trying our hardest.......

PayPal will always decide against the seller when bitcoins are concerned.
Additionally they have been deleting bitcoin listings and freezing seller accounts recently.
They dont like btc and btc doesnt like them.

Its a shame because some of us have our money in paypal.

Have you ever had an experience so you can share
 this Theory Or It Is Just Your Theory ?...

So far I had no issue buying stuff via Paypal, but have to say I am using it quite rarely...

Thank you for the advise