Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why - page 5. (Read 28859 times)

which is probably going to be at some stage in the future, to try and buy bitcoin/copyright it/make their own version and force it as a payment method on ebay/skype/kijiji and whatever else the monster eats.

Paypal will do whats best for paypal.

Since when is PayPal immune from FinCen? Stop acting like you can beat assholes at their own game.

And who officially recognizes it as such enough for Paypal to be able to class it as one?

FinCen; virtual currency.

That would require someone to officially recognize Bit-coin as a bona fide CURRENCY. Otherwise you are just buying and selling non tangible goods and computer bit strings, which, if paypal says you can't do with bitcoin, then you also can't do it with say a .Mp3 as well?

Well said! eBay owns Paypal, and I don't like that. An exchange is certainly much better with less of a chance of being scammed.

My advice is to not use eBay or PayPal   Use an exchange.

Ok Guys. I arrived at this topic a bit late which have costed me around 1500$

So I put BTC on eBay and it got sold within few hours. Buyer paid and his entire information was available with his phone #.

Did a google search and he have around 350+ feedback and confirmed his address. Paid him and every thing went well. he asked for 10 more and he said, he will send through Personal Payment. I read somewhere about scam and though Personal Payments cant be refunded.. But as soon as i sent him 10BTC on top of 1 BTC, he disputed and before i could even take any action, Money was refunded. also the eBay Transaction was disputed. Now i am power Seller /Top Rated seller on eBay and my transaction has got on hold.

I called them and they said, since it was not for purchase they cant do anything !  I called the police and they said, they do not deal with Cyber Crimes :S

I called the person and he got kinda confused and said he has not done anything. He has reported to FBI , Police and they are investing into that which is total crap. I have a tracker which told me that the email was opened from the same location the person is...

Interestingly I have contacts inside Paypal that can be used to investigate the issue. But since it is outside transaction I might be keeping it as last resort.

So I have all the proofs, found his entire info using google search and can buy further information. As of speaking he emailed me saying he has filed a case with FBI and my account has been locked out..

Should I start by telling him about the consequences and giving him sweet warning ?

Any Advises

Secondly, I just got two orders and received payment from them. Is it illegal to sell/purchase on eBay and if not then using eBay guidelines for virtual goods, can I be saved ? Or better I call and confirm ? I have seen few people shipping the paper with code on it. May be thats the reason for doing this ?

P.S If you are reading it, I am coming after you

even with tradecoin and localbitcoin is best you meet the person face to face while doing a transaction, do not trust any local seller because they will ask you to bank in the money and you will never hear from them, to many scammer and scumbag around.

Considering the fundamental mismatch in formats, why do you think the CEO in an interview implied that Paypal may get involved with bitcoins some day down the road.

Good post #1! Was good to read

This is an extremely enlightening discussion! 

I had a case where I bought a high-cost item from a source in China (REDFLAG I ignored).  Paid with PayPal (using a credit card as it's source), but never got the item (they sent a bogus tracking number).  Complained to PayPal, but they did nothing, so went to the credit card company with all of the details and they refunded the money (I'm assuming leaving PayPal holding the bag).

Other than that, I've not had a bad experience with PayPal - for 'normal' purchases.  I have learned some things here!

Cheers!

I've used localbitcoins before, and I even made a friend from it. Good service, and I can usually find coins UNDER market there.

This was a great post. I learned my lesson the hard way. Thanks everyone for your contributions.

2 weeks ago I was able to buy my first bitcoin with PayPal from an ad on https://localbitcoins.com/
I had to have a FUNDED and confirmed PayPal account.
I went to Walmart and got a MoneyPak (fee) and deposited into PayPal.
It was a little confusing but got my bitcoin same day.
Now I need to see how much it actually cost me over exchange rate.

A lot of good advice here. I wasn't aware PP had a policy against currency exchange, and such a high freeze rate, so I'll be sure to stay away.

so is there a safe way of liquidising our bitcoins?

evil PayPal forsure

+1

Paypal is the worst.