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Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why - page 6. (Read 28868 times)

Dbn
newbie
Activity: 1
Merit: 0
What about gift paypal paments? Quick easy no seller commision and unreversible
When these payments are sent to you from an account that has been hacked into and the original owner complains, or the payment is funded with a stolen or disputed credit card, you'll find out quickly how reversible PayPal is. PayPal isn't going to be left holding the bag, they pass their fraud losses on to you.

My friend just learned this the hard way. The week the BC bubble burst...he was selling coins for nearly 25% more than Gox weighted average price. I was baffled that this was happening and told him it sounds too good to be true. But they buyers kept buying and the dollar signs took over the rationale portion of his mind. They were even contacting him outside of the But It Now auctions he had listed asking for more. It was then he started realizing the poorly written English and stopped it all.

By the end of last week...I think he lost a total of $1k+ after PayPal stated that all transactions were not made by the actually account owner...bc the accounts had been hacked. PayPal had then provided an example of one of the accounts' login history...in a 48 hour period, the account had logged in multiple times from somewhere in Mumbai when the account owner actually lived in Salt Lake City, UT.

HaHa, That is my exact story from this week. except i live on the east coast and it was about $1.300. Ebay wouldn't even flag the accounts after paypal reversed the transaction for a unauthorized transactions.

The safest way to buy/sell coins with paypal is to NOT do it..
newbie
Activity: 5
Merit: 0
What about gift paypal paments? Quick easy no seller commision and unreversible
When these payments are sent to you from an account that has been hacked into and the original owner complains, or the payment is funded with a stolen or disputed credit card, you'll find out quickly how reversible PayPal is. PayPal isn't going to be left holding the bag, they pass their fraud losses on to you.

My friend just learned this the hard way. The week the BC bubble burst...he was selling coins for nearly 25% more than Gox weighted average price. I was baffled that this was happening and told him it sounds too good to be true. But they buyers kept buying and the dollar signs took over the rationale portion of his mind. They were even contacting him outside of the But It Now auctions he had listed asking for more. It was then he started realizing the poorly written English and stopped it all.

By the end of last week...I think he lost a total of $1k+ after PayPal stated that all transactions were not made by the actually account owner...bc the accounts had been hacked. PayPal had then provided an example of one of the accounts' login history...in a 48 hour period, the account had logged in multiple times from somewhere in Mumbai when the account owner actually lived in Salt Lake City, UT.
legendary
Activity: 2674
Merit: 2965
Terminated.
legendary
Activity: 966
Merit: 1004
Keep it real
I still don't get why one shouldn't use paypal to buy bitcoins.. if you can prove you sent the bitcoins, paypal will never sent the money back to the buyer..

Plus the person can always claim their paypal account was hacked.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
I still don't get why one shouldn't use paypal to buy bitcoins.. if you can prove you sent the bitcoins, paypal will never sent the money back to the buyer..

If you can prove you sent the bitcoins and the buyer doesn't claim they were hacked, then PayPal can shut down both accounts for violating their AUP.
Prohibited Activities

You may not use the PayPal service for activities that:
(h) involve currency exchanges
newbie
Activity: 8
Merit: 0
I still don't get why one shouldn't use paypal to buy bitcoins.. if you can prove you sent the bitcoins, paypal will never sent the money back to the buyer..
legendary
Activity: 966
Merit: 1004
Keep it real
BTC-E is trustable, right?

I've done a little bit of BTC <-> LTC there and haven't had any issues... just a high withdraw fee on LTC (0.5)
legendary
Activity: 3038
Merit: 1032
RIP Mommy
This question was already asked in this thread, but I didn't find an answer.
Is this site a SCAM?
http://bcchanger.com/


The site is used by scammers for the most part, but the owner didn't create it to scam users.
vip
Activity: 1316
Merit: 1043
👻
BTC-E is trustable, right?
Kinda. They have a sour taste in my mouth for essentially accepting a premined bribe to list something called NovaCoins.
newbie
Activity: 5
Merit: 0
BTC-E is trustable, right?
newbie
Activity: 7
Merit: 0
How else do we get BTC in the UK?.. I got £400 of UKash and can't use it anywhere. :-(
legendary
Activity: 966
Merit: 1004
Keep it real
This question was already asked in this thread, but I didn't find an answer.
Is this site a SCAM?
http://bcchanger.com/


I would suggest not selling BTC for Paypal.
newbie
Activity: 9
Merit: 0
This question was already asked in this thread, but I didn't find an answer.
Is this site a SCAM?
http://bcchanger.com/
full member
Activity: 149
Merit: 100
newbie
Activity: 7
Merit: 0
hate paypal with a passion.  understandable.
sr. member
Activity: 322
Merit: 250
newbie
Activity: 54
Merit: 0
Too bad to hear that as I just want to find way to use paypal to buy my first btc. Seems like the best way for me to get it started is doing bank transfer.
newbie
Activity: 20
Merit: 0
But it would be really convenient for ppl to buy bitcoin that way though i know it's not really a good way.
newbie
Activity: 4
Merit: 0
This really shows the advantages of using BTC. a much more secure method of exchange for sellers. Thanks for posting!
newbie
Activity: 12
Merit: 0
However true this post is, it is still unfortunate. I funnel around 600$  weekly easy, into my paypal from online ventures, and since paypal is deemed shit, (ive gotten scammed on ebay, they are fucking cunts)   Ive switched to dwolla, which is semi better, but apparently reading some posts here it is not by much.
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