Topic: Offering PayPal for Bitcoin? You're likely to be labeled a scammer - Read why - page 7. (Read 28868 times)
April 14, 2013, 04:41:56 PM
If the blockchain is competely public, people are still going to be able to work out who owns an address. From there anyone can see your transactions unless you make a complicated web of different addresses.
April 14, 2013, 04:04:41 PM
Don't trust all the suckcoin sites like Paypal.
April 14, 2013, 02:44:14 PM
That's a good valid point. Using blockchain, you can see if a payment went through even if your bitcoin client isn't up-to-date yet. I suppose you can use the online clients, but I think people will agree with me that they are not secure enough these days and to prone to hack attacks. However, people have to be very careful with their computers and how they are storing bitcoins. You loose a drive and it is "too bad". Back them up people and use alternate storage materials.
April 14, 2013, 01:50:37 PM
Isn't the risk of buying bitcoins with paypal the same risk as buying anything else with paypal? What is considered to be the safest way to do this other than going to someone in person and making sure you get the cash in hand?
There is no way of truly confirming delivery of bitcoins.
It's not true IMHO
If you ask the recipient to make a new empty address for your transfer, and after transaction check here:
http://blockchain.info that address you can
( to make a new empty address for your transfer is only for easier check
April 14, 2013, 08:51:25 AM
And sometimes it's easier to sell a good product when your buyer knows he can reverse the payments if necessary.
Not if you can't get the product back.
April 13, 2013, 11:27:43 PM
PayPal seems like a nightmare for sellers, but is pretty nice for buyers.
And sometimes it's easier to sell a good product when your buyer knows he can reverse the payments if necessary.
And sometimes it's easier to sell a good product when your buyer knows he can reverse the payments if necessary.
April 13, 2013, 08:44:17 PM
There was a good paypal for bitcoin operator, think he quit after getting ripped off too many times.
April 13, 2013, 06:53:12 PM
thank you for the useful information
April 13, 2013, 04:35:38 PM
F*ck PP and f*ck their fees ... really, we have a Bitcoin here, so no need for PP anymore.
April 13, 2013, 04:02:36 PM
I bought my first set of Bitcoins from a website with a credit card. That didn't last long but it was really easy. I placed a wire transfer after the recent dip a couple days ago and waited an hour while the teller filled out the form. I think it will take about 5 days and cost $30 for that too...
April 13, 2013, 02:57:48 PM
Could escrow services help this?
Unlikely, transactions through escrow could still be reversed.
What about ordering a physical product from a company? They can't take that back either. Or would the escrow service be responsible of the loss?
April 13, 2013, 02:22:09 PM
Makes sense
April 13, 2013, 02:14:24 PM
April 13, 2013, 10:03:27 AM
@Coincrazy have a link handy?
April 13, 2013, 09:43:47 AM
While I understand paypal, why is it so damn hard to get it via western union?
From where I am to get it into USA it takes Lmost 3 % commission and some bad exchange rates as well
I called local money gram and western union and was surprised by their rates ....both in the order of 3% for just a one way transfer
Unfortunately in Australia you're essentially limited to a verified mt gox account with wiretransfer, or a few other coin swapping services that run around the 6-7% rate and pretty bad exchange rate.
I've been trying to get cash into btc-e rather than mtgox, simply for the fact the buy price tends to be 5-10% lower.
That arbitrage is lost now
I've been posting a lot about it on my blogs
April 13, 2013, 09:19:00 AM
Paypal has ripped me off $800 before. Bitcoins never has.
April 13, 2013, 08:31:59 AM
While I understand paypal, why is it so damn hard to get it via western union?
From where I am to get it into USA it takes Lmost 3 % commission and some bad exchange rates as well
I called local money gram and western union and was surprised by their rates ....both in the order of 3% for just a one way transfer
Unfortunately in Australia you're essentially limited to a verified mt gox account with wiretransfer, or a few other coin swapping services that run around the 6-7% rate and pretty bad exchange rate.
I've been trying to get cash into btc-e rather than mtgox, simply for the fact the buy price tends to be 5-10% lower.
April 13, 2013, 04:18:00 AM
. Use alternates. There are entire threads here dedicated to various options.
Thanks for the answer
Could you please help me find those threads with alternatives / options
Regards
April 13, 2013, 03:38:36 AM
SAFE METHODS TO USE PAYPAL:
If you are THE SELLER, and you have ALREADY RECEIVED THE MONEY then it is SAFE TO SEND THE ITEM with PayPal.
...
If using PayPal and you are afraid the payment may be disputed, ALWAYS USE GIFT PAYMENTS. Gift payments CANNOT be disputed.
(...Lots of other BS)
If you are THE SELLER, and you have ALREADY RECEIVED THE MONEY then it is SAFE TO SEND THE ITEM with PayPal.
...
If using PayPal and you are afraid the payment may be disputed, ALWAYS USE GIFT PAYMENTS. Gift payments CANNOT be disputed.
(...Lots of other BS)
You cannot social engineer your way back into PayPal scamming by posting disinformation, sorry.
http://forums.watchuseek.com/f2/beware-paypal-gift-chargeback-fraud-will-defraud-sellers-784828.html
...and about a kajillion other Internet sources. Also, using gift payments for purchases is considered "fee avoidance" by PayPal, just one more reason to have your account frozen.
Forum users have already learned that it is you vs. the most sophisticated hackers and scam artists trying to defraud you out of Bitcoins. We are not talking Nigerian princes here, these are the ethic-less scum that get bank wires reversed after setting up fabricated bank accounts in rogue nation states, as supplemental income to their drug and human trafficking rings.
Offering to pay with PayPal? - few will take it; a forum search for "PayPal" tells potential recipients all they need to know.
Willing to take PayPal payments? - don't bother posting here about how smoothly it went for you until six months later.
April 13, 2013, 02:35:13 AM
HOW TO NOT BE SCAMMED IN THREE STEPS:
1) Trust no one
2) Use your brain
3) Don't transact unless you are 100% sure.
1) Trust no one
2) Use your brain
3) Don't transact unless you are 100% sure.
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