Paypal screw up again [Bitcoin wins]

FattyMcButterpants

sr. member

Activity: 448

Merit: 250

Quote from: evok3d on November 01, 2014, 02:22:25 PM

Quote from: RappelzReborn on October 23, 2014, 12:41:05 PM

Again , Paypal proove that they don't know what they are doing . I'am planning to let paypal go , and just trade my money to Bitcoins.
this image explains all ... now kids can just chargeback after 4-5 months . GG *facepalm*

LOL

I have lost so much money to these idiots. How can they allow so much fraud to be claimed through their system without ever question the integrity of their platform. You dont extend the time, you fix the issue!

Well the issue is that you have two sets of people that need to be protected, the buyer and the seller. The buyer has much more power as many sellers are competing for the buyer's business.

The seller also has the option to take legal action against the buyer in the event that he files a dispute that is fraudulent.

Some1else0

member

Activity: 111

Merit: 10

180 days is way too long, 45 days was fine in my opinion.

belk

newbie

Activity: 56

Merit: 0

Is there no truce between paypal and btc anymore?

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: MF Doom on October 23, 2014, 01:42:47 PM

wow, just wow. I know I always breathe a sigh of relief after 45 days if I sell on eBay, this makes me really scared to keep using ebay/paypal

bingo i won't use them for other dramas too
i also had family who worked for ebay and was a regional rep of ebay in western canada.. i know their BS lol

Paypal and ebay are garbage period.
avoid at all costs or you will see why eventually lol

bornil267645

sr. member

Activity: 406

Merit: 250

AltoCenter.com

Paypal is just a lame excuse for being a money exchange. I really hope Bitcoin stands up to this f*****s someday and we will get to dump it. Angry

bbit

legendary

Activity: 1330

Merit: 1000

Bitcoin

So it begins it seems! Paypal is royally f'in up!

evok3d

sr. member

Activity: 534

Merit: 250

The Protocol for the Audience Economy

Quote from: RappelzReborn on October 23, 2014, 12:41:05 PM

Again , Paypal proove that they don't know what they are doing . I'am planning to let paypal go , and just trade my money to Bitcoins.
this image explains all ... now kids can just chargeback after 4-5 months . GG *facepalm*

LOL

I have lost so much money to these idiots. How can they allow so much fraud to be claimed through their system without ever question the integrity of their platform. You dont extend the time, you fix the issue!

moko666

hero member

Activity: 635

Merit: 500

BlasterKVs the king of xbox modding

bitcoin is a winner and will forever against paypal
paypal just want to freeze accounts and take their fund
this is how their business growing
bitcoin is best

RappelzReborn

hero member

Activity: 686

Merit: 500

Quote from: rrock on October 31, 2014, 01:10:34 AM

paypal is not perfect enough, but so does BTC exchange.

How is that ? for BTC . You should simply use a trusted Escrow and you are fine Tongue

rrock

newbie

Activity: 25

Merit: 0

paypal is not perfect enough, but so does BTC exchange.

ANTIcentralized

full member

Activity: 210

Merit: 100

Quote from: MF Doom on October 28, 2014, 02:49:25 PM

Quote from: 2double0 on October 28, 2014, 02:34:04 PM

Quote from: Come-from-Beyond on October 23, 2014, 12:55:50 PM

Quote from: LiteCoinGuy on October 23, 2014, 12:48:51 PM

ROFL! these fucking motherfuckers.

man, one day i hope we dont need them anymore.

Explain, please. As a buyer I want to be protected by ability to get the money back if I'm not satisfied with the quality of a purchase. Your post looks illogical to me.

I occasionally sell on ebay and this pisses me off. ESP. if I am selling intangible good such as giftcodes. That means I will have 180 days to panic about losing my income from intangible sold goods.

The thing that sucks about ebay and paypal is they dont investigate claims very well. They look to their policies, and whoever is "right" accordign to their policies wins. They don't actually investigate and make logical decisions.

Well their policies are known to both the buyer and the seller ahead of time, so they can take a set of facts and reasonably conclude which party will be sided with.

Also this way takes away the judgment of low level employees. If you take away these policies then you have the potential for employees making an incorrect conclusion or two different employees making two different conclusions based on the same facts - this would increase the number of scams because it would increase the chance a scammer would succeed

jackbox

legendary

Activity: 1246

Merit: 1024

They are doing it because of pressure from Visa and Mastercard. The standard time for filing a chargeback on a credit card account is 180 days from the date of the statement the charge appeared on. Since PayPal accepts credit cards, and is one of the largest credit card processors in the world they had to come in line with standard industry chargeback standards.

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

I thought 45 days period was longer than necessary. Now it stretched to 180 days?

So let me understand this:
I can buy whatever I want, use it for 5 months and can return it to get my money back?

Right... now it makes sense to buy through PayPal, but NOT SELL.

mullerdan

full member

Activity: 154

Merit: 100

Paypal is a joke !

MF Doom

hero member

Activity: 560

Merit: 500

Quote from: 2double0 on October 28, 2014, 02:34:04 PM

Quote from: Come-from-Beyond on October 23, 2014, 12:55:50 PM

Quote from: LiteCoinGuy on October 23, 2014, 12:48:51 PM

ROFL! these fucking motherfuckers.

man, one day i hope we dont need them anymore.

Explain, please. As a buyer I want to be protected by ability to get the money back if I'm not satisfied with the quality of a purchase. Your post looks illogical to me.

I occasionally sell on ebay and this pisses me off. ESP. if I am selling intangible good such as giftcodes. That means I will have 180 days to panic about losing my income from intangible sold goods.

The thing that sucks about ebay and paypal is they dont investigate claims very well. They look to their policies, and whoever is "right" accordign to their policies wins. They don't actually investigate and make logical decisions.

promojo

sr. member

Activity: 420

Merit: 250

I do understand the concerns from a seller perspective. They are there to make money and sell product. Not take something back up to 180 days later. I dunno... Maybe they are trying to get an edge for the consumer instead of the seller here.

2double0

legendary

Activity: 2618

Merit: 1105

Quote from: Come-from-Beyond on October 23, 2014, 12:55:50 PM

Quote from: LiteCoinGuy on October 23, 2014, 12:48:51 PM

ROFL! these fucking motherfuckers.

man, one day i hope we dont need them anymore.

Explain, please. As a buyer I want to be protected by ability to get the money back if I'm not satisfied with the quality of a purchase. Your post looks illogical to me.

I occasionally sell on ebay and this pisses me off. ESP. if I am selling intangible good such as giftcodes. That means I will have 180 days to panic about losing my income from intangible sold goods.

RappelzReborn

hero member

Activity: 686

Merit: 500

Quote from: MF Doom on October 28, 2014, 01:54:01 PM

Quote from: RappelzReborn on October 28, 2014, 01:43:18 PM

Quote from: promojo on October 28, 2014, 01:29:59 PM

Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.

Why not ? you can simply use Escrow in Bitcoin.
in Paypal even using Middleman won't help lol ... it's 180 freaking days man, It may protect the buyer very well but the seller is screwed up totally Shocked

What are some transparent, reputable escrow companies? I know there are "trusted" individuals on here, but really how does that translate to mass usability?

I don't know any (but maybe they will be) , I'am speaking about trustable members .
Still... Bitcoin is a couple of minuts transaction . once you send the money it's done, no 180 days for being/becoming ultimate paranoid . you don't sleep afraid at night Wink

and that's just my opinion

MF Doom

hero member

Activity: 560

Merit: 500

Quote from: RappelzReborn on October 28, 2014, 01:43:18 PM

Quote from: promojo on October 28, 2014, 01:29:59 PM

Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.

Why not ? you can simply use Escrow in Bitcoin.
in Paypal even using Middleman won't help lol ... it's 180 freaking days man, It may protect the buyer very well but the seller is screwed up totally Shocked

What are some transparent, reputable escrow companies? I know there are "trusted" individuals on here, but really how does that translate to mass usability?

promojo

sr. member

Activity: 420

Merit: 250

Quote from: RappelzReborn on October 28, 2014, 01:43:18 PM

Quote from: promojo on October 28, 2014, 01:29:59 PM

Let`s be real here.... If we are making purchases (especially large ones) - there should be buyer protection. I don`t think Bitcoin is winning in this case... IMHO.

Why not ? you can simply use Escrow in Bitcoin.
in Paypal even using Middleman won't help lol ... it's 180 freaking days man, It may protect the buyer very well but the seller is screwed up totally Shocked

True.... What escrow services are available to the average joe with ease of use right now?

Topic: Paypal screw up again [Bitcoin wins] (Read 4616 times)