Wouldn't say Paypal is anti-Bitcoin, but maybe just overly cautious.
Paypal President has stated publicly that he is finds bitcoin "fascinating" and that they are thinking about including it as a funding option eventually.
http://tech.fortune.cnn.com/2013/05/23/why-paypal-is-bullish-on-bitcoin/
http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
http://thenextweb.com/insider/2013/04/24/paypal-president-is-fascinated-by-bitcoin-says-company-is-thinking-about-including-the-virtual-currency/
Topic: Paypal's Employee Policy on Bitcoin - page 3. (Read 13505 times)
snip
And the moral of the story is,
Pirate ALL the software! Or buy direct
Why do you need to be a licensed financial institution when Bitcoin isn't even a real currency?
PayPal is a US company and there are federal regulations about exchanges.
That being said, I refuse to use paypal.
Back before broadband was common, I use to make a little side money selling Linux CD's with official updates - described them as burned.
Then I had payments reversed even after proof of delivery.
PayPal explained it was against their policy to allow software to be sold on CDR and my web page clearly indicated I was.
Um, duh. And the buyer saw that too.
But OK, lesson learned, change the web page.
Then I bought Photoshop 5 and what arrived was a CDR with a warez code, seller claimed legit.
I tried to get refund. Clearly I should since it was both warez and a CDR, no?
No. Seller had proof of delivery. Since it wasn't described as either on his web site, my only recovery option was civil suit.
PayPal lost me as a customer forever, their system is clearly designed to allow crooks to rip off honest people in both directions.
Now granted, with BitCoin the warez dealer still would have gotten me, but the person buying my Linux CDs would not.
Why do you need to be a licensed financial institution when Bitcoin isn't even a real currency?
I wonder how long before eBay stops sellers saying that they accept bitcoin as payment in their product description...
I believe they've been trying to do this but don't really have a system to catch them all efficiently, yet. In time, I don't doubt that posting anything about BTC in your listings will get them removed after quick review of a staff member.
Guess we'll have to resort to using code names.
paypal has always been a Bitcoin hater, remember coinpal.
In the early days of Bitcoin you did not have to be a money service provider and Bitcoin was being sabotaged by paypal, so what they say now it is just an excuse for what they been doing all along.
In the early days of Bitcoin you did not have to be a money service provider and Bitcoin was being sabotaged by paypal, so what they say now it is just an excuse for what they been doing all along.
Paypal is a bitcoin hater
dont think ebay can outright ban bitcoins as payment for auctions... would have antitrust written all over it since they own paypal... but they can discourage it as they've discouraged check/MO payments
Boycott paypal they are scammers.
I wonder how long before eBay stops sellers saying that they accept bitcoin as payment in their product description...
I believe they've been trying to do this but don't really have a system to catch them all efficiently, yet. In time, I don't doubt that posting anything about BTC in your listings will get them removed after quick review of a staff member.
Instead of mentioning 'bitcoin' or 'btc', simply post your bitcoin address. "I accept payments to: 1bbbbbbbbbbbbbbbb".
See if they do a regex to catch those ads!
If you get lucky or they just use filters they will not cath those adds.
In this case, kindly ensure that the merchant isn’t pre-selling and actually has the equipment ready to deliver.
I lol'ed.
I lol'ed.
I wonder how long before eBay stops sellers saying that they accept bitcoin as payment in their product description...
I believe they've been trying to do this but don't really have a system to catch them all efficiently, yet. In time, I don't doubt that posting anything about BTC in your listings will get them removed after quick review of a staff member.
Instead of mentioning 'bitcoin' or 'btc', simply post your bitcoin address. "I accept payments to: 1bbbbbbbbbbbbbbbb".
See if they do a regex to catch those ads!
I forgot ebay+paypal time ago. They take like 10% plus stupid conditions.
You can sell there to advertise your website, and after take your customers to your shop.
You can sell there to advertise your website, and after take your customers to your shop.
I wonder how long before eBay stops sellers saying that they accept bitcoin as payment in their product description...
I wonder how long before eBay stops sellers saying that they accept bitcoin as payment in their product description...
I believe they've been trying to do this but don't really have a system to catch them all efficiently, yet. In time, I don't doubt that posting anything about BTC in your listings will get them removed after quick review of a staff member.
I've heard they even had issues with people selling miners.. But I guess they still need to train a lot of staff lol..
I like how they try to put it lightly, and yet we all know they're a gaggle of dickheads. Seems consistent with what they've been saying, though.
Great advice, PayPal. Not that you'd be biased, heavens no, being the king of the chargeback and freezer of random accounts.
Quote
Please note – All Bitcoin-related e-commerce should be considered high risk.
Great advice, PayPal. Not that you'd be biased, heavens no, being the king of the chargeback and freezer of random accounts.
We knew this, it is in the TOS of paypal.
Saw this on reddit:
http://www.reddit.com/r/Bitcoin/comments/1g23w2/paypal_email_to_employees_policy_regarding_bitcoin/
Any thoughts?
http://www.reddit.com/r/Bitcoin/comments/1g23w2/paypal_email_to_employees_policy_regarding_bitcoin/
Quote
From a friend in Paypal, got this in an email today:
Clarification on Bitcoin merchants using PayPal 6/10/2013 8:58 AM (-05:00) Impacted market: EMEA
We’ve received a number of escalations regarding Bitcoin merchants using PayPal. Any merchant seeking to sell or buy Bitcoins with PayPal is operating as a financial exchange. Please be aware that Financial Exchange merchants are prohibited unless pre-approved by PayPal. This process involves getting VP approvals from both Risk and Compliance, and only licensed financial institutions are considered.
Merchant contacts
If we receive contacts on Bitcoin sales, instead of escalating further, kindly advise customers that they need to be licensed financial institutions to be considered for approval. However, there are some acceptable cases, as outlined below.
Acceptable Bitcoin business models for PayPal
Merchants with a business model that is related to Bitcoin but does not sell Bitcoins may be acceptable. For example: Merchants offering Bitcoin education packages Merchants selling computer hardware designed specifically for mining Bitcoins. In this case, kindly ensure that the merchant isn’t pre-selling and actually has the equipment ready to deliver.
Please note – All Bitcoin-related e-commerce should be considered high risk.
Clarification on Bitcoin merchants using PayPal 6/10/2013 8:58 AM (-05:00) Impacted market: EMEA
We’ve received a number of escalations regarding Bitcoin merchants using PayPal. Any merchant seeking to sell or buy Bitcoins with PayPal is operating as a financial exchange. Please be aware that Financial Exchange merchants are prohibited unless pre-approved by PayPal. This process involves getting VP approvals from both Risk and Compliance, and only licensed financial institutions are considered.
Merchant contacts
If we receive contacts on Bitcoin sales, instead of escalating further, kindly advise customers that they need to be licensed financial institutions to be considered for approval. However, there are some acceptable cases, as outlined below.
Acceptable Bitcoin business models for PayPal
Merchants with a business model that is related to Bitcoin but does not sell Bitcoins may be acceptable. For example: Merchants offering Bitcoin education packages Merchants selling computer hardware designed specifically for mining Bitcoins. In this case, kindly ensure that the merchant isn’t pre-selling and actually has the equipment ready to deliver.
Please note – All Bitcoin-related e-commerce should be considered high risk.
Any thoughts?
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