I thought you couldn't reverse gifts?
It wasn't a gift though. The buyer claimed it was a gift, but both the buyer and seller knew that this was a lie.so what?
once you send a gift. you can't revers it... i think!
Topic: [Q] Selling bitcoins using PayPal - What's the risk? - page 2. (Read 4325 times)
so what?
once you send a gift. you can't revers it... i think!
I thought you couldn't reverse gifts?
It wasn't a gift though. The buyer claimed it was a gift, but both the buyer and seller knew that this was a lie. To be a gift, the giver must have intended to transfer it to the recipient for no compensation -- this is called "donative intent". Since there was no donative intent, legally there was no gift. The transfer claiming to be a gift was fraudulent and can be reversed.
I thought you couldn't reverse gifts?
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the buyer can reverse the payment whenever he likes?
More or less yesAlso trading virtual currencies and things like bitcoin is a bit against paypal rules
-Seller sold 10 BTC to some guy
-The buyer paid 110$ as a PayPal gift
-The seller withdrew the PayPal funds to his local bank(takes about 3 days)
Is there some hidden risk in this? the buyer can reverse the payment whenever he likes?
-The buyer paid 110$ as a PayPal gift
-The seller withdrew the PayPal funds to his local bank(takes about 3 days)
Is there some hidden risk in this? the buyer can reverse the payment whenever he likes?
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