Author

Topic: Quick tip about Paypal trades (Read 149 times)

jr. member
Activity: 71
Merit: 1
November 20, 2018, 03:05:02 PM
#2
But how can you escrow this transaction , explain to me
if it makes sense and you find a trusted member that will agree to a paypal i'll risk and do it with you.

just posted about this issue a few min ago
https://bitcointalksearch.org/topic/for-those-who-are-looking-for-ppskrillneteller-to-btc-5072749

sr. member
Activity: 938
Merit: 452
Check your coin privilege
November 20, 2018, 10:43:17 AM
#1

Yes, Paypal is bad, chargebacks, reversible transactions, all of that you already know.

What most people don't know, is the other side of the story. Paypal isn't just bad because the sender can charge back, it's bad because Paypal itself is a centralised biased company.
I'm trying to buy some btc using paypal and had to turn down 3 people because they wouldnt use an escrow.

When you send paypal balance to someone, and they decide to scam you, you're as handtied as anyone in trying to get your money back. "Oh you can just chargeback", no. You can't just chargeback, the receiver can instantly withdraw the money to his card, to his bank, and you're stuck spending more than two weeks dragging a case through paypal support because the receiver took your balance and your coins. This is from experience, I ONLY got the money back because the other person was a serial scammer pulling a massive exit, and his word was worth less than mine from so many chargebacks on his account (which I'm sure was disabled with negative balance), while Paypal took my side because I never raised a support case before.

So yes, for everyone selling btc, theres a long risk of chargeback for up to 2 months, which is understandable, but that doesnt mean you can leverage that risk to claim priority. Trust comes first, both ways. Stay safe.
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