We're launching a new marketplace in order to fulfill the growing need of having the opportunity to perform BitCoin-Paypal exchange marketplace. We employ direct peer-to-peer Paypal transactions between marketplace members with delivery confirmations sent to marketplace engine by Paypal. that Yes, it's not guaranted that the person you deal with won't want to scam you. No one could get such a guarantee ever from anywhere. Instead, we guarantee that the deal will be either fulfilled properly by both parties or will not happen at all. We also provide our members with detailed information on each party involved so 'go/no-go' decision for a partucular deal should be an easy one.
We did our best to keep fees as low as possible - 0.5% average for the transaction. We collect 1% fee for Buy Limit orders and we let correspondent Sell Market orders to run with 0% fee.
Marketplace is just recently started live and will continue to evolve, improving and extending trading options offered. We've decided to run as invitation-only, so should you be intrested in joining in - contact me here via PM or our support team via 'contact us' link. Kindly be ready to provide proof of trustworthness as a BitCoin trader.
Marketplace home topic https://bitcointalksearch.org/topic/otcexchangenet-automated-paypal-btc-marketplace-based-on-p2p-concepts-44031
Topic: Recent Events At Bitcoin Market (Read 26159 times)
So why can we not delete out Paypal address's from our accounts?
Maybe I just don't see how, but every time I try I get a 'no input' error when trying to clear out the payment processor.
Maybe I just don't see how, but every time I try I get a 'no input' error when trying to clear out the payment processor.
just overwrite it with a fake email
no idea whats up with DwDolla, he has been MIA since june 9th.
So why can we not delete out Paypal address's from our accounts?
Maybe I just don't see how, but every time I try I get a 'no input' error when trying to clear out the payment processor.
Maybe I just don't see how, but every time I try I get a 'no input' error when trying to clear out the payment processor.
Yea "currency exchange" definitely needs to be revised in their ToS.
For this reason, I think PayPal is stopping BTC transactions and not other virtual good currencies. If BTC was game currency, they wouldn't care and just take your transaction fees.
For this reason, I think PayPal is stopping BTC transactions and not other virtual good currencies. If BTC was game currency, they wouldn't care and just take your transaction fees.
you cannot directly infer from Paypal's ToS that virtual exchanges are off-limits, they just mention currency exchanges (which must be meant to avoid PP use on Forex sites and the like)
PayPal is Second Life's ONLY payment processor and it's also acceptable at the VirWox exchange, if virtual exchanges were so forbidden you would imagine that at least Linden Labs would have changed their deposit/withdrawal system, no?
PayPal is Second Life's ONLY payment processor and it's also acceptable at the VirWox exchange, if virtual exchanges were so forbidden you would imagine that at least Linden Labs would have changed their deposit/withdrawal system, no?
Thank god Bind doesn't accept PayPal for Crystal Meth on Silk Road
I do not sell Crystal Meth on Silk Road.
Its stated very clearly in paypals acceptable use policy that you must not use paypal for currency exchanges.
https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=ua/AcceptableUse_full&locale.x=en_US
That means if you've used paypal in any way connected to currency exchanges (even virtual currency, as confirmed by paypal accounts getting locked for purchasing WoW gold) it's likely to get you in trouble somewhere down the line.
https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=ua/AcceptableUse_full&locale.x=en_US
That means if you've used paypal in any way connected to currency exchanges (even virtual currency, as confirmed by paypal accounts getting locked for purchasing WoW gold) it's likely to get you in trouble somewhere down the line.
Thank god Bind doesn't accept PayPal for Crystal Meth on Silk Road
It is not only fraudulent buyers you have to worry about.
You also have to worry about paypal taking in upon themselves to cancel and reverse transactions, which is already ocurring. Heck, even if you gift it, paypal can cancel and reverse it even if the buyer doesnt want it cancelled or reversed.
On a side note, I find it ironic and mildly amusing that people are crying about the fraud and doing so much to attempt to prevent fraud, yet they condone, promote, and suggest comitting fraud in trying to curcumvent the paypal rules.
Anyone trying to use paypal who knows their rules, deserves exacty what outcome paypal decides on based on their rules, in my humble opinion.
You also have to worry about paypal taking in upon themselves to cancel and reverse transactions, which is already ocurring. Heck, even if you gift it, paypal can cancel and reverse it even if the buyer doesnt want it cancelled or reversed.
On a side note, I find it ironic and mildly amusing that people are crying about the fraud and doing so much to attempt to prevent fraud, yet they condone, promote, and suggest comitting fraud in trying to curcumvent the paypal rules.
Anyone trying to use paypal who knows their rules, deserves exacty what outcome paypal decides on based on their rules, in my humble opinion.
Bind you are a negative, suspicious git. The owner of bitcoinmarket never once tried to convince anyone to use paypal or break their terms of service, he put paypal up as an option and it was a very valuable option for many of us. You have no evidence whatsoever to support your claim that it was conniving on the part of bitcoinmarket. Of course bcm made money from the transactions, thats how society operates, you provide a service and you get paid for it. You obviously dont run a business like a lot of us here on this forum do.
+1
It's not Dustin
it's not even paypal.
It's a few bad actors.
What it comes down to is that there were scammers using paypal and their TOS to their advantage by stating that they never authorized the transaction or some other claim and PP sides with the buyer.
I used PP on BCM, I bought some coins from numerous sellers.
The only nefarious stuff going on is with the PP buyers and/or their accounts.
This.
We would have the same problems with credit card payments, personal checks, etc. Anyone can fraudulently claim they didn't authorize a transaction, or actually steal credentials in which case the legitimate owner rightly disputes the transaction.
Online vendors especially have been dealing with this issue for quite a while. The current bitcoin exchanges aren't nearly as robust nor do they have the tools to investigate/enforce/prevent this type of fraud compared to other long standing online commerce. This is essentially commodity that can't be tracked being sent between addresses that can't be verified to be associated with relatively anonymous parties that wants to buy or sell. Its the digital equivalent of cash in the mail. Until there are trusted exchanges who actually have the ability to back their assertions of trust with something of value BTC related transactions will be the easy target for internet scammers.
Although I was burned on a couple of transactions, it was <10% of my bitcoin transactions over the last couple of weeks. I continue to trade, cautiously, and I hope others will do the same. This is an emerging market and its up to everyone to educate themselves on the risks of their transactions and conduct business accordingly. Providing relative safety for transactions has value and some have already started to attempt to provide this with varying success.
Bind you are nuts.
Do you at least even knew the old site? What went with Paypal and Jed (Mt.Gox's former owner)? The pain in the ass Paypal has being so far, the paypal articles about bitcoin? Newcomers may be caught by PP insanity, but the older users are well aware of what is it.
Regardless it, you come with lawyer BS chick-chat,and I'd been trading for PP for ages now without any issue. This because;
a) The community was smaller and get burned would cause more damage;
b) Bitcoin was way cheaper
Like anything else, PP itself can be ok for low transactions, but if the buyer is a scammer it gives him leverage; still the main issue is the buyer to be a scammer.
Regardless it, you come with lawyer BS chick-chat,and I'd been trading for PP for ages now without any issue. This because;
a) The community was smaller and get burned would cause more damage;
b) Bitcoin was way cheaper
Like anything else, PP itself can be ok for low transactions, but if the buyer is a scammer it gives him leverage; still the main issue is the buyer to be a scammer.
I am posting here not to be a pretend lawyer, but to advise people to shy away from trust services who have shown no regard for the protection or safely of their customers, and offers no reimbursements when, through that trust services own fault and apathy, the customer gets burned.
Yes my posting history is low but I am already listed as a reputable trader in the Marketplace > List of honest traders.
Yes my posting history is low but I am already listed as a reputable trader in the Marketplace > List of honest traders.
I do know the history of BCM. I have successfully traded on BCM. By him placing that other Paypal option on the website and choosing to act as an escrow service for it without advising people of the known risks, he approved its use, condoned its use, and advised its use.
How do you define "well known"?? The risks were NEVER displayed on the BCM website. Were you born with this knowledge? Of course not.
You trust the person you are doing business with. BCM is a trust service. Dwdollar violated that trust and all he says is sorry instead of fixing his mistake. Instead, he screws the customer who lost out becasue of him and his service. Thats the facts.
I agree paypal is certainly the most convenient, but I think we define the term "best" differently.
To me the term "best" in regrds to online financial transaction are inclusive of safe, fast, friendly, and secure.
Paypal is NOT safe, friendly, nor secure in regards to any btc transactions, although it certainly is fast.
I disagree with everything you said but offer nothing in return to dispute it in the spirit of your posting history. How do you define "well known"?? The risks were NEVER displayed on the BCM website. Were you born with this knowledge? Of course not.
You trust the person you are doing business with. BCM is a trust service. Dwdollar violated that trust and all he says is sorry instead of fixing his mistake. Instead, he screws the customer who lost out becasue of him and his service. Thats the facts.
I agree paypal is certainly the most convenient, but I think we define the term "best" differently.
To me the term "best" in regrds to online financial transaction are inclusive of safe, fast, friendly, and secure.
Paypal is NOT safe, friendly, nor secure in regards to any btc transactions, although it certainly is fast.
I will say though you've certainly come to the wrong place to play pretend lawyer.
What Dwdollar suggestion?!
If you don't know the history of BCM why you come here to bash it? It was never a suggestion and risks were well known and advised.
Too bad PP remains as the best thing to buy BTC from the real world (unless you live on US, but NOT the whole world lives at US).
If you don't know the history of BCM why you come here to bash it? It was never a suggestion and risks were well known and advised.
Too bad PP remains as the best thing to buy BTC from the real world (unless you live on US, but NOT the whole world lives at US).
I do know the history of BCM. I have successfully traded on BCM. By him placing that other Paypal option on the website and choosing to act as an escrow service for it without advising people of the known risks, he approved its use, condoned its use, and advised its use.
How do you define "well known"?? The risks were NEVER displayed on the BCM website. Were you born with this knowledge? Of course not.
You trust the person you are doing business with. BCM is a trust service. Dwdollar violated that trust and all he says is sorry instead of fixing his mistake. Instead, the customer lost out because of him and his service. Thats the facts.
I agree paypal is certainly the most convenient, but I think we define the term "best" differently.
To me the term "best" in regrds to online financial transaction are inclusive of safe, fast, friendly, and secure.
Paypal is NOT safe, friendly, nor secure in regards to any btc transactions, although it certainly is fast.
What Dwdollar suggestion?!
If you don't know the history of BCM why you come here to bash it? It was never a suggestion and risks were well known and advised.
Too bad PP remains as the best thing to buy BTC from the real world (unless you live on US, but NOT the whole world lives at US).
If you don't know the history of BCM why you come here to bash it? It was never a suggestion and risks were well known and advised.
Too bad PP remains as the best thing to buy BTC from the real world (unless you live on US, but NOT the whole world lives at US).
Bind, some things you do not understand.
And if BCM resumes PP support, I will resume using it. I have no other option.
And if BCM resumes PP support, I will resume using it. I have no other option.
I understand completely.
If you choose those risks that is one thing.
But if you do it without knowledge of that risk at BitCoinMarket's suggestion, then its quite another.
Bind, some things you do not understand.
And if BCM resumes PP support, I will resume using it. I have no other option.
And if BCM resumes PP support, I will resume using it. I have no other option.
The owner ... put paypal up as an option and it was a very valuable option for many of us.
and its against paypal terms of service ... it should never had been an option suggested by bitcoinmarket to begin with knowing they would terminate sales ... additionally bitcoinmarket never stated using paypal was against there tos when he knew full well it was agains the payal tos, which is why bitcoinmarket specifically chose not to perform those transactions itself, while never advising their clients they were suggesting it to that it was indeed against the paypal tos ... I believe bitcoinmarket holds a fiduciary responsibility and liability here.
what is Paypal's issue with it? I presently have some open cases with Paypal's large business engagement ghosts trying to find answers to these very things. So far they have been useless, but I'm persisting.
We can speculate until the cows come home, but the fact remains its against the tos. If people did not know it was against the tos we must ask whos fault it is then. The user who lost because they did not read the tos daily, or the one who suggested its use ? Or the ones who knew but went ahead anyway and took a chance. You wont win a paypal dispute concerning bitcoins. Its automatic refund.
Yup, got scammed by b4rrydoyle (5184) too. It's just 20 BTC but still... Hopefully dwdollar can publish the payout address for those scammers so we can start collecting all addresses they're using and start to track them.
How are you going to prove you got scammed and didnt receieve the funds without someone "trusting you" and your word without any official confirmation from paypal? Alterable text or screen shots? Your good word
I know there were new people who didn't fully understand the risks involved. I'm sorry about that. I will make it very explicit if I continue with PayPal.
Thank you for admitting you liability and responsibility by your failure to advise your members that the conduit for exchange you suggest by placing on your site is 100% untrustable, just so you can make a profit.
... yet he is not taking the moral and ethical high road and proper reputable business strategy by refunding your money or bitcoins ...
He might as well be saying, "... sorry folks I caused you to get ripped off, but oh well thats the breaks ..."
My oh my - what a wonderful way to run a business and add reputation to the BitCoin system. /sarcasm
Until he does start acting like a real reputable business and refunds peoples losses caused by him, please avoid dwdollar and BitCoinMarket at all costs. He doesnt care about you or the BitCoin System ... he cares only about the BitCoins and cash he can skim off of you. Please use a reputable exchange.
I won't waste my time with trolls, but I know there were new people who didn't fully understand the risks involved. I'm sorry about that. I will make it very explicit if I continue with PayPal. The whole point of having multiple currency pairs is to allow the market to determine the inherent risk involved with each one.
Here are the withdrawing addresses:
5806 - Never withdrew (siphoned through trades)
5810 - 17tvqFtxmqEk1dHkp1SPZ1xhqVJytgqfQf
5184 - 12JuxerBKaZqj1Byyxfi1a5uSPiT3Ueso3
6038 - 1Ez9Ey6D2ubgroSirbMHx8gGhqeZdjqg31
Here are the withdrawing addresses:
5806 - Never withdrew (siphoned through trades)
5810 - 17tvqFtxmqEk1dHkp1SPZ1xhqVJytgqfQf
5184 - 12JuxerBKaZqj1Byyxfi1a5uSPiT3Ueso3
6038 - 1Ez9Ey6D2ubgroSirbMHx8gGhqeZdjqg31
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