Topic: ****** Reduce the risk of PayPal by 99% - Suggested Donation: 1 BTC ****** (Read 13610 times)
June 15, 2015, 01:42:42 AM
Any recommendations for the paypal mycash activity? Got a buddy thats been doing great trading and got over $2k locked up. If theres a way to possibly prevent that....
June 12, 2015, 09:43:32 PM
i want to buy a small amount through paypal and i understand the risk of scammers on the buying end but if i send as a gift then im not covered by buyer protection and im worried that the seller could just not send the bitcoins and just be like "oh thanks for the donation, bye" how can i avoid the risk of scammers on the selling end?
March 29, 2015, 03:14:17 PM
Also one question for me. Is there any way how to recognize credit card payment instead of payment from Paypal balance? I have been using pp for a little bit now and luckily for me I have only encountered alright buyers. My false believe that gift payments are safe vanished now so would like to stay on the safe side. Also is there a monthly limit of accepting payments on pp?
March 29, 2015, 03:02:58 PM
Hello there. I'm a PayPal Fraud Prevention Specialist and I'll teach you all my tricks on how to stop getting scammed by accepting PayPal. I don't guarantee 100% but we will try for 99%! I don't charge for my services because I'd rather stop the scam then for you not to pay my fees and get scammed. But if you feel I did a good job, feel free to donate!
Suggested Donation: 1 BTC
1Q24Cwjo2oxuBLQKzhuncJ7jWx4Wd6bo61
Thanks!
Read my PayPal Virtual FAQ!
http://virtualfaqs.com/forum/paypal/574-paypal-virtual-faq.html
Most of the answers are already there, but most people have the attention span of a typical BTC trader so feel free to ask questions here.
Disclaimer: I prefer to deal in prevention techniques not after you're scammed as there's little you can do. So if you're not sure, please post here before trading.
Suggested Donation: 1 BTC
1Q24Cwjo2oxuBLQKzhuncJ7jWx4Wd6bo61
Thanks!
Read my PayPal Virtual FAQ!
http://virtualfaqs.com/forum/paypal/574-paypal-virtual-faq.html
Most of the answers are already there, but most people have the attention span of a typical BTC trader so feel free to ask questions here.
Disclaimer: I prefer to deal in prevention techniques not after you're scammed as there's little you can do. So if you're not sure, please post here before trading.
The link does not seem to work anymore. Can you please update it or point me towards the active location? Thank you
August 23, 2011, 03:37:27 PM
I got burned using pp a few weeks back never using them again for sales of btc
What if a 100% trustworthy person wanted to buy? Then you would sell. You need to gauge the trust of who you sell to when using PayPal. If you don't, you will get scammed.
August 22, 2011, 07:59:52 AM
I got burned using pp a few weeks back never using them again for sales of btc
August 21, 2011, 01:43:44 AM
Still helping!
August 12, 2011, 04:04:18 AM
Bump! Still saving ignorant sellers!
August 02, 2011, 08:45:05 PM
This was really useful, thanks FAQs. I am wondering if I join a mining pool that automatically pays my shares through paypal would be a danger. Could they send me whatever my proportions are and then later pull that back to their name?
What can I do to receive payment from pools like this, and then make sure I can not have the money taken later?
Is there a max time on how long someone can give money and then take it back, or can it be done any time?
What can I do to receive payment from pools like this, and then make sure I can not have the money taken later?
Is there a max time on how long someone can give money and then take it back, or can it be done any time?
It depends how they're paying you by PayPal.
PayPal disputes can be opened up to 45 days.
Bank transfers up to 60 days.
If credit card, it's 1 month to a year.
I'd ask for Mass Pay + a followup email from the sender about the service and how he was happy and won't dispute.... if that's one of the options. That's the safest legit way to receive money.
If you're worried about a mining pool not paying you, then get some information about who's running it. Names, addresses, phone numbers, reputation, background check. The more info you have, the more comfortable you will be. Do not blindly accept PayPal from strangers.
August 02, 2011, 05:16:58 PM
OK, its back up but still in developement (I'm a one man team) but I got time and it works lol.
August 02, 2011, 10:29:05 AM
b\Being safe with bitcoins is hard so far I've tried to buy something off this forum but the seller ended up being a scammer but I used escrow so I managed to save the coins and another seller has shipped the items to the wrong address it appears 
. Then I've been scammed twice on bitmarket for 200$. It wears on my patience. I should hire some bitcoin vigilantes.
. Then I've been scammed twice on bitmarket for 200$. It wears on my patience. I should hire some bitcoin vigilantes.If you sell on my site, I verify every single person for free to make sure they're not scammers. Link is in my sig. Even if you don't sell on Virtual FAQs, feel free to send people over for free verification.
Even when I sell with PayPal, I limit it to 1-4 BTC per week. I'm lucky that I don't need to sell a huge quantity by PayPal at once.
Oh and your gamerchicks website is down? Was curious about it. haha
oh crap the server just went down like yesterday. I hope its not broke! Anyways I'm having the NOC reboot it to see if it comes back online.
August 02, 2011, 07:52:33 AM
This was really useful, thanks FAQs. I am wondering if I join a mining pool that automatically pays my shares through paypal would be a danger. Could they send me whatever my proportions are and then later pull that back to their name?
What can I do to receive payment from pools like this, and then make sure I can not have the money taken later?
Is there a max time on how long someone can give money and then take it back, or can it be done any time?
What can I do to receive payment from pools like this, and then make sure I can not have the money taken later?
Is there a max time on how long someone can give money and then take it back, or can it be done any time?
August 02, 2011, 03:28:28 AM
b\Being safe with bitcoins is hard so far I've tried to buy something off this forum but the seller ended up being a scammer but I used escrow so I managed to save the coins and another seller has shipped the items to the wrong address it appears . Then I've been scammed twice on bitmarket for 200$. It wears on my patience. I should hire some bitcoin vigilantes.
. Then I've been scammed twice on bitmarket for 200$. It wears on my patience. I should hire some bitcoin vigilantes.If you sell on my site, I verify every single person for free to make sure they're not scammers. Link is in my sig. Even if you don't sell on Virtual FAQs, feel free to send people over for free verification.
Even when I sell with PayPal, I limit it to 1-4 BTC per week. I'm lucky that I don't need to sell a huge quantity by PayPal at once.
Oh and your gamerchicks website is down? Was curious about it. haha
August 01, 2011, 08:57:48 PM
b\Being safe with bitcoins is hard so far I've tried to buy something off this forum but the seller ended up being a scammer but I used escrow so I managed to save the coins and another seller has shipped the items to the wrong address it appears . Then I've been scammed twice on bitmarket for 200$. It wears on my patience. I should hire some bitcoin vigilantes.
. Then I've been scammed twice on bitmarket for 200$. It wears on my patience. I should hire some bitcoin vigilantes. August 01, 2011, 04:53:17 PM
hmm I have another user also putting in a dispute with paypal, claiming unauthorized account access. Anyway to tell paypal its for virtual goods? I'm trying to get my dwolla account working so I can just use mtgox lol. Thanks for the help.
Sure. In the dispute, you can issue a statement and say it was for virtual goods. Against unauthorized account access, you're most likely going to lose. You need to prove you delivered your intangible goods to the real account owner.
Unfortunately, your chances of winning are 1% if not less.
August 01, 2011, 02:03:32 PM
hmm I have another user also putting in a dispute with paypal, claiming unauthorized account access. Anyway to tell paypal its for virtual goods? I'm trying to get my dwolla account working so I can just use mtgox lol. Thanks for the help.
July 31, 2011, 02:23:45 AM
I sold some bitcoins on bitmarket.eu via paypal. Now paypal has put the funds on hold because
It lists reason as Inquiry by PayPal.
Paypal wants me to provide a tracking number. I'm not too sure how to handle this. The options I have to dispute it are.
Should I just tell paypal its for digital goods? or should I ship something to the buyer and give them that tracking info?
Quote
This payment has been selected for review and we have opened an investigation.
This is a security measure meant to protect you from problem transactions.
We have placed a temporary hold on the funds until the investigation is complete.
Please provide some additional information about this transaction.
Response deadline: Aug 4, 2011
This is a security measure meant to protect you from problem transactions.
We have placed a temporary hold on the funds until the investigation is complete.
Please provide some additional information about this transaction.
Response deadline: Aug 4, 2011
It lists reason as Inquiry by PayPal.
Paypal wants me to provide a tracking number. I'm not too sure how to handle this. The options I have to dispute it are.
Quote
I have not shipped the item and I would like to refund the payment.I can provide proof that the item was shipped through an approved shipper to the address on the Transaction Details page.
What information can you provide?What information can you provide?
I can provide online tracking information.I can upload or fax proof that the item was shipped.
I have refunded the payment for this transaction.None of these apply to me.
What information can you provide?What information can you provide?
I can provide online tracking information.I can upload or fax proof that the item was shipped.
I have refunded the payment for this transaction.None of these apply to me.
Should I just tell paypal its for digital goods? or should I ship something to the buyer and give them that tracking info?
There's a couple strategies for this.
1. You can put "Virtual Goods" in the shipping number. This about 70% success.
2. Ship something to the buyer. This about 90% success.
These will help you win against PayPal, but
Most likely this is moot because this guy scammed with credit card and going to chargeback.
So PayPal payments are sent directly to the seller on bitcoinmarket.eu huh? That must be the only exchange that still functions like that. Next time send your buyer over to virtualfaqs.com for free verification. I may be able to prevent this from happening. Good luck.
July 29, 2011, 03:51:21 AM
I sold some bitcoins on bitmarket.eu via paypal. Now paypal has put the funds on hold because
It lists reason as Inquiry by PayPal.
Paypal wants me to provide a tracking number. I'm not too sure how to handle this. The options I have to dispute it are.
Should I just tell paypal its for digital goods? or should I ship something to the buyer and give them that tracking info?
Quote
This payment has been selected for review and we have opened an investigation.
This is a security measure meant to protect you from problem transactions.
We have placed a temporary hold on the funds until the investigation is complete.
Please provide some additional information about this transaction.
Response deadline: Aug 4, 2011
This is a security measure meant to protect you from problem transactions.
We have placed a temporary hold on the funds until the investigation is complete.
Please provide some additional information about this transaction.
Response deadline: Aug 4, 2011
It lists reason as Inquiry by PayPal.
Paypal wants me to provide a tracking number. I'm not too sure how to handle this. The options I have to dispute it are.
Quote
I have not shipped the item and I would like to refund the payment.I can provide proof that the item was shipped through an approved shipper to the address on the Transaction Details page.
What information can you provide?What information can you provide?
I can provide online tracking information.I can upload or fax proof that the item was shipped.
I have refunded the payment for this transaction.None of these apply to me.
What information can you provide?What information can you provide?
I can provide online tracking information.I can upload or fax proof that the item was shipped.
I have refunded the payment for this transaction.None of these apply to me.
Should I just tell paypal its for digital goods? or should I ship something to the buyer and give them that tracking info?
July 19, 2011, 04:24:45 AM
If someone sold Bitbills (http://bitbills.com/) via PayPal and used some kind of certified mail service, would that allow them to accept PayPal payments for Bitcoins without getting scammed?
That reduces the chance of getting scammed, but it wouldn't stop all scams. Certified mail service would show it was received, but it's very difficult to prove what was actually received. Then on top of that you have to explain to investigators what Bit Bills are. Most likely they're not going to care and just rule for the buyer.
July 17, 2011, 10:45:18 PM
If someone sold Bitbills (http://bitbills.com/) via PayPal and used some kind of certified mail service, would that allow them to accept PayPal payments for Bitcoins without getting scammed?
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