****** Reduce the risk of PayPal by 99% - Suggested Donation: 1 BTC ****** - page 2.

virtualfaqs

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Quote from: Alex Beckenham on July 13, 2011, 11:30:26 PM

Quote from: virtualfaqs on July 13, 2011, 11:26:07 PM

I still don't want to mention it to them as it is a competing online currency.

PayPal is not a currency, any more than Visa or Mastercard are currencies.

Ok let me issue a correction. I still don't want to mention it to them as bitcoin is an emerging online payment method that PayPal might see as competition.

Alex Beckenham

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Quote from: virtualfaqs on July 13, 2011, 11:26:07 PM

I still don't want to mention it to them as it is a competing online currency.

PayPal is not a currency, any more than Visa or Mastercard are currencies.

virtualfaqs

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Quote from: mc_lovin on July 11, 2011, 07:14:16 AM

read this for my way to guarantee proof of bitcoin transaction.

First there's no guaranteed proof. How does someone know the video wasn't tampered with? Credit card companies probably have no idea how bitcoin works so your screenshots or vides are going to be completely meaningless in showing delivery. There's no personal info attached to a bitcoin address. You could show a couple emails but at the end they will still be skeptical. The more you explain bitcoins to a chargeback investigation, the more it sounds like a scam. So your emphasis should be prevention and not post-sale.

Also although I'm pretty sure PayPal doesn't care about buying/selling bitcoin on a small scale, I still don't want to mention it to them as it is a competing online currency.

mc_lovin

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www.bitcointrading.com

read this for my way to guarantee proof of bitcoin transaction.

virtualfaqs

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bump!

virtualfaqs

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Quote from: ryannathans on June 29, 2011, 07:06:40 PM

What if the buyer is told to pay and send money as a "gift".

How is it reversible then?

Easy you can do a gift payment by credit card or unauthorized dispute. Contrary to popular belief, just asking for a gift payment, only stops SNAD and did not receive disputes. No decent PayPal scammer uses those tactics. PayPal may also step in and say, "Looks like a hacked PayPal account. Let's reverse this illegitimate transaction." That will be 1 BTC! Cheesy

Ok next question.

ryannathans

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What if the buyer is told to pay and send money as a "gift".

How is it reversible then?

virtualfaqs

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Bumppity bump!

virtualfaqs

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Quote from: BitCoinsForGold on June 25, 2011, 08:48:42 PM

I have never trusted paypal since over 5 years ago when i sold some online gold for ultima online. I sold this guy about 20 million gold, and he ended up pulling the "take delivery and reverse" course.

I ended up losing the dispute and my money, and never felt comfortable selling game gold again.
Which is sad, i enjoyed doing that as a hobby

This is exactly why I started Virtual FAQs. New MMORPG sellers don't know how to deal with PayPal scammers. I try to stop this by verifying every person before they're allowed to trade on my forums.

Quote from: dank on June 26, 2011, 02:49:41 AM

I have a question as well. Would it be feasible for a scammer to create a PayPal account, conduct a couple of transactions and withdraw the money before they are able to dispute it? Would the buyer be able to get their money back or is it gone for good?

Nope if the buyer issues a dispute, the seller's account is frozen. Bank transfers are reversed. Even if the money reaches the seller's bank account, there used to be stories about how PayPal was able to take money back from the seller. I'm not sure if they're still allowed to do this. There's conflicting stories.

However there's always the chance, the seller gets away with it. If the funds are not recoverable, then the buyer will not get refunded. PayPal will not take the loss unless...

The buyer files a credit card chargeback. The buyer will get their credit back and PayPal will chase after the seller. If PayPal is unable to recover the funds, PayPal will take the loss.

dank

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You cannot kill love

I have a question as well. Would it be feasible for a scammer to create a PayPal account, conduct a couple of transactions and withdraw the money before they are able to dispute it? Would the buyer be able to get their money back or is it gone for good?

BitCoinsForGold

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I have never trusted paypal since over 5 years ago when i sold some online gold for ultima online. I sold this guy about 20 million gold, and he ended up pulling the "take delivery and reverse" course.

I ended up losing the dispute and my money, and never felt comfortable selling game gold again.
Which is sad, i enjoyed doing that as a hobby

virtualfaqs

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Merit: 500

Quote from: BitCoinsForGold on June 25, 2011, 06:40:49 AM

I have a question.

Ive been thinking of receiving payments on papal for some things and don't want any kind of reversible payments.

I looked over your very good faq, but there's one thing i kinda seemed to not see that id been wondering about.

Paying for goods as a "service"

If someone makes a payment to you, for anything, and then pays as a service, and then leaves a comment such as
"Thank you for the software consulting service"
"thanks for completing the consulting"

Would that pretty much make the payment irreversible, being that it was for a service, and they made the comment it was completed?

You'd still have problems winning an unauthorized PayPal dispute and credit card chargeback from someone who was dissastisfied with your service "after" sending payment. The only 99.99% non-reversible method is for someone to give you a Money Pak code and you enter it into your PayPal account, but someone could argue that's paying with Money Pak and not really paying with PayPal. There's tons of tricks to decrease the chance of a reversal, but no easy 100% irreversible method that's convenient for the buyer yet. (At least that I know of, but I'm always looking. Wink

)

BitCoinsForGold

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I have a question.

Ive been thinking of receiving payments on papal for some things and don't want any kind of reversible payments.

I looked over your very good faq, but there's one thing i kinda seemed to not see that id been wondering about.

Paying for goods as a "service"

If someone makes a payment to you, for anything, and then pays as a service, and then leaves a comment such as
"Thank you for the software consulting service"
"thanks for completing the consulting"

Would that pretty much make the payment irreversible, being that it was for a service, and they made the comment it was completed?

virtualfaqs

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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.

Topic: ****** Reduce the risk of PayPal by 99% - Suggested Donation: 1 BTC ****** - page 2. (Read 13659 times)

Topic: Reduce the risk of PayPal by 99% - Suggested Donation: 1 BTC - page 2. (Read 13659 times)