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Topic: *** Selling BTC for $7! Accept PayPal *** Current Limit: 1-5 or Western Union (Read 2222 times)

hero member
Activity: 700
Merit: 500
It's a damn shame PayPal allows chargebacks weeks or months after the TX... if it were something more reasonable, the buyer could assume the risk and wait until after the chargeback window to receive the bitcoins. Oh well Sad

You can. That's exactly what PayPal Mass Pay is.... no chargebacks.

Looks like it is time for 2 newbies walk into a bar again...

Not sure what you're getting at here, but I'm not a newbie.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
It's a damn shame PayPal allows chargebacks weeks or months after the TX... if it were something more reasonable, the buyer could assume the risk and wait until after the chargeback window to receive the bitcoins. Oh well Sad
hero member
Activity: 700
Merit: 500
hero member
Activity: 700
Merit: 500
hero member
Activity: 700
Merit: 500
It's useless. Although US bitcoiners have many fund options to get BTC. Paypal to BTC is risky and with these options useless (a few bitcoins per user, above market price).

I don't really know what you're trying to say here. PayPal to BTC is much risker for the seller than the buyer. What's useless? And yes it is a few bitcoins per user above market price.
member
Activity: 70
Merit: 10
Only a curious passer-by / FirstBits: 13zsc1
It's useless. Although US bitcoiners have many fund options to get BTC. Paypal to BTC is risky and with these options useless (a few bitcoins per user, above market price).
hero member
Activity: 700
Merit: 500
hero member
Activity: 700
Merit: 500
I charge 3 bux over market price for most of my sales via paypal.  It is worth it for many buyers, because it takes me 4 days to get money from my bank account to dwolla to MTGOX and to make a purchase.  Then you have NON US RESIDENTS who cant use DWOLLA and have an even harder time getting things funded.  Sellers take all the risk using paypal so a 2 to 3 dollar charge is definitely normal.  I was selling mine on ebay for 21 to 25 when they were 18 on MTGOX.  Still selling mine for 16 to 18 with no problems and there 14 on MTGOX.  IT ALL DEPENDS ON SUPPLY, DEMAND and RISK

You forgot the 1-2 days for Dwolla to verify your bank account. When I did it, it took a week. I don't know how long it takes now. Yupz which is why I ignore people who say people won't buy over market price. People have to realize USD has multiple online payments - PPUSD, MTGOXUSD, WUUSD, USD by mail all have a different exchange rate.
sr. member
Activity: 243
Merit: 250
BTCrow.com
I charge 3 bux over market price for most of my sales via paypal.  It is worth it for many buyers, because it takes me 4 days to get money from my bank account to dwolla to MTGOX and to make a purchase.  Then you have NON US RESIDENTS who cant use DWOLLA and have an even harder time getting things funded.  Sellers take all the risk using paypal so a 2 to 3 dollar charge is definitely normal.  I was selling mine on ebay for 21 to 25 when they were 18 on MTGOX.  Still selling mine for 16 to 18 with no problems and there 14 on MTGOX.  IT ALL DEPENDS ON SUPPLY, DEMAND and RISK

+1
full member
Activity: 168
Merit: 100
I charge 3 bux over market price for most of my sales via paypal.  It is worth it for many buyers, because it takes me 4 days to get money from my bank account to dwolla to MTGOX and to make a purchase.  Then you have NON US RESIDENTS who cant use DWOLLA and have an even harder time getting things funded.  Sellers take all the risk using paypal so a 2 to 3 dollar charge is definitely normal.  I was selling mine on ebay for 21 to 25 when they were 18 on MTGOX.  Still selling mine for 16 to 18 with no problems and there 14 on MTGOX.  IT ALL DEPENDS ON SUPPLY, DEMAND and RISK
sr. member
Activity: 243
Merit: 250
BTCrow.com
No one is going to buy them from you if you're selling it $1-2 ABOVE market price :/

I think it's fair of asking 1$ or 2$ above the market price, as he is one of the few now accepting paypal or western union. I don't know personally the guy and can't vouch for him but by checking his post he know what he is talking about.

1$ to 2$ more for paypal getting quick BTC is very fair compared to other methods available right now for other countries than US.
iyj
newbie
Activity: 28
Merit: 0
People that don't have $hit in BTC will...as it beats waiting the 3 business days to transfer funds from bank account to dwolla and from dwolla to BTC exchange site.
hero member
Activity: 700
Merit: 500
full member
Activity: 168
Merit: 100
No one is going to buy them from you if you're selling it $1-2 ABOVE market price :/
hero member
Activity: 700
Merit: 500
Selling for $7. Price updated as of 6/3/12

Purchase: No additional fees for paying with a US PayPal account. 1% added to total for non-US PayPal accounts. (This fee is rounded up to the nearest US dollar.) Limited to 5 BTC per person using this method. Your next transaction will have to be funded by a bank. Make sure to get your PayPal verified.

Mass Pay: No additional fees for paying with a US PayPal account. Limited to 20 BTC per person using this method.

Western Union:
Buyer pays for fees. Receives discount. No Limit.

Miscellaneous Transaction Info:
  • After our first transaction, you must submit feedback for me before we can do business again.
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