Topic: The current Paypal / Ebay fiasco - page 2. (Read 3775 times)
I'm keeping a close eye on this thread
In a similar thread in this section I've presented a way to get Bitcoins and paying by Paypal. In order to prevent fraud, a PIN code (free) is sent to the customer's mobile phone. It could be interesting for newbies and people needing immediate bitcoins at a premium.
The thread is at https://bitcointalksearch.org/topic/im-selling-through-paypal-38873 and so far customers are satisfied
I may be wrong here, however there were times I used to sell on ebay through paypal. From what I got there, the main issue with scammers is not about anonymous guys playing with a bunch of stolen CCs. A person may scam you just because there's an opportunity to do so. He/she could be 100% real, with confirmed address, phone and whatever else. Still if there is a safe and painless way to rollback credit card spendings, many of them will surely go this way. The thread is at https://bitcointalksearch.org/topic/im-selling-through-paypal-38873 and so far customers are satisfied
The bottomline as I see it - verifying buyer identity, intention and consciousness could never protect from further chargebacks if there's no legal obsticles for a person to perform it.
In a similar thread in this section I've presented a way to get Bitcoins and paying by Paypal. In order to prevent fraud, a PIN code (free) is sent to the customer's mobile phone. It could be interesting for newbies and people needing immediate bitcoins at a premium.
The thread is at https://bitcointalksearch.org/topic/im-selling-through-paypal-38873 and so far customers are satisfied
The thread is at https://bitcointalksearch.org/topic/im-selling-through-paypal-38873 and so far customers are satisfied
In a stunning update to this story, paypal has surprised by by actually refuting a bitcoin chargeback and using
the blockchain + sent letter as evidence.
So the money was deposited back into my paypal even though it could be pulled back out, and they are disputing the bank.
I am very surprised. I do have a very good history with them and about a 7 year+ account.
Well, you seem got REALLY lucky and it's still hard to believe.the blockchain + sent letter as evidence.
So the money was deposited back into my paypal even though it could be pulled back out, and they are disputing the bank.
I am very surprised. I do have a very good history with them and about a 7 year+ account.
Our company is now moving live the new BitCoin/Paypal exchange with auto-tracking of both BitCoin an dPaypal payments (otcexchange.net). We've been digging for months and found no reliable way to fight against CC/ACH chargebacks on Paypal transactions. Having that said we've dediced to go for invite-only community on the marketplace...
If PayPal actually sided with payment recipient, that makes a HUGE difference, really. And a big hope..
The BTC has to be more usefull. We got to find a way to secure the transactions between the peoples who don't know each others.
In a stunning update to this story, paypal has surprised by by actually refuting a bitcoin chargeback and using
the blockchain + sent letter as evidence.
So the money was deposited back into my paypal even though it could be pulled back out, and they are disputing the bank.
I am very surprised. I do have a very good history with them and about a 7 year+ account.
the blockchain + sent letter as evidence.
So the money was deposited back into my paypal even though it could be pulled back out, and they are disputing the bank.
I am very surprised. I do have a very good history with them and about a 7 year+ account.
Holy shit, this could be big! Please give more details!
In a stunning update to this story, paypal has surprised by by actually refuting a bitcoin chargeback and using
the blockchain + sent letter as evidence.
So the money was deposited back into my paypal even though it could be pulled back out, and they are disputing the bank.
I am very surprised. I do have a very good history with them and about a 7 year+ account.
the blockchain + sent letter as evidence.
So the money was deposited back into my paypal even though it could be pulled back out, and they are disputing the bank.
I am very surprised. I do have a very good history with them and about a 7 year+ account.
This is the point Cato
You can command quiet a premium for convenience to the 'regular joe people' user base.
They heard about bitcoin in a passing news or magazine article and want one and no way are they going to
start mining or transferring funds through three different places to get one so where do they go?
Ebay?
"I want to get some of these."
Just how Disney World charges $25 for a .50 shirt and people gladly pay it.
The definition of a good sale is when both parties are happy.
It would be foolish for a person aware of current market rate and knowledgeable about bitcoin to
go through ebay. That is not the market. If you're watching any of the rates or charts pages you are not the market I am talking about.
You can command quiet a premium for convenience to the 'regular joe people' user base.
They heard about bitcoin in a passing news or magazine article and want one and no way are they going to
start mining or transferring funds through three different places to get one so where do they go?
Ebay?
"I want to get some of these."
Just how Disney World charges $25 for a .50 shirt and people gladly pay it.
The definition of a good sale is when both parties are happy.
It would be foolish for a person aware of current market rate and knowledgeable about bitcoin to
go through ebay. That is not the market. If you're watching any of the rates or charts pages you are not the market I am talking about.
Meh, I've seen a few "hybrid" listings on eBay: typically a small amount of silver (or other precious metal) plus one or more Bitcoins. I have yet to find a listing that reflects recent BTC exchange rates.
I think that buying Bitcoins on eBay is a terrible idea. Many reason's mainly fraud and security.
Just don't deal with ebay or paypal. Problem solved.
Yeah, I completely disagree. Unless new members can -easily- and -quickly- get bitcoins, it's going to stay underground and unknown.
Problem not solved. Huge market avoided...
Problem solved = a way to sell those bitcoins to that market safely.
Problem solved = a way to sell those bitcoins to that market safely.
Just don't deal with ebay or paypal. Problem solved.
Right but there are people who read an article or something or for whatever reason they want a bitcoin right now and they
then see how ridiculous it is to get one..... exchanges... bank accounts... exchanges between exchanges... and don't want to deal with any of that so they go on ebay, and they will pay twice the amount or more to have it fast, if they even have an idea what the amount is worth.
then see how ridiculous it is to get one..... exchanges... bank accounts... exchanges between exchanges... and don't want to deal with any of that so they go on ebay, and they will pay twice the amount or more to have it fast, if they even have an idea what the amount is worth.
Exactly...
What sucks is that there are people who want to REALLY buy bitcoins who are not fraudsters and willing to pay a premium but they can't because the fraudsters outbid or use the buy it now... I went as high as $27 buy it now for one BTC book including a bonus btc and again, the phrase was not sent so I never sent the BTC... it starts making my perfect feedback account look shitty.
We need some alternative to sell btc to newbs easily over the net.
What sucks is that there are people who want to REALLY buy bitcoins who are not fraudsters and willing to pay a premium but they can't because the fraudsters outbid or use the buy it now... I went as high as $27 buy it now for one BTC book including a bonus btc and again, the phrase was not sent so I never sent the BTC... it starts making my perfect feedback account look shitty.
We need some alternative to sell btc to newbs easily over the net.
Really?? If I ever buy a bitcoin it will be less than market value.. Anyone who "Pays" premium dont know what theyre about to remorse. now BTC is worth about 8 bucks! and the way the mining is panning out I just pray I can make my electricity costs..
Exactly...
What sucks is that there are people who want to REALLY buy bitcoins who are not fraudsters and willing to pay a premium but they can't because the fraudsters outbid or use the buy it now... I went as high as $27 buy it now for one BTC book including a bonus btc and again, the phrase was not sent so I never sent the BTC... it starts making my perfect feedback account look shitty.
We need some alternative to sell btc to newbs easily over the net.
What sucks is that there are people who want to REALLY buy bitcoins who are not fraudsters and willing to pay a premium but they can't because the fraudsters outbid or use the buy it now... I went as high as $27 buy it now for one BTC book including a bonus btc and again, the phrase was not sent so I never sent the BTC... it starts making my perfect feedback account look shitty.
We need some alternative to sell btc to newbs easily over the net.
i was also scammed in chargeback fraud on ebay . Only lost 1.5 bitcoins so no big deal but i wont sell them there again. And i prefer to call the fraudsters on ebay criminals, not hackers but i guess they can be both . Bitcoins sure seem to bring them out of the woodwork though.
171 ebay ratings never had a chargeback till i sold bitcoin
171 ebay ratings never had a chargeback till i sold bitcoin
They still charged back - the buyer said she just signed for it but never ordered the book and would gladly return it.......
Now, I didn't send the coins, so i was ok... the first page of the book is a print out with a unique
phrase... that phrase was never e-mailed to me - so i assume she was telling the truth....
the person who ordered mailed me a wallet address,and I said the coins would be sent went they sent the confirmation phrase.... which never came, and then a charge back came...
protected me from losing coins but still a pain in my ass.....
Now, I didn't send the coins, so i was ok... the first page of the book is a print out with a unique
phrase... that phrase was never e-mailed to me - so i assume she was telling the truth....
the person who ordered mailed me a wallet address,and I said the coins would be sent went they sent the confirmation phrase.... which never came, and then a charge back came...
protected me from losing coins but still a pain in my ass.....
Hopefully before you sent the BTC?
Problem is then you get a bunch of chargebacks and paypal will get on your ass. I have stopped
selling bitcoins on ebay it's just a mess, even with my idea of selling a physical book that must be received with a special code to get the "free" included coins, almost all the bidders are hacked accounts because they are willing to outbid normal real people in hopes you will just send the BTC.
It's a shame because there is a real lucrative market but it is being outdone by hackers.
Problem is then you get a bunch of chargebacks and paypal will get on your ass. I have stopped
selling bitcoins on ebay it's just a mess, even with my idea of selling a physical book that must be received with a special code to get the "free" included coins, almost all the bidders are hacked accounts because they are willing to outbid normal real people in hopes you will just send the BTC.
It's a shame because there is a real lucrative market but it is being outdone by hackers.
Were you able to prevent chargebacks by this method?
Would the buyer be able to use a chargeback if you used Delivery Confirmation with Signature Confirmation?
According to this eBay Guide:
Delivery Confirmation only gives you the date, ZIP Code and the time your article was delivered (or the date and time of attempted deliveries). It isn't a legal "proof of delivery," which requires a signature (like, say, Certified letters) - but it is sufficient for eBay, Paypal and most delivery disputes. In fact, eBay recommends that all mailed packages use Delivery Confirmation, require insurance, and should use signature delivery on higher value items. I add that you should use SCAN, too.
I think the OTC/PGP web of trust model is a pretty good start. While, it still requires diligent human confirmation, I so far trust the small hand full of people with whom I've traded and would trust most of those my trusted friends trust. This could perhaps be expanded upon.
Jump to: