Want 5BTC. Only have paypal. | Bitcointalksearch.org

virtualfaqs

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Quote from: mizike29 on July 26, 2011, 03:36:26 PM

Thats why I like the gift, because yes you will get away with reversing one gift, but anymore then that you will lose your credibility and paypal will have issues with you keep cancelling your gift payments.

Yeah too many gifts might cause a flag someday with paypal, so far I have not had an issue. Yeah I could see people having issues with ebay and hacked accounts I guess, but I have used ebay to verify the buyers and used the forums as well to have double verification. It helps avoid scams and only one person would get scammed as long as you post about the scam on the forum. I agree any virtual currency or anything really you have the risk of chargebacks with paypal, but no more then selling a computer on ebay and the buyer then saying someone hacked there account and they didnt receive the computer. Easier to help prove something was at least delivered though, which is why a paperclip helps with that as well, you can at least show that the sold item was paid for, the bitcoin were free. There is always a risk, but I do to also believe, we need to use paypal if we want to help bitcoins get more popular in the community.

You mean you found a buyer on eBay and asked them to get verified here? And they were ok with it? That's pretty smart. I assumed most buyers would not go along with that.

If you sent a tangible good, I think the buyer is responsible for mailing it back, but yes there are ways around that too.

I've been trying to educate BTC traders how to accept PayPal, but it's tough. Even I only limit my sales to 4 per week and that's by Mass Pay. haha You're only allowed to buy 1 BTC from me by credit card.

mizike29

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Thats why I like the gift, because yes you will get away with reversing one gift, but anymore then that you will lose your credibility and paypal will have issues with you keep cancelling your gift payments.

Yeah too many gifts might cause a flag someday with paypal, so far I have not had an issue. Yeah I could see people having issues with ebay and hacked accounts I guess, but I have used ebay to verify the buyers and used the forums as well to have double verification. It helps avoid scams and only one person would get scammed as long as you post about the scam on the forum. I agree any virtual currency or anything really you have the risk of chargebacks with paypal, but no more then selling a computer on ebay and the buyer then saying someone hacked there account and they didnt receive the computer. Easier to help prove something was at least delivered though, which is why a paperclip helps with that as well, you can at least show that the sold item was paid for, the bitcoin were free. There is always a risk, but I do to also believe, we need to use paypal if we want to help bitcoins get more popular in the community.

kgo

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If you're honest, you can't reverse a paypal gift payment. But if you're dishonest, you just say your account was hacked and paypal will reverse it. Unfortunately it's the dishonest people we need to worry about.

virtualfaqs

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Quote from: mizike29 on July 25, 2011, 02:59:56 PM

I have been selling using paypal for months with no issues with bitcoins. Send as a gift, confirm the transaction and sell the bitcoins. Dont sell a 100 bitcoins to someone you dont know but its not too risky for 50 to a 100 bux of BTC. Dont mention virtual currency, or BTC, use it as a gift and paypal wont know or care. Ebay I have also had no issues, I like ebay because I can at least verify the buyer has good feedback with ebay and sell mine a good amount over worth for convenienece.

I will sell bitcoins for Paypal, just shoot me an email, no major transactions, gift only to save fees, $16 a bitcoin for paypal transactions.

[email protected]

And both can verify each other with there ebay accounts, and personal rep on here.

I'm weary about gift because they can still pay by credit card which defeats the whole point. I'm still trying to find a way to tell if a gift payment was paid by credit card or bank transfer. Also I'm reluctant to use too many gifts because PayPal doesn't make any money off it. This is why I like Mass Pay because it's a recognized way to transact goods on PayPal.

Verifying buyers is a necessary step when dealing with not just BTC, but all virtual goods. Unfortunately lot of sellers skip this step and then get the deer in headlights look when faced with a chargeback. Then they come to these forums to complain.

That's interesting you've had no issues on eBay. I've heard a few people paying with hacked eBay and PayPal accounts.

mizike29

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I have been selling using paypal for months with no issues with bitcoins. Send as a gift, confirm the transaction and sell the bitcoins. Dont sell a 100 bitcoins to someone you dont know but its not too risky for 50 to a 100 bux of BTC. Dont mention virtual currency, or BTC, use it as a gift and paypal wont know or care. Ebay I have also had no issues, I like ebay because I can at least verify the buyer has good feedback with ebay and sell mine a good amount over worth for convenienece.

I will sell bitcoins for Paypal, just shoot me an email, no major transactions, gift only to save fees, $16 a bitcoin for paypal transactions.

[email protected]

And both can verify each other with there ebay accounts, and personal rep on here.

BTCrow

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BTCrow.com

Quote from: BTCrow on July 16, 2011, 11:12:32 AM

I also do not recommend to use paypal as payment processor to exchange BTC, till they told in their ToS that they aren't currency exchanger you can get your account banned without any questions.

There's no way to prove this if the seller doesn't mention it. As long as it's not in your PayPal transaction comments or PayPal email or eBay auction, you should be fine.
[/quote]

Agreed for this, unless you make only transactions (a lot) involving BTC and that you get complains. They can make verification for products / services.

virtualfaqs

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Selling BTC in my thread.

http://forum.bitcoin.org/index.php?topic=30293.0

Thank you for your consideration.

Quote from: Jack of Diamonds on July 16, 2011, 08:56:31 AM

Every single thing sent through PayPal except mass payments can be reversed (and if you're shitty enough you could phone up the bank to cancel a 'fraudulent bank wire transfer).

Mass Payments can be reversed by PayPal not just bank transfer reversals.

Quote from: BTCrow on July 16, 2011, 11:12:32 AM

I also do not recommend to use paypal as payment processor to exchange BTC, till they told in their ToS that they aren't currency exchanger you can get your account banned without any questions.

Jules
[email protected]
BTCrow.com

There's no way to prove this if the seller doesn't mention it. As long as it's not in your PayPal transaction comments or PayPal email or eBay auction, you should be fine.

spruce

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Quote from: ex0420 on July 16, 2011, 10:48:33 AM

Can I use dwolla in the uk?

You can use textcoin.co.uk in the UK, and buy bitcoin using your mobile phone and having the cost deducted from your mobile credit. I just bought .10 BTC there and it's really neat, although you pay a premium for the convenience, currently £11.50 per BTC (pro-rated) instead of the going rate of just over £8.

Donald_Norman

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Our USD platform Intersango.us has opened just 48 hours ago and we accept Dwolla

Donald_Norman

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If you live in the UK you can use Britcoin.co.uk it's free and we process bank transfers 2 times a day now.

spruce

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Quote from: ex0420 on July 16, 2011, 06:33:05 AM

I can send money in multiple transactions if it makes things easier I've never ripped anyone off in my life, I'm not about to start now. I need some BTC to go shopping Tongue

You seem to be in the UK. You can easily buy bitcoins at Britcoin. Transfer £s in from a bank account, which usually credits to your Britcoin account same day and costs no fee. I've used Britcoin for a month and it works fine.

bitcoinTrader

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Quote from: ex0420 on July 16, 2011, 06:33:05 AM

EDIT: Just read in another thread that funds sent as a donation ~~can't~~ can be reversed.

twobits

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Quote from: ex0420 on July 16, 2011, 10:48:33 AM

Quote from: Jack of Diamonds on July 16, 2011, 08:56:31 AM

Every single thing sent through PayPal except mass payments can be reversed (and if you're shitty enough you could phone up the bank to cancel a 'fraudulent bank wire transfer).

All Paypal transactions to BTC are extremely risky for the seller. The vast majority of buyers are scammers.

If you want to build trust, trade your PP to Dwolla & make an escrow trade at btcrow.com so that neither party can be scammed.

Thanks for the info. Can I use dwolla in the uk?

I think you can buy usd denominated ukash in the uk? If so I would be willing to do a trade for that.

Edit: Actually looks like they offer conversions services now also, so even if you can't, I still would be willing to do it, though it may take me a bit to work out the rates and I would need to charge a bit more probably to allow for that later.

arnoldrimmer

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This cloak and dagger Politics will kill bitcoin if nobody will have the balls to use Paypal.

BTW I come from Germany i cant do Paypal Gifts so i even did not got the 5 BTC from the other Post.

I now go now online with Second Life buy there L$ für a bad Exchange rate then convert them via www.virwox.com into BC and wait 48 Hours...

CentroniX

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ex0420: Check your e-mail... (sorry, can't send PMs at the moment)

Jack of Diamonds

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Quote from: BTCrow on July 16, 2011, 11:12:32 AM

Quote from: ex0420 on July 16, 2011, 10:48:33 AM

Quote from: Jack of Diamonds on July 16, 2011, 08:56:31 AM

Every single thing sent through PayPal except mass payments can be reversed (and if you're shitty enough you could phone up the bank to cancel a 'fraudulent bank wire transfer).

All Paypal transactions to BTC are extremely risky for the seller. The vast majority of buyers are scammers.

If you want to build trust, trade your PP to Dwolla & make an escrow trade at btcrow.com so that neither party can be scammed.

Thanks for the info. Can I use dwolla in the uk?

Dwolla is only for US people at the moment, I think they are working to improve their service to major other countries but not sure how long it will take in order to be completed.

In the UK (if it's like there at Quebec / Canada) I think you should be able to openup a US bank account for US funds only, didn't tested but dwolla could work this way.

I also do not recommend to use paypal as payment processor to exchange BTC, till they told in their ToS that they aren't currency exchanger you can get your account banned without any questions.

I also saw someone recommending my escrow service BTCrow.com it could be use as a secure way to make transfer but I still do not recommend using paypal for such transaction. There's plenty of exchangers out there which can exchange your cash to other things such as LR or WMZ.

My recommendation: Get your funds to your bank account or credit card, then create a LR account and use an exchanger to transfer your bank or credit card funds to LR. A good list can be found here: http://www.bsrates.com/. Then Exchange LR to BTC via people here or via mtgox or tradehill. For LR to BTC transaction if you fear of being scammed or anything else, you can now use my escrow service at BTCrow.com.

Hope this information was useful.

Jules
[email protected]
BTCrow.com

This is the best & safest method for both buyer & seller. Only scammers would object to these procedures.
I still wouldn't recommend LibertyReserve as a quick search shows they have chargeback procedures as well (scam magnet)

BTCrow

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Activity: 243

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BTCrow.com

Quote from: ex0420 on July 16, 2011, 10:48:33 AM

Quote from: Jack of Diamonds on July 16, 2011, 08:56:31 AM

Every single thing sent through PayPal except mass payments can be reversed (and if you're shitty enough you could phone up the bank to cancel a 'fraudulent bank wire transfer).

All Paypal transactions to BTC are extremely risky for the seller. The vast majority of buyers are scammers.

If you want to build trust, trade your PP to Dwolla & make an escrow trade at btcrow.com so that neither party can be scammed.

Thanks for the info. Can I use dwolla in the uk?

Dwolla is only for US people at the moment, I think they are working to improve their service to major other countries but not sure how long it will take in order to be completed.

In the UK (if it's like there at Quebec / Canada) I think you should be able to openup a US bank account for US funds only, didn't tested but dwolla could work this way.

I also do not recommend to use paypal as payment processor to exchange BTC, till they told in their ToS that they aren't currency exchanger you can get your account banned without any questions.

I also saw someone recommending my escrow service BTCrow.com it could be use as a secure way to make transfer but I still do not recommend using paypal for such transaction. There's plenty of exchangers out there which can exchange your cash to other things such as LR or WMZ.

My recommendation: Get your funds to your bank account or credit card, then create a LR account and use an exchanger to transfer your bank or credit card funds to LR. A good list can be found here: http://www.bsrates.com/. Then Exchange LR to BTC via people here or via mtgox or tradehill. For LR to BTC transaction if you fear of being scammed or anything else, you can now use my escrow service at BTCrow.com.

Hope this information was useful.

Jules
[email protected]
BTCrow.com

arnoldrimmer

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Merit: 10

no

ex0420

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Quote from: Jack of Diamonds on July 16, 2011, 08:56:31 AM

Every single thing sent through PayPal except mass payments can be reversed (and if you're shitty enough you could phone up the bank to cancel a 'fraudulent bank wire transfer).

All Paypal transactions to BTC are extremely risky for the seller. The vast majority of buyers are scammers.

If you want to build trust, trade your PP to Dwolla & make an escrow trade at btcrow.com so that neither party can be scammed.

Thanks for the info. Can I use dwolla in the uk?

arnoldrimmer

member

Activity: 358

Merit: 10

Guys I am Sitting in Germany and ATM the only way is via Linden Dollar to get BTC for me without much or no Fees and this takes me 48 Hours and the exchange rate from Euro to L$ is high.

So I AM also searching for a way to get someone who I can send the Money via any Service were i can use my Credit card online

i even tryed to register with Dwolla but that service seems only für US Citizens....

Topic: Want 5BTC. Only have paypal. (Read 2297 times)