What payment for selling BTC is safe and irreversible?

Bitcoinbee

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Quote from: viking02 on December 26, 2015, 02:34:08 AM

If you want to sell btc... there basically isn't any payment that you could receive that is safe and irreversible? Paypal as many of you know isn't safe such they can reverse it very easily. I read boa online transfers can be reversed as well. I had no idea about this since i use boa to receive/send funds for poker funds etc.

But is there really no form of payment that is 100 percent safe and irreversible? Cash deposit at bank is reversible. Venmo is as well. With boa, i read that if someone claims their acct got hacked or if they use someone elses boa, then the boa funds you receive would get reversed. Neteller and skrill i was told is reversible as well. Bank wire im told is as well though much harder.

And if you meet someone, well they could even give you counterfeit cash so theres another issue with that.

Why isn't there a payment from a buyer where the funds are 100 percent safe and legit? I guess the only legit way to go from bitcoin to having funds in your bank account is either sell them to coinbase or circle right? Or use an exchange then?

This is pretty frustrating.

Let them pay through your bank acct. once it is in your bank account it can never be reversed without your approval or consent to revers a transaction. But the bank will have to notify or inform you if they will do such process. and if you don't agree then the bank cant do anything about reversing otherwise it is from a suspicious transaction which will take time and the process will be according to the rules of law. Wink

machinek20

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choice PM because easy to use and rate good for btc

adaseb

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With OKPay Neteller or Skrill, can you deposit BTC which convert to USD, then withdraw the USD at an ATM ?

What are the fees with this?

844bankbtc

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A fool and his bitcoin are soon parted.

Cash is the only method that is NOT reversible. With all the scams, stolen information and hacked accounts anything else is easily reversed.

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Quote from: fravia on May 02, 2016, 12:52:42 PM

Quote from: viking02 on December 26, 2015, 02:34:08 AM

If you want to sell btc... there basically isn't any payment that you could receive that is safe and irreversible? Paypal as many of you know isn't safe such they can reverse it very easily. I read boa online transfers can be reversed as well. I had no idea about this since i use boa to receive/send funds for poker funds etc.

But is there really no form of payment that is 100 percent safe and irreversible? Cash deposit at bank is reversible. Venmo is as well. With boa, i read that if someone claims their acct got hacked or if they use someone elses boa, then the boa funds you receive would get reversed. Neteller and skrill i was told is reversible as well. Bank wire im told is as well though much harder.

And if you meet someone, well they could even give you counterfeit cash so theres another issue with that.

Why isn't there a payment from a buyer where the funds are 100 percent safe and legit? I guess the only legit way to go from bitcoin to having funds in your bank account is either sell them to coinbase or circle right? Or use an exchange then?

This is pretty frustrating.

i think the most safe way to pay/sell is in real life, but i also heard that paying with credit card is safe too too as hard or impossible to chargeback money

and you should avoid paypal as there was many stories how people lost their money when selling bitcoins, so i wouldn't do that with paypal

That's an option. Another trusted method is to meet the person and make the transaction. So everything can be made with ease without the issue of reversing assistance.

fravia

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Quote from: viking02 on December 26, 2015, 02:34:08 AM

If you want to sell btc... there basically isn't any payment that you could receive that is safe and irreversible? Paypal as many of you know isn't safe such they can reverse it very easily. I read boa online transfers can be reversed as well. I had no idea about this since i use boa to receive/send funds for poker funds etc.

But is there really no form of payment that is 100 percent safe and irreversible? Cash deposit at bank is reversible. Venmo is as well. With boa, i read that if someone claims their acct got hacked or if they use someone elses boa, then the boa funds you receive would get reversed. Neteller and skrill i was told is reversible as well. Bank wire im told is as well though much harder.

And if you meet someone, well they could even give you counterfeit cash so theres another issue with that.

Why isn't there a payment from a buyer where the funds are 100 percent safe and legit? I guess the only legit way to go from bitcoin to having funds in your bank account is either sell them to coinbase or circle right? Or use an exchange then?

This is pretty frustrating.

i think the most safe way to pay/sell is in real life, but i also heard that paying with credit card is safe too too as hard or impossible to chargeback money

and you should avoid paypal as there was many stories how people lost their money when selling bitcoins, so i wouldn't do that with paypal

DuddlyDoRight

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Quote from: Das on April 30, 2016, 05:35:58 PM

Kraken is safe and irreversible as well. It's one of the cheapest exchange sites in Europe.

They're all irreversible once they are in a wallet you have the private key for.

Kraken mentions no policy for fiat banking chargeback handling
Kraken uses a vulnerable SHA1 TLS cert on some of it's sub-domains
If they can't get TLS configuration right then they probably have SQLi and XSS some places too if not server configuration holes. I barely even looked and found a way to steal accounts..

Another example of the crypto-coin community playing fast and loose with credibility. FYI you don't want to rely on marketing for choosing who is going to handle your capital..

Herbert2020

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you should sell bitcoin at legit places like exchangers and withdraw to your bank after that, there are many legit ones. you can use coinbase as one of the famous ones that is easy to use also or any other exchangers like bitfinex,... you should just go through the process of getting verified once.

Quote from: viking02 on December 26, 2015, 02:34:08 AM

Cash deposit at bank is reversible.

it is reversible but it is not as easy as you might think and since it is a bank and not a shitty service like paypal you can call your bank in case of reversal and pursue it. and the reversal is not as easy as just clicking a button and submitting the request either. your bank is not just going to give the money back just because they asked for it.

NeuroticFish

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Bitcoin cards.
The fees are usually pretty high, but at the moment you bought goods with the card, nobody will 'revert'.

Fill cards with Bitcoin and spend for goods. It's the safest I can think about.

Also there are a few exchanges that are good, but getting the money into your bank account is not a safe thing again....

West man

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It looks like this method might be what you are looking for:

https://bitcointalksearch.org/topic/sell-your-btc-for-prepaid-debit-localbitcoins-escrow-if-you-wish-0-fees-1456075

irreversible way of using your btc via prepay cards.

sempak

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you can use exchange services are already available in abundance on the internet. if you had wanted to buy a bitcoin USD and then sell it back, then you can try the BTC-e. their service has been reliable and guarantee fund its users. safe and comfortable is a choice no one.

Das

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Kraken is safe and irreversible as well. It's one of the cheapest exchange sites in Europe.

DuddlyDoRight

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Show me an exchange that doesn't store whole bank and ID information on a server with scripts and configurations done by the new-developer owner or lowest bidding contractor, or one that has less cost and risk overhead than LocalBitcoins and I'll go along with the OMG exchanges or death movement..

I can get a prepaid mastercard or visa at a gas station with my cash in Syberia for $3.00 and save tens or hundreds, how can YOU not in whatever shopping mall every mile/kilometer suburb you hail from?

SIDE NOTE: It's hilarious to real professionals how all these "secure" sites getting pushed on here keep getting hacked almost as quick as they can restore from their full-retard backup policies..

Amph

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Quote from: DuddlyDoRight on January 19, 2016, 02:00:12 PM

Quote from: Amph on January 19, 2016, 02:33:28 AM

Quote from: DuddlyDoRight on January 18, 2016, 11:07:08 AM

Quote from: Amph on December 26, 2015, 02:37:08 AM

there is only one, bitcoin itself, use it directly, because it was meant to be used in this way, there are already large merchants that accept it

for the remaining thing use fiat directly, and forget the whole exchange for fiat, unless you do it for trading only

People only really sale BTC right now for the fiat profit. It's not remotely integrated in to the real world enough to just be used as a currency..

Fiat cash is the most secure exchange currency. You do the exchange physically in secure locations. I've been doing it for years and never had the problems people suggest may happen. You just have to use common sense; video surveillance and well populated.

If you're worried about counterfeit money just use one of those markers and check the strip and reverse logos; if someone can counterfeit those they probably have government connections or big capital already which kind of eliminates their need to be nickel and deeming thousands with you..

cash? what? cash is not practical at al, for example how do i buy stuff online? and online website offer much more than phisical website, we are not stuck in 1990 anymore

bitcoin work very well as online payment better than fiat for me

Uhh.. $3.00 prepaid debit cards? They sale them in gas stations now even in rural parts of european countries.. They are MasterCard and Visa. I use them everywhere.

"bitcoin work very well as online payment better than fiat for me"

Oh really? Go pay for food, a laptop, a car, or utility bills with it. Show me how much more you know..

i don't buy food online so your argument is invalid here, i've said for online stuff, and yes i'm buying on amazon by using my coins, with purse.io and i'm getting a discount each time, much better than fiat if you ask me

you can also pay your utility bills with bitcoin, use cashila or other service, like bitbill.eu

DuddlyDoRight

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This thread is retarded. No crypto currency can be used in the real world.. Cash or prepaid debit cards for fiat conversion are the safest real-solutions.. Do any of you pay taxes or utilities or gas or interact with brick&mortar vendors? How can you be a functional adults and not know them accepting crypto-currency is a long way off if at all?

viking02

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Quote from: erikalui on January 20, 2016, 11:39:12 AM

Quote from: viking02 on January 20, 2016, 11:23:29 AM

Quote from: erikalui on January 19, 2016, 10:05:16 AM

If you are receiving payments from a trusted user, every method is safe and irreversible. But payment methods like Perfect Money and OKPay (as these online payments have no chargeback policy unlike PayPal) or cash payments are the safest ones. However, people can even scam using bitcoins as payment as recently there was a case where the user tried to double spend the same funds he sent to a user and the network dropped the transaction. This way people can scam using bitcoins as well.

Can you explain this? Perfect money and okpay is not reversible?

Yes. They cannot be reversed.

OKPay's terms:

Fraud is effectively deterred
We understand the risks online businesses face and take all necessary steps to protect merchants from chargebacks. We verify the identity of OKPAY users to make sure you only work with legitimate customers.

Perfect Money's terms:

No chargeback policy.

Every transaction in Perfect Money system is final. Guaranteed.

Can someone from the usa get perfect money account? I have never heard of this ever. I'm actually out of the usa at the moment but with circle/coinbase, i could get an acct b/c i have an american usd bank account.

erikalui

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Quote from: viking02 on January 20, 2016, 11:23:29 AM

Quote from: erikalui on January 19, 2016, 10:05:16 AM

If you are receiving payments from a trusted user, every method is safe and irreversible. But payment methods like Perfect Money and OKPay (as these online payments have no chargeback policy unlike PayPal) or cash payments are the safest ones. However, people can even scam using bitcoins as payment as recently there was a case where the user tried to double spend the same funds he sent to a user and the network dropped the transaction. This way people can scam using bitcoins as well.

Can you explain this? Perfect money and okpay is not reversible?

Yes. They cannot be reversed.

OKPay's terms:

Fraud is effectively deterred
We understand the risks online businesses face and take all necessary steps to protect merchants from chargebacks. We verify the identity of OKPAY users to make sure you only work with legitimate customers.

Perfect Money's terms:

No chargeback policy.

Every transaction in Perfect Money system is final. Guaranteed.

viking02

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Quote from: erikalui on January 19, 2016, 10:05:16 AM

If you are receiving payments from a trusted user, every method is safe and irreversible. But payment methods like Perfect Money and OKPay (as these online payments have no chargeback policy unlike PayPal) or cash payments are the safest ones. However, people can even scam using bitcoins as payment as recently there was a case where the user tried to double spend the same funds he sent to a user and the network dropped the transaction. This way people can scam using bitcoins as well.

Can you explain this? Perfect money and okpay is not reversible?

tech_solutions

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you can convert the btc to fiat currency, or sell them through here in this forum like this you will get nice price also, if you are felling unsecure in using other methods. dont use paypal, instead go through neteller they also accept now bitcoin as deposit method.

equator

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As per my view it is better to sell in exchanges and get the payment in your bank which is more safe and irreversible instead of using cash wallets for selling, even if you want to use the cash wallet then i think you can deposit the btc to neteller that will convert your btc into fiat currency and then you can just withdraw it but this process will cost you some transaction fees..

DuddlyDoRight

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Quote from: Amph on January 19, 2016, 02:33:28 AM

Quote from: DuddlyDoRight on January 18, 2016, 11:07:08 AM

Quote from: Amph on December 26, 2015, 02:37:08 AM

there is only one, bitcoin itself, use it directly, because it was meant to be used in this way, there are already large merchants that accept it

for the remaining thing use fiat directly, and forget the whole exchange for fiat, unless you do it for trading only

People only really sale BTC right now for the fiat profit. It's not remotely integrated in to the real world enough to just be used as a currency..

Fiat cash is the most secure exchange currency. You do the exchange physically in secure locations. I've been doing it for years and never had the problems people suggest may happen. You just have to use common sense; video surveillance and well populated.

If you're worried about counterfeit money just use one of those markers and check the strip and reverse logos; if someone can counterfeit those they probably have government connections or big capital already which kind of eliminates their need to be nickel and deeming thousands with you..

cash? what? cash is not practical at al, for example how do i buy stuff online? and online website offer much more than phisical website, we are not stuck in 1990 anymore

bitcoin work very well as online payment better than fiat for me

Uhh.. $3.00 prepaid debit cards? They sale them in gas stations now even in rural parts of european countries.. They are MasterCard and Visa. I use them everywhere.

"bitcoin work very well as online payment better than fiat for me"

Oh really? Go pay for food, a laptop, a car, or utility bills with it. Show me how much more you know..

morantis

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Quote from: viking02 on December 26, 2015, 02:34:08 AM

If you want to sell btc... there basically isn't any payment that you could receive that is safe and irreversible? Paypal as many of you know isn't safe such they can reverse it very easily. I read boa online transfers can be reversed as well. I had no idea about this since i use boa to receive/send funds for poker funds etc.

But is there really no form of payment that is 100 percent safe and irreversible? Cash deposit at bank is reversible. Venmo is as well. With boa, i read that if someone claims their acct got hacked or if they use someone elses boa, then the boa funds you receive would get reversed. Neteller and skrill i was told is reversible as well. Bank wire im told is as well though much harder.

And if you meet someone, well they could even give you counterfeit cash so theres another issue with that.

Why isn't there a payment from a buyer where the funds are 100 percent safe and legit? I guess the only legit way to go from bitcoin to having funds in your bank account is either sell them to coinbase or circle right? Or use an exchange then?

This is pretty frustrating.

Paypal is not actually reversible. Make sure that you mark the payment as a service. This is an intangible and cannot be refunded. It the other person does retract their payment, simply call Paypal and advise them that the transaction was for an intangible object and is not eligible for refund, the funds will be placed back into your account and Paypal will deal with them.

erikalui

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If you are receiving payments from a trusted user, every method is safe and irreversible. But payment methods like Perfect Money and OKPay (as these online payments have no chargeback policy unlike PayPal) or cash payments are the safest ones. However, people can even scam using bitcoins as payment as recently there was a case where the user tried to double spend the same funds he sent to a user and the network dropped the transaction. This way people can scam using bitcoins as well.

Amph

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Quote from: DuddlyDoRight on January 18, 2016, 11:07:08 AM

Quote from: Amph on December 26, 2015, 02:37:08 AM

there is only one, bitcoin itself, use it directly, because it was meant to be used in this way, there are already large merchants that accept it

for the remaining thing use fiat directly, and forget the whole exchange for fiat, unless you do it for trading only

People only really sale BTC right now for the fiat profit. It's not remotely integrated in to the real world enough to just be used as a currency..

Fiat cash is the most secure exchange currency. You do the exchange physically in secure locations. I've been doing it for years and never had the problems people suggest may happen. You just have to use common sense; video surveillance and well populated.

If you're worried about counterfeit money just use one of those markers and check the strip and reverse logos; if someone can counterfeit those they probably have government connections or big capital already which kind of eliminates their need to be nickel and deeming thousands with you..

cash? what? cash is not practical at al, for example how do i buy stuff online? and online website offer much more than phisical website, we are not stuck in 1990 anymore

bitcoin work very well as online payment better than fiat for me

DuddlyDoRight

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Quote from: Amph on December 26, 2015, 02:37:08 AM

there is only one, bitcoin itself, use it directly, because it was meant to be used in this way, there are already large merchants that accept it

for the remaining thing use fiat directly, and forget the whole exchange for fiat, unless you do it for trading only

People only really sale BTC right now for the fiat profit. It's not remotely integrated in to the real world enough to just be used as a currency..

Fiat cash is the most secure exchange currency. You do the exchange physically in secure locations. I've been doing it for years and never had the problems people suggest may happen. You just have to use common sense; video surveillance and well populated.

If you're worried about counterfeit money just use one of those markers and check the strip and reverse logos; if someone can counterfeit those they probably have government connections or big capital already which kind of eliminates their need to be nickel and deeming thousands with you..

btckold24

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just meet up with someone at starbucks and use local bitcoin.

No points in trying to pray you found someone that isnt a scum bag that wont file a reversal
if you use paypal.

bitlancr

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Quote from: ?? on ??

Of course exchanging bitcoin is not easy and safe as long as the person or the exchange site is not reliable.
And with paypal, like you said, charge back is possible. I prefer perfect money even with new people.

Yeah paypal is a scammers heaven. When doing business you should always use an escrow and avoid paypal.
Bitcoin to an altcoin is a solid trade btw.

romero121

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Quote from: Undermood on January 17, 2016, 07:22:35 AM

we choose the reputational ppl to trade with and we will be safe no matter what methods we are using.

Quote from: Redrose on December 26, 2015, 02:37:38 AM

Cash in mail is definitely irreversible.

But the mail could be lost in the way. Grin

Trading with reputation people is good, still we have come to contact in the name of business so we need to be secure to the most. So even in trading with reputation people using of escrow will increase transaction more secure.

Undermood

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we choose the reputational ppl to trade with and we will be safe no matter what methods we are using.

Quote from: Redrose on December 26, 2015, 02:37:38 AM

Cash in mail is definitely irreversible.

But the mail could be lost in the way. Grin

romero121

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Quote from: ?? on ??

Quote from: Pk880058 on January 15, 2016, 11:48:04 AM

i have been using localbitcoins for all selling of my btc and their users are doing bank transfer and then i will release my bitcoin to the seller after checking my payment received or not. they are using escrow facility which is very good, and i think that transaction is not reversible as it comes to my bank directly.

I agree with you,localbitcoins is good for buy/sell bitcoin.they are using escrow facility which is very good,also i use perfectmoney for exchanging my bitcoin to USD, they have less fee like others. I never worry on irreversible.

I too suggest the same. escrow process is the trust worthy process for selling. They will charge a very very minimal amount which can be paid to make your selling or transaction process 100% safe with irreversible features which gives you the option to stop the trade if you are not satisfied with the trader.

~Bitcoin~

legendary

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I think if you fund your bitcoin to neteller and than skrill than it will be not reversed by any mean and it will also not flag your skrill account as you are not recieving money from directly selling bitcoin. Don't sell bitcoin in localbitcoin with reversible payment methods, even you don't get chargeback skrill may go through your account to check funds and may lead to account termination i have gone through this.

Other option would be trying to sell it hand to hand or for perfect money (but have heard some claiming system there).

twister

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Quote from: Pk880058 on January 15, 2016, 11:48:04 AM

i have been using localbitcoins for all selling of my btc and their users are doing bank transfer and then i will release my bitcoin to the seller after checking my payment received or not. they are using escrow facility which is very good, and i think that transaction is not reversible as it comes to my bank directly.

Sure, it is not reversible but there has been instances where scammer used stolen funds from another bank to buy bitcoins and since the funds got transferred to the person who was selling the bitcoins, they were the ones who paid the price for it. So be careful.

Pk880058

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i have been using localbitcoins for all selling of my btc and their users are doing bank transfer and then i will release my bitcoin to the seller after checking my payment received or not. they are using escrow facility which is very good, and i think that transaction is not reversible as it comes to my bank directly.

btc-mike

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Cash, Perfect Money, Webmoney?, OKPay?

viking02

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How can there possibly be not 1 way to receive money where it isn't safe? That is really ridiculous. Is basically selling to coinbase/circle really the only way since those are legit exchanges?

OmegaStarScream

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There isn't any because most of those payment methods allow Credit card deposits while Bitcoin doesn't . MasterCard & Visa companies allow their users to make a dispute etc ... and chargeback , that's why It's so easy to chargeback .
Payza & Neteller are little bit hard for chargeback when you send the funds and may get you banned , other then that ... I don't think there is anything safe 100% .

Redrose

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Cash in mail is definitely irreversible.

Amph

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there is only one, bitcoin itself, use it directly, because it was meant to be used in this way, there are already large merchants that accept it

for the remaining thing use fiat directly, and forget the whole exchange for fiat, unless you do it for trading only

viking02

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🌟 COMSA ICO: 10/02/17 🌟

If you want to sell btc... there basically isn't any payment that you could receive that is safe and irreversible? Paypal as many of you know isn't safe such they can reverse it very easily. I read boa online transfers can be reversed as well. I had no idea about this since i use boa to receive/send funds for poker funds etc.

But is there really no form of payment that is 100 percent safe and irreversible? Cash deposit at bank is reversible. Venmo is as well. With boa, i read that if someone claims their acct got hacked or if they use someone elses boa, then the boa funds you receive would get reversed. Neteller and skrill i was told is reversible as well. Bank wire im told is as well though much harder.

And if you meet someone, well they could even give you counterfeit cash so theres another issue with that.

Why isn't there a payment from a buyer where the funds are 100 percent safe and legit? I guess the only legit way to go from bitcoin to having funds in your bank account is either sell them to coinbase or circle right? Or use an exchange then?

This is pretty frustrating.

Topic: What payment for selling BTC is safe and irreversible? (Read 3051 times)