Best to use a service like virwox if you want to buy or sell with paypal. You lose a bit in exchange but you will not be scammed. You should also be thankful for not having a banned account as Paypal if i remmeber correctly started banning account involving BTC due to the fact it's considered an ecurrency now and not digital goods.
The reason PayPal freezes accounts selling BitCoin is that PayPal has a blanket prohibition against using their service to operate a currency exchange.
There are a few articles out there on this. If you really have to I would find a trusted escrow and not one suggested by the person you are concerned about. Then as always do your research. To do something quickly will lead to a bad experience. If it's too good to be true, it probably is.
Topic: Why does paypal considered as scam attempt? (Read 3751 times)
Scammers done waste their time reversing THROUGH PAYPAL, they use their time wisely and reverse THROUGH THE BANK. Once the bank reverses the transaction, paypal honestly has no choice but to simply refund the money. Aside from this method, a lot of scammers are actually using hacked bank accounts. So if you are selling Bitcoin on paypal, most of the time you are actually receiving a payment NOT from the original paypal account holder. So when the reversal comes in, its actually usualy not even the scammer, its someone that realized their paypal account was hacked and made a purchase. Its very hard to tell in this circumstance but either way you are shit out of luck to be honest.
this is exactly right. Its much easier to just call your bank and they do it for
you. Then the scumbag hacker doesnt even need to explain himself or face
paypal or the person they are scamming.
Scammers done waste their time reversing THROUGH PAYPAL, they use their time wisely and reverse THROUGH THE BANK. Once the bank reverses the transaction, paypal honestly has no choice but to simply refund the money. Aside from this method, a lot of scammers are actually using hacked bank accounts. So if you are selling Bitcoin on paypal, most of the time you are actually receiving a payment NOT from the original paypal account holder. So when the reversal comes in, its actually usualy not even the scammer, its someone that realized their paypal account was hacked and made a purchase. Its very hard to tell in this circumstance but either way you are shit out of luck to be honest.
Because of Paypals ability to charge back or reverse the payment sent to the other party. In this forum regardless of your tenure and forum rank everyone can do such scam attempt and it's regardless of how much the amount was paid using Paypal.
Dude PayPal use to send a promotional emails, hacking credit card details and more complaints they have on world wide. Since they have high transaction charges and other things. They were good before but their reputation is like thread less kite.
Because of Paypals ability to charge back or reverse the payment sent to the other party. In this forum regardless of your tenure and forum rank everyone can do such scam attempt and it's regardless of how much the amount was paid using Paypal.
they can decide their profits are down, and claim you were in breach of their terms, they then lock you account and seize your money. To get it back, you have to pay a fee
That sounds a bit suss for a multinational. Did they really? 
From my knowledge it is because Paypal is a refundable method of payment and Bitcoin is not. So if they send money first you would think it's finished and send BTC but they can reverse that payment and leave you with nothing. I don't know how easy it is though, but Paypal always side with the sender in this case.
The other problem with PayPal is that they can decide their profits are down, and claim you were in breach of their terms, they then lock you account and seize your money. To get it back, you have to pay a fee. That's what they did to me, but fortunately I had moved the money out of the account, so they couldn't get it.
I find it very odd...
Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
PayPal is afraid of Bitcoin and the blockchain technology. That's why PayPal always rules in favor of the buyer/scammer. Charge backs are a necessity sometimes. If you're dealing with a shady business it's best to use PayPal or a credit card. Bitcoin doesn't have charge back because of the many scammers out there. The more options there the better.Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
without adding a note in the transaction to make it almost impossible for PayPal to track the transactions. Earlier they had issues with Liberty Reserve as well.
Basically Paypal blocks every competitor out. Which is a shame, since we have an open market.
In a way it's even sad, that they are so afraid of those virtual currency's
I find it very odd...
Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
PayPal is afraid of Bitcoin and the blockchain technology. That's why PayPal always rules in favor of the buyer/scammer. Charge backs are a necessity sometimes. If you're dealing with a shady business it's best to use PayPal or a credit card. Bitcoin doesn't have charge back because of the many scammers out there. The more options there the better.Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
without adding a note in the transaction to make it almost impossible for PayPal to track the transactions. Earlier they had issues with Liberty Reserve as well.
I find it very odd...
Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
PayPal is afraid of Bitcoin and the blockchain technology. That's why PayPal always rules in favor of the buyer/scammer. Charge backs are a necessity sometimes. If you're dealing with a shady business it's best to use PayPal or a credit card. Bitcoin doesn't have charge back because of the many scammers out there. The more options there the better.Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
I find it very odd...
Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
PayPal is afraid of Bitcoin and the blockchain technology. That's why PayPal always rules in favor of the buyer/scammer. Charge backs are a necessity sometimes. If you're dealing with a shady business it's best to use PayPal or a credit card. Bitcoin doesn't have charge back because of the many scammers out there. The more options there the better.Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
Makes sense.
It's always better to have to way of exchanging your value. One is fast and secured but not reversible, the other might be reversible.
It allows Paypal to have a true interest and to really answer a need of the consumers ^^
I find it very odd...
Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
PayPal is afraid of Bitcoin and the blockchain technology. That's why PayPal always rules in favor of the buyer/scammer. Charge backs are a necessity sometimes. If you're dealing with a shady business it's best to use PayPal or a credit card. Bitcoin doesn't have charge back because of the many scammers out there. The more options there the better. Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
I find it very odd...
Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
Why and how are people using Paypal then? I mean if you can reverse any payment just by filling a complaint about wrongly used card, I can go directly buy a new HD tv no?
There should be other elements I'm missing I guess, otherwise Paypal isn't a reliable way of transferring money.
Made me remember one time when someone send me money by paypal as a donation for helping him (without me asking for money, he asked for my paypal address) then, after 2-3 days, he made a chargeback lol.
It was only about 5$...
It was only about 5$...
PayPal allows chargebacks for every transaction whether it's for goods or gifts and people have succeeded in getting their money back and scamming. Users say that goods & services payment cannot be charged back if a user claims that the good was a digital one. However, PayPal is the weakest form of payment and hence it's considered a scam attempt.
I would agree but many Fake PayPal websites are an extension of fake emails, and are usually linked to within these emails. A fake PayPal website can look identical to the real PayPal, but when you try to log in, it will simply steal your username and password. Even if you have gone ahead and clicked a link in an email, not all is lost. Unless the website you reached contains malicious scripts, you can still escape the scam.
PayPal allows chargebacks for every transaction whether it's for goods or gifts and people have succeeded in getting their money back and scamming. Users say that goods & services payment cannot be charged back if a user claims that the good was a digital one. However, PayPal is the weakest form of payment and hence it's considered a scam attempt.
Not considered as a scam attempt. Just people are worried who they accept Paypal from, it is a known reversible payment method, therefore unsecure for sellers. I would suggest only accepting or using people from trusted or if trusted. Even if amount are infinite.
Agree with you friend PayPal is safe online payment system. I have used it from past years without facing any type of problem. Yes I think they provide special protection against fraud and if they found any suspicions then they want proper proof but mostly people treat them scam because PayPal won't allow them to do illegal activities.
Hi guys,
I would like to share my thoughts about paypal..
From what i understand, there are 2 ways to send money through paypal.
First is as goods and services.
Second is as "transfer money to a friend or family"
Transering money as goods and services gives the sender the ability to take back the money with the excuse that the item or service is nos as described. Ideal for scammers..
Transfering money to a friend or family does not give you that option. So why nobody wants to trade like that? Why everytime someone even mentions paypal, he is accused as a scammer?
I would like to share my thoughts about paypal..
From what i understand, there are 2 ways to send money through paypal.
First is as goods and services.
Second is as "transfer money to a friend or family"
Transering money as goods and services gives the sender the ability to take back the money with the excuse that the item or service is nos as described. Ideal for scammers..
Transfering money to a friend or family does not give you that option. So why nobody wants to trade like that? Why everytime someone even mentions paypal, he is accused as a scammer?
if paypal provide an option before accepting the money, it may have been safer. lets say i got a money from you and i saw that you send it as a gift from a relative, then i can safely receive it. but if its send in exchange of goods/services, i may have the option to say no. unfortunately they don't offer such.
Not considered as a scam attempt. Just people are worried who they accept Paypal from, it is a known reversible payment method, therefore unsecure for sellers. I would suggest only accepting or using people from trusted or if trusted. Even if amount are infinite.
Agree with you friend PayPal is safe online payment system. I have used it from past years without facing any type of problem. Yes I think they provide special protection against fraud and if they found any suspicions then they want proper proof but mostly people treat them scam because PayPal won't allow them to do illegal activities.
Not considered as a scam attempt. Just people are worried who they accept Paypal from, it is a known reversible payment method, therefore unsecure for sellers. I would suggest only accepting or using people from trusted or if trusted. Even if amount are infinite.
Agree with you friend PayPal is safe online payment system. I have used it from past years without facing any type of problem. Yes I think they provide special protection against fraud and if they found any suspicions then they want proper proof but mostly people treat them scam because PayPal won't allow them to do illegal activities.
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