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Topic: Why not use Paypal for accepting payments? - page 2. (Read 1642 times)

legendary
Activity: 2184
Merit: 1118
Lie down. Have a cookie
January 21, 2016, 01:55:14 AM
#14
There is an escrow list of highly trusted users on this forum here: https://bitcointalksearch.org/topic/bitcointalk-escrows-trade-safely-855778

In my honest opinion offer both BTC and Paypal if you sell items. Also allow the usage of an escrow from said list.

Personally OgNasty has escrowed more than $1k for myself and many millions for the rest of the community.

Paypal is just a no go as everyone else has said unless you are a good standing member of the community.
newbie
Activity: 46
Merit: 0
January 21, 2016, 01:14:50 AM
#13
To be honest, Paypal tends to favor the buyer over the seller.  I've never done it, but I do know that scamming Paypal isn't that hard.  A buyer can pull a chargeback and get their money back even when the seller is honest.

On top of that, there are Paypal's account policies you have to abide by to use the service.  This is not entirely a bad thing by any means, but I did once have the funds in my account literally locked from me for several weeks.  Admittedly, with Bitcoin, so long as you are the only one with access to the private keys, the coins are yours.  No one can lock them from you.  Smiley

This all being said, if you find that you prefer Paypal as a payment method, there's nothing wrong with that.  There are markets for you to trade with Paypal for goods as well.  This particular market may be a bit more orientated towards Bitcoins, though...  Wink
legendary
Activity: 3010
Merit: 1031
RIP Mommy
newbie
Activity: 39
Merit: 0
January 20, 2016, 02:36:58 PM
#11
paypal mostly used however always with risk while btc 100% NON refundable

so many people preferred to use and accept coins payments instead of paypal
legendary
Activity: 1428
Merit: 1000
https://www.bitworks.io
January 20, 2016, 10:17:22 AM
#10
---
If I would buy or sell something, I would suggest splitting the PayPal fee.

I think it is better to pay 3.9% or less to PayPal than get scammed.

I don't think this is the right community for you.

Could you please elaborate?

What is the problem?
It is a BITCOIN FORUM, so if you dont believe in the project its probably not the place for you.

Ok I understand that view. But I honestly believe in bitcoin, but when I use my hard earned money to buy something from stranger online, I prefer security. I don't think that we should embrace fundamental views. Why can't we use each tool for the purpose that it does best? Bitcoin is good for many things, but online buying  from strangers is not one of them.

As with many things it can be useful for the right type of transaction for the buyer and seller.. I frankly sell the large majority of my hardware settled via Paypal transactions, it provides an excellent opportunity to deliver hardware to customers that otherwise may not be comfortable purchasing. Also some of my largest Paypal transactions includes large miners, although the reasoning is generally because they like to hold BTC.
full member
Activity: 146
Merit: 100
January 20, 2016, 10:10:45 AM
#9
Quote
but when I use my hard earned money to buy something from stranger online, I prefer security.

a legit seller feels the same way, escrow can be used although is not always secure for either the buyer or seller. unfortunately, there are many scammers out there.

if paypal were fair, and treat the seller with respect , a lot sellers will still use it.  I sell cell phones unlock codes, and have been scammed multiple times from buyers, claiming the code never worked even after showing 100% proof that it did..

you're barking at at the wrong tree here. all i can said is to be cautious dealing with sellers/buyers.
full member
Activity: 182
Merit: 101
January 20, 2016, 09:04:16 AM
#8
---
If I would buy or sell something, I would suggest splitting the PayPal fee.

I think it is better to pay 3.9% or less to PayPal than get scammed.

I don't think this is the right community for you.

Could you please elaborate?

What is the problem?
It is a BITCOIN FORUM, so if you dont believe in the project its probably not the place for you.

Ok I understand that view. But I honestly believe in bitcoin, but when I use my hard earned money to buy something from stranger online, I prefer security. I don't think that we should embrace fundamental views. Why can't we use each tool for the purpose that it does best? Bitcoin is good for many things, but online buying  from strangers is not one of them.
sr. member
Activity: 364
Merit: 250
January 20, 2016, 08:59:18 AM
#7
---
If I would buy or sell something, I would suggest splitting the PayPal fee.

I think it is better to pay 3.9% or less to PayPal than get scammed.

I don't think this is the right community for you.

Could you please elaborate?

What is the problem?
It is a BITCOIN FORUM, so if you dont believe in the project its probably not the place for you.
sr. member
Activity: 364
Merit: 250
January 20, 2016, 08:58:32 AM
#6
side from the issue with digital goods, Paypal doesn't offer any level of anonymity. bitcoin is also an investment, Your paypal wallet isnt
full member
Activity: 182
Merit: 101
January 20, 2016, 08:57:11 AM
#5
---
If I would buy or sell something, I would suggest splitting the PayPal fee.

I think it is better to pay 3.9% or less to PayPal than get scammed.

I don't think this is the right community for you.

Could you please elaborate?

What is the problem?
full member
Activity: 182
Merit: 101
January 20, 2016, 08:55:43 AM
#4
I'm just curious, what is the problem if you buy hardware with paypal? How can you get scammed?

Of course I understand that with digital goods (like buying bitcoin) it does not provide protection.
KWH
legendary
Activity: 1904
Merit: 1045
In Collateral I Trust.
January 20, 2016, 08:47:55 AM
#3
With online trading there is always a scam risk for both seller and buyer. Even with using escrow you can get scammed by escrow provider. What about using Paypal?

With Paypal seller can send online invoice

https://www.paypal.com/us/webapps/mpp/email-invoice

If I understand PayPal's fees correctly, accepting payment  in international sales, when seller is in U.S. costs 3.9% + Fixed Fee** (e.g. €0.35 EUR in euro payments). International sales in eurozone cost 3.4% + €0.35 EUR.

Of course this is a bit pricey, but Paypal has protection for both seller and buyer

https://www.paypal.com/webapps/mpp/paypal-safety-and-security

and  for buyer Refunded Returns service

Disclaimer: I have not sold anything via PayPal and I don't work for PayPal

If I would buy or sell something, I would suggest splitting the PayPal fee.

I think it is better to pay 3.9% or less to PayPal than get scammed.

Paypal TOS offers no guarantee with digital goods.
Even with an invoice, you can still claim you were hacked.
Paypal has some uses but it's crap for the digital world.
This has been covered many times in the past, perhaps a little poking around could have saved you the bother of a new thread.
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
January 20, 2016, 08:43:15 AM
#2
---
If I would buy or sell something, I would suggest splitting the PayPal fee.

I think it is better to pay 3.9% or less to PayPal than get scammed.

I don't think this is the right community for you.
full member
Activity: 182
Merit: 101
January 20, 2016, 08:02:10 AM
#1
With online trading there is always a scam risk for both seller and buyer. Even with using escrow you can get scammed by escrow provider. What about using Paypal?

With Paypal seller can send online invoice

https://www.paypal.com/us/webapps/mpp/email-invoice

If I understand PayPal's fees correctly, accepting payment  in international sales, when seller is in U.S. costs 3.9% + Fixed Fee** (e.g. €0.35 EUR in euro payments). International sales in eurozone cost 3.4% + €0.35 EUR.

Of course this is a bit pricey, but Paypal has protection for both seller and buyer

https://www.paypal.com/webapps/mpp/paypal-safety-and-security

and  for buyer Refunded Returns service

Disclaimer: I have not sold anything via PayPal and I don't work for PayPal

If I would buy or sell something, I would suggest splitting the PayPal fee.

I think it is better to pay 3.9% or less to PayPal than get scammed.
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