Topic: [WTB] Bitcoin for PayPal (Read 1768 times)

Shouldn't this post be in Selling as the poster is not offering bitcoins for something that be purchased?

Also, your unwillingness to wait a few days when I said we could agree on price beforehand, and I would place the coins in the hands of a third party escrow (https://clearcoin.appspot.com/) strikes me as suspicious.

I've already lost 138 bitcoins to a dishonest man (his name is Mark-James McDougall and he is a writer who attends McGill University in Canada in case you want to avoid him).  So, I'm sorry if I'm a bit paranoid.  It's just too easy to fuck someone when you're trading with strangers over the internet.

I'm not looking to start any dishonest trades, I'm just in need of Bitcoins immediately and do not wish to go through other processors that Mt. Gox accepts.

I realise there are risks of chargebacks with PayPal accounts, but I don't believe what you proposed is a solution for it at all. Bank transfers only take 2-5 days whereas the whole transaction could be charged back within a period of up to six weeks , I believe. Getting your money in an actual bank account would not matter, because if it is charged back you would still owe paypal money or they would take it from your account. The most I can do is send it as a 'gift' or 'personal payment owed' with paypal (which doesn't eliminate the charge-back risk but puts a transaction dispute in your favour). I do dozens of paypal transactions daily for other purposes and I would likely suffer more from getting my account frozen than most others would.

In response to JackRabbit, I don't think there's many ways to assure people. The only solution is waiting after the chargeback period to send coins, which is obviously well into the future, at which point even the person with bitcoins could not send (plus significant market fluctuations). Even when buying physical goods (with or without an escrow service), someone can simply choose just to not send the product at all, or someone could say they never received it, it was broken, not the right item etc.

I've been selling some hosting services and other things to people along with some trades in in various IRC channels, but other than that I don't really have rep on here. At the end of the day it's up to you.

I will trade with you on monday (I'm away from my bitcoin wallet for the weekend).  Once we agree on a price, I will set up a clearcoin.com escrow for the bitcoins and you can send me the funds.  I will withdraw the funds to my bank account.  Once that transfer is complete, I will release the escrowed bitcoins.  If paypal freezes my account, it will be your loss.  PM if interested.

Could you provide more information that would lead me away from believing that your just trying to pull off another paypal scam?

I'm looking to buy BTC in quantities of 10 - 30 . No set price each, however will be working near the current rates @ Mt. Gox. I'd be willing to deviate from this quantity range if the deal is good.

I'm PayPal verified, and will ONLY deal with others who are as well.

Contact me via PM.