I have bought paypal money for BTC in localbitcoins.com and looked like a fairly secure site. Would recommend that with the knowledge I posses right now.
Topic: WTK about Paypal! (Read 1548 times)
For PayPal and Bitcoin transfers, you can try VirWox but their fee is very high. Trusting members of this forum is risking your PP funds as not always people transact in bitcoins via PayPal and sometimes chargebacks don't work if the seller doesn't send the bitcoins. You already have a neutral feedback claiming you are UME and hence it's very unlikely that you can trade via PP with any member of this forum.
First of all its not About my previous account ! second if you can prove anything i done bad on the forum show me !
UME story is really hurting one i dont want to explain to every person ! i m done pm'ing every single reputable person on this forum ..
Thanks for your suggestion .
I know it's not about your old account and it has nothing to do with this thread. I just gave it as an example since when members deal with BTC via PayPal, the rating does matter and if one is not reputed enough to be trusted with a payment processor as weak as PayPal, nobody deals with the person unless the person is a newbie or jr. member.
Trading irreversible currency(bitcoin) with highly reversible payment(Paypal) is ofcourse not a good idea. But if you still wish to do trade via paypal, i would suggest you to do 1-2 small trades and accept payment is gift. Wait for 1-2 months and then trade with it! Then the paypal owner would not able to claim that his account was hacked and payment was made unintentionally as he/she has already sent you the payment before!
I heard that PayPal is very unfriendly towards bitcoin. If they find out you are using PayPal to deal with Bitcoins they will instantly close your account.
For PayPal and Bitcoin transfers, you can try VirWox but their fee is very high. Trusting members of this forum is risking your PP funds as not always people transact in bitcoins via PayPal and sometimes chargebacks don't work if the seller doesn't send the bitcoins. You already have a neutral feedback claiming you are UME and hence it's very unlikely that you can trade via PP with any member of this forum.
First of all its not About my previous account ! second if you can prove anything i done bad on the forum show me !
UME story is really hurting one i dont want to explain to every person ! i m done pm'ing every single reputable person on this forum ..
Thanks for your suggestion .
Whatever , I don't have enough time for this !
For PayPal and Bitcoin transfers, you can try VirWox but their fee is very high. Trusting members of this forum is risking your PP funds as not always people transact in bitcoins via PayPal and sometimes chargebacks don't work if the seller doesn't send the bitcoins. You already have a neutral feedback claiming you are UME and hence it's very unlikely that you can trade via PP with any member of this forum.
First of all its not About my previous account ! second if you can prove anything i done bad on the forum show me !
UME story is really hurting one i dont want to explain to every person ! i m done pm'ing every single reputable person on this forum ..
Thanks for your suggestion .
For PayPal and Bitcoin transfers, you can try VirWox but their fee is very high. Trusting members of this forum is risking your PP funds as not always people transact in bitcoins via PayPal and sometimes chargebacks don't work if the seller doesn't send the bitcoins. You already have a neutral feedback claiming you are UME and hence it's very unlikely that you can trade via PP with any member of this forum.
First of all its not About my previous account ! second if you can prove anything i done bad on the forum show me !
UME story is really hurting one i dont want to explain to every person ! i m done pm'ing every single reputable person on this forum ..
Thanks for your suggestion .
For PayPal and Bitcoin transfers, you can try VirWox but their fee is very high. Trusting members of this forum is risking your PP funds as not always people transact in bitcoins via PayPal and sometimes chargebacks don't work if the seller doesn't send the bitcoins. You already have a neutral feedback claiming you are UME and hence it's very unlikely that you can trade via PP with any member of this forum.
If this happens then the seller's paypal will get negative balance like -$200
So if the seller chooses to use again this paypal account then he should pay this negative balance.
Otherwise there is no chance to get back the money, haven't any experience in this in the past.
But what if you create new paypal account with fake details? You wouldn't really care about negative balance as you won't use that account again.
Oh i see , But i hope he pays me first then it'll be much more good for me !
You'd have zero risk then. But I doubt that he would do that, unless he really trusts you.
Does he sell much below market price? If so, that's a big red flag.
ps. Anyone knows are unverified paypal accounts allowed to receive payments and spend balance?
I dont know but mine is verified account !
well 1$ for like 1$ i m getting !
I meant seller's account. Just wondering what happens when he scams you and spends your money immediately. How will paypal recover the funds? I doubt they'll be very happy to refund you with their own money.
If this happens then the seller's paypal will get negative balance like -$200
So if the seller chooses to use again this paypal account then he should pay this negative balance.
Otherwise there is no chance to get back the money, haven't any experience in this in the past.
Oh i see , But i hope he pays me first then it'll be much more good for me !
You'd have zero risk then. But I doubt that he would do that, unless he really trusts you.
Does he sell much below market price? If so, that's a big red flag.
ps. Anyone knows are unverified paypal accounts allowed to receive payments and spend balance?
I dont know but mine is verified account !
well 1$ for like 1$ i m getting !
I meant seller's account. Just wondering what happens when he scams you and spends your money immediately. How will paypal recover the funds? I doubt they'll be very happy to refund you with their own money.
Oh i see , But i hope he pays me first then it'll be much more good for me !
You'd have zero risk then. But I doubt that he would do that, unless he really trusts you.
Does he sell much below market price? If so, that's a big red flag.
ps. Anyone knows are unverified paypal accounts allowed to receive payments and spend balance?
I dont know but mine is verified account !
well 1$ for like 1$ i m getting !
Oh i see , But i hope he pays me first then it'll be much more good for me !
You'd have zero risk then. But I doubt that he would do that, unless he really trusts you.
Does he sell much below market price? If so, that's a big red flag.
ps. Anyone knows are unverified paypal accounts allowed to receive payments and spend balance?
I think that it depends on the country that you registered in.
To spend balance you can't with a unverified paypal account.
But in some cases you can receive but i just heard didn't had any experience.
Oh i see , But i hope he pays me first then it'll be much more good for me !
You'd have zero risk then. But I doubt that he would do that, unless he really trusts you.
Does he sell much below market price? If so, that's a big red flag.
ps. Anyone knows are unverified paypal accounts allowed to receive payments and spend balance?
Generally you should be safe. But (afaik) if you send money as 'gift' the only way you can get it back (if seller fails to deliver) is to claim (lie) that your account got hacked. So make sure you send it as payment (he can email you detailed payment request beforehand).
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
You mean if i make 10 transactions of 10$ then i'll be in safer zone ? But the transactions fees
try to go to trade exchange section, lots of trusted member are doing business there, you can exchange your Paypal to BTC and vice versa
Or go to localbitcoins
Hope this helps
Reputable members = Higher interest
So i,ll give him a try i'm talking with him as soon as i done the deals i,ll lock the thread down .
Generally you should be safe. But (afaik) if you send money as 'gift' the only way you can get it back (if seller fails to deliver) is to claim (lie) that your account got hacked. So make sure you send it as payment (he can email you detailed payment request beforehand).
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
You mean if i make 10 transactions of 10$ then i'll be in safer zone ? But the transactions fees
try to go to trade exchange section, lots of trusted member are doing business there, you can exchange your Paypal to BTC and vice versa
Or go to localbitcoins
Hope this helps
Generally you should be safe. But (afaik) if you send money as 'gift' the only way you can get it back (if seller fails to deliver) is to claim (lie) that your account got hacked. So make sure you send it as payment (he can email you detailed payment request beforehand).
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
You mean if i make 10 transactions of 10$ then i'll be in safer zone ? But the transactions fees
Then make it 5, or 3, or whatever you want. Or just make one small, test tx first just to make sure he has bitcoins at all.
But more important for you would be to send money as payment.
Oh i see , But i hope he pays me first then it'll be much more good for me !
Generally you should be safe. But (afaik) if you send money as 'gift' the only way you can get it back (if seller fails to deliver) is to claim (lie) that your account got hacked. So make sure you send it as payment (he can email you detailed payment request beforehand).
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
You mean if i make 10 transactions of 10$ then i'll be in safer zone ? But the transactions fees
Then make it 5, or 3, or whatever you want. Or just make one small, test tx first just to make sure he has bitcoins at all.
But more important for you would be to send money as payment.
Generally you should be safe. But (afaik) if you send money as 'gift' the only way you can get it back (if seller fails to deliver) is to claim (lie) that your account got hacked. So make sure you send it as payment (he can email you detailed payment request beforehand).
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
You mean if i make 10 transactions of 10$ then i'll be in safer zone ? But the transactions fees
Generally you should be safe. But (afaik) if you send money as 'gift' the only way you can get it back (if seller fails to deliver) is to claim (lie) that your account got hacked. So make sure you send it as payment (he can email you detailed payment request beforehand).
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
And as an extra precaution, you can divide it into several smaller transactions to reduce the risk.
You mean if i make 10 transactions of 10$ then i'll be in safer zone ? But the transactions fees
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