You can now fund your paypal account with bitcoins

BantamSystems

newbie

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Quote from: Bitcoininspace on October 15, 2015, 02:12:40 PM

More about it here:

https://www.coinimal.com/trades/sell/paypal

This is a big step for the btc community I believe.

Probably a step backward

The blockchain is a distributed autonomous corporation that offers a service thats a million times more efficient and valuable than anything paypal can bring to the table

Bitcoin was created so that individuals can avoid monopolistic corporations like paypal

Choosing to store your btc with paypal is like telling the neighborhood thief to watch your house while you're away on vacation.

Not recommended

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: kostya.ash on October 18, 2015, 12:35:18 AM

if my way with like this, probably quite easy
deposit in netteler with bitcoins and go to paypal and add funds with credit card ?
CMIIW

not that easy, im ever tryin to verify paypal with neteller, i've been deposited 10$ on my neteller card, and still not accepted on paypal

kostya.ash

sr. member

Activity: 294

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if my way with like this, probably quite easy
deposit in netteler with bitcoins and go to paypal and add funds with credit card ?
CMIIW

maokoto

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: TwinWinNerD on October 17, 2015, 10:37:22 PM

Quote from: SomeBoy on October 17, 2015, 09:04:34 PM

Quote from: Bitcoininspace on October 15, 2015, 02:12:40 PM

(...)

Now why the need for another thread on the same subject? You're clearly being paid to promote this.

https://bitcointalksearch.org/topic/now-paypal-accounts-can-be-funded-with-bitcoin-1209239

I have not paid OP to do this Wink

Great service! I remember 8 months ago when I started in bitcoin, I was looking for a thing like this because I wanted my bitcoin earnings transformed on paypal.

Nowadays I prefer to hold bitcoin though Grin

TwinWinNerD

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CEO Bitpanda.com

Quote from: SomeBoy on October 17, 2015, 09:04:34 PM

Quote from: Bitcoininspace on October 15, 2015, 02:12:40 PM

(...)

Now why the need for another thread on the same subject? You're clearly being paid to promote this.

https://bitcointalksearch.org/topic/now-paypal-accounts-can-be-funded-with-bitcoin-1209239

I have not paid OP to do this Wink

SomeBoy

newbie

Activity: 17

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Quote from: Bitcoininspace on October 15, 2015, 02:12:40 PM

(...)

Now why the need for another thread on the same subject? You're clearly being paid to promote this.

https://bitcointalksearch.org/topic/now-paypal-accounts-can-be-funded-with-bitcoin-1209239

Hellacopter

hero member

Activity: 742

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There is always the risk of chargeback when we try to exchange our Bitcoin for Paypal, the possibility to open dispute against the Bitcoin seller is always possible according Paypal rules, and then it's so risky unless you use trusted escrows, or trusted exchangers, and even in this case it's not hundred per cent safe

TwinWinNerD

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CEO Bitpanda.com

Quote from: erikalui on October 17, 2015, 02:39:01 PM

Quote from: TwinWinNerD on October 17, 2015, 02:23:42 PM

Quote from: erikalui on October 17, 2015, 02:22:10 PM

I thought PayPal started its own exchange service wherein it accepts bitcoins like Payza and PM have. I've never even heard of coinminimal as the site looks dull and untrustworthy. More fear of chargebacks with this website.

Thank you for your feedback Wink

I am the CEO of the website. Maybe I can help you trusting my company.

Oh, good to see you here. The fact the website looks dull and untrustworthy is that it has only 3 payment processors Sepa, PayPal and BTC. It would be better to introduce processors like PM and OKPay which are non reversible methods. PayPal always has the chargeback issue because of which many exchange websites aren't trusted.

We actually have 9 payment processors, 3 of which are for selling bitcoins.

We are online for one year and managed to be the exclusive Neteller Bitcoin merchant for now.

erikalui

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Quote from: TwinWinNerD on October 17, 2015, 02:23:42 PM

Quote from: erikalui on October 17, 2015, 02:22:10 PM

I thought PayPal started its own exchange service wherein it accepts bitcoins like Payza and PM have. I've never even heard of coinminimal as the site looks dull and untrustworthy. More fear of chargebacks with this website.

Thank you for your feedback Wink

I am the CEO of the website. Maybe I can help you trusting my company.

Oh, good to see you here. The fact the website looks dull and untrustworthy is that it has only 3 payment processors Sepa, PayPal and BTC. It would be better to introduce processors like PM and OKPay which are non reversible methods. PayPal always has the chargeback issue because of which many exchange websites aren't trusted.

TwinWinNerD

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CEO Bitpanda.com

Quote from: erikalui on October 17, 2015, 02:22:10 PM

I thought PayPal started its own exchange service wherein it accepts bitcoins like Payza and PM have. I've never even heard of coinminimal as the site looks dull and untrustworthy. More fear of chargebacks with this website.

Thank you for your feedback Wink

I am the CEO of the website. Maybe I can help you trusting my company.

erikalui

legendary

Activity: 2632

Merit: 1094

I thought PayPal started its own exchange service wherein it accepts bitcoins like Payza and PM have. I've never even heard of coinminimal as the site looks dull and untrustworthy. More fear of chargebacks with this website.

Chris_Sabian

legendary

Activity: 896

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I would be very very hesitant to fund my Paypal account with bitcoin. Historically paypal and bitcoin have not gotten along at all. Besides, I would not want to link the 2 together.

TwinWinNerD

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CEO Bitpanda.com

Quote from: emelac on October 17, 2015, 07:08:11 AM

Are New York residents excluded from the Coinimal Paypal funds transfer because of the Bit License? I assume Coinimal would be classified as a money transmitter by the definition given in the Bit License, although I'm not a lawyer. There are also a few other areas in the USA where it's tricky doing Bitcoin business, and I think even Coinbase refuses to open acounts for residents of those areas. Does Coinimal also exclude them?

Yes, we exclude NY residentes.

iram66680

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Quote from: RKing on October 17, 2015, 05:31:03 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

When somebody sell you coins, cannot you pay with Paypal?

It is more of a sell Bitcoins for Paypal on that website. Paypal has a high risk of charge back hence many people would not like it as a payment method for digital currencies unless they can find a way to proof to Paypal that goods were delivered.

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: S4VV4S on October 17, 2015, 06:55:41 AM

Quote from: Borisz on October 17, 2015, 06:48:58 AM

Quote from: kostya.ash on October 17, 2015, 05:00:17 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

actually you can perform any transaction either buy or sell, it is very easy to find here https://bitcointalk.org/index.php?board=53.0 Grin

I was referring to this specific site.

Quote from: TwinWinNerD on October 17, 2015, 06:09:55 AM

Quote from: Amph on October 17, 2015, 06:08:38 AM

Quote from: RKing on October 17, 2015, 05:31:03 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

When somebody sell you coins, cannot you pay with Paypal?

you can only sell at the moment and it's not directly related to someone else buying, i think it's an internal process

i mean you don't sell directly to someone that has money on paypal...

Yes I confirm. You are only trading with Coinimal directly. Never with any other person, as this is the only way we can guarantee that there will be no chargeback.

Yes, I am trading directly with an exchange provider. So how come they are happy taking my coins for PP but I can not use PP to buy their coins? Guess if I want to buy BTC with PP I will also have to make my own exchange service and offer an option "sell your BTC to my for PP".

What you are asking for is I believe not doable at the moment due to chargebacks and PayPal's policy against crypto.

I understand the issue with chargebacks and everyone's fear of scams. Yet this thread simply exists for promoting a site that will pay me with PayPal for my coins. So, it is possible (from the site's perspective). The only question is, why would I trust the site then?

emelac

full member

Activity: 184

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Are New York residents excluded from the Coinimal Paypal funds transfer because of the Bit License? I assume Coinimal would be classified as a money transmitter by the definition given in the Bit License, although I'm not a lawyer. There are also a few other areas in the USA where it's tricky doing Bitcoin business, and I think even Coinbase refuses to open acounts for residents of those areas. Does Coinimal also exclude them?

S4VV4S

hero member

Activity: 1582

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Quote from: Borisz on October 17, 2015, 06:48:58 AM

Quote from: kostya.ash on October 17, 2015, 05:00:17 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

actually you can perform any transaction either buy or sell, it is very easy to find here https://bitcointalk.org/index.php?board=53.0 Grin

I was referring to this specific site.

Quote from: TwinWinNerD on October 17, 2015, 06:09:55 AM

Quote from: Amph on October 17, 2015, 06:08:38 AM

Quote from: RKing on October 17, 2015, 05:31:03 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

When somebody sell you coins, cannot you pay with Paypal?

you can only sell at the moment and it's not directly related to someone else buying, i think it's an internal process

i mean you don't sell directly to someone that has money on paypal...

Yes I confirm. You are only trading with Coinimal directly. Never with any other person, as this is the only way we can guarantee that there will be no chargeback.

Yes, I am trading directly with an exchange provider. So how come they are happy taking my coins for PP but I can not use PP to buy their coins? Guess if I want to buy BTC with PP I will also have to make my own exchange service and offer an option "sell your BTC to my for PP".

What you are asking for is I believe not doable at the moment due to chargebacks and PayPal's policy against crypto.

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: kostya.ash on October 17, 2015, 05:00:17 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

actually you can perform any transaction either buy or sell, it is very easy to find here https://bitcointalk.org/index.php?board=53.0 Grin

I was referring to this specific site.

Quote from: TwinWinNerD on October 17, 2015, 06:09:55 AM

Quote from: Amph on October 17, 2015, 06:08:38 AM

Quote from: RKing on October 17, 2015, 05:31:03 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

When somebody sell you coins, cannot you pay with Paypal?

you can only sell at the moment and it's not directly related to someone else buying, i think it's an internal process

i mean you don't sell directly to someone that has money on paypal...

Yes I confirm. You are only trading with Coinimal directly. Never with any other person, as this is the only way we can guarantee that there will be no chargeback.

Yes, I am trading directly with an exchange provider. So how come they are happy taking my coins for PP but I can not use PP to buy their coins? Guess if I want to buy BTC with PP I will also have to make my own exchange service and offer an option "sell your BTC to my for PP".

TwinWinNerD

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Activity: 1680

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CEO Bitpanda.com

Quote from: Amph on October 17, 2015, 06:08:38 AM

Quote from: RKing on October 17, 2015, 05:31:03 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

When somebody sell you coins, cannot you pay with Paypal?

you can only sell at the moment and it's not directly related to someone else buying, i think it's an internal process

i mean you don't sell directly to someone that has money on paypal...

Yes I confirm. You are only trading with Coinimal directly. Never with any other person, as this is the only way we can guarantee that there will be no chargeback.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: RKing on October 17, 2015, 05:31:03 AM

Quote from: Borisz on October 17, 2015, 04:30:47 AM

I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?

When somebody sell you coins, cannot you pay with Paypal?

you can only sell at the moment and it's not directly related to someone else buying, i think it's an internal process

i mean you don't sell directly to someone that has money on paypal...

Topic: You can now fund your paypal account with bitcoins (Read 2225 times)