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Topic: You can now fund your paypal account with bitcoins (Read 2233 times)

BantamSystems
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You can now fund your paypal account with bitcoins
December 21, 2015, 01:46:34 PM
#42
Quote from: Bitcoininspace on October 15, 2015, 01:12:40 PM
More about it here:

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

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

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
Re: You can now fund your paypal account with bitcoins
October 18, 2015, 01:46:25 AM
#41
Quote from: kostya.ash on October 17, 2015, 11:35:18 PM
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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 11:35:18 PM
#40
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 ✪
Re: You can now fund your paypal account with bitcoins
October 17, 2015, 10:04:42 PM
#39
Quote from: TwinWinNerD on October 17, 2015, 09:37:22 PM
Quote from: SomeBoy on October 17, 2015, 08:04:34 PM
Quote from: Bitcoininspace on October 15, 2015, 01:12:40 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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 09:37:22 PM
#38
Quote from: SomeBoy on October 17, 2015, 08:04:34 PM
Quote from: Bitcoininspace on October 15, 2015, 01:12:40 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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 08:04:34 PM
#37
Quote from: Bitcoininspace on October 15, 2015, 01:12:40 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
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 07:00:24 PM
#36
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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 01:41:01 PM
#35
Quote from: erikalui on October 17, 2015, 01:39:01 PM
Quote from: TwinWinNerD on October 17, 2015, 01:23:42 PM
Quote from: erikalui on October 17, 2015, 01:22:10 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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 01:39:01 PM
#34
Quote from: TwinWinNerD on October 17, 2015, 01:23:42 PM
Quote from: erikalui on October 17, 2015, 01:22:10 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
Re: You can now fund your paypal account with bitcoins
October 17, 2015, 01:23:42 PM
#33
Quote from: erikalui on October 17, 2015, 01:22:10 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
Re: You can now fund your paypal account with bitcoins
October 17, 2015, 01:22:10 PM
#32
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
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Activity: 896
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 10:05:22 AM
#31
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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 09:36:55 AM
#30
Quote from: emelac on October 17, 2015, 06:08:11 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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 08:54:19 AM
#29
Quote from: RKing on October 17, 2015, 04:31:03 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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
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Activity: 476
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 06:12:07 AM
#28
Quote from: S4VV4S on October 17, 2015, 05:55:41 AM
Quote from: Borisz on October 17, 2015, 05:48:58 AM
Quote from: kostya.ash on October 17, 2015, 04:00:17 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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, 05:09:55 AM
Quote from: Amph on October 17, 2015, 05:08:38 AM
Quote from: RKing on October 17, 2015, 04:31:03 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 06:08:11 AM
#27
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
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 05:55:41 AM
#26
Quote from: Borisz on October 17, 2015, 05:48:58 AM
Quote from: kostya.ash on October 17, 2015, 04:00:17 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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, 05:09:55 AM
Quote from: Amph on October 17, 2015, 05:08:38 AM
Quote from: RKing on October 17, 2015, 04:31:03 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 05:48:58 AM
#25
Quote from: kostya.ash on October 17, 2015, 04:00:17 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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, 05:09:55 AM
Quote from: Amph on October 17, 2015, 05:08:38 AM
Quote from: RKing on October 17, 2015, 04:31:03 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 05:09:55 AM
#24
Quote from: Amph on October 17, 2015, 05:08:38 AM
Quote from: RKing on October 17, 2015, 04:31:03 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 05:08:38 AM
#23
Quote from: RKing on October 17, 2015, 04:31:03 AM
Quote from: Borisz on October 17, 2015, 03:30:47 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...
Q7
sr. member
Activity: 448
Merit: 250
Re: You can now fund your paypal account with bitcoins
October 17, 2015, 04:58:57 AM
#22
Looks more like a third party services rather than a direct support involving paypal. Not sure how safe would that be or would it involve a conflict that can cause your paypal fund to be frozen since paypal are known for having that tendency. I can also imagine the fees involved in the withdrawal process. Also that reminds me of payza.
RKing
newbie
Activity: 56
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 04:31:03 AM
#21
Quote from: Borisz on October 17, 2015, 03:30:47 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?
kostya.ash
sr. member
Activity: 294
Merit: 250
Re: You can now fund your paypal account with bitcoins
October 17, 2015, 04:00:17 AM
#20
Quote from: Borisz on October 17, 2015, 03:30:47 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
Borisz
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Activity: 476
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 03:30:47 AM
#19
I can sell my coins for PayPal, but I cannot BUY coins with PayPal. Any chance this will change?
densuj
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Re: You can now fund your paypal account with bitcoins
October 17, 2015, 03:25:13 AM
#18
Any bodies was tried ?  Roll Eyes
Bitcoininspace
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 07:59:15 PM
#17
Quote from: letyouearn on October 15, 2015, 01:18:45 PM
Looks like you are trying to advertise your site here for getting quick traffic in the form of discussion. It's not a news or any new thing. 



No. I have no correlation with the site or its owners in any way, I just thought it would be news to some people as it was news for me as well.
TwinWinNerD
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 06:00:20 PM
#16
Quote from: christycalhoun on October 15, 2015, 05:58:56 PM
The amount you offer seems kind of low. Still, I wish you luck. It is risky to run an exchange with Paypal.

The price you get is the current market price on Kraken.com. How can this be considered low? (Maybe I am missunderstanding your concern)

As we don't sell Bitcoin for PayPal, there isn't much risk involved.
christycalhoun
sr. member
Activity: 378
Merit: 250
Re: You can now fund your paypal account with bitcoins
October 15, 2015, 05:58:56 PM
#15
The amount you offer seems kind of low. Still, I wish you luck. It is risky to run an exchange with Paypal.
RussianRaibow
hero member
Activity: 616
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I AM A SCAMMER
Re: You can now fund your paypal account with bitcoins
October 15, 2015, 05:54:41 PM
#14
Quote from: Bitcoininspace on October 15, 2015, 01:12:40 PM
More about it here:

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

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

There is already a topic on it with extensive discussion - https://bitcointalksearch.org/topic/now-paypal-accounts-can-be-funded-with-bitcoin-1209239

It is better if you please lock this one.
TwinWinNerD
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 05:49:53 PM
#13
If you still have any questions/concerns, I am the CEO of the service in question. Happy to answer to you!

Regards
Cereberus
legendary
Activity: 910
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 04:22:01 PM
#12
The CEO of coinimal is already addressing any of members concerns.
Discussion here: https://bitcointalksearch.org/topic/now-paypal-accounts-can-be-funded-with-bitcoin-1209239
mirana12345
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PM me to buy traffic for your site!
Re: You can now fund your paypal account with bitcoins
October 15, 2015, 04:20:48 PM
#11
Quote from: samuel999 on October 15, 2015, 03:39:47 PM
What about the other way? Can I use my paypal to buy some Bitcoin?

You can try your luck in the currency exchange sub section of the forum here ; https://bitcointalk.org/index.php?board=53.0  but considering that most of the people will
only deal with trusted members when accepting paypal, i wouldn't hope too much.

Regarding to op; It was never a problem to get paypal for your bitcoins, as many members offer it here on forum, and you can even ofen get a better rate than market one.
The news would be if someone would offer a web service that this user i quoted above asked (pp>btc), which isn't happening soon.
Mickeyb
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Move On !!!!!!
Re: You can now fund your paypal account with bitcoins
October 15, 2015, 04:18:13 PM
#10
Quote from: gentlemand on October 15, 2015, 02:58:32 PM
Quote from: PolarPoint on October 15, 2015, 02:55:27 PM

How established is Coinimal? Haven't heard of it before.

I always find googling this is a good metric - site:bitcointalk.org coinimal

1330 results which is more reassuring than your average fly by night operation.

Also to add on the top of the Google search, an owner of Coinimal.com is a seasoned bitcoiner and a user of this forum. His handle is TwinwinnerD and he is also an escrow of the forum.

So if you are going to use his escrow and you can see his reputation and trust rating, I am sure you can trust his exchange to send you PayPal funds for your coins.
Mickeyb
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Move On !!!!!!
Re: You can now fund your paypal account with bitcoins
October 15, 2015, 04:12:32 PM
#9
Quote from: samuel999 on October 15, 2015, 03:39:47 PM
What about the other way? Can I use my paypal to buy some Bitcoin?

No you can't! It's too risky for a seller and nobody with right mind will ever offer this! Also PayPal hates Bitcoin, so they will use every case possible to chargeback gladly when someone scams and asks for a chargeback.

This is a handy service for people that need to sell their coins quickly and pay something with PayPal or transfer funds to some other PayPal user that is not familiar with Bitcoin.
samuel999
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 03:39:47 PM
#8
What about the other way? Can I use my paypal to buy some Bitcoin?
Omikifuse
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 03:06:36 PM
#7
You use a 3rd part to fund your account with BTC. There is always the risk of chargebacks.

I wish the day when you can fund paypal with BTC, because several places only accept paypal and not BTC. When I send money abroad I pay taxes, I could avoid it with BTC
codishmumu
member
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 02:58:38 PM
#6
Quote from: letyouearn on October 15, 2015, 01:18:45 PM
Looks like you are trying to advertise your site here for getting quick traffic in the form of discussion. It's not a news or any new thing. 


To me it's news. Then again, anything bitcoin related is news. I knew nothing of this currency. I'm here by accident.

I needed to transfer my bitcoins to PayPal, but it doesn't matter anymore.
gentlemand
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 02:58:32 PM
#5
Quote from: PolarPoint on October 15, 2015, 02:55:27 PM

How established is Coinimal? Haven't heard of it before.

I always find googling this is a good metric - site:bitcointalk.org coinimal

1330 results which is more reassuring than your average fly by night operation.
PolarPoint
hero member
Activity: 672
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 02:55:27 PM
#4
This will be useful to a lot of members! The biggest problem with selling bitcoin for paypal is chargeback. If this site is trustworthy, it will not apply for chargeback making the deal very safe. Before this, people can only sell to trusted members at below market rate.

How established is Coinimal? Haven't heard of it before.
gentlemand
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 02:29:37 PM
#3
It may well be of use to plenty of folks. Coinimal is a well established setup. Not my idea of fun but loads of people seem to be looking for this.
letyouearn
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Re: You can now fund your paypal account with bitcoins
October 15, 2015, 01:18:45 PM
#2
Looks like you are trying to advertise your site here for getting quick traffic in the form of discussion. It's not a news or any new thing. 

Bitcoininspace
sr. member
Activity: 574
Merit: 250
Re: You can now fund your paypal account with bitcoins
October 15, 2015, 01:12:40 PM
#1
More about it here:

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

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