Post
Topic
Board Currency exchange
Re: PAYPAL TO BITCOIN, I SELL BITCOIN, NO ID NO QUESTION ASKED YES ESCROW
by
Pushtheghost
on 01/04/2015, 18:26:20 UTC
Why does everyone think people that will use PayPal to buy coins are dishonest thieves who charge back? I assume most people just have some funds laying around in paypal and want to buy some coins with it like I do, I sell quite a bit off ebay and therefore if I sent funds to another member I cannot charge back because my purchase wasn't funded by a credit card. Maybe its all changed now with the price of BTC what it is but back in the day when I first started out and coins were $10-20 I sold thousands worth on eBay and never ONCE had a single chargeback out of 100+ orders. Maybe I ran good but before I completed a sale I made sure the buyers had positive feedbacks.

Generally speaking, dishonest thieves here will use stolen PayPal accounts to fund purchases of online goods (namely bitcoins in this case, and because a bitcoin transaction is irreversible). In many cases, it's not these people actually making the chargebacks themselves, but instead the rightful owners of these accounts contacting the Police or their Banks and them reversing the transactions. People who do this are idiots because they're committing fraud, but many are merely teenagers and don't understand the full consequences of their actions.

Members and everyone in general are correct to be wary when accepting paypal payment in return for bitcoin.