Post
Topic
Board Currency exchange
Re: PAYPAL TO BITCOIN, I SELL BITCOIN, NO ID NO QUESTION ASKED YES ESCROW
by
lucasjkr
on 01/04/2015, 19:27:34 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.

Funny... I sold coins on eBay too, and within 6 months of my sales, nearly every transaction was charged back.

No, I don't think that it's paypal buyers being dishonest, i think that people with stolen PP credentials were scanning eBay looking for suckers selling Bitcoins. Bid on auction, send PP payment of funds that aren't theirs, receive Bitcoin and go on your way... Then a month or two later when someone opens up their CC statement, they say "i didn't order that, that wasn't me", and call either their CC or PP, and complain.... And as a seller of "digital goods", there is zero way that you can prove that the coins you sent were received by the CC owner... You can show a transaction on the blockchain, you can show the eBay messaging, but at the end, you have no legs to stand on...

Somehow, recalling my own experience, I'm not believing you. EXCEPT, if you were selling for 10 or 20 a piece, you were probably a year before me, so maybe its' just that scammers hadn't picked up on Bitcoin quite yet... That's the only thing I can think of, tbh.