I'm new to BTC and see a good number of ads on LBC for people buying BTC for Paypal (sent as payment for goods/services) at slightly higher than market rate. How much risk is associated with this? Some of these sellers have 100% feedback and 1k+ confirmed trades.
I am aware of the whole charge back issue with Paypal MC cards purchased with CC. Does the same principle apply here?
I'm sure there are trusted buyers and sellers of bitcoin for paypal on there, but even if they've done plenty of trades and received a lot of feedback that doesn't mean to say they can't chargeback at some point. It wouldn't surprise me if some sellers just try the long con building up few trades than attempting to do a mass chargeback. I'd just be weary of the risks and do you research on the buyers but I personally wouldn't risk it.