Quote from: fractureproof on August 29, 2015, 09:59:18 PM

Such short sightedness by PayPal... Sure they could consider bitcoins a competitor to their business... but the need to easily convert between bitcoin & fiat exists and likely to persist "forever".. so providing an easy way for people to trade and convert, they make $$$ on their high fees (which I'm willing to pay for convenience).

To be honest, I've bought and sold tons of stuff on eBay w/ PayPal and had only one problem long long ago where seller didn't send my purchase and disappeared (before the days of guarantees). They work pretty good and IMO offer good service.

However, I'm pretty discouraged that they would always favour the buyer, especially when there is such easy proof of the transaction.

I'm just starting with bitcoin, and I want to buy some.. I want to buy 10 BTC right now from my computer and I can't.

Got my first $200 worth off coinbase.. took a week.. just initiated a wire transfer with coinsetter.. there goes another week..

Hey I was able to buy $25 instantly since my first transaction at coinbase went through.. next week I can do another one..

PayPal might consider Bitcoin to be a competitor, however PayPal <--> bitcoin trades are very high risk for PayPal because often times PayPal accounts actually are hacked.

The difference between buying a physical item on eBay and buying a digital item is that a physical item can easily be traced, so if an item is shipped to the address associated with your PayPal account (as what sellers should insist on doing), then if you dispute the transaction, you would be told that you need to return the item for PayPal to possibly siding with you (assuming there is proof of delivery). With digital items on the other hand, it is difficult to prove that the actual owner of the account was the one who received the digital item.

If you wish to buy 10 BTC then you should open up a thread in Currency Exchange offering to buy that much BTC and offering Cash-like payment options (e.g. cash deposit into someone's bank account, Western Union, Money Gram, W2W, etc.)......just be sure to use escrow if you do trade because of the large number of scammers.