The is the one disadvatage for buying bitcoin using paypal.In short,the payment that can reverse is totally will give a risk to the seller.That why many seller will ask the buyer their sensitive information like Identity Card and etc.
This is the first I've heard of PayPal reversing a payment.
if this is true why aren't most businesses complaining about PayPal reversing payments?
Same reason they dont complain about Credit Card companies reversing payments. It does not happen that often and there usually is at least an address involved.
Thanks for all your help, but
I AM NOT GOING TO GIVE STRANGERS all kinds of sensitive personal information about myself if I can help it!!!
I don't trust these people with my credit card numbers and if they don't trust PayPal then BitCoins are NOT for me!!
Some want a photo of me holding my identification card
RIDICULOUS!!!!
I DON'T KNOW THESE PEOPLE!!!
FORGET IT!!!
Are those actually people or do you use services? Services might be required by law (AML/KYC) to gather these information. If you trust paypal to have your back in peer-to-peer trades, bitcoin is probably not for you indeed.