Quote from: gonzas144 on June 06, 2011, 11:11:18 PM

...
The only reason that I use PAYPAL is because theres no other way in my country. In most South America countries PAYPAL is used for Ebay buying, and credit cards are not very abundant. People sometime have fear to link their CC to PAYPAL, so they buy credit to a trader. Thats how I get the money in my local currency. I can make that trade because PAYPAL is POPULAR, Ebay is POPULAR, and the demand of PAYPAL credit is hight.

I'm sure that we can think a way to make scamming harder to be accomplish.

I'm in a similar situation where my entire 'banking' profile is online and Paypal represents about the only way I can 'cash out' to live in the real world given my location. I'm by no means a fan of Paypal, I have nothing but contempt for them and their support structures and fees, but it serves a convenient purpose in my case.

I was lucky to not be defrauded (yet - PP has 60 days to get nasty), and kept most trades small as a safeguard. Paypal commenced somewhat clandestine investigations on several of my transactions and cancelled them very quickly to 'protect me' before I released the coins, the rest where legitimate. I was actually quite stunned at how much money people are willing to hand over with absolutely no safeguards, and just an anonymous me and a Confirm button standing between them. The suggestions here can hopefully make the process safer for both parties with a clean recovery strategy in the case of either side failing.

Regardless, I greatly appreciate the efforts thus far and agree Paypal is most definitely not on the critical path for bitcoin success - Paypal just helps take it to a wider audience off the beaten track of the major established finance sectors, and helps me liberate my bitcoins too Grin