Post
Topic
Board Currency exchange
Re: Beware of PayPal and other reversible transfer services
by
PepsLove
on 17/10/2018, 13:29:38 UTC
Money sent through PayPal and any other money transfer service that accepts credit cards can be easily reversed by the sender, even after several weeks. Therefore, you should only accept PayPal in trades with people you trust very highly.

This is why newbies are not likely to sell their PayPal USD for bitcoins successfully.

Some other services that are not totally safe:
- Bank transfers (ACH, etc.) except wire transfers
- Most gift cards.
- Moneypak
- AlertPay
- Paysafecards
- Dwolla
- Western Union (they reportedly will sue the recipient to recover money in some cases)

I have lost 150$ at paypal for some payment of btc. They can easily create a ticket and force you to refund money back to them. PayPal can charge your credit card if you move your funds out of it. beware.