Post
Topic
Board Currency exchange
Re: JayBTClover Bitcoin SHOP! GET BTC FAST!
by
TheUltraElite
on 02/01/2020, 10:36:59 UTC
What's the problem of dealing with non reverseable transaction if you going to use escrow?
Using an escrow does not waive the problem of you scamming others. Since you are going to send from WU, you can reverse the money after months of doing the exchange and having the bitcoins with you while claiming fraud or chargeback. Then you will be be getting the money back and the bitcoins in your ownership too, making it an effective scam. Escrow would have been the middleman during the transfer. They cannot protect a buyer from a claim that is months later after the transaction.

Read here - Beware of PayPal and other reversible transfer services

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:

- Western Union (they reportedly will sue the recipient to recover money in some cases)