Post
Topic
Board Trading Discussion
Re: where can i get $2 worth of btc via paypal?
by
tspacepilot
on 29/04/2014, 17:13:54 UTC
you can use http://www.bitcoininsanity.com/ for this ...

I looked at the site, and it's not clear how they avoid being ripped off with charge-backs.
Any idea how they actually control/avoid fraud?


They're limiting people to like 0.046 BTC / day for $25, which is actually like $20 worth of BTC..

So basically they're counting on the fact that there's not many ppl who are going to do chargeback fraud to make 20 bucks.

Interesting service, but 25% markup ? Dang!

I guess the high markup also relates to the risk of chargeback fraud they they're incurring.  I still haven't bought btc via credit card or paypal so it's interesting to me to hear about the state-of-affairs related to those kinds of purchases.  For btc to really thrive, at some point it will have to be easy for the common (wo)man to switch back and forth from fiat even for small amounts.