Post
Topic
Board Bitcoin Discussion
Topic OP
[IDEA] Transfer money to any Paypal acc with Bitcoins
by
Drome
on 07/04/2012, 18:28:51 UTC
We've seen Paypal stopping service allowing one to buy bitcoins with paypal, but is there a service to send money to a paypal email account with bitcoins?

If not, I think that would be a useful service. For example, many place accept paypal donations but not bitcoin. Instead of getting them to accept bitcoin directly, a service could offer this service.

The company would need to be trusted and would just require a paypal email address and give out a one-time btc address. A bitcoiner would then send the btcs to the address and the company would then use its own paypal account and transfer the equivalent amount to the destination paypal account from its own funds. The transaction is irreversible from the bitcoiner's point of view so there is no risk of chargeback.

If for some reason the paypal recipient rejects the donation/transfer or the paypal email is incorrect, the bitcoiner could also provide a return btc address for the funds.

The company would of course charge a transaction fee and/or a spread on the current MtGox rate.

Would be a great way to send money anonymously to paypal accounts.