Reputation won't fix the problem. A buyer with a stolen paypal account only needs to make one purchase to make a profit (he doesn't care about reputation). It usually goes something like this:
1. Buyer with a stolen paypal account sends the payment 2. Seller sees the payment and sends the coins 3. The actual account owner sees the charge and contacts paypal to refund the charge 4. Paypal does a chargeback and takes the payment back from the seller
Now the paypal thief has the coins, while the seller is left with no payment and no coins.
i dont see big problem with scenario you describe here, because there is not so much stolen accounts. bigger issue is to do chargeback on purpose by the real account owner.
Are you sure, you will be success? I hope never with paypal.
Just beware of chargebacks.
i am definitely not sure, but want to try...
Post
Topic
BoardMarketplace (Altcoins)
Topic OP
DogeCoins sell/buy site (PayPal)
by
kamma
on 16/01/2014, 10:05:08 UTC
hello, i created the site for buying/selling dogecoins (any cryptocurrency in near future) with PayPal. At this stage the site works as proof of concept and no other seller registration allowed. I plan to fully open this site for sellers, but have to find out how to keep it trustworthy (probably some seller ratings as on ebay) if you have questions, you can ask me here, or via mail on the site. one of the main reasons, why i made this site is, because of ebay item restrictions (10 items/$500) so here is the link : www.sellcoins.eu thanks for feedback
Cool site, great idea. It's just a shame that your charging almost 80% more than the going rate on any other exchange. Current Doge to USD price at the time of this post. 1k coins = $.00040 You're charging 1k coins = $.0007 (and that's if I buy 100k) The price only jumps in lower quantities, up to 100% more than the exchanges. I'd gladly purchase on this site if prices were much more aligned with the exchanges. In fact I've been waiting for something like this. But even at 80% it's WAY to high to consider.
i just get inspired on ebay, where these are the "standard" prices
I predict you will have a lot of trouble with chargebacks. These types of paypal purchases for bitcoin/dogecoin/etc. are very often made with stolen paypal accounts. Then when the actual owner sees the purchase they will contact paypal and get a refund, which leaves you with a loss.
what is the difference, when i sell it on ebay via paypal ?
Post
Topic
BoardMarketplace (Altcoins)
Re: Wanna buy Doges with PayPal ?
by
kamma
on 15/01/2014, 22:29:47 UTC
we are talking about virtual currency. it will be delivered as soon as your order is made and paid (if its a day here in Czech Republic)
Post
Topic
BoardMarketplace (Altcoins)
Topic OP
Wanna buy Doges with PayPal ?
by
kamma
on 15/01/2014, 18:58:32 UTC
hello, i created the site for buying dogecoins with PayPal. At this stage the site works as proof of concept and no other seller registration allowed. I plan to fully open this site for sellers, but have to find out how to keep it trustworthy (probably some seller ratings as on ebay) if you have questions, you can ask me here, or via mail on the site. one of the main reasons, why i made this site is, because of ebay item restrictions (10 items/$500) so here is the link : www.sellcoins.eu thanks for feedback