Quote from: warningsigns on January 22, 2018, 12:51:47 AM

What is the purpose of your escrow offer? To protect who? It protects you only which makes this a bit unfair and one sided. I will explain why:

PayPal is reversible. We all know this. But what makes it even riskier is it can be reversed up to 180 days from the transaction date. That's a generous 6 months for you to decide whether or not you should or would like to dispute the payment and charge back the amount you paid for the coins!

Let's now look deeper into the actual payment system. PayPal allows one to send payment for Family & Friends or Goods & Services. Now, sellers are not allowed to request payment for goods and services as friends and family because doing so can get their F&F privileges revoked. If you insist on paying by F&F for these coins to give anyone selling these coins to you a false sense of security, then that would be circumventing PayPal's purchase protection policy and disputing the payment later can constitute grounds for a payment reversal, especially if you insist the transaction was fraudulent or done without your authorization.

If however you use the Goods & Services option, then you qualify for buyer protection, opening a window of opportunity to dispute and charge back the money paid for the coins. With PayPal's anti-bitcoin tendencies, G&S is simply not an option.

Returning to the F&F option, all you have to do is insist the transaction was a fraudulent one and the recipient is neither your friend nor a family member. Even gifted amounts can be disputed if it was acquired under false pretenses or with an intention to defraud someone or if the sender was criminally coerced to send the payment.

Then of course you have your credit card issuer who can file a charge back, effectively messing up the seller's financial life.

This entire post is meant to convince you to use another payment method. Not just in the interest of fairness but for the seller's safety and protection. There are alternatives, trust me. You could trade your PayPal funds for cash with a family member or friend and use that cash to pay for the coins irreversibly. Or you can withdraw the PayPal funds to your bank account, then take out the cash and pay using a chargeback-proof method.

Hi, thank you for your reply, I understand the concern with PayPal unfortunately it happens to be so that I have funds in PayPal which I wish to spend on crypto...

Harry5555

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