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Recurring conversions of btc into paypal and vice versa

Discussion in 'CryptoCurrency' started by Rajput Singh, Jul 25, 2018.

  1. Rajput Singh

    Rajput Singh Newbie

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    Hello everyone.

    I have a question. So I have this idea to get a new premier paypal account, maybe buy it from someone, I have researched buyvcc.com etc., and to get recurring business with this account online.

    I want to get this money from paypal into a btc account that I own, recursively. This is because I dont trust paypal at all to hold my money. My question is, is this going to become a problem? If i keep paying the exchanges say every day or week or however long to take say, 200 bucks from my paypal into btc...

    Now i also want to ask the reverse, if I keep recursively putting money from my btc wallet to paypal, is paypal going to raise eyebrows and shut down the account? Thanks
     
  2. GainRank

    GainRank Jr. VIP Jr. VIP

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    Honestly, as long as you're from a country where PayPal is allowed and you're doing nothing wrong, theres nothing to worry about. I've been using PayPal for payment processing for almost 10 years now and other than my account being limited years and years ago due to an income threshold (I verified identity and answered their income related questions and it was activated again) I've had no issues at all with them.

    If you are outside of the countries that are allowed to use PayPal and or you're just doing something sketchy, then to answer your question; they are mostly concerned with where money is coming from and certain amounts. For example, they are not going to limit your paypal if you receive 5 $4 payments over a years time, its only once you start getting large transaction amount or large total sum of money coming in that they limit accounts to get more information to mitigate the risk on their end.
    NOTE: The above is my understanding of how the limiting works, this is by no means factual information, just my take on it.
     
  3. Couldee

    Couldee Junior Member

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    If you don't trust PayPal so much you can use any service to transfer money to Bitcoins, for example Virwox. The same thing goes with returning money from Bitcoin to PayPal, there's an Evonax service. But as for me you'll just lose time converting it all the time. As PayPal works well and I never had any problems with my money on it. So it's up to you. Such services exist and you can try it.
     
  4. great warrior

    great warrior BANNED BANNED

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    Trading paypal to btc is a bitch. I've been trying to get some btc for an entire fucking day and either they attempt to scam me, or they flat out refuse to do it unless I send first via F&F. Beware, you need to have a massive reputation for someone to even consider trading with you.
     
  5. davids355

    davids355 Moderator Staff Member Moderator Jr. VIP

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    Thread moved.
     
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