Safe with paypal when buying BTC?

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moneymagnet246

Power Member

Aug 13, 2014

544

95

• Aug 19, 2014

• #1

Hey everyone. Im new to the whole BTC category. But Im given a great opportunity and I'm wondering if I'd be safe purchasing with Paypal? Thanks!

 

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Deleted member 708208

Guest

• Aug 19, 2014

• #2

You are safe but its hard to believe anyone is accepting paypal for BTC...

 

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moneymagnet246

Power Member

Aug 13, 2014

544

95

• Aug 19, 2014
• Thread Starter Thread Starter

• #3

Really? Haha even better and yeah lol its a great deal too so I thought I was like in no way safe. This is great news man thank you!

rabbitking said:

You are safe but its hard to believe anyone is accepting paypal for BTC...

Click to expand...

 

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cmghoops32

Registered Member

Sep 13, 2011

89

57

• Aug 21, 2014

• #4

Your a hell of a lot safer than whoever is selling the bitcoin! Hardly anyone will accept bitcoin for paypal because of the chargebacks. People buy btc with paypal, say they never got it, keep the btc and the cash.

You can however use virwox and purchase linden sll via paypal (if you PP account is verified), then go and purchase btc with that linden. I am warning you though, I have used them and their fees are quite hefty

 

gary2

Elite Member

Jr. VIP

Jan 20, 2013

3,354

550

• Aug 25, 2014

• #5

I dont think this would be possible anymore... I had read on entrepreneur.com in February 2014 that PayPal is cracking down on Bitcom sellers...It does not want people selling bitcoins on it platform

 

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phirex

Power Member

Nov 17, 2009

517

262

• Aug 25, 2014

• #6

if they want you to send the paypal money first, then they're the ones who are probably trying to scam you here.
they'll probably never send you any BTC and will try to clear the funds out of their account before your complaint helps paypal.
also, paypal might not refund you due their strict policies against bitcoin.

 

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moneymagnet246

Power Member

Aug 13, 2014

544

95

• Aug 29, 2014
• Thread Starter Thread Starter

• #7

Well I am sending it first, but I get it same day. If not ill just dispute. Still safe or nah?

phirex said:

if they want you to send the paypal money first, then they're the ones who are probably trying to scam you here.
they'll probably never send you any BTC and will try to clear the funds out of their account before your complaint helps paypal.
also, paypal might not refund you due their strict policies against bitcoin.

Click to expand...

 

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Graelasting

Newbie

Aug 29, 2014

17

0

• Aug 29, 2014

• #8

It seems a bit dodgy to me, though a someone else mentioned, this other person is at a higher risk than you if they send it first.

If not, I'd tread lightly

 

zebrahat

Elite Member

Aug 6, 2008

2,514

3,037

• Aug 29, 2014

• #9

You can now purchase BTC via Payza. If you link a Payza account to the same bank as the one on your Paypal, you could move funds from Paypal > Payza > BTC, if you can wait a few days for processing.

 

sysco32

Power Member

Feb 5, 2014

708

287

• Aug 29, 2014

• #10

You are only safe with PayPal if you buy shippable items otherwise you are fckd.I lost one dispute,than did charge back and it is already 3 months.Nothing happened.SO don't use PayPal if you don't have to.They don't insure digital items.

 

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samatar_h

Regular Member

Mar 20, 2013

236

40

• Aug 29, 2014

• #11

paypal is going to incorporate bitcoin soon

 

myinternetempire

Senior Member

Oct 24, 2011

875

176

• Sep 1, 2014

• #12

I am not sure that PayPal is accepting BTC or not. Recently i have found on a magazine that ebay start accepting BTC.