1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

[WTF] Found a website that sells bitcoin with a straight up paypal buy now button

Discussion in 'CryptoCurrency' started by greenovni, Apr 20, 2015.

  1. greenovni

    greenovni Regular Member

    Joined:
    Feb 8, 2008
    Messages:
    223
    Likes Received:
    153
    I was talking to a guy I know online (from Puerto Rico) about bitcoins and he told me that he made his first purchase about a day & a half ago. During the conversation he said that it was "so easy since all I had to do was pay with my paypal account". (It took 1 1/2 days for him to receive his 0.25 btc.)

    I could have swore I mis-heard my friend since we all know that selling bitcoins via paypal can subject the business to massive fraud. I know of paypal for btc purchases via localbitcoins but had never seen ANY sites do straight sales just like if you were buying off ebay.

    Lo & behold, my friend was not lying. So I visited the site and there it was, a pricing table with rated and the "get started" buttons are all straight paypal.

    How can that site sell like that without going under? Am I missing something here

    Edit: Site removed since people think that I own the site (which I don't)
     
    Last edited: Apr 20, 2015
  2. addikt

    addikt Newbie

    Joined:
    Apr 14, 2010
    Messages:
    34
    Likes Received:
    34
    Aside from you trying to scam people, no, you are not missing anything..

    Anyone can sell bitcoin for paypal, why the hell would it go under lmao
     
    • Thanks Thanks x 3
  3. xNotch

    xNotch Registered Member

    Joined:
    Sep 16, 2014
    Messages:
    81
    Likes Received:
    19
    It's not strange to sell bitcoins over paypal at all. It's cirtainly not the best method for reasons I'll explain below, but there's nothing "massive fraud"-ish about it. People have been selling bitcoins on Ebay since they got popular.

    Only thing different about selling bitcoins on paypal is that paypal almost always sides with the buyer when it comes to disputes that's why sellers markup the price considerably to cover themselves against chargebacks. It seems your site is charging +$50 above preev.com prices as one would expect.
     
  4. moneyfreedom

    moneyfreedom Jr. VIP Jr. VIP

    Joined:
    Jul 1, 2011
    Messages:
    296
    Likes Received:
    379
    Occupation:
    Internet Marketer
    Did you really think a forum full of BH SEO experts would fall for your half assed scam? It's obvious that your entire message is contrived in order to get people here to buy BTC's from what is obviously your own site. Like CEOsam found out, the community here at BHW is smarter than you think and can smell BS like yours from 10 miles away.
     
  5. internetlol

    internetlol Regular Member

    Joined:
    Feb 11, 2013
    Messages:
    262
    Likes Received:
    48
    Location:
    Houston, tx
    Seems so legit think i'm gonna bookmark that site. Let me click on it since you felt the need to add link text for some mysterious reason.
     
  6. huggiewuggie

    huggiewuggie Newbie

    Joined:
    Jan 22, 2015
    Messages:
    14
    Likes Received:
    0
    I'm a newbie here and even I can smell a scam...
     
  7. greenovni

    greenovni Regular Member

    Joined:
    Feb 8, 2008
    Messages:
    223
    Likes Received:
    153

    It is obvious that I've been a member here for over 7 years without 1 infraction so how in the hell am i trying to scam?

    Why the hell would that website go under? Easy, because paypal payment protection does not apply. The buyer could buy their bitcoins from them using paypal, then when they receive the coins they can claim that "their account got hacked" and paypal would give them a refund no questions asked.

    See how it could go under now?
     
    Last edited: Apr 20, 2015
  8. greenovni

    greenovni Regular Member

    Joined:
    Feb 8, 2008
    Messages:
    223
    Likes Received:
    153
    What I found peculiar about that site is that they sell btc for paypal outright. A buyer can claim that their account was hacked and paypal would refund them no questions asked. I would imagine the amount of chargeback that they must have unless they have ninja skills weeding through scammers.
     
    Last edited: Apr 20, 2015
  9. JhonConzix

    JhonConzix Junior Member

    Joined:
    Oct 27, 2014
    Messages:
    116
    Likes Received:
    68
    [WTF] Means Wants to fuck ?
     
  10. David Cameron

    David Cameron Junior Member

    Joined:
    Jan 10, 2015
    Messages:
    135
    Likes Received:
    28
    Occupation:
    Prime minister of the UK
    Location:
    10 Downing St.
    To be paid by BTC!
     
  11. greenovni

    greenovni Regular Member

    Joined:
    Feb 8, 2008
    Messages:
    223
    Likes Received:
    153
    Means "What The Fuck"
     
  12. DarkParagon

    DarkParagon Registered Member

    Joined:
    Oct 18, 2013
    Messages:
    81
    Likes Received:
    21
    Location:
    Australia
    scam? nooo i dont think so;)
     
  13. viralking

    viralking Power Member

    Joined:
    Nov 11, 2012
    Messages:
    788
    Likes Received:
    209
    Location:
    Cpadoom.com
    Home Page:
    i did this last year for a few months made some decent money from it. only had a few people do the chargeback thing. was selling 1 btc for over 800$ when they were worth about $600
     
  14. blackmint

    blackmint Power Member

    Joined:
    Jun 8, 2013
    Messages:
    652
    Likes Received:
    340
    Location:
    BHW
    1 BTC on the above site is : $ 274.62
    1 BTC on preev.com is : $ 227.30

    $ 47 Difference ?
     
  15. xNotch

    xNotch Registered Member

    Joined:
    Sep 16, 2014
    Messages:
    81
    Likes Received:
    19
    I get what your saying. It's a risky business. If you hit a bad string of chargebacks your done for, but Ive seen it done so clearly people find the risk worth it.
     
  16. demonicsheikh

    demonicsheikh Registered Member

    Joined:
    Jul 31, 2014
    Messages:
    78
    Likes Received:
    5
    Occupation:
    Freelancer
    Location:
    Pakistan
    Home Page:
    I would recommend not to lose your money with scams and try something more legit like localbitcoins.

    No one in the world would give you a buy now button for purchasing bitcoins!
     
  17. Mr Jack

    Mr Jack Junior Member

    Joined:
    Jun 18, 2014
    Messages:
    108
    Likes Received:
    9
    No sane person would accept exchange BTC for CC