Sell bitcoins online with PayPal My Cash
4 stars based on
78 reviews
I mean, isn't the general rule of thumb not to go too hard too fast? But I guess everyone has different definitions of what constitutes those. PayPal wants to charge sellers their commission and if you're just depositing it into your own bank account they aren't making any money off of fees. Just buy Ebay or Amazon gift cards with your loads and buy gold with them. That's what I do. If they are going to shut you down for doing that, why do they even give you that option?
I'm sure you can do ach into your bank every now and then, as long as it's not like a daily thing I guess right? PPMC seems almost too good to be true. Sell your bitcoin at a marked up rate, ACH it to the bank, and buy more and repeat. It's a real shame for anyone that gets burned with Paypal.
I only sell small amounts of bitcoin to buyers with outrageously good feedback. Otherwise I try to avoid it like the plague. What was your transaction volume like quickcoins4u?
As we've seen with multiple people before, If you don't ask for the buyer to write a message on the receipt, or he gives you an excuse and you still accept it, you risk your paypal account permanently closing and your funds locking for days.
Even having them write a message you still run a slim chance of having your Paypal shut down Stay away if you aren't a professional at this. Basically if you need your paypal account for anything else don't risk it. The scammers here are smarter than you are and you just publicly announced you have no idea what you are doing which makes you a target for them. I learned a lot actually from the whole deal. My problem was I wasn't really using my paypal accounts for anything until I started selling Bitcoin.
So from paypal's perspective, all they saw was someone loading MyCash and then moving it into another paypal account I thought I was being smart by buying Bitcoin from another paypal account. After speaking with a supervisor from paypal who reviewed my account, apparently that kind of activity "isn't what [they] expect from someone using MyCash.
And then I had someone I trust invoice me for the majority of the amount so I could "cash out" and repeat the process. This was yet another stupid idea of mine. My account's perma ban had nothing to do with paypal not "getting their fees," but rather because for some reason the activity seemed too suspiciousat least from an account that was largely unused outside of the MyCash. A friend of mine has no problem doing MyCash because he uses the account to buy normal things and pay off bills using the paypal debit card.
We've put all this together because of the conversation I had with the paypal supervisor and the differences between our accounts' usage. I see a lot of advice from pros to stay away if you are not good at this. But how do you become good? What do the pros do that we need to do to be safer with PPMC trades?
Yeah, I understand, so the argument contradicts itself, because how can you learn from your mistakes if you stay away? Man I wish you the best of luck and patience dealing with PP. I would advise you to prepare for the waiting period before you can access your funds. They do this all the time and it seems they linked your accounts as well.
PP tracks IP's and pc-user accounts, so always cover your tracks when dealing with them. That will almost certainly end up badly. The best thing you could do is to say that you were intending to make online purchases with the funds, since that is what PP wants you using PPMC for. Once again, good luck. So do you guys think i will be able to access all the funds again after the days? IE saving enough to buy a car with ebay motors? Valley did you have your moms and gf's accounts linked to your paypal in someway?
I am just curios how all of that managed to be shut down.
