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RE: Trading my PayPal $ or € for your Ǥ (EUR/USD for GRC). Regular trade.

in #gridcoin6 years ago

The bigger concern with Paypal is chargebacks. For digital goods (like GRC) the payment can be reversed for SIX MONTHS from the day it was made, no questions asked. There are far too many risks associated with this.

Even if people are legit now, what is to stop someone from making a chargeback down the line if their wallet breaks? Or the GRC value plummets? Or if they are suddenly 'strapped for cash'?

Too risky. No-one will, nor should, sell crypto with Paypal.

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Really? Because I got scammed and I could not get my money back. Maybe I wasn't insisting enough? Oh right, it was the Family and Friends thing. You can't get anything back easily if it wasn't a proper sale apparently.
Well anyways. Maybe someone likes to live more dangerous than I do nowadays?
I wouldn't have known that one.

So I suppose we can all now assume dutch to be our friendly guardian character who tries to stop you from making a big mistake. :D

Yeah - if you send the money as a 'gift' you cannot get Paypal to refund you.

However, even then there is a scamming trick I have seen used. You make a 'gift' transfer, so the seller feels confident, but the scammer does it from a credit card. You can then claim unauthorised access of the card to your bank, and the whole transaction is still reversed.

People trade Steam keys and Apple gift cards on the subreddit. Perhaps that's worth a shot?

Well anyways. Maybe someone likes to live more dangerous than I do nowadays?

Or you may run into one of these guys =P

Not trying to say that I don't trust you at all - just saying there are a lot of scammers preying on the crypto community.

Oh trust me I am aware. And the worst part about the last one -not crypto but online game currency- was that the witness was in on it so they just acted as if he had transfered the currency. There is just no winning against well set-up con artists.

I am ok with buying whatever gift card anyone could want btw. because I suppose I can do that in a shop here.

Update:
@dutch: So I found someone who can probably trade with me until I am old and gray. I decided to update the post to reflect that. I hope you don't mind me referencing you -I went a little nuts on that one :D