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  #1  
Old 06-23-2019
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Default exchange to BTC

Hello,
I have a paypal account and i would like to exchange GBP to bitcoin ,
My question is :
Every day i need to exchange 50-100 GBP to dollar , can i keep ordering from same vendor every day ? or it will make suspension to paypal ?

Thanks
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  #2  
Old 06-23-2019
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Default Re: exchange to BTC

If he has old business account, no issues but if its personal i think some issues may occur. Also, send as g n s rather than f and f
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  #3  
Old 06-23-2019
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Default Re: exchange to BTC

the problem is most sellers avoid gs payments and prefer ff instead)
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  #4  
Old 06-23-2019
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Default Re: exchange to BTC

that will be fee avoidance ,the seller is at risk of being banned by Paypal.
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  #5  
Old 06-23-2019
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Default Re: exchange to BTC

Quote:
Originally Posted by horserider View Post
Hello,
I have a paypal account and i would like to exchange GBP to bitcoin ,
My question is :
Every day i need to exchange 50-100 GBP to dollar , can i keep ordering from same vendor every day ? or it will make suspension to paypal ?

Thanks
Did PAYPAL change its policy,I thought Paypal does not deal with Bitcoin or any crytocurrency,but the new Libra from FB,Paypal is one of its partners
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  #6  
Old 06-23-2019
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Default Re: exchange to BTC

Quote:
Originally Posted by agent006140 View Post
Did PAYPAL change its policy,I thought Paypal does not deal with Bitcoin or any crytocurrency,but the new Libra from FB,Paypal is one of its partners
Did they have a policy with regards to cryptocurrencies specifically?
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  #7  
Old 06-23-2019
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Default Re: exchange to BTC

Quote:
Originally Posted by agent006140 View Post
Did PAYPAL change its policy,I thought Paypal does not deal with Bitcoin or any crytocurrency,but the new Libra from FB,Paypal is one of its partners
Paypal is a partner with Libra? Source?
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  #8  
Old 06-23-2019
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Default Re: exchange to BTC

read press release of FB.
Paypal is one of them,but Libra is different,it is backed by several hard currencies
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  #9  
Old 06-23-2019
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Default Re: exchange to BTC

Quote:
Originally Posted by WEI View Post
Did they have a policy with regards to cryptocurrencies specifically?
you have to read Paypal TERMS AND agreements and its prohibited items list and items which do not qualify for seller protection.
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  #10  
Old 06-23-2019
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Default Re: exchange to BTC

FB is not a partner, but 1 of the libra investors.
libra is not a crypto, but digital fiat
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  #11  
Old 06-23-2019
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Default Re: exchange to BTC

here is more information-
https://techcrunch.com/2019/06/18/facebook-libra/
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  #12  
Old 06-23-2019
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Default Re: exchange to BTC

Quote:
Originally Posted by avtobus View Post
the problem is most sellers avoid gs payments and prefer ff instead)
Receiving F&F payment is not going to save them,if the sender used a credit card,he can always skip PAYPAL and file chargeback with his cc issuer.
CC issuer has no rule on FF vs GS
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  #13  
Old 06-24-2019
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Default Re: exchange to BTC

Quote:
Originally Posted by agent006140 View Post
Receiving F&F payment is not going to save them,if the sender used a credit card,he can always skip PAYPAL and file chargeback with his cc issuer.
CC issuer has no rule on FF vs GS
that's why most of them require to use paypal balance only to change
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