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PayPal & options
 

I'm not totally clued up with Bit Coin yet - I'm currently considering if I can add bitcoin account info on future ebay listings as that would be a great way to avoid PayPal.

Anyway, does anyone use or have they considered BitCoin as a way to withdraw funds from PayPal?

I realise it's not entirely economical as there is normally a high commision in buying BitCoin currency and even more via PayPal but could be a way to avoid having to keep getting new bank accounts perhaps or at least to broaden the types of account that can be used in PayPal as it would only be used to lift limits and not make withdrawals.

Any thoughts?

Dangerous - think your account would go down if you publicize this.

Could you expand on what you mean?

Do you mean ebay wouldn't allow use of bitcoin with the excuse that it's dangerous and because they don't want Bitcoin publicised as a means of bypassing PayPal? Shouldn't be any more dangerous than sending a cheque as a seller can still walk off with your money after it's cashed.

Or that using PayPal to turn cash into bitcoin would be dangerous for your paypal ?

The latter should be fine as many people exchange into bitcoin and back using paypal - you are just paying a merchant to perform an exchange service for you.

I realise in my post that I imply you wouldn't need a bank account at all - I guess you will to lift limits anyway.