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Bitcoin

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New Community Member

Bitcoin

Can Bitcoin be used, bought or sold, usind PayPal
1 REPLY 1
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Esteemed Advisor

Re: Bitcoin

@Lyles99volvo 

 

No, sorry.

 

https://www.paypal.com/us/webapps/mpp/ua/acceptableuse-full?locale.x=en_US

 

"(h) involve currency exchanges or check cashing businesses"

 

Or you specifically have to get permission to do it as a company/business like Coinbase. Not as some individual, private seller on the hush. Selling like that attract scams towards you. Not to mention you won't be covered under seller protection:

 

Ineligible items and transactions

Your sale is not eligible for coverage under PayPal’s Seller Protection program if:

  • It involves intangible, non-physical, items, including digital goods, and services. Digital goods are delivered and used in an electronic format, like a song delivered online or through a mobile application.
  • The buyer claims (either with us or their card issuer) that the item you sent isn’t what was ordered (referred to as a “Significantly Not as Described” claim).
  • It involves an item that PayPal determines, in its sole discretion, is a counterfeit item.
  • It involves an item that you deliver in person, including in connection with a payment made in your physical store.
  • It involves sales that are not processed either through a buyer’s PayPal account or a PayPal guest checkout transaction. For example, if the sale was made using the PayPal Payments Pro/VT product, PayPal business payments or using PayPal Here, then it is not eligible for coverage. 
  • It involves items equivalent to cash including gift cards.
  • It involves a donation.
  • It relates to the purchase of a financial product or investment of any kind.
  • It involves a payment sent using PayPal’s friends and family functionality.
  • It involves a payment made using PayPal Payouts and Mass Pay.
  • The item is a vehicle, including, but not limited to a motor vehicle, motorcycle, recreational vehicle, aircraft or boat.

So it will be your risk if a buyer files a dispute or chargeback.


Kudos & Solved are greatly appreciated. 🙂