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#Post#: 15--------------------------------------------------
sell bitcoin paypal
By: wided Date: September 2, 2017, 5:41 am
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sell bitcoin paypal Users on Bitcointalk, a popular online
discussion forum for the Bitcoin community, are indignant
Wednesday following a report that PayPal is enforcing a
draconian ban on all things Bitcoin. User newguy05 wrote that
his account had been suspended after he sold some Casascius
bitcoins -- collectible coins of brass and other metals. Each
coin comes with its own Bitcoin address and a private key to
access an amount of the digital money equal to the purported
value of the physical coin. They are often seen in pictures
illustrating media reports about Bitcoin. ’Paypal has largely
ignored and allowed physical Bitcoin sales until beginning of
this year when some kind of new policy triggered a massive
account review on everything Bitcoin-related that’s considered
high value sales, including physical coins,’ newguy05 wrote. In
an earlier post dated Feb. 4, newguy05 said that ’PayPal has
started a massive banning campaign on accounts selling anything
Bitcoin-related, whether it’s mining equipment, ebooks, or the
currency itself.’ Not everyone will be shocked by this news.
Some see the cryptocurrency as a natural enemy of PayPal,
because the sort of transaction fees that PayPal charges as a
matter of course are nonexistent in person-to-person Bitcoin
transactions. According to a PayPal representative, merchants
who sell Bitcoin mining equipment are in the clear and can
continue to offer PayPal as a payment option. The company
expects all participating merchants to follow ’the policies
we’ve put in place to protect both buyers and sellers who use
PayPal,’ the spokesperson said. But PayPal’s policies toward
Bitcoin may have recently been altered, according to one
employee. At time of writing, however, details on what these
policies entail and when they were implemented were not
available. 25539
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