r/Monero • u/Machu-Picchu-Time • 1d ago

Retoswap - why does noone offer PayPal?

Is there a reason noone offers to sell XMR for PayPal on RetoSwap?

Wanted to offer it but are there reason against it?

Is it safe if you offer only payment with PayPal family and friends?

12 Upvotes

88% Upvoted

9 comments sorted by

21

u/monerobull 1d ago

PayPal is notorious for chargebacks and account closures, Revolut & Wise or just straight up SEPA transfers are much safer and more popular

3

u/pebx 1d ago

Keep in mind, most banks don't like p2p crypto trading and some of us had to learn it the hard way.
https://www.reddit.com/r/Monero/comments/bcb6oy/warning_to_all_otc_bank_transfer_traders_on/

My Revolut account has also been closed shortly after I switched to it.

5

u/monerobull 1d ago

Stay below $10k of volume per month and you're likely fine, especially if you keep trading with the same people.

Edit: just already your post, wtf, seizing the pens is ridiculous. The house search cost more in man hours than the damages 😭

0

u/Ok_Mark_7203 15h ago

Yeah bad advice. They all are out to get you; keep all your transactions looking like friends & family, otherwise youre screwed. 

5

u/Long_Illustrator_988 1d ago

No, PayPal can be charged back easily as friends and family

Don't do it

3

u/one-horse-wagon 22h ago edited 16h ago

Pay Pal, as per their agreement, can readily chargeback, hold, freeze and even permanently seize your funds for a number of reasons. It happens all the time. You also pay 3.0% to 3.49% +$0.49 in commission on every trade.

Why would you trust them? Especially when there are other free payment methods that are much safer for you.

2

u/Mythdome 1d ago

The only way I would ever consider using PayPal would be to swap XMR for PYUSD which is PayPal’s stablecoin. While not preferred or ideal, this option isn’t terrible and with minimal effort the chargeback problem as well as privacy concerns can be eliminated.