I was a seller on a site called CryptoThrift. It’s like eBay, but it offered a BTC to PayPal escrow service and charges a little extra for the conversion process.
I was careful. I checked on the feedback and reviews for both the site and what it’s like being as a seller. I did one small transaction successfully first, then I waited for a few weeks before I kept at it. I continued to do a lot of transactions, selling through this platform and everything was cool.
However, a few months pass and I get several emails from PayPal notifying me that a few transactions were unauthorized and that money will automatically be withdrawn from my account.
I’m guessing that some of the people performed a chargeback. I tried talking to PayPal and they told me that they couldn’t do anything about it because they don’t support digital currencies yet, despite me providing them with a ton of solid proof. I know there is a ton of stories about PayPal, eBay, cryptotrades not going to well in the end, but I just thought that everything was good since I went on for a few months without any hard issues. I guess scammers are getting smarter now. I just don’t understand why popular systems like PayPal don’t have a sophisticated enough fraud prevention service.