I just don't say to go anywhere near VCC / exchanging PP to money book etc.. Been so many threads recently about it. Including popular DP members who have scammed..
Perhaps you could use escrow services on such transactions. If not then there's not much you can do to be more secure (well except check the person somehow).
Mods will not help u in any trade,may b if many members complain about same scammer.If u pay by paypal and got scammed then u can open an dispute with paypal or better give them call explaining about the deal.Remember trading currencies is against Paypal TOS.Also check Traders profile before going for any exchange.Itrader, reputation and his posts can b considered.
escrow is a good option but it is very costly. $25/ transaction !! In case of small business no one can afford this much fees. There must be something like this with lower fees & better safety.
Thanks GETJIMMY, I was really unaware of the fact. I will go through the Paypal Terms of Services once again. Really thanks, may be most of us dont know about it. But, just wish to know why people trade currencies? Please help
There r many reasons for which members trade currencies like 1>Paypal not supported in all countries so if any guy(from non supported paypal country) wants to buy anything where seller only accepts paypal then buyer has no option other than trading his money or other currency to get paypal money. 2>Its very difficult to fund ur Egold account as we cannot fund via CC or from our bank account.So members need to contact 3rd party exchangers to fund e-gold account. 3>Some members do currency trading just for profit. and many more reasons........... But many members has started this service on DP just for scamming.They do some small amount trades and try to get as many itraders as possible and then they start scamming big amount.So b carefull if u r dealing with any new member or members having less than 1k posts. .
Thanks Jimmy, http://forums.digitalpoint.com/showthread.php?t=419128 Can you put some light on it? What kind of this transactions going on? The dealing going on in this thread is legal?
Yes its legal,they r just dealing Virtual VCC or Virtual Bank accounts. "DP pe sab chalta hai"(hope u understand hindi)
Yes I do understand, I am from delhi. but i have heard about virtual credit card now wht is it... virtual bank account?
To verify US paypal account u also need to add bank account,this is what they sell here,Virtual Bank accounts.
Yes mainly for US accounts,but members from other countries r also using this as US paypal account enable user to directly fund or deposit money to bank. Ok Jyoti enough for today,its already 3 AM.Bye.
Bye Jimmy, sweet dreams. and sorry guys (DP USERS) & Mods if i have diverted the theme or subject of this thread. But, I gained so much with the help of Jimmy and other people.
I've done one trade with ttitaniumhijau and two trades with monkeygoal, All of them went smooth (thankfully). And now both of them banned? They have same Paypal ID, I asked about it in PMs and they just said "I don't know man". Well, since I'm the one who send the paypal, I don't care too much about it. Feel sorry for your lose mate.