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[Reznov]

Basically, by selling paypal funds (that are in USD by default) for cash that's in your local currency, you might be committing a crime, because there are legal and official agencies that are responsable for currency exchange, so be careful and avoid doing that .

 

[SCAMEXPOSER]

Trading of PayPal funds to other currencies by different people should not be a bad idea in my opinion the moment the fund is out of paypal they have little to no control over where the fund goes legitmately.

 

[Josemendez]

i was talking about something else where you can make profit by trading, not in paypal, as i said that some people trade local currency for other currency with tourists

If that's the case , then I think your title says otherwise , because we assumed from your title, that you are implying that exchanging PayPal to local currency is a crime

 

[Reznov]

If that's the case , then I think your title says otherwise , because we assumed from your title, that you are implying that exchanging PayPal to local currency is a crime

that's what i actually meant ... when i quoted your post i just gave few examples about what agencies can do the exchange legally

 

[Josemendez]

that's what i actually meant ... when i quoted your post i just gave few examples about what agencies can do the exchange legally

OK bro . I guess it was your title that made most of us think in the other way , because most comments in this thread is affirming that there is nothing wrong with exchanging PayPal.

 

[Bushbaby7]

Wow, people actually do that?! I thought it was illegal in virtually all countries. Over here, like the OP said, you have to go through the right channels and those are bureau de changes or banks. Anything else is considered the black market and you can get in very hot water for it. I'm actually shocked that some countries don't have bureau de change.

 

[Reznov]

Wow, people actually do that?! I thought it was illegal in virtually all countries. Over here, like the OP said, you have to go through the right channels and those are bureau de changes or banks. Anything else is considered the black market and you can get in very hot water for it. I'm actually shocked that some countries don't have bureau de change.

that's what i actually meant, it's illegal in a lot of countries because you can't do what a specific bureau does, lot of people got jailed for doing that

 

[Aligator28@]

Wow. This is my first time hearing this. Well in my country its not regarded as a crime anyways

 

[Reznov]

Wow. This is my first time hearing this. Well in my country its not regarded as a crime anyways

you should ask someone who understands about law, however, law isn't the same in all of the countries, and a lot of people got jailed in my country due to that

 

[Ewogboka]

you should ask someone who understands about law, however, law isn't the same in all of the countries, and a lot of people got jailed in my country due to that

This is a normal business in my country ,I guess there is nothing like black or parallel market to trade foreign currencies other than the official market

 

[Reznov]

There is news tat PayPal wants to allow this , but until it is official, it is not safe .

there are platforms that are specified for this, his account might got limited for something else, as trading bitcoin for paypal is a popular thing and paypal can't really know about the deal that's going between you and someone else

 

[Ewogboka]

I read in forum coin about a user who after exchanging bitcoin for PayPal got his account limited.
There is news tat PayPal wants to allow this , but until it is official, it is not safe .

If PayPal has not permitted such exchange then it can't be available on their site for the person to have carried out the exchange with PayPal awareness. People do PayPal Crypto swap with out any problem.

 

[Niftyicon]

It isn't even PayPal funds alone, payoneer, skrill, and most that you can think of are sold here with adverts about it all over the place. I guess laws of various countries really do differ.

 

[Reznov]

It isn't even PayPal funds alone, payoneer, skrill, and most that you can think of are sold here with adverts about it all over the place. I guess laws of various countries really do differ.

good point, i forgot about the other banks, but the most important is the concept, exchanging currencies as a non official agency can be a crime in some countries

 

[SCAMEXPOSER]

good point, i forgot about the other banks, but the most important is the concept, exchanging currencies as a non official agency can be a crime in some countries

Very likely in country where mostly government agencies handle financial activities otherwise in my country people use it as a means to make money or a business rather .

 

[electrify]

No it isn't a crime. If you need a good service try BestChange.

 

[Bushbaby7]

that's what i actually meant, it's illegal in a lot of countries because you can't do what a specific bureau does, lot of people got jailed for doing that

Yes, I got that LOL?? I was asking a rhetoric question because I was shocked at the sort of things people get up to, that's all. I wasn't doubting what you said.

 

[Reznov]

No it isn't a crime. If you need a good service try BestChange.

lol, that's a whole other topic, exchanging currencies online is a whole other thing than selling foreign currency for offline cash, also, like 3 dudes from my country got jailed for doing it

 

[cashbeb365]

Basically, by selling paypal funds (that are in USD by default) for cash that's in your local currency, you might be committing a crime, because there are legal and official agencies that are responsable for currency exchange, so be careful and avoid doing that .

How is selling cash in your PayPal account a crime, when it is your own money. You have the right to sell it to whosoever you like. It is not illegal in my country

 

[SCAMEXPOSER]

Selling foreign exchange offline in my country with out legal backing From government is also illegal but for online exchangers I don't think the government has taken measures on that.

 

[Cybernaut]

In our country exchanging PayPal fund with our local currency is a booming business. It is 100% legal in the country so anybody that has PayPal fund can sell it without any issues whether illegal or legal. If you still have I will still buy.