I am happy to announce I have stumbled upon a great alternative payment method that if it's not already a wide spread thing could really change the way we sell gold. http://www.giftcards.com/virtualgift/build#!/egift/merchant/visa Basically instead of having the customer send money via pay pal have them send that same money through this site to buy visa prepaid gift cards for us. I have done extensive research and called both pay pal and this gift card company for more information. Gift card company: My conversation with them (with them being made aware of what my goal was selling runescape gp). What I gleaned from them is that the visa prepaid gift card is compatible anywhere visa is accepted(Including pay pal who confirmed you can transfer all the funds off the card instantly just by adding the card to your card list and then go restock your supply of gp and repeat). In addition upon purchase, the sender never sees the pin, so he/she cannot steal it from you later. In addition to this, the gift card company only accepts credit cards not paypal so at no point are you dealing with the paypals annoying policies. The person I spoke with said that once you get the pin you must immediately use the card in someway(whether you dump your funds on paypal or elsewhere) this way, the card can't be refunded later. If all that is done, then if/when the buyer decides to charge back they'll be unable to offically refund the gift card because it has been used. At which point you're not even involved because neither the bank nor the company has your personal information on file to use so any dispute will only be between the scammer and the gift card company absolving you of any and all risk that comes with pay pal and other popular methods. What this means essentially is that this method brings to the table the best of both worlds in that it is much like pay pal very easy to use and not hard to purchase like bit coins. It has the strong security of bit coins but is much easier to convert to Irl cash on pay pal and then re-supply your stock. Pay pal: My conversation with both a representative and an individual from the fraud department They confirmed they won't be able to intervene and rule in the buyer's favor(obviously) since they're not even involved. They confirmed the prepaid visa gift card could instantly and free of charge be loaded on to your pay pal balance once you have obtained the pin. Conclusion: This is an incredible method to sell gold, which has taken all the risk of selling with a method like pay pal and gives you the security of bit coin but the ease of access that pay pal grants you. The only potential drawback(which isn't even that bad) is the small $3-$5 fee for activating the card. This isn't bad considering all the benefits you get and that depending on the amount you buy and sell gold for you'd still be making a lot of money. If anyone else is interested in this method, I strongly urge you begin to offer it in your stores(I know I am) if enough of us begin doing so, then there'll be a higher amount of buyers willing to use this method the more widespread it becomes.
Thanks for reading I hope you all like my idea and decide to implement for your personal use(of course I wont mind, we really need to put an end to scammers).