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Hey guys not sure if anyone else has noticed this new policy but it really sucks. In the past dealers and individuals on ebay were selling 5 Million Dinar, 10 Million Dinar, etc. There was one ebayer who had a very good price up for 10 million, I was considering buying and had recently noticed he took it down. I then noticed almost all ebayers took down large listings. I called around to a few and asked why. They informed me in the past you could buy for example over 5 million Dinar on ebay but just couldn't pay with Paypal b/c Paypal limited them to sales of $1000 and under,however you could pay with a cashiers check. They said ebay basically adopted the Paypal policy so now they can't even list items over $1,000 on ebay. I decided to call up ebay and ask them about it, they apparently don't understand their own policy. They claim its a sanctioned item, however this can't be true as a sanctioned item couldn't be sold at all, not just under $1,000. They said this policy applies to the Dinar but not the Dong or ohter currencies. I found this to be really odd but you can't argue with ebay. I contacted a few ebay sellers and people offered to do sales outside of ebay and lie on Paypal invoices saying its jewelry or other items, however I imagine that would violate my Paypal buyer protection so don't plan on doing it. Anyone else know anything else or come to find out aobut this policy htemselves?
I noticed alot of people on ebay these days selling Dinar options and I find it very hard to believe these people actually have the dinar to back up the options. Many of these sellers I see selling options aren't even registered with the Treasury as Dinar sellers. They don't have a very professional presentation and don't have very long history of ebay transactions yet they are selling tens of millions of dinar on option. I imagine though its basically free money to the seller it's relatively small profits considering the amount of money you should be stocking away dinar if your doing it properly. For example say your charging $75 for 5 million dinar. That's $75 pure profit, however your also tying up almost 5k in dinar your holding for someone. That's a relatively small option as well seeing as how many sell optionss for 10, 15, 30, even 50 million or more. People if doing it properly should have 50k worth of dinar tucked away just to make a profit of a few hundred bucks. Start selling a number of these and people should have hundreds of thousands laid away for customers in the case of an rv. I personally am not a big fan of options to begin with I think buying physical dinar even if only a little bit is better than an option but thats just my opinion. THat said I highly doubt any of these ebayers actually have dinar to back up these options they are selling. what do you think.