Have you ever wondered why it's so difficult to find PayPal or Zelle offers on a P2P marketplace? , or What is the difference between these payment methods and the others?
At El Dorado, we not only want to offer a first-class P2P service to our users, we also want to provide them with knowledge and help them answer those questions that many people ignore. That's why today, we're going to explain the problems with Zelle and PayPal to you in depth.
?Why are offers to buy or sell crypto on Zelle limited in P2P markets?
The case of Zelle is one of the most resounding in recent days, and it is not to be impressed, as we tell you in our blog”How to buy USDT with Zelle?”, in recent years, Zelle has become one of the most used payment methods in Venezuela due to the dollarization process in Venezuela and the immigration of millions of Venezuelans. But the way it's normally used doesn't fit the format of P2P marketplaces.
The reason? Zelle is a product designed for the US market, where the banking system is very strict, and that's the reason why receiving payments from unknown third parties is quite delicate.
How to trade with Zelle the right way?
The first thing to do before creating an order is to read the description of the offer, where the traders indicate their terms for carrying out the operation.
If the merchant does not indicate their terms anywhere, ask them all the questions you consider necessary using the transaction chat.
Note: From El Dorado, we do not recommend or encourage the use of third-party accounts to carry out P2P operations.
What to do if the merchant doesn't receive payments from third parties?
The best possible solution for this case is that the owner of the Zelle account, create your own account in El Dorado and is responsible for carrying out the P2P with the merchant.
This process will not take more than 10 minutes and after doing the P2P, you can instantly send you the USDT within the app using your El Dorado username.
Why P2P trading via PayPal is different from Zelle
On the PayPal side, we have a very different situation from Zelle, most users have a personal PayPal account, but in this case the problem is the constant blocking of accounts.
We must remember that PayPal's terms and conditions state that buying or selling the platform's balance is prohibited. Another problem with PayPal is the high fees for sending money to other users.
That's why merchants have their own mechanisms to carry out operations with PayPal and avoid account blocks, some do so with payment receipts, others with requests, and so on.
How to trade with PayPal the right way?
Once you've identified the PayPal offer, the process is quite similar to that of Zelle. You should read your counterparty's terms and chat before making any payment.
Once the merchant explains the process to follow, you can make the payment as indicated.
As you can see, trading with PayPal and Zelle requires patience, unlike other payment methods where transactions can last less than 5 minutes, in these cases we must take our time to read the conditions and thus be able to operate properly when we are well informed.
In conclusion, although Zelle and PayPal are two of the most popular payment methods in the market, their use in the context of P2P markets can present certain challenges.
At El Dorado, we strive to provide our users with a secure and friendly P2P service that allows them to operate with confidence and peace of mind. At the same time, we seek to educate our users about the different payment methods available and how they can safely operate in P2P markets.
If you don't have an account in El Dorado yet, we invite you to download our application at iOS or Android, or visit our website to learn more about our services and how we can help you trade safely and efficiently on P2P markets.
We're here to help!
