Bitcoin is still faster than Paypal. - page 5.

michkima

hero member

Activity: 896

Merit: 514

Quote from: GeePeeU on June 08, 2017, 08:25:58 AM

Over the duration of the week, I sold something, and initiated the transfer to my bank from paypal.

It said "ETA 1 Business Day"" And here we are on day 3.

So I guess, even with the consistently congested block-chain, Bitcoin beats Paypal all day.

Any TX with a proper fee will be "Fully cleared" within an hour or two.

At least you can view your transactions progress with a block explorer with BTC.

Fuck you paypal gimmie my money.

If you're using a credit card linked to the paypal or you are using your paypal funds, then paypal beats bitcoins in most cases. Unless both you and the payment processor is using bitgo, then paypal wins in speed in those situations.

Though, paypal still sucks, IMHO.

elite3000

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Quote from: Emoclaw on June 08, 2017, 09:31:34 AM

Quote from: elite3000 on June 08, 2017, 09:23:55 AM

Quote from: Emoclaw on June 08, 2017, 09:21:21 AM

No, it's not. PayPal's transactions are faster (and sometimes cheaper) currently. Withdrawal to a bank doesn't count, because they are very unrelated to Bitcoin's transactions.
Also your Bitcoin transaction doesn't have many stages, it's either confirmed or it's not. Similarly with PayPal, your money are sent/deposited or they're not.

The money is not really deposited until the chargeback period is over, I think of 180 days. So in up to 6 months you can wake and your balance disappeared because of chargeback Huh

Surely, and even if it is deposited or spent they can still charge your credit/debit card for a chargeback.
I do not support/endorse PayPal over Bitcoin in any shape or form, just stating the fact that Bitcoin at it's state is more expensive and slower than PayPal.

Bitcoin has a fixed fee, while PayPal charges a % for every transaction. For bigger values surely Bitcoin will be cheaper

gilangIDR

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Quote from: Emoclaw on June 08, 2017, 09:21:21 AM

No, it's not. PayPal's transactions are faster (and sometimes cheaper) currently. Withdrawal to a bank doesn't count, because they are very unrelated to Bitcoin's transactions.
Also your Bitcoin transaction doesn't have many stages, it's either confirmed or it's not. Similarly with PayPal, your money are sent/deposited or they're not.

Paypal does have a much better speed than bitcoin, in using paypal we do not have to wait for confirmation. Because of direct delivery to each paypal account. If bitcoin can cope about delivery time maybe one time bitcoin will have speed equal to paypal. So everything can change according to the state of the system at that time.

stomachgrowls

hero member

Activity: 3010

Merit: 794

I agree on what have been posted above. paypal is still faster when we do exclude bank transfers it will really consume time but coming to fees i will vote for bitcoin even the fees are soaring high but still better than paypal.Chargebacks is only the thing that i really hate about paypal.

cruz49

newbie

Activity: 56

Merit: 0

Bitcoin is still faster than paypal? of course it is bitcoin is the most valuable coin in the cryptocurrency right now paypal is just a wallet that uses as a mode of payment unlike bitcoins,,, bitcoin itself can double or increase it's value. ,,, bitcoin is still faster than paypal

franky1

legendary

Activity: 4424

Merit: 4794

lol

comparing paypals exit terms to bitcoins internal use is silly.

i can send funds to someone else IN paypal in seconds.
i can send funds to someone else IN bitcoin in 10mins-3days.

i can request a fiat withdrawal from paypal to bank. 3-5 business days
i can request a fiat withdrawal from bitcoin to bank. 3-5 business days

if you are going to do a fair comparison... then make sure the comparison is accurate
Eg dont use internal use vs external use

Emoclaw

sr. member

Activity: 420

Merit: 251

Quote from: elite3000 on June 08, 2017, 09:23:55 AM

Quote from: Emoclaw on June 08, 2017, 09:21:21 AM

No, it's not. PayPal's transactions are faster (and sometimes cheaper) currently. Withdrawal to a bank doesn't count, because they are very unrelated to Bitcoin's transactions.
Also your Bitcoin transaction doesn't have many stages, it's either confirmed or it's not. Similarly with PayPal, your money are sent/deposited or they're not.

The money is not really deposited until the chargeback period is over, I think of 180 days. So in up to 6 months you can wake and your balance disappeared because of chargeback Huh

Surely, and even if it is deposited or spent they can still charge your credit/debit card for a chargeback.
I do not support/endorse PayPal over Bitcoin in any shape or form, just stating the fact that Bitcoin at it's state is more expensive and slower than PayPal.

elite3000

legendary

Activity: 1073

Merit: 1000

Quote from: Emoclaw on June 08, 2017, 09:21:21 AM

No, it's not. PayPal's transactions are faster (and sometimes cheaper) currently. Withdrawal to a bank doesn't count, because they are very unrelated to Bitcoin's transactions.
Also your Bitcoin transaction doesn't have many stages, it's either confirmed or it's not. Similarly with PayPal, your money are sent/deposited or they're not.

The money is not really deposited until the chargeback period is over, I think of 180 days. So in up to 6 months you can wake and your balance disappeared because of chargeback Huh

Emoclaw

sr. member

Activity: 420

Merit: 251

No, it's not. PayPal's transactions are faster (and sometimes cheaper) currently. Withdrawal to a bank doesn't count, because they are very unrelated to Bitcoin's transactions.
Also your Bitcoin transaction doesn't have many stages, it's either confirmed or it's not. Similarly with PayPal, your money are sent/deposited or they're not.

GeePeeU

sr. member

Activity: 545

Merit: 251

ASK

Over the duration of the week, I sold something, and initiated the transfer to my bank from paypal.

It said "ETA 1 Business Day"" And here we are on day 3.

So I guess, even with the consistently congested block-chain, Bitcoin beats Paypal all day.

Any TX with a proper fee will be "Fully cleared" within an hour or two.

At least you can view your transactions progress with a block explorer with BTC.

Fuck you paypal gimmie my money.

Topic: Bitcoin is still faster than Paypal. - page 5. (Read 3154 times)