They have a 32% advantage* with coinbase over paypal when it comes to the price of payment processing.
If anything that shows coinbases pricing is very competitive... they just happen to process bitcoin.
*that does not include bitcoin network fees and exchange slippage though.....
No, they don't. They brought in 32% more revenue PER TRANSACTION compared to Paypal. Revenue is income before any expenses, fees, taxes, etc.
The Usage % is the amount of orders fulfilled, revenue % is the actual amount after fees. That's why there's such a big difference.
No, it is not. Revenue % is the amount BEFORE fees. Go look it up, and PLEASE stop spreading misinformation when you don't know what you're talking about. The reason for the big difference is because people using Bitcoin decided to spend more per-transaction than people using Paypal.
That's a false conclusion, bad article, and should be taken down immediately.
All it means is that people paying with Bitcoin are generally paying more per transactions. In other words, they're buying longer subscriptions, on average, than people paying with other payment methods.
The conclusion that Bitcoin "wipes the floor" with Paypal is just plain wrong any way you look at it (with regards to this particular situation).
I thought it was actual amount received after fees.
Nope. Revenue is defined as the income received before any expenses, fees, taxes, interest, or other deductions are taken from it.
That's a false conclusion, bad article, and should be taken down immediately.
All it means is that people paying with Bitcoin are generally paying more per transactions. In other words, they're buying longer subscriptions, on average, than people paying with other payment methods.
The conclusion that Bitcoin "wipes the floor" with Paypal is just plain wrong any way you look at it (with regards to this particular situation).
Where is this coming from? Censoring an article because you get the wrong idea about it's content or purpose?
Bitcoin is very very young, and already it makes up a substantial part of the Reddit Gold payments, that's something to be proud of.
Paypal has has more than 10 years to become a convenient payment processor, and they were beaten by Bitcoin in a few years.
Whether your opinion is the same or not, my mind is set. Bitcoin doesn't require a fraction of the fees Paypal does, Bitcoin is faster and has a lot more potential in brick & mortar companies than paypal does, and that in it's premature fase. While Paypal is still ripping off users every day.
Say what you want, but don't claim an article has to be taken down immediately because you can't understand it's purpose. Or at least change your profile pic to two large S's
It's coming from the fact that the article is dead wrong in its understanding about what revenue is. The author doesn't comprehend basic financial terminology, and shouldn't be writing about financial information without first familiarizing himself further with said terminology. See my above responses for why the reported information from reddit has nothing to do with fees and everything to do with Bitcoin users choosing larger purchases over Paypal users.
EDIT: I just realized that you are the author. I still advise you take the article down and familiarize yourself with some basics in financials. Maybe take a college-level course in accounting or something.
