Topic: Bitpay/Coinbase will replace Paypal/ViSA some day? BTC platform kicks out ebay? - page 2. (Read 5645 times)
June 10, 2014, 09:20:14 AM
interesting charts about payment-fees.
June 10, 2014, 09:15:24 AM
Yes exact.
But they did not undo and upgraded my account.
AS I told i was that it was just for verification process I click their but soon i realise that it may be upgraded.
OK.. got it. So you upgraded your account by mistake, and you immediately asked the support to undo that. They should have complied with the request, unless there is something against it written on their T&C.
June 10, 2014, 09:03:41 AM
AS I told i was that it was just for verification process I click their but soon i realise that it may be upgraded.
OK.. got it. So you upgraded your account by mistake, and you immediately asked the support to undo that. They should have complied with the request, unless there is something against it written on their T&C.
June 10, 2014, 08:33:20 AM
AS I told i was that it was just for verification process I click their but soon i realise that it may be upgraded.
I immediately contact to their support and asked that was that upgrade request? if so then please ignore that i dont want to upgrade and leave my plan as it is.
their support team told me that they can ignore it and they have to upgrade it because it was confirmed by me.
LOL.
I replied back that again now i am confirming to downgrade but downgrade is now allowed because they loose $30 Fess for it
Why? Bitpay dont allow downgrade plan? and only upgrade is allowed?
Answer me?
May be there is a waiting period before you can remove the upgraded account. How much time did you had the upgraded account, before you requested them to cancel it?
I immediately contact to their support and asked that was that upgrade request? if so then please ignore that i dont want to upgrade and leave my plan as it is.
their support team told me that they can ignore it and they have to upgrade it because it was confirmed by me.
LOL.
I replied back that again now i am confirming to downgrade but downgrade is now allowed because they loose $30 Fess for it
Why? Bitpay dont allow downgrade plan? and only upgrade is allowed?
Answer me?
I click on it and they upgraded my account to $30/ per month.
I contact their support and ask them to downgrade my account but they deny to downgrade. Finally i have to remove bitpay gateway from my website to avoid loosing $30 per month.
I contact their support and ask them to downgrade my account but they deny to downgrade. Finally i have to remove bitpay gateway from my website to avoid loosing $30 per month.
May be there is a waiting period before you can remove the upgraded account. How much time did you had the upgraded account, before you requested them to cancel it?
June 10, 2014, 08:31:52 AM
The main point is still about Bitcoin Price , if the up and down are so much its very hard for merchant to sustain the price and product .
Agree, Bitcoin will be stable for accepting more merchants.
June 10, 2014, 08:06:02 AM
The main point is still about Bitcoin Price , if the up and down are so much its very hard for merchant to sustain the price and product .
June 10, 2014, 07:08:28 AM
I click on it and they upgraded my account to $30/ per month.
I contact their support and ask them to downgrade my account but they deny to downgrade. Finally i have to remove bitpay gateway from my website to avoid loosing $30 per month.
I contact their support and ask them to downgrade my account but they deny to downgrade. Finally i have to remove bitpay gateway from my website to avoid loosing $30 per month.
May be there is a waiting period before you can remove the upgraded account. How much time did you had the upgraded account, before you requested them to cancel it?
June 10, 2014, 06:29:12 AM
Bitpay is worst and not clear in its terms. I had signup for 1% transaction account with bit.
There is a link inside bitpay account " Raise your daily limit" . I click on that. They ask for verification. I though they want me to verify my identity to raise my daily limit.
I click on it and they upgraded my account to $30/ per month.
I contact their support and ask them to downgrade my account but they deny to downgrade. Finally i have to remove bitpay gateway from my website to avoid loosing $30 per month.
How fair it is a company accept upgrade but dont downgrade ?
Even they charge 0.01 BTC to transfer my earned bitcoin to my wallet including 1%
This is not clear way of doing business.
Here is my post regarding it https://bitcointalk.org/index.php?topic=641741.0;topicseen
There is a link inside bitpay account " Raise your daily limit" . I click on that. They ask for verification. I though they want me to verify my identity to raise my daily limit.
I click on it and they upgraded my account to $30/ per month.
I contact their support and ask them to downgrade my account but they deny to downgrade. Finally i have to remove bitpay gateway from my website to avoid loosing $30 per month.
How fair it is a company accept upgrade but dont downgrade ?
Even they charge 0.01 BTC to transfer my earned bitcoin to my wallet including 1%
This is not clear way of doing business.
Here is my post regarding it https://bitcointalk.org/index.php?topic=641741.0;topicseen
June 10, 2014, 06:15:07 AM
Why cannot bitpay also process fiat? The procedure is just the reverse of processing bitcoin but uses bitcoin as the carrier of transactions? This requires no banks anywhere in the process and should thus also be of much lower cost.
Bitcoin is irreversible, so they can accept the bitcoin, convert to fiat, no problem... If Bitpay starts to accepts fiat payments, then they have to deal with all the garbage that comes with that... for example, how would they accept the fiat? I doubt they want people mailing cash, which is why they would need to partner with a bank, Visa, paypal, etc. and boom, there's your 3-5% of fees again.
It's just not in Bitpay's business model.
Perhaps adding Visa's compliance officer will increase their interest in fiat currency, but I doubt it.
June 10, 2014, 03:36:33 AM
This could be a sign of the things to come:
https://bitcointalksearch.org/topic/visa-executive-joins-bitpay-646664
A loss for Visa, and gain for Bitpay.
https://bitcointalksearch.org/topic/visa-executive-joins-bitpay-646664
A loss for Visa, and gain for Bitpay.
June 10, 2014, 03:07:20 AM
Bitpay could replace PayPal only if they start providing Buyer / Seller protection program.
Oh god! Stop this BS. The Paypal Buyer / Seller protection is being misused so much that many of the customers are stopping to accept the payments through Paypal. We don't need similar crap with Bitcoin.
As Ebay seller, yes, i know. I felt it on my skin few times. But even with that crap, buyer protection IS working in most cases, and it's attracting buyers. And where Buyers are, sellers must come. As simple as that. It's not like i can choose. I put my sell orders on 3-4 sites + Ebay/PayPal. Only place where i get buys is Ebay/PayPal. It's just where buyers are and they will stay there as long as they feel safe and will not move to another service if it feels even little bit less safer.
On another note, PayPal / Ebay has huge problem with Seller protection, not because they dont give a crap, but because they have credit card houses on their necks all the time. Buyer can start chargeback trough credit card house, and ther's nothing Ebay / Paypal can do to stop it so in 99% seller ends up with a loss.
If they start using Bitcoin, they will be ones that can really enforce rules, and maybe, just maybe, they could start protecting us sellers.
Yes paypal is very good to buyer but not the seller especially on digital item , if ebay can take bitcoin as payment for digital and paypal for shipping i am sure it will all works well .
June 10, 2014, 03:05:19 AM
Tinfoil hat on, right ? All I see are green numbers both Paypal and Ebay. Just because vocal majority gets attention about some misusing seller protection doest mean 99% of trades are not working right.
Seller protection is a big thing, however more and more companies will rather return your money than loose that 100% or 99% status anyway .
Seller protection is a big thing, however more and more companies will rather return your money than loose that 100% or 99% status anyway .
OK... those who need the Buyer protection, they can stick with Paypal. I had a lot of previous bad experiences with them, so I have decided not to use Paypal anymore. Bitpay is good for me.
Hopefully ebay will allow bitpay as an option but I suspect it will be an internal platform or paypal.
June 10, 2014, 02:30:31 AM
Bitpay could replace PayPal only if they start providing Buyer / Seller protection program.
Oh god! Stop this BS. The Paypal Buyer / Seller protection is being misused so much that many of the customers are stopping to accept the payments through Paypal. We don't need similar crap with Bitcoin.
As Ebay seller, yes, i know. I felt it on my skin few times. But even with that crap, buyer protection IS working in most cases, and it's attracting buyers. And where Buyers are, sellers must come. As simple as that. It's not like i can choose. I put my sell orders on 3-4 sites + Ebay/PayPal. Only place where i get buys is Ebay/PayPal. It's just where buyers are and they will stay there as long as they feel safe and will not move to another service if it feels even little bit less safer.
On another note, PayPal / Ebay has huge problem with Seller protection, not because they dont give a crap, but because they have credit card houses on their necks all the time. Buyer can start chargeback trough credit card house, and ther's nothing Ebay / Paypal can do to stop it so in 99% seller ends up with a loss.
If they start using Bitcoin, they will be ones that can really enforce rules, and maybe, just maybe, they could start protecting us sellers.
June 10, 2014, 12:38:44 AM
Tinfoil hat on, right ? All I see are green numbers both Paypal and Ebay. Just because vocal majority gets attention about some misusing seller protection doest mean 99% of trades are not working right.
Seller protection is a big thing, however more and more companies will rather return your money than loose that 100% or 99% status anyway .
Seller protection is a big thing, however more and more companies will rather return your money than loose that 100% or 99% status anyway .
OK... those who need the Buyer protection, they can stick with Paypal. I had a lot of previous bad experiences with them, so I have decided not to use Paypal anymore. Bitpay is good for me.
June 09, 2014, 11:48:38 PM
To accept fiat cash, they need to do some co-operation with some of the banks or with the Master / Visa.
June 09, 2014, 09:46:01 PM
Experience 1.
In March, i sold 5pcs of BTC miners,payment method is BTC escrow(1% escrow fee paid by buyer),i got the full BTC as soon as my customer confirmed receiving all miners.(even if exchange rate dropped from 560USD to 460USD/BTC,but i am still holding 30BTC in my wallet)
Experience 2.
In May,another 7pcs of BTC miners sold,payment method was Paypal,14644EURO(exchange rate 1.37,as 20020USD) paid,but only 17742USD received.Besides,the money was frozen at least 20days,only because my paypal is new account.(Honestly,paypal charged me so much.)
Experience 3.
I got paypal calling back,they asked me for 6000USD as deposit insurance,at least frozen 6months.And in future,60% of each payment will be frozen at last 45days.Besides,the money is not yours,it will be refunded to customers any time------------how can it be?
Do you guys meet over-charged by Paypal?
Bitpay finish payment fast and no fee,it will replace Paypal/VISA some day?I am not sure bitpay can beat VISA,as visa fee is not too much and transaction is fast and safe and easy.But i believe bitpay will replace paypal.
And BTC platform will replace ebay too if ebay could not adjust fee policy or one side protection. Adjusting fee policy means dead,as ebay is too huge and its cost is high.
P.S. Thanks to stompix,you divided 2 different conception.
I am also a newbie, can I get some coins from dev? In March, i sold 5pcs of BTC miners,payment method is BTC escrow(1% escrow fee paid by buyer),i got the full BTC as soon as my customer confirmed receiving all miners.(even if exchange rate dropped from 560USD to 460USD/BTC,but i am still holding 30BTC in my wallet)
Experience 2.
In May,another 7pcs of BTC miners sold,payment method was Paypal,14644EURO(exchange rate 1.37,as 20020USD) paid,but only 17742USD received.Besides,the money was frozen at least 20days,only because my paypal is new account.(Honestly,paypal charged me so much.)
Experience 3.
I got paypal calling back,they asked me for 6000USD as deposit insurance,at least frozen 6months.And in future,60% of each payment will be frozen at last 45days.Besides,the money is not yours,it will be refunded to customers any time------------how can it be?
Do you guys meet over-charged by Paypal?
Bitpay finish payment fast and no fee,it will replace Paypal/VISA some day?I am not sure bitpay can beat VISA,as visa fee is not too much and transaction is fast and safe and easy.But i believe bitpay will replace paypal.
And BTC platform will replace ebay too if ebay could not adjust fee policy or one side protection. Adjusting fee policy means dead,as ebay is too huge and its cost is high.
P.S. Thanks to stompix,you divided 2 different conception.
June 09, 2014, 01:42:52 PM
Bitpay could replace PayPal only if they start providing Buyer / Seller protection program.
Oh god! Stop this BS. The Paypal Buyer / Seller protection is being misused so much that many of the customers are stopping to accept the payments through Paypal. We don't need similar crap with Bitcoin.
Tinfoil hat on, right ? All I see are green numbers both Paypal and Ebay. Just because vocal majority gets attention about some misusing seller protection doest mean 99% of trades are not working right.
Seller protection is a big thing, however more and more companies will rather return your money than loose that 100% or 99% status anyway .
June 09, 2014, 01:42:27 PM
if paypal thought bitpay were a true threat, they would throw millions at lobbyists.. why wouldn't they? it's either do that or die.. they are just too big/powerful to lose out to a small guy like bitpay.
June 09, 2014, 01:33:10 PM
Bitpay could replace PayPal only if they start providing Buyer / Seller protection program.
Oh god! Stop this BS. The Paypal Buyer / Seller protection is being misused so much that many of the customers are stopping to accept the payments through Paypal. We don't need similar crap with Bitcoin.
June 09, 2014, 01:30:15 PM
Bitpay could replace PayPal only if they start providing Buyer / Seller protection program. People mostly think that PayPals strength is in "accessibility" or "ease of use" and stuff and they are VERY wrong. PayPal's strength is firstly Buyers protection and than little bit of Sellers protection. People are willing to pay for safety....as simple as that.
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