Bitpay/Coinbase will replace Paypal/ViSA some day? BTC platform kicks out ebay? - page 3.

bryant.coleman

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Quote from: ChuckStrawberry on June 08, 2014, 03:00:59 PM

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.

How that is possible? Bitpay processes the payments in Bitcoin, and then converts the Bitcoins to fiat cash and give them to the merchant. It does not accept fiat cash, although fiat cash can be withdrawn.

To accept fiat cash, they need to do some co-operation with some of the banks or with the Master / Visa.

Meuh6879

legendary

Activity: 1512

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Quote from: Bitcoinm on May 29, 2014, 11:22:24 AM

Paypal offers dispute resolution which is a service on top of payment systems.

yes, buyer classic argument.
but when you become a seller ... Roll Eyes

ChuckStrawberry

newbie

Activity: 57

Merit: 0

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.

Catmoonglow

full member

Activity: 147

Merit: 100

I'm sure the owners of both companies will tell you they wish to concentrate on their core businesses and are too busy right now to make something that large happen, but in principle you're right.

If they did something like that, it would blow the doors off this Bitcoin thingy and their businesses.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: jeffersonairplane on June 04, 2014, 03:18:38 PM

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

IF YOU SELL MINER VIA PAYPAL,YOU WILL KNOW A REAL PAYPAL.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: stompix on June 04, 2014, 03:21:51 PM

Quote from: jeffersonairplane on June 04, 2014, 03:18:38 PM

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

People mistake the role of btc and what paypal is.

Bitpay might replace paypal , but bitcoin will never be able to replace paypal.
I've heard even more funny assumptions , like bitcoin replacing ebay.. lols

.

you make sense,thank you.I revised the title:-)Bitpay replaces paypal,and BTC platform replace ebay,absolutely correct!

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: jeffersonairplane on June 04, 2014, 03:18:38 PM

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

People mistake the role of btc and what paypal is.

Bitpay might replace paypal , but bitcoin will never be able to replace paypal.
I've heard even more funny assumptions , like bitcoin replacing ebay.. lols

.

jeffersonairplane

legendary

Activity: 1522

Merit: 1000

www.bitkong.com

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: xinzark on June 04, 2014, 02:44:19 PM

Bitcoin will be using on digital item and Paypal will still the same .

And I have absolutely no idea what you were trying to say here

xinzark

legendary

Activity: 1120

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Bitcoin will be using on digital item and Paypal will still the same .

thecoindoctor

newbie

Activity: 48

Merit: 0

Quote from: zyhsu815

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?

BTC finish payment fast and no fee,it will replace Paypal/VISA some day?I think visa fee is not too much and transaction is fast and safe and easy.But i believe BTC will replace paypal.

And BTC platform will replace ebay too if ebay could not adjust fee policy or one side protection. But ebay is too huge,adjusting fee policy means dead.

na i doubt this will ever happen, btc is large but no where near as large as paypal and visa.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: NotAtOld on June 01, 2014, 04:08:26 AM

But what factors do you think might prevent this outcome?

Common sense f or starters.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

I withdraw money on May 29,and it shows finished on 14:30,but by now,i didn't get the money.

總金額：
****HKD
費用金額：
$0.00 HKD
淨額：
**** HKD

日期：
2014年5月29日
時間：
14:30:19 HKT
狀態：
已完成

主旨：
銀行帳戶
轉帳至：
HSBC Hong Kong 儲蓄 (未確認) x-0838

I was my fault to use Paypal. Highest fee but worst service and latest action.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: NotAtOld on June 01, 2014, 04:08:26 AM

But what factors do you think might prevent this outcome?

BTC safety protection.....because BTC wallet is announced each transaction,some scammers are watching on it.
If everybody believe my BTC platform is safe,no worrying about their BTC during transaction,then we must succeed.

NotAtOld

member

Activity: 200

Merit: 10

But what factors do you think might prevent this outcome?

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: zyhsu815 on June 01, 2014, 01:54:11 AM

Quote from: bryant.coleman on June 01, 2014, 01:47:10 AM

Quote from: zyhsu815 on June 01, 2014, 01:32:23 AM

It needs paypal lower its arrogant head firstly,then revolute itself.

Paypal will never do that, since they are having heavy links to the bankers and politicians. Paypal has always maintained its monopoly thanks to dirty games, such as eliminating its competitors. My guess is that they will play the same dirty tricks on Bitcoin.

Paypal was beat in China years ago,only because taobao and alipay are all for free...
I believe BTC could survive and win in the coming competition with ebay/paypal even aliexpress,because BTC production or flow is not controlled by one organization or one company,almost no fee too.

Along with BTC known well all over the world,BTC plays a more important role in our business.

One more,I did one action at litecointalk,dragon miner 1hour free testing,there were more than 20 followers,only because it is for free.
https://litecointalk.org/index.php?topic=19940.0

BTC transaction is for free,when there is no trust problem,everybody will use BTC to pay for something.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: bryant.coleman on June 01, 2014, 01:47:10 AM

Quote from: zyhsu815 on June 01, 2014, 01:32:23 AM

It needs paypal lower its arrogant head firstly,then revolute itself.

Paypal will never do that, since they are having heavy links to the bankers and politicians. Paypal has always maintained its monopoly thanks to dirty games, such as eliminating its competitors. My guess is that they will play the same dirty tricks on Bitcoin.

Paypal was beat in China years ago,only because taobao and alipay are all for free...
I believe BTC could survive and win in the coming competition with ebay/paypal even aliexpress,because BTC production or flow is not controlled by one organization or one company,almost no fee too.

Along with BTC known well all over the world,BTC plays a more important role in our business.

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Quote from: zyhsu815 on June 01, 2014, 01:32:23 AM

It needs paypal lower its arrogant head firstly,then revolute itself.

Paypal will never do that, since they are having heavy links to the bankers and politicians. Paypal has always maintained its monopoly thanks to dirty games, such as eliminating its competitors. My guess is that they will play the same dirty tricks on Bitcoin.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: BawsyBoss on June 01, 2014, 01:12:03 AM

PayPal will need to change if they plan to stay afloat. If they didn't, they would totally guess destroyed. However, they are probably smart enough to realize the threat that Bitcoin is to them.

It needs paypal lower its arrogant head firstly,then revolute itself.

zyhsu815

full member

Activity: 126

Merit: 100

Being trusted is the most precious wealth.

Quote from: bryant.coleman on May 31, 2014, 11:42:00 PM

Quote from: zyhsu815 on May 31, 2014, 07:44:34 PM

what do you think what the problem with its close?safety problem or what?if you have interesting,we can communicate via e-mail,[email protected],skype:remote911
looking forward to your response.

No one is quite sure about that. This might be the most probable reason:

http://www.coindesk.com/bitmit-bitcoin-auction-sale-after-theft

it did be strange about that,15BTC lost is not key point;maybe it is because of safety of BTC protection.
Last night,i almost trusted a stranger on aliexpress trademanager chatting,who told me he is from Holland,he wants to buy miners via BTC payment,he told me it was not safe talking about payment via BTC but not aliexpress.then he told me send me one link,very very similar to one russian chatting tool.I downloaded install exe file,but my security software blocked it,and i checked who.is,the link registered on May 7th.
My question is,can we secure BTC by other tool but not only payment password?

Topic: Bitpay/Coinbase will replace Paypal/ViSA some day? BTC platform kicks out ebay? - page 3. (Read 5652 times)