Author

Topic: Bitwala Now Lets Users Send Bitcoin to Paypal Accounts (Read 619 times)

legendary
Activity: 1386
Merit: 1016
The company charges a flat fee at 0.5% of the transacted amount. Is not fee a little too much? I would like it to be percentage but not higher that $x amount.
Sending large sum of money is difficult with fee working like this.

given how paypal works, 0.5% is considered very very little to them. usually they charge like 2-5% of the transaction. and you lose advantage in their currency conversion again.
legendary
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
The company charges a flat fee at 0.5% of the transacted amount. Is not fee a little too much? I would like it to be percentage but not higher that $x amount.
Sending large sum of money is difficult with fee working like this.

It's good enough, if you'll be using Paypal to receive a large sum of money don't do it. They'll lock you out of your account and put you under investigation. I've seen this many times, even in legitimate business accounts. Just use wire if you need to cash out huge.
sr. member
Activity: 260
Merit: 250
This would be cool

Has anyone here tried it?
legendary
Activity: 1582
Merit: 1064
That is kind of neat but I would like to see official integration by Paypal.

Why would paypal want to help its competitor?  Smiley

Moreover, paypal has to comply with a lot of regulations in different countries, like anti money laundering and know your customer. They will have problems with these if they integrate Bitcoin. So I don't think integration of Bitcoin is likely until various governments take a positive stand on it.
legendary
Activity: 1862
Merit: 1004
The company charges a flat fee at 0.5% of the transacted amount. Is not fee a little too much? I would like it to be percentage but not higher that $x amount.
Sending large sum of money is difficult with fee working like this.
member
Activity: 106
Merit: 10
That is kind of neat but I would like to see official integration by Paypal.
member
Activity: 84
Merit: 10
Looks good!  Smiley Has anyone checked how does it work?
hero member
Activity: 812
Merit: 500
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