Is bitcoin better or paypal? - page 50.

MinerHQ

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Quote from: MinerHQ on November 06, 2016, 08:50:47 PM

Quote from: Ewinsane on November 06, 2016, 05:24:33 PM

Quote from: rachana031 on November 04, 2016, 03:58:59 AM

Bitcoin is much profitable than paypal

and i think that bitcoin has a possibility to be the worlwide currency

i agree with you that bitcoin is much more profitable than paypal and you are right that bitcoin is worldwide currency and bitcoin is available in everywhere for online shopping so i also recommend that bitcoin is good than paypal.

It all depends on your needs. If you want a good investment option, then Bitcoins are much better than Paypal. But if you're looking to buy something online from some unknown person then I recommend to use Paypal because they protect you from any scams. If you use Bitcoins to buy from an unknown person, then they may scam you and may not return your money as well. So both of them got advantages and disadvantages, and I use both for different purposes.

We can't remove that fact that a lot of stores are more relying into the usage of paypal for the payments. Because they are still not able to adopt bitcoins, but if we are just looking into the future and all stores are already done in adoption of bitcoin then for sure paypal will adopt it also. You are right, it depends on how you are going to use and need them.

Even though many stores starts accepting bitcoins but as a buyer If I don't know that store or first time visiting the site then as a buyer I will not use bitcoins because don't know whether they will ship the items or not. In that case, I still go with Paypal. Off course If the site is reputed then no problem in using bitcoins like I am already using bitcoins to buy gigs in Fiverr.

Dudeperfect

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Quote from: rachana031 on November 04, 2016, 03:58:59 AM

Bitcoin is much profitable than paypal

and i think that bitcoin has a possibility to be the worlwide currency

I can agree with this because I live in a country where there are serious restrictions for paypal and we can’t even use paypal to send funds to another paypal user (unless credit card is linked with the account). If someone is sending $10 then we receive $8.80 or something due to some regulations and that’s really awful. Whereas bitcoin works for us like it works for anyone from any corner of the world. It’s profitable for me.

of course it is, tell me when paypal is profitable then I will shift.

Paypal and bitcoin is different when it comes to investment because paypal is never an investment, they can be both a payment processor online but obviously bitcoin has more usage compared to paypal. It should not be your comparison to say that can paypal be profitable as bitcoin?

I agree with you . bitcoin system and paypal are very different. bitcoin for me is the best choice. paypal only used as a means of payment. while bitcoin is a payment and also as a place to invest.

You made me smile. Really cool. The simplest way to compare it but really effective specially to those who are still into Paypal. Here in bitcoin there is a better room where you could do something. Invest or trade or play with the fluctuation or maybe earn some loaning to someone.

Well, when I said paypal is profitable for me I compared it with the bitcoin payment system. As I said, we have restrictions for using paypal and it makes us very difficult to deal with it but since there are no restrictions for using bitcoin, we don’t have to mess up with extra charges or fees so naturally it gives more returns whereas paypal charges some amount depending on transaction which is usually larger than bitcoin transaction fees.

but for you can decrease your fee just send it via friends or family.. if you are using paypal. for now i think if you choose to pay fee with high priority in bitcoin because of price increase 30 cents to 40 cents your payment when i send 0.005 - 0.008 btc in other wallet.. i can reduce it but the speed of transaction can decrease.. i think paypal and bitcoin right now are the same high fee.. unlike before that bitcoin are giving low fee..

To be honest, for me time doesn’t matter because it is not my main business and I am still a student so I can bear little bit late payment for my side business but I cannot bear less payment on the cost of quicker transfer. Alternatively I can’t even use received funds in paypal (because it is automatically withdrawn in default bank account) which usually takes minimum 3 days to appear in my bank account where as bitcoin is fast and I can use it right away when I receive it.

Decrypted

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Bitcoin is much better than PayPal and most of us knows about it

sadyas

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Quote from: Bitcoinsummoner on November 07, 2016, 12:09:07 PM

Quote from: carlfebz2 on November 07, 2016, 11:03:57 AM

No more questions here. Bitcoin is better than paypal on any ways. Fees are less and transfers are fast even though they are irreversible unlike paypal have cashback but still its far away more better than paypal. I could assure that many paypal users do transfer to bitcoin because they could saw that bitcoins potential and benefits are good compared to paypal and I hope it would be adopted more on the future.

On some ways paypal is still number 1 trusted payment processor and i think we are just like bitcoin because we can easily use bitcoin low fees fast transaction depends how much the fee you pay for your priority transactions. and bitcoin is anonymous. paypal is one of the good if you want to buy things online so that you can refund once you dont receive or you receive a wrong product..

The transaction of the bitcoin was low fee, but not anymore if you want to transfer very fast, you have to pay higher fees.

katrimans

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Quote from: hajimasan on November 04, 2016, 04:38:58 AM

Quote from: Bitcoinxchanger on December 20, 2015, 08:57:54 AM

I have been told that don't accept payments via paypal, is that right?
Because when buyer will have his bitcoins then he can claim back money from paypal by saying that i haven't received desired product.

since some of the complicated workin the bitcoin to convert into fiat but still it is more better than paypal .
in paypal any amount of money may br deduce from your bank account with prior notice . PayPal payments are reversible .
so if we are making deals with Bitcoin with escrow then we have the bitcoin as a better option than paypal .

There are no issues in converting bitcoins to fiat for me at least. I just visit localbitcoins, find a seller I have traded before or a one that is trusted and just open the trade, he sends me bank money and I release the bitcoins. Pretty simple for me though some might not know how to use LBC.

GregH37

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Quote from: brutosBTC on November 03, 2016, 10:11:22 PM

Yes it is true that the best option for buyers is the paypal because they can refund the money if they do not received the product that they asked for but
in terms of fast transaction of money I guess the best one is the bitcoin but it needs an escrow for they can trust you that much.

But that refund has opened new doors for scammers. What they do is buy some product online and then open a charge-back, I think anyone using paypal is a idiot because hey, all the money you have in your account can be charged back by paypal in 2 mins without any reason just because the buyer claims it. WOW !

socks435

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