Now PayPal accounts can be funded with Bitcoin - page 2.

TwinWinNerD

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Quote from: Amph on October 19, 2015, 05:36:52 AM

Quote from: omarabid on October 19, 2015, 05:03:02 AM

it'll work only if you have a paypal account that can receive "commercial" payments. The support was very quick to refund though.

so you need to run a business or something? i'm udnerstading this right? this will be a very high limit...

No, but there are countires, where PayPal customers cant receive any transfers at all.
If you can receive money on PP you can use the service

omarabid

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Quote from: Amph on October 19, 2015, 05:36:52 AM

Quote from: omarabid on October 19, 2015, 05:03:02 AM

it'll work only if you have a paypal account that can receive "commercial" payments. The support was very quick to refund though.

so you need to run a business or something? i'm udnerstading this right? this will be a very high limit...

I'll let it to a support stuff to confirm that!

Amph

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Quote from: omarabid on October 19, 2015, 05:03:02 AM

it'll work only if you have a paypal account that can receive "commercial" payments. The support was very quick to refund though.

so you need to run a business or something? i'm udnerstading this right? this will be a very high limit...

omarabid

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it'll work only if you have a paypal account that can receive "commercial" payments. The support was very quick to refund though.

omarabid

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ok, I made a 0.1btc order trying this thing out. Will report the results.

RKing

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Quote from: tennozer on October 18, 2015, 09:20:27 AM

Quote from: TastyChillySauce00 on October 17, 2015, 08:02:47 AM

Quote from: tennozer on October 16, 2015, 07:16:52 PM

why I funded my paypal account with my bitcoins? I can not even use my paypal balance in anywhere, but I can use bitcoin where I want. Also I can exchange my bitcoin easily too.

do you ever shopping dude? almost all online shop / stores around the world accept paypal , i've seen just few online stores that accept paypal,that's why its a good news

I nmy country, there are a little options to use paypal and I do not to use my paypal account for my neccesities. I prefer to use bitcoin. But you are right paypal is an options to improve bitcoin world.

Maybe the fees charged by Paypal is lower for bitcoin transactions. As in general, the transaction fees for bitcoin is lower than that of fiat.

GermanGiant

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Quote from: tennozer on October 18, 2015, 09:20:27 AM

Quote from: TastyChillySauce00 on October 17, 2015, 08:02:47 AM

Quote from: tennozer on October 16, 2015, 07:16:52 PM

why I funded my paypal account with my bitcoins? I can not even use my paypal balance in anywhere, but I can use bitcoin where I want. Also I can exchange my bitcoin easily too.

do you ever shopping dude? almost all online shop / stores around the world accept paypal , i've seen just few online stores that accept paypal,that's why its a good news

I nmy country, there are a little options to use paypal and I do not to use my paypal account for my neccesities. I prefer to use bitcoin. But you are right paypal is an options to improve bitcoin world.

Is PayPal restricted in Turkey ? Does not Turkey have any good online shopping portal ?

tennozer

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Quote from: TastyChillySauce00 on October 17, 2015, 08:02:47 AM

Quote from: tennozer on October 16, 2015, 07:16:52 PM

why I funded my paypal account with my bitcoins? I can not even use my paypal balance in anywhere, but I can use bitcoin where I want. Also I can exchange my bitcoin easily too.

do you ever shopping dude? almost all online shop / stores around the world accept paypal , i've seen just few online stores that accept paypal,that's why its a good news

I nmy country, there are a little options to use paypal and I do not to use my paypal account for my neccesities. I prefer to use bitcoin. But you are right paypal is an options to improve bitcoin world.

Kprawn

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Quote from: ?? on ??

Quote from: Kprawn on October 18, 2015, 02:44:56 AM

So if people start converting BTC to Paypal, less merchants will need to accept BTC directly and the BTC users needs to pay extra fee's.. What is the benefit of that?

We insert another 3rd party into the mix, and make Bitcoin more vulnerable to hacking and security loopholes. When they fail, Bitcoin gets the blame. Roll Eyes

If you are one of those people who believe in financial privacy .... you just added another service to the list of people who will collect your information.

https://www.coinimal.com/faq

" Our main method for verification is [verify-U] face2face. With this method a webcam-chat with the company Cybits is started, where they check your passport and determine your identity. This takes less than 10 minutes until everything is done. Alternatively you can use our normal verification, where you have to upload a copy or your passport, proof of residence and a "Coinimal"-selfie. "

Support Bitcoin, not PayPal. Angry

before reading your post im just very happy ,but after reading it , it make me worried, im agree with you ,but this news still make bitcoin one step further to becoming popular than before , it have negative and positive side

I am not saying not to use this service.... If you are one of those people, who has no problems with any of these things I have mentioned, go ahead and use it.

We also need services like this to bring in people who has to adhere to AML/KYC regulations and there are millions of them. If this opens up Bitcoin to PayPal and people need

that kind of service... use it. I am just warning people against the negative consequences if we use services like these and neglect Bitcoin growth and merchant adoption.

Amph

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Quote from: addy boy on October 18, 2015, 03:10:58 AM

what the hell is it. its impossible to work two diffrent money processing systems together it doesnt make any sence sounds like it will not able to stay forever .only in somedays it will be like what it is seprated.because people loves botcoin more than paypal

it's actually true, and they are not a scam, by any mean, they simply sell your coin and give you the money on paypal, avoiding the chargeback, thing, this is why it's not possible to buy for now

iram66680

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Quote from: Kprawn on October 18, 2015, 02:44:56 AM

So if people start converting BTC to Paypal, less merchants will need to accept BTC directly and the BTC users needs to pay extra fee's.. What is the benefit of that?

We insert another 3rd party into the mix, and make Bitcoin more vulnerable to hacking and security loopholes. When they fail, Bitcoin gets the blame. Roll Eyes

If you are one of those people who believe in financial privacy .... you just added another service to the list of people who will collect your information.

https://www.coinimal.com/faq

" Our main method for verification is [verify-U] face2face. With this method a webcam-chat with the company Cybits is started, where they check your passport and determine your identity. This takes less than 10 minutes until everything is done. Alternatively you can use our normal verification, where you have to upload a copy or your passport, proof of residence and a "Coinimal"-selfie. "

Support Bitcoin, not PayPal. Angry

Good point. However, verification has always been necessary for exchanging fiats to Bitcoin due to AML/KYC policy. Especially with Paypal, the exchanger carries a fair amount of risk from chargeback and getting their paypal account blocked. Bitcoin would always be popular for fast confirmations though.

addy boy

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what the hell is it. its impossible to work two diffrent money processing systems together it doesnt make any sence sounds like it will not able to stay forever .only in somedays it will be like what it is seprated.because people loves botcoin more than paypal

Kprawn

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So if people start converting BTC to Paypal, less merchants will need to accept BTC directly and the BTC users needs to pay extra fee's.. What is the benefit of that?

We insert another 3rd party into the mix, and make Bitcoin more vulnerable to hacking and security loopholes. When they fail, Bitcoin gets the blame. Roll Eyes

If you are one of those people who believe in financial privacy .... you just added another service to the list of people who will collect your information.

https://www.coinimal.com/faq

" Our main method for verification is [verify-U] face2face. With this method a webcam-chat with the company Cybits is started, where they check your passport and determine your identity. This takes less than 10 minutes until everything is done. Alternatively you can use our normal verification, where you have to upload a copy or your passport, proof of residence and a "Coinimal"-selfie. "

Support Bitcoin, not PayPal. Angry

RKing

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Quote from: yayayo on October 17, 2015, 09:15:15 AM

Quote from: TastyChillySauce00 on October 17, 2015, 08:02:47 AM

Quote from: tennozer on October 16, 2015, 07:16:52 PM

why I funded my paypal account with my bitcoins? I can not even use my paypal balance in anywhere, but I can use bitcoin where I want. Also I can exchange my bitcoin easily too.

do you ever shopping dude? almost all online shop / stores around the world accept paypal , i've seen just few online stores that accept ~~paypal~~ Bitcoin [ftfy],that's why its a good news

I hate Paypal so much that I will never use it - mostly because of their arbitrary account freezing, government bootlicking and excessive fees. It's true that Paypal is accepted by many more stores than Bitcoin, but this is about to change. Paypal can't compete against Bitcoin, because Bitcoin is free money that can do everything Paypal can and more with zero corporate overhead.

As a Bitcoiner, I support those stores that accept Bitcoin. If a store doesn't offer Bitcoin payment you can in most cases still use good old wire transfer instead of Paypal. Paypal-only stores are not customer-friendly and don't deserve support.

ya.ya.yo!

Competition will change that. If another company offer similar service as paypal, but using bitcoin and has lower transaction charges, customer will use the other service.

anthonycamp

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soo its every body try to earn money acording to new ideas and a bit of ignorace from the others well its true maybe this its a bit fiasco too i dont know..

yayayo

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Quote from: TastyChillySauce00 on October 17, 2015, 08:02:47 AM

Quote from: tennozer on October 16, 2015, 07:16:52 PM

why I funded my paypal account with my bitcoins? I can not even use my paypal balance in anywhere, but I can use bitcoin where I want. Also I can exchange my bitcoin easily too.

do you ever shopping dude? almost all online shop / stores around the world accept paypal , i've seen just few online stores that accept ~~paypal~~ Bitcoin [ftfy],that's why its a good news

I hate Paypal so much that I will never use it - mostly because of their arbitrary account freezing, government bootlicking and excessive fees. It's true that Paypal is accepted by many more stores than Bitcoin, but this is about to change. Paypal can't compete against Bitcoin, because Bitcoin is free money that can do everything Paypal can and more with zero corporate overhead.

As a Bitcoiner, I support those stores that accept Bitcoin. If a store doesn't offer Bitcoin payment you can in most cases still use good old wire transfer instead of Paypal. Paypal-only stores are not customer-friendly and don't deserve support.

ya.ya.yo!

TastyChillySauce00

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Quote from: tennozer on October 16, 2015, 07:16:52 PM

why I funded my paypal account with my bitcoins? I can not even use my paypal balance in anywhere, but I can use bitcoin where I want. Also I can exchange my bitcoin easily too.

do you ever shopping dude? almost all online shop / stores around the world accept paypal , i've seen just few online stores that accept paypal,that's why its a good news

iram66680

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Quote from: Meuh6879 on October 16, 2015, 09:43:41 AM

Quote from: 7788bitcoin on October 16, 2015, 02:33:24 AM

At the moment, Paypal and bitcoin are still not "compatible". One is reversible and the other is irreversible transfer.

partially wrong ... verified account of paypal can not reverse payment on a exchange that it allow ONLY verified paypal account. Wink

verified account : KYC (name, adresse, ...) and bank account provided.

Verified account could potentially pose the same risk as an unidentified account. You can verify an account using a VCC or VBA which is quite easy and open for abuse. Any transaction involving Bitcoin can be reversed if the person calls up paypal and say its hacked.

LiteCoinGuy

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In Satoshi I Trust

Quote from: TwinWinNerD on October 15, 2015, 07:39:39 PM

Quote from: chanlance on October 15, 2015, 07:38:34 PM

hope no one gets swindled in the process

Why do you think this is even a chance? We have been selling and buying Bitcoin for one year and had thousands of customers in that time. Not a single person felt they were scammed.

it is hard to build up trust, bitcoiners are careful (some at least Cheesy

). but as time goes by you will gain more and more trust.

JeWay

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This is a good news right, cos we can now easily spend our Bitcoin more freely.
Whys some of you guys seems like don't like this news Huh

Topic: Now PayPal accounts can be funded with Bitcoin - page 2. (Read 4709 times)