Now PayPal accounts can be funded with Bitcoin - page 4.

Mickeyb

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Quote from: Amph on October 16, 2015, 02:04:23 AM

they have done it to encourage more people to upgrade their status to gold

because you need that level to use paypal and other available method of payment

i'm right now on the front page and i'm seeing that you need total verification for this to work...

But do you have to do the whole verification to the gold member even if you are only receiving a payment via PayPal? This makes no sense, after all it's the seller who assumes all the risk. Seller is getting paid in PayPal, then why this complete verification?

Amph

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they have done it to encourage more people to upgrade their status to gold

because you need that level to use paypal and other available method of payment

i'm right now on the front page and i'm seeing that you need total verification for this to work...

coinplus

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This is a very good news to convert your bitcoin into fiat. Long back Vnbitcoin has provided this kind of bitcoin selling option with some fee. But now they have stopped buying bitcoins from us. I have seen Coinimal already has very good reputations among our bitcoin community now it's time for that to grow.....

coinpr0n

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Quote from: TwinWinNerD on October 15, 2015, 10:45:23 PM

Quote from: coinpr0n on October 15, 2015, 10:42:02 PM

I guess it could work (merchant account, etc.) but I personally won't touch this with a ten-foot pole. And the fun part would be buying bitcoin with PayPal, not the other way around. Anyway, good luck to them.

Thank you! May I ask why you wouldn't touch a service like this? So that I can maybe remove any concerns for other customers and improve the service.

It's just a personal thing: I would definitely want to wait until I see enough feedback from the community. Bitcoin-PayPal has been historically disastrous. I have no need for it (maybe the other way around yes) - I have exchange accounts set up which are fast already and hardly use PayPal. I also don't use things like Purse.io or Lawnmowers etc - it's just not my cup of tea.

I definitely think if you can prove yourselves and transaction times are fairly quick - you will have a market.

TwinWinNerD

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Quote from: coinpr0n on October 15, 2015, 10:42:02 PM

I guess it could work (merchant account, etc.) but I personally won't touch this with a ten-foot pole. And the fun part would be buying bitcoin with PayPal, not the other way around. Anyway, good luck to them.

Thank you! May I ask why you wouldn't touch a service like this? So that I can maybe remove any concerns for other customers and improve the service.

coinpr0n

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I guess it could work (merchant account, etc.) but I personally won't touch this with a ten-foot pole. And the fun part would be buying bitcoin with PayPal, not the other way around. Anyway, good luck to them.

UserVVIP

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You need to change your title to be less deceiving.

I thought pp itself liked btc.

mtnsaa

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This is good news, I think if Bitcoin price continues to be relatively stable services like this will be more reliable and avalable. VirWox is ok, I've used it and it was fine but the fees were ridiculous. We need more serious exchanges that accept Paypal or pay for your Bitcoins in Paypal, mostly worldwide. I know there are a lot of security and identity concerns but I feel it's improving month by month.

Timely

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The paypal link:

https://www.paypal.com/webapps/mpp/paymentshub

Meuh6879

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Quote from: dothebeats on October 15, 2015, 11:46:05 AM

Paypal? Bitcoin? I smell bull on this one. Paypal wouldn't integrate bitcoin into their system unless some miracle happens. Is the source of this news credible?

Well no ... it's an exchange that it accept Paypal.

VirWox already do this.

Many exchanges can decrease the fees ... eventually.

Hugroll

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Quote from: Mickeyb on October 15, 2015, 03:36:52 PM

Coinimal is very reputable so far in my opinion. It's a new exchange but with the old reputable member of this forum who is by the way also an escrow of this forum, TwinwinnerD.

I don't know how did they manage to get this working with PayPal but I can almost guarantee this is not a scam as some are suggesting in the thread.

if it turns out to be legit i would be pretty damn happy with paypal accepting bitcoins, funding my account from my bank right now takes like 5 days and bitcoin will cut that time down to like 5minutes
-edit i thought paypal was accepting coins, turns out its an exchange that converts to paypal

TwinWinNerD

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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.

chanlance

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hope no one gets swindled in the process

Arcteryx

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Quote from: Mickeyb on October 15, 2015, 03:53:24 PM

Quote from: Arcteryx on October 15, 2015, 03:41:00 PM

Quote from: Mickeyb on October 15, 2015, 03:36:52 PM

Coinimal is very reputable so far in my opinion. It's a new exchange but with the old reputable member of this forum who is by the way also an escrow of this forum, TwinwinnerD.

I don't know how did they manage to get this working with PayPal but I can almost guarantee this is not a scam as some are suggesting in the thread.

I think it is a good thing. More options available to the consumer is progress.

Of course it's a good thing, especially if we know that buying and selling bitcoins is very complicated at the moment and many new people get overwhelmed with this when they try to get into a Bitcoin space.

I would say this is even harder than securing your wallet properly, which is another complicated thing about Bitcoin in my opinion.

So yes, we need all of the options that we can have!

I do know of it's complexity. I have been in bitcoin since for 6 months and still find it hard to obtain it. I do deal with paypal and find this just a means of closing this gap of being so complicated to find a reliable way of getting it without paying high fees at the end of it all.

Mickeyb

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Quote from: Arcteryx on October 15, 2015, 03:41:00 PM

Quote from: Mickeyb on October 15, 2015, 03:36:52 PM

Coinimal is very reputable so far in my opinion. It's a new exchange but with the old reputable member of this forum who is by the way also an escrow of this forum, TwinwinnerD.

I don't know how did they manage to get this working with PayPal but I can almost guarantee this is not a scam as some are suggesting in the thread.

I think it is a good thing. More options available to the consumer is progress.

Of course it's a good thing, especially if we know that buying and selling bitcoins is very complicated at the moment and many new people get overwhelmed with this when they try to get into a Bitcoin space.

I would say this is even harder than securing your wallet properly, which is another complicated thing about Bitcoin in my opinion.

So yes, we need all of the options that we can have!

boopy265420

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I would give it try in future whenever I need to fund my PayPal account.I also had few reservations just like others but after reading the answers of ceo of this company I am satisfied about biggest concern of reversible of transaction which is not matter here anymore.

Guido

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Quote from: TwinWinNerD on October 15, 2015, 02:11:36 PM

Quote from: pereira4 on October 15, 2015, 11:24:45 AM

Quote from: GermanGiant on October 15, 2015, 11:22:35 AM

Coinimal, a Vienna based company, now allowing PayPal EUR accounts to be funded with Bitcoin & NXT.

https://www.coinimal.com/trades/sell/paypal

I don't get this. How did they achieve this? Is this official support of PayPal to bitcoin, or is it done through some 3rd party method?
Why isn't PayPal accepting Bitcoin directly already? I want to be able to buy anything on ebay with Bitcoin, im tired of the PayPal bullshit.

You sell the Bitcoin on Coinimal and get a Euro transfer on PayPal. This is no direct implementation of Bitcoin in PayPal.

Quote from: nydiacaskey01 on October 15, 2015, 11:28:53 AM

is this an early April fools joke? i'm not buying this story, there must be something wrong there, paypal and bitcoin can't work together

No april fools joke, its live and can be used already. PayPal hasn't integrated Bitcoin directly, if you thought that.

Quote from: Guido on October 15, 2015, 11:35:02 AM

I smell a scam

Why do you say this? We are a fully registered GmbH in Vienna, Austra and are fully compliant with all regulations. Also we are already in business for a year with thousands of happy customers!

hmm, ok
maybe i was little hasty
i will take a closer look

Arcteryx

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Quote from: Mickeyb on October 15, 2015, 03:36:52 PM

Coinimal is very reputable so far in my opinion. It's a new exchange but with the old reputable member of this forum who is by the way also an escrow of this forum, TwinwinnerD.

I don't know how did they manage to get this working with PayPal but I can almost guarantee this is not a scam as some are suggesting in the thread.

I think it is a good thing. More options available to the consumer is progress.

Mickeyb

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Activity: 798

Merit: 1000

Move On !!!!!!

Coinimal is very reputable so far in my opinion. It's a new exchange but with the old reputable member of this forum who is by the way also an escrow of this forum, TwinwinnerD.

I don't know how did they manage to get this working with PayPal but I can almost guarantee this is not a scam as some are suggesting in the thread.

TwinWinNerD

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Quote from: Denker on October 15, 2015, 02:14:43 PM

Quote from: tiggytomb on October 15, 2015, 12:13:33 PM

Tread carefully with this one, there will no doubt be some charges involved.

I wouldn't even touch it if it would be for a free try out. But you're right people who wanna give it a try should read up on the small print.

What exactly are you concerned with? I am happy to help solve those concerns.

Topic: Now PayPal accounts can be funded with Bitcoin - page 4. (Read 4709 times)