Paypal Accepting Bitcoin Payments!?!?!?!?!?!

Bobblehead Pete

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Quote from: aacoins on March 21, 2015, 01:53:35 AM

This is not a scam thread I swear to damn.

Just click here:
https://www.braintreepayments.com/

Braintree a company wholly owned by paypal is Allowing you to accept payments from Applepay, Paypal, and BITCOINS

They seem to be allowing coinbase integration. So does this mean that logging into your paypal/ebay page and topping up your account with bitcoins is going to be the new thing?

I'm not a big fan of paypal but to see someone who has adamantly fought the rise of bitcoins every step of the way now accepting them at least through one of their venues is unreal to me.

The title of the thread is misleading as hell.
Paypal, doesnt accept bitcoin, Braintree does. Braintree is a subsidiary of Paypal.
Meaning, you will go to braintree to transact bitcoin.

Hence, Paypal does not accept bitcoin.

Chef Ramsay

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Quote from: Towlie on March 24, 2015, 03:51:24 AM

Quote from: Chef Ramsay on March 24, 2015, 12:14:11 AM

Paypal is never to be trusted. Stop this fraud and buy into bitcoin. That's it period. Grand things to come ahead.

But PayPal accepting bitcoin would be part of the 'grand things to come'. It would be huge for bitcoin and adoption if they got on board. Imagine being able to spend bitcoins every place that accepted Paypal? Hopefully we won't need paypal in the future and bitcoin can stand on its own two feet but at this point it would be a great success for bitcoin.

True but paypal will get the drift once it's obvious that the kingmakers are buying and holding, not necessarily this intermediate period of who-knows-what going on. I'm not sure that paypal thinks that adoption leads to more people using them to buy/spend bitcoin, so this is a big problem relying on them in this field. There's lots of info going out, via VCs, that other outlets are better to be used to do your biz in bitcoin w/o the aforementioned. Who needs them at this point? Just sayin

Meuh6879

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Quote from: Chef Ramsay on March 24, 2015, 12:14:11 AM

Paypal is never to be trusted. Stop this fraud and buy into bitcoin. That's it period. Grand things to come ahead.

Paypal work much well than my actual bank ...
But i agree with the problematic incoming fund (and freezing issues).

BitcoinPenny

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BitcoinPenny.com

Quote from: aacoins on March 21, 2015, 02:28:01 AM

Quote from: colinistheman on March 21, 2015, 02:23:23 AM

"2.9% + $.30 per transaction" for all payment methods?

Talk about shitting in the face of Bitcoin.

That removes all the benefit and Braintree takes all that as profit.

Well they are using coinbase for there integration so coinbase charges 1% they charge 1% then they take the addtional 0.9% for all of the customer service they are going to have to do and 30 cents/tx covers there server/power/other associated costs.

Don't get me wrong they will make a killing off of this if it goes mainstream but at the same time for a "non bitcoin payment service" to use bitcoin these are the fees they are used to, so they will continue to charge them.

Yeah, but 2.9% + $.30 is the standard PayPal fee anyway. It sounds like the 1% + 1% + 0.9% etc. is just arbitrary math to justify the same old rates. But I could be wrong. Often am.

Me

HarmonLi

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Honest 80s business!

Quote from: aacoins on March 21, 2015, 01:53:35 AM

This is not a scam thread I swear to damn.

Just click here:
https://www.braintreepayments.com/

Braintree a company wholly owned by paypal is Allowing you to accept payments from Applepay, Paypal, and BITCOINS

They seem to be allowing coinbase integration. So does this mean that logging into your paypal/ebay page and topping up your account with bitcoins is going to be the new thing?

I'm not a big fan of paypal but to see someone who has adamantly fought the rise of bitcoins every step of the way now accepting them at least through one of their venues is unreal to me.

Well they're a payment provider (Braintree) they are best off with integrating as many protocols and payment systems into their portfolio, even if it is just to buy into the hype. It is still up to their customers which system they want to accept!

Towlie

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Quote from: Chef Ramsay on March 24, 2015, 12:14:11 AM

Paypal is never to be trusted. Stop this fraud and buy into bitcoin. That's it period. Grand things to come ahead.

But PayPal accepting bitcoin would be part of the 'grand things to come'. It would be huge for bitcoin and adoption if they got on board. Imagine being able to spend bitcoins every place that accepted Paypal? Hopefully we won't need paypal in the future and bitcoin can stand on its own two feet but at this point it would be a great success for bitcoin.

Amph

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Quote from: Chef Ramsay on March 24, 2015, 12:14:11 AM

Paypal is never to be trusted. Stop this fraud and buy into bitcoin. That's it period. Grand things to come ahead.

this is why i like amazon, they dont rely on paypal at all with their stupid high fees

if they will put high fee on bitcoin too, i doubt many will use it

anshar

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Quote from: Chef Ramsay on March 24, 2015, 12:14:11 AM

Paypal is never to be trusted. Stop this fraud and buy into bitcoin. That's it period. Grand things to come ahead.

Well said Mr. Chef Ramsay. Too bad eBay uses it, as well there's no good alternative. Skrill was good but chargebacks are still possible. Same with Payza, but you can't pay anywhere with Payza.

Buying Bitcoin is still a struggle for some, so until then, PP is the only option

Chef Ramsay

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Paypal is never to be trusted. Stop this fraud and buy into bitcoin. That's it period. Grand things to come ahead.

anshar

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Activity: 350

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What's the big deal. I don't see trouble here. I mean, it's PayPal right? They're bull of bullshit.

Mr.K

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Quote from: haploid23 on March 22, 2015, 01:16:01 PM

Braintree/paypal with bitcoin is nothing new. It was announced last year, which was a lot more hyped up than now. Some people were glad to hear this, but there were many that did not support this integration.

yes,the news of paypal with bitcoin was reported last year.

koshgel

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I would hate to support anything PayPal based but the site seems interesting.

Has anyone used it properly?

trevelyan22

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I bought my first bitcoin paying someone using Paypal. Then Paypal closed their account -- totally ridiculous.

BADecker

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Just watch out. Paypal screwed a whole lot of eGold users way back in the beginning of the 2000s. If you do any Bitcoin business, and Paypal finds out, withdraw all but a minimum of funds out of Paypal. They can't be trusted. If they could, they would return the funds to their old list of eGold users, whose accounts they simply cancelled... so sad, too bad.

leopard2

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this could be interesting for people who don't trust Painpal (so, anyone with a working brain essentially) and does not want to be robbed by them

IF, AND ONLY IF, this would permit operating a Painpal account without connecting a credit card or a bank account, because then you can deposit/withdraw directly into Bitcoin before/after every Painpal payment (such as a purchase on Ebay), and therefore never expose yourself to the risk of Painpal account freezing or reversal theft.

Now Painpal is stealing their customers funds all the time, it is part of their busienss model, so I doubt that they let you use a BTC only funding model. Undecided

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

Quote from: Lethn on March 21, 2015, 06:51:48 AM

I'm not interested in hearing news about Paypal until I see a Bitcoin balance there, the CEO has proven himself to be completely full of shit.

Well, if you look at it from a certain viewpoint, we're all full of shit, quite literally.

nikona

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well...Im not syre if that is a good news..but its ok I guess.. The popularity is on the rise n ppl using that medium will come to know about BTC. The fee is the only issue which I dont think anyone can find a solution to.. other that not using the site.

Fiiasco

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This has been in development for a while now, not new news, but it's exciting to see the monopoly finally making a move towards bitcoin

mercistheman

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OPENBAZAAR will not have these fees... decentralized exchange of goods.
Just don't know what's taking them so long.

Amph

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Quote from: krigger on March 22, 2015, 01:56:34 PM

1. This is not a PayPal.
2. Even if it would be a Paypal, do you think for real that it would be great news?
On Paypal account there is your name, address, even a home phone, which is not privacy at all.
Also, do you think that Paypal will not charge any fees on it?
I am not a hatter, just want some things straight and honestly I would not use my Bitcoins via Paypal (why would anyone?)

well that at least will regulate more bitcoin, you lose anonymity but you gain regulation, and will be more easy to declare taxes

Topic: Paypal Accepting Bitcoin Payments!?!?!?!?!?! (Read 3155 times)