Topic: Paypal Accepting Bitcoin Payments!?!?!?!?!?! - page 2. (Read 3155 times)
Thanks for the information, apparently paypal have another company but the fees is still big
Also if paypal will be involved they will keep the amount for a short period and they guaranteed funds ''trade in safe environment by paypal'' Scammers will love it they will figure something for free coins!In my personal opinion if paypal start trades Bitcoin, is losing value it is like a regulation form on an unregulated system calling Bitcoin.
Kind Regards,
BTC-Bank.
Kind Regards,
BTC-Bank.
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?)
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?)
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.
Same. I don't know what they're playing at. They create cryptic adverts mentioning it but yet they haven't done anything to implement it. I'll believe it when I see it but until then I can't see it happening or not any time soon.
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.
Any integration is good integration in my opinion but some people just really seem to hate PayPal.
they said they are waiting for more security option before accepting it, they are on track, adding 2fa will be the next step before accepting bitcoin as a payment
there was another thread talking about this
They have officially announced Bitcoin adoption, it's a matter of time, the question is when. It will only be huge once we see it on ebay tho. Most paypal transaction volume comes from ebay.com there was another thread talking about this
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.
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Core dev leaves me neg feedback #abuse #political
i've seriously considered suicide or some sort of exile / monastic living in a remote corner of earth rather than continue to live in the capitalist industrial world ... i'm not kidding when i say i fucking hate living on this planet ... likely i'll eventually live in a remote off-grid cabin or a blue water sailboat to satisfy my demands for not being exploited in my daily life , producing all of my own electricity and food/water in either case ... i'd live on mars in a heartbeat ...
Guess what buttercup, life isn't all rainbows and puppies 100% of the time. There's gonna be competition, there's gonna be challenges, there's gonna be people screwing others over to get ahead. That's just how the world is and it ain't changing anytime soon. No one likes fees but it's a (semi) free market, and a business must make profits to stay in existence. Now... you can either be all bitter and wrapped up in self pity about it, or you can accept it, laugh at it, make the best of it, and choose to be happy. I choose the latter option.
Braintree + PayPal + Coinbase = No Privacy
These guys spit in the face of Satoshi and we rant and rave about them accepting Bitcoin... how weird is that?
The added transaction fees is the salt in the wounds.
These guys spit in the face of Satoshi and we rant and rave about them accepting Bitcoin... how weird is that?
The added transaction fees is the salt in the wounds.
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.
fee's are not the problem, after all on most days there is a difference of more than 3% between exchanges.
for instance right now
BTC-e 253.00 USD
OKCoin.com 254.17 USD
Bitfinex 255.80 USD
Bitstamp 256.33 USD
LocalBitcoins 290.31 USD
so if you bought off localbitcoins.com you would complain that there was a 12% fee compared to btc-e
so if you bought off bitstamp.com you would complain that there was a 1.3% fee compared to btc-e
and thats just treating the spot spread as a fee before you even include the actual service fee.
for instance right now
BTC-e 253.00 USD
OKCoin.com 254.17 USD
Bitfinex 255.80 USD
Bitstamp 256.33 USD
LocalBitcoins 290.31 USD
so if you bought off localbitcoins.com you would complain that there was a 12% fee compared to btc-e
so if you bought off bitstamp.com you would complain that there was a 1.3% fee compared to btc-e
and thats just treating the spot spread as a fee before you even include the actual service fee.
why is local bitcoins beyond expensive compared to other exchange rates? or are there traders setting up this fake price to sell over priced bitcoins. i wonder who would buy coins priced at $290 now. maybe newbies.
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?
Probably not. Until I see some actual proper implementation by Paypal and not some subsidary this isn't really anything to get excited about in my opinion.
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.
Who has thought the rise of bitcoin? Paypal?
they said they are waiting for more security option before accepting it, they are on track, adding 2fa will be the next step before accepting bitcoin as a payment
there was another thread talking about this
there was another thread talking about this
That's funny. Paypal isn't any more secure than bitcoin. At least I know I'm not going to sell something then get a chnargeback a few days later with bitcoin.
That's great. Talk about the fees, I don't think it's an issue at all. Never mind if it's through Braintree and not Paypal because eventually it is still the same. And no matter what we just can't escape from the fees. If we compare that by accepting credit card payment, that is even worse. So for that few percent of difference and at the same time help to promote bitcoin, overall I think that is still good enough.
they said they are waiting for more security option before accepting it, they are on track, adding 2fa will be the next step before accepting bitcoin as a payment
there was another thread talking about this
there was another thread talking about this
Yes, Braintree you are talking about is a subsidiary company owned by paypal accepts Bitcoin, I remember this is a old news from last summer.
And Braintree accepting Bitcoin is not equal to Paypal accepting Bitcoin, they are different companies.
And Braintree accepting Bitcoin is not equal to Paypal accepting Bitcoin, they are different companies.
I agree to an extent braintree taking bitcoin is not paypal taking bitcoin but at the same time when their listed agent is PAYPAL it means that paypal is in one way shape or form accepting bitcoin.
And 2 it just happened in January https://www.braintreepayments.com/blog/coinbase-private-beta So if it is fro last year it has not been active until <60 days
Yes, Braintree you are talking about is a subsidiary company owned by paypal accepts Bitcoin, I remember this is a old news from last summer.
And Braintree accepting Bitcoin is not equal to Paypal accepting Bitcoin, they are different companies.
And Braintree accepting Bitcoin is not equal to Paypal accepting Bitcoin, they are different companies.
i've seriously considered suicide or some sort of exile / monastic living in a remote corner of earth rather than continue to live in the capitalist industrial world ... i'm not kidding when i say i fucking hate living on this planet ... likely i'll eventually live in a remote off-grid cabin or a blue water sailboat to satisfy my demands for not being exploited in my daily life , producing all of my own electricity and food/water in either case ... i'd live on mars in a heartbeat ...
merchants have fees for processing digital payments ... ok ... fine ... that cuts into their profit margin , sure ... and people are lazy and want turn key solutions , check ... sounds about right from business perspective ... but as a *consumer* like most people are , who don't own their own multinational conglomerate , the choice between paying extra and not paying extra is a pretty easy choice ... as a merchant , choosing between letting paypal fuck you over for a couple % , or choosing bitcoin payment processors to fuck your customers over for a couple additional % , why not let the buyers take the fee instead of you , right ? ... god i fucking hate living on this planet ...
No don't get me wrong I completly agree with your above statement. but it's the same way with everything in life.
As a consumer I go to walamart and a mom and pop grocery store and buy the exact same thing.
Walmart is going to be about 15% cheaper:
6+% Quantity discounts on sales items
1-2% Quantity discount on payment processor
And the rest is contributed to labor and business expenses that a larger company can write off in the millions of dollars in income they are making compared to a store making <40k/week total sales.
Same for bitcoin sites. Go to a site that uses coinbase exclusively and a site that uses braintree and your looking at paying on average 1.9% more for the same thing.
So I agree the consumer eats the cost but that's just the way the cookie crumbles
You could always buy a spaceship. You might need to use PayPal and pay the fee, though. Then you just have to convince them at the new planet that your money is the true money.
merchants have fees for processing digital payments ... ok ... fine ... that cuts into their profit margin , sure ... and people are lazy and want turn key solutions , check ... sounds about right from business perspective ... but as a *consumer* like most people are , who don't own their own multinational conglomerate , the choice between paying extra and not paying extra is a pretty easy choice ... as a merchant , choosing between letting paypal fuck you over for a couple % , or choosing bitcoin payment processors to fuck your customers over for a couple additional % , why not let the buyers take the fee instead of you , right ? ... god i fucking hate living on this planet ...
"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.
Talk about shitting in the face of Bitcoin.
That removes all the benefit and Braintree takes all that as profit.
Quote
Simple pricing with no monthly fees or minimums. PayPal and Coinbase are charged differently.
So not quite, but still, it is something. This is good news in any way, doesn't necessarily mean that people will start using this service though. The fees for Bitcoin transactions should be much lower if this were to make any sense,but it's their call after all. Imagine 2.9% on 10k, 20k, 50k ect.
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