Topic: Paypal Banned Greece! (Read 4535 times)

Did Greece ban PayPal or did PayPal ban Greece?

Important is to tell something.   At all important what.   Me first. Had more than one posts here.     

Seems like many people are replying to this topic only by reading the title... Come one guys, put a little more effort into your posts and read about what you're posting. Paypal is no longer "blocking" Greece, this is an old post.

Even though i don't like and i don't use paypal.
They fast limit your account and require lots of documents to 'unlock' your account.
About the greece people i am a bit surprised that paypal has stopped their service in this country which i think needs to get 'donations' from others at least through paypal.

Yes, there are people advertising bitcoin sales through localbitcoins, however most of them are fake. They're not filtered so there's a lot of spam. The only sellers with reasonable prices and volumes aren't even living in Greece and have invalid ads.

And yes, lots of tourists incoming. I haven't met any interested in bitcoin though. I think it'd be perfectly possible for a tourist to 'import' bitcoins and get paid in cash but such a procedure would fall under money laundering or at least make the parties look suspicious to the authorities if done at a large scale. Certainly not a reliable way to boost bitcoin adoption.

What about face to face exchanging thru localbitcoins.com?  There appears to be a number of advertisers for both selling and buying in Athens.  Greece has a sizable tourism industry for foriegners no?  Why not tourist venue operators advertise a discount when paying in bitcoin, and then sell the bitcoin to other greek nationals to spread the digital currency around?

The reason people choose PayPal as it's not only legal to accept PayPal payments but PP is widely recognized and adopted as a payment method by many online shopping websites and it allows withdrawal to the banks.

Bitcoin is getting popular day by day but many countries have made this currency illegal and very few online shopping websites do accept bitcoins and they aren't even popular websites. Though it's easier to deal in bitcoins, we need to understand that till it doesn't get legalized in most countries like PayPal, it won't gain more popularity as compared to PayPal.

no store accept bitcoin there? you can always buy online if you want, and anyway open bazar is coming, every9one around the wolrd will have a chance to buy stuff with bitcoin directly

We'll never know what the future holds, but still it will depend on the economic stability of a particular country.

 I can tell you that pay pal isalso banned to Catalunia in Spain and  some other Spanish areas
But so what,thayare much better simillar to pay pal services,from UK,available forany EU citzens,Neteller for example

OK but you can't compare Paypal and Bitcoin, paypal is only a system, connecting seller and customer, with a money exchange function, but Bitcoin is not only like this but it's a currency itself too.
You can't compare them because people usually know paypal but only some of them know about Bitcoin yet, but hopefully it will get more widespread in the near future.

I counter that; as i believe that's exactly what's needed for bitcoin to become more popular there as well, if the other payment options get nulled.
You can use bitcoin for any transaction almost, because many sites are starting to use bitpay to process transactions, and you can transfer person to person funds via ATM or exchanges.
Don't really see what's making you stick with paypal, bitcoin is way better imho.

I hope it does not happen in the region of Southeast Asia, especially in Indonesia, because at this time is in need paypal for my foreign transactions, like when to know that at this time paypal is the only site accounts that were able to connect with many banks in the whole world

Once the lightning network is operative (and maybe the blocksize is increased a bit) I can see Bitcoin being a major player on future similar events in this and other countries, but until that day, we can't say that Bitcoin can replace the currency of those countries, it's not an alternative. People of course, can dindividually decide to use bitcoin as a way out from their governments at any time.

It's surprising PayPal cannot agree with the T&C of any country or it's the opposite case. They dislike Sri Lanka as well and it seems Sri Lankan PP accounts cannot receive PP funds. Even with regards to my country India, RBI doesn't allow PP to hold any funds and hence even a small amount as $0.1 is withdrawn to my bank within 2-3 days of it getting deposited into my PayPal. BTC is much better as till I don't make a transfer, the coins remain safe in my wallet and it is not regulated by the Government as well.

Unfortunately I don't think the world or the Bitcoin are ready for such a huge Bitcoin use. We will get there in few years but until then customers worldwide will need PayPal and other payment methods. I am just being realistic here!

A lot of confusion here so let me clear few things. I live in Greece myself so I know what's going on.

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ATM cash withdrawals are limited to ~400€ per week.

Paying taxes, buying from stores, transacting money to individuals or companies with an account in the country is done electronically without limits.

Remittances by individuals headed outside of the country are limited to 500€ a month.

Paypal hasn't banned Greece, Greeks were locked out from using it's features for a while but as capital controls loosened we're now able to use it (with the limitations in place).

Prepaid card paysafe had completely shut down it's services but is now offering normal service for consumers that want to buy products or services from companies using paysafe and have registered offices within the country. (selection is limited though, big names like steam aren't registered in Greece.)

Companies can transact money but transactions go through approvals from committees set in each bank.

There's currently no reliable way for Greeks to buy bitcoin. Yeah, believe it or not, despite all the hype we still have no reliable way to buy bitcoin even after capital controls have become less strict.

Bitcoin debit cards exist and are accessible by Greeks, they work normally with no limits in Greece too (as any card issues without a Greek bank would work). However, as there's no way Greeks can conveniently convert their money to BTC it's kinda pointless for people that didn't already own bitcoin to use one.

Cards issued with Greek banks allow to process certain transactions with companies outside Greece. Some activities like gambling and gaming are excluded and on top of that there's also a monthly limit.

There is some localbitcoins where you can sell and buy bitcoins,but countries are ajusting their control over the banks to stop someone to get all savings and invest at bitcoin and when the people need fiat they could sell them,but those would require a huge ammount to handle such thing.The same way several stores had open to buy gold ,and where you can convert your gold into fiat or fiat into gold.

There are not to much possibilities that some country (whosoever be that country, and less more Greece) adopt bitcoin as its money. Normally, no one country can adopt as its money a currency that is not owned by it, that is not controlled by it and that, the big amount of it is in circulation out of it. Then, if overpassed the above and the country decide to have bitcoin as its currency, that country need to buy big amounts of bitcoin to begin the monetary life in this country (to be able to maintain and pay the public administration, the public services, the policy, the army, the other governative agencies etc. depending from the public structure that country have). This is totally impossible for the Greece because have no money to do such operations. It will be hard to do such conversion even for one more developed and powerful countriy and not for Greece which it is in sore straits.

i have not upload my ID with paypal, what you're talking about?

but i would fuck paypal anyday, just because of their stupid high fee, it's only nice to use in some website that are unknown and you need to buy rare thing, like specific supplements