Topic: paypal exchange rates are the best reason to use bitcoin (Read 896 times)
When you're making a payment with currency conversion, PayPal adds a 2.5 to 4% exchange rate spread depends on the currency you're paying , this is ridiculously steep. Your bitcoins will *always* give you a better exchange rate than PP.
I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!
Whoa, that's huge. Yeah, once citizens of every nation can pay most businesses in BTC, no one will be using Pay"pal" anymore. 
Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet 
)
Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!
Given electronics / software cost us Aussies between 20 - 50% more on average than in the US, being able to purchase from overseas and use bitcoin to avoid the exchange rate issues, it really is only a matter of time before everyone starts using it.
Speculation is one thing. Saving money is another. Feeling pissed off over getting ripped off is the biggest motivator i have found yet!!
p.s. bought the macbook from CoinsForTech. Awesome service.
)Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!
Given electronics / software cost us Aussies between 20 - 50% more on average than in the US, being able to purchase from overseas and use bitcoin to avoid the exchange rate issues, it really is only a matter of time before everyone starts using it.
Speculation is one thing. Saving money is another. Feeling pissed off over getting ripped off is the biggest motivator i have found yet!!
p.s. bought the macbook from CoinsForTech. Awesome service.
Jump to: