paypal will be the escrow. funds wont be released until customer acknowledges delivery (leaves feedback)
it does not matter if its dollars, pounds or bitcoin. it will b locked into paypal until feedback is given
..... i HOPE
Topic: PayPal Integrating Bitcoin soon. - page 11. (Read 11263 times)
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now if paypal accepted bitcoin and integrated it properly to protect consumers and sellers then bitcoin will explode in my opinion. Since basically in my experience from places i shop online 95% accept paypal as payment.
bitcoinmania.eu/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-international-business-times-uk.html
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
Nothing chages for PayPal or Buyer or Seller as far as BTC integration goes.
Buyer buys something for BTC, BTC goes to PayPal who than transfers it to $ and holds just like they hold fiat. When all requirements are met, they send $ to seller (or mybe there would be option to convert $ to BTC and send BTC to seller if he wishes).
If chargeback happens (in period while PayPal holds BTC/fiat), PayPal just returns BTC/fiat equivalent to buyer.
Only thing that changes is that, PayPal is now in control of chargeback decision. Now, credit card houses are one that decide will there be chargeback or not in most cases, not PayPal, with BTC PayPal could actualy start protecting Seller too.
PayPal can't take fiat out of your checking account, unless you've approved it. So fiat is just like bitcoin in PayPal's eyes.
Paypal already has a pretty much turn-key solution available to them if they decide to acquire Coinbase. Getting bought out is a very viable endgame for a VC-stage company, and there are business relationships in common between the two organizations already.
If there is a charge-back, PayPal will expect you to cover it. If you don't they freeze/close your account same as if it were fiat. Not sure what you think would be different.
bitcoinmania.eu/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-international-business-times-uk.html
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
Well thats pretty interesting I had to sign a notary form saying I wouldn't sell BTC for paypal or face permanent account closure haha.
Things change, man. Nice to see you around!
bitcoinmania.eu/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-international-business-times-uk.html
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
Well thats pretty interesting I had to sign a notary form saying I wouldn't sell BTC for paypal or face permanent account closure haha.
bitcoinmania.eu/paypal-bitcoin-integration-coming-very-soon-says-ebay-ceo-international-business-times-uk.html
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
No one in their right mind would use BTC to pay for anything on PayPal. The credit card chargeback protection has always been the front lines of consumer protection from seller fraud on PayPal. Buyer wins 99% of the time.
Most likely there's no way to tell how the buyer is paying. However if there was a way to require BTC payment, that would be a game changer for sure. Because PayPal's policy is not to interfere with intangible goods. Buyer is basically out of luck. Scamming will go the other way as sellers receiving PayPal payments will be secure from chargebacks.
Then there's the issue about withdrawls in BTC and having your PayPal account hacked.
Who will receive BTC payments? PayPal or the seller? It will be interesting to see how this will work at the end. Either way there's probably going to be scamming as usual.
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