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Topic: paypal or bitcoin? - page 104. (Read 138358 times)

hero member
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December 09, 2015, 07:02:37 AM
With bitcoin growing popularity it makes sense to abide by bitcoin. My personal favourite is bitcoin, but regarding usability I would go for Paypal (as a consumer).
As a merchant most would choose for Bitcoin, if they knew about it.
legendary
Activity: 2100
Merit: 1058
December 09, 2015, 06:38:05 AM
Paypal is more widely accepted, but if we give a few years, i'm sure bitcoin will overtake paypal. If there's a seller accepting bitcoin, it's usually highly discounted, so that's great.

I believe few years also are not required for bitcoin to replace paypal. Around the up coming halving, we can see drastic value appreciations of bitcoin value which will eventually force most of the merchants to adopt bitcoin as a payment processor. Hope for the best things to happen.
hero member
Activity: 658
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December 09, 2015, 06:16:34 AM
Paypal is more widely accepted, but if we give a few years, i'm sure bitcoin will overtake paypal. If there's a seller accepting bitcoin, it's usually highly discounted, so that's great.
yeah we just big online store like amazon or ebay, its accept bitcoin for payment system, i sure other online store will follow it to accept bitcoin
legendary
Activity: 1232
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give me your cryptos
December 08, 2015, 07:47:02 PM
Paypal is more widely accepted, but if we give a few years, i'm sure bitcoin will overtake paypal. If there's a seller accepting bitcoin, it's usually highly discounted, so that's great.
hero member
Activity: 560
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December 08, 2015, 06:50:59 PM
Paypal and western union are loosing costumers slowly day by day,the fact is there isnt space anymore to charge high fees when we have almost no money.
legendary
Activity: 1316
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December 07, 2015, 12:18:19 AM
Paypal, hands down unfortunately.  This is because of buyer protection and due to the fact that I don't have to jump through the extra hoop of actually buying bitcoin first.  Think about it, if I want to buy something on eBay and the seller happens to accept bitcoin and Paypal, which is the safer method?  It's Paypal.  And that's true I think for other websites as well, not just eBay.

Well the counter argument would be to have the seller go through an escrow service that they would want to go through as well. I know it's more prevalent here on this forum, but there are other ways to get a reputable escrow. It's just a shame that people that sell items on eBay can't see that they are being suckered out of somewhere in the ball park of 30% of what they should make from eBay's fees and paypal's fees.

Though what was really dissapointing was the other night I was out with my SO and her friends at a bar, and they were using venmo to pay each other back for a cab ride home. I didn't want to be the dorky guy that starts campaigning for Bitcoin, so I just kept my mouth shut and focused more on not throwing up in the cab... Roll Eyes

Anyways after that night I looked up venmo and essentially it's another PayPal app since they run through them, so I have no idea why so many people think it's awesome and a new revolutionary way to pay people through their phone for "free". Any one else look into this already?
newbie
Activity: 1
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December 06, 2015, 01:04:21 PM
i use only bitcoins for online shopping
I only use Bitcoin online shopping, very convenient.
legendary
Activity: 3248
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December 06, 2015, 01:03:53 PM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.

then compare it to the blockchain which use a lot of currencies, like many altcoin, yesh each of those are working on its own fork but it should be fine to compare the two

and you're wrong bitcoin can already compete with paypal at least when compared to one currency, like the usd, in regard to the TX volume

Nope, because the tx volume is the volume of ALL transactions, meaning people sending bitcoins to their own wallets, to exchanges, from exchanges to their wallets, etc etc. Paypal volume it's entirely just buy/sell transactions of goods so you can't compare the two unless you have the volume of transactions that are actually involved in buying something.

you can easily calculate the volume that the users send to an exchange, that is the volume that is likely to be used for buy and sell

also your example cna be valid for paypal too, there are people that simply move their funds from one account to another family account...
hero member
Activity: 1064
Merit: 505
December 06, 2015, 01:01:46 PM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.

then compare it to the blockchain which use a lot of currencies, like many altcoin, yesh each of those are working on its own fork but it should be fine to compare the two

and you're wrong bitcoin can already compete with paypal at least when compared to one currency, like the usd, in regard to the TX volume

Nope, because the tx volume is the volume of ALL transactions, meaning people sending bitcoins to their own wallets, to exchanges, from exchanges to their wallets, etc etc. Paypal volume it's entirely just buy/sell transactions of goods so you can't compare the two unless you have the volume of transactions that are actually involved in buying something.
legendary
Activity: 1862
Merit: 1004
December 06, 2015, 11:49:06 AM

Bitcoin.
Most of the people prefer this also
Most of the people where? Of course more of the people who are members of this forum will prefer bitcoin over Paypal, no denying that.
But to be frank, majority of general public doesn't even heard about bitcoin to begin with. PayPal is like 100x more popular that bitcoin currently is, sadly.
legendary
Activity: 3248
Merit: 1070
December 06, 2015, 11:38:35 AM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.

then compare it to the blockchain which use a lot of currencies, like many altcoin, yesh each of those are working on its own fork but it should be fine to compare the two

and you're wrong bitcoin can already compete with paypal at least when compared to one currency, like the usd, in regard to the TX volume
legendary
Activity: 3556
Merit: 7011
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December 06, 2015, 11:16:34 AM
Paypal, hands down unfortunately.  This is because of buyer protection and due to the fact that I don't have to jump through the extra hoop of actually buying bitcoin first.  Think about it, if I want to buy something on eBay and the seller happens to accept bitcoin and Paypal, which is the safer method?  It's Paypal.  And that's true I think for other websites as well, not just eBay.
sr. member
Activity: 462
Merit: 250
December 06, 2015, 11:03:34 AM
What are your opinions on paypal or bitcoin for online shopping?

Well we are talking about online shopping so I'll go for paypal. Almost all online shops I used to buy do accept paypal as payments, and they don't accept bitcoin yet. Though I really want bitcoin, its just that I can't use it on my desired shops Sad
hero member
Activity: 1064
Merit: 505
December 06, 2015, 07:45:33 AM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.

I doubt the existence of Paypal in next 2 years. Because there is no need of Paypal kind of services with higher fees and often freezing our funds.
Trusting a third party for just money transfer is a unwanted thing and no one will go for it when we have bitcoin in main stream in next 2 years.

Yes bitcoin will wipe out Paypal or western union kind of money transferring systems same like Internet did for our traditional post office systems.
They have only once chance for their survival is adopting bitcoin with their existing infrastructure. It may help them to continue their services.

Yes this must be a adopt or die kind of situations for Paypal.
When bitcoin goes into main stream what is the need of paypal with many restrictions. People will go with easy and friendly services like bitcoin not with a rude one.

Nah, I doubt that very much, you guys always like to be optimistic about bitcoin but you have to be realistic, there is no way in only 2 years bitcoin will be used more than paypal. Most people simply don't even know about bitcoin and the price is still super volatile it's hard to imagine most business accepting it.
newbie
Activity: 23
Merit: 0
December 06, 2015, 03:28:46 AM
Bitcoin! via services like xapo, shift or something else  Wink  Cool

regards
DavieT 1337
legendary
Activity: 1386
Merit: 1058
December 06, 2015, 03:27:55 AM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.

I doubt the existence of Paypal in next 2 years. Because there is no need of Paypal kind of services with higher fees and often freezing our funds.
Trusting a third party for just money transfer is a unwanted thing and no one will go for it when we have bitcoin in main stream in next 2 years.

Yes bitcoin will wipe out Paypal or western union kind of money transferring systems same like Internet did for our traditional post office systems.
They have only once chance for their survival is adopting bitcoin with their existing infrastructure. It may help them to continue their services.

Yes this must be a adopt or die kind of situations for Paypal.
When bitcoin goes into main stream what is the need of paypal with many restrictions. People will go with easy and friendly services like bitcoin not with a rude one.
legendary
Activity: 2100
Merit: 1058
December 06, 2015, 03:23:22 AM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.

I doubt the existence of Paypal in next 2 years. Because there is no need of Paypal kind of services with higher fees and often freezing our funds.
Trusting a third party for just money transfer is a unwanted thing and no one will go for it when we have bitcoin in main stream in next 2 years.

Yes bitcoin will wipe out Paypal or western union kind of money transferring systems same like Internet did for our traditional post office systems.
They have only once chance for their survival is adopting bitcoin with their existing infrastructure. It may help them to continue their services.
hero member
Activity: 2688
Merit: 588
December 06, 2015, 03:19:14 AM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.

I doubt the existence of Paypal in next 2 years. Because there is no need of Paypal kind of services with higher fees and often freezing our funds.
Trusting a third party for just money transfer is a unwanted thing and no one will go for it when we have bitcoin in main stream in next 2 years.
hero member
Activity: 700
Merit: 501
December 06, 2015, 02:08:06 AM
i will choose bitcoin Smiley

Lower Fees

This is usually the first advantage of cryptocurrencies that you hear from Bitcoin enthusiasts and experts. And this is certainly true as PayPal has been notorious for imposing hefty transaction fees on users of about 3%.

For example, one reddit user Carbone_ posted a screenshot of the fees incurred when selling 60 items on Ebay for €1 a piece. Of the €60.50 amount worth of payments received PayPal’s cut was €17.59.



source
hero member
Activity: 1064
Merit: 505
December 05, 2015, 04:19:18 PM
Bitcoin and PayPal are essentially on par at the moment. The only difference is that PayPal may be a tad faster, and Bitcoin can appreciate in price. It really depends on what you want and what to spend your funds on.

the difference is that one is expensive as hell, the other save you money when purchasing something while increasing its value over time(i don't care about the haters saying that btc will die or trash liek that, because they have sold at $10), this is big difference for me

also they are equal in speed, actually bitcoin is faster, when i received for example, my money back froma  purchase because of a refund, i've waited days to see it in my paypal account, especially on weekend, not so much with bitcoin...

Yes this main difference of less fees associated with bitcoin will make it as a replacement for Paypal in near future. Even both are in equal speed, with bitcoin we can enjoy the liberality of owning our wealth. With Paypal some one else handles our money.

You still don't understand that you are comparing a currency (bitcoins) to a service (paypal) Of course you own your money because bitcoin is a currency, paypal works with currencies but it's not a currency.

Why we not compare these two? Both works online and used to send and receive money. Bitcoin is the system which deals with the unit which is also called bitcoins where as Paypal is a service provider which can deal with any fiat currencies. Paypal may freeze your fiats but bitcoin will never do that. I love bitcoin.

Because paypal is a service that uses lots of currencies, it's not fair to compare both when paypal uses dollars and euros which are currencies spread through every country in the world, there is no way for bitcoin to compete with that right now or in 10 years.
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