Topic: paypal or bitcoin? - page 108. (Read 138352 times)

Centralized Vs. Decentralized

Any Paypal user, whether a buyer or a seller, will at some point run into issues with Paypal's centralized structure.  For instance, I am on my second Paypal account currently after my first account was frozen, and all attached cards and banks were banned from future Paypal use.  I had to create an entirely new bank account just to use Paypal due to arbitrary freezing of my first account.  Bitcoin, on the other hand, is decentralized and I am completely certain that nobody has the ability to limit my access to my Bitcoin wallet, or to move funds from my Bitcoin wallet.

Your $ in Paypal is just information stored and guaranteed by Paypal; likewise, your BTC in Bitcoin is just information stored and guaranteed by the Bitcoin protocol.  The difference is that Paypal can rewrite your balance at any time, and it usually isn't $92 Quadrillion in your favor.  Paypal is a centralized way to move money and the benefits of that are numerous: buyer and seller protection, chargebacks, etc.  However, the abuse of centralized systems such as Paypal, Visa, and Mastercard has caused the average merchant to tack on ~10% premium on their prices to deal with associated transaction fees, and exponentially increased risks of fraud.  This is the exact reason why most brick and mortar institutions will offer a cash discount, and also a Bitcoin discount should they chose to accept Bitcoin.

https://www.cryptocoinsnews.com/bitcoin-vs-paypal/

It is something like: When i am selling, or buying from trusted vendors-> Bitcoin
When buying from sketchy folks -> Paypal

So it will remain as it is. If you have no interest in bitcoin payments then there is no need merchants and services to introduce it either.
You could stick to the PayPal forever if you are so happy with this situation.

Seeing as bitcoin isn't accepted everywhere I prefer PayPal over bitcoin for now

If bitcoin gets more accepted I would sure use it more often as payment online and in stores.

The only difference is that BTC is regarded much safer and faster than PayPal.

yeah that is a good shoice but sometimes u are missing out on some great offers which can ony be payed by using PayPal. It is kinda frustrating, right. I know the feeling when you cant by everything with the system you wanted. Any like I said before, I want to see a change in 2016.

Well that’s a different way of dealing with things. I am guessing the reason that you use escrow and PayPal more is because they are currently accepted more in various online sites and various shops. I am using BTC for steam products and I am looking forward to see a change ( BTC being accepted more in shops).

Yeah that is true but I hope that it changes in 2016. BTC used in more shops would be nice to see and to use. It will be a change for us all. I hope the trend bar is going to increase in the following years.

I prefer paypal

and I use BTC as medium for international transfer money. this is reduced fee.
USD --> BTC --> THB

I do prefer bitcoin but seeing as that's not accepted yet in every online store, I use paypal for certain things.

I use bitcoin whenever I can.

what i hate from paypal is verification id card/ CC
bitcoin is more better than paypal

-easy to use ,
-fee very cheap you ca compare it

anyway Im never use paypal anymore , oneday i have paypal account but for withdraw you must verification with idcard and blablabala.. so im never use it

Bitcoin all the way. No questions about it. I mean seriously, you cannot even compare the two.

1. PayPal can be charged back. This is bad when you are small seller.
2. PayPal demands all kind of information.
3. PayPal can freeze and lock your account when they feel like it. Mine is currently limited for no good reason.
4. PayPal has higher fees.

Four very good reasons for me already to boycott PayPal. Like mentioned my account there is limited since last July and I have no intentions of solving and opening it anymore. I am just done with PayPal. Done. Keep my cents, keep my account. I don't need or want it anymore.

Of course bitcoin because;

1. Bitcoin doesn't limit your account for no reason.
2. You can send and receive as much as money you want.
3. You don't have to call support and wait for hours.
4. And more importantly you are sorta-kinda anon when you are sending money with bitcoin.

its fair enough because they'd compared the security, fee, and service not the value itself

For now I choose paypal  since more store is accepting paypal rather than bitcoin. But if bitcoin became popular and lots of store will accept bitcoin then ill switch to bitcoin.

True and there is the other difference of one being faster and secure than the other in some places and sites. I guess safety cant be guaranteed, but it is known that BTC is naturally more safer and faster than PayPal. It would be quite different when BTC gets accepted more in this modern world.

The difference though is that btc is sometimes in some cases much faster and more secure than PayPal. However, it depends on where, why and how you are using it. However, the bad thing is that BTC isn’t used as much as PayPal these days. I want to see more stores and online sites like EBAY accepting BTC. It would be a real change.

For online purchase paypal is faster than bitcoin because you get instant the product after purchasing it, and paying by bitcoin you should wait from 1 to few confirmation then to get the product.

I prefer the style and functionality of Bitcoin, however I use PayPal in everyday life.
Wait, steam has a thing where you can use Bitcoin? What? When did this occur? I assume you mean third-party websites that accept Bitcoin in exchange for steam items, but if it's not, would you care to elaborate?

I think we need to see BTC increase to >$600 and get more good publicity and users before we see more large companies start accepting Bitcoin, like the glory days of a year and a half ago. Bitcoin is just too niche of a product right now for most companies to create an infrastructure that would manage Bitcoin payments.

Another thing that we might be missing is that large companies accepting Bitcoin may have helped the crash to ~$200, since the companies would sell it for slightly less than competitors, and it would all go down overall. Likely, large corporations only had a negligible impact on the price, but it's something that has to be considered, until people want their salaries paid in Bitcoin that is.

I use PayPal for online shopping. I use BTC for steam products and want to use them for other products but, unfortunately, BTC's era has only begun. I hope soon that more BTC payable sites and shops will be available to us. it would be great to see some faster way of paying money online.  BTC is much safer, faster and personally just better than PayPal. I can’t wait to see the new trend of BTC developing more in various shops. This would cause a major difference to online shopping.