PayPal receiving Bitcoin?! - page 2.

BitcoinHodler

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Quote from: richardsNY on October 29, 2016, 08:40:27 AM

Quote from: gkv9 on October 29, 2016, 07:40:26 AM

PayPal is one different thing in its own genre and it's their decision whether to accept Bitcoins or not, but they are losing on something for which they will regret in the future...
And there is no reason for them not to accept it, it's just that their ego would get hurt if they do so, because there is nothing irreversible in Bitcoins... Tongue

Bitcoin is a threat to their entire business. Other than that, PayPal has a bank license which in itself will make it nearly impossible for them to incorporate Bitcoin beside all the hassle and legal settlements that they have to go through. Things aren't as easy as some people here like to think.

this is all true but it is only true right now.
in the future i am sure that this will all change and the very existence of processors like paypal would eventually depend on adopting bitcoin and making it as an option inside their systems in order to not be left behind.

richardsNY

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Quote from: gkv9 on October 29, 2016, 07:40:26 AM

PayPal is one different thing in its own genre and it's their decision whether to accept Bitcoins or not, but they are losing on something for which they will regret in the future...
And there is no reason for them not to accept it, it's just that their ego would get hurt if they do so, because there is nothing irreversible in Bitcoins... Tongue

Bitcoin is a threat to their entire business. Other than that, PayPal has a bank license which in itself will make it nearly impossible for them to incorporate Bitcoin beside all the hassle and legal settlements that they have to go through. Things aren't as easy as some people here like to think.

erickkyut

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Quote from: gkv9 on October 29, 2016, 07:40:26 AM

PayPal is one different thing in its own genre and it's their decision whether to accept Bitcoins or not, but they are losing on something for which they will regret in the future...
And there is no reason for them not to accept it, it's just that their ego would get hurt if they do so, because there is nothing irreversible in Bitcoins... Tongue

A +1 for that answer my friend Wink

Paypal is really losing something because they are not accepting bitcoin as a mode of payment. They will soon realize that they have a wrong decision about it but still, if they change their minds, they can still add bitcoin as a mode of payment t.

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PayPal is one different thing in its own genre and it's their decision whether to accept Bitcoins or not, but they are losing on something for which they will regret in the future...
And there is no reason for them not to accept it, it's just that their ego would get hurt if they do so, because there is nothing irreversible in Bitcoins... Tongue

iqlimasyadiqa

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Quote from: erickkyut on October 28, 2016, 10:18:48 PM

Quote from: ashiqdey on October 23, 2016, 10:33:29 PM

i have lot of problems while depositing money paypal because they didn't verified my email and pan card so I can't use my bank account for money transfer. But it would be a boon for me if PayPal accept bitcoin as a payment. and also it would be easy to add money to PayPal.

Paypal is very sensitive when it comes to information.
You need to be precise and accurate about the information they are asking. In like bitcoin, you can do it anonymously.

so true . paypal registration process is more difficult and requires some verification. while bitcoin only require data such as when we make the e-mail. everyone can do it.

tabas

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Quote from: Fraxinus on October 28, 2016, 10:25:21 PM

Quote from: erickkyut on October 28, 2016, 10:18:48 PM

Quote from: ashiqdey on October 23, 2016, 10:33:29 PM

i have lot of problems while depositing money paypal because they didn't verified my email and pan card so I can't use my bank account for money transfer. But it would be a boon for me if PayPal accept bitcoin as a payment. and also it would be easy to add money to PayPal.

Paypal is very sensitive when it comes to information.
You need to be precise and accurate about the information they are asking. In like bitcoin, you can do it anonymously.

Yeah,the thing about Paypal is that in a lot of cases you have to add a cart and verify your account that way and often times this is the only possibility to add money or via your bank account so it would be cool if you could deposit BTC and that way get funds to your paypal account.

But paypal will make profit out of our deposits with bitcoin and they are going to make some conversion rate lower than the usual rates. So it would generate them a lot of profit so if this happens then that is what I am just thinking when paypal is receiving bitcoin. But still this is going to be a good news for all of us.

Fraxinus

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Quote from: erickkyut on October 28, 2016, 10:18:48 PM

Quote from: ashiqdey on October 23, 2016, 10:33:29 PM

i have lot of problems while depositing money paypal because they didn't verified my email and pan card so I can't use my bank account for money transfer. But it would be a boon for me if PayPal accept bitcoin as a payment. and also it would be easy to add money to PayPal.

Paypal is very sensitive when it comes to information.
You need to be precise and accurate about the information they are asking. In like bitcoin, you can do it anonymously.

Yeah,the thing about Paypal is that in a lot of cases you have to add a cart and verify your account that way and often times this is the only possibility to add money or via your bank account so it would be cool if you could deposit BTC and that way get funds to your paypal account.

erickkyut

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Quote from: ashiqdey on October 23, 2016, 10:33:29 PM

i have lot of problems while depositing money paypal because they didn't verified my email and pan card so I can't use my bank account for money transfer. But it would be a boon for me if PayPal accept bitcoin as a payment. and also it would be easy to add money to PayPal.

Paypal is very sensitive when it comes to information.
You need to be precise and accurate about the information they are asking. In like bitcoin, you can do it anonymously.

Taki

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Yeah it is going to be very comfortable for us when PayPal will start finelly accept bitcoins. I am also waiting for that moment cause of I making lot of transactions on that service. Maybe exactly now PayPal's specialists are adopting the service for bitcoins. or maybe thery have their own reasons why they still don't accept bitcoins as payment. As I know you can write to the service manager and to ask them directly about their plans to Bitcoin

croutonhexagon

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Wow it's a boon for us. Because while doing bank transfer i face many problems and if they really accept bitcoin then my life would become easier because. While i transfer bitcoin from my wallet to bank account i loss many part of it by transaction fees and wine adding money from bank account to PayPal then also they cut service chargebut if I could do that same task by with bitcoin then it would be of double profit for me.

Rostadom

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I guess one of the reasons why Paypal doesn't accept bitcoin as payment because the two of them can never be mixed together. They are two different payment methods that doesn't share the same concept. Paypal has the buyer protection policy where you can easily dispute any payment. Scammers abuse that feature and invent reasons just to make their money go back to them after having a successful deal. You can't do that in bitcoins. You can't revert a payment in bitcoin.

gulachov

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I have used eBay for 11 years. Every time they came up with new idea or policy restriction I was telling myself - time to move out. With shipping, PayPal fees, eBay fees, whatever you resale -> add 20% for them, and there are so many restrictions now, only buyer is protected. So I finally did it. Installed OpenBazaar today, took AWS on amazon for a year free and fallowing manuals (0 to none programming skills) got it working in an hour or so. Planning to gradually filling it up with thousands of items I have laying around. Will anyone buy them? I am pretty sure not too soon. But what do have I to loose? Time? eBay charges me $70 a month for 300 items listed. I would rather invest my Time in the future. #F-KeBay #F-KPayPal.

ashiqdey

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i have lot of problems while depositing money paypal because they didn't verified my email and pan card so I can't use my bank account for money transfer. But it would be a boon for me if PayPal accept bitcoin as a payment. and also it would be easy to add money to PayPal.

iv4n

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They are another type of service, on their site it`s written:
"Make a payment online or with your mobile.
Make a payment in exchange for goods and services without sharing your financial information with the seller."
PayPal is not exchange site, and they are not shop. They are just service for money transferring. If you see what are they doing it`s same as bitcoin, you can make online payments with bitcoin, from mobile also. Why would they ever accept bitcoin? Better question is why bitcoin needs paypal? What can paypal do for bitcoin, when bitcoin already have a network for sending and receiving bitcoins, making payments, wallets..

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Quote from: sempak on October 23, 2016, 08:53:16 PM

maybe still need time and also an increasingly technological high. because they have their mutually beneficial cooperation. if this is true, then the financial system paypal and bitcoin will be a system that is immense.

If this is true, then paypal is not treating bitcoin as threat anymore. And I think their management is able to accept the fact that the bitcoins transaction system is going to kill their service in the future once bitcoin has been adopted all over the world. Even though the users are still limited then that might decreased their sales.

sempak

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maybe still need time and also an increasingly technological high. because they have their mutually beneficial cooperation. if this is true, then the financial system paypal and bitcoin will be a system that is immense.

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Quote from: Monetizer on October 23, 2016, 08:04:19 PM

I don't think Paypal will add bitcoin until it really needs to (Mass adoption) for the simple reason that its bad for business, if it gets more people into Bitcoin then that means less people using Paypal.

Well, maybe it is still very difficult to think that way. however, I think the paypal actually reduced because bitcoin, and I felt it was also felt by the paypal. I think that if someday paypal have felt disadvantaged because a lot of people using bitcoin than paypal, I think that PayPal will also receive bitcoin to maintain its popularity

Monetizer

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I don't think Paypal will add bitcoin until it really needs to (Mass adoption) for the simple reason that its bad for business, if it gets more people into Bitcoin then that means less people using Paypal.

Doamader

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Quote from: asriloni on July 04, 2016, 09:46:08 AM

Quote from: rphk on July 04, 2016, 01:49:46 AM

Paypal is currently not receiving bitcoins officially as payment method , but there was news on the forum i heard recently paypal trying to add as officially , if that comes it will be very good for the transaction

paypal just have a cooperation with coinbase which actually not having cooperation with the whole bitcoin itself,bitcoin catching widest area than coinbase as coinbase only a company based on bitcoin,so can't say paypal receiving bitcoin fully

Atleast paypal is being used like a third companie, in the meanwhile bitcoin will get more space and paypal will find some solution to accept and work with bitcoin, its just a question of time.

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Quote from: Sharma on October 23, 2016, 03:47:56 PM

Quote from: erickkyut on October 22, 2016, 09:40:20 PM

Quote from: caxandra on October 22, 2016, 08:53:33 AM

Probably the same reason why PayPal doesn't take Skrill as a funding method, Them being a competition and in the exact same market PayPal is in right now, I also know they discourage using BTC in Ebay as well and only using PayPal, I guess that might change in the future though when bitcoin goes mainstream.

Since Bitcoin is being well known worldwide and becoming more popular nowadays, I think it might surpass PayPal someday. Many people find it more convenient rather than using PayPal as a mode of payment.

The burning question is why would one use Paypal for bitcoin?We needed Paypal,Skrill etc to send or receive money because we had no choice but with the advent of bitcoin,we dont need PayPAl anymore

But some sites we use to earn online money uses only Paypal. So we can't cashout in BTCs. Or Paypal start accepting Bitcoins or the sites we use to earn money start accepting Bitcoins.

If Paypal accepts would be better, because it would be more embrancing, and we don't need to wait the good will of each site we use. Sooner or latar they will have to start accepting it. The future is coming...

Topic: PayPal receiving Bitcoin?! - page 2. (Read 6215 times)