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Topic: PayPal Stops Operating in Turkey, Online Payment Sector Turns to Bitcoin (Read 1316 times)

hero member
Activity: 868
Merit: 1000
what was the reason? 1% decided?
legendary
Activity: 1750
Merit: 1115
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Paypal is not being used in most of the countries specially developing countries due to foreign exchange rules and they are also gradually lossing places to operate with this rules. Bitcoin is free to trade and even government can't ban bitcoin so bitcoin will surely replace paypal from lots of places and bitcoin is being used in countries where paypal is not supported till now. Paypal are just out there who openely rob our hard earned money with high fee and limitation of our account. Angry

Agree.There are couple of reasons for it.Myself being from a developing country I have a better idea why people don't use paypal here expect for those traders or money launderers.

1.Too much competitors in the same market,instead of paying high service fees to paypal ,people choose to use our own digital payment system which doesn't rely on stuff like document verification or delayed payments .Everything happens quite instantly and have instant customer support.

2.Paying with Debit/ATM cards is at full swing here without the use of any 3rd party payment processors.No one takes trouble of maintaining online accounts.Simply pay through card with your bank's native API and its done.

AFAIK, PayPal stopped in Turkey because the government there did not allow them, so this same government may work on fighting bitcoin and make it illegal !

Trust me,if a government can boycott paypal ,I'm very sure they would object bitcoin in some or the other way.Making it illegal is way beyond.That would just restrict the usage of it but they can't stop people from using it. 
hero member
Activity: 574
Merit: 500
AFAIK, PayPal stopped in Turkey because the government there did not allow them, so this same government may work on fighting bitcoin and make it illegal !
hero member
Activity: 924
Merit: 1001
This is good news that they choosen bitcoin than paypal.. honestly its hard to use the paypal many verification before you can withdraw or deposit.. unlike bitcoin  anytime without asking your identity you can withdraw or deposit..
hero member
Activity: 490
Merit: 520
Seems like it could be great news on the face of it but we'll have to wait & see. Would be fantastic if PayPal users in Turkey migrate to bitcoin now.
I think there will be a slight migration, but I don't think the entire online sector for Turkey is just going to switch to Bitcoin; maybe something like 10%-23% will migrate, maybe with a slight trickle after that but I don't think we'll see major moves aside from that. I could be wrong, but I guess we'd just have to see what they decide.
legendary
Activity: 3556
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Seems like it could be great news on the face of it but we'll have to wait & see. Would be fantastic if PayPal users in Turkey migrate to bitcoin now.
hero member
Activity: 756
Merit: 500
YES!  Great news and of course the next digital option is Bitcoin.  I hope this is a trend we will see in the near future.
hero member
Activity: 798
Merit: 1000
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Paypal is trash and more and more people will start waking up from it, but maybe they react and start accepting BTC themselves. In fact I think they got some patents pending to add BTC in Paypal soon.

You know I never had issues with paypal until recently, depositing a few hundred and my account was limited when I needed it most. 3 days to open it up again, what I think of them trash is an understatement. I have heard talks for quite some time about them accepting bitcoin in future. I won't be using them again either way I'l just wait for more places to accept bitcoin.

Turkey has an ideal candidate in bitcoin hopefully it all goes smoothly and they turn fully to bitcoin over the next year. It will be huge for the future of crypto!?
legendary
Activity: 2450
Merit: 1047
With Turkey residents losing a convenient option for sending and receiving payments online, the country’s online payment sector is gradually yielding to a free control market with the uptake in Bitcoin use.

You can read more about it : http://cointelegraph.com/news/paypal-stops-operating-in-turkey-online-payment-sector-turns-to-bitcoin

Bitcoin 1-0 Paypal.

With this news Bitcoin usage in Turkey will increase paypal's lost is Bitcoin's gain many more countries are going to follow and with this,the future of crypto currency is brighter..
newbie
Activity: 56
Merit: 0
paypal is died .  we have to use services like e-coin.io ( wirexapp.com soon )

debit card - bitcoin - remittance ( tripple power )
legendary
Activity: 2604
Merit: 1036
Guys I couldn't understand why the license of PayPal to operate in Turkey was revoked by the government. Honestly I thought at first that there are just not enough PayPal users in Turkey and that's why PayPal is leaving the Turkish market or there is another reason behind that decision? It would be interesting to see if Bitcoin will gain more traction now as a worthy alternative to PayPal becoming the preferred digital payment processor in Turkey.
legendary
Activity: 1204
Merit: 1028
Paypal is trash and more and more people will start waking up from it, but maybe they react and start accepting BTC themselves. In fact I think they got some patents pending to add BTC in Paypal soon.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
this news makes me very happy mostly because i hate paypal and i hope they stop operating in all the countries. i mean the countries stop letting paypal even operating in their country before that so people can start to look around and find better solutions.
full member
Activity: 224
Merit: 100
Defender of Bitcoin
Well that is very good news for decentralized payment systems like Bitcoin which empowers the people with being fully in control of their own money but this begs the question if the Turkish government didn't approve of the PayPal license to operate in the country, will they approve of Bitcoin to be a legitimate payment method for online transactions? Now there is a big open space for other companies specializing in payment processing to swoop in and get a big market share but do you think the Turkish government will prefer Bitcoin firms rather than common fin-tech firms similar to Paypal?
legendary
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Paypal is not being used in most of the countries specially developing countries due to foreign exchange rules and they are also gradually lossing places to operate with this rules. Bitcoin is free to trade and even government can't ban bitcoin so bitcoin will surely replace paypal from lots of places and bitcoin is being used in countries where paypal is not supported till now. Paypal are just out there who openely rob our hard earned money with high fee and limitation of our account. Angry
legendary
Activity: 1400
Merit: 1001
Great news for Bitcoin but hardly good news for Turkish citizens.
Lately I've been hearing some alarming news about Turkish government and its tensions with other countries mostly Germany and Russia.
Now I see they are problems with internal affairs too, because, let's be honest - how many countries have law so harsh that Paypal is forced to leave?

I wouldn't be surprised that Ankara will try to ban bitcoin in near future too.
legendary
Activity: 1442
Merit: 1016
Indeed great news!
Decentralized network aka Bitcoin 1 - 0 centralized service aka Paypal
Let that be a lesson to everyone!
legendary
Activity: 1106
Merit: 1005
I think this is a really good development for bitcoin, it gains a lot of attention in turkey and even n the rest of the world.

on /r/turkey subreddit (or something) they even discussed this. So it's not even only limited to bitcoin-related forums and subreddits.
legendary
Activity: 1652
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