What do people really use PayPal for other than eBay?
Topic: Paypal's Employee Policy on Bitcoin (Read 13505 times)
using paypal for ANYTHING is just bad news. unfortunately, i currently sell on ebay and it is currently my best option.
if i had a choice, i wouldn't use visa/mastercard/paypal. it seems like their business model is to get big, destroy competition (or limit it to an oligopoly), and then charge exorbitant rates.
when i sell something on ebay, i have to subtract the 15% that goes to ebay to calculate whether it's even worth selling at all. that is a ridiculous fee to charge considering what they provide, and that # is only going to get higher and higher.
if i had a choice, i wouldn't use visa/mastercard/paypal. it seems like their business model is to get big, destroy competition (or limit it to an oligopoly), and then charge exorbitant rates.
when i sell something on ebay, i have to subtract the 15% that goes to ebay to calculate whether it's even worth selling at all. that is a ridiculous fee to charge considering what they provide, and that # is only going to get higher and higher.
I am using Craigslist and ebay classifides (Free) and am having great success. I eventually sell everything I list with no comebacks.
I do sell autos on ebay motors at which site sellers are allowed to specify things like wire transfers, which is the only way that I will accept payment other than cash in hand.
My $.02.
using paypal for ANYTHING is just bad news. unfortunately, i currently sell on ebay and it is currently my best option.
if i had a choice, i wouldn't use visa/mastercard/paypal. it seems like their business model is to get big, destroy competition (or limit it to an oligopoly), and then charge exorbitant rates.
when i sell something on ebay, i have to subtract the 15% that goes to ebay to calculate whether it's even worth selling at all. that is a ridiculous fee to charge considering what they provide, and that # is only going to get higher and higher.
if i had a choice, i wouldn't use visa/mastercard/paypal. it seems like their business model is to get big, destroy competition (or limit it to an oligopoly), and then charge exorbitant rates.
when i sell something on ebay, i have to subtract the 15% that goes to ebay to calculate whether it's even worth selling at all. that is a ridiculous fee to charge considering what they provide, and that # is only going to get higher and higher.
IMHO, using Paypal for any kind of cryptocurrency related transaction is just too risky.
Both the sender's and the receiver's accounts could be locked for up to 180 days simply by attempting a single transaction.
I have had a Paypal account for years and it is simply not worth the risk to use it for crypto.
My $.02.
Both the sender's and the receiver's accounts could be locked for up to 180 days simply by attempting a single transaction.
I have had a Paypal account for years and it is simply not worth the risk to use it for crypto.
My $.02.
I already stop using paypal since few years ago, i have very bad experience with paypal
on my very first transaction to buy a domain cancelled because paypal make refund it self without my authority, they said my paypal account get compromised and needed ID photo to unblock my account
on my very first transaction to buy a domain cancelled because paypal make refund it self without my authority, they said my paypal account get compromised and needed ID photo to unblock my account
Guys, stop using PayPal.
Have you ever noticed that simple things are being destroyed or changed by dumb owners?
Have you ever noticed that simple things are being destroyed or changed by dumb owners?
You mean those with fancy clothes, Ipads and rich friends?
Guys, stop using PayPal.
Have you ever noticed that simple things are being destroyed or changed by dumb owners?
Have you ever noticed that simple things are being destroyed or changed by dumb owners?
Paypal have a murky history of saddling up besides 'authorities', so this statement comes as nothing short of standard behaviour expected from this outfit
I favor boycotting
I favor boycotting
I didn't, and the guy above me doesnt know that people are not supposed to post "useless" posts such as "+1" "this" "watching" "^" "same" you get the idea...
Its in the forums rules.../guidelines
Its in the forums rules.../guidelines
Wow, censorship everywhere you turn.
Who determines what is useless?
++ is actually beneficial to some because when scimming a thread, it helps you identify posts other found beneficial and you can pay more attention them.
My bad! https://bitcointalksearch.org/topic/do-not-post-off-topic-replies-14356
I suppose Paypal is hiring ex-NSA employees and the like, and outsources work to mental institutions, too.
Luckily there is bitmit.
Luckily there is bitmit.
I didn't, and the guy above me doesnt know that people are not supposed to post "useless" posts such as "+1" "this" "watching" "^" "same" you get the idea...
Its in the forums rules.../guidelines
Its in the forums rules.../guidelines
Wow, censorship everywhere you turn.
Who determines what is useless?
++ is actually beneficial to some because when scimming a thread, it helps you identify posts other found beneficial and you can pay more attention them.
I didn't, and the guy above me doesnt know that people are not supposed to post "useless" posts such as "+1" "this" "watching" "^" "same" you get the idea...
Its in the forums rules.../guidelines
Its in the forums rules.../guidelines
Wouldn't say Paypal is anti-Bitcoin, but maybe just overly cautious.
Paypal President has stated publicly that he is finds bitcoin "fascinating" and that they are thinking about including it as a funding option eventually.
http://tech.fortune.cnn.com/2013/05/23/why-paypal-is-bullish-on-bitcoin/
http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
http://thenextweb.com/insider/2013/04/24/paypal-president-is-fascinated-by-bitcoin-says-company-is-thinking-about-including-the-virtual-currency/
Paypal President has stated publicly that he is finds bitcoin "fascinating" and that they are thinking about including it as a funding option eventually.
http://tech.fortune.cnn.com/2013/05/23/why-paypal-is-bullish-on-bitcoin/
http://www.bloomberg.com/video/paypal-sees-20-billion-in-mobile-transactions-WlokACTBRterdjHAJGNB6w.html
http://thenextweb.com/insider/2013/04/24/paypal-president-is-fascinated-by-bitcoin-says-company-is-thinking-about-including-the-virtual-currency/
I doubt that PayPal will ever adopt bitcoin, they don't want to promote it as more people will realise thay they can avoid PayPal altogether and not pay a 3% transaction fee.
I don't know... People still use AOL, even though it's completely unnecessary. No matter how common bitcoin gets, there will still be many (probably old) people who don't understand it well enough to buy coins direct and will happily use paypal to send bitcoin payments.
Also, the word will get out eventually--paypal might as well make a few bucks along the way. It won't earn them any less than doing nothing.
Typical Government
You don't get to play the game unless we let you. Oh by the way we only let our friends play the game and you're not important enough to be our friend.
Looks Paypal is trying to be flexible but it's just not worth it to try working with them. We should focus on systems and infrastructure that allow us to function outside of their sandbox. They should be asking us to play our game.
You don't get to play the game unless we let you. Oh by the way we only let our friends play the game and you're not important enough to be our friend.
Looks Paypal is trying to be flexible but it's just not worth it to try working with them. We should focus on systems and infrastructure that allow us to function outside of their sandbox. They should be asking us to play our game.
Paypal is one of the most hated companies in America. A few years ago, someone threw a bomb on their doorstep. Unfortunately, it only caused a superficial damage.
I'm very glad that bitcoin is now taking some of their market share.
Paypal is one of the most hated companies in America. A few years ago, someone threw a bomb on their doorstep. Unfortunately, it only caused a superficial damage.
Getting any type of response from PayPal is a miracle. Their support is non-existant.
lol if you tell a paypal customer service guy you can't wait to see bitcoin destroy their company your account gets suspended for suspicious activity. at least mine did about 10 minutes after i hung up the call.
Hahahaha. That's so professional on Paypal's part! But I can't even imagine how badly it sucks to work in Paypal support.
Here you have one representative dealing with a bitcoin incident:
That means we can't sell miners on ebay?
Saw this on reddit:
http://www.reddit.com/r/Bitcoin/comments/1g23w2/paypal_email_to_employees_policy_regarding_bitcoin/
Any thoughts?
http://www.reddit.com/r/Bitcoin/comments/1g23w2/paypal_email_to_employees_policy_regarding_bitcoin/
Quote
From a friend in Paypal, got this in an email today:
Clarification on Bitcoin merchants using PayPal 6/10/2013 8:58 AM (-05:00) Impacted market: EMEA
We’ve received a number of escalations regarding Bitcoin merchants using PayPal. Any merchant seeking to sell or buy Bitcoins with PayPal is operating as a financial exchange. Please be aware that Financial Exchange merchants are prohibited unless pre-approved by PayPal. This process involves getting VP approvals from both Risk and Compliance, and only licensed financial institutions are considered.
Merchant contacts
If we receive contacts on Bitcoin sales, instead of escalating further, kindly advise customers that they need to be licensed financial institutions to be considered for approval. However, there are some acceptable cases, as outlined below.
Acceptable Bitcoin business models for PayPal
Merchants with a business model that is related to Bitcoin but does not sell Bitcoins may be acceptable. For example: Merchants offering Bitcoin education packages Merchants selling computer hardware designed specifically for mining Bitcoins. In this case, kindly ensure that the merchant isn’t pre-selling and actually has the equipment ready to deliver.
Please note – All Bitcoin-related e-commerce should be considered high risk.
Clarification on Bitcoin merchants using PayPal 6/10/2013 8:58 AM (-05:00) Impacted market: EMEA
We’ve received a number of escalations regarding Bitcoin merchants using PayPal. Any merchant seeking to sell or buy Bitcoins with PayPal is operating as a financial exchange. Please be aware that Financial Exchange merchants are prohibited unless pre-approved by PayPal. This process involves getting VP approvals from both Risk and Compliance, and only licensed financial institutions are considered.
Merchant contacts
If we receive contacts on Bitcoin sales, instead of escalating further, kindly advise customers that they need to be licensed financial institutions to be considered for approval. However, there are some acceptable cases, as outlined below.
Acceptable Bitcoin business models for PayPal
Merchants with a business model that is related to Bitcoin but does not sell Bitcoins may be acceptable. For example: Merchants offering Bitcoin education packages Merchants selling computer hardware designed specifically for mining Bitcoins. In this case, kindly ensure that the merchant isn’t pre-selling and actually has the equipment ready to deliver.
Please note – All Bitcoin-related e-commerce should be considered high risk.
Any thoughts?
That means we can't sell miners on ebay?
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