Topic: The case for paypal. Why do I use it? (Read 727 times)

I have been selling on ebay for the last 6 or 7 years so ya I trust paypal. It is the person on the other end of the trade that worries me.

Paypal is good for some things, and Bitcoin is good for other things.

I use Paypal since 2004 or so, I have no complains about it.

The case against paypal:

http://www.paypalsucks.com/

http://www.screw-paypal.com/

http://www.paypalwarning.com/

I agree.. so what does it all come down to? what is required?

TRUST!!!

But how do you know who to trust?

REPUTATION!!!

There is no better indicator of future behavior than past behavior.

Civilizations have forgot how to trade p2p they have relied on institutions for so long.   

But so are reversible transactions.  Thieves get away with both BTC and PP.

Gweedo this is the case for PP not against. I did address the charge back issue by saying that there are no safe methods. Safety is an illusion.  


The irreversibly is why most people are not interested. Irreversible transaction are for thieves.  

There is more paypal scammers that bitcoin scammers.
And there is a lot of bitcoin scammers.

I do understand that. I have had issues in the past but was forced to work through them because of my ebay business. There have been many times where i tried to get out from under them, but they have made some great improvements in the last few years and have given me prefered customer support because of our high feedback rating and decent volume of sales 

9) Paypal can be reversed

10) Paypal can control your funds when they don't want you to use them anymore they can just take your funds


Rewrite 4) cause bitcoin is pretty perfect, or as close to perfect as you can get. Bitcoin can't be reverse no company controls your funds for you.

PP is cool, in the UK instant withdrawals to UK banks so can have cash in  hand in minutes.

i prefer not to use paypal they gave me so many problems in the past i just completely stopped using them

That is well written.  I hope that you are able to continue your service for those who choose to use PayPal (I personally do not, they lost me as a customer years ago).  But I am happy to see that its helping people

1) it is free for most westerners it is better than bitcoin in that regard 0 dollar sending fee.

2) It is instant. People always say bank this or that. I want to flip the same funds over and over. I can do that with paypal. If I use anything else it is 3-5 days of down time every time I sell off, that sucks!

3) I make a living selling on ebay so I have pp funds, any other method and I have to transfer to a bank 3-5 days

4) There is no perfect payment system.. I believe if someone is gonna rob you they are gonna rob you. People are always getting burned with the methods that are preferred. Money pak, bank transfers, bank deposits, western union, cash. I personally think that cash is super sketch in large amounts. You are not just selling bitcoin you are selling access to heroin, meth and coke. If you think someone might put a gun in you face for an equal amount of heroin you better be careful.

5) I can get money from an exchange to cash in 15 min. I have a paypal card and can sell for paypal and have cash in my hand in 20 min tops.. It is very liquid like that.

6) The main reason that I do it is because I love the idea of the peoples money (bitcoin) and want people to use it. I hear over and over if more business only took bitcoin, or we need more business to take bitcoin. That is not the problem every business in the world could take bitcoin and it wouldnt matter because if is a cluster fuck to get a bitcoin. People are not going to go out in mass and do bank transfer or money order. It aint gonna happen! I love bitcoin and I am not going drive all the way to the bank to deposit into a strangers account. For bitcoin to work it has to be better than what is already in place.

7) to build a trust network p2p. There has to be a trust network for people to trade p2p for traditional payment methods  

To give people what they want. Because i believe that markets reward individuals who give other people what they want.