which takes more transaction fees-paypal or bitcoin? - page 3.

Pattart

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Quote from: adibe on February 19, 2016, 01:15:06 AM

Quote from: mynameisdon on February 15, 2016, 10:14:17 PM

i have little dout in transaction fees of paypal and bitcoin.so if you hade made transaction in both then tell me your idea on it.

Fees on paypal is more more high and ridiculous and fee on bitcoins is quite small though than paypal. And i prefer using bitcoin for transaction than paypal.

yeah true. whatever amount bitcoin you send. costs remain the same fee 0.0001, different with paypal more expensive

adibe

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Quote from: mynameisdon on February 15, 2016, 10:14:17 PM

i have little dout in transaction fees of paypal and bitcoin.so if you hade made transaction in both then tell me your idea on it.

Fees on paypal is more more high and ridiculous and fee on bitcoins is quite small though than paypal. And i prefer using bitcoin for transaction than paypal.

Alvin Fahriza

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you can use free cost transaction with paypal. if you choose pay service options in sending money

Wapinter

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Quote from: PakistanHockeyfan on February 18, 2016, 02:27:30 PM

Neither. I've never paid a transaction fee on either so you must be occupying some higher transaction fees I suppose.

Are you saying that information given on PayPal official website is false?You must be someone special for being exemption

PakistanHockeyfan

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Neither. I've never paid a transaction fee on either so you must be occupying some higher transaction fees I suppose.

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Quote from: Snorek on February 18, 2016, 07:32:02 AM

Quote from: Jeremycoin on February 18, 2016, 07:25:43 AM

Of course Bitcoin is the cheaper one, you can even send a transaction without any fee with Bitcoin.

Untrue and false information. There is always a fee when sending BTC p2p, it is small but it is there. It could be even higher when your BTC is composed from dust transactions.
But in contrary users PayPal to PayPal transactions are actually totally free - and you don't pay anything while buying from merchants - it is merchant who pays the fee.

Your information is also not completly true.PayPal does deduct fee if sender sends money using his credit card.It is free only if sender uses his PayPal balance or upload funds from bank account in which case PayPal deduct conversion fee.
" It's always free to send money to
friends and family when you use your
PayPal balance or bank account. Fees
apply only if the sender uses a credit
or debit card, or if you receive any
payment for goods or services. There
are also:
https://www.paypal.com/pt/cgi-bin/webscr?cmd=_display-receiving-fees-outside

Supercrypt

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Quote from: BowYang on February 18, 2016, 03:58:57 AM

Paypal takes more, but it also refunds your money if you are scammed.

Who and when did this happen? I've mostly seen the victims losing their money and the scammers earns his money back with chargebacks. I've been using PayPal since 5 years and still I say that it is the least secure payment processor due to their chargeback policy.
Their fee is also very high and hence bitcoins are considered the safest option for users who don't want to get scammed and most don't deal with PayPal unless the buyer is trusted.

jethrorn99

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Bitcoin is cheaper than paypal in transaction fees.

Paypal protects its users if got scammed tho.

diodio5

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Quote from: BowYang on February 18, 2016, 03:58:57 AM

Paypal takes more, but it also refunds your money if you are scammed.

yeah that is true. special of paypal is protection to buyer or something like that, if you account get hacked and your money stolen, you can refund it. if you have evidence that your account has been compromised

Snorek

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Quote from: Jeremycoin on February 18, 2016, 07:25:43 AM

Of course Bitcoin is the cheaper one, you can even send a transaction without any fee with Bitcoin.

Untrue and false information. There is always a fee when sending BTC p2p, it is small but it is there. It could be even higher when your BTC is composed from dust transactions.
But in contrary users PayPal to PayPal transactions are actually totally free - and you don't pay anything while buying from merchants - it is merchant who pays the fee.

Jeremycoin

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Of course Bitcoin is the cheaper one, you can even send a transaction without any fee with Bitcoin.

Ferrero

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I guess it's definitely PayPal for most of the cases, I used both and I know it, PayPal takes +$0.30 Cents and a percentage from each business transaction and if you do more Personal "no fees" transactions you will get reviewed, Bitcoin fees is just around 4 cents!

Ulloa

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Paypal charges 4% on most transactions. Bitcoin just 0.0001/ 0.0002, so here clearly bitcon is the winner. Also bitcoin is freedom where paypal is a private company whom you should trust with your assets.

xslugx

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Quote from: Kevin77 on February 18, 2016, 03:59:53 AM

Paypal charges nearly 3% for transactions if individual send money to individual. If you were using eBay to sell/buying an item and had to take Paypal as payment, you also lost 9% of your amount to a final value fee.Paypal charges additional fees if currency conversion needs to take place, which usually happens in international transfers. So use bitcoin if you want to pay less fee, bitcoin fee is much lesser.

Really? PayPal charges currency convertion? I didn't know that...

Anyway btc is much better than PayPal on any aspect that's for sure.

Kevin77

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Paypal charges nearly 3% for transactions if individual send money to individual. If you were using eBay to sell/buying an item and had to take Paypal as payment, you also lost 9% of your amount to a final value fee.Paypal charges additional fees if currency conversion needs to take place, which usually happens in international transfers. So use bitcoin if you want to pay less fee, bitcoin fee is much lesser.

BowYang

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Paypal takes more, but it also refunds your money if you are scammed.

maddy123

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Paypal, i thinks takes more transaction fees. Paypal is using more than bitcoin wallets !

steveds

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Quote from: Supercrypt on February 18, 2016, 03:02:04 AM

Quote from: neonshium on February 17, 2016, 01:22:24 PM

Quote from: Druze on February 17, 2016, 12:30:09 AM

paypal fees are much higher, the amount taken depends on the country of the reciever, if its a gift or payment, and a couple of other factors, plus paypal needs money to pay its employees.

You are right. Paypal fees are always higher then bitcoin. I do see mostly paypal and bitcoin are accepted by everywhere together. I believe bitcoin will remove paypal by showing it's potential and advantages very soon.

Not exactly true as PayPal is recognized by the government and it allows bank withdrawals for most countries while bitcoins dont have such an option (leaving alone coinbase that allows US bank withdrawals only).
If we take into account bitcoin debit cards, the fee is higher than PayPal which make them almost the same but I do agree that bitcoins are worth more and it's easier to send and receive them.

It is not about exchanging the bitcoins to fiat but the fees required for the transaction of yours.I think 0.0005 is nothing when you are sending/receiving huge sum of btc and it might be a lot when the same amount of money is sent via PayPal cause it will be some percent of the amount being sent (depending on many other factors) where as it is completely dependent on the user for Bitcoin transactions.

Supercrypt

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Quote from: neonshium on February 17, 2016, 01:22:24 PM

Quote from: Druze on February 17, 2016, 12:30:09 AM

paypal fees are much higher, the amount taken depends on the country of the reciever, if its a gift or payment, and a couple of other factors, plus paypal needs money to pay its employees.

You are right. Paypal fees are always higher then bitcoin. I do see mostly paypal and bitcoin are accepted by everywhere together. I believe bitcoin will remove paypal by showing it's potential and advantages very soon.

Not exactly true as PayPal is recognized by the government and it allows bank withdrawals for most countries while bitcoins dont have such an option (leaving alone coinbase that allows US bank withdrawals only).
If we take into account bitcoin debit cards, the fee is higher than PayPal which make them almost the same but I do agree that bitcoins are worth more and it's easier to send and receive them.

lister storm

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of course paypal has higher fees than bitcoin, thats the main thing why i actually like bitcoin

Topic: which takes more transaction fees-paypal or bitcoin? - page 3. (Read 3204 times)