Because Paypal is run by thieves who will forcefully destroy your financial life when a criminal asks them to back charge you for work you actually did, and can prove you did; but Paypal doesn’t care… The same isn’t true for BitCoin where that isn’t possible.So, the answer is that Paypal can’t keep up with BTC because BTC is made for truth and clarity; Paypal is just another thieving bank!!!
Topic: Why PayPal does not like BitCoin sellers? - page 2. (Read 3117 times)
I always thought that paypal saw bitcoin as a rival to their business model so they would not or will never accept it for any reason whatsoever.
But paypal can see that it is losing out by not doing this so they might come out with their own digital payment token or something with conjuction with amazon payments.
Who knows only time will tell.
The reason paypal does not accept payment with bitcoin in my opinion is very reasonable. Paypal is just a tool for payment and accepting payment, NOT FOR INVESTMENT. Whereas if they accept bitcoin as payment, the price already in the peg is fitting but the bitcoin exchange rate is down / up, it will only add to the problem only. Because we know, crypto currency will never stabilize. But paypal can see that it is losing out by not doing this so they might come out with their own digital payment token or something with conjuction with amazon payments.
Who knows only time will tell.
I try to sell BTC and stuff on ebay.
I got like 80% credit card scammer.
So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.
The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.
My 2 Cts,
You shouldn't even started with them. Definitely not in p2p fashion. Bitcoin users are always in bad spot when dealing with old school payment processors (credit card, PayPal users)I got like 80% credit card scammer.
So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.
The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.
My 2 Cts,
And I thought that selling cryptocurrency on eBay or PayPal is against their TOS in the first place - as they can't help with any dispute crypto users might have when something will go wrong.
Well ebay did create a category named "virtual currency" and some sub category.
http://www.ebay.com/sch/Virtual-Currency-Miners-and-Contracts/179197/bn_1650086/i.html
I try to sell BTC and stuff on ebay.
I got like 80% credit card scammer.
So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.
The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.
My 2 Cts,
You shouldn't even started with them. Definitely not in p2p fashion. Bitcoin users are always in bad spot when dealing with old school payment processors (credit card, PayPal users)I got like 80% credit card scammer.
So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.
The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.
My 2 Cts,
And I thought that selling cryptocurrency on eBay or PayPal is against their TOS in the first place - as they can't help with any dispute crypto users might have when something will go wrong.
I try to sell BTC and stuff on ebay.
I got like 80% credit card scammer.
So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.
The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.
My 2 Cts,
I got like 80% credit card scammer.
So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.
The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.
My 2 Cts,
because paypa open feature disputer
after you buy bitcoin use paypal, you can disputre and then your balance paypal can back again
so seller bitcoin not want is lost bitcoin
and paypal not support bitcoin, so you can't appeal
after you buy bitcoin use paypal, you can disputre and then your balance paypal can back again
so seller bitcoin not want is lost bitcoin
and paypal not support bitcoin, so you can't appeal
probably because paypal using government regulations, companies prefer to play it safe, if paypal choose and accept BTC, there may be a threat in some countries
I've been using paypal, if I notice, paypal always follow rules of the government, making it look a lot of rules. I've heard that paypal clients are required to attach the tax report. This we can see that there have been many banks that accept paypal. because bitcoin payments can't be reversed easily,thats why
Paypal is well known for reversing payments if disputed but its hard to do that with bitcoins
plus they are afraid of bitcoin taking their market share
Paypal is well known for reversing payments if disputed but its hard to do that with bitcoins
plus they are afraid of bitcoin taking their market share
This is one of the best answers simply because of PayPals reversal and disputing rules. For sellers it is a terrible rule and often times we have no recourse, for the buyer it is great. I am thinking that PayPal backs away from Bitcoin because they cannot reverse the payments.
The other reason, and a big one, is that Bitcoin is direct and imminent threat to Paypal. I cannot see them being friendly to Bitcoin anytime soon unless they are backed in a corner.
even if PayPal loves bitcoin, the banks they depend on certainly don't.
why would they risk the very core of their business for a few extra grand per week?
on top of that I assume previous bitcoin transactions often ended up in charge backs and screaming. that ties up staff and costs them money.
way better for them to reject it completely. they are not anyone's friend or interested in a new system's growing pains.
why would they risk the very core of their business for a few extra grand per week?
on top of that I assume previous bitcoin transactions often ended up in charge backs and screaming. that ties up staff and costs them money.
way better for them to reject it completely. they are not anyone's friend or interested in a new system's growing pains.
Paypal is controlled by the US government, and it is impossible to to trace Bitcoin and take it taxes. Until the government will not take control of cryptocurrency, it will not be officially exchange them.
I will want to agree with you on this because from the way I see it, no matter how Paypal try to sugar coat it, they still see Bitcoin as a threat to their dominance and even with their strict policies and accepting Bitcoin, they are gradually sending themselves out of Business. Another way again is there is no how that we cant see the element of Government hands in the hostile relationship metted out on traders using Bitcoin...
probably because paypal using government regulations, companies prefer to play it safe, if paypal choose and accept BTC, there may be a threat in some countries
because bitcoin payments can't be reversed easily,thats why
Paypal is well known for reversing payments if disputed but its hard to do that with bitcoins
plus they are afraid of bitcoin taking their market share
Paypal is well known for reversing payments if disputed but its hard to do that with bitcoins
plus they are afraid of bitcoin taking their market share
PayPal will never allow BTC simple words .. whatever you do or whatever honesty you show with PayPal . Cause BTC is big competitor to them now and also anonymous and they never allowed exchange from first , the solution is that open business PayPal and send some [ blank envelope ] documents to your customer via physical mail to their confirmed PayPal address , add this cost into your exchange rate and this is the only way you win almost 99% chargebacks with PP . At least what i experience so far over 10 years .. 
I always thought that paypal saw bitcoin as a rival to their business model so they would not or will never accept it for any reason whatsoever.
But paypal can see that it is losing out by not doing this so they might come out with their own digital payment token or something with conjuction with amazon payments.
Who knows only time will tell.
But paypal can see that it is losing out by not doing this so they might come out with their own digital payment token or something with conjuction with amazon payments.
Who knows only time will tell.
Yes, because Paypal and bitcoin different we can know what is the best payment system. I use Paypal about 7 years ago, and I hate because my amount was frozen. After that is enough for me to say "good bye" to Paypal.
PayPal can confirm and check whether you are telling the truth or not by checking if recipient BTC address got bitcoins or not.
I could say I paid some product (not BTC) with paypal and didn't get it, there are poor countries where postmen can steal the package, the same as your traveling bag can disappear at the airport. there is the way for paypal to see if you got BTC or not, every transaction can be checked at blockchain.info.
peter thiel and paypal are NSA company and they blocked wikileaks, that was clear politics and not business.
nsa and cia doesn't make companies by themselves then they use some people for that (coinbase, ycombinator, in-q-tel, etc).
they don't hide it: https://en.wikipedia.org/wiki/In-Q-Tel
I could say I paid some product (not BTC) with paypal and didn't get it, there are poor countries where postmen can steal the package, the same as your traveling bag can disappear at the airport. there is the way for paypal to see if you got BTC or not, every transaction can be checked at blockchain.info.
peter thiel and paypal are NSA company and they blocked wikileaks, that was clear politics and not business.
nsa and cia doesn't make companies by themselves then they use some people for that (coinbase, ycombinator, in-q-tel, etc).
they don't hide it: https://en.wikipedia.org/wiki/In-Q-Tel
The big reason is their business model is built around buyer protection. So if a seller scams a buyer there is no way for them to charge back the bitcoin after it leaves their own bank.
There are 2 reasons why PayPal doesn't like dealing with Bitcoin:
1. In p2p trading when you use PayPal to purchase BTC you can be a scammer and claim that you never received any BTC from that guy you were dealing with and ask for refund.
How PayPal can confirm and check whether you are telling the truth or not?
2. PayPal is similar to bitcoin, as PP is internet payment provider so bitcoin is its natural rival in that field.
But PayPal apparently has no problem when dealing with companies which can automate bitcoin purchasing, like Coinbase - you can use PP to buy bitcoins there.
1. In p2p trading when you use PayPal to purchase BTC you can be a scammer and claim that you never received any BTC from that guy you were dealing with and ask for refund.
How PayPal can confirm and check whether you are telling the truth or not?
2. PayPal is similar to bitcoin, as PP is internet payment provider so bitcoin is its natural rival in that field.
But PayPal apparently has no problem when dealing with companies which can automate bitcoin purchasing, like Coinbase - you can use PP to buy bitcoins there.
if Paypal allow the payment of bitcoin in his plaform it will be the end of paypal.
Paypal should open his mind and allow the payment of bitcoin with his platform without closing PayPal account with crappy arguments. The only thing I hate about this company is when you sell something on Ebay they charge a fee, when you convert a currency to another currency they don't give you a good rate and now they close accounts 
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