Bitcoin Forum

http://www.foxbusiness.com/news/2012/10/29/paypal-cutting-jobs-as-part-major-reorganization/


Nary a mention of Bitcoin in this article, but given time, future articles will contribute Bitcoin to PayPal's downfall.

~Bruno K~

+1

They deserve to end. The company is a fraud.

I had a geat idea of somebody starting a PayPal user account here and then have theymos give him the scammer tag, but then I found this: https://bitcointalk.org/index.php?action=profile;u=62490

eBay now supports PayPal as only payment method. I really miss the days back when PayPal was not even required for seller. The eBay/PayPal mob charges at least 2 times when selling items - first for listing and second for receiving payment with PayPal.

PayPal is so oldschool and greedy that it must go away. From usability standpoint there is nothing better than Bitcoin.

Ebay will go down with the ship?

I can't believe they are this short-sighted.

Both eBay and PayPal will continue and profit. They actually are not short sighted, eBay slowly ridding all other payment methods ensures that they have complete control and monopoly over transactions and can force any fees and terms they wish. They are too big to fail.

Is this the beginning of the end for PayPal? No. Paypal has billions of dollars to higher the talent they need. Apple is going threw a restructuring of their executives, does this imply the beginning of the end for Apple. Not likely.

To suggest that Paypal's restructuring is going to lead to the demise of Paypal is a logical fallacy. Just because A causes B and B causes C doesn't mean that A causes C.

Papypal will soon end because they don't know how to treat their customers. Better solutions like DWOLLA are arising. It's only a matter of us choosing to do what's right. To me, in a sense, it's like the civil rights movement. No longer will we sit in the back of Paypal's bus, a new day has come. Let us all rise up and boycott their asses until they dive into bankruptcy. Amen.

Birmingham, here we come!

I think (sorry bitmit) we should all start selling on eBay and in the title say "accept bitcoin payments"... 10% discount or something along those lines. Just to spread the word and give PayPal the finger. I'm actually getting a chargeback at the moment  >:(

Good idea.
I found this: 3 BTC for 180$  ???
http://www.ebay.com/itm/3-Bitcoins-3-0-BTC-Three-Electronic-Bit-Coins-Digital-Currency-Cryptocurrency-/200840490146?pt=US_World_Coins&hash=item2ec306aca2

Let it die, let it die. Let it shrivel up and die!

http://i50.tinypic.com/xknb5j.gif

Good idea with the ebay thing if we stop accepting/using paypal. All companies will stop.

Yeah they will get a chargeback. No amount of proof will prevent the chargeback either.

Paypal simply does not care. They punish the Seller for their inability to correctly process payments. Then when you complain they limit your account. I still remember speaking to the pompous paypal rep. Infuriating.

you guys do realise something though.. paypal doesn't make its money.. eBay does.

think about it. chargebacks from banks cost paypal money. verifying accounts by sending those 2 random amounts of pennys costs paypal money. sending cash to your bank costs paypal money.

its eBay that makes the money. so as long as eBay is used by the majority of online traders giving them all the listing fee's final value fee's etc. Then paypal wont disappear as it has and will continue to be funded by the profits of its eBay division. so if you want to kill paypal you have to kill eBay.

2 random cents that they take back. They more than make up for that crap by limiting thousands of accounts with money still inside it. I know my account had more than a small fortune in it. A fortune I had to wait 180 days to recover. I wonder how much they made while holding it?

Doesn't eBay owns PayPal though? So all the money goes to the same company anyway.

yep.. paypal is a division of eBay incorporated.

my point was that the paypal division (purely the payment gateway) wont get killed off. because of the profits of its Ebay division. you cant kill the kid because daddy is protecting it. basically.

We can weaken daddy by killing the kid.

nah daddy will just procreate another spawn if satan.

hurry up !  13h left to bid ;)

I think i'm too slow  :-[

Imagine a software that does not give you a bad day or talks to you like a dog. It even charges you way less to use. →  BTC

Yes ebay bought paypal (http://theurbantwist.com/2011/11/17/ebay-bought-paypal-at-1-5-billion-and-now-paypal-is-worth-15-billion/).

Test auctions=how to sell stuff on eBay with BTC
http://www.ebay.com/itm/230872494611

Actually - you're incorrect on both companies.

Paypal's layoffs are a sure sign that the company is struggling. Now given that they're enmeshed with ebay they probably won't go away entirely, but I'd be downright shocked if we don't see them being reduced to 'one of many' on the billing side of ebay within the next year or two.

Apple's on the way out. Job's is gone - and Apple's already too greedy to survive much longer. They'll ride idevices for another few years before the tech ages enough that they can't just reskin it and call it an upgrade, and then itunes will carry them for 5 or 10 more years, since people who've invested in purchases there won't walk away from it quickly.

But with Google jumping into the tablet market (and frankly destroying apple on cost, usability and tech) and microsoft redesigning windows to power handheld devices it won't be long before apple is exactly what it's always been before - 'advanced hardware at time of release, but no innovation and no ability to adapt to the marketplace' - aka it will settle to 15% of the market again.

is anyone here opting out of the recent paypal user agreement changes?

Are there any downsides to doing this?  Does this make you not able to do the arbitration process if you opt out?

So very True,  >:(

PayPal should have died along time ago with all the sh*t they put their customers through.  >:(

Every time I post a cash only item on craigslist, I get at least 3 emails from paypal scammers trying to do buy it. I've had it with them.

maybe because cash only means they have to live nearby to hand you the cash. id suggest. "local meet only bring cash in hand"

They'll still send you the scam emails. Heck, likely they don't know enough English to even read the post you made more than what's needed to send the boilerplate scam response anyway.

Personally, I've never had any problems with Paypal, nor ebay and the couple of issues I've had with sellers have been resolved quickly and to my satisfaction. I am aware of the horror stories though and am definitely not happy with the way Paypal has taken things (once upon a time, you didn't have to have an account to buy things)

Queue outrage at Dwolla in 5...4...3...2... ... /sarcasm

There will always be a service someone does not like because they either were wronged or perceived that they were wronged in some way.

But PayPal managed to achieve a very special kind of wrong. I'm still pissed at them for the violin incident.

I agree that they handled the violin incident incorrectly. This is the problem with large companies, they institute policy and blindly follow it regardless of the situation. Had Paypal been a small company someone would have probably taken the time to investigate further and not requested destruction of the item.

Thinking back to all the times I have been pissed off at a company/business, it was always a big corporation.