Bitcoin Forum

Experience 1.

In March, i sold 5pcs of BTC miners,payment method is BTC escrow(1% escrow fee paid by buyer),i got the full BTC as soon as my customer confirmed receiving all miners.(even if exchange rate dropped from 560USD to 460USD/BTC,but i am still holding 30BTC in my wallet)

Experience 2.

In May,another 7pcs of BTC miners sold,payment method was Paypal,14644EURO(exchange rate 1.37,as 20020USD) paid,but only 17742USD received.Besides,the money was frozen at least 20days,only because my paypal is new account.(Honestly,paypal charged me so much.)

Experience 3.

I got paypal calling back,they asked me for 6000USD as deposit insurance,at least frozen 6months.And in future,60% of each payment will be frozen at last 45days.Besides,the money is not yours,it will be refunded to customers any time------------how can it be?

Do you guys meet over-charged by Paypal?

Bitpay/Coinbase finish payment fast and no fee,it will replace Paypal/VISA some day?I am not sure bitpay can beat VISA,as visa fee is not too much and transaction is fast and safe and easy.But i believe bitpay will replace paypal.

And BTC platform will replace ebay too if ebay could not adjust fee policy or one side protection. Adjusting fee policy means dead,as ebay is too huge and its cost is high.

P.S. Thanks to stompix,you divided 2 different conception.

I'm not sure if it will ever replace Paypal but hopefully it'll take a massive chunk of their profits or force then to change their business practises. I think Bitcoin is going to need payment processors to go mainstream so maybe PP will incorporate Bitcoin at some point in the future. I know they're keeping an eye in it but hopefully at some point they'll be forced to implement it to compete in the market.

and Bitcoind and Litecoin will replace Visa and Mastercard too  :)

BTC can never beat paypal. Paypal protects, but btc is fully risk from both sides. So people still like only paypal.

Already the Bitcoin transaction volume is approaching that of the Paypal. So before the end of this year, Bitcoin will overtake Paypal. But Paypal is not our main rival. We should be aiming to overtake Visa / Master.  ;D

I don't think LTC will ever replace and neither Bitcoin. Bitcoin isn't suppose to replace paypal because they are total different things. Paypal is well ahead of any other payment processor and I believe nothing will beat them.

Unlikely. Maybe Paypal will adopt BTC (and less likely LTC) in some form if they see it as competitive advantage over other payment systems.

Don't be so sure about it.

http://static2.businessinsider.com/image/52a0b7066da811f769734dc2-960-684/chartoftheday_1681_daily_transaction_volume_of_payment_networks_n.jpg

I'm actually very suprised about those stats I always assumed that paypal was ahead because everyone I know prefers to use it and does use it. I don't think I know one friend who doesn't use Paypal so that's some surprisring facts.

Western Union is pretty much on its way out. 

That is not accurate at all.
First out of that number 3 millions are new generated coins And if those coins are send to the miners and the miner is sending them to the a cold wallet you've got 9 millions in transactions out of the blue.

Let's not even talk about the volume made by sd or games like that who artificially inflate the value of transactions with their almost spammy way of playing dice.

https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0&address=

Also , you can see that the transaction volume increases during bull waves.

Before last week rush , the volume was down to 30millions , less than 1/10 of what the table you posted says.

I think Paypal is the worst, they allow people to chargeback what attracts scammers.
I really hope cryptocurrencies will kick paypal out of the market.
They charge way to many extra money, and allow people to steal easily.

Oh really?
And bitcoin with it's non reversible transactions is not attracting scammers at all.
You should take your time and browse the market place and I'm sure you're going to change your opinion about what is attracting scammers and what not.

true, but they're two different kinds of scammers.  Bitcoin scammers have to be craftier in their con to you, Paypal scammers have to be craftier in their con to Paypal.  So, I say Paypal is severely flawed, Bitcoin is not.
I've been burned twice by paypal (shame on me) I only use it when there is no other option.  Most people will figure out a way to get money to you if you say that you refuse to take paypal.  I'm comfortable walking away from those transactions.
I haven't been burned by a Bitcoin transaction yet.  No scammer has been crafty enough to con me yet...If it does happen, I have no one to blame but myself.

Anyway, I believe with enough time, paypal will offer Bitcoin escrow services, or become irrelevant

I say no and here's why. Paypal will adapt to survive. If BTC or LTC come close to overtaking them, they will integrate - not die. I could see paypal being a major payment processor like coinbase or bitpay.

What if Paypal fail to act quickly enough enough? PayPal will hopefully be forced to implement it at some point or at least change their business practises, but if they don't and continue to charge extortionate fees then people probably just won't use their service eventually. I can see a company like blockchain.info becoming the new PayPal wallet. It already makes the process very simple.

i hope they will, got only bad time with paypal, they took my money for 6 months without my blame

Bitcoin will never replace Paypal, but it could become big enough to compete in certain services, and integrate with others hopefully :)

Paypal offers dispute resolution which is a service on top of payment systems.

Ya and that's the problem. They call it "dispute resolution", I would call it complete arbitrariness,
at a disadvantage for the seller in 99% of the cases.

I just hope BTC will contribute to a quick death of paypal ;D

oh man, your opinion will be very unpopular here. paypal is not good for currency. they are one of the companies that would probably eliminate competition if it were possible, in order to be the only guy around.

I hate Paypal. They are expert in ripping people without commiting a crime.

I think it's too early for conclusions like that. Maybe some day it will happen, but we now all we gotta do is to make it happen, not to get converstations about it

Does anybody know when the contract between PayPal & Ebay expires?

I don't think that Bitcoin will ever replace PayPal, but it'll be interesting to see what happens after the contract w/ ebay expires.

paypal and ebay are the same company. thy just divided it up for auditing/tax reasons so their partnership is not based on any timed contract or agreements. so you wont see them split apart.

paypal will never drop FIAT and be solely crypto currencies either. the world wont drop FIAT and go with only crypto. that is not how things work in reality. what you will find however is that paypal will accept crypto currencies ALONGSIDE fiat. Ebay (the parent company) will realise that by accepting crypto currencies that ever 25c advert no longer costs them 5c in admin and processing fee's due to the FIAT system, but customers using crypto to buy auction listings will spnd 25c worth of btc. and ebay will get 24.9c of profit, if not more.

this will make ebay more profitable and try to get customers to prefer crypto payments, by doing promotions. but paypal/ebay will never drop fiat.

at this current moment it is estimated that 0.0017% of the world is using bitcoin. even if every american used only bitcoin, that is still only a low percentage of the world.

you are never going to have 100% world adoption of bitcoin where bitcoin is the only world currency in existance (although id love to be proved wrong one day).. the most we can forsee in 10 years is a 5%-15% adoption (300mill-900mill population) where those people have both fiat and btc..

fully agree with you:-)
Let paypal go to the hell.Their fee is more than 6% ,it is crazy....

the sellers never think like that.

No.

as a miner supplier,i am happy if BTC transaction gets to NO.1 position:-)

In a few years, or so, and when more people accept it. Merchants, and as a currency. Though, getting ahead of Visa is what we should be worried about. Visa can bitch out Mastercard any day, and pretty much everything above. Visa is like the beast of currencies, with Bitcoin evolving.

I don't get how American Express is that far up, though? It's barely used in the state I live in. Nobody that I know even uses one.

so the problem left for BTC transaction is founding one platform for buying and selling:-(

agreed!

From my part, BTC has a promising future.

do you think it is necessary to found one B2C or C2C paid only bitpay?is there any body agree with me?

paypal seem to be fast these days for sending or getting cash into your account.
maybe it depends on your location but previously it would take a week withdraw funds, now it is a couple of days!

I think payment processors will always have their place in the world, or will at least for a really long time, but bitcoin will hopefully eat into their profits and business eventually. It's good to see companies like PP taking note of BTC though. I think theyre wise to.

If paypal refuse to implement bitcoin in some fashion then yes they could replace it, but I think paypal would see the competition from afar and adapt to compete with it.

As bitcoin becomes more secure and with more companies starting to adopt bitcoin as an alternative payment method, yes it will eventually topple over paypal in maybe 15 years or 20, however paypal will still be in the game.

bitcoin may overtake paypal within a month or two

litecoin not so much

Horseshit.

Paypal promised USD to bank account in 3-5 workding days,very stupid.Alipay is better.
But i prefer BTC,P2P takes a minute:-)reach to bank account in China,takes only 3-5minutes.

Paypal will cling to fiat and they will drown with all the rest of the fools refusing to bail from a sinking ship.

Horseshit.

In terms of raw transaction volume, may be it will. But we have to remember that a large part of the BTC transaction volume is eaten up by mining pools and gambling sites. The real transaction volume is much lower.

Exactly and how much of the volume actually has to do with the sales of goods and services?

Bitpay is claiming that they are processing Bitcoin payments worth some $1 million daily. Coinbase will be close behind. I have no idea about the figures from other providers such as crypto-thrift.

I don't think the goal should be to replace Paypal, we more so want it to work along side Paypal, or be integrated into Paypal.  Different transactions need different payment options.  The more options the better.   Just as you don't always want to have to use paypal, you wouldn't want to all of the sudden HAVE to use BTC

building one b2b trading platform instead of ebay is necessary,or BTC business volume could not challenge paypal or visa.

Earlier we had a Bitcoin-based b2b trading platform similar to the Ebay (Bitmit). But unfortunately, it closed down in November 2013. Now we have crypto-thrift, but it is not as big as Bitmit.  >:(

Bitcoin may one day replace paypal if more cool innovations to it appear
Such as escrow inside Bitcoin or some sort of cool stuff like that

why you closed it?i believe its tomorrow is bright;and i am planing to build one website like that,do you have any interesting about the cooperation?

at beginning,the platform is only focusing on international business with countries,such as china or other countries not allow USD or EURO flow.what do you think?

i hope so but thee fee i  think still rapeed me

Stuff and nonsense.

Well paypal is much better and safer, people know what to choose, that's why it s still so popular, btc is too risky, as for me

You really are crushing some dreams here , let the people dream and believe btc will replace not only paypal but everything :).
According to some here we might even run on btc in the future , and live in the blockchain.

Perhaps if there is going to be a way for someone to guarantee for you coins so you don't get scammed for millions.

I wasn't talking to you , I was quoting LostDutchman  response.
Check his other posts in the thread.

Some newbies might see him like a non believer but he I think he is just pointing out how enthusiasm clouds thinking.

I reminds me more of a parrot than of a non-believer or anything else :D

You misunderstood my post. I was not the owner of Bitmit. (You can contact the owners at support2013@bitmit.net)

I was saying that we, the Bitcoiners had a B2B platform in the past. I didn't meant that I owned it.

are you really trust this ... ?
you don't have "blocked account" in paypal, i think ...  ::)

http://paypalsucks.org/graphics/PPS-Cartoon1.gif

got it,i supposed you were the owner:-)

fuck paypal

lol... it is OK. And I am excited to hear that you are planning a Bitcoin-based platform similar to Ebay. Please post more details about your venture. You might create a separate thread to discuss it.

i am thinking about it,keep in touch,i will update my situation.First of all,i will sell my BTC miner at that platform.
welcome to post your comments on my sales thread:
https://bitcointalk.org/index.php?topic=633524.msg7055627#msg7055627

In what sense was BitMit B2B? Every time I browsed it, it seemed dominated by random individuals buying random shit from random sellers - e.g. C2C.

Well it won't be Bitcoin or any other crypto that will replace eBay, as Bitcoin isn't a marketplace.

Also I can't see eBay being wiped out, not for a long time. Obviously can't be sure what the future holds though.

let's work together to make it more reasonable and perfect.

ebay will be over in someday because they treat sellers unfair.

i got reply from Bitmit as belows:
------------------------------------
Hello!

Thanks for your mail, this is an automatic response. Please note that our office & site was closed in November 2013 and emails are not checked frequently. It can take some days until get you a response.

If you are writing because you think that you still got BTCs in your Bitmit wallet please write from your account email address and provide us your payout btc address & account password.

Thanks
--------------------------------------

what do you think what the problem with its close?safety problem or what?if you have interesting,we can communicate via e-mail,gavinxu815@gmail.com,skype:remote911
looking forward to your response.

If eBay did eventually disappear I don't think that it will be because of cryptocurrencies, it will be some kind of security breach or mistrust.

Hmm your point about treating sellers unfairly - I know what you mean, they strongly favour the buyers because they need to retain their buyers, otherwise there won't be any purpose for sellers. They play the escrow in the trade.

Any cryptocurrency can replace PayPal. They're both digital means of money transactions. PayPal has so many errors it's going to be hard to - VERY HARD to even make a list.

You'd have to kill off the major credit card companies first.

Paypal is only a payment processor and that is what few around here get!

No one is quite sure about that. This might be the most probable reason:

http://www.coindesk.com/bitmit-bitcoin-auction-sale-after-theft

Paypal disturbs much or does too much in some deals,like miner business;they know less but do too much,what they did is blocking or slow the business.

Paypal is only one kind of payment method,i didn't sell miners on ebay,but my customers use paypal to pay me,paypal stopped the payment and frozen payment without my permission.

Suppose,if you need money urgently,somebody donated you a bit money via paypal,but paypal doubt it and need you to supply material,then what will you do?

Paypal is only one tool,no need know tooooo much about our deal,right?

PayPal will need to change if they plan to stay afloat. If they didn't, they would totally guess destroyed. However, they are probably smart enough to realize the threat that Bitcoin is to them.

it did be strange about that,15BTC lost is not key point;maybe it is because of safety of BTC protection.
Last night,i almost trusted a stranger on aliexpress trademanager chatting,who told me he is from Holland,he wants to buy miners via BTC payment,he told me it was not safe talking about payment via BTC but not aliexpress.then he told me send me one link,very very similar to one russian chatting tool.I downloaded install exe file,but my security software blocked it,and i checked who.is,the link registered on May 7th.
My question is,can we secure BTC by other tool but not only payment password?

It needs paypal lower its arrogant head firstly,then revolute itself.

Paypal will never do that, since they are having heavy links to the bankers and politicians. Paypal has always maintained its monopoly thanks to dirty games, such as eliminating its competitors. My guess is that they will play the same dirty tricks on Bitcoin.

Paypal was beat in China years ago,only because taobao and alipay are all for free...
I believe BTC could survive and win in the coming competition with ebay/paypal even aliexpress,because BTC production or flow is not controlled by one organization or one company,almost no fee too.

Along with BTC known well all over the world,BTC plays a more important role in our business.

One more,I did one action at litecointalk,dragon miner 1hour free testing,there  were more than 20 followers,only because it is for free.
https://litecointalk.org/index.php?topic=19940.0

BTC transaction is for free,when there is no trust problem,everybody will use BTC to pay for something.

But what factors do you think might prevent this outcome?

BTC safety protection.....because BTC wallet is announced each transaction,some scammers are watching on it.
If everybody believe my BTC platform is safe,no worrying about their BTC during transaction,then we must succeed.

I withdraw money on May 29,and it shows finished on 14:30,but by now,i didn't get the money.

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I was my fault to use Paypal. Highest fee but worst service and latest action.

Common sense f or starters.

na i doubt this will ever happen, btc is large but no where near as large as paypal and visa.

Bitcoin will be using on digital item and Paypal will still the same .

And I have absolutely no idea what you were trying to say here :)

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

People mistake the role of btc and what paypal is.

Bitpay might replace paypal , but bitcoin will never be able to replace paypal.
I've heard even more funny assumptions , like bitcoin replacing ebay.. lols :).

you make sense,thank you.I revised the title:-)Bitpay replaces paypal,and BTC platform replace ebay,absolutely correct!

IF YOU SELL MINER VIA PAYPAL,YOU WILL KNOW A REAL PAYPAL.

I'm sure the owners of both companies will tell you they wish to concentrate on their core businesses and are too busy right now to make something that large happen, but in principle you're right.

If they did something like that, it would blow the doors off this Bitcoin thingy and their businesses.

Why cannot bitpay also process fiat? The procedure is just the reverse of processing bitcoin but uses bitcoin as the carrier of transactions? This requires no banks anywhere in the process and should thus also be of much lower cost.

yes, buyer classic argument.
but when you become a seller ...  ::) ;D

http://media1.giphy.com/media/WLmVO7dRuNaCI/giphy.gif

How that is possible? Bitpay processes the payments in Bitcoin, and then converts the Bitcoins to fiat cash and give them to the merchant. It does not accept fiat cash, although fiat cash can be withdrawn.

To accept fiat cash, they need to do some co-operation with some of the banks or with the Master / Visa.

Bitpay could replace PayPal only if they start providing Buyer / Seller protection program. People mostly think that PayPals strength is in "accessibility" or "ease of use" and stuff and they are VERY wrong. PayPal's strength is firstly Buyers protection and than little bit of Sellers protection. People are willing to pay for safety....as simple as that.

Oh god! Stop this BS. The Paypal Buyer / Seller protection is being misused so much that many of the customers are stopping to accept the payments through Paypal. We don't need similar crap with Bitcoin.

if paypal thought bitpay were a true threat, they would throw millions at lobbyists.. why wouldn't they? it's either do that or die.. they are just too big/powerful to lose out to a small guy like bitpay.

Tinfoil hat on, right ? All I see are green numbers both Paypal and Ebay. Just because vocal majority gets attention about some misusing seller protection doest mean 99% of trades are not working right.

Seller protection is a big thing, however more and more companies will rather return your money than loose that 100% or 99% status anyway .

I am also a newbie, can I get some coins from dev?

To accept fiat cash, they need to do some co-operation with some of the banks or with the Master / Visa.

OK... those who need the Buyer protection, they can stick with Paypal. I had a lot of previous bad experiences with them, so I have decided not to use Paypal anymore. Bitpay is good for me.

As Ebay seller, yes, i know. I felt it on my skin few times. But even with that crap, buyer protection IS working in most cases, and it's attracting buyers. And where Buyers are, sellers must come. As simple as that. It's not like i can choose. I put my sell orders on 3-4 sites + Ebay/PayPal. Only place where i get buys is Ebay/PayPal. It's just where buyers are and they will stay there as long as they feel safe and will not move to another service if it feels even little bit less safer.
On another note, PayPal / Ebay has huge problem with Seller protection, not because they dont give a crap, but because they have credit card houses on their necks all the time. Buyer can start chargeback trough credit card house, and ther's nothing Ebay / Paypal can do to stop it so in 99% seller ends up with a loss.
If they start using Bitcoin, they will be ones that can really enforce rules, and maybe, just maybe, they could start protecting us sellers.

Hopefully ebay will allow bitpay as an option but I suspect it will be an internal platform or paypal.

Yes paypal is very good to buyer but not the seller especially on digital item , if ebay can take bitcoin as payment for digital and paypal for shipping i am sure it will all works well .

This could be a sign of the things to come:

https://bitcointalk.org/index.php?topic=646664.0

A loss for Visa, and gain for Bitpay.  ;D

Bitcoin is irreversible, so they can accept the bitcoin, convert to fiat, no problem... If Bitpay (https://bitpay.com/?oid=1058_1) starts to accepts fiat payments, then they have to deal with all the garbage that comes with that... for example, how would they accept the fiat?  I doubt they want people mailing cash, which is why they would need to partner with a bank, Visa, paypal, etc. and boom, there's your 3-5% of fees again.

It's just not in Bitpay (https://bitpay.com/?oid=1058_1)'s business model.

Perhaps adding Visa's compliance officer will increase their interest in fiat currency, but I doubt it.

Bitpay is worst and not clear in its terms. I had signup for 1% transaction account with bit.
There is a link inside bitpay account " Raise your daily limit" . I click on that. They ask for verification. I though they want me to verify my identity to raise my daily limit.
I click on it and they upgraded my account to $30/ per month.
I contact their support and ask them to downgrade my account but they deny to downgrade. Finally i have to remove bitpay gateway from my website to avoid loosing $30 per month.

How fair it is a company accept upgrade but dont downgrade ?

Even they charge 0.01 BTC to transfer my earned bitcoin to my wallet including 1%

This is not clear way of doing business.

Here is my post regarding it https://bitcointalk.org/index.php?topic=641741.0;topicseen

May be there is a waiting period before you can remove the upgraded account. How much time did you had the upgraded account, before you requested them to cancel it?

The main point is still about Bitcoin Price , if the up and down are so much its very hard for merchant to sustain the price and product .

Agree, Bitcoin will be stable for accepting more merchants.

AS I told i was that it was just for verification process I click their but soon i realise that it may be upgraded.
I immediately contact to their support and asked that was that upgrade request? if so then please ignore that i dont want to upgrade and leave my plan as it is.
their support team told me that they can ignore it and they have to upgrade it because it was confirmed by me.
LOL.
I replied back that again now i am confirming to downgrade but downgrade is now allowed because they loose $30 Fess for it  :o

Why? Bitpay dont allow downgrade plan? and only upgrade is allowed?

Answer me?

OK.. got it. So you upgraded your account by mistake, and you immediately asked the support to undo that. They should have complied with the request, unless there is something against it written on their T&C.

Yes exact.

But they did not undo and upgraded my account.

interesting charts about payment-fees.

http://s7.directupload.net/images/140610/7mtj2mf8.jpg (http://www.directupload.net)

yup, not surprising. Theres literally no reason to ever use them due to better alternatives (like bitcoin). The fees are so high its only good for extreme need of sending cash right away if you cant get your hands on bitcoins.

Where does Western Union say free ?
Kind of curious what they meant by that

How could post office ever be free ?

Payment fees for what?
Transferring how much money, in what method, to where?
Without that information the chart is meaningless.
Transferring money from one UK bank account to another is free, so it can't mean that.

It definetly will serve as a competition, but doubt it will kick pp and visa out.
You allways have sceptics, and rightfully , for the sole reason that bitcoin still needs to have some changes before stepping up in the market.

what do you think the changes are?safety or paying on internet directly?

The Bitpay / Coinbase competition is really picking up now. Earlier Bitpay was leading with more customers than Coinbase, including some of the big names. But now, with the addition of DISH and Expedia, Coinbase has overtaken Bitpay.

thanks for your remind,i updated my thread.

This is our tomorrow:
"Receiving bitcoin payments is completely free on Coinbase.

If you decide to cash out your bitcoins to a bank account we charge a 1% fee — but only after your first $1,000,000 in sales.

Volume discount pricing is available if you're processing more than $1,000,000 per month."

PP is dead.We must protect our profit...........say no to rude rubbers.

As i said many times before. It's great deal for sellers, but there is problem on buyers side which is "no protection". Once they get that going, they will overrun PP. As long as they dont get that, PP is in huge advantage. Why? Well simple, business is where buyers are, not the other way around.

OMG! This is super-cool! They are giving discounts to the retail giants, and at the same time, they are waiving fees for the smaller merchants. Are there any similar discounts for the Bitpay customers?

adding one adervistment:

[48Hours Promotion] $9199(hosting miner,hosting fee 100USD per month)/$9399(delivery miner) for A2 Terminator-90M Scrypt Asic miner
https://bitcointalk.org/index.php?topic=649312.msg7267465#msg7267465

hello everyone,

bitmax.us is a brand new platform,buy and sell via bitcoin.our outsourced team is on working on it,looking forward to its online.then you can buy miners and other stuff via bitcoin.

I don't believe bitpay/coinbase will "replace"  any of these large companies that were listed in this thread.  They will most likely co-exist.  More likely than not these large companies will be adapting bitcoin or their own forms of cryptocurrency.   They only way I see them getting "replaced" is if they never adapted and implemented the benefits of cryptocurrencies into their services,  but from recent press interviews and statements its becoming obvious these companies realize they will need to adapt and they see a future with bitcoin or other crypto currencies being implemented into their existing services.

I suppose that you mean the daily total bitcoin transaction volume, as provided by blockchain.info in their charts page. (equivalent to about 40 million USD/day, last time I checked)

Well, it is not clear how much of that is commercial payments (BTC changing hands in return for goods or services), how much is financial (people exchanging between other currencies and bitcoin) and how much is "fake" (bitcoins being moved between addresses that belong to the same person).

I see signs that most of that volume is "fake"; which would not be surprising, given that address creation and bitcoin transfers are still free.  One person could generate all that volume with a script that moved 1000 BTC between his own addresses every 20 minutes or so.

On the other hand Bitpay claims that they processed payments adding to 100 million USD in the whole of 2013; that may give a rough idea of how much bitcoin commerce is going on.

Paypal is a con, if you sell something on ebay, they TAX you for it. Then, PayPal TAX you when recieving the payment. Im pretty sure taxing twice is illegal?

Bitcoin can power the future, as long as nothing bad happens :p However, i dont think bitcoin will ever REPLACE.

Not if they are different taxes... in the US, eBay may charge the local Sales Tax (plus their fees).  PayPal may charge some other money transmission tax (plus their own fees). 

Ah okay, thanks for letting me know before i make a fool of myself somewhere else on the internet ;)

I'm sure the owners of both companies will tell you they wish to concentrate on their core businesses and are too busy right now to make something that large happen, but in principle you're right.
If they did something like that, it would blow the doors off this Bitcoin thingy and their businesses.