Bitcoin Forum

i have no idea  ;D What do you think peepz?
Should they or not and why?BTC

I think under some conditions chargeback is a desired feature.
For example in eBay normally that's a good thing when purchasing physical items.
If the seller never sends the merchandise then the payment can be charged back.

So in my opinion it would totally make sense for PayPal to allow funding with BTC and using that funds on eBay.

Paypal should accept BTC, PayPal is merely a facilitator of transactions, they don't take sides in currency.

And Bitcoin would benefit from the access to such liquidity.

Most important, PayPal is located in Silicon Valley and is the brainchild of visionary Elon Musk.

Already happened: http://www.coindesk.com/bitcoin-processors-paypal-partnership/

Bitcoin needs to replace Paypal, not be some type of "partner".

Probably bitcoin will make go PayPal bankrupt. I really don't think so but it's possible.
But saying BTC needs to replace PayPal is kind of saying US dollar needs to replace PayPal.

Bitcoin is a currency, PayPal is a processor, not really replaceable.

no paypal shouldnt be judge only the court systems

I'm not saying PayPal should be judge, just an intermediary as it is now for US$ transactions on eBay.
Of course law/judges are in a whole superior level, but you can't get a lawyer and start a trial for every package that doesn't arrive  ::)

If someone things he has been wronged by Paypal they can go to the judicial system in order to settle the matter.

Paypal just follows consumer protection laws.

Paypal and BTC cannot be partners. Paypal may accept BTC at some point, but you can't make a partnership with a decentralized network of computers.

Since Bitcoin is decentralized, they cannot partner up. But, PayPal could choose to accept BTC much like they accept the USD or CAD.

https://www.paypal.com/webapps/mpp/paymentshub

Paypal and Bitcoin!

Obviously "partner" is a poor choose of word by OP. But it's clear he meant PayPal accepting bitcoin or working with it in any way.

What's this?

All I'm getting is:
https://i.imgur.com/5x564jw.png

Edit:

I see it's working for US:

https://www.paypal.com/us/webapps/mpp/paymentshub (https://www.paypal.com/us/webapps/mpp/paymentshub)

This looks great!

Your internet must be broken!

Check your Internet, as it is up for me. Also, you can always go to http://www.downforeveryoneorjustme.com and see if it is down for you or everyone.

OP Subject: Why PayPal and Bitcoin should partner up.

Picture in my mind: PayPal CEO picking up the phone and asking his secretary for bitcoin's phone number.

Not available in Ecuador. It works if I force the US version:

https://www.paypal.com/us/webapps/mpp/paymentshub (https://www.paypal.com/us/webapps/mpp/paymentshub)

LOL... That's funny bro... I can see the secretary calling all the bitcoin businesses trying to figure this shit out.

Why would Paypal not want to use btc. Btc is just like cash. No credit card companies to deal with and no credit card fees. PP will still get their cut and maybe a bigger cut. I don't know what or if it costs PP to deal with Visa and Mastercard.

Its also great for buyers and sellers who like the Paypal system and whatever security it offers.

Paypal hates Bitcoin.

I really dont think if that can be done.

That is actually far from the truth, paypal are taking bitcoin very seriously and are already making move to integrate it;-

http://video.cnbc.com/gallery/?video=3000281677

I think they are just waiting to see how things go, using bitcoin could save them a ton of money and help them reach every single country around the world.  They do like bitcoin though:

https://i.imgur.com/A1iGvXI.jpg

many people believe that bitcoin should replace paypal, and we should be able to do all our purchases with bitcoin but i think the chargeback feature of paypal is sometimes a necessity.

Yes, I remember there was a news about PayPal and Bitcoin, a subcompany of PayPal accepted Bitcoin as a payment method, but it doesn't mean PayPal accepts Bitcoin too.

There was actually something new this morning about maybe new plans of paypal to integrate bitcoin
https://i.imgur.com/A1iGvXI.jpg

Don't know if it has been integrated though

This integration has long been in discussion but i don't know why it has yet to be implemented. I think it's good for both sides paypal will benefit from btc users vice versa we want to be able to pay using btc at large marketplace where paypal is dominating. Hopefully we can see this become a reality by end of this year and if it does it's going to be a major boost for bitcoin adoption.

Mainly PayPal should not consider all the users of bitcoin as committing illegal activities and should let people exchange bitcoins for cash. It is not necessary that all only use bitcoins for gambling purposes. PayPal currently limits the accounts that are bitcoin related and except Virvox, all other transactions can get your account frozen.

I agree with you.
If PayPal and Bitcoin partner up, it will benefit both sides but paypal CEO may feel that they don't need BTC, because we are still ''small' comparing with them.
I hope that they will see ''bigger'' picture and understand great potential of BTC or someone else will replace them and accept bitcoin as partner.

i hate chargeback, and one of the reason why i like bitcoin, are the irreversible transactions

so no, they shouldn't, but it could benefits the average joe, who want more security

Maybe the appropriate term is "integrate" and not "partner." Why would a big company "partner" up with a network of decentralized computers in the first place when they could simply adopt the system and use the currency as a payment option? If I'm not mistaken, they are into integrating bitcoin. :)

---> https://www.paypal.com/webapps/mpp/paymentshub

Chargeback protects the users against fraudulent transactions because if ever the seller got paid but never sent the money, the buyer from the other side would still retrieve his/her money.

Bitcoin doesn't need Paypal.

Paypal needs to adapt and pivot into the bitcoin space of they want to have any hope of being in business ten years from now.

paypal accept bitcoin, and bitcoin can be exchanged with paypal. however, paypal which must apply for it. because bitcoin is very special. The fastest transaction without having to be verified

it would be nice if you could both buy and sell bitcoin in your paypal account or charge your account with bitcoin. although it is defeating the purpose of anonymity, i think it would be handy

Didn't they announce an official partnership already? I remember seeing Bitcoin mentioned i a Paypal advertisement in Youtube.