Bitcoin Forum

This is not a scam thread I swear to damn.

Just click here:
https://www.braintreepayments.com/

Braintree a company wholly owned by paypal is Allowing you to accept payments from Applepay, Paypal, and BITCOINS

They seem to be allowing coinbase integration. So does this mean that logging into your paypal/ebay page and topping up your account with bitcoins is going to be the new thing?

I'm not a big fan of paypal but to see someone who has adamantly fought the rise of bitcoins every step of the way now accepting them at least through one of their venues is unreal to me.

 

No transaction fees on your first $50k. Cool and thanks for posting.

The title of this thread literary made me want to end my life. 

I am just kidding.  No one should end their life.  haha 

I was literaly just like what the fuck spam links on Wired.com but it was actually a link to brain tree and I almost did a spit take which would have ruined my laptop (Redbull does not give your lapatop wings I promise)


Yeah pretty neat, definitely going to be doing my research I would love to try doing something with the v.ZERO sdk, might sign up just to play with it.

"2.9% + $.30 per transaction" for all payment methods?

Talk about shitting in the face of Bitcoin.

That removes all the benefit and Braintree takes all that as profit.

Well they are using coinbase for there integration so coinbase charges 1% they charge 1% then they take the addtional 0.9% for all of the customer service they are going to have to do and 30 cents/tx covers there server/power/other associated costs.

Don't get me wrong they will make a killing off of this if it goes mainstream but at the same time for a "non bitcoin payment service" to use bitcoin these are the fees they are used to, so they will continue to charge them.

it seems they are run by legit company Paypal, transaction fees are not much to get paypal for bitcoins,
thanks for sharing this post i just made my account there and will make a test transaction there let's see how it goes.

cool ... so i can use bitcoin and get raped for 3% for the privilege ... or i can just pay for shit with *money* from my bank account through paypal and pay 0% ... tough call ...

fee's are not the problem, after all on most days there is a difference of more than 3% between exchanges.

for instance right now
BTC-e        253.00 USD
OKCoin.com    254.17 USD
Bitfinex            255.80 USD
Bitstamp        256.33 USD
LocalBitcoins    290.31 USD

so if you bought off localbitcoins.com you would complain that there was a 12% fee compared to btc-e
so if you bought off bitstamp.com you would complain that there was a 1.3% fee compared to btc-e

and thats just treating the spot spread as a fee before you even include the actual service fee.

I don;t think you understand. As a merchant you are selling a computer for $100 on your website coolstufflikethis100dollarcomputer.com

You offer to sell your computer through paypal:
User spends $100 paypal charges 2%+ 0.15 fee* You get 97.85 USD
You offer to sell your computer through Authorize.net's official credit portal
User spend $100 authorize charge 1.9% +0.3 fee* You get 97.80 USD
You offer to sell your computer through coinbase
User spends $100 coinbase charges 1% fee you get 99 USD

So no matter what you use there's going to be a fee, now you could mitigate this by installing the cheapest credit card processor on your website, paypal directly, venmo directly, integrating with apple pay directly, integrating with coinbase directly(or even using your own standalone bitcoind baring the risk of getting hacked) to save the most money or you could just install a few lines of code and have all of those things ready to roll.

I'm not advertising for braintree or paypal just saying this is what happens everyday albeit they cost more but you get more in less time and time is money.

(Also half or more of what braintree colects has to go to their third party processors for each payment option anyway so)

*Fee's guestimated

So not quite, but still, it is something. This is good news in any way, doesn't necessarily mean that people will start using this service though.
The fees for Bitcoin transactions should be much lower if this were to make any sense,but it's their call after all. Imagine 2.9% on 10k, 20k, 50k ect.

merchants have fees for processing digital payments ... ok ... fine ... that cuts into their profit margin , sure ... and people are lazy and want turn key solutions , check ... sounds about right from business perspective ... but as a *consumer* like most people are , who don't own their own multinational conglomerate , the choice between paying extra and not paying extra is a pretty easy choice ... as a merchant , choosing between letting paypal fuck you over for a couple % , or choosing bitcoin payment processors to fuck your customers over for a couple additional % , why not let the buyers take the fee instead of you , right ? ... god i fucking hate living on this planet ...

You could always buy a spaceship. You might need to use PayPal and pay the fee, though. Then you just have to convince them at the new planet that your money is the true money.

No don't get me wrong I completly agree with your above statement. but it's the same way with everything in life.

As a consumer I go to walamart and a mom and pop grocery store and buy the exact same thing.
Walmart is going to be about 15% cheaper:
6+% Quantity discounts on sales items
1-2% Quantity discount on payment processor
And the rest is contributed to labor and business expenses that a larger company can write off in the millions of dollars in income they are making compared to a store making <40k/week total sales.

Same for bitcoin sites. Go to a site that uses coinbase exclusively and a site that uses braintree and your looking at paying on average 1.9% more for the same thing.
So I agree the consumer eats the cost but that's just the way the cookie crumbles

i've seriously considered suicide or some sort of exile / monastic living in a remote corner of earth rather than continue to live in the capitalist industrial world ... i'm not kidding when i say i fucking hate living on this planet ... likely i'll eventually live in a remote off-grid cabin or a blue water sailboat to satisfy my demands for not being exploited in my daily life , producing all of my own electricity and food/water in either case ... i'd live on mars in a heartbeat ...

Yes, Braintree you are talking about is a subsidiary company owned by paypal accepts Bitcoin, I remember this is a old news from last summer.

And Braintree accepting Bitcoin is not equal to Paypal accepting Bitcoin, they are different companies.

I agree to an extent braintree taking bitcoin is not paypal taking bitcoin but at the same time when their listed agent is PAYPAL it means that paypal is in one way shape or form accepting bitcoin.

And 2 it just happened in January https://www.braintreepayments.com/blog/coinbase-private-beta So if it is fro last year it has not been active until <60 days

they said they are waiting for more security option before accepting it, they are on track, adding 2fa will be the next step before accepting bitcoin as a payment

there was another thread talking about this

That's great. Talk about the fees, I don't think it's an issue at all. Never mind if it's through Braintree and not Paypal because eventually it is still the same. And no matter what we just can't escape from the fees. If we compare that by accepting credit card payment, that is even worse. So for that few percent of difference and at the same time help to promote bitcoin, overall I think that is still good enough.

Probably not. Until I see some actual proper implementation by Paypal and not some subsidary this isn't really anything to get excited about in my opinion.


Who has thought the rise of bitcoin? Paypal?


That's funny. Paypal isn't any more secure than bitcoin. At least I know I'm not going to sell something then get a chnargeback a few days later with bitcoin.

why is local bitcoins beyond expensive compared to other exchange rates? or are there traders setting up this fake price to sell over priced bitcoins. i wonder who would buy coins priced at $290 now. maybe newbies.

I'm not interested in hearing news about Paypal until I see a Bitcoin balance there, the CEO has proven himself to be completely full of shit.

Braintree + PayPal + Coinbase = No Privacy

These guys spit in the face of Satoshi and we rant and rave about them accepting Bitcoin... how weird is that?

The added transaction fees is the salt in the wounds.  >:( 

Guess what buttercup, life isn't all rainbows and puppies 100% of the time.  There's gonna be competition, there's gonna be challenges, there's gonna be people screwing others over to get ahead.  That's just how the world is and it ain't changing anytime soon.  No one likes fees but it's a (semi) free market, and a business must make profits to stay in existence.  Now... you can either be all bitter and wrapped up in self pity about it, or you can accept it, laugh at it, make the best of it, and choose to be happy.  I choose  the latter option.

Braintree/paypal with bitcoin is nothing new. It was announced last year, which was a lot more hyped up than now. Some people were glad to hear this, but there were many that did not support this integration.

They have officially announced Bitcoin adoption, it's a matter of time, the question is when. It will only be huge once we see it on ebay tho. Most paypal transaction volume comes from ebay.com

Same. I don't know what they're playing at. They create cryptic adverts mentioning it but yet they haven't done anything to implement it. I'll believe it when I see it but until then I can't see it happening or not any time soon.


Any integration is good integration in my opinion but some people just really seem to hate PayPal.

1. This is not a PayPal.
2. Even if it would be a Paypal, do you think for real that it would be great news?
On Paypal account there is your name, address, even a home phone, which is not privacy at all.
Also, do you think that Paypal will not charge any fees on it?
I am not a hatter, just want some things straight and honestly I would not use my Bitcoins via Paypal (why would anyone?)

Also if paypal will be involved they will keep the amount for a short period and they guaranteed funds ''trade in safe environment by paypal'' Scammers will love it they will figure something for free coins!In my personal opinion if paypal start trades Bitcoin, is losing value it is like a regulation form on an unregulated system calling Bitcoin.

Kind Regards,
BTC-Bank.

Thanks for the information, apparently paypal have another company but the fees is still big :D

well that at least will regulate more bitcoin, you lose anonymity but you gain regulation, and will be more easy to declare taxes

OPENBAZAAR will not have these fees... decentralized exchange of goods.
Just don't know what's taking them so long.

This has been in development for a while now, not new news, but it's exciting to see the monopoly finally making a move towards bitcoin

well...Im not syre if that is a good news..but its ok I guess.. The popularity is on the rise n ppl using that medium will come to know about BTC. The fee is the only issue which I dont think anyone can find a solution to.. other that not using the site.

Well, if you look at it from a certain viewpoint, we're all full of shit, quite literally.

this could be interesting for people who don't trust Painpal (so, anyone with a working brain essentially) and does not want to be robbed by them  :)

IF, AND ONLY IF, this would permit operating a Painpal account without connecting a credit card or a bank account, because then you can deposit/withdraw directly into Bitcoin before/after every Painpal payment (such as a purchase on Ebay), and therefore never expose yourself to the risk of Painpal account freezing or reversal theft.

Now Painpal is stealing their customers funds all the time, it is part of their busienss model, so I doubt that they let you use a BTC only funding model.  :-\

Just watch out. Paypal screwed a whole lot of eGold users way back in the beginning of the 2000s. If you do any Bitcoin business, and Paypal finds out, withdraw all but a minimum of funds out of Paypal. They can't be trusted. If they could, they would return the funds to their old list of eGold users, whose accounts they simply cancelled... so sad, too bad.

:)

I bought my first bitcoin paying someone using Paypal. Then Paypal closed their account -- totally ridiculous.

I would hate to support anything PayPal based but the site seems interesting.

Has anyone used it properly?

yes,the news of paypal with bitcoin was reported last year.

What's the big deal. I don't see trouble here. I mean, it's PayPal right? They're bull of bullshit.

Paypal is never to be trusted. Stop this fraud and buy into bitcoin. That's it period. Grand things to come ahead.

Well said Mr. Chef Ramsay. Too bad eBay uses it, as well there's no good alternative. Skrill was good but chargebacks are still possible. Same with Payza, but you can't pay anywhere with Payza.

Buying Bitcoin is still a struggle for some, so until then, PP is the only option

this is why i like amazon, they dont rely on paypal at all with their stupid high fees

if they will put high fee on bitcoin too, i doubt many will use it

But PayPal accepting bitcoin would be part of the 'grand things to come'. It would be huge for bitcoin and adoption if they got on board. Imagine being able to spend bitcoins every place that accepted Paypal? Hopefully we won't need paypal in the future and bitcoin can stand on its own two feet but at this point it would be a great success for bitcoin.

Well they're a payment provider (Braintree) they are best off with integrating as many protocols and payment systems into their portfolio, even if it is just to buy into the hype. It is still up to their customers which system they want to accept!

Yeah, but 2.9% + $.30 is the standard PayPal fee anyway. It sounds like the 1% + 1% + 0.9% etc. is just arbitrary math to justify the same old rates. But I could be wrong. Often am. :)

Me

Paypal work much well than my actual bank ...
But i agree with the problematic incoming fund (and freezing issues).

True but paypal will get the drift once it's obvious that the kingmakers are buying and holding, not necessarily this intermediate period of who-knows-what going on. I'm not sure that paypal thinks that adoption leads to more people using them to buy/spend bitcoin, so this is a big problem relying on them in this field. There's lots of info going out, via VCs, that other outlets are better to be used to do your biz in bitcoin w/o the aforementioned. Who needs them at this point? Just sayin

The title of the thread is misleading as hell.
Paypal, doesnt accept bitcoin, Braintree does. Braintree is a subsidiary of Paypal.
Meaning, you will go to braintree to transact bitcoin.

Hence, Paypal does not accept bitcoin.