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Author Topic: Important -Paxful fee increased , pls check before trading.  (Read 257 times)
anshui (OP)
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May 21, 2019, 03:36:14 PM
Last edit: May 21, 2019, 04:01:15 PM by anshui
 #1

Starting on Monday, May 27th, 2019, all gift card escrow fees will be changed to 2% except for iTunes and Google Play gift cards, which remain at 5%. For all non-gift card payment methods, escrow fees will stay at 1%. These adjustments are part of some major improvements we’ve been making to Paxful. We’ve expanded our team to strengthen compliance and dispute resolution services, with special regard to gift card-related issues.

Pls check before trading.


For low fee you can check coinbaazar.com

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
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May 21, 2019, 06:52:00 PM
Last edit: May 21, 2019, 07:02:11 PM by Mpamaegbu
 #2

These things are expected at a time like this wherever Bitcoin price rises. It isn't with only Paxful, I think it has to do with miners hiking their commissions. I use a greenbits wallet and currently I haven't been able to send out Bitcoin from my greenbits wallet since yesterday because of this exorbitant commission charged by the miners. I believe this transverses all other wallets too. Fees will revert whenever the backlogs are cleared up, I believe.

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anshui (OP)
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May 21, 2019, 08:04:07 PM
 #3

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
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May 21, 2019, 08:53:48 PM
 #4

It's another increase that we have to accept that the fees are increasing every time the prices of bitcoin is increasing as well. It's not just happening in Paxful but in every exchange as well and we're used to it. I just wish that as the fees increase, the transactions would also flow smoothly.

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May 21, 2019, 09:28:56 PM
 #5

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.
anshui (OP)
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May 22, 2019, 03:49:30 AM
 #6

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.

Looking at market trends an alternative to both exchanges is launched recently with low fee,and best part is moderators are really professional. Check www.coinbaazar.com

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
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May 22, 2019, 05:16:50 AM
 #7

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.
Paxful does it. Remember when a local bitcoin has stopped it and those people are wanna using it will move to another platform and in this case, paxful is actually taking the advantage. 
The users have no choice and they can only follow it to pay the fees to use that service.
that's why more this kind of service is needed

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.

Looking at market trends an alternative to both exchanges is launched recently with low fee,and best part is moderators are really professional. Check www.coinbaazar.com
But this is not the right time to shilling it dude. But just checked it.  Roll Eyes

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anshui (OP)
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May 23, 2019, 08:06:24 AM
 #8

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.
Paxful does it. Remember when a local bitcoin has stopped it and those people are wanna using it will move to another platform and in this case, paxful is actually taking the advantage. 
The users have no choice and they can only follow it to pay the fees to use that service.
that's why more this kind of service is needed

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.

Looking at market trends an alternative to both exchanges is launched recently with low fee,and best part is moderators are really professional. Check www.coinbaazar.com
But this is not the right time to shilling it dude. But just checked it.  Roll Eyes


For an alternative you can check www.coinbaazar.com , its newly launched , low fee , and moderators are really prompt and professional,

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
anshui (OP)
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May 23, 2019, 04:55:18 PM
 #9

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.
Paxful does it. Remember when a local bitcoin has stopped it and those people are wanna using it will move to another platform and in this case, paxful is actually taking the advantage. 
The users have no choice and they can only follow it to pay the fees to use that service.
that's why more this kind of service is needed

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.

Yes seems like paxful is taking an advantage , as people have ideally no choice. I can suggest you , just visit www.coinbaazar.com and check


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.

Looking at market trends an alternative to both exchanges is launched recently with low fee,and best part is moderators are really professional. Check www.coinbaazar.com
But this is not the right time to shilling it dude. But just checked it.  Roll Eyes

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
redsun114
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May 24, 2019, 07:13:56 AM
 #10

Starting on Monday, May 27th, 2019, all gift card escrow fees will be changed to 2% except for iTunes and Google Play gift cards, which remain at 5%. For all non-gift card payment methods, escrow fees will stay at 1%. These adjustments are part of some major improvements we’ve been making to Paxful. We’ve expanded our team to strengthen compliance and dispute resolution services, with special regard to gift card-related issues.

Pls check before trading.


For low fee you can check coinbaazar.com
I expected that this changes would have happened a long time ago and not surprised a bit that it's happening now, paxful are looking for ways to earn money for themselves and I think they have been bearing some lost because some persons at a point showed me how it was possible to send coins via paxful to external wallet, I believe that they are trying to cover their lost this is why they are increasing fees, so I am not really surprised.

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May 24, 2019, 04:12:19 PM
 #11

I already check coinbazaar as the OP mention, but I don't register in that site.
I only see that coinbazaar could be a new competitor for paxful and if coinbazaar can give more than paxful, I think the customer will move to coinbazaar.
But I never use both site coinbazaar and paxful, so I don't know much information, and I still prefer localbitcoin to buy and sell bitcoin directly.

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May 24, 2019, 07:52:33 PM
 #12

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.
Paxful does it. Remember when a local bitcoin has stopped it and those people are wanna using it will move to another platform and in this case, paxful is actually taking the advantage. 
The users have no choice and they can only follow it to pay the fees to use that service.
that's why more this kind of service is needed

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.

Looking at market trends an alternative to both exchanges is launched recently with low fee,and best part is moderators are really professional. Check www.coinbaazar.com
But this is not the right time to shilling it dude. But just checked it.  Roll Eyes


For an alternative you can check www.coinbaazar.com , its newly launched , low fee, and moderators are really prompt and professional,


It's just disappointing that as they take advantage, we are suffering from high fees. Yes, there are alternatives but we are all looking for an exchange which could offer a good service with a justifiable fee. Not an exchange that would only take advantage of every uncertain situation.
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May 24, 2019, 07:59:28 PM
 #13

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.
Paxful does it. Remember when a local bitcoin has stopped it and those people are wanna using it will move to another platform and in this case, paxful is actually taking the advantage.  
The users have no choice and they can only follow it to pay the fees to use that service.
that's why more this kind of service is needed

Paxful did this because  localbitcoins stopped some payments methods from their website , specifically card payments , and that is why paxful increased its fees , as its getting lot of traffic , and also its his monopoly , as hardly any p2p platforms like this are in existence.


Does it mean that Paxful is just taking advantage of the localbitcoin's case? I think it isn't always justifiable for these platforms to increase their fees whenever they want.
The sad thing is we got no choice and we can't really do anything about it.

Looking at market trends an alternative to both exchanges is launched recently with low fee,and best part is moderators are really professional. Check www.coinbaazar.com
But this is not the right time to shilling it dude. But just checked it.  Roll Eyes


For an alternative you can check www.coinbaazar.com , its newly launched , low fee, and moderators are really prompt and professional,


It's just disappointing that as they take advantage, we are suffering from high fees. Yes, there are alternatives but we are all looking for an exchange which could offer a good service with a justifiable fee. Not an exchange that would only take advantage of every uncertain situation.

In that case you can visit coinbaazar.com , low fee p2p exchange

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
anshui (OP)
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May 25, 2019, 10:12:02 AM
 #14

I already check coinbazaar as the OP mention, but I don't register in that site.
I only see that coinbazaar could be a new competitor for paxful and if coinbazaar can give more than paxful, I think the customer will move to coinbazaar.
But I never use both site coinbazaar and paxful, so I don't know much information, and I still prefer localbitcoin to buy and sell bitcoin directly.


You can just sign up and use it once , m pretty sure once you start using coinbaazar , you will see the difference yourself , as benefits are enormous. like low fees, and no fees on incoming transactions and more.

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
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May 25, 2019, 10:52:50 PM
 #15

Although the increase is "only from 1 to 2%" its still a 100% increase, which can be A LOT depending in your transaction volume.. I agree with the others saying that you are taking advantage of localbitcoins situation

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anshui (OP)
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coinbaazar - Escrow Exchange is launched worldwide


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May 26, 2019, 05:33:48 PM
 #16

Although the increase is "only from 1 to 2%" its still a 100% increase, which can be A LOT depending in your transaction volume.. I agree with the others saying that you are taking advantage of localbitcoins situation


You can visit coinbaazar.com , its a low fee p2p exchange recently launched , just 1% for all the payment modes. live support agaent , professional moderators , no kyc for most of payment modes and many more benefits.

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
davis196
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May 26, 2019, 05:40:55 PM
 #17

Starting on Monday, May 27th, 2019, all gift card escrow fees will be changed to 2% except for iTunes and Google Play gift cards, which remain at 5%. For all non-gift card payment methods, escrow fees will stay at 1%. These adjustments are part of some major improvements we’ve been making to Paxful. We’ve expanded our team to strengthen compliance and dispute resolution services, with special regard to gift card-related issues.

Pls check before trading.


For low fee you can check coinbaazar.com

Aside from your blatant self-promotion,OP Grin I think that Paxful should remove completely gift cards trading,because(as far as I remember) buying and selling gift cards on other websites was against Google,Amazon,iTunes terms of service and they could sue Paxful.

anshui (OP)
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May 26, 2019, 06:01:30 PM
 #18

Starting on Monday, May 27th, 2019, all gift card escrow fees will be changed to 2% except for iTunes and Google Play gift cards, which remain at 5%. For all non-gift card payment methods, escrow fees will stay at 1%. These adjustments are part of some major improvements we’ve been making to Paxful. We’ve expanded our team to strengthen compliance and dispute resolution services, with special regard to gift card-related issues.

Pls check before trading.


For low fee you can check coinbaazar.com

Aside from your blatant self-promotion,OP Grin I think that Paxful should remove completely gift cards trading,because(as far as I remember) buying and selling gift cards on other websites was against Google,Amazon,iTunes terms of service and they could sue Paxful.

Its a personal choice to sell gift cards , how can someone stop , unless these companies stop selling gift cards. People buy and sell on their own wish , no one force people to do that. Why would someone would sue paxful , u mean to say i purchase gift card and sell it on paxful and then sue them . Please be wise.

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
Cosbycoin
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May 28, 2019, 05:27:27 AM
 #19

This is no longer a new thing to me,  I always expect things like this to start happening anytime the price of bitcoin is moving up. You haven't seen anything yet,  just watch as the price moves up cause once the price starts to reach a higher price you will notice that even the fees for transactions will start to double up everyday as the price moves up. Everything just goes up as the price of bitcoin goes up, that's a normal thing that happens. The next thing is that you will see a lot of people complaining that fees is too high and that price is also high,  that they need a correction lol. This is just starting.
anshui (OP)
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May 29, 2019, 08:39:55 PM
 #20

I already check coinbazaar as the OP mention, but I don't register in that site.
I only see that coinbazaar could be a new competitor for paxful and if coinbazaar can give more than paxful, I think the customer will move to coinbazaar.
But I never use both site coinbazaar and paxful, so I don't know much information, and I still prefer localbitcoin to buy and sell bitcoin directly.


Thanks for checking 'coinbaazar' , no offence its not coinbazaar ,though we should understand paxful and LBC  monopoly , they suspend account ,charge high fees,  keep so much bonds , lets stop this together , tell everyone about this platform.

coinbaazar -A  low fee P2P escrow exchange with 100's of payment methods, launched worldwide , safe and secure , 2FA, google authentication, Best in market for traders and vendors.
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