PayPal Vs Bitcoin: Who is the Big Guy?

[Accardo]

Even up to now on which those people or marketers or even businesses does still stick out with Paypal despite of those chargebacks possibility which it is really that indeed giving off some disadvantage into those sellers specially the legit on. We do know that scam chargebacks is really that imminent on this space also which means that they should really be that strict on how to make out decisions whether
it would be viable or not. For now we've seen that companies do still stick with Paypal specially into those known and popular merchants or even on freelancing sites which these kind of
payment option is really that their main requirement but now in todays on where Bitcoin is already been known, then there are some places on which we could see that there
are really that giving off that Bitcoin payment option as an add up which is something that really good to see.

We dont need that competition because no matter how much we do hate Paypal, they would be still here to stay considering that there are lots who do still prefer the old and traditional options.

Paypal family and friend is an option that many traders now utilize for their transaction, to reduce chargeback. So, intermediary platforms like freelancing site etc, will definitely go for Paypal over bitcoin because of trust issues, they wouldn't want their customers to get scammed. But, since the money goes through them, the platform, why not integrate bitcoin and wait till everyone is satisfied with the transaction before sending out money to the seller. That way they'll work as escrow, as clients will pay the seller first and the seller is under their platform. Yet, they may not reason this way because of the volatility of bitcoin, however, those that prefer bitcoin are expected to use bitcoin marketplace and vice versa for Paypal. No hate.

[umbara ardian]

It is true that the fintech industry has significantly advanced in recent years, providing convenience and ease of doing business for individuals and companies worldwide. However, as you mentioned, the issue of trust remains a significant challenge in the industry.

Platforms like PayPal have been instrumental in facilitating online transactions, but their reliance on the traditional banking system and government regulation exposes them to various risks. Bitcoin, on the other hand, offers complete autonomy and sovereignty over digital currency, which has resulted in low to no cost for international transactions, innovations, and enhanced security. So its emergence has provided an alternative means of conducting financial transactions and given rise to other cryptocurrencies, which has opened up more opportunities for individuals and companies to control their businesses over the internet.

[Gyfts]

...

The overlap of Bitcoin users and Paypal users are minimal. Other centralized payment processors have taken up Paypal market share, not necessarily crypto. The only reason to use Paypal is because e-commerce companies force you to use it and hold you hostage to Paypal's arbitrary ToS which will ban/revoke funds on a whim. I don't even think Paypal's users enjoy using the platform. They won't be going anywhere until the e-commerce platforms drop them as a payment processor, and it's going to be a while before they adopt Bitcoin instead.

If you've ever tried selling anything on Paypal, it's a nightmare.

[JoyMarsha]

PayPal offers a service, bitcoin is a currency. They made have some similar benefits that they offer to some customers, but they are not the same. IMO bitcoin is the bigger guy if you choose to compare these two that you should not be comparing on a regular day.

Bitcoin is the bigger guy because the benefits it offers overshadows and make any benefit that PayPal offers to be like Childs play. In terms of transactional reach, bitcoin can be sent to any part of the world unlike PayPal that has some restrictions. It terms of anonymity, you cannot also compare. PayPal does not offer anonymity.

Back then, when I was using Paypal, I believed it to be the best option out of all those available for using to make an online purchase. I didn't mind paying its fees because it was the only online payment method I knew of, but since I am aware of Bitcoin, I have stopped using Paypal as an online payment method in favor of using bitcoin instead.

I'm attempting to convey that you cannot come into contact with bitcoin and decide to ignore it as the main player of the rest of the market. In terms of fairness and trust, longevity, fees, and adoption, there is no comparison between Paypal and bitcoin.

The two stated examples you mentioned, "No restrictions and the anonymous nature" will keep making bitcoin the bigger guy over the existing and the upcoming project or services to be created in the future.

[Magic-Money]

PayPal and Bitcoin is two difference network for online payment, or transaction, which Bitcoin is the best and is not control by anyone or government, but PayPal is control by American government, in which is not every country PayPal is working, mostly here in Africa not working perfectly, buy Bitcoin is working and many Big companies recognize Bitcoin as a means of payment than PayPal platform, and it can't be compared. Beside Bitcoin we explored the world very soon.

[kryptqnick]

People who are more use to the traditional financial system can prefer PayPal, and PayPal is sometimes a bit more convenient than online banking, but I think Bitcoin is significantly better. Aside from the fees, being closely tied to the traditional banking system, and limited operations in various countries, PayPal can also be annoying sometimes when it thinks something suspicious is going on, and it can temporarily freeze funds, require more verifications and things like that. Bitcoin isn't centralized, so nobody is there to freeze your transaction, request anything out of the blue to let the transaction go through, and of course it functions the same way all over the world. The downside of Bitcoin is perhaps that you often can't use it directly to pay for goods and services, whereas PayPal money can be easily transferred to a bank account, and some major places allow paying with PayPal directly.

[lepbagong]

PayPal and Bitcoin is two difference network for online payment, or transaction, which Bitcoin is the best and is not control by anyone or government, but PayPal is control by American government, in which is not every country PayPal is working, mostly here in Africa not working perfectly, buy Bitcoin is working and many Big companies recognize Bitcoin as a means of payment than PayPal platform, and it can't be compared. Beside Bitcoin we explored the world very soon.

has its own distinguishing features, although both can be used as legal means of payment, the longer term and possible reach of Paypal is better known. as you said, the advantage of bitcoin is that no one controls it and the management is also easy, unlike paypal, which requires procedures and rules that are not easy.
actually both of them are the same, there are restrictions that are carried out in almost many countries, if in your country bitcoin can be accepted than paypal, of course it's better, in my opinion it's easier to use bitcoin than paypal.
once again in my opinion it is more profitable to use bitcoin because there are benefits that paypal cannot provide.