paypal exchange rates are the best reason to use bitcoin

[Room101]

Just had to buy my girlfriend a 128gb card to boost her macbook air storage. Used ebay and paypal ( newegg doesn't let Australians use bitcoins yet  )

Paypal fees are one thing, their exchange rates are another. Currently it is 0.944. Paypal gave me 0.91. So another 4 bucks on top of the fees. Bitcoin may not yet be better for lots of US customers, as you don't save anything and it can be a bit of a hassle, but for the rest of us poor shmucks around the world, getting rid of exchange rate ripoffs is a big fucking deal. I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!

Given electronics / software cost us Aussies between 20 - 50% more on average than in the US, being able to purchase from overseas and use bitcoin to avoid the exchange rate issues, it really is only a matter of time before everyone starts using it.

Speculation is one thing. Saving money is another. Feeling pissed off over getting ripped off is the biggest motivator i have found yet!!

p.s. bought the macbook from CoinsForTech. Awesome service.

[Beliathon]

I'm planning on buying a new Thinkpad this year, at those kind of rates it would be $75 dollars worth of exchange rate rip off!!

Whoa, that's huge. Yeah, once citizens of every nation can pay most businesses in BTC, no one will be using Pay"pal" anymore.

[ganabb]

When you're making a payment with currency conversion, PayPal adds a 2.5 to 4% exchange rate spread depends on the currency you're paying , this is ridiculously steep. Your bitcoins will *always* give you a better exchange rate than PP.