Paypal wants to accept BTC now??

[Oscilson]

most of the members are waiting for it to paypal accept bitcoin as payment method but in near future it loooking impossible that is going to happen.

This is going to happen. Payza s already on board, Paypal s next. However, I think the right way of thinking is when BTC s going to replace Paypal and not when Paypal s going to accept BTC.

Bitcoin will not replace Paypal. Bitcoin is just a kind of money used through Paypal or coinbase. Visa or Master will also embrace bitcoin in the future.

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[Mutley]

its like fire and ice....if paypal starts accepting btc then either btc will destroyed or paypal will collaps

Neither will happen IMO , both will coexist. Bitcoin can't be destroyed its decentralized, none controls it if paypal was intending to destroy Bitcoin they would just acquire it and then destroy it. But wait its decentralized so they can't really do that.

Bitcoin really isn't going to destroy Paypal or vice versa. After all there will always be a need for payment processors. Worst comes to worst they can just become a competitor to bitpay and coinbase etc.

[shogdite]

Well they keep talking the talk, if they do end up accepting btc maybe they'll return the $1000's stolen from me by their chargeback system

I wont be holding my breath....

[dquancey]

Been doing the rounds for a while now. Sure merchants have been able to accept these for some time?

Correct me if I'm wrong, it happens 

[redsn0w]

PayPal will never start to use bitcoin, maybe not for all the purchase because it is so easy make a chargeback and all we know bitcoin and reversibility can't coexist because it is impossible to reverse a payment (I'm not talking about double-spend). What do you think between ETF and PayPal? Will these news push-up the price (because a lot if people will start to buy more bitcoin)? Or not?

Paypal.com itself may not start accepting Bitcoin, but Paypal the company created (? or acquired?) https://www.braintreepayments.com to give merchants the ability to accept Bitcoin.

Thanks for the link, I didn't know that site before now! It seems interesting, in bottom page there is written :

© 2008-2015 Braintree, a division of PayPal, Inc. All rights reserved. Italy Privacy Policy | Legal | Trademarks


So I think they "are" test"ing" bitcoin as method of payment (and not as only speculation) before add it to the real paypal site (as option). We will see what will happen (but I am not optimistic).

[randy8777]

PayPal will never start to use bitcoin, maybe not for all the purchase because it is so easy make a chargeback and all we know bitcoin and reversibility can't coexist because it is impossible to reverse a payment (I'm not talking about double-spend). What do you think between ETF and PayPal? Will these news push-up the price (because a lot if people will start to buy more bitcoin)? Or not?

Paypal.com itself may not start accepting Bitcoin, but Paypal the company created (? or acquired?) https://www.braintreepayments.com to give merchants the ability to accept Bitcoin.

Thanks for the link, I didn't know that site before now! It seems interesting, in bottom page there is written :

© 2008-2015 Braintree, a division of PayPal, Inc. All rights reserved. Italy Privacy Policy | Legal | Trademarks


So I think they "are" test"ing" bitcoin as method of payment (and not as only speculation) before add it to the real paypal site (as option). We will see what will happen (but I am not optimistic).

i think it won't lead to much optimism by many people. there have been several articles about this subject and still nothing actually has happened. it's more a fantasy right now.

[brokenchair]

we want bitcoin to crash the paypal not to support it
if paypal accepting btc then btc is supporting them

Fuck yeah.  Paypal is the absolute worst, you get fees up the ass. 
Ebay is absolute garbage, you get fees and scammed up the ass. 
People complain about bitcoin, look at ebay's class action suit for sellers being scammed by ebay shit policy and support.
Screw paypal and ebay, create that openbazar shit or something already.

Paypal should and will die, it is expensive, offers dick in the way of protection, and was basically created to make ebay more money. 

[tyz]

Right step ahead. But as I read some weeks ago is that Paypal will not offer buyer protection for Bitcoin payments. So, it's still a risky thing to buy/sell Bitcoins using Paypal.

https://www.cryptocoinsnews.com/breaking-paypal-merchants-can-now-accept-bitcoin/

[redsn0w]

we want bitcoin to crash the paypal not to support it
if paypal accepting btc then btc is supporting them

Fuck yeah.  Paypal is the absolute worst, you get fees up the ass. 
Ebay is absolute garbage, you get fees and scammed up the ass. 
People complain about bitcoin, look at ebay's class action suit for sellers being scammed by ebay shit policy and support.
Screw paypal and ebay, create that openbazar shit or something already.

Paypal should and will die, it is expensive, offers dick in the way of protection, and was basically created to make ebay more money. 

I don't think it will die so fast, do you know what the people want? A simple and easy method of payment, and bitcoin is still not really "user-friendly" this is one of the various reasons why people don't join the bitcoin world. There are a lot of people that don't know how to use a computer (or surf on internet) and we want a mainstream adoption? How much years 'has' "this type of economic" (in comparison with cryptocurrency _ only 5-10 years).

[brokenchair]

we want bitcoin to crash the paypal not to support it
if paypal accepting btc then btc is supporting them

Fuck yeah.  Paypal is the absolute worst, you get fees up the ass. 
Ebay is absolute garbage, you get fees and scammed up the ass. 
People complain about bitcoin, look at ebay's class action suit for sellers being scammed by ebay shit policy and support.
Screw paypal and ebay, create that openbazar shit or something already.

Paypal should and will die, it is expensive, offers dick in the way of protection, and was basically created to make ebay more money. 

I don't think it will die so fast, do you know what the people want? A simple and easy method of payment, and bitcoin is still not really "user-friendly" this is one of the various reasons why people don't join the bitcoin world. There are a lot of people that don't know how to use a computer (or surf on internet) and we want a mainstream adoption? How much years 'has' "this type of economic" (in comparison with cryptocurrency _ only 5-10 years).

I was not saying bitcoin is going to take over tomorrow.....just agreeing that paypal is absolute garbage and bitcoin is superior (to be fair I cant think of a payment method inferior to shitpal.)  Also ebay is the absolute worst service these days.

[Netnox]

Why would someone use bitcoin through paypal, doesn't it have ridiculous fees? Something bitcoin was made to avoid.

[gkv9]

Why would someone use bitcoin through paypal, doesn't it have ridiculous fees? Something bitcoin was made to avoid.

It's not about the fees and use, it's about adoption I guess...

[redsn0w]

Why would someone use bitcoin through paypal, doesn't it have ridiculous fees? Something bitcoin was made to avoid.

It's not about the fees and use, it's about adoption I guess...

Yes obviously it is only an adoption purpose, there are a lot of merchant oon ebay and other online store that are accepting paypal as method of payment. Maybe if paypal will (really) add it as other option (the fee will otherwise be very low 'respect their actual fees') and the people will start to use 'bitcoin'.

[yayayo]

we want bitcoin to crash the paypal not to support it
if paypal accepting btc then btc is supporting them

Fuck yeah.  Paypal is the absolute worst, you get fees up the ass. 
Ebay is absolute garbage, you get fees and scammed up the ass. 
People complain about bitcoin, look at ebay's class action suit for sellers being scammed by ebay shit policy and support.
Screw paypal and ebay, create that openbazar shit or something already.

Paypal should and will die, it is expensive, offers dick in the way of protection, and was basically created to make ebay more money. 

I don't think it will die so fast, do you know what the people want? A simple and easy method of payment, and bitcoin is still not really "user-friendly" this is one of the various reasons why people don't join the bitcoin world. There are a lot of people that don't know how to use a computer (or surf on internet) and we want a mainstream adoption? How much years 'has' "this type of economic" (in comparison with cryptocurrency _ only 5-10 years).

I was not saying bitcoin is going to take over tomorrow.....just agreeing that paypal is absolute garbage and bitcoin is superior (to be fair I cant think of a payment method inferior to shitpal.)  Also ebay is the absolute worst service these days.

I fully agree. Everyone using Painpal (or even worse using Painpal to accept Bitcoin) must be considered an idiot. Bitcoin is superior in all aspects, most importantly staying in full control of your funds. Painpal will die.

However it's true that Bitcoin is not readily adopted by the masses because it is a new concept. But that will change with time. In fact, Bitcoin allows for even better usability than Painpal, because there is no registration / conversion overhead.

ya.ya.yo!

[redsn0w]

we want bitcoin to crash the paypal not to support it
if paypal accepting btc then btc is supporting them

Fuck yeah.  Paypal is the absolute worst, you get fees up the ass. 
Ebay is absolute garbage, you get fees and scammed up the ass. 
People complain about bitcoin, look at ebay's class action suit for sellers being scammed by ebay shit policy and support.
Screw paypal and ebay, create that openbazar shit or something already.

Paypal should and will die, it is expensive, offers dick in the way of protection, and was basically created to make ebay more money. 

I don't think it will die so fast, do you know what the people want? A simple and easy method of payment, and bitcoin is still not really "user-friendly" this is one of the various reasons why people don't join the bitcoin world. There are a lot of people that don't know how to use a computer (or surf on internet) and we want a mainstream adoption? How much years 'has' "this type of economic" (in comparison with cryptocurrency _ only 5-10 years).

I was not saying bitcoin is going to take over tomorrow.....just agreeing that paypal is absolute garbage and bitcoin is superior (to be fair I cant think of a payment method inferior to shitpal.)  Also ebay is the absolute worst service these days.

I fully agree. Everyone using Painpal (or even worse using Painpal to accept Bitcoin) must be considered an idiot. Bitcoin is superior in all aspects, most importantly staying in full control of your funds. Painpal will die.

However it's true that Bitcoin is not readily adopted by the masses because it is a new concept. But that will change with time. In fact, Bitcoin allows for even better usability than Painpal, because there is no registration / conversion overhead.[/u]

ya.ya.yo!

It is obvious that I'm thinking the same, why I'm here ? You should convince all your friend and relative to start use also bitcoin for their online/physical purchase, maybe with the use of a credit card like (advcash,neteller, etc..).

[Stedsm]

Seems to be unbelievable as have been waiting for this to happen, and for those who think fees will be much higher, I don't think that they might be charging anything more than miner's fee as we aren't using any card and sending BTC through wallets.

[amiryaqot]

Seems to be unbelievable as have been waiting for this to happen, and for those who think fees will be much higher, I don't think that they might be charging anything more than miner's fee as we aren't using any card and sending BTC through wallets.

that is big news for paypal users so bitcoin going to be most demanding crypto currency after this adoption, well i am also waiting for this.

[umair01]

https://www.cryptocoinsnews.com/breaking-paypal-merchants-can-now-accept-bitcoin/

As long as its a gateway to accept bitcoin payments with no conversions,which is already what we're doing,
but whats the purpose of paypal here,there goes the privacy,the anonimity,more verifications,more fees,more bueracracy witholding payments..etc

[Stedsm]

Seems to be unbelievable as have been waiting for this to happen, and for those who think fees will be much higher, I don't think that they might be charging anything more than miner's fee as we aren't using any card and sending BTC through wallets.

that is big news for paypal users so bitcoin going to be most demanding crypto currency after this adoption, well i am also waiting for this.

Just hope that this might not be the "blah-blah only" talks and must turn into reality in no time, so to give BTC its true value.

[Cruxer]

https://www.cryptocoinsnews.com/breaking-paypal-merchants-can-now-accept-bitcoin/

It has been like this for more than 3 years already. Come on..

Agree heard about this couple times. Still theory, nothing existing in reality when it comes to payal with bitcoin