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Author Topic: Bitwala Now Lets Users Send Bitcoin to Paypal Accounts  (Read 564 times)
bitcoinmar
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November 04, 2015, 07:48:40 PM
 #1

Bitwala Now Lets Users Send Bitcoin to Paypal Accounts

https://www.cryptocoinsnews.com/bitwala-now-lets-users-send-bitcoin-to-paypal-accounts/
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AltFaucets
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November 04, 2015, 09:18:25 PM
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Looks good!  Smiley Has anyone checked how does it work?
KokiFurihata
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November 04, 2015, 10:44:29 PM
 #3

That is kind of neat but I would like to see official integration by Paypal.
Slark
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November 04, 2015, 11:54:53 PM
 #4

The company charges a flat fee at 0.5% of the transacted amount. Is not fee a little too much? I would like it to be percentage but not higher that $x amount.
Sending large sum of money is difficult with fee working like this.

botany
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November 05, 2015, 12:41:55 AM
 #5

That is kind of neat but I would like to see official integration by Paypal.

Why would paypal want to help its competitor?  Smiley

Moreover, paypal has to comply with a lot of regulations in different countries, like anti money laundering and know your customer. They will have problems with these if they integrate Bitcoin. So I don't think integration of Bitcoin is likely until various governments take a positive stand on it.
Skaven
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November 05, 2015, 04:04:03 PM
 #6

This would be cool

Has anyone here tried it?
lumeire
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November 05, 2015, 04:17:04 PM
 #7

The company charges a flat fee at 0.5% of the transacted amount. Is not fee a little too much? I would like it to be percentage but not higher that $x amount.
Sending large sum of money is difficult with fee working like this.

It's good enough, if you'll be using Paypal to receive a large sum of money don't do it. They'll lock you out of your account and put you under investigation. I've seen this many times, even in legitimate business accounts. Just use wire if you need to cash out huge.

hua_hui
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November 06, 2015, 07:07:06 AM
 #8

The company charges a flat fee at 0.5% of the transacted amount. Is not fee a little too much? I would like it to be percentage but not higher that $x amount.
Sending large sum of money is difficult with fee working like this.

given how paypal works, 0.5% is considered very very little to them. usually they charge like 2-5% of the transaction. and you lose advantage in their currency conversion again.

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