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Author Topic: Is bitcoin better or paypal?  (Read 274751 times)
Bitcoinxchanger
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December 20, 2015, 01:57:54 PM
 #1

I have been told that don't accept payments via paypal, is that right?
Because when buyer will have his bitcoins then he can claim back money from paypal by saying that i haven't received desired product.
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December 20, 2015, 02:00:08 PM
 #2

I like to use both.
PayPal because it's easier to convert to cash, btc because it won't limit you for having money.

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December 20, 2015, 03:11:07 PM
 #3

I have been told that don't accept payments via paypal, is that right?
Because when buyer will have his bitcoins then he can claim back money from paypal by saying that i haven't received desired product.

Hmm.. It depends. We all know about the chargeback thing on paypal was a tool used by scammers so people should be careful accepting payments via paypal but there are still some excemptions just like with reputable members of this forum(mostly those who got dark green trusts on their profile), you can accept paypal payments from them with no worries.
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December 20, 2015, 03:29:08 PM
 #4

Yes Paypal is crappy , Paypal will sooner or later ask you to provide information's to confirm your identity if you receive big amounts of cash or from suspicious accounts , and they can limit your account and you lose your money even if you did nothing .
Bitcoin don't need ID,Passport , don't need a specific age , can't get limited and you can receive how much you want and also you won't get your balance chargebacked by the sender , fees are much lower and much more ...  Bottom line ? Bitcoin > Paypal .

Now if you are selling your BTC for Paypal , you may want to be caution because you can get scammed so make sure to trade with someone trusted and note that using a Middleman won't really change anything because the other party can still chargeback so it's not really recommended to accept payments on Paypal .

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December 21, 2015, 05:25:00 AM
 #5

paypal is ok if your using it for ebay cause i suppose it gives you protection from both sides (or is supposed to) bitcoin being non
reversable can also be a bad thing if your getting scammed.



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Rainbot
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December 21, 2015, 07:51:13 AM
 #6

bitcoin is better, i just use paypal where i can not use bitcoin yet, and the site look shady maybe or not well known, this is for buying stuff online
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December 21, 2015, 11:18:25 AM
 #7

paypal is ok if your using it for ebay cause i suppose it gives you protection from both sides (or is supposed to) bitcoin being non
reversable can also be a bad thing if your getting scammed.

I don’t worry about scamming. I know to protect myself from scam. I would wish to go with bitcoin only. First bitcoin price and paypal’s fiat price is have large difference. Bitcoin doesn’t have big transaction fee like paypal.So I ll go with bitcoin only.
happybitcoinph
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December 21, 2015, 01:16:12 PM
 #8

Paypal is hassle to others because of security measures it's giving to their users and its just fine.

Bitcoin is easy to use because no security measures are given here.

Therefore, both are useful depends on the person's need.

Like here in my location, withdrawing cash is easy with bitcoin here so I will choose bitcoin. I don't have bank account that's why I can't use Paypal for withdrawing cash.
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December 21, 2015, 01:58:40 PM
 #9

Bitcoins are much times better than PayPal, you don't have any fear of any authorities limiting your account for any reasons, that doesn't mean the protocol agrees with money-laundering cases...

Still, even people at PayPal are involved in such cases, so mentioning Bitcoins won't be justice to it...

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December 21, 2015, 02:01:18 PM
 #10

I have been told that don't accept payments via paypal, is that right?
Because when buyer will have his bitcoins then he can claim back money from paypal by saying that i haven't received desired product.
yes, its true paypal is not safe for sellers, bitcoin is much better compared to paypal
no big fees, no payment reversal no document verification needed or you never face any problem that you face with paypal like account limitation,fund hold,documents etc.
LuckyYOU
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December 21, 2015, 04:16:09 PM
 #11

I like both of them but as a seller I wouldn't use PayPal as payment option. As a seller you are not protected by paypal.
If a buyer runs into a problem they are guaranteed to get their money back, unlike the seller, they won't receive their product or whatever they sell back.

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December 21, 2015, 04:40:25 PM
 #12

BTC is better from sellers POV, the advantage for buyers is in that they are free to buy whatever and wherever they want. I think it's a bit problematic buying cocaine or nuclear submarines with PP Cheesy
The only disadvantage is nobody from common people is using BTC yet, but it'll start changing soon.
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December 21, 2015, 07:51:57 PM
 #13

Bitcoin is way better then paypal. Not just because so many benefits but also because of the cost which is the main point when it comes to money.
People always look at the price, even when comparing creditcards.
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December 21, 2015, 08:16:09 PM
 #14

PayPal is great for buyers with bad intentions. Beside that, using PayPal is like you are extorting yourself by paying high fees. It just doesn't make sense. Bitcoin is better in every aspect. With Bitcoin you as seller are also protected. No one can charge back on you.

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December 21, 2015, 09:03:11 PM
 #15

Bitcoin is the new Paypal.

And with new innovations come more & better features:
- Tracing your coins in the blockchain
- Pay less fee (up to 99% on large transactions)
- Be anonymous, stay anonymous
- Own your money like a boss, no more paypal withdrawal limits
- More to come, stay tuned!

Coinroll - Bitcoin Dice

[f2i6ddaK4z8cNtjxe]
Bitcoinbro
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December 21, 2015, 09:22:30 PM
 #16

Bitcoin with it's low cost outperforms paypal in every possible way.
At the moment paypal has the benefit of having so many merchants but mark my words... in a few years this will be very different.
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December 22, 2015, 12:37:51 PM
 #17

If you want charge back, paypal is better. As it protect you if you are scammed. But the fee of paypal is too high.
avw1982
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December 22, 2015, 06:51:15 PM
 #18

Bitcoin is way better then paypal. Not just because so many benefits but also because of the cost which is the main point when it comes to money.
People always look at the price, even when comparing creditcards.

Yeah If we take paypal or redeem whatever their fees and charges too heavy when compared to Bitcoin. 3% of fees only when compare that fees. Bitcoin is very fast than bitcoin transaction Except confirmation time. So I would I always go with bitcoins only.
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December 23, 2015, 02:05:33 AM
 #19

100% bitcoin is much better than paypal,

In paypal you have to disclose all you identitys and you have to give your identity proofs , in paypal transaction reverse is very famous to scam. and i personally saw paypal and the procedure of it is very bad. and their charges also heavy.

In bitcoin you dont have to disclose your identitys , you can just create a hardware or online web wallet and give your wallet address where ever you want to receive or pay the bitcoins. the transaction charges are also less. and more it is irreversible, and about converting to fiat currency their are so many exchanges where you can convert it one is like localbitcoins.com which is having so many user who are ready to buy or sell and do transaction through bank transfer.

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December 23, 2015, 12:31:24 PM
 #20

100% bitcoin is much better than paypal,

In paypal you have to disclose all you identitys and you have to give your identity proofs , in paypal transaction reverse is very famous to scam. and i personally saw paypal and the procedure of it is very bad. and their charges also heavy.

In bitcoin you dont have to disclose your identitys , you can just create a hardware or online web wallet and give your wallet address where ever you want to receive or pay the bitcoins. the transaction charges are also less. and more it is irreversible, and about converting to fiat currency their are so many exchanges where you can convert it one is like localbitcoins.com which is having so many user who are ready to buy or sell and do transaction through bank transfer.

But you have more protection using Paypal. You can reverse a payment if you are scammed by somebody else.
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