Wapinter (OP)
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April 09, 2016, 08:27:29 PM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
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Hugroll
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April 09, 2016, 08:30:16 PM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
a simple and logical solution is to just subtract the fee from what you are sending, and make the receiver receive less , idk how happy the receiver will be about that though.
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Lauda
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April 09, 2016, 08:32:49 PM |
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There is no such option currently built in. There was a proposal called Child-pays-for-parent but it has not been implemented. The only thing that you can do is 'workarounds' as the example above: a simple and logical solution is to just subtract the fee from what you are sending, and make the receiver receive less
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btvGainer
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April 09, 2016, 08:53:32 PM |
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IMO the best way is where sender pays the fee because that way the receiver will get the full amount.In a trade if seller receive the less payment due to fee,he will always include fee in his price or ask the buyer to pay extra to cover fee.In either case sender has to pay more so better sender pay fee
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AgentofCoin
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April 09, 2016, 09:24:58 PM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
In Bitcoin, a fee is paid to the miner as incentive to include the unconfirmed transaction, into their next found block. There is no way to actually have the "receiver pay the miner's fee" as to how Bitcoin actually works. As said by other users above, to effectively do what you are inquiring of, you would need to still include the miner's fee, but reduce the total amount of bitcoins (by the miner's fee amount) that you wish to send to the receiver. So simply, you would be shortchanging the receiver and advise them that you deduced the miner's fee from what was owed.
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Nimbulan
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April 09, 2016, 09:31:56 PM |
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there are no ways to make the receiver pay the transaction cost in my opinion as there is no possibility to do that in any off the wallets actually and i doubt that there will ever be such a thing
though there are ways on how to make him pay the costs for example taking the fee cost from the amount of money transacted, i cant think of anything else right now
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quentincole32
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April 09, 2016, 11:42:03 PM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
maybe its impossible,fee its come from sender,just because sender sent money to other people and its weird if not use fee. fee diceded by exchange or wallet,and some wallt allow us to modifiy transaction fee.
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iv4n
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April 09, 2016, 11:49:35 PM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
a simple and logical solution is to just subtract the fee from what you are sending, and make the receiver receive less , idk how happy the receiver will be about that though. Very nice joke, I can't stop laughing. Very simple solution and yet very effective. Well I think if two parties make a deal to receiver pay the fee then there is no need him to get angry for that. Just calculate how much you plan to send minus fee and then send that much. But how much is fee? I think there is no need for that if you working with big amounts. With small 0.1 mbtc is almost nothing. No one will get rich from this fee, and its very important to keep miners alive and with that all bitcoin world. If you don't pay you cant be sure that everything will work. People who make all this possible deserve a prize.
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Bitcoinpro
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April 09, 2016, 11:57:15 PM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
a simple and logical solution is to just subtract the fee from what you are sending, and make the receiver receive less , idk how happy the receiver will be about that though. that made me lolz
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setupbounds
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April 10, 2016, 02:07:43 AM |
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Currently it is not possible that receiver pays the fee in the bitcoin network, as oppose to paypal network when receive pay it. The fee is deducted from the initiator of the transaction and it is fair enough i guess.
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bitbaby
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April 10, 2016, 02:42:35 AM |
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I simply don't understand why paying bitcoin fee is such a bother, a 20k Sats/kb comes to $ 0.083, which shouldn't really be a problem for the sender or the receiver as to who covers it.
Don't use paypal so don't know what their fee(s) are but I am sure it is dependent on the volume of transaction, which I would imagine must be much higher as compared to bitcoin tx fee.
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faridkifly
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April 10, 2016, 03:05:16 AM |
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general and logically seemed unable that receiver paying a fee. because I think everywhere senders pay a fee.
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SAMKUSH
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April 10, 2016, 04:18:32 AM |
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In bitcoin transaction the fee is paid by sender exactly opposite of PayPal where receiver pays the fee or is deducted from the amount he receives.Can it be possible in bitcoin too?Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
the moment we have the receiver paying transaction fees that will be the end of bitcoins because we are going to have charge backs which will be unattractive for the crypto world
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Soros Shorts
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April 10, 2016, 04:20:01 AM |
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Is there a way in bitcoin transaction that fee is deducted from or paid by receiver?
I would love to know how to, if this is possible. Then I would send multiple 1 Satoshi payments to all those people who annoy me.
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jacee
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April 10, 2016, 04:21:27 AM |
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Afaik it's not possible. If you want the receiver to cover the fee then your only option is to subtract the fee to the original amount that you are going to send to him. It is a good idea tho if it will be implemented but shouldering the fee for small transactions, doesn't seem bothering.
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Quickseller
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April 10, 2016, 04:41:43 AM |
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There is no such option currently built in. There was a proposal called Child-pays-for-parent but it has not been implemented. The only thing that you can do is 'workarounds' as the example above: a simple and logical solution is to just subtract the fee from what you are sending, and make the receiver receive less
Wrong. It is up to the individual miners to decide which transactions to include in their found blocks, and if they want to use CPFP logic they are free to do so. It would actually be economically irrational not to do so. There is currently at least one mining pool that publicly supports CPFP.
In most of the global economy as it stands now, it is the receiver that bears the cost of receiving funds for transactions (although they often pass along those costs to consumers).
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pooya87
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April 10, 2016, 04:43:49 AM |
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There is no such option currently built in. There was a proposal called Child-pays-for-parent but it has not been implemented. The only thing that you can do is 'workarounds' as the example above: a simple and logical solution is to just subtract the fee from what you are sending, and make the receiver receive less
if i am not mistaken, breadwallet has this feature built-in (i read about it not used it) also it is doable but requires some work, i found a topic talking about this here : https://bitcointalk.org/index.php?topic=1118563.0also: https://bitcointalk.org/index.php?topic=729535.msg8251404#msg8251404also the github link if anybody is interested: https://github.com/bitcoin/bitcoin/pull/1647~~~ It is up to the individual miners to decide which transactions to include in their found blocks, and if they want to use CPFP logic they are free to do so. It would actually be economically irrational not to do so. There is currently at least one mining pool that publicly supports CPFP. ~~
it is called eligius but i can't find it on their site, the link has been disabled or i am blocked to see it
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LouYu
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April 10, 2016, 04:56:16 AM |
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Good suggestion. But this is not how bitcoin work. Workaround is receiver send the fee first and the sender send the coin next. the development team shall make a easier system for receiver to pay fee.
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pooya87
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April 10, 2016, 05:00:38 AM |
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Good suggestion. But this is not how bitcoin work. Workaround is receiver send the fee first and the sender send the coin next. the development team shall make a easier system for receiver to pay fee.
actually i think that is not necessary at all. it is not a common problem it is just in rare occasions that the receiver needs to pay the fees, in 99.9% of the time the transaction will get confirmed even if the fee is low and there is no spam attack going on.
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smashbtc
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April 10, 2016, 05:23:29 AM |
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That is not the concept of bitcoin. The fee is being given to the miner as finder's fee, incentive or reward. There is no such an option that the receiver will be the one to pay the miner's fee. The only logical solution is what the first commenter said in his post that you must deduct from the amount you are sending to the receiver.
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