PayPal receiving Bitcoin?!

[Zadicar]

I don't know what is the actual reason that PayPal doesn't accept Bitcoin but I hope soon they will. On that way they will atract even more users, so I hope this will change in the future.

The reason is that Bitcoin in potential can wipe out PayPal as a company since Bitcoin makes PayPal obsolete in every shape and form. They know that very well.

I don't think bitcoins can completely wipe out PayPal because as of now bitcoin market is just less than 10 billion market and also you can't send bitcoins to unknown person to buy anything because they can easily cheat you or you need to go through with escrow. But in case of Paypal, you can buy confidently so both got advantages and disadvantage and we need both of them for different purposes.

Agree! Bitcoins cant beat paypal. Paypal now is very famous and lot of users of it. Unlike bitcoins it just new in these something that if you have a trouble of it devs from it cant support you unlike paypal they are so accomodating.

which trouble by the way? bitcoin was made to become currency and NOT a service so bitcoin don't need support or anything else,just like when  you use an ordinary currency like dollar or yuan,when you just lose it somewhere does there's also support that you can call to get help? i guess no
you're comparing currency with a service which is definitely not right

Correct, paypal and  bitcoin cant be  compared since bitcoin is a currency and  paypal is  service even though  paypal  would accept bitcoin on their service theres  no problem at all.. the main thing  that  bothers me about  using paypal  is their   high fees on each transaction , so  its  better to  use  pure bitcoin service than on paypal.

[1714673721]

1714673721

[1714673721]

1714673721

[1714673721]

1714673721

[1714673721]

1714673721

[1714673721]

1714673721

[Dudeperfect]

Nope, I have not heard anything that paypal is accepting bitcoin, but at the moment dell is accepting it so I think in near future most of the e-commerce giant players will also accept it. In the coming year, Kim dotcom has announced that he is going to bring next version of mega upload with bitcoin support so we can expect a growth in the user base of bitcoin. If paypal starts supporting bitcoin then it will prove game changing.

[adibe]

If paypal accepting bitcoin, it will be a good news for both paypal and bitcoins. The price of bitcoin will increase for sure and many people will start using bitcoins.

[randy8777]

If paypal accepting bitcoin, it will be a good news for both paypal and bitcoins. The price of bitcoin will increase for sure and many people will start using bitcoins.

it will not happen as paypal is seeing bitcoin as a more than dangerous rival. if ebay, the mother conpany of paypal lists bitcoin at their market platform as a payment option, then it will surely gain ground at the cost of paypal. they will not allow this to happen.

[haankoammu]

May I know the reason why does Paypal do not accept bitcoin as payment and/or deposit?! I know that Bitcoin is known widely on the internet so Paypal should accept it as a mode of payment since their forte is through the internet. I hope that someday, PayPal will acknowledge Bitcoin and put it as one of the mode of payment in their site. It will be very convenient for us.

PayPal doesn't accept direct competitors as payment options IMO, it's the same reason you can load you bank account with another bank account or use Skrill with PayPal, Also there is the tricky part about money regulations with something like BTC etc..

[Lokfar]

May I know the reason why does Paypal do not accept bitcoin as payment and/or deposit?! I know that Bitcoin is known widely on the internet so Paypal should accept it as a mode of payment since their forte is through the internet. I hope that someday, PayPal will acknowledge Bitcoin and put it as one of the mode of payment in their site. It will be very convenient for us.

Here:https://www.cryptocoinsnews.com/breaking-paypal-merchants-can-now-accept-bitcoin/
"In September 2014, PayPal announced it would accept Bitcoin via integration with Braintree... Via the PayPal Payment’s Hub merchants could use customizable APIs to integrate Bitcoin into their shops for digital goods. At the time, it released a video hinting at Bitcoin integration."
I didn't really use PayPal much in my life, so I can't really tell, but are you saying they didn't do this thing?

Do you really think paypal is receiving bitcoins i dont think so because most of the time it is not bitcoins they are receiving because they are only for the money they receive cashhh

[~Bitcoin~]

If paypal accepting bitcoin, it will be a good news for both paypal and bitcoins. The price of bitcoin will increase for sure and many people will start using bitcoins.

Even if paypal allow direct deposit/withdraw to bitcoin worldwide there may not be much effect on price instantly however it will be really good news for bitcoin users because the shops which only used to accept paypal payment will also add standalone bitcoin payment system for sure. This may increase the use cases of bitcoin in daily life.

[Dite1989]

May I know the reason why does Paypal do not accept bitcoin as payment and/or deposit?! I know that Bitcoin is known widely on the internet so Paypal should accept it as a mode of payment since their forte is through the internet. I hope that someday, PayPal will acknowledge Bitcoin and put it as one of the mode of payment in their site. It will be very convenient for us.

PayPal probably doesn't accept Bitcoin because Bitcoin is in too much of a legal gray zone right now, and this means that Paypal accepting it could end up with it being implicated with some criminal activity (accidentally, however money laundering would be possible to an extent), and that could be some Paypal just doesn't want to deal with at all.

Do you remember what happened with Liberty Reserve? Liberty Reserve ( LR ) had to shut down because of the amount of "grey" users and the criminal organizations that abused the payment processor's service. Not only LR's company suffered heavy losses because of that, but many users, too, who used their services for legit purposes.

[rasenggan]

until now paypal not supported about bitcoin

[coin_gambler]

I dont like PayPal the transaction is very slow so don't be business partner with the bitcoin.
Bitcoin is better . PayPal is down

you are right, bitcoins are way better but i think that in the future paypal will be accepting bitcoins

[Hugroll]

May I know the reason why does Paypal do not accept bitcoin as payment and/or deposit?! I know that Bitcoin is known widely on the internet so Paypal should accept it as a mode of payment since their forte is through the internet. I hope that someday, PayPal will acknowledge Bitcoin and put it as one of the mode of payment in their site. It will be very convenient for us.

in my opinion, paypal and bitcoin are like 2 completely different currencies. paypal wouldnt get involved with bitcoin because it breeds anonymity, and paypal is the complete opposite of that. they want to learn your lifestory before letting you use paypal lol.

[richardsNY]

I dont like PayPal the transaction is very slow so don't be business partner with the bitcoin.
Bitcoin is better . PayPal is down

PayPal transactions are instant, so I don't know how you come up with PayPal transactions being slow. That's not right, so please don't spread false information.

[BeGoods]

If paypal accepting bitcoin, it will be a good news for both paypal and bitcoins. The price of bitcoin will increase for sure and many people will start using bitcoins.

it will not happen as paypal is seeing bitcoin as a more than dangerous rival. if ebay, the mother conpany of paypal lists bitcoin at their market platform as a payment option, then it will surely gain ground at the cost of paypal. they will not allow this to happen.

nope few days ago the owner of paypal actually interested in bitcoin, and you know Coinbase and paypal cooperation together, and I think indirectly linked bitcoin and paypal cooperation. so I think the competitors could work together for the better and this will certainly provide benefits to both parties

[Doamader]

As i remember paypal has hired the ceo of xapo, soo they are doing something hidden, as i remember paypal were always the place where the ligits projects were paying with it, hyip, cycler or any similiar projects arent able to use paypal. Their reputation has been build that way, atleast i do joined a project if they had paypal as option otherwise it would turn into another scam, paypal its regulated at almost all countries, bitcoin is being used by several people around the world, but paypal isnt ready for bitcoin yet.

[Shiroslullaby]

Its definitely a good sign that more and more companies are accepting Bitcoin,
but I still think that for now, Paypal would rather have a partner accept the coins, and transfer money through paypal to that company.
That way they can do business with people using Bitcoin but not be directly involved.
I actually wouldn't be surprised if Paypal acquired a company that took Bitcoin payments at some point in the future.

[Skarner21]

I heard that coinbase will partner in paypal but still now paypal still not consider bitcoin as mode of payment..
I think they are not accepting bitcoin because of many illegal activity in bitcoin also many people are using paypal for scam people before and they have no reverse payment in bitcoin unlike paypal.

[Hazir]

I actually wouldn't be surprised if Paypal acquired a company that took Bitcoin payments at some point in the future.

It is already happening. PayPal added Bitcoin startup Xapo CEO Wences Casares to board of directors he might be working on some new level of partnership between Xapo and PayPal.
Direct Bitcoin acceptance is doubtful it will be rather done by acquiring bitcoin companies, startups and projects and integration of their services into PayPal portfolio.

http://www.coindesk.com/paypal-xapo-wences-board-directors/

[shinratensei_]

I actually wouldn't be surprised if Paypal acquired a company that took Bitcoin payments at some point in the future.

It is already happening. PayPal added Bitcoin startup Xapo CEO Wences Casares to board of directors he might be working on some new level of partnership between Xapo and PayPal.
Direct Bitcoin acceptance is doubtful it will be rather done by acquiring bitcoin companies, startups and projects and integration of their services into PayPal portfolio.

http://www.coindesk.com/paypal-xapo-wences-board-directors/

I don't think if that is will be a good decision, but just waiting about how it works. just if that is will giving an impact for the cap performance.

[erickkyut]

I actually wouldn't be surprised if Paypal acquired a company that took Bitcoin payments at some point in the future.

It is already happening. PayPal added Bitcoin startup Xapo CEO Wences Casares to board of directors he might be working on some new level of partnership between Xapo and PayPal.
Direct Bitcoin acceptance is doubtful it will be rather done by acquiring bitcoin companies, startups and projects and integration of their services into PayPal portfolio.

http://www.coindesk.com/paypal-xapo-wences-board-directors/

Wow! This is a very good news
It will be more convenient for us to transfer our bitcoin or do online shopping because not all online shopping sites accept bitcoin. I'm looking forward to it!

[RoommateAgreement]

I actually wouldn't be surprised if Paypal acquired a company that took Bitcoin payments at some point in the future.

It is already happening. PayPal added Bitcoin startup Xapo CEO Wences Casares to board of directors he might be working on some new level of partnership between Xapo and PayPal.
Direct Bitcoin acceptance is doubtful it will be rather done by acquiring bitcoin companies, startups and projects and integration of their services into PayPal portfolio.

http://www.coindesk.com/paypal-xapo-wences-board-directors/

Wow! This is a very good news
It will be more convenient for us to transfer our bitcoin or do online shopping because not all online shopping sites accept bitcoin. I'm looking forward to it!

paypal is only looking for making more money from this partnership and nothing else.
but i think it is going to be a good thing for everyone both bitcoin users and those who don't use bitcoin because it will open up a way for an easy access to buying and selling bitcoin for fiat.