PayPal receiving Bitcoin?!

[ethereumhunter]

i think this will not happen in this short time but maybe for next year, paypal will be integrate their system with bitcoin and blockchain technology so the member of paypal can buying and selling bitcoin with their account directly.

[bitcoinvestor]

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.

its because of the volatility of bitcoin, if paypal started converting bitcoins to paypal balance and vice versa, people would start using paypal as a bitcoin exchange which they probably dont like.

That is a good news if paypal accept bitcoin. In fact, It is dificult to find exchanger that accept paypal desposit to change into bitcoin.

[sana54210]

Probably the same reason why PayPal doesn't take Skrill as a funding method, Them being a competition and in the exact same market PayPal is in right now, I also know they discourage using BTC in Ebay as well and only using PayPal, I guess that might change in the future though when bitcoin goes mainstream.

Since Bitcoin is being well known worldwide and becoming more popular nowadays, I think it might surpass PayPal someday. Many people find it more convenient rather than using PayPal as a mode of payment.

Yes, paypal gives too many problems to its users, it is very strict with its policies and many users are not happy about that. The reason why many people will be forced to use paypal is because there is no alternative for it, as we now have bitcoin I think in few years to come bitcoin will completely take the place of paypal in the entire world.

[SAMKUSH]

I think it will be very useful for sites that mainly accept bitcoin to be able to convert any income received in paypal to bitcoins. I receive alot of money from paypal and end up paying +15% to convert it to bitcoin. This is very expensive for me to do and takes me alot of time.

[exadex.org]

I hope that PayPal will accept Bitcoin sometime and that it will be easier to buy Bitcoin via PayPal.

[BitHodler]

I think it will be very useful for sites that mainly accept bitcoin to be able to convert any income received in paypal to bitcoins. I receive alot of money from paypal and end up paying +15% to convert it to bitcoin. This is very expensive for me to do and takes me alot of time.

Sites e.g merchants are more likely to convert any income through Bitcoin to PayPal instead of vice versa.

I have to add that the far majority of the merchants use something as BitPay to handle every Bitcoin related transaction from beginning to end. They don't have to do that themselves.

In your case, where are you living? There must be ways to buy yourself into Bitcoin without paying ridiculously high premiums.

[geopolisch]

I'm not sure that paypal will accept bitcoin. Because obviously both very different systems. Might be a lot of changes if it happens because it takes a big change if paypal accept bitcoin. But I'm sure it will not happen.

That change could create a lot of problems with their website or their system so just better not do it. It will take longer maintenance which may also make their cutomers irritated and they could lose some users.

Whether they accept bitcoin or not, they are already loosing custmers. Paypal is too rigid in it policy which is scaring most people from iyt patform. I am one of the customers and paypal taken my money I have earned legitimately for so many times and they are not willing to let me get it back.

[Sharma]

Probably the same reason why PayPal doesn't take Skrill as a funding method, Them being a competition and in the exact same market PayPal is in right now, I also know they discourage using BTC in Ebay as well and only using PayPal, I guess that might change in the future though when bitcoin goes mainstream.

Since Bitcoin is being well known worldwide and becoming more popular nowadays, I think it might surpass PayPal someday. Many people find it more convenient rather than using PayPal as a mode of payment.

The burning question is why would one use Paypal for bitcoin?We needed Paypal,Skrill etc to send or receive money because we had no choice but with the advent of bitcoin,we dont need PayPAl anymore

[mrcash02]

Probably the same reason why PayPal doesn't take Skrill as a funding method, Them being a competition and in the exact same market PayPal is in right now, I also know they discourage using BTC in Ebay as well and only using PayPal, I guess that might change in the future though when bitcoin goes mainstream.

Since Bitcoin is being well known worldwide and becoming more popular nowadays, I think it might surpass PayPal someday. Many people find it more convenient rather than using PayPal as a mode of payment.

The burning question is why would one use Paypal for bitcoin?We needed Paypal,Skrill etc to send or receive money because we had no choice but with the advent of bitcoin,we dont need PayPAl anymore

But some sites we use to earn online money uses only Paypal. So we can't cashout in BTCs. Or Paypal start accepting Bitcoins or the sites we use to earn money start accepting Bitcoins.

If Paypal accepts would be better, because it would be more embrancing, and we don't need to wait the good will of each site we use. Sooner or latar they will have to start accepting it. The future is coming...

[Doamader]

Paypal is currently not receiving bitcoins officially as payment method , but there was news on the forum i heard recently paypal trying to add as officially , if that comes it will be very good for the transaction 

paypal just have a cooperation with coinbase which actually not having cooperation with the whole bitcoin itself,bitcoin catching widest area than coinbase as coinbase only a company based on bitcoin,so can't say paypal receiving bitcoin fully

Atleast paypal is being used like a third companie, in the meanwhile bitcoin will get more space and paypal will find some solution to accept and work with bitcoin, its just a question of time.

[Monetizer]

I don't think Paypal will add bitcoin until it really needs to (Mass adoption) for the simple reason that its bad for business, if it gets more people into Bitcoin then that means less people using Paypal.

[Mr.grin]

I don't think Paypal will add bitcoin until it really needs to (Mass adoption) for the simple reason that its bad for business, if it gets more people into Bitcoin then that means less people using Paypal.

Well, maybe it is still very difficult to think that way. however, I think the paypal actually reduced because bitcoin, and I felt it was also felt by the paypal. I think that if someday paypal have felt disadvantaged because a lot of people using bitcoin than paypal, I think that PayPal will also receive bitcoin to maintain its popularity

[sempak]

maybe still need time and also an increasingly technological high. because they have their mutually beneficial cooperation. if this is true, then the financial system paypal and bitcoin will be a system that is immense.

[tabas]

maybe still need time and also an increasingly technological high. because they have their mutually beneficial cooperation. if this is true, then the financial system paypal and bitcoin will be a system that is immense.

If this is true, then paypal is not treating bitcoin as threat anymore. And I think their management is able to accept the fact that the bitcoins transaction system is going to kill their service in the future once bitcoin has been adopted all over the world. Even though the users are still limited then that might decreased their sales.

[iv4n]

They are another type of service, on their site it`s written:
"Make a payment online or with your mobile.
Make a payment in exchange for goods and services without sharing your financial information with the seller."
PayPal is not exchange site, and they are not shop. They are just service for money transferring. If you see what are they doing it`s same as bitcoin, you can make online payments with bitcoin, from mobile also. Why would they ever accept bitcoin? Better question is why bitcoin needs paypal? What can paypal do for bitcoin, when bitcoin already have a network for sending and receiving bitcoins, making payments, wallets..

[ashiqdey]

i have lot of problems while depositing money paypal because they didn't verified my email and pan card so I can't use my bank account for money transfer. But it would be a boon for me if PayPal accept bitcoin as a payment. and also it would be easy to add money to PayPal.

[gulachov]

I have used eBay for 11 years. Every time they came up with new idea or policy restriction I was telling myself - time to move out. With shipping, PayPal fees, eBay fees, whatever you resale -> add 20% for them, and there are so many restrictions now, only buyer is protected. So I finally did it. Installed OpenBazaar today, took AWS on amazon for a year free and fallowing manuals (0 to none programming skills) got it working in an hour or so. Planning to gradually filling it up with thousands of items I have laying around. Will anyone buy them? I am pretty sure not too soon. But what do have I to loose? Time? eBay charges me $70 a month for 300 items listed. I would rather invest my Time in the future. #F-KeBay #F-KPayPal.

[Rostadom]

I guess one of the reasons why Paypal doesn't accept bitcoin as payment because the two of them can never be mixed together. They are two different payment methods that doesn't share the same concept. Paypal has the buyer protection policy where you can easily dispute any payment. Scammers abuse that feature and invent reasons just to make their money go back to them after having a successful deal. You can't do that in bitcoins. You can't revert a payment in bitcoin.

[croutonhexagon]

Wow it's a boon for us. Because while doing bank transfer i face many problems and if they really accept bitcoin then my life would become easier because. While i transfer bitcoin from my wallet to bank account i loss many part of it by transaction fees and wine adding money from bank account to PayPal then also they cut service chargebut if I could do that same task by with bitcoin then it would be of double profit for me.

[Taki]

Yeah it is going to be very comfortable for us when PayPal will start finelly accept bitcoins. I am also waiting for that moment cause of I making lot of transactions on that service. Maybe exactly now PayPal's specialists are adopting the service for bitcoins. or maybe thery have their own reasons why they still don't accept bitcoins as payment. As I know you can write to the service manager and to ask them directly about their plans to Bitcoin