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Author Topic: Why PayPal does not like BitCoin sellers?  (Read 2788 times)
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December 05, 2016, 07:30:38 PM
 #21

I always thought that paypal saw bitcoin as a rival to their business model so they would not or will never accept it for any reason whatsoever.

But paypal can see that it is losing out by not doing this so they might come out with their own digital payment token or something with conjuction with amazon payments.
Who knows only time will tell.

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December 06, 2016, 06:26:31 AM
 #22

PayPal will never allow BTC simple words .. whatever you do or whatever honesty you show with PayPal . Cause BTC is big competitor to them now and also anonymous and they never allowed exchange from first , the solution is that open business PayPal and send some [ blank envelope ] documents to your customer via physical mail to their confirmed PayPal address , add this cost into your exchange rate and this is the only way you win almost 99% chargebacks with PP . At least what i experience so far over 10 years ..  Smiley

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December 10, 2016, 02:12:19 PM
 #23

because bitcoin payments can't be reversed easily,thats why
Paypal is well known for reversing payments if disputed but its hard to do that with bitcoins
plus they are afraid of bitcoin taking their market share

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December 13, 2016, 01:51:07 AM
 #24

probably because paypal using government regulations, companies prefer to play it safe, if paypal choose and accept BTC, there may be a threat in some countries

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December 13, 2016, 01:12:16 PM
 #25

Paypal is controlled by the US government, and it is impossible to to trace Bitcoin and take it taxes. Until the government will not take control of cryptocurrency, it will not be officially exchange them.

I will want to agree with you on this because from the way I see it, no matter how Paypal try to sugar coat it, they still see Bitcoin as a threat to their dominance and even with their strict policies and accepting Bitcoin, they are gradually sending themselves out of Business. Another way again is there is no how that we cant see the element of Government hands in the hostile relationship metted out on traders using Bitcoin...

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December 13, 2016, 03:31:23 PM
 #26

even if PayPal loves bitcoin, the banks they depend on certainly don't.

why would they risk the very core of their business for a few extra grand per week?

on top of that I assume previous bitcoin transactions often ended up in charge backs and screaming. that ties up staff and costs them money.

way better for them to reject it completely. they are not anyone's friend or interested in a new system's growing pains.
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December 15, 2016, 04:54:25 PM
 #27

because bitcoin payments can't be reversed easily,thats why
Paypal is well known for reversing payments if disputed but its hard to do that with bitcoins
plus they are afraid of bitcoin taking their market share

This is one of the best answers simply because of PayPals reversal and disputing rules.  For sellers it is a terrible rule and often times we have no recourse, for the buyer it is great.  I am thinking that PayPal backs away from Bitcoin because they cannot reverse the payments.

The other reason, and a big one, is that Bitcoin is direct and imminent threat to Paypal.  I cannot see them being friendly to Bitcoin anytime soon unless they are backed in a corner.

I love Bitcoin
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December 23, 2016, 08:09:10 AM
 #28

probably because paypal using government regulations, companies prefer to play it safe, if paypal choose and accept BTC, there may be a threat in some countries
I've been using paypal, if I notice, paypal always follow rules of the government, making it look a lot of rules. I've heard that paypal clients are required to attach the tax report. This we can see that there have been many banks that accept paypal.
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December 23, 2016, 09:27:21 AM
 #29

because paypa open feature disputer
after you buy bitcoin use paypal, you can disputre and then your balance paypal can back again
so seller bitcoin not want is lost bitcoin
and paypal not support bitcoin, so you can't appeal

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December 23, 2016, 11:50:35 AM
 #30

I try to sell BTC and stuff on ebay.

I got like 80% credit card scammer.

So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.

The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.

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December 23, 2016, 12:44:07 PM
 #31

I try to sell BTC and stuff on ebay.

I got like 80% credit card scammer.

So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.

The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.

My 2 Cts,
You shouldn't even started with them. Definitely not in p2p fashion. Bitcoin users are always in bad spot when dealing with old school payment processors (credit card, PayPal users)
And I thought that selling cryptocurrency on eBay or PayPal is against their TOS in the first place - as they can't help with any dispute crypto users might have when something will go wrong.
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December 23, 2016, 02:37:23 PM
 #32

I try to sell BTC and stuff on ebay.

I got like 80% credit card scammer.

So a PayPal case is open, and the real owner of the credit card is refund, and your bitcoin are gone to the scammer.

The think with PayPal is this 180 days protection for the buyer, how a seller can handle to have his money unsure for 6 months !!! This is insane, I'm done with PayPal.

My 2 Cts,
You shouldn't even started with them. Definitely not in p2p fashion. Bitcoin users are always in bad spot when dealing with old school payment processors (credit card, PayPal users)
And I thought that selling cryptocurrency on eBay or PayPal is against their TOS in the first place - as they can't help with any dispute crypto users might have when something will go wrong.

Well ebay did create a category named "virtual currency" and some sub category.
http://www.ebay.com/sch/Virtual-Currency-Miners-and-Contracts/179197/bn_1650086/i.html


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December 16, 2017, 06:48:20 AM
 #33

I always thought that paypal saw bitcoin as a rival to their business model so they would not or will never accept it for any reason whatsoever.

But paypal can see that it is losing out by not doing this so they might come out with their own digital payment token or something with conjuction with amazon payments.
Who knows only time will tell.
The reason paypal does not accept payment with bitcoin in my opinion is very reasonable. Paypal is just a tool for payment and accepting payment, NOT FOR INVESTMENT. Whereas if they accept bitcoin as payment, the price already in the peg is fitting but the bitcoin exchange rate is down / up, it will only add to the problem only. Because we know, crypto currency will never stabilize.

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December 16, 2017, 01:37:22 PM
 #34

Because Paypal is run by thieves who will forcefully destroy your financial life when a criminal asks them to back charge you for work you actually did, and can prove  you did; but Paypal doesn’t care… The same isn’t true for BitCoin where that isn’t possible.So, the answer is that Paypal can’t keep up with BTC because BTC is made for truth and clarity; Paypal is just another thieving bank!!!

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December 16, 2017, 02:50:30 PM
 #35

Because Paypal is run by thieves who will forcefully destroy your financial life when a criminal asks them to back charge you for work you actually did, and can prove  you did; but Paypal doesn’t care… The same isn’t true for BitCoin where that isn’t possible.So, the answer is that Paypal can’t keep up with BTC because BTC is made for truth and clarity; Paypal is just another thieving bank!!!


I support you. But I thought that after the emergence of bitcoin PayPal to splurge. It's amazing that they still exist. Perhaps in this world a lot of people who think otherwise and continue to use their services. After problems with the transaction price of bitcoin will be solved such as PayPal will not.

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December 16, 2017, 07:53:42 PM
 #36


Obviously because bitcoin is a threat to PayPal .
Since the popularity and value of Bitcoin has risen , it has started affecting the market of many exchanges including PayPal . PayPal is very complicated in terms of attaching your bank details , verifications and so on which makes Bitcoin easy to use and operate without any questions and taxes other than the miner fees .
That is why PayPal may never be able to accept bitcoin as its mode even though that will positively influence PayPal.                       

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December 17, 2017, 06:35:55 AM
 #37

If your payment is anonymous you can pay through bitcoin instead of paypal.If someone is asking you for payment through bitcoin than you cannot go for chargeback or refunds.Bank will not be responsible for the payment you made through bitcoin
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December 17, 2017, 12:20:09 PM
 #38

Because paypal and bitcoin have similar functions but in the case of bitcoin transaction costs much cheaper than paypal and bitcoin have more value for example bitcoin can be a very profitable investment, bitcoin also provides convenience in transactions between countries so that paypal feels will be dropped by bitcoin . and it happens the competition between paypal and bitcoin.

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December 17, 2017, 01:04:23 PM
 #39

Really I sell my Bitcoins all the time to Paypal with  my coinbase account and it's less a hassle then with my bank in fact i did a instant sell to paypal a few hours ago.They work properly.
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December 17, 2017, 01:10:54 PM
 #40

I always think about that that paypal saw bitcoin as a rival to their business model so they would not or will never accept it for any reason whatsoever.
Who knows only time will tell
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