Who is winning the Race - Bitcoin or Paypal?

[maydna]

i am confident to say that bitcoin is the winner the race because bitcoin have many benefits than paypal. we can have bitcoin for free without any fee, we can manage bitcoin from our own, we don't have to worried that we can get limitation like in paypal, we can send our balance into many wallet and it is different than paypal that we can not have more than 2 account with the same names.

there are too many benefits from bitcoin that can not compare with paypal and i think bitcoin is the next payment gateway that will be use by many people.

[chaser15]

How the hell people compare bitcoin to Paypal. They are 100% different as bitcoin is currency and Paypal is a company. Can bitcoin do all Paypal services without a company?

Compare Paypal to other bitcoin exchange such as Coinbase, XAPO etc. No doubt that Paypal is still dominant to those bitcoin exchanges since bitcoin are mostly used to buy and sell and to take profits.

there are too many benefits from bitcoin that can not compare with paypal and i think bitcoin is the next payment gateway that will be use by many people.

Those benefits are vary because you will used bitcoin exchange here to make transact of bitcoin.

[ralle14]

Bitcoin and Paypal are two entirely different things. How about Cubits, Bitpay and Paypal?


(edited. Cubits is similar to Paypal than Coinbase.)

Exactly. Much better to compare them to a payment provider like cubits.
Bitcoin is definitely winning for me in terms of gambling because paypal prohibits gambling activities in US and other places where gambling is illegal.

[_nur]

fiat on ripple... really

bitcoin long confirmation? Zzz...

[ShodanEnkidu]

Yes, Paypal has buyer protection, but its very expensive... On long term bitcoin

[lite]

Bitcoin will outrun payal and win the race lol, all we need is faster and lesser transaction fees. lightning network launch will probably help us achieve that.
btw shouldn't this thread be in bitcoin discussion?

[cengsuwuei]

As an online payment platform, Bitcoin appears to have all the advantages over Paypal, making it hot for the online gambling world too.

Read more: https://bitcoincasinos.reviews/bitcoin-is-winning-the-popularity-race-against-paypal/

Before paypal is the choice of those whobare earning and spending money online,but when bitcoin step on floor ,everyone amaze of what it can do. Bitcoin is flexible easy to use,accept by almost all  online store today but the good part is bitcoin  is anonymous.

paypal is only payment procesor, you only can send or receive payment use paypal
you can't get earning use paypal, diference is bitcoin can up and down price, so if bitcoin price up you can get earning is hold bitcoin

[tabas]

Yes, Paypal has buyer protection, but its very expensive... On long term bitcoin

That buyer's protection are killing the sellers and that's why some of them are now migrating into bitcoins. And we already know the answer since we are here in a bitcoin forum. Bitcoin itself is winning the race for this although it should be compare with exchanging sites as ndnh said. The advantage of it are already there.

[Finestream]

Definitely it is bitcoin who is winning the race, bitcoin is new but it is overtaking paypal as the best payment processor online.
Imagine how big the gambling industry online, and most of them are already using bitcoin now due to it's very unique and valuable function, they can gamble without giving their important information and I am speculating that more people will adopt and bitcoin will continue to be popular in the years to come.

[hurain]

Definitely it is bitcoin who is winning the race, bitcoin is new but it is overtaking paypal as the best payment processor online.
Imagine how big the gambling industry online, and most of them are already using bitcoin now due to it's very unique and valuable function, they can gamble without giving their important information and I am speculating that more people will adopt and bitcoin will continue to be popular in the years to come.

i think bitcoin already overtake paypal. because not bitcoin is can be use for sending money more easy than paypal. additionally bitcoin also providing so many other services that bitcoin cannot provide us. like to we can use bitcoin for trading  and investment, where as paypal can only be use for transaction and payment purpose. bitcoin itself is a currency, whole paypal not not currency, a lot of paypal users are now using bitcoin for transaction and payment method.

[bering]

actually paypal already popular when bitcoin still growth but only in the next few years bitcoin run with very fast and through paypal from popularity side and indeed one of the factor why people more likely choose bitcoin rather than paypal because bitcoin have feature which paypal doesn't have anonymity and once again that bitcoin could use almost all gambling sites in the world but paypal doesn't able to do that

[mkmdoc]

Bitcoin and Paypal are two entirely different things. How about Cubits, Bitpay and Paypal?


(edited. Cubits is similar to Paypal than Coinbase.)

Even i am thinking the same because both entity has different view, Bitcoin is not an exchange, where as paypal does the exchanges. Paypal has many legal formats which we need to satisfy in order to get payments from them. Bitcoin is completely digital asset where we can invest into bitcoin, there is no mediator for bitcoin.

[erikalui]

The reasons given for supporting Bitcoin over PayPal are vague.

Bitcoin is universally compatible, and can be accessed in all over the world, provided there is an internet connection. However, with PayPal there are at least 50 or more countries that do not have support its online payment system.

It's the case that bitcoins are not recognized or legally accepted by the universe as compared to PayPal which is legal. There's a huge difference when the Reserve Bank of a country accepts this payment mode while doesn't legalize bitcoins.

Another statement:

PayPal still manages to charge its customers 2.9% plus $0.30, and 2.5% foreign exchange fees on each transaction. Meanwhile, most bitcoin systems charge a 1% fee for converting bitcoin into any local currency.

Bitcoins are heading towards charging more fees than PayPal. With a fixed fee of 100 satoshis per byte, the cost to confirm each transaction would be based in terms of bitcoins and not a local currency. In case of PayPal, the amount of USD doesn't fluctuate to that extent as it's stable. People have ended up paying $0.5 for a transaction of $10 which is almost same or more than what PayPal charges.


Regarding gambling and regulation, I agree that taxes apply with fiat and bitcoins have been able to help users save these taxes but ultimately when we convert it to our local currency, the taxes do apply. Gamblign is anyways not legal in many countries.

[milewilda]

Regarding this matter theres no questions asked here because the users of it speaks for itself.One day paypal would really end its service when bitcoins adoption and awareness would be on its fullest.For now theres still using paypal because of some advantages because its regulated by the government and some people do really love to use it specially to those who don't have any idea about bitcoin.

[adroitful_one]

Paypal is working on a deal with Amazon right now. It's going to be a very long time before they go anywhere.

[sulendra12]

If we're talking about gambling industries, Bitcoin is a winner and use Paypal as a payment method is highly prohibited because using Paypal members can easily dispute their money and get back their money. While using Bitcoin you can stay anonymously and make a bet after deposit.

[Caladonian]

If we're talking about gambling industries, Bitcoin is a winner and use Paypal as a payment method is highly prohibited because using Paypal members can easily dispute their money and get back their money. While using Bitcoin you can stay anonymously and make a bet after deposit.

that's the advantage of bitcoin when we dealt with gambling we can play easily without any trace unlike paypal we needed to provide personal information for us to able to us the service and as we knew most gamblers really wanted to be anonymous and safe aside from making it easier to place their bets too.

[FrueGreads]

As an online payment platform, Bitcoin appears to have all the advantages over Paypal, making it hot for the online gambling world too.

Read more: https://bitcoincasinos.reviews/bitcoin-is-winning-the-popularity-race-against-paypal/

Well PayPal is accepted in so many places and shops etc, that is still way ahead. Bitcoint is great for the gambling world, but for normal shopping it still has a long way to go I guess. Site like neteller are using it, and that is good, but it's still not enough.

[Fireblade]

As an online payment platform, Bitcoin appears to have all the advantages over Paypal, making it hot for the online gambling world too.

Read more: https://bitcoincasinos.reviews/bitcoin-is-winning-the-popularity-race-against-paypal/

Well PayPal is accepted in so many places and shops etc, that is still way ahead. Bitcoint is great for the gambling world, but for normal shopping it still has a long way to go I guess. Site like neteller are using it, and that is good, but it's still not enough.

but to me i think for online payment where you have the choice of paypal there you can even see the bitcoin option now. i think almost all the big store are now offering bitcoin for payment. although paypal is present in most fo the countries but still there are some countries where paypal service is not present. while bitcon  is present everywhere.

[avatar_kiyoshi]

Bitcoin uses is the easiest payment processor compared with any services. Provided easy to used and don't have complicated terms, the terms itself build by users.

PayPal have a complicated approval for online gambling, you can read here: https://www.paypal.com/us/selfhelp/article/What-gambling-activities-does-PayPal-prohibit-FAQ915
Actually that's natural for centralized services, they name and reputation be staked.
Instead the easiest method bitcoin have will be the bad side, because there's no guaranteed your funds will safe into online gambling company because it's not thru the "terms of approval", it's back to personally and need to be more careful to dealing with someone or company.