Who is winning the Race - Bitcoin or Paypal?

[eternalgloom]

Many say that paypal is the best payment processor, but, paypal can not or very difficult to use to play gambling. Well, paypal limits its members to some things.

I am not seeing any gambling sites are accepting PayPal as scammers may file chargeback once they finish up their works with the gambling site. Only very sites are allowing its members to withdraw using PayPal, most of them not allowing for adding money for bankroll.

Considering the advantages and problem free nature of bitcoins, both gamblers and gambling houses are enjoying more benefits compare to the case of adopting PayPal payment system.

Using PayPal as your payment processor for your gambling service is not easy.

You need to be be located in jurisdiction where gambling activities are legal and you have to verified by PayPal.

And the most important:
"PayPal allows approved gambling merchants to use our service in certain jurisdictions where gambling activities are legal.
To be approved by PayPal, merchants must demonstrate to PayPal's satisfaction that they have the ability to block gambling activities for account holders in the U.S. and any jurisdiction where gambling activities may be illegal".

Source: https://www.paypal.com/us/selfhelp/article/What-gambling-activities-does-PayPal-prohibit-FAQ915

So basically casino needs to prove that they can ban anyone they choose

If you look at the post above yours, that's almost what I said and i even think that the TOS was even stricter in the past.
The only gambling websites that I've seen that offer Paypal deposits are in Belgium and they have very strict regulations for accepting players from other countries.

[Winner]

This is a strange comparison for anyone especially this bitcoin news site to be making since they are completely different in how they work. And the only thing that connects them in their business is a remittance of payments and receiving them. Nothing more really.

Right, there is no real competition between the two because Bitcoin has the potential of getting larger within the gambling area instead of PayPal. Gambling with PayPal won’t get that large because of the laws that are placed within different Countries and States, if they wanted to operate and work with Casino’s then they would have to have a bunch of patience –patience means money to them and spending money on something that they feel that they don’t have to is out of the question.

[MinerHQ]

This is a strange comparison for anyone especially this bitcoin news site to be making since they are completely different in how they work. And the only thing that connects them in their business is a remittance of payments and receiving them. Nothing more really.

Even payment transactions are not same because in PayPal you no need to though with any escrow because buyers are auto protected in their system but if you want to send payment to an unknown person using bitcoins, then you must need to go through the escrow service which adds additional fee and delays transactions. But still, both can use to send and receive money with a different process.

[youdacapt]

This is a strange comparison for anyone especially this bitcoin news site to be making since they are completely different in how they work. And the only thing that connects them in their business is a remittance of payments and receiving them. Nothing more really.

Even payment transactions are not same because in PayPal you no need to though with any escrow because buyers are auto protected in their system but if you want to send payment to an unknown person using bitcoins, then you must need to go through the escrow service which adds additional fee and delays transactions. But still, both can use to send and receive money with a different process.

Paypal transactions a few years ago to get into trouble as experienced by libertyreserve and it has an effect that hasn't been able to recover the present from its users, VCC card is also still free to be traded so it is still prone to be used for money laundering, Peter Thiel also has recognized respect for bitcoin because growth faster than paypal, and I think no defeat experienced by paypal because the owner has been appointed as a budget staff in US government.

[Schuyler]

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/

Why is bitcoin being compared with paypal and the paypal with bitcoin? They have their respective services and advantages. So far, we are using bitcoin for our everyday transactions, because of its services and we've been using it for some time now. Bitcoin and paypal have the potential to expand their services to facilitate transaction for customers on each service they use.

[DMC_Ken]

BITCOIN will win and it's easy to use it than paypal.

[milewilda]

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/

We are on bitcoin forum then its indeed bitcoin would really be the winner here when it comes to accesibility and anonymity of transactions but i would skip on the fees as of now because it becoming a problem for most bitcoin users which fees are already high but still much better on paypal fees which we know it really high.Bitcoin might not be still popular like paypal but soon it would really surpass it.

[rainingbitcoins]

At a moment I think paypal is at top as it exists since long time and it also has more users in compare to bitcoins but in future bitcoin will surely take over paypal when it will become more popular among the people.

[ilovefeetsmell]

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/

Bitcoin always on top among others. Bitcoin is always the best that I've ever known. It can't beat by other creations like digital coins or even PayPal. Bitcoin has the special characteristics than others. It can be used in a payment transaction, paying people for the job done, bills and etc. You can get bitcoin anywhere and cash it out into fiat money. It was very helpful to us to make our life easy. Just make it happen then it may happen.

[Caladonian]

At a moment I think paypal is at top as it exists since long time and it also has more users in compare to bitcoins but in future bitcoin will surely take over paypal when it will become more popular among the people.

well indeed after btc reach and convince more businesses to use the service as a payment methods it will win this race we just needed to wait for all the correction with some concerned regarding to this system and after that for sure people will notice the easy way to transact and bitcoin will go and rise up high after that.

[Barcode_]

Bitcoin does have advantages over Paypal in transaction as the receiver does not need to worry about getting charge-back from the sender on the funds, another advantage would be the choice to remain anonymous as Paypal does need the person to verify their account on a certain amount of transaction volume.

But as Bitcoin miner fees gets higher for every transaction sent, I think the advantage of transaction fees on Bitcoin over Paypal might be gone should the miner fees continue to rise.

[JL421]

It is obvious that bitcoin has the advantage of gambling over paypal as bitcoin doesn't have any sort of terms and conditions on it while receiving payments. It is a form of a currency which can be controlled by it's users only. If you see on other hand paypal is like a registered verified online payment system so it will surely have to follow the rules and can't just allow gambing with it funds

[fullypak]

At a moment I think paypal is at top as it exists since long time and it also has more users in compare to bitcoins but in future bitcoin will surely take over paypal when it will become more popular among the people.

well indeed after btc reach and convince more businesses to use the service as a payment methods it will win this race we just needed to wait for all the correction with some concerned regarding to this system and after that for sure people will notice the easy way to transact and bitcoin will go and rise up high after that.

Yes we have to see a lot of improvisation in bitcoin once all the bugs fix and people are using this bitcoin without getting issues then people start to accept bitcoin as payment. Now in online business yes more people use the only PayPal because it is very old payment method and it becomes popular in the online market. They will give customer support also that is why in present situation PayPal is strong. But in future Bitcoin will replace PayPal.

[Duzter]

When bitcoin and PayPal are compared one over the other one could find lots of differences. Personally PayPal serves to be a transaction portal whereas bitcoin serves itself as a currency network and as a payment portal. Now this has found its need in other investments and related platforms, So bitcoin wins the run though PayPal is highly popular all around.

[raymond541]

Obviously bitcoin win !!!
no one can block your account,no one have control over your money your wallet on your hand, anonymous no one can identify you,fees are very low.
beside paypal have more restriction,verification,suspicious,hold your money,block your account and there have lots of problems.

 

[iluvbitcoins]

Obviously bitcoin win !!!
no one can block your account,no one have control over your money your wallet on your hand, anonymous no one can identify you,fees are very low.
beside paypal have more restriction,verification,suspicious,hold your money,block your account and there have lots of problems.

 

The only current flaw with Bitcoin is you can't send small transactions without enormous fees

On a further note, wait, why the hell is this in the gambling section? 

[iram3130]

Obviously bitcoin win !!!
no one can block your account,no one have control over your money your wallet on your hand, anonymous no one can identify you,fees are very low.
beside paypal have more restriction,verification,suspicious,hold your money,block your account and there have lots of problems.

 

The only current flaw with Bitcoin is you can't send small transactions without enormous fees

On a further note, wait, why the hell is this in the gambling section? 

Thought the same thing, I think the OP has compared Bitcoin and PayPal with respect to gambling.
I don't think PayPal has any competition against Bitcoin in the gambling world. Bitcoin is like perfect for gambling.

[yoseph]

With the emergence of Bitcoins and age of cryptocurrencies, Paypal has a lost it edge and thats very good too. Paypal was limited to a lot of African countries due to fraud and that made it impossible to do certain things online, but with the emergence of bitcoins, its very easy. Bitcoins wins by a massive margin.

[iluvbitcoins]

Obviously bitcoin win !!!
no one can block your account,no one have control over your money your wallet on your hand, anonymous no one can identify you,fees are very low.
beside paypal have more restriction,verification,suspicious,hold your money,block your account and there have lots of problems.

 

The only current flaw with Bitcoin is you can't send small transactions without enormous fees

On a further note, wait, why the hell is this in the gambling section? 

Thought the same thing, I think the OP has compared Bitcoin and PayPal with respect to gambling.
I don't think PayPal has any competition against Bitcoin in the gambling world. Bitcoin is like perfect for gambling.

That's completely true

Reversable, trackable, , taxable, public PayPal will never be able to compare to bitcoin gambling

[kpcian]

Haha.. funny racing game...
Obviously Bitcoin will be the winner, if you want to compare with recent performance then there is no way to win of Paypal, Bitcoin is getting day by day acceptable and credible in everywhere. Many countries as well as private sectors are going to allow it as a payment tools.so Bitcoin obviously ahead of Paypal...