Who is winning the Race - Bitcoin or Paypal?

[maydna]

Paypal has buyer protection, Bitcoin not. But Bitcoin will win, as it is decentralized and everyone is his own bank.

Yes, paypal is has a big advantage on security and protection. But for transaction and fee, i rather choose bitcoin than paypal. Bitcoin have a small fee than paypal if you use it for big amount of money transaction and the anonymous if the most reason i use bitcoin.

Obviously that bitcon is going to win in this race because bitcoin has a small fee compared to paypal. Yet, though paypal had a advantages on security but bitcoin have an advantage that paypal never had like bitcoin is anonymous so that government cannot manipulate it and it means no tax...the other one is bitcoin has a unstable price and it means that it has a possibility to turn into enormous price that might doube your money.

if we are talking about the fee then bitcoin is a winner depend on paypal because the fee for make a transaction in bitcoin is really to small and i think every one which using bitcoin is no problem with the fee. paypal have a high level security but sometimes, paypal makes something wrong like freeze the account without any notice like what i've got in the past. and with bitcoin, i think bitcoin have many value that could help users to manage and control their bitcoin directly without having sending their personal identifications.

[richsoon]

There is no race cause both serve different purposes, some people seem to think bitcoin is competiting against USD, others say its against paypal and others still think its against gold. In reality everything has its own purpose and none can replace the other.

[passwordnow]

There is no race cause both serve different purposes, some people seem to think bitcoin is competiting against USD, others say its against paypal and others still think its against gold. In reality everything has its own purpose and none can replace the other.

Yeah I don't understand why people are keep on comparing bitcoin and paypal. They are both providing good service to all of us and yet they are different in terms of accepting payment or processing money. Bitcoin is for bitcoin and paypal is for USD transactions and directly depositing to our bank accounts.

[szpalata]

There is no race cause both serve different purposes, some people seem to think bitcoin is competiting against USD, others say its against paypal and others still think its against gold. In reality everything has its own purpose and none can replace the other.

I totally agreee with you, there's no competition and besides they both use different technologies and so comparing them really limits the argument to the number of users on both platforms and with that we could say PayPal has more people using annually than Bitcoin but it doesn't make it a better payment processor than Bitcoin.

[FasTroy]

There is no race cause both serve different purposes, some people seem to think bitcoin is competiting against USD, others say its against paypal and others still think its against gold. In reality everything has its own purpose and none can replace the other.

Yes, I agree with you. Each currencies,whether digital or real one, have their own purpose. So i think there is no race when we talk about bitcoin or paypal because Each one serve different purposes like you said.

[Lancusters]

t the moment, PayPal more competitor than Payza bitcoin. They have a completely different customer. Bitcoin is more speculative platform and PayPal and Payza is more designed for the purchase of goods for dollars. In the future this situation may change, but there it is.

[HongKong]

It's not just one race, it's different types. In the race for the best solution to store value, Bitcoin is certainly winning. To make payments online, PayPal is winning this one.

Right, though in the terms of gambling payments Bitcoin is the leading payment system that people would use when gambling online. PayPal does not have a chance against Bitcoin in this field since PayPal monitors pretty much every transaction that exceeds $0.05 that goes through their website.
PayPal likes acting as a bank so they should be treated as a bank and that's why they are losing the payment system race.

[milewilda]

There is no race cause both serve different purposes, some people seem to think bitcoin is competiting against USD, others say its against paypal and others still think its against gold. In reality everything has its own purpose and none can replace the other.

Yes, I agree with you. Each currencies,whether digital or real one, have their own purpose. So i think there is no race when we talk about bitcoin or paypal because Each one serve different purposes like you said.

They do really differ because Paypal is been used already for how many years when it comes to online payment transactions and other services but bitcoin do have some simmilarities which can give more even better service the lacking on here is on its adoption and awareness of people because once they would find out if how good to use bitcoin in terms of payment then for sure they would change their minds.

[ufaiz50]

There is no race cause both serve different purposes, some people seem to think bitcoin is competiting against USD, others say its against paypal and others still think its against gold. In reality everything has its own purpose and none can replace the other.

Yes, I agree with you. Each currencies,whether digital or real one, have their own purpose. So i think there is no race when we talk about bitcoin or paypal because Each one serve different purposes like you said.

I'm also a little confused as to why people always compare those who basically have different purpose. although in this case bitcoin is superior because of anonym bitcoin transactions and some gamblers prefer anonym for some reason. but paypal can also be superior to bitcoin in some things.

[el kaka22]

There is no race cause both serve different purposes, some people seem to think bitcoin is competiting against USD, others say its against paypal and others still think its against gold. In reality everything has its own purpose and none can replace the other.

Yes, I agree with you. Each currencies,whether digital or real one, have their own purpose. So i think there is no race when we talk about bitcoin or paypal because Each one serve different purposes like you said.

I'm also a little confused as to why people always compare those who basically have different purpose. although in this case bitcoin is superior because of anonym bitcoin transactions and some gamblers prefer anonym for some reason. but paypal can also be superior to bitcoin in some things.

If PayPal was introduced after bitcoins, probably people will never mind it. PayPal gained some popularity when there was literally no competitions against it. But bitcoin is becoming popular and the volume of bitcoin transactions must have out number PayPal's at least in gambling/casino industries. I guess these are enough reasons to compare these two payment processors.

Bitcoin must be more preferable for gambling house owners rather than gamblers. Because bitcoin is coming with free of charge backs whereas scammers easily cheat houses with paypal payments. At the same time, gamblers enjoy many benefits by using bitcoins for their gambling.

In my opinion, bitcoin must have won this race some long back itself. We cannot ignore the contributions from gambling sites on helping bitcoin to get spread and the contributions for price surges too.

[crwth]

There are many advantages concerning whether Bitcoin is better or Paypal. There are things that you would consider regarding how much you are comfortable with the form of payment. Bitcoin is the main currency itself, and not something like Paypal who would connect you to your bank and that's where the money from Paypal to pay for your purchases or something like that. It would be considered as a thing that could go hand to hand.

[BitcoinzB]

The main difference is that bitcoin being decentralized, you are your own bank. There's no risk that someone else feels like you did something wrong, resulting in closure of your account. Both are online payment methods yes, but paypal having global acceptance makes it on the lead right now; in a near future bitcoin will surely be the winner if you consider all what it has to offer.

[MinerHQ]

The main difference is that bitcoin being decentralized, you are your own bank. There's no risk that someone else feels like you did something wrong, resulting in closure of your account. Both are online payment methods yes, but paypal having global acceptance makes it on the lead right now; in a near future bitcoin will surely be the winner if you consider all what it has to offer.

But I don't think bitcoin in any near future can beat the Paypal payment processing system. Because first Paypal gives a full protection to the buyers so buyers can buy from any unknown person without worrying much. But with bitcoin, you have to go through with escrow which makes buying process slow and also now for smaller transactions bitcoin fees are very expensive and it is no more economical to send money through bitcoins.

[marlboroza]

The main difference is that bitcoin being decentralized

No, main difference is that paypal has strict rules about gambling - in case you missed it: https://bitcointalk.org/index.php?topic=1771195.msg18713382#msg18713382

There's no risk that someone else feels like you did something wrong, resulting in closure of your account.

You are wrong. Almost every gambling site has rule about money laundry, if you do something wrong don't be surprised if they close your account.
Also, if you win larger amount of money many sites will ask you for personal information - so you can tell your anonymity goodby.

[Juggy777]

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 handsdown paypal is obsolete and does nothing and it's has lots of problems associated with it, plus the reversals is a major problem when doing any transactions in it. Then suddenly it blocks account or just deletes the information, and on top of it I don't feel the data is secure cause you keep on getting spam emails, where as Bitcoin works fast, identity safe and simple and easy to use.

[PokerFace3]

The main difference is that bitcoin being decentralized, you are your own bank. There's no risk that someone else feels like you did something wrong, resulting in closure of your account. Both are online payment methods yes, but paypal having global acceptance makes it on the lead right now; in a near future bitcoin will surely be the winner if you consider all what it has to offer.

But I don't think bitcoin in any near future can beat the Paypal payment processing system. Because first Paypal gives a full protection to the buyers so buyers can buy from any unknown person without worrying much. But with bitcoin, you have to go through with escrow which makes buying process slow and also now for smaller transactions bitcoin fees are very expensive and it is no more economical to send money through bitcoins.

PayPal will provide protection and will freeze your funds too, do you really think PayPal will survive against the competitions provided by bitcoins. I do not think so. PayPal will get replaced by bitcoin payments system when we will be solving block sclalability issues. At least from gambling industry Paypal will get replaced for sure.

In the race for gamblers, I believe bitcoin has already conquered PayPal with its friendly and fast transaction nature. (friendly in the sense not rude how PayPal is doing with charge backs and freezing funds/accounts).

[krisnt80]

At the moment big players are able to trade with bitcoins without being traced, something paypal has a lot rules like the most exchanges, requiring documents. If the question is about volume i still believe paypal has the biggest, due to merchants not accepting bitcoin as payment yet. The most transactions at bitcoin are the blocks mined transfered to another accounts.

[Winner]

t the moment, PayPal more competitor than Payza bitcoin. They have a completely different customer. Bitcoin is more speculative platform and PayPal and Payza is more designed for the purchase of goods for dollars. In the future this situation may change, but there it is.

Payza is much better than PayPal though, since Bitcoin transaction were used in Payza (I am not so sure if they are anymore) the potential of Payza getting popular is better than PayPal in the gambling area. PayPal been around for a very long time and the people that use it already know that they can’t rely on their PayPal account to stay active when they have incoming transactions from some sort of online casino.