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Author Topic: PayPal's Stance on BitCoin Sales  (Read 5072 times)
Noone1
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May 05, 2013, 06:17:58 AM
 #21

Pfft, PayPal will never have Bitcoin integration, irreversible transactions = massive potential for fraud.
MiningUnited (OP)
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May 05, 2013, 06:23:21 PM
 #22

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Pfft, PayPal will never have Bitcoin integration, irreversible transactions = massive potential for fraud.

This goes will all merchants, eBay, Amazon, etc.
Lorren
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May 06, 2013, 04:45:38 AM
 #23

I get paid through Paypal, so if they integrated with Bitcoin, then perhaps I could just withdraw whatever USD I needed to the bank account, and send the rest to my bitcoin wallet.  Saves me the trip to the middleman.

BitcoinLove Bitcoin products on Zazzle.
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utuxia
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May 06, 2013, 05:11:46 AM
 #24

PayPal has always been about the buyer, not the seller. They will do whatever it takes to get a buyer to use paypal. and in a lot of cases, that means screwing over the seller, whether fair or not.
jasondrey13
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May 06, 2013, 05:23:14 AM
 #25

Pfft, PayPal will never have Bitcoin integration, irreversible transactions = massive potential for fraud.

In what way? Fraud by buyers or sellers?
utuxia
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May 06, 2013, 05:25:39 AM
 #26

They said publicly recently that PayPal is looking at Bitcoin as a funding source. That doesnt' mean they'll handle BTC transactions from user to user.
jamesnine
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May 06, 2013, 06:03:50 AM
 #27

I hope it happens; Paypal is an internationally recognized brand.
tuneman1980
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May 06, 2013, 02:31:23 PM
 #28

I hope PayPal gets friendly with BTC.  That sure would improve the BTC adoption rate.

http://cryptocoinstats.com/

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MiningUnited (OP)
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May 06, 2013, 03:05:53 PM
 #29

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In what way? Fraud by buyers or sellers?

Fraud can go both ways, but it is most likely the buyer. The buyer can receive the BitCoins and then file a charge-back say they never got them. The seller could just never send them, if the buyer paid as a 'gift' or there was nothing in the notes saying it was for 'e-currency or bitcoins' then they seller could say it was a 'service'.
frobley
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May 06, 2013, 08:10:09 PM
 #30

but if they came up with some kind of escrow service
applejack7
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May 06, 2013, 09:20:13 PM
 #31

PayPal is lame. They are run by corporate hooligans who could care less about you or your family. They fly around on corporate jet's eating salmon and patte.
MiningUnited (OP)
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May 06, 2013, 09:45:24 PM
 #32

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PayPal is lame. They are run by corporate hooligans who could care less about you or your family. They fly around on corporate jet's eating salmon and patte.

From what I understand, selling e-currency is against their policy - always has been (acting as an exchange). Instead of just closing accounts they are working with most sellers who violated their policy and letter them move on. This seems fair to me.
Aesthetics
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June 16, 2013, 09:00:49 PM
 #33

haters gonna hate
MickaSage
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June 16, 2013, 09:04:13 PM
 #34

paypal is scum
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