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Author Topic: Bitcoin is still faster than Paypal.  (Read 2809 times)
HeRetiK
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June 23, 2017, 07:48:40 AM
 #61

Paypal's transfer from one another to another is instant (no fees required).

Unless you're a merchant that is, in which case PayPal will nibble away on your transactions. No such things as a free lunch.

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June 23, 2017, 08:04:03 AM
 #62

The main reason for paypal problem is they are not supporting the users rights properly, if someone genuinely does transaction and if he got scam of charge back then paypal dont go through genuinely. Paypal ban the user account without prior notice and even dont respond their query.

I have had the same terrible experience. They support the activities of scammers and that is awful.
What reallly angers me is reading their terms you will notice... the money they put on hold ... THEY ACTUALLY INVEST IT AND KEEP THE INTEREST!! They say so in the terms of use. Yet they pretend to protect the consumer from fraud and that's the reason they claim to be holding funds.  It gets worse, a portion of paypals market investment includes Bitcoin.  I called them to grill them about their investment allocations because it makes me crazy. I was put through an hour of holding, several "supervisors" and finally I reached a corporate exec who answered "yes" when I asked "are PayPal user funds being held to invest in Bitcoin along with the other investments?".  Crazy!  Crazy because my transaction that was held, they said, was being reviewed because of they are "evaluating the safety of Bitcoin involvement with PayPal".  Unreal !  They buy it with interest from the funds they withhold because of it.  Snakes

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June 23, 2017, 09:02:45 AM
 #63

The main reason for paypal problem is they are not supporting the users rights properly, if someone genuinely does transaction and if he got scam of charge back then paypal dont go through genuinely. Paypal ban the user account without prior notice and even dont respond their query.
they are centralized and bitcoin decentralized, that's why. bitcoin still faster compared to paypal but also with higher fee. everyone now babbling about this matter , and thinking to switch to altcoins like dogecoin or reddcoin where they deduct very small fee in usd value. bitcoin face some serious trouble recently , people would leave bitcoin if this matter let happened.

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June 23, 2017, 05:13:36 PM
 #64

i think both paypal is faster for sending a transaction than bitcoin because in bitcoin, we need to waiting for the confirmation but in paypal, we don't have to waiting the confirmation. once we click send button, the payment is sending into direction email address, maybe if blockchain network is fixed for the transaction, bitcoin will be faster than paypal.

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June 23, 2017, 05:30:11 PM
 #65

The main reason for paypal problem is they are not supporting the users rights properly, if someone genuinely does transaction and if he got scam of charge back then paypal dont go through genuinely. Paypal ban the user account without prior notice and even dont respond their query.
I understand your frustration with PayPal, but let's be objective. Transaction bitcoin also can not protect you from fraud. Speed of transfer bitcoin also depends on transit fees. I transferred bitcoins for 5 minutes. It's just a different system and cannot be compared. You can use Payza if you do not like PayPal. There is a possibility of payment in bitcoin.

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June 24, 2017, 04:25:20 AM
 #66

I have never done a transaction using paypal. I feel comfortable trading with bitcoin. Many advise to try paypal they say fast, until now have not tried it. Wink

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June 24, 2017, 04:49:22 AM
 #67

I both already used the services of those two and all I can say is, I would prefer bitcoins more than paypal because one of the primary reason is that I got my money on bitcoins a bit much faster than the latter. Bitcoins is a less of a much hassle and not that restricted and that is why I can cashout my earnings with ease.

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June 24, 2017, 06:55:55 AM
 #68

The main reason for paypal problem is they are not supporting the users rights properly, if someone genuinely does transaction and if he got scam of charge back then paypal dont go through genuinely. Paypal ban the user account without prior notice and even dont respond their query.
I understand your frustration with PayPal, but let's be objective. Transaction bitcoin also can not protect you from fraud. Speed of transfer bitcoin also depends on transit fees. I transferred bitcoins for 5 minutes. It's just a different system and cannot be compared. You can use Payza if you do not like PayPal. There is a possibility of payment in bitcoin.

Paypal is just a kind of outdated payment, I'm sure in the end they will disappear or more closer to the crypto transaction. In this case Peter Thiel continues to express appreciation of bitcoin, Paypal has many shortcomings and can not match the bitcoin. The various cases that befell such as on LR is enough to make my interest lost to paypal.
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June 24, 2017, 07:28:45 AM
 #69

Over the duration of the week, I sold something, and initiated the transfer to my bank from paypal.

It said "ETA 1 Business Day"" And here we are on day 3.

So I guess, even with the consistently congested block-chain, Bitcoin beats Paypal all day.

Any TX with a proper fee will be "Fully cleared" within an hour or two.

At least you can view your transactions progress with a block explorer with BTC.


Fuck you paypal gimmie my money.



Bank transfers don't really count, although paypal is faster. I gave my friends 300 dollars on Paypal for his birthday and it arrived within 5 minutes. They are different systems and it is hard to compare. The chargeback scam on Paypal is annoying though so I guess if we are comparing bitcoin has that upside.
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June 24, 2017, 07:40:41 AM
 #70

I have never done a transaction using paypal. I feel comfortable trading with bitcoin. Many advise to try paypal they say fast, until now have not tried it. Wink
That's your perspective, but in reality bitcoin recent days has got a very slow in transaction. Only the high fee paid transactions were faster and this will change as development team is working on it. PayPal always provide the stable speed in transaction for which this is preferred much by business people.

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June 24, 2017, 10:59:42 AM
 #71

I think you messed up things.
If you wanna do a fair comparison, you have to compare transaction from paypal to paypal and from bitcoin to bitcoin. If you send an amount of money to another paypal user such transaction is processed instantly, while if you send Bitcoin to another Bitcoin user it may take 3 days (or it could even never be processed!).

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June 24, 2017, 01:02:03 PM
 #72

These are two different concepts for comparison, but PayPal makes payments faster than bitcoin. But bitcoin is a currency with which you can earn.

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June 24, 2017, 01:34:06 PM
 #73

Over the duration of the week, I sold something, and initiated the transfer to my bank from paypal.

It said "ETA 1 Business Day"" And here we are on day 3.

So I guess, even with the consistently congested block-chain, Bitcoin beats Paypal all day.

Any TX with a proper fee will be "Fully cleared" within an hour or two.

At least you can view your transactions progress with a block explorer with BTC.


Fuck you paypal gimmie my money.


You said you initiated a transfer from PayPal to your bank and you are comparing that to a peer to peer bitcoin wallet transfer? Get your facts straight mate. The last time I checked, sending PayPal to PayPal is as fast as not comparing it to bitcoin to bitcoin transfer with the plenty of long minute confirmations in between bitcoin transfer.
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June 24, 2017, 03:06:25 PM
 #74

These are two different concepts for comparison, but PayPal makes payments faster than bitcoin. But bitcoin is a currency with which you can earn.
I agree with you mate, The late of bitcoin transactions to confirm is too bad. but if we can put enough fees, our transactions will be quick to be confirmed. Anyways, Paypal is faster than bitcoins when we talk about payments, and bitcoin is more great when we talk about investement, we can earn a lot with it.

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June 24, 2017, 03:12:00 PM
 #75

These are two different concepts for comparison, but PayPal makes payments faster than bitcoin. But bitcoin is a currency with which you can earn.
I am pretty sure that it doesn't matter if people send or receive payments with Bitcoin, the speed of their transactions are pretty much instant compared to most banking companies. PayPal has a higher chance for money loss since the people in PayPal like to rip their customers off even if they are in the right.

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Wipro
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June 24, 2017, 03:30:30 PM
 #76

These are two different concepts for comparison, but PayPal makes payments faster than bitcoin. But bitcoin is a currency with which you can earn.
I am pretty sure that it doesn't matter if people send or receive payments with Bitcoin, the speed of their transactions are pretty much instant compared to most banking companies. PayPal has a higher chance for money loss since the people in PayPal like to rip their customers off even if they are in the right.

Paypal is the not best good or better than bitcoin according to me. Since the time and cost of the transaction btc is top. Other than that I have heard that paypal has been involved many email scam attempts.
Bitcoin or any blockchain technology does not involved in scam, only people do btc related business only scam us.

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LeGaulois
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June 24, 2017, 09:52:52 PM
 #77

The main reason for paypal problem is they are not supporting the users rights properly, if someone genuinely does transaction and if he got scam of charge back then paypal dont go through genuinely. Paypal ban the user account without prior notice and even dont respond their query.
I understand your frustration with PayPal, but let's be objective. Transaction bitcoin also can not protect you from fraud. Speed of transfer bitcoin also depends on transit fees. I transferred bitcoins for 5 minutes. It's just a different system and cannot be compared. You can use Payza if you do not like PayPal. There is a possibility of payment in bitcoin.

Paypal is just a kind of outdated payment, I'm sure in the end they will disappear or more closer to the crypto transaction. In this case Peter Thiel continues to express appreciation of bitcoin, Paypal has many shortcomings and can not match the bitcoin. The various cases that befell such as on LR is enough to make my interest lost to paypal.

Outdated ? Go to visit Paypal Lab and you will be very surprised to see how Paypal is advanced regarding technology. Paypal Lab is already 2025-2030. In fact Paypal is so advanced that they have their own algorithm that is now used by some governments.
Online banking incrased with the years by a very high percentage, making Paypal totally relevant to this days where most banks prefer now investing in online banking.
You can't compare Paypal and Bitcoin, I don't know why people keep comparing both. Paypal is a payment processor Bitcoin is a (crypto) currency. It's like comparing a car with gaz

stompix
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June 24, 2017, 10:58:31 PM
 #78

These are two different concepts for comparison, but PayPal makes payments faster than bitcoin. But bitcoin is a currency with which you can earn.
I am pretty sure that it doesn't matter if people send or receive payments with Bitcoin, the speed of their transactions are pretty much instant compared to most banking companies. PayPal has a higher chance for money loss since the people in PayPal like to rip their customers off even if they are in the right.

Paypal is the not best good or better than bitcoin according to me. Since the time and cost of the transaction btc is top. Other than that I have heard that paypal has been involved many email scam attempts.
Bitcoin or any blockchain technology does not involved in scam, only people do btc related business only scam us.

You're accusing paypal of being involved in email scam attempts?

Enlighten me, how will that work?
They will trick you to give them your paypal password? This is hilarious.


Let's be honest a bit here.
If we count how many paypal users are there and how many bitcoiners and we compare the amount of scams involving the two..ouch.
Or if we compare the number of successful attempts to get your money back...oh wait , in bitcoinland it does not happen.

But again you're comparing a currency with a payment method.
Compare paypal with bitpay.

magneto
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June 25, 2017, 12:58:41 AM
 #79

These are two different concepts for comparison, but PayPal makes payments faster than bitcoin. But bitcoin is a currency with which you can earn.
I am pretty sure that it doesn't matter if people send or receive payments with Bitcoin, the speed of their transactions are pretty much instant compared to most banking companies. PayPal has a higher chance for money loss since the people in PayPal like to rip their customers off even if they are in the right.

Paypal is the not best good or better than bitcoin according to me. Since the time and cost of the transaction btc is top. Other than that I have heard that paypal has been involved many email scam attempts.
Bitcoin or any blockchain technology does not involved in scam, only people do btc related business only scam us.

You're accusing paypal of being involved in email scam attempts?

Enlighten me, how will that work?
They will trick you to give them your paypal password? This is hilarious.


Let's be honest a bit here.
If we count how many paypal users are there and how many bitcoiners and we compare the amount of scams involving the two..ouch.
Or if we compare the number of successful attempts to get your money back...oh wait , in bitcoinland it does not happen.

But again you're comparing a currency with a payment method.
Compare paypal with bitpay.


Your arguments are extremely one-sided.

Let me say something then: The amount of people who got scammed by paypal chargebacks, and compare that figure to the amount of bitcoin chargebacks or doublespends.

OH wait, in bitcoinland there are no doublespends/chargebacks after 6 confirmations. That's 60 minutes. Let's look at paypal then, you have to wait 180 days. You might say, fair enough, that should be the warranty period... But wait, there are people that have been charged dback after YEARS, because whether paypal can be charged back depends on the credit card company, and credit card companies often side with the buyer.

As a seller online, do you really want to get into this? Prolly not.

micher143
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June 25, 2017, 01:56:26 AM
 #80

These are two different concepts for comparison, but PayPal makes payments faster than bitcoin. But bitcoin is a currency with which you can earn.
I am pretty sure that it doesn't matter if people send or receive payments with Bitcoin, the speed of their transactions are pretty much instant compared to most banking companies. PayPal has a higher chance for money loss since the people in PayPal like to rip their customers off even if they are in the right.

Paypal is the not best good or better than bitcoin according to me. Since the time and cost of the transaction btc is top. Other than that I have heard that paypal has been involved many email scam attempts.
Bitcoin or any blockchain technology does not involved in scam, only people do btc related business only scam us.

You're accusing paypal of being involved in email scam attempts?

Enlighten me, how will that work?
They will trick you to give them your paypal password? This is hilarious.


Let's be honest a bit here.
If we count how many paypal users are there and how many bitcoiners and we compare the amount of scams involving the two..ouch.
Or if we compare the number of successful attempts to get your money back...oh wait , in bitcoinland it does not happen.

But again you're comparing a currency with a payment method.
Compare paypal with bitpay.


Your arguments are extremely one-sided.

Let me say something then: The amount of people who got scammed by paypal chargebacks, and compare that figure to the amount of bitcoin chargebacks or doublespends.

OH wait, in bitcoinland there are no doublespends/chargebacks after 6 confirmations. That's 60 minutes. Let's look at paypal then, you have to wait 180 days. You might say, fair enough, that should be the warranty period... But wait, there are people that have been charged dback after YEARS, because whether paypal can be charged back depends on the credit card company, and credit card companies often side with the buyer.

As a seller online, do you really want to get into this? Prolly not.
Well said, Me too I have experience in the paypal that my account has been lock and it's have almost 400$ but unfortunately that time I am just an under age so no proof of billing and after a year my money has been gone when I have the requirements I am not underage in that year.


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