Now On CNN: Can Bitcoin Replace PayPal?

[bryant.coleman]

The fee is supped to be a sub cent amount. but with bitcoin gaining value and at times losing value its hard for the devs to know exactly when to adjust the fee in the client.

Hmm... the fee was reduced only a few months ago. The developers have proved on many occasions that they are not as greedy as Paypal or the bankers. I have a feeling that another fee-cut is coming soon.

[hilariousandco]

If people had any sense BTC/cryptos should destroy Paypal.

[LatestBTC]

If Bitcoin price became stable and an e-commerce giant like Amazon added it as a payment option then 100% yes.
Once a giant online retailer ads it thousands more will follow

[hilariousandco]

If Bitcoin price became stable and an e-commerce giant like Amazon added it as a payment option then 100% yes.
Once a giant online retailer ads it thousands more will follow

This is exactly what needs to happen. If a big retailer does start accepting it it'll most likely push the value through the roof and more and more retailers will indeed follow.

[mccoyspace]

Their main concern is volatility. This means we have to wait for some giants to make a move. If more people and companies join the party BTC will boom and then stabilize.

+1 to this.
And this is going to happen all at once from some company who feels that they need to get in front of this. E.g Western Union wanting to shake off their dusty image and grab the 21st century, or PayPal trying to 'embrace and extend'.
My Dad used to work for Pitney Bowes selling postage machines and mailing equipment. They eventually saw the future and now they provide the software to buying and printing postage for the eBay/paypal ecosystem. The same type of thing has to happen with bitcoin.
And we get there by just doing what we're doing: using it, trading it, advocating for it.

[jones31]

I really hope so... I hate paypal so much ever since they robbed me of an ipad. Assholes.

Hmmm.... It seems that Payapal bosses are out there on a PR-enhancement exercise. Check this.

BTW... how did you lost that ipad?

I sold my ipad to a guy who asked for a chargeback after a month and paypal just snatched the money from the account. Supposidly they said that the credit card was a stolen credit card and they never fought for my case and never got my money back.

Same here, i sold a samsung galaxy and the guy after a month decided to claim a chargeback, paypal always take the side of the buyer, which is fine in theory, protecting the buyer, but what about sellers who are scammed by unscrupulous buyers, paypals logic is flawed.

The sooner they are replaced by bitcoin the better!.

And with bitcoin there will be the buyers who scream that they have been scammed by the sellers.
Nothing will change.

[hilariousandco]

I really hope so... I hate paypal so much ever since they robbed me of an ipad. Assholes.

Hmmm.... It seems that Payapal bosses are out there on a PR-enhancement exercise. Check this.

BTW... how did you lost that ipad?

I sold my ipad to a guy who asked for a chargeback after a month and paypal just snatched the money from the account. Supposidly they said that the credit card was a stolen credit card and they never fought for my case and never got my money back.

Same here, i sold a samsung galaxy and the guy after a month decided to claim a chargeback, paypal always take the side of the buyer, which is fine in theory, protecting the buyer, but what about sellers who are scammed by unscrupulous buyers, paypals logic is flawed.

The sooner they are replaced by bitcoin the better!.

And with bitcoin there will be the buyers who scream that they have been scammed by the sellers.
Nothing will change.

Just use a reputable escrow. People will always be scammed and there will always be scammers; its just about minimising risk.

[jones31]

I really hope so... I hate paypal so much ever since they robbed me of an ipad. Assholes.

Hmmm.... It seems that Payapal bosses are out there on a PR-enhancement exercise. Check this.

BTW... how did you lost that ipad?

I sold my ipad to a guy who asked for a chargeback after a month and paypal just snatched the money from the account. Supposidly they said that the credit card was a stolen credit card and they never fought for my case and never got my money back.

Same here, i sold a samsung galaxy and the guy after a month decided to claim a chargeback, paypal always take the side of the buyer, which is fine in theory, protecting the buyer, but what about sellers who are scammed by unscrupulous buyers, paypals logic is flawed.

The sooner they are replaced by bitcoin the better!.

And with bitcoin there will be the buyers who scream that they have been scammed by the sellers.
Nothing will change.

Just use a reputable escrow. People will always be scammed and there will always be scammers; its just about minimising risk.

So can't this be done with the current system already? Use an escrow and you're also safe!
Bitcoin improvements in this area 0. It's just shifting the risk.

The advantage of bitcoin is fee and getting rid of the middle man.
But that will bring some disadvantages as well .
Nothing is perfect.

[hilariousandco]

I really hope so... I hate paypal so much ever since they robbed me of an ipad. Assholes.

Hmmm.... It seems that Payapal bosses are out there on a PR-enhancement exercise. Check this.

BTW... how did you lost that ipad?

I sold my ipad to a guy who asked for a chargeback after a month and paypal just snatched the money from the account. Supposidly they said that the credit card was a stolen credit card and they never fought for my case and never got my money back.

Same here, i sold a samsung galaxy and the guy after a month decided to claim a chargeback, paypal always take the side of the buyer, which is fine in theory, protecting the buyer, but what about sellers who are scammed by unscrupulous buyers, paypals logic is flawed.

The sooner they are replaced by bitcoin the better!.

And with bitcoin there will be the buyers who scream that they have been scammed by the sellers.
Nothing will change.

Just use a reputable escrow. People will always be scammed and there will always be scammers; its just about minimising risk.

So can't this be done with the current system already? Use an escrow and you're also safe!
Bitcoin improvements in this area 0. It's just shifting the risk.

The advantage of bitcoin is fee and getting rid of the middle man.
But that will bring some disadvantages as well .
Nothing is perfect.

You're suggesting using an escrow with paypal payments?

[jones31]

I really hope so... I hate paypal so much ever since they robbed me of an ipad. Assholes.

Hmmm.... It seems that Payapal bosses are out there on a PR-enhancement exercise. Check this.

BTW... how did you lost that ipad?

I sold my ipad to a guy who asked for a chargeback after a month and paypal just snatched the money from the account. Supposidly they said that the credit card was a stolen credit card and they never fought for my case and never got my money back.

Same here, i sold a samsung galaxy and the guy after a month decided to claim a chargeback, paypal always take the side of the buyer, which is fine in theory, protecting the buyer, but what about sellers who are scammed by unscrupulous buyers, paypals logic is flawed.

The sooner they are replaced by bitcoin the better!.

And with bitcoin there will be the buyers who scream that they have been scammed by the sellers.
Nothing will change.

Just use a reputable escrow. People will always be scammed and there will always be scammers; its just about minimising risk.

So can't this be done with the current system already? Use an escrow and you're also safe!
Bitcoin improvements in this area 0. It's just shifting the risk.

The advantage of bitcoin is fee and getting rid of the middle man.
But that will bring some disadvantages as well .
Nothing is perfect.

You're suggesting using an escrow with paypal payments?

Already happening , a long time ago:
https://www.escrow.com/support/faqs/faq-questions/how-does-paypal-work-with-escrowcom.aspx?prevTopic=Payment

[hilariousandco]

I really hope so... I hate paypal so much ever since they robbed me of an ipad. Assholes.

Hmmm.... It seems that Payapal bosses are out there on a PR-enhancement exercise. Check this.

BTW... how did you lost that ipad?

I sold my ipad to a guy who asked for a chargeback after a month and paypal just snatched the money from the account. Supposidly they said that the credit card was a stolen credit card and they never fought for my case and never got my money back.

Same here, i sold a samsung galaxy and the guy after a month decided to claim a chargeback, paypal always take the side of the buyer, which is fine in theory, protecting the buyer, but what about sellers who are scammed by unscrupulous buyers, paypals logic is flawed.

The sooner they are replaced by bitcoin the better!.

And with bitcoin there will be the buyers who scream that they have been scammed by the sellers.
Nothing will change.

Just use a reputable escrow. People will always be scammed and there will always be scammers; its just about minimising risk.

So can't this be done with the current system already? Use an escrow and you're also safe!
Bitcoin improvements in this area 0. It's just shifting the risk.

The advantage of bitcoin is fee and getting rid of the middle man.
But that will bring some disadvantages as well .
Nothing is perfect.

You're suggesting using an escrow with paypal payments?

Already happening , a long time ago:
https://www.escrow.com/support/faqs/faq-questions/how-does-paypal-work-with-escrowcom.aspx?prevTopic=Payment

Yeah, except you'll need to keep the coins in escrow for up to 180 days or something to avoid paypal chargebacks and creditcard reversals etc, so unless you're willing to do that it's impractical.

[hieroglyph]

Cool sounds like a plan to me.  I don't despise Paypal but I'm a way bigger fan of Bitcoin simple as that.

[davidgdg]

I really hope so... I hate paypal so much ever since they robbed me of an ipad. Assholes.

Hmmm.... It seems that Payapal bosses are out there on a PR-enhancement exercise. Check this.

BTW... how did you lost that ipad?

I sold my ipad to a guy who asked for a chargeback after a month and paypal just snatched the money from the account. Supposidly they said that the credit card was a stolen credit card and they never fought for my case and never got my money back.

Same here, i sold a samsung galaxy and the guy after a month decided to claim a chargeback, paypal always take the side of the buyer, which is fine in theory, protecting the buyer, but what about sellers who are scammed by unscrupulous buyers, paypals logic is flawed.

The sooner they are replaced by bitcoin the better!.

And with bitcoin there will be the buyers who scream that they have been scammed by the sellers.
Nothing will change.

Just use a reputable escrow. People will always be scammed and there will always be scammers; its just about minimising risk.

So can't this be done with the current system already? Use an escrow and you're also safe!
Bitcoin improvements in this area 0. It's just shifting the risk.

The advantage of bitcoin is fee and getting rid of the middle man.
But that will bring some disadvantages as well .
Nothing is perfect.

\

You're suggesting using an escrow with paypal payments?

Already happening , a long time ago:
https://www.escrow.com/support/faqs/faq-questions/how-does-paypal-work-with-escrowcom.aspx?prevTopic=Payment

3.25% to 6.3% fee. Max US$ 5,000 transaction size and both parties must be in U.S.