Paypal discussion...

[hilariousandco]

I find it odd they even permit people to sell bitcoin on eBay...

I betcha there is something going on, gradually, behind the scenes.

They don't permit it technically, but they don't seem to do much about it either or only on occasion.

[MEpatriot]

I find it odd they even permit people to sell bitcoin on eBay...

I betcha there is something going on, gradually, behind the scenes.

They don't permit it technically, but they don't seem to do much about it either or only on occasion.

Oh really, are you saying there is actually a policy against it?

That would be very interesting if there were, and yet they were permitting it to go forward.

I mean, it would be a very simple thing to flag anything with "bitcoin" in the subject line for deletion, and yet there are thousands of entries there right now.

[fasteddie9987]

Very unlikely on short-term. First because they will lose money considering there %+0.3x$ fees and that BTC's is a competitor to them and adopting to it means changing there whole system. Not to mention the current policies they follow regarding verification and sources of money might not fit with the anonymous nature of BTC's.

They would lose more money by not doing so.  Paypal is a successful business and most successful businesses base there decisions on growth and profit. There is nothing to stop paypal setting up their own kind of exchange where you convert bitcoin to a credit in your paypal account that amounts to the fiat value of the bitcoin you send them.  This would take the anonymity out of it too.  I would wager that their general view on bitcoin is if they can't stop it then they may as well profit from it.

[MEpatriot]

Very unlikely on short-term. First because they will lose money considering there %+0.3x$ fees and that BTC's is a competitor to them and adopting to it means changing there whole system. Not to mention the current policies they follow regarding verification and sources of money might not fit with the anonymous nature of BTC's.

They would lose more money by not doing so.  Paypal is a successful business and most successful businesses base there decisions on growth and profit. There is nothing to stop paypal setting up their own kind of exchange where you convert bitcoin to a credit in your paypal account that amounts to the fiat value of the bitcoin you send them.  This would take the anonymity out of it too.  I would wager that their general view on bitcoin is if they can't stop it then they may as well profit from it.

I agree. Great post and sound thinking.

[MEpatriot]

Can someone tell me how to get google searches for: "Bitcoin" AND "Paypal" sent to my email inbox?

I heard there is a way to do that, and I want to keep an eye on that daily.

[mrnxtuser]

Paypal accepting bitcoin would make the value of bitcoin even higher than it is now ... after the news of zynga potentially accepting bitcoin for payment for their social online gaming, btc hit 1000 usd ... i don't even know what would happen if paypal accepted bitcoin LOL if the higher ups of paypal were smart, they would adopt bitcoin! it's time to evolve

[cryptozark]

It seems like paypal could just cut down on their costs if they used the bitcoin network to transfer money instead of going through ACH and the banking system.  Adopting bitcoin as the intermediary payment network could cut down on costs and transaction times on deposits and withdrawals.

[nerFohanzo]

Paypal accepting bitcoin would make the value of bitcoin even higher than it is now ... after the news of zynga potentially accepting bitcoin for payment for their social online gaming, btc hit 1000 usd ... i don't even know what would happen if paypal accepted bitcoin LOL if the higher ups of paypal were smart, they would adopt bitcoin! it's time to evolve

Seems the problem is they will be unable to reverse Bitcoin withdrawals from stolen PayPal accounts