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Author Topic: Buying bitcoin with PayPal payment  (Read 469 times)
raisonai (OP)
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April 04, 2019, 09:36:50 PM
 #1

Guys, we have recently launched an option in Raison.ai to buy BTC/ETC with depositing  from PayPal. Currently it is available and works great in mobile web app at https://m.raison.ai. We would like to know what is the demand for such service - PayPal->BTC. Could it be useful for you?
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April 05, 2019, 04:11:22 AM
 #2

To be honest, I would never consider using Paypal to buy some bitcoins since Paypal is an offender to bitcoin.
I didn't had any negative views on Paypal but since the day it blocked payments for the ebay accounts who were dealing with bitcoins, I had started feeling hatred for it. There are many other options that can be preferred to buy bitcoins such as cards, internet banking, UPI, P2P transfers etc...

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April 05, 2019, 06:00:09 AM
 #3

I just visited your site and jump into your Terms and Conditions page. It is required to do ID verification to use your service, this one will be the first thing that makes you lose interest from users who want to use service. There are many people dealing with Paypal-BTC or vice versa at the Exchange board, they do it peer to peer and they do not need to do KYC. So I believe people will prefer to do peer to peer exchange instead of using your site that requires KYC.

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April 05, 2019, 06:33:56 AM
 #4

Guys, we have recently launched an option in Raison.ai to buy BTC/ETC with depositing  from PayPal. Currently it is available and works great in mobile web app at https://m.raison.ai. We would like to know what is the demand for such service - PayPal->BTC. Could it be useful for you?

Paypal is really a very risky method to purchase Bitcoins.
I would not suggest my enemy to buy through Bitcoin also lmao.
There are always a chance of getting scammed if you buy through PayPal.
So i would tell to each and every user to not use this service .
Else be ready to toil the losses and dance when you get scammed.
Be aware guys.

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April 05, 2019, 07:33:09 AM
 #5

Any experience with this service or other services that are trustworthy?
Why not try here in the forum to buy Bitcoin using your PayPal. But always deal with trustworthy people or using escrow service in every transaction. Visit here if you want.  Currency exchange
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April 05, 2019, 08:15:12 AM
 #6

Yes that sounds good for paypal loyal users but I'm not a paypal user because I'm a little bad after a problem that happened in the past, it's not a good alternative but a very good choice is to buy directly on a large exchange without finding a problem, I recommend not using it as a tool for buying Bitcoin, choose another method that is more certain of security.
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April 05, 2019, 08:29:45 AM
 #7

I'm not sure if PayPal company will accept Bitcoin as a payment through other Bitcoin retellers of related with crypto. But one thing that I sure when you are buying Bitcoin from your PayPal one your friend or in other people.
I don't usually trust newly launch of and popup company especially newly company that not gaining trust.
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April 05, 2019, 08:52:24 AM
 #8

I don't that there is a demand for this. Paypal is really strict when it comes to cryptocurrency. There are reputable people here who trade bitcoin to PayPal and vice versa. I think it's much easier to do a transaction than going to your site.
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April 05, 2019, 12:06:26 PM
 #9

Maybe you can try to offers to other people who often use Paypal, and you can see what will they said about your services. I have a bit worried to buy or sell bitcoin with Paypal because Paypal is not yet approved bitcoin and I don't know what they will do with your services.
Besides that, I worry about the fee to convert from bitcoin to Paypal because I heard that the fee would be too high comparing if we send it to the third-party services, but I never try it before.

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April 05, 2019, 02:12:23 PM
 #10

It would be very convenient for me to buy bitcoin via my paypal account but I am afraid that Scamming is going to be rampant. I would prefer the traditional way via exchanges or other ways that I can use my bank account for that instead of risking my money via Paypal. And also as far as I know paypal doesn't like cryptos so we don't need their services in our ecosystem.
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April 05, 2019, 04:19:20 PM
 #11

Buying Bitcoin is different from other investment so if it was revolving it need lots of way of investment so I think this way also one of the good thing to develop that payment method but it need more explanation and good way of teaching.
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April 05, 2019, 04:41:22 PM
 #12

I'm afraid that this method of buying bitcoin will be ignored knowing that there are cases in which PayPal blocks the accounts of people whom they think were dealing with bitcoin, especially when they know that it's an exchange these people are dealing with. I hate to break it with you but sadly, there's no demand for this, especially on a centralized service/exchange, not unless you want to deal with your personal account and that's fine by the books and less risky, too.

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April 05, 2019, 07:24:33 PM
 #13

Guys, we have recently launched an option in Raison.ai to buy BTC/ETC with depositing  from PayPal. Currently it is available and works great in mobile web app at https://m.raison.ai. We would like to know what is the demand for such service - PayPal->BTC. Could it be useful for you?
but in this method we need to be more careful about changing the money from one thing to other because Bitcoin and paypal is also had heat differences so if it was will come. The demand will always make the payment method to be more so it is also possible to be successful.

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April 05, 2019, 07:37:48 PM
 #14

We would like to know what is the demand for such service - PayPal->BTC.

there is a lot of demand and you will have to deal with a lot of competition

https://www.bestchange.com/bitcoin-to-paypal-usd.html

Could it be useful for you?

of course is something very useful, but for a new service and without many positive feedbacks it will be very difficult to have many customers in a short time. I suggest you create an ANN Thread here in the forum so that you can win the confidence of the people

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April 06, 2019, 09:24:42 PM
 #15

Yes that sounds good for paypal loyal users but I'm not a paypal user because I'm a little bad after a problem that happened in the past, it's not a good alternative but a very good choice is to buy directly on a large exchange without finding a problem, I recommend not using it as a tool for buying Bitcoin, choose another method that is more certain of security.
Not many people will even go buy PayPal option, they have already created back record in the mind of some people with their too strict policy, they don’t even allow some countries to make use of their system because fraudulent transaction they claim is being done through their platform.

I am just eagerly waiting for the day, all ecommerce sites will integrate crypto into their platform as alternative payment method which I believe will surely make PayPal become very less used and gradually become irrelevant and I am sure they will also be doing their possible best to align in the same way other have done with cryptocurrency adoption.
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April 06, 2019, 11:18:45 PM
 #16

I think the demand for this kind of service is very high because there are a very few websites that offer this kind of feature and that's because PayPal and Bitcoin don't work very well together. First of all PayPal doesn't like bitcoin so of they found anything that could relate your transaction to bitcoin they could freeze your funds. The second thig you should be aware of is that PayPal has reversible transactions so dealing with clients will be a pain in the arse because you are offering them bitcoin which you cannot recover at all cost but they offer you PayPal funds which could easily be recovered because you cannot offer PayPal any proof of your services since that would only lead to blocking your account and freezing your funds.
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April 07, 2019, 06:52:40 AM
 #17

Guys, we have recently launched an option in Raison.ai to buy BTC/ETC with depositing  from PayPal. Currently it is available and works great in mobile web app at https://m.raison.ai. We would like to know what is the demand for such service - PayPal->BTC. Could it be useful for you?
I just see using PayPal as an additional fees burden placed on one because PayPal also charges certain percentage per transaction to make use of their services, in the case of paying for goods, receiver could decide to bear the cost or the sender, but in this case, the sender will have to bear the burden, you will see pay for exchanges fee on that transaction too and if you are to trade with the money, you still pay additional trading fee again, aren’t these a little bit too high when one is not sure of the profit you can get on that transaction, except such transaction is juts for payment and not for investment, the sender can decide to overlook the charges.
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April 07, 2019, 08:18:49 AM
 #18

Guys, we have recently launched an option in Raison.ai to buy BTC/ETC with depositing  from PayPal. Currently it is available and works great in mobile web app at https://m.raison.ai. We would like to know what is the demand for such service - PayPal->BTC. Could it be useful for you?


I find it more convenient yet risky at the same time. We all know that Paypal is hackable these days. There's frequent traffic in Paypal transactions and the fee is actually higher than usual. However, it would be another way for us to transact faster if we're willing to take the risks.

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April 07, 2019, 08:38:33 AM
 #19

Guys, we have recently launched an option in Raison.ai to buy BTC/ETC with depositing  from PayPal. Currently it is available and works great in mobile web app at https://m.raison.ai. We would like to know what is the demand for such service - PayPal->BTC. Could it be useful for you?
It is definitely very helpful for me. I usually use Paypal to pay some of the costs. and I put money in paypal account quite a lot. If they can make transactions from fiat money to BTC at paypal, I will be very happy. Because I don't need to deposit money on domestic exchanges to buy BTC anymore, it's quite time consuming for me.

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April 07, 2019, 11:34:02 AM
Last edit: April 07, 2019, 12:05:02 PM by hugeblack
 #20

Currently, it is available and works great in mobile web app at https://m.raison.ai
Although I believe that the direct exchange between Paypal and USD can only be via an intermediate currency there are some points that stopped me on this page ----> https://m.raison.ai/about/terms:

 - Wallet: you say that your service offers a wallet while withdrawals are only done through a third party 'your server" and not the user.
 - bank transfer: The text says on a bank transfer and not PayPal?
 - There is no mention of the conversion between PayPal and BTC with a blur in a lot of information.
5.4. Withdrawals.</strong> Raison will perform withdrawals of your funds, upon an application for withdrawal made via the Raison Wallet. Upon Raison receiving an instruction from you to withdraw funds from your Account, we shall pay the said amount within 5 (five) Business Days, if the following requirements are met:
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