Bitpay/Coinbase will replace Paypal/ViSA some day? BTC platform kicks out ebay?

[zyhsu815]

But what factors do you think might prevent this outcome?

BTC safety protection.....because BTC wallet is announced each transaction,some scammers are watching on it.
If everybody believe my BTC platform is safe,no worrying about their BTC during transaction,then we must succeed.

[zyhsu815]

I withdraw money on May 29,and it shows finished on 14:30,but by now,i didn't get the money.

總金額：   
****HKD
費用金額：   
$0.00 HKD
淨額：   
**** HKD

日期：   
2014年5月29日
時間：   
14:30:19 HKT
狀態：   
已完成

主旨：   
銀行帳戶
轉帳至：   
HSBC Hong Kong 儲蓄 (未確認) x-0838

I was my fault to use Paypal. Highest fee but worst service and latest action.

[LostDutchman]

But what factors do you think might prevent this outcome?

Common sense f or starters.

[thecoindoctor]

Experience 1.

In March, i sold 5pcs of BTC miners,payment method is BTC escrow(1% escrow fee paid by buyer),i got the full BTC as soon as my customer confirmed receiving all miners.(even if exchange rate dropped from 560USD to 460USD/BTC,but i am still holding 30BTC in my wallet)

Experience 2.

In May,another 7pcs of BTC miners sold,payment method was Paypal,14644EURO(exchange rate 1.37,as 20020USD) paid,but only 17742USD received.Besides,the money was frozen at least 20days,only because my paypal is new account.(Honestly,paypal charged me so much.)

Experience 3.

I got paypal calling back,they asked me for 6000USD as deposit insurance,at least frozen 6months.And in future,60% of each payment will be frozen at last 45days.Besides,the money is not yours,it will be refunded to customers any time------------how can it be?

Do you guys meet over-charged by Paypal?

BTC finish payment fast and no fee,it will replace Paypal/VISA some day?I think visa fee is not too much and transaction is fast and safe and easy.But i believe BTC will replace paypal.

And BTC platform will replace ebay too if ebay could not adjust fee policy or one side protection. But ebay is too huge,adjusting fee policy means dead.

na i doubt this will ever happen, btc is large but no where near as large as paypal and visa.

[xinzark]

Bitcoin will be using on digital item and Paypal will still the same .

[stompix]

Bitcoin will be using on digital item and Paypal will still the same .

And I have absolutely no idea what you were trying to say here

[jeffersonairplane]

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

[stompix]

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

People mistake the role of btc and what paypal is.

Bitpay might replace paypal , but bitcoin will never be able to replace paypal.
I've heard even more funny assumptions , like bitcoin replacing ebay.. lols .

[zyhsu815]

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

People mistake the role of btc and what paypal is.

Bitpay might replace paypal , but bitcoin will never be able to replace paypal.
I've heard even more funny assumptions , like bitcoin replacing ebay.. lols .

you make sense,thank you.I revised the title:-)Bitpay replaces paypal,and BTC platform replace ebay,absolutely correct!

[zyhsu815]

Will never be replaced. The fact is that it's non reversible and the fact that its anoynmous will never let it replace PayPal let alone visa. It won't replace legal tender either.

IF YOU SELL MINER VIA PAYPAL,YOU WILL KNOW A REAL PAYPAL.

[Catmoonglow]

I'm sure the owners of both companies will tell you they wish to concentrate on their core businesses and are too busy right now to make something that large happen, but in principle you're right.

If they did something like that, it would blow the doors off this Bitcoin thingy and their businesses.

[ChuckStrawberry]

Why cannot bitpay also process fiat? The procedure is just the reverse of processing bitcoin but uses bitcoin as the carrier of transactions? This requires no banks anywhere in the process and should thus also be of much lower cost.

[Meuh6879]

Paypal offers dispute resolution which is a service on top of payment systems.

yes, buyer classic argument.
but when you become a seller ... 

[bryant.coleman]

Why cannot bitpay also process fiat? The procedure is just the reverse of processing bitcoin but uses bitcoin as the carrier of transactions? This requires no banks anywhere in the process and should thus also be of much lower cost.

How that is possible? Bitpay processes the payments in Bitcoin, and then converts the Bitcoins to fiat cash and give them to the merchant. It does not accept fiat cash, although fiat cash can be withdrawn.

To accept fiat cash, they need to do some co-operation with some of the banks or with the Master / Visa.

[ljudotina]

Bitpay could replace PayPal only if they start providing Buyer / Seller protection program. People mostly think that PayPals strength is in "accessibility" or "ease of use" and stuff and they are VERY wrong. PayPal's strength is firstly Buyers protection and than little bit of Sellers protection. People are willing to pay for safety....as simple as that.

[bryant.coleman]

Bitpay could replace PayPal only if they start providing Buyer / Seller protection program.

Oh god! Stop this BS. The Paypal Buyer / Seller protection is being misused so much that many of the customers are stopping to accept the payments through Paypal. We don't need similar crap with Bitcoin.

[beetcoin]

if paypal thought bitpay were a true threat, they would throw millions at lobbyists.. why wouldn't they? it's either do that or die.. they are just too big/powerful to lose out to a small guy like bitpay.

[BohemianStalker]

Bitpay could replace PayPal only if they start providing Buyer / Seller protection program.

Oh god! Stop this BS. The Paypal Buyer / Seller protection is being misused so much that many of the customers are stopping to accept the payments through Paypal. We don't need similar crap with Bitcoin.

Tinfoil hat on, right ? All I see are green numbers both Paypal and Ebay. Just because vocal majority gets attention about some misusing seller protection doest mean 99% of trades are not working right.

Seller protection is a big thing, however more and more companies will rather return your money than loose that 100% or 99% status anyway .

[wantangcfftc020]

Experience 1.

In March, i sold 5pcs of BTC miners,payment method is BTC escrow(1% escrow fee paid by buyer),i got the full BTC as soon as my customer confirmed receiving all miners.(even if exchange rate dropped from 560USD to 460USD/BTC,but i am still holding 30BTC in my wallet)

Experience 2.

In May,another 7pcs of BTC miners sold,payment method was Paypal,14644EURO(exchange rate 1.37,as 20020USD) paid,but only 17742USD received.Besides,the money was frozen at least 20days,only because my paypal is new account.(Honestly,paypal charged me so much.)

Experience 3.

I got paypal calling back,they asked me for 6000USD as deposit insurance,at least frozen 6months.And in future,60% of each payment will be frozen at last 45days.Besides,the money is not yours,it will be refunded to customers any time------------how can it be?

Do you guys meet over-charged by Paypal?

Bitpay finish payment fast and no fee,it will replace Paypal/VISA some day?I am not sure bitpay can beat VISA,as visa fee is not too much and transaction is fast and safe and easy.But i believe bitpay will replace paypal.

And BTC platform will replace ebay too if ebay could not adjust fee policy or one side protection. Adjusting fee policy means dead,as ebay is too huge and its cost is high.

P.S. Thanks to stompix,you divided 2 different conception.

I am also a newbie, can I get some coins from dev?

[jijuevyiyn63011]

To accept fiat cash, they need to do some co-operation with some of the banks or with the Master / Visa.