Bitcoin Vs. Paypal

[koshgel]

Your $ in Paypal is just information stored and guaranteed by Paypal; likewise, your BTC in Bitcoin is just information stored and guaranteed by the Bitcoin protocol.

Your funds are not guaranteed by PayPal. They can seize your funds at any time for an arbitrary reason.

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[dompsairs]

Bitcoin iis much better, bitcoin will never block your account for no reasons.

[Shogen]

Your $ in Paypal is just information stored and guaranteed by Paypal; likewise, your BTC in Bitcoin is just information stored and guaranteed by the Bitcoin protocol.

The big difference here is that Paypal is a centralized company while Bitcoin has a decentralized network consisting of people around the world.

[no141]

For those who buy, can people compare Paypal vs escrowed Bitcoin? That would be a more fair way to compare

[StallionOne]

Paypal is not a currency in any way.

[Gundulmu]

i choose bitcoin because i use bitcoin

[dougg]

Paypal is actually better in many respects which is what a lot of people here miss. In general its quite good for buyer protection, whereas Bitcoin has no buyer protection and therefore a greater need of trust in its most intrinsic form of transaction.

Obviously I am a huge supporter of Bitcoin but more transaction tools are needed for its success.

[claimore]

^^ Somewhat legit. Even tho the fees suck.

[niothor]

For those who buy, can people compare Paypal vs escrowed Bitcoin? That would be a more fair way to compare

Then you should compare the banks with mtgox or coinlenders or inputs.io

[Farmer17]

Paypal is actually better in many respects which is what a lot of people here miss. In general its quite good for buyer protection, whereas Bitcoin has no buyer protection and therefore a greater need of trust in its most intrinsic form of transaction.

Obviously I am a huge supporter of Bitcoin but more transaction tools are needed for its success.

Paypal is fine for buyers because of the buyer protection, but on the other hand, there are lots of limitations for its seller protection. https://www.paypal.com/webapps/mpp/security/seller-protection

[arxwn]

Is there a customer protection service for bitcoin merchants ? And if yes what is the premium ?

[Farmer17]

Is there a customer protection service for bitcoin merchants ? And if yes what is the premium ?

Since bitcoin is decentralized, there is no chargeback mechanism.
But some highly trusted persons are willing to act as an escrow (ie. middle man). You can find a list of them here. https://bitcointalk.org/index.php?topic=108716.0

Some of them are doing it for free/tips, while some are charging a fixed % of transacted amount.

[arxwn]

Is there a customer protection service for bitcoin merchants ? And if yes what is the premium ?

Since bitcoin is decentralized, there is no chargeback mechanism.
But some highly trusted persons are willing to act as an escrow (ie. middle man). You can find a list of them here. https://bitcointalk.org/index.php?topic=108716.0

Some of them are doing it for free/tips, while some are charging a fixed % of transacted amount.

That's nice. I was expecting something more organised

[zee11226]

Paypal is payment processor while bitcoin is a currency. They are not mortal enemies. Paypal can choose to accept bitcoin in the future.

[mckim0012]

Bitcoin is the future while paypal is the old school.

[binarysorcerer]

Paypal accepting Bitcoin is good news

[Shogen]

Paypal is payment processor while bitcoin is a currency. They are not mortal enemies. Paypal can choose to accept bitcoin in the future.

Well indeed, Paypal will sort of accept bitcoin payment through integrating bitcoin payment with its subsidiary Braintree.
http://www.forbes.com/sites/ryanmac/2014/09/08/ebay-announces-first-foray-into-bitcoin-with-braintree-unit/

[Pussyan]

I preffer BTC, no taxes, no chargeback, no shits all over the place.

[arxwn]

I preffer BTC, no taxes, no chargeback, no shits all over the place.

Ya sound like a terr'ist !!!

[zutu92]

Paypal is good in paying many websites but I prefer more in bitcoinnow because of its decentralized and anonymous feature. I keep hearing horror stories about paypal.