Post
Topic
Board Beginners & Help
Re: Bitcoin and Paypal
by
mexxer-2
on 15/10/2015, 13:12:33 UTC
Being new(ish) to bitcoin, I've noticed it MUCH harder to sell products online and accept bitcoin as a form of payment. Paypal sales are steady and people tend to rather use paypal than bitcoin to buy things. (in my exp anyway)

I wish bitcoin could somehow figure a (buyer/seller protection) like paypal. It's alot of work sending items to escrows/ waiting for them to get the item/ then them sending item to buyer etc.

I may be totally out there on this,lol also sorry if i don't make much sense either. Sometimes its hard to type what i'm really thinking,lol
Paypal is a payment gateway while bitcoin is meant to be a "invention" which later got a price tagged along. Anyway coming back to topic:
1) It has become simple for merchants to use bitcoin as a payment system due to emergence of services like BitPay .
2) BitCoin is used more often in trades rather than for buying things, it has still yet to catch up .
3) If "buyer's protection" was done it would be the same case as : https://bitcointalk.org/index.php?topic=1195135.0 and you can see how so many people disagree on it. Bitcoin is a decentralized currency anyway, so its not possible.