Post
Topic
Board Bitcoin Discussion
Re: Bitcoin & PayPal
by
Bear2Bull
on 02/08/2025, 02:58:13 UTC
I honestly don't want to use decentralised way to make payment online, I just want to pay in Bitcoin instead of having dollar in the paypal account, I don't care about KYC because it changes nothing for me.

To swap bitcoin back to fiat in my country I have to use centralised exchanges and they all compulsory KYC verification, it doesn't matter to me, but the only problem I can have with PayPal is not supporting other countries except U. S citizens, it sucks.

I don't understand where your frustration comes from.

Does it matter that you pay via PayPal using USD or Bitcoin? For me, it doesn't. If you pay Bitcoin through PayPal, you're actually paying in fiat. The transaction isn't done on-chain. The merchant receives fiat. PayPal's financial books register the transaction in fiat. Everything's in fiat.

So, why are we complaining that we can't pay with Bitcoin on PayPal? Are there PayPal partner merchants that only accept Bitcoin? I don't think so. So, if you have a PayPal account and you can deposit fiat there, that's it. You can make the most of it.

The setup with Bitcoin on PayPal is like this:

https://www.talkimg.com/images/2025/08/02/UHVDLw.jpeg
Understanding how Bitcoin payments work on PayPal is crucial. When Bitcoin is used as a payment method on PayPal, the conversion to fiat currency occurs on the backend. This means merchants always receive payments in fiat, and all PayPal accounting is recorded in fiat currency. Therefore, complaints about the inability to pay with Bitcoin on-chain through PayPal are irrelevant. No PayPal partner merchants exclusively accept Bitcoin directly. If you have a PayPal account and can fund it with fiat currency, you already have everything you need to take full advantage of the platform, as PayPal is designed to mediate fiat transactions, not facilitate pure crypto transfers.