Ninjastic
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Board Bitcoin Discussion
Re: Paypal screw up again [Bitcoin wins]
by
opossum
on 23/10/2014, 23:59:52 UTC
Quote from: RappelzReborn on October 23, 2014, 09:02:39 PM
Quote from: 1Referee on October 23, 2014, 07:46:32 PM
Quote from: RappelzReborn on October 23, 2014, 05:41:05 PM
Again , Paypal proove that they don't know what they are doing . I'am planning to let paypal go , and just trade my money to Bitcoins.
this image explains all ... now kids can just chargeback after 4-5 months . GG *facepalm*


Paypal didn't screw up...

It's just an extra protection for current and potential buyers, and they will actually like it.

People still compare Paypal with Bitcoin, none will win and none will lose. These are two totally different payment options.


They did , at least this what think.
They may be protecting the buyer ... by not the seller
Buyers are what drive the economy. Without buyers then there will be no economic output. It is also the sellers that are competing for the buyers' business not the other way around. If buyers are better protected then it will be easier for a seller to compete for business.

Also the sellers are protected. In the event the buyers is successful at getting their money back from a frivolous chargeback, the seller could take the buyer to court and sue the buyer for what is owed to them plus legal fees