131–140 of 366 posts
PayPal should have an "AT YOUR OWN RISK" payment option. Pre-sale vendors would be required by the terms of use to use this payment option instead of the normal one unless they first get a pre-sale waiver from PayPal. PayPal can charge an application fee for that process.
All done.
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> no fraud Only for extremely specific and useless definitions of "no fraud." If I send my bitcoins to someone to buy something, I have no protection if they decide not to deliver. At which point the Bitcoin enthusiasts will say "but you can use a third party escrow service," which is true, and puts us right back into the same situation we are with PayPal .
But with Bitcoin, if you trust the merchant/recipient you can opt out of using escrow and transfer the money directly to him. With Paypal it's impossible.
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I was under the impression that PayPal was a payment service. Party A uses it to send money to Party B and as long as no laws are broken, PayPal keeps its nose out of other people's business. What makes you think PayPal is an escrow service akin to escrow.com?
It is an escrow service because it allows the buyer to reverse the transaction.
Indulge me in a flight of fancy in which we pretend, for the sake of argument, that a) Paypal is run not by Snidely Whiplash clones but b) by smart geeks working with thin margins in a highly regulated industry where c) customers are at risk essentially never, d) merchants eat 100% of the risk if they stay in business, and e) Paypal eats 100% of the risk if the merchant doesn't. Why is Paypal very skeptical of pre-sa…
It amazes me that their marker for freezing money is for how many sales the company does. Because you wouldn't want to accept money from a successful business now!
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Just like everything else.
Not really - can USA spy on credit cards issued by Chinese banks? And vice-versa? There is at least some level of privacy. But with BTC every time you make a purchase you can be linked to all your previous and future purchases.
Avoid Paypal as often as you can, simple as that. I am forced to use them for certain transactions, but anytime I can avoid them I do. I hate that they force me to verify my account, they force you to use Paypal credit (if you have it) instead of a CC, etc. I really don't like their one-sided policies...
What's so bad about that?
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I will accept goats and chickens before I accept Bitcoin. 99% of people have never even heard of it. I am pretty certain that 100% of my customers have never heard of it. Not worth my time.
Yeah, you can probably multiply your savings x10 every year by yourself anyway, no need to use a revolutionary currency for that. http://blockchain.info/charts/market-price?timespan=all&show...
N.B. maybe I'm wrong but according to this graph: http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g... http://blockchain.info/charts/market-price Now bitcoin has half the value than in April (and, I known, 10x Jan value). Too volatile to use if your business IMHO.
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And then there's Bitcoin- no fraud, no charge backs. Payments are final and instant and, best of all, don't require a middle man.
> no fraud Only for extremely specific and useless definitions of "no fraud." If I send my bitcoins to someone to buy something, I have no protection if they decide not to deliver. At which point the Bitcoin enthusiasts will say "but you can use a third party escrow service," which is true, and puts us right back into the same situation we are with PayPal .
To be more precise, you have no protection from the money transmission service. This is no different from cash.
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I'm surprised PayPal still haven't taken a clear stance against crowdfunding like Amazon Payments have. That's part of the problem - it's really vague as to what situations PayPal will intervene in.
That's funny, because Amazon Payments is exactly what crowdfunding site Kickstarter uses[0] to pay out to projects. [0]: http://www.kickstarter.com/help/amazon
I don't know how indiegogo works, but in the case of Kickstarter, I would assume that Kickstarter is collecting the payments, arbiter of refunds in the case a goal is not met, and does not have access to the money in the interim.
Then Kickstarter uses Amazon Payments to disburse the funds to project lead? I am uneducated and did not contribute to the fund, so I don't really know how it works. Can you enlighten?