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PayPal to support Ethereum and Bitcoin

newsroom.paypal-corp.com

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341–350 of 409 posts

Re: PayPal to support Ethereum and Bitcoin

#341

Post by notsydonia »

I tried some Woo-Commerce? plugin to accept Bitcoin on my sites a few years ago and Paypal baulked at it or made it incredibly complicated to the point that I gave up. Stripe said to wait until their cryptocurrency was released.

The main issue at the time seemed to be that it couldn't really work as a medium of exchange. Eg; $100 paid on the Monday might be $80 or $150 by the time it actually cleared. Maybe I was really inept but I got sick of the complexity and bailed, even though I liked the idea of having these options.

I wouldn't try Paypal's offering as they don't have any kind of quality support for merchants.

Re: PayPal to support Ethereum and Bitcoin

#342

Post by palmfacehn »

noduerme wrote: post #284
analog31 wrote: post #273

Earlier quoted context omitted.

I've had a PP merchant account for well over a decade, to sell a boring, non computer related gadget. I make roughly one sale per business day, with typical statistical variation. PP has been nearly 100% reliable. Some advantages for me: 1. I don't touch your credit card or personal info. I don't want to know those things. I don't want to be responsible for keeping them secure. 2. Integration with the post office for…

To your horror stories, while I'm sure many of them do involve legitimate disputes, I stopped accepting PayPal payments about a decade ago after what they did to a friend of mine. He and his wife owned a small hotel that took payment several ways, including Paypal. They didn't have too many customers paying that way and had allowed something over $10,000 to pile up in their Paypal account over time. When they tried t…

I believe that after 10k USD additional AML regulations kick in. Then there are a related class of pseudo-crimes around structuring payments to avoid the 10k threshold. Part of it may be PayPal's policies, but as I understand these things are generally to cover things on their end from regulatory risk factors.

That's just one of the headaches they deal with. Also one of the reasons for using cryptocurrencies. PayPal may be creating the worst of both worlds by combining the complexity of cryptocurrency transactions with the need to abide by byzantine regulations.

Re: PayPal to support Ethereum and Bitcoin

#343

Post by emporas »

emtel wrote: post #175
unleaded wrote: post #152

real question because i don't know, what do people actually buy with crypto other than other money or illegal stuff? i presume paypal won't be happy with you buying/selling drugs with it

Stablecoin payments are currently a hugely growing business, mainly for B2B payments as I understand it. I think its really hard for people who have absorbed 10 years of anti-crypto groupthink from HN to digest the fact that crypto is here to stay and is finding legitimate use cases. Stablecoin payments really are just better: - Instant settlement - Extremely cheap - Extremely reliable - Highly programmable - Built o…

Funny thing is, most Coinbase or Kraken or Binance transactions of BTC and Ethereum are simple SQL transactions in a normal database.

An immutable ledger to put information is the best invention since sliced bread, and that can only be achieved by an underlying economic system to maintain such a ledger.

That being said, probably all crypto (except one) will go to zero very soon. Crypto is a bubble, but it doesn't mean that the underlying technology is useless.

Re: PayPal to support Ethereum and Bitcoin

#344

Post by Reason077 »

mapmeld wrote: post #217
unixhero wrote: post #200

Earlier quoted context omitted.

In the real world, not in computer user world, people use what is avilable to them that works. Paypal is that.

I think it's from people who are programmed from early e-commerce days to think using their credit card online is an extreme risk, and that Paypal is shielding them or insuring their purchase in some way. That said, I know some small nonprofits where that's their preferred way to donate online.

I like to use PayPal when signing up for subscription services with recurring charges. It keeps billers that you have authorised in a nice list and you can cancel/deauthorise them directly from PayPal. No surprise charges months/years later from something you signed up for and forgot about...

Re: PayPal to support Ethereum and Bitcoin

#345

Post by vbezhenar »

addandsubtract wrote: post #335
r_singh wrote: post #329

Earlier quoted context omitted.

I’ve always felt that we need a tool to be able to answer such a question. My bank also uses a different hyphenated domain name on emails… another use case could be to check for legit social media profiles cause fakes are popular too and may not be discernible for regular grass touching not-so-online in 2025 individual.

Maybe we could introduce the concept of subdomains. Paypal could, for example, have a corp.paypal.com address that points to their corporate blog. I know, a bit out there, but maybe DNS2 will ship with this feature.

With subdomains, you might leak cookies accidentally or maliciously to the root domain. They are not as separated as real domains are.

Re: PayPal to support Ethereum and Bitcoin

#346

Post by notpushkin »

c0balt wrote: post #328
bilekas wrote: post #321

Earlier quoted context omitted.

Maybe I'm missing something but you can't separate you're session and authentication with a different subdomain? Eg. My session on corp.paypal.com would be locked down to solely corp.paypal.com. From a practical sense, what different does a subdomain and a dedicated domain offer if you're managing your certs correctly?

You can, but is difficult and prone to errors. Separate domains solve the root cause of the issue. The alternative is an entry on the public suffix list.

Which would not be easy to get, considering PayPal is not running a public suffix.

Re: PayPal to support Ethereum and Bitcoin

#347

Post by progval »

vbezhenar wrote: post #345
addandsubtract wrote: post #335

Earlier quoted context omitted.

Maybe we could introduce the concept of subdomains. Paypal could, for example, have a corp.paypal.com address that points to their corporate blog. I know, a bit out there, but maybe DNS2 will ship with this feature.

With subdomains, you might leak cookies accidentally or maliciously to the root domain. They are not as separated as real domains are.

Then don't put anything on the root domain and use www.paypal.com for the main operations. corp.paypal.com's cookies are separated from www.paypal.com's.

Re: PayPal to support Ethereum and Bitcoin

#348

Post by ricardo81 »

r_singh wrote: post #329
kragen wrote: post #294

Is this a legitimate alternative domain name for PayPal, or is it a parody or phishing site? It's not paypal.com. Apparently it's legit: https://news.ycombinator.com/item?id=45250319

I’ve always felt that we need a tool to be able to answer such a question. My bank also uses a different hyphenated domain name on emails… another use case could be to check for legit social media profiles cause fakes are popular too and may not be discernible for regular grass touching not-so-online in 2025 individual.

WHOIS used to be semi useful, though most records tend to be redacted for the average user now.

`dig` on DNS also, if it resolves to the same IP as paypal for example, that adds confidence. Though again, nowadays less useful due to a lot of things being behind Cloudflare.

Re: PayPal to support Ethereum and Bitcoin

#350

Post by asddubs »

notpushkin wrote: post #346
c0balt wrote: post #328

Earlier quoted context omitted.

You can, but is difficult and prone to errors. Separate domains solve the root cause of the issue. The alternative is an entry on the public suffix list.

Which would not be easy to get, considering PayPal is not running a public suffix.

you can request entries on it, the list is not just for TLDs
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