[2016-09-22] Could PayPal Kill Bitcoin by Reducing its Fees?

[btc_manager]

For merchant payment processing, PayPal charges a fee of over 3 percent, which is over three times as much as the largest bitcoin payment processing companies. Hence, currently, bitcoin provides the cheaper alternative to PayPal for both remittance purposes and for merchant payment processing. However, that does beg the question, “If PayPal were to cut its fees to match those of bitcoin, would there be any need for bitcoin as a means of making and receiving payments?”...

Read more here:

https://btcmanager.com/news/could-paypa ... -its-fees/








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[ofeliawitty]

i will never use Paypal again, even if they charge lower fees. If it's not paypal, it will be the bank that will charge to me a fixed fee and a % of incoming transaction.