Just A Quick Reminder

If you’re wondering why websites are only offering payments in BTC, but are more than happy to be paid in PayPal. BTC is crashing, and will not be going back up due to scaling issues.

Stop accepting BTC. Plenty of trusted personal buyers not unloading failing currency to their customers to get themselves out of their genius investment. If you accept BTC, you’re fucking yourself, along with supporting a harmful business practice.

 

Right on!!!! I'm all in on XRP.
FK BTC.

 

Just super fucking shady. Went to multiple popular websites, you go to their buy gold page, they accept every payment method. But they only pay out btc. Could just be a conspiracy theory I guess, but just so happens there’s a front page post about the crashing of btc, and it’s been crashing for a while. Just seems like they’re trying to put their losses off on the customers to save their bankroll as much as possible, while any btc they pay out has its value decreasing daily. Can’t even ask to be paid in PayPal. Was told by one of them they do it to combat payment reversals. Which would make sense, but they’re the ones paying me, not me paying them, so there’s no risk of reversal, making that explanation bullshit they pulled out of their ass.

 

I'm going to tell you in my view and what I have read about the current situation with websites. The reason they would have an excess of BTC is that they haven't been paid by "G2A" yet. Some websites hold thousands in there, accumulating because the withdraw time is unpredictable and sometimes weeks at a time. One reason they can only pay "BTC" is because they only have "BTC".
And I'm sure websites use coinbase or bitfinex to hold fiat and transfer/sell btc to an external wallet when needed to avoid volatility. BTC is more predictable. You can withdraw and deposit any time.

 

They can sell their failing currency. Totally get it from a business perspective. But it’s anti consumer, which I think we can all agree makes a shitty business. You don’t have to have a PayPal balance to pay out in PayPal. It can be linked to other stuff, I keep a $0 balance, yet use it more than any other payment method, because PayPal just pays it and takes it from my bank, like any other financial institution.

Just not into the customers having to pick up the businesses slack because they didn’t have preventative measures in place beforehand. It’s like surcharges. You pay around 4-6 (+-) a month in surcharges, that are meant to be fees for the company, they’re not the companies fees to the customer, they’re the governments fees to the company. But they offload that to the customer, resulting in, Verizon for example, having over 170 million customers paying 4-6 dollars extra per month in fees that were meant for Verizon to pay. It’s the same thing here.

 

For sure, but you're argument was "why" sites are only offering BTC instead of PayPal.
It's a fact that sites are currently having problems with G2A and some can't even use PAYPAL.

 

The other guy in this posts makes some very valid points that are facts of why this happening. The original poster is assuming these things are happening for an assumed reason. Original poster has a very good assumption. Interested to see what happens in the near future.

On another note, could you imagine if Paypal was secure and didn’t have any charge backs problems and everyone had a 98% success rate.. lmao

 

It's so lame that PayPal has charge backs..

 

i dont think skrill has chargebacks?

 

It does

People don't pay with BTC because it's failing and they want to dump it.. People have been using btc for years, nothing will change. Crypto is the only non-refundable method of payment

 

Ive personally read the entirety of PayPal and Skrill terms of service to see if I should use one over the other for payments

And if i remember correctly, Skrill can be charged back. Not only that, but if the payer doesn't have a skill account, the receiver of the money is not secure in actually receiving the money, because they received it as a payment from somebody without an account. You also are not allowed to sell gaming services via Skrill, so they have no reason to pay out if they believe you are running any sort of account/powerleveling services

 

but ppl refund paypal bro

 

I get that people refund with paypal, but what I'm talking about here is the fact that they refuse to PAY OUT FOR GOLD, not ACCEPT PAYPAL. There's a reason they accept it all day, but wont pay it out. They're trying to minimize their loss, because they're losing money every second they own BTC. If they use it as a currency, they're making profit with their business, so they're offsetting their losses by dumping their BTC. Some sites are already back to paying out paypal. It took me 5 minutes to find a site that would pay me with paypal, rather than the 1-2 hours it took when I made this post. I had to find a private buyer because the sites refused to pay anything out but shit currency.

Totally understand that g2a may not be paying out as promptly as they'd like. But again, with any decent management, there would have been preventative measures. With any business, there's losses you have to take so you don't have to fuck your customers to fix the issue. Normally, it's done with write-offs on taxes. Unsure how taxes work with this sort of thing, but any decent business is writing it off and taking a small loss so they don't fuck their customers up. If you're fucking over your customers to sustain yourself, your business is failing.

 

You just sound very angry over getting told no paypal by too many sellers. These are not corporations you can complain about business practices after the manager doesnt give you what you want. Just move on. You said it yourself, it took a bit of time to find one while you waste time here.

Love how much rage you got against BTC because of it though. xD

 

What is the reason for bitcoin crashing? It seemed pretty hawt towards the middle of the year lol

 

it was profitable when btc was big last year..

 

Epic Foreshadowing. Had to come one day.

 

Coming back to this thread, good job. It's been on a HUGE decline.

 

Check btc prices. I don’t sound like anything but pro consumer.

 

Right, but that’s what this post is about. It’s was worth $20,000 each btc last year. Under $3,000 as a few days ago, don’t feel like checking today.