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aren't bitcoin transactions irreversible, making it incompatible with PayPal general policies?
by aioprisan 14y ago
aren't bitcoin transactions irreversible, making it incompatible with PayPal general policies?
- bonzoesc 14y agoBitcoin transactions are irreversible, but so are cash transactions. Wrapping either currency with a transaction model that introduces a delay between commitment and transfer allows reversing during the delay. Paypal transactions are reversible because there's a delay between me confirming the order with a merchant and the funds appearing in their account. Paypal bitcoin would be similar; I deposit BTC with Paypal, and a week or two after I approve sending to a merchant, the merchant gets BTC in their Paypal account.
- illuminate 14y agoIt's a perfect method to transfer BTC ~into~ someone's PayPal account.