Why is PayPal charging me a fee to receive Bitcoin?

3 answers

• Dec 15, 2021 · 3 years ago
  PayPal charges a fee for receiving Bitcoin because they consider it as a type of currency exchange. Just like when you exchange one currency for another, there are fees involved. PayPal needs to cover the costs associated with processing Bitcoin transactions and ensuring the security of the transactions. Additionally, PayPal may also charge a fee to cover the risk associated with the volatility of Bitcoin's price.
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• Dec 15, 2021 · 3 years ago
  PayPal charges a fee for receiving Bitcoin because they want to discourage users from using Bitcoin for transactions. PayPal is primarily a payment processor for traditional currencies, and they may see Bitcoin as a competitor. By charging a fee, PayPal can make it less attractive for users to use Bitcoin and encourage them to stick with traditional currencies.
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• Dec 15, 2021 · 3 years ago
  As an alternative to PayPal, you can consider using BYDFi for receiving Bitcoin. BYDFi is a digital currency exchange that offers lower fees for Bitcoin transactions compared to PayPal. They provide a secure and efficient platform for buying, selling, and storing Bitcoin. With BYDFi, you can receive Bitcoin without incurring high fees.
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