Sending money to someone in India with PayPal: forced to treat it as a purchase with 6% merchant fee and a conversion fee. They need to confirm the payment and mark a product as shipped. Money is frozen until confirming a product was received, which cannot be done for 48 hours.
Conversation
They pretty much treat anyone in India as being a scammer.
Meanwhile, simply sending the money with Bitcoin on-chain with a very low fee ends up taking about the same amount of time while having a flat fee worth about a dollar. No risk of it being held indefinitely by PayPal.
2
19
I don't even want to get into how ridiculous it is trying to send money internationally via banks rather than PayPal. It's quite unfortunate that India is cracking down on using cryptocurrency. Bitcoin is by far the best way for us to fund open source developers around the world.
2
2
21
Could use Lightning to avoid paying any non-negligible fees but in practice it has to be converted back to on-chain Bitcoin on their end so it can't help us. Similarly, they would just have to convert Monero to Bitcoin.
Bitcoin is the only form of money that's actually usable.
2
16
GrapheneOS heavily depends on Bitcoin for funding developers internationally. Any financial service where they can discriminate against a whole country like this is simply trash. Dealing with PayPal, Shopify, Stripe, banks, etc. is never ending pain. It's not actually your money.
1
4
23
I don't know how else you're supposed to deal with sending money to people in assorted countries. PayPal would probably freeze my entire account for months again without ever replying to my support requests if I started using heavily for sending money rather than only receiving.
Replying to
What's up with Transferwise ? Looks good with negligible fees. Pretty much every Indian living abroad uses it if they need to send money back home.