Is it possible to refund family and friends in cryptocurrency through PayPal?

3 answers

• CaptainDApr 27, 2021 · 4 years ago
  Yes, it is possible to refund family and friends in cryptocurrency through PayPal. PayPal has recently introduced a feature that allows users to buy, hold, and sell cryptocurrencies directly within their PayPal account. This means that you can send Bitcoin or other supported cryptocurrencies as a refund to your family and friends. The process is similar to sending a regular payment through PayPal, but instead of selecting a fiat currency, you choose the cryptocurrency you want to send. Keep in mind that both the sender and the recipient need to have a PayPal account and the recipient needs to have a cryptocurrency wallet to receive the funds. Additionally, PayPal may charge fees for cryptocurrency transactions, so make sure to check their fee schedule before initiating the refund.
  791

  396
• tm_w_pOct 02, 2022 · 3 years ago
  Absolutely! PayPal now supports cryptocurrency transactions, which means you can refund your family and friends in Bitcoin or other cryptocurrencies. To do this, you need to have a PayPal account and link it to your cryptocurrency wallet. Once linked, you can choose the cryptocurrency you want to send as a refund and enter the recipient's wallet address. PayPal will handle the conversion from cryptocurrency to fiat currency on the recipient's end, so they will receive the equivalent amount in their local currency. However, it's important to note that PayPal may charge fees for these transactions, so be sure to check their fee schedule before proceeding with the refund.
  677

  226
• EthenYangDec 30, 2024 · 7 months ago
  Yes, it is possible to refund family and friends in cryptocurrency through PayPal. However, it's worth mentioning that PayPal's cryptocurrency feature is currently only available in select countries. If you're located in one of the supported countries, you can easily send Bitcoin or other cryptocurrencies as a refund. The process is straightforward: you select the cryptocurrency you want to send, enter the recipient's wallet address, and confirm the transaction. Keep in mind that PayPal may charge fees for cryptocurrency transactions, so it's a good idea to review their fee schedule before initiating the refund. If you have any further questions, feel free to reach out to PayPal's customer support for assistance.
  722

  181