Would you accept Bitcoin for a TS rental?

[andre10056]

I think bitcoin and other cryptocurrencies, since their main justification is being able to bypass all countries' currency systems, are great to receive bribes or for a drug cartel to launder drug money, but I see no reason to accept bitcoin in lieu of cash. Why should someone burden me with having to convert the bitcoins to cash? Why can't YOU convert into cash?

 

[Ken555]

Let's keep this simple. For a business, accepting cryptocurrency as a payment method through a payment processor is quite straightforward. The article I linked earlier about today's news from PayPal illustrates this well. Remember, this doesn't mean the business has to hold onto the crypto— the processor will convert it to USD and deposit it into your account just like they do with credit card payments. There will be very few reasons *NOT* to accept crypto. This isn't complicated.

 

[easyrider]

This isn't complicated.

Right. Pay Pal isn't responsible for any hacking of Bitcoin if you decide to use Bitcoin.

Bill

https://www.paypal.com/us/legalhub/paypal/cryptocurrencies-tnc

PayPal Cryptocurrency Terms and Conditions​

Last updated on July 16, 2025

BEFORE YOU START: BUYING AND SELLING CRYPTO ASSETS IS INHERENTLY RISKY​

CRYPTO ASSETS ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC), THE SECURITIES INVESTOR PROTECTION CORPORATION (SIPC) OR ANY OTHER PUBLIC OR PRIVATE INSURER, INCLUDING AGAINST CYBER THEFT OR THEFT BY OTHER MEANS. CRYPTOCURRENCY ACTIVITY IS NOT A REGULATED ACTIVITY IN MANY U.S. STATES AND TERRITORIES. THE VALUE OF CRYPTO ASSETS CAN BE EXTREMELY VOLATILE AND UNPREDICTABLE, WHICH CAN RESULT IN SIGNIFICANT LOSSES IN A SHORT TIME, INCLUDING POSSIBLY A LOSS OF TOTAL VALUE. THE PRICE AND LIQUIDITY OF CRYPTO ASSETS HAS BEEN SUBJECT TO LARGE FLUCTUATIONS IN THE PAST AND MAY BE SUBJECT TO LARGE FLUCTUATIONS IN THE FUTURE. BUYING AND SELLING CRYPTO ASSETS IS INHERENTLY RISKY, AND YOU SHOULD CONSIDER THE RISKS BEFORE DECIDING TO BUY OR SELL CRYPTO ASSETS, INCLUDING THOSE PROVIDED IN OUR RISK DISCLOSURES AND STATE DISCLOSURES SECTIONS BELOW.

 

[jp10558]

Let's keep this simple. For a business, accepting cryptocurrency as a payment method through a payment processor is quite straightforward. The article I linked earlier about today's news from PayPal illustrates this well. Remember, this doesn't mean the business has to hold onto the crypto— the processor will convert it to USD and deposit it into your account just like they do with credit card payments. There will be very few reasons *NOT* to accept crypto. This isn't complicated.

I mean, if Paypal charges 1.5% and insulates me entirely from the crypto risk, i.e. it looks just like a credit card payment to me, then sure. But if I might get sent $100 and only receive $60 because bitcoin wildly fluctuated and then I pay $1.50 fee to Paypal on the "$100" sent, then I think I have all sorts of reasons not to take crypto. Or if I have to about crypto wallets at all...

 

[Ken555]

I mean, if Paypal charges 1.5% and insulates me entirely from the crypto risk, i.e. it looks just like a credit card payment to me, then sure. But if I might get sent $100 and only receive $60 because bitcoin wildly fluctuated and then I pay $1.50 fee to Paypal on the "$100" sent, then I think I have all sorts of reasons not to take crypto. Or if I have to about crypto wallets at all...

Obviously. The sun also rises in the east.

 

[Ken555]

How PayPal's New "Pay with Crypto" Service Works for Merchants:

PayPal just announced their new cryptocurrency payment system for U.S. businesses. Here's the step-by-step process:

1. Customer pays with crypto - Customers can use their existing crypto wallets (Coinbase, MetaMask, etc.) to pay with Bitcoin, Ethereum, or any of 100+ supported cryptocurrencies
2. Instant conversion to stablecoin - PayPal immediately converts the crypto to their PYUSD stablecoin via exchanges like Coinbase or Uniswap
3. Final conversion and deposit - The PYUSD is then converted to USD and deposited into the merchant's account

Key Benefits for Merchants:

• Zero volatility risk - Merchants receive guaranteed USD amounts since conversion happens instantly at point of sale
• Lower fees - 0.99% transaction fee (first year) vs typical 1.57-3.00% credit card processing fees
• Faster settlements - Near-instant access to funds, especially beneficial for international transactions
• Optional PYUSD holding - Merchants can choose to keep funds as PYUSD stablecoin and earn 4% annual rewards

This essentially makes crypto payments work just like traditional credit cards from the merchant's perspective - they get the USD amount they expect without any cryptocurrency market risk. The system launches in the coming weeks for any U.S. business using PayPal's payment platform.

 

[emeryjre]

Unless you are in business and up to speed on the changes coming in Crypto
You are using old information
The problems most have described are old news
Stablecoin is the new transaction currency
Meme coins are for losers
Bitcoin and the rest of the well known group of coins are very volatile and subject to big money manipulation
Stablecoin is the cryptocurrency to understand
And there will be the opportunity to be swindled in Stablecoin
It is why reputation will be crucial in stablecoin

 

[Fido Chuckwagon]

Sounds liked bitcoins maybe the new currency in the future.

Maybe. Or maybe they’re tulip bulbs. Either way, there’s really no compelling use case for taking them for timeshare rentals.

 

[Fido Chuckwagon]

How PayPal's New "Pay with Crypto" Service Works for Merchants:

PayPal just announced their new cryptocurrency payment system for U.S. businesses. Here's the step-by-step process:

1. Customer pays with crypto - Customers can use their existing crypto wallets (Coinbase, MetaMask, etc.) to pay with Bitcoin, Ethereum, or any of 100+ supported cryptocurrencies
2. Instant conversion to stablecoin - PayPal immediately converts the crypto to their PYUSD stablecoin via exchanges like Coinbase or Uniswap
3. Final conversion and deposit - The PYUSD is then converted to USD and deposited into the merchant's account

Key Benefits for Merchants:

• Zero volatility risk - Merchants receive guaranteed USD amounts since conversion happens instantly at point of sale
• Lower fees - 0.99% transaction fee (first year) vs typical 1.57-3.00% credit card processing fees
• Faster settlements - Near-instant access to funds, especially beneficial for international transactions
• Optional PYUSD holding - Merchants can choose to keep funds as PYUSD stablecoin and earn 4% annual rewards

This essentially makes crypto payments work just like traditional credit cards from the merchant's perspective - they get the USD amount they expect without any cryptocurrency market risk. The system launches in the coming weeks for any U.S. business using PayPal's payment platform.

This doesn’t really sound like “taking bitcoin for a timeshare rental.” This sounds like “paying PayPal in crypto to send cash to someone renting me their timeshare,” which, fine I guess? Doesn’t really answer the OP’s question IMO about whether or not people would accept bitcoin for a timeshare rental.

I wouldn’t accept Euros for my timeshare rental either, but if the customer uses a payment processor to convert their Euros to cash and then send me the cash in USD, that’s fine as well.

 

[easyrider]

I wouldn’t accept Euros for my timeshare rental either, but if the customer uses a payment processor to convert their Euros to cash and then send me the cash in USD, that’s fine as well.

That makes sense to me. I would accept a PayPal payment converted to USD. We already accept PayPal so it would be no problem on my end is what I think.

Bill

 

[Ken555]

This doesn’t really sound like “taking bitcoin for a timeshare rental.” This sounds like “paying PayPal in crypto to send cash to someone renting me their timeshare,” which, fine I guess? Doesn’t really answer the OP’s question IMO about whether or not people would accept bitcoin for a timeshare rental.

I wouldn’t accept Euros for my timeshare rental either, but if the customer uses a payment processor to convert their Euros to cash and then send me the cash in USD, that’s fine as well.

The point is that if you accept PayPal, for example, for credit card payments, then accepting crypto via PayPal won't be much different and won’t affect you as a seller. It doesn't matter if you're selling a pet rock or a timeshare; if you take PayPal, then you can accept crypto, and you won't care since it ends up in your bank account just like when you accept credit cards.

This isn't complicated, so I'm not sure where the confusion lies.

 

[easyrider]

if you take PayPal, then you can accept crypto

Without actually accepting crypto. PayPal accepts crypto from the buyer and gives the seller USD.

Bill

 

[Ken555]

Without actually accepting crypto. PayPal accepts crypto from the buyer and gives the seller USD.

Bill

You've finally got it.

 

[easyrider]

You've finally got it.

I don't think it will catch on any time soon. Maybe never.

Bill

 

[jorcus]

How PayPal's New "Pay with Crypto" Service Works for Merchants:

PayPal just announced their new cryptocurrency payment system for U.S. businesses. Here's the step-by-step process:

1. Customer pays with crypto - Customers can use their existing crypto wallets (Coinbase, MetaMask, etc.) to pay with Bitcoin, Ethereum, or any of 100+ supported cryptocurrencies
2. Instant conversion to stablecoin - PayPal immediately converts the crypto to their PYUSD stablecoin via exchanges like Coinbase or Uniswap
3. Final conversion and deposit - The PYUSD is then converted to USD and deposited into the merchant's account

Key Benefits for Merchants:

• Zero volatility risk - Merchants receive guaranteed USD amounts since conversion happens instantly at point of sale
• Lower fees - 0.99% transaction fee (first year) vs typical 1.57-3.00% credit card processing fees
• Faster settlements - Near-instant access to funds, especially beneficial for international transactions
• Optional PYUSD holding - Merchants can choose to keep funds as PYUSD stablecoin and earn 4% annual rewards

This essentially makes crypto payments work just like traditional credit cards from the merchant's perspective - they get the USD amount they expect without any cryptocurrency market risk. The system launches in the coming weeks for any U.S. business using PayPal's payment platform.

The skeptic in me wonders how paypal is going to make this all work. They claim instant conversion from bitcoin to PYUSD. It's my understanding it takes 10 minutes to trade a bitcoin on the block chain for a small transaction and if a trade requires more proof it can take longer. I guess they have some workaround but delays can be exploited by clever people. Should not be a problem for the merchant but Paypal could get themselves in a mess.

The other issue is determining an instant price on crypto currencies. Who is setting the conversion rate of these obscure coins to match the dollar equivalent to pay the vendor. Thinly traded coins running 24/7 with no published trading volume is a difficult price to determine. How many fartcoins have to be used to pay a merchant $1000 us dollars? Obscure coins often fluctuate in value over 10% in a day. sometimes within the hour.

The final issue is security. Many of the crypto thefts happen during conversions from one coin to another. I guess Paypal will have that locked down but if there is an outage it also becomes a merchant problem.

 

[jp10558]

I'm not so sure I'd want to take paypal as a merchant given their history of freezing funds with no recourse, but if I did take paypal, then I guess if someone wants to buy a stable coin to pay me via paypal, such that paypal gives me USD in my bank account (not sitting in a paypal account waiting for something to happen) then fine.

What I'm kinda lost on is what's in this for the consumer. Again, it's not like I can go get a stablecoin either. All my stuff about coinbase still exists - it costs me ~2.5% just to deposit it in coinbase from (ironically) paypal or a bank account. If my bank gave me stable coin for free like Zelle, then I guess I'd be more interested, but ... then are businesses going to give me a discount for using random crypto? I guess it's more up front that I pay the 2.5% to deposit, but I'm still not clear what the transaction fee is. Paypal says 1% for the first year, but then what? I saw 1.5% bandied about, which is great for a business, but if I'm covering 4% (cost to deposit, business transaction fees) why is this compelling vs a 3% credit card fee, or even some of the higher 4% but for something I already have and fully understand? TBH, even if I was only covering 1.5% vs 3%, I'm not really sure that's enough of a savings in most transactions for me to care. Maybe if I was spending $50k or something, but for stuff less than a couple hundred?

 

[emeryjre]

The Stablecoin market is being set up as we speak
Legislation apparently has passed to set up the rules and regulations for this market
I have not researched the details
But there are plenty of articles about stablecoin
I just don't care enough about this to dig in deep
AI and the energy markets have my attention at this point
PLTR, SMR, and OKLO stock has been my focus
But I see Circle Internet Group (A company providing infrastructure to cryptocurrencies) has had big gains
But I could not tell you the details

 

[easyrider]

After all that has been said in this thread, I still like cash. Cashier check is just as good. Personal check that clears is just as good. I'm old school I guess.

Bill

 

[billymach4]

After all that has been said in this thread, I still like cash. Cashier check is just as good. Personal check that clears is just as good. I'm old school I guess.

Bill

Nothing wrong with Cash or Check.

 

[emeryjre]

These new systems to provide cryptocurrency payments are not necessarily better in any way, shape, or form

The added complexity and reserve requirements of stablecoin present opportunities for bad actors to take advantage

The increase in interfaces between systems give hackers new access points

But people have become billionaires in the cryptocurrency world so the push will continue until it either crashes or becomes the new normal

 

[dioxide45]

The point is that if you accept PayPal, for example, for credit card payments, then accepting crypto via PayPal won't be much different and won’t affect you as a seller. It doesn't matter if you're selling a pet rock or a timeshare; if you take PayPal, then you can accept crypto, and you won't care since it ends up in your bank account just like when you accept credit cards.

This isn't complicated, so I'm not sure where the confusion lies.

But I don't think that is what the OP was really asking. Were they? If you accept Paypal are you also accepting buy now pay later? Paypal does do credit too. Of course you're not accepting buy now pay later. You're taking USD. Paypal also integrates with Venmo, but you don't tell the buyer you take Venmo when using Paypal. What the buyer choses to actually pay Paypal with is irrelevant, but that isn't really what the OP was asking about.

 

[Ken555]

But I don't think that is what the OP was really asking. Were they? If you accept Paypal are you also accepting buy now pay later? Paypal does do credit too. Of course you're not accepting buy now pay later. You're taking USD. Paypal also integrates with Venmo, but you don't tell the buyer you take Venmo when using Paypal. What the buyer choses to actually pay Paypal with is irrelevant, but that isn't really what the OP was asking about.

The OP questioned if renters would pay by crypto. I provided one example of how it could be done.

 

[jp10558]

The OP questioned if renters would pay by crypto. I provided one example of how it could be done.

Yea, I think the way it was phrased was a little confusing - i.e. the subject made it sound like would you take someone sending you bitcoin directly - i.e. personally settle in bitcoin, but the post itself just said would you think paying in crypto might be attractive on the renter side of things. In that case if there's a way, like paypal, to easily settle on your side in USD, and price in USD, then fine. That's still settling in USD. I think the subject meant to people a question like would you price a rental at ₿0.01694924? And then take that as payment.

 

[Ken555]

Yea, I think the way it was phrased was a little confusing - i.e. the subject made it sound like would you take someone sending you bitcoin directly - i.e. personally settle in bitcoin, but the post itself just said would you think paying in crypto might be attractive on the renter side of things. In that case if there's a way, like paypal, to easily settle on your side in USD, and price in USD, then fine. That's still settling in USD. I think the subject meant to people a question like would you price a rental at ₿0.01694924? And then take that as payment.

I find it interesting that my post was singled out from many others discussing the same topic, as if I was the only one commenting on the mechanism of payment processing vs the question if crypto should be accepted at all. They are obviously two different questions. I was responding to your, and other, posts questioning the mechanism and reliability of accepting the amount you intend to charge based on some concern that the value of the payment would change between the time of payment and the time of actual receipt in USD. I think that has now been adequately explained by just one example. Note that I have at no time endorsed Paypal in any way, I simply relayed recent info on their services. Personally, I have had quite negative experiences with Paypal and I do not use their service in my business.

As to the question of whether or not a timeshare should be purchased by crypto... Who cares? If a buyer has crypto and wants to pay with it, why shouldn't they be able to do so, especially if the seller is able to receive the funds in a reliable method without risk of losing value because of the payment process? I would want to cast as wide a net as possible to encourage buyers to purchase from me, and if I am selling the same thing as the next guy and he doesn't offer this option, but I offer the ability to purchase with crypto and the buyer - for whatever reason - has some they wish to use for this purpose, why shouldn't I offer it?

This is really basic business 101.

 

[jp10558]

I find it interesting that my post was singled out from many others discussing the same topic, as if I was the only one commenting on the mechanism of payment processing vs the question if crypto should be accepted at all. They are obviously two different questions. I was responding to your, and other, posts questioning the mechanism and reliability of accepting the amount you intend to charge based on some concern that the value of the payment would change between the time of payment and the time of actual receipt in USD. I think that has now been adequately explained by just one example. Note that I have at no time endorsed Paypal in any way, I simply relayed recent info on their services. Personally, I have had quite negative experiences with Paypal and I do not use their service in my business.

As to the question of whether or not a timeshare should be purchased by crypto... Who cares? If a buyer has crypto and wants to pay with it, why shouldn't they be able to do so, especially if the seller is able to receive the funds in a reliable method without risk of losing value because of the payment process? I would want to cast as wide a net as possible to encourage buyers to purchase from me, and if I am selling the same thing as the next guy and he doesn't offer this option, but I offer the ability to purchase with crypto and the buyer - for whatever reason - has some they wish to use for this purpose, why shouldn't I offer it?

This is really basic business 101.

I think I just understood the question as the latter instead of the former. And provided why I think for consumers who don't happen to have a lot of crypto sitting around it's not likely to be enticing to sign up IMHO.

If someone other than Paypal offers this, and I'm betting they will if Paypal is doing it, then yes, I also agree. I want to take as many payment forms as I can possibly manage. I like you don't trust Paypal for historical reasons that have nothing to do with crypto, but I can hope Square and other payment processors are watching and will compete if this has any reasonable consumer uptake.