EBay and Bitcoin | Bitcointalksearch.org

Yakamoto

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Quote from: Doamader on December 07, 2016, 05:31:00 PM

The problem of Ebay isnt not accepting bitcoin but their high fees, if they accept bitcoin and keep with their high fees it wont change anything, besides the fact to bitcoin start to become more famous. This is something they must take care, since bitcoins are connected to low fees, ebay should reduce their fees if they would work with bitcoin, otherwise we would see the complaints raising a lot.

EBay makes money on those fees, and it's part of the reason why they are able to maintain their website and services in the same way that they do right now. As much as everyone would love to have those fees lower, the company still has to be a money-maker for the shareholders, and if they can't do that, everyone loses out on the service.

It sucks how that works, but that's just how it is. It can't be fixed easily.

Juggy777

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Quote from: Doamader on December 07, 2016, 05:31:00 PM

The problem of Ebay isnt not accepting bitcoin but their high fees, if they accept bitcoin and keep with their high fees it wont change anything, besides the fact to bitcoin start to become more famous. This is something they must take care, since bitcoins are connected to low fees, ebay should reduce their fees if they would work with bitcoin, otherwise we would see the complaints raising a lot.

Ya eBay and lowering their fees it will take a valiant effort to do that, not really sure they will be willing to do it. Unless every one decides to unite and tell them to do it. That's again not Easy for everyone to be United and do it. It can only happen if everyone speaks in one voice, though the clamor for Bitcoin is rising, it's not risen that enough to force them. Let's see what happens in near future.

Doamader

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The problem of Ebay isnt not accepting bitcoin but their high fees, if they accept bitcoin and keep with their high fees it wont change anything, besides the fact to bitcoin start to become more famous. This is something they must take care, since bitcoins are connected to low fees, ebay should reduce their fees if they would work with bitcoin, otherwise we would see the complaints raising a lot.

Juggy777

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Quote from: fiscorcle on December 01, 2016, 10:06:48 PM

Quote from: gmflash7times on December 01, 2016, 09:04:54 PM

Ebay wont accept bitcoin because they would nor be able to enforce there refund policies with an irreversible currency.

They can not accept bitcoin because ebay owns paypal. And we all know what paypal thinks about bitcoin
Roll Eyes

So this marriage in heaven will never ever happen. Paypal wants to keep ebay too them selves and will never want to give up that way of making their customer's pay for these items from them.

Ebay and paypal have split into two different companies. Sooner or later eBay shall accept Bitcoin cause it will be the most dominant force in the Industry. The only question is when. I feel when literally every one is on it, eBay shall have no problem accepting it.

fiscorcle

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Quote from: gmflash7times on December 01, 2016, 09:04:54 PM

Ebay wont accept bitcoin because they would nor be able to enforce there refund policies with an irreversible currency.

They can not accept bitcoin because ebay owns paypal. And we all know what paypal thinks about bitcoin
Roll Eyes

So this marriage in heaven will never ever happen. Paypal wants to keep ebay too them selves and will never want to give up that way of making their customer's pay for these items from them.

Juggy777

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Quote from: hisuka on December 01, 2016, 09:29:19 PM

I guess they consider other buyers that not all are bitcoin
users. Though, we know china controls bitcoin but not all
people adapts it to use. In ebay, i think they dont have
bitcoin payment as they consider for general buyers.

Or maybe eBay does not even know that we all could use Bitcoin as a payment. It would be wonderful to use it. Rather every time exchange and pay. Bitcoin is safer and easier, though paypal also has its benefits, I am waiting for eBay to adopt to Bitcoin soon

South Park

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I think it has to do with chargeback, chargebacks are there to protect the buyer and the buyers love it, bitcoin in the other hand switches the power to the seller so I think if the sellers want to incentive the ebay users to buy from them they will need to offer discounts with bitcoin, and I don't think they are prepared to do that.

hisuka

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I guess they consider other buyers that not all are bitcoin
users. Though, we know china controls bitcoin but not all
people adapts it to use. In ebay, i think they dont have
bitcoin payment as they consider for general buyers.

gmflash7times

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Ebay wont accept bitcoin because they would nor be able to enforce there refund policies with an irreversible currency.

robelneo

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Buyer protection this is what they offer to their clients,this is the reason why they do not accept crypto currency and of course we all know that paypal and ebay used to be sister company and paypal has something against crypto currency.

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EBay as a global shopping service provider has been in collaboration with various payment processors to get attention of most people around the globe. But till now it has not officially started accepting bitcoin payment for shopping purposes. Only very few traders of eBay has started accepting bitcoin which might grow little by little.

calkob

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I thought that ebay had stopped people from buying bitcoin ages ago, i got stung myself on there selling and accepting paypal as payment. people using phished accounts, not good Cry

severaldetails

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Quote from: Babayega31 on November 28, 2016, 10:01:12 AM

Quote from: Omura on November 26, 2016, 04:03:28 PM

Bitcoin will never be used by ebay, they make too much money from paypal. Also, like other posters have mentioned, chargebacks will be more difficult.

Yes, its never been used for paypal but as bitcoin getting more popular for several years we could not stop the possibility that they may adopt the way that bitcoin may applied to their form of payment. In business of online ebay earns money from customers online and how can this ebay business owner refuse if many of their customers using btc suggests them this type if payment transactions. If i were the owner of the business i won't hesitate to plan an implementation regarding this transaction using btc because you can do possible things on business when it comes to profit.

I think that's about the problem. There are not many people who really want to pay with bitcoins on ebay.
And nearly everybody who would like to pay with bitcoins usually can pay with paypal as well. From ebey side including bitcoin payment is just not economic.
When you ad the problem with refunding, I really think that we will never see bitcoin as a payment optin on ebay.

Babayega31

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Quote from: Omura on November 26, 2016, 04:03:28 PM

Bitcoin will never be used by ebay, they make too much money from paypal. Also, like other posters have mentioned, chargebacks will be more difficult.

Yes, its never been used for paypal but as bitcoin getting more popular for several years we could not stop the possibility that they may adopt the way that bitcoin may applied to their form of payment. In business of online ebay earns money from customers online and how can this ebay business owner refuse if many of their customers using btc suggests them this type if payment transactions. If i were the owner of the business i won't hesitate to plan an implementation regarding this transaction using btc because you can do possible things on business when it comes to profit.

staff_1307

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I think it's not bad because it's faster and more convenient.

JasonXG

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Quote from: Juggy777 on November 15, 2016, 11:34:19 PM

For a long time I have been reading that it's China who controls the Bitcoins market. 60-80% of sellers on eBay are from China. So my question is why don't they accept payments in Bitcoin and why they insist on the paypal only? Shouldn't they be changing according to times? Or they can't change due to regulations?

The Chinese are communists what do you expect ?

Quote from: MingLee on November 27, 2016, 01:02:17 AM

Quote from: Victorycoin on November 27, 2016, 12:37:50 AM

Quote from: Slark on November 17, 2016, 05:13:35 AM

Some reasons behind lack of eBay bitcoin adoption:

1. PayPal is owned by eBay - and both these companies are not here necessarily to make world a better place but to gain profits.
Introducing bitcoin payments on eBay would cut their profits rather substantially (sellers are paying fee: 2.9% + $0.30 per transaction).

2. There are more than 192 million PayPal's accounts active worldwide. Meanwhile bitcoin is used by less than 10 million people.

3. You need chargeback option on eBay. Bitcoin is not giving you that.

That summarizes it, Paypal was made for ebay, so anyone wanting to do business on ebay needed to own a Paypal account, that was how the millions of clients came about. Now that bitcoin is here and breaking borders, it present a threat to Paypal, so it is not something they are willing to consider in a rush though they are mindful of the potential bitcoin holds for ebay.

Not having the ability for chargebacks with bitcoin, is not a major issue, because a well structured escrow is well able to take care of that.

The issue for Ebay becomes whether or not they deem it valuable to design a decent escrow system and if they will make or lose money off of having it in place. There comes a point where having the ability to charge back is a far easier solution than designing a perfect system to get around the flaws. While I agree with you, form them it might just not be feasible.

Bitcoin doesnt need chatge back options wtf ?? Only a scammer would say such a thing !

They use PayPal because it makes them much more money off the thieving palpays massive fees. Easy to figure out.
Like with everything its all about money and profots and how to keep those profits.

MingLee

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Quote from: Victorycoin on November 27, 2016, 12:37:50 AM

Quote from: Slark on November 17, 2016, 05:13:35 AM

Some reasons behind lack of eBay bitcoin adoption:

1. PayPal is owned by eBay - and both these companies are not here necessarily to make world a better place but to gain profits.
Introducing bitcoin payments on eBay would cut their profits rather substantially (sellers are paying fee: 2.9% + $0.30 per transaction).

2. There are more than 192 million PayPal's accounts active worldwide. Meanwhile bitcoin is used by less than 10 million people.

3. You need chargeback option on eBay. Bitcoin is not giving you that.

That summarizes it, Paypal was made for ebay, so anyone wanting to do business on ebay needed to own a Paypal account, that was how the millions of clients came about. Now that bitcoin is here and breaking borders, it present a threat to Paypal, so it is not something they are willing to consider in a rush though they are mindful of the potential bitcoin holds for ebay.

Not having the ability for chargebacks with bitcoin, is not a major issue, because a well structured escrow is well able to take care of that.

The issue for Ebay becomes whether or not they deem it valuable to design a decent escrow system and if they will make or lose money off of having it in place. There comes a point where having the ability to charge back is a far easier solution than designing a perfect system to get around the flaws. While I agree with you, form them it might just not be feasible.

Victorycoin

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Quote from: Slark on November 17, 2016, 05:13:35 AM

Some reasons behind lack of eBay bitcoin adoption:

1. PayPal is owned by eBay - and both these companies are not here necessarily to make world a better place but to gain profits.
Introducing bitcoin payments on eBay would cut their profits rather substantially (sellers are paying fee: 2.9% + $0.30 per transaction).

2. There are more than 192 million PayPal's accounts active worldwide. Meanwhile bitcoin is used by less than 10 million people.

3. You need chargeback option on eBay. Bitcoin is not giving you that.

That summarizes it, Paypal was made for ebay, so anyone wanting to do business on ebay needed to own a Paypal account, that was how the millions of clients came about. Now that bitcoin is here and breaking borders, it present a threat to Paypal, so it is not something they are willing to consider in a rush though they are mindful of the potential bitcoin holds for ebay.

Not having the ability for chargebacks with bitcoin, is not a major issue, because a well structured escrow is well able to take care of that.

Shiroslullaby

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Paypal will remain the preferred payment method because it gives them more control,
and the ability to collect fees twice.
(Once from item being listed and again when its paid for.)

The Sceptical Chymist

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It doesn't matter if 100% of sellers are from China. If those sellers don't use bitcoin, it doesn't matter. I cannot imagine the adoption rate of bitcoin is anywhere near even 10% in China. And Ebay is a US company that apparently doesn't (yet) like bitcoin. Has a little something to do with them owning PayPal, which, even though they're now separate companies, are still very much intertwined.

Maybe someday we'll see bitcoin being used on Ebay. I have offered it as a payment method a few times while selling things, but everyone seems to like PayPal just fine.

Topic: EBay and Bitcoin (Read 3507 times)