That my opinion, the future will tell
Topic: EBay and Bitcoin - page 3. (Read 3507 times)
I think the only reason Ebay will never accept bitcoin on the first place is that you can't do a chargeback when you do a purchase and something happens with the stuff you bought. Also Ebay and Paypal are the same companies, Paypal see the bitcoin crytocurrency as a treat and I don't think it will accept it as a payment form.
That my opinion, the future will tell
That my opinion, the future will tell
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.
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.
the only reason is the number 3 because it is the crucial part of buying something online from a random person and also the fact that not enough people are using bitcoin.
the amount of fees you are paying with bitcoin (which is a lot less than any other method of payment) is enough to encourage anyone to start using bitcoin but sadly some people fail to see this.
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.
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.
I also thinking about why eBay do not accept bitcoin as payment still. China is number one by bitcoin users, but maybe cause of they are the most on eBay but not all all they don't accept bitcoin still? In many countries people just didn't hear about bitcoin, but eBay could stay for such sellers and buyers other options as payPal.
Most ebay items has paypal's money refund service, with bitcoin payments this service isn't possible, you can't get any information about payer, so it causes many problems and also bitcoin's price is changing and maybe it will hurt ebay's earnings. Also there are number of factors why they don't accept bitcoin and also there are many people who prefer paypal and for them and for ebay it's not problem. Ebay don't needs much headache. Also bitcoin is used in dark marketplaces and ebay isn't like that and if they accept it, I think it will hurt their reputation.
Hi guys,
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
Pros :
~ It gives you a alternative, if other payment options are not available to you for some reason.
~ Bitcoin has been the best performing currency for many years
~ You pay less for the transaction, due to smaller fees < No banks or remittance services needed >
~ Cross border transfers < remittance > is cheaper.
~ The transactions are fairly quick and you do not have to wait for bank transfers to go through to fund your account.
~ You can use them as a reliable Escrow services.
Cons :
~ You will have to rely on eBay as a third party and Bitcoin was designed not to use third parties.
~ eBay will add fees for their services, which will make Bitcoin transactions more expensive.
~ eBay can manipulate transactions, like they are doing now. < centralized control >
would you include in the cons that generally a bitcoin is worth a lot of money in national currencies (for example 1 bitcoin is almost 670 euros) and so the common consumer is not willing to change this much money?
the first thing is there are more paypal and usd dollar user compare to bitcoin users, ebay amazon or any big shop still haven't see the potential of bitcoin, and i think they are afraid of the negative reputation of bitcoin which will affected their reputation, but i believe one day ebay will be accepted bitcoin, if bitcoin got a good reputation and there are already a lot of people use bitcoin
ok they are many paypal users but still they are countries that dont allow paypay or allow in some point for example in my country i can only store money on paypal i can purchase or withdrawn them later this is bad but when i send bitcoin to my money account goes smooth with no issues
still think that in no so far future i mean in next few years we will see bitcoin accepted on ebay and amazon
Are you sure about that percentage of Chinese users of eBay?
Because if we're talking about online shop here, there is 'Alibaba' which is owned by China.
That one has most of its users being Chinese, for sure.
Because if we're talking about online shop here, there is 'Alibaba' which is owned by China.
That one has most of its users being Chinese, for sure.
the thing that usually people forget when they talk about bitcoin payment for buying from individuals (not a trusted and well known service) is the charge back option.
when someone wants to buy from ebay they want to have the option to charge back if the seller sent them a bad product, like broken, wrong thing, ... and they can not do it with bitcoin.
and that only is restricted to buying from individuals because we can not trust them ever even if they have a good history but a real place which is running a business is different for example you never think twice when buying things from Steam, or pay for your VPN service with bitcoin.
when someone wants to buy from ebay they want to have the option to charge back if the seller sent them a bad product, like broken, wrong thing, ... and they can not do it with bitcoin.
and that only is restricted to buying from individuals because we can not trust them ever even if they have a good history but a real place which is running a business is different for example you never think twice when buying things from Steam, or pay for your VPN service with bitcoin.
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I also thinking about why eBay do not accept bitcoin as payment still. China is number one by bitcoin users, but maybe cause of they are the most on eBay but not all all they don't accept bitcoin still? In many countries people just didn't hear about bitcoin, but eBay could stay for such sellers and buyers other options as payPal.
but with the help from third party, we can buy product in eBay and pay with bitcoin. i think only few people in china which is using bitcoin and maybe its only under in 50% from their population. and for the eBay itself i think eBay will make integrated with bitcoin soon and paypal is still best option payment because paypal is really secure and protect their members when they go shopping.
Hi guys,
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
Pros :
~ It gives you a alternative, if other payment options are not available to you for some reason.
~ Bitcoin has been the best performing currency for many years
~ You pay less for the transaction, due to smaller fees < No banks or remittance services needed >
~ Cross border transfers < remittance > is cheaper.
~ The transactions are fairly quick and you do not have to wait for bank transfers to go through to fund your account.
~ You can use them as a reliable Escrow services.
Cons :
~ You will have to rely on eBay as a third party and Bitcoin was designed not to use third parties.
~ eBay will add fees for their services, which will make Bitcoin transactions more expensive.
~ eBay can manipulate transactions, like they are doing now. < centralized control >
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?
Honestly I think It's like a kind of policy by ebay that's why they don't accept payments in Bitcoin or may be costumers safety purposes they use paypal or credit card instead of BTC There have another point charge back issues suppose they accept it they are not only unable to handle it but also it can be direct threat to their payment platform (paypal) for Crypto popularity. 
Hi guys,
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
There wasn't a clear statement about it, It may get a good or bad result. You could have asked this with ebay customer support. what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
I think it can be the same as amazon. that has alternative like purse.io for now we are still waiting for other site that bitcoin can be accepted as payment or even alternative if we are need to buy or shopings online like lazada or ebay which is until now no news or plan that they will added bitcoin as acceptable payment..
For now for customers safety they will still prefer to use paypal instead and i hope owner of purse.io to start a new business or ebay added to purse io..
For now for customers safety they will still prefer to use paypal instead and i hope owner of purse.io to start a new business or ebay added to purse io..
Hi guys,
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)
doesn't anyone know their history? all the endless china ban crap in 2013/14 was because bitcoin was starting to be used for commerce in china. the chinese government decided that was a bad idea and put a halt to it. after that they were free to trade it and collect it, not to use it to pay for anything.
i'm sure businesses could accept it but if volumes started to grow they might get shut down. and there's no way ebay would allow it out in the open. no protection for buyer or seller and that's their main thing.
i'm sure businesses could accept it but if volumes started to grow they might get shut down. and there's no way ebay would allow it out in the open. no protection for buyer or seller and that's their main thing.
Can some one link to where ebay gives out the demographic breakdown for clients,I was unable to find anything in a quick search.
Will have to look into how safe those localbitcoin giftcards are that Bayarea mentions. Hoping it is not just a American thing and us Canadians can take advantage as well.
Will have to look into how safe those localbitcoin giftcards are that Bayarea mentions. Hoping it is not just a American thing and us Canadians can take advantage as well.
I think even they have large bitcoin farming ebay can not be still trust bitcoin or buyers are not trusting to use bitcoin since it is new in their ear they are using paypal instead or credit card because it is for safety purposes costumers always the service of charge back or dispute. unlike in bitcoin after you send you can not recover back your bitcoin..This is i think the reason.
Bitcoins on ebay would be great for sellers. Shit, if I wanted to, I can go hop on ebay right now, order a 2000$ item, get it shipped, sign for it, take a photo of me holding the item and send it to the seller, leave a positive feedback ... and then file a chargeback and I would win the case. No joke. The chargeback situation on ebay is bad, which is why I stopped selling there. I only got hit for $50 (loss of $15 total), but that was enough evidence for me that ebay/paypal is not a platform that I am comfortable receiving money on
I am trying to implement ways of accepting bitcoins in my offline business.
I just feel like it is way too confusing for people. I spent about half an hour trying to explain it to the main and she didn't know wtf I was trying to say lol.
I am trying to implement ways of accepting bitcoins in my offline business.
I just feel like it is way too confusing for people. I spent about half an hour trying to explain it to the main and she didn't know wtf I was trying to say lol.
Ebay has a ton of exposure. Honestly a lot more than bitcoin. PayPal is owned (but now a separate entity) by eBay. They most likely won't be accepting BTC anytime soon if it's still looked at as competition. If PayPal starts accepting bitcoin as a currency then we're golden.
Ebay never gonna accept bitcoin for sure as bitcoin is direct threat to their payment platform (paypal). If they start accepting bitcoin how they gonna handle charge back issues.
Never is a long time my friend... You want to tell me, a company will stick with PayPal when the world goes Bitcoin? ... eBay can incorporate
Bitcoin as a payment option tomorrow, if they want to. If they want consumer protection, they can just force people to use third party payment
processors. These companies have to adhere to strict KYC/AML regulations and they can block people's accounts, if something goes wrong.
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