iam not suprise
as we know that paypal doesn't accept bitcoin
and i think ay doesn't conduct or handle any payments.
eBay uses PayPal and they just decided to spin off the PayPal unit
Topic: Ebay Forbids Bitcoin for Payments (Read 3936 times)
its an old new but is also a very disappointing, many were sad to here that. Acctually ebay should accept bitcoin as a way for payment but those dumbasses are afraid to do so....
it's all about security they simply think that they cannot offer a 100% security with bitcoin, to their customers, and they doubt that the demand is so strong to have bitcoin as a mean of payment
i mean it won't add a major boost in traffic to their load
But this is not new news? When did EBAY ever allow listings where the seller was willing to take btc as a payment. Im sure they have been taking down those listing for the better part of the last 3 years.
No this is not new news, I had a listing taken down 2 years ago for saying I wouold accept btc.
Obviously they know people are looking to use btc, but why would they allow listing to be hosted on their website, only to have people complete tranactions in btc and avoid their listing fees. Similarly if they knew you were going to say send a check and avoid the fees, they wouldnt allow that.
Will be interesting to see if they try to put all this effort into actually allowing btc to be used as payment, rather than wasting all this effort banning its use. They could really open up a HUGE potential for btc use as tey are already worldwide and the largest place to sell stuff online.
The simple option here is to allow Paypal accounts to be funded with bitcoin, I think they have much to gain with this, probably it's even better for them than current system only allowing credit and debit cards.
This is the easiest solution to the problem. If you could fund and withdraw from your PayPal account with Bitcoin. That way buyers can buy with and sellers can receive Bitcoin, but the actual transaction could be backed in case of fraud, as it is now. When it comes down to it, PayPal is their escrow service.
But the thing is there isn't need for Paypal anymore.. there is better escrow technology availible these days, but they are still being developed and in experimental phase, but soon it will be decentralized peer to peer escrowing, paypal will be useless in a decade or two compared to BTC.
Merchants don't want and shouldn't be exposed to bitcoin volatility, it's not that they don't want to be paid with an irreversible, 0% percent fees payment system, it's about the value variation.
For the vast majority of merchants bitcoin is useless.
But this is not new news? When did EBAY ever allow listings where the seller was willing to take btc as a payment. Im sure they have been taking down those listing for the better part of the last 3 years.
No this is not new news, I had a listing taken down 2 years ago for saying I wouold accept btc.
Obviously they know people are looking to use btc, but why would they allow listing to be hosted on their website, only to have people complete tranactions in btc and avoid their listing fees. Similarly if they knew you were going to say send a check and avoid the fees, they wouldnt allow that.
Will be interesting to see if they try to put all this effort into actually allowing btc to be used as payment, rather than wasting all this effort banning its use. They could really open up a HUGE potential for btc use as tey are already worldwide and the largest place to sell stuff online.
The simple option here is to allow Paypal accounts to be funded with bitcoin, I think they have much to gain with this, probably it's even better for them than current system only allowing credit and debit cards.
This is the easiest solution to the problem. If you could fund and withdraw from your PayPal account with Bitcoin. That way buyers can buy with and sellers can receive Bitcoin, but the actual transaction could be backed in case of fraud, as it is now. When it comes down to it, PayPal is their escrow service.
But the thing is there isn't need for Paypal anymore.. there is better escrow technology availible these days, but they are still being developed and in experimental phase, but soon it will be decentralized peer to peer escrowing, paypal will be useless in a decade or two compared to BTC.
But this is not new news? When did EBAY ever allow listings where the seller was willing to take btc as a payment. Im sure they have been taking down those listing for the better part of the last 3 years.
No this is not new news, I had a listing taken down 2 years ago for saying I wouold accept btc.
Obviously they know people are looking to use btc, but why would they allow listing to be hosted on their website, only to have people complete tranactions in btc and avoid their listing fees. Similarly if they knew you were going to say send a check and avoid the fees, they wouldnt allow that.
Will be interesting to see if they try to put all this effort into actually allowing btc to be used as payment, rather than wasting all this effort banning its use. They could really open up a HUGE potential for btc use as tey are already worldwide and the largest place to sell stuff online.
The simple option here is to allow Paypal accounts to be funded with bitcoin, I think they have much to gain with this, probably it's even better for them than current system only allowing credit and debit cards.
This is the easiest solution to the problem. If you could fund and withdraw from your PayPal account with Bitcoin. That way buyers can buy with and sellers can receive Bitcoin, but the actual transaction could be backed in case of fraud, as it is now. When it comes down to it, PayPal is their escrow service.
Bitcoin by design favors the seller over the buyer with no fraud protection and terminal transactions. eBay is the exact opposite favoring the buyer over the seller by providing fraud protection against scamming sellers. That's the reason they got so big. Customers feel comfortable shopping at eBay because they have a recourse if a scammer tries to screw them over. Bitcoin needs a secondary service, like paid escrow, to have the same security. That makes it impossible for eBay to directly allow Bitcoin payments. It's against their business model.
it depend if we are talking about exchanging bitcoin and not trading it for items, in the first case, if the seller sell bitcoin and the buyer buy those coins, the latter is more protected because of the irreversibility of the transaction
Of course we're talking about trading it for items. That's all eBay does.
The idea of fraud comes in due to the fact that some Ebay accounts are stolen, cracked, ect. It wouldn't be hard for a seller to create an account or steal/buy one to receive BTC in payment and disappear. I doubt Ebay would ever take the time to implement an escrow system because it would cause too much complication to Ebay users. Part of the reason Ebay is even competing with Amazon at this point is cheap second hand products Ebay offers. With so many second hand sellers, the amount of scams is ridiculous. Ebay relies on a chargeback system to even stay profitable.
Bitcoin by design favors the seller over the buyer with no fraud protection and terminal transactions. eBay is the exact opposite favoring the buyer over the seller by providing fraud protection against scamming sellers. That's the reason they got so big. Customers feel comfortable shopping at eBay because they have a recourse if a scammer tries to screw them over. Bitcoin needs a secondary service, like paid escrow, to have the same security. That makes it impossible for eBay to directly allow Bitcoin payments. It's against their business model.
it depend if we are talking about exchanging bitcoin and not trading it for items, in the first case, if the seller sell bitcoin and the buyer buy those coins, the latter is more protected because of the irreversibility of the transaction
Bitcoin by design favors the seller over the buyer with no fraud protection and terminal transactions. eBay is the exact opposite favoring the buyer over the seller by providing fraud protection against scamming sellers. That's the reason they got so big. Customers feel comfortable shopping at eBay because they have a recourse if a scammer tries to screw them over. Bitcoin needs a secondary service, like paid escrow, to have the same security. That makes it impossible for eBay to directly allow Bitcoin payments. It's against their business model.
We need a new ebay, a decentralized one. One that only takes payment in btc.
Anyone here have the skills and money to make this happen?
Anyone here have the skills and money to make this happen?
so, like a clearnet implementation of the existing dark net markets, but minus the drugs, and with more ebay-like goods. so... openbazaar?
Somewhat awaitable of ebay. They have paypal and want to earn with paypal. Why allowing payments done with a payment service they don't earn with? And it's easy for them to forbid with "no chargeback possible". 
We need a new ebay, a decentralized one. One that only takes payment in btc.
Anyone here have the skills and money to make this happen?
Anyone here have the skills and money to make this happen?
Open Bazaar
Ebay is going to come around on this in the future. if bitcoin gets bigger and be used vastly they are going to be left behind if they continue this path.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
Open bazaar needs to offer clear, objective incentives to use it instead of ebay and most importantly, those incentives NEED to be understandable by the average joe. The average joe doesn't understand anything about decentralization and I dont think they care, but if they can save a lot on fees etc, the will go there.
Interesting story on linked in today about eBay's reputation system:
https://www.linkedin.com/pulse/ebays-reputation-system-hidden-gem-hunter-walk?trk=hp-feed-article-title-hpm
I agree that the rating system is a big reason why people feel so comfortable buying from other individuals. It keeps sellers honest and encourages them to resolve issues quickly. Seems like from what I see on sites like cryptothrift it as soon as a bad rating comes in, the user just makes a new username and there is no way to tell what their account did. There is a kind of lack of accountability with that setup, as opposed to eBay's which seems to work well.
Correct but why couldn't Open Bazaar implement this?
Well sure they could implement this, but like I said cryptothrift also uses a rating system, but it seems like the worst that could happen to a bad seller is they have to stop using that name and open a new account.
eBay actually links to sellers bank accounts or some sort of back up payment that can be charged in the even of a problem.
If open bazaar actually took some sort of steps to ensure sellers couldn't open multiple accounts when something goes bad that would be great. It really just comes down to a system to keep sellers accountable for their goods, and people giving honest legitimate feedback so people know who to buy from.
Ebay is going to come around on this in the future. if bitcoin gets bigger and be used vastly they are going to be left behind if they continue this path.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
Open bazaar needs to offer clear, objective incentives to use it instead of ebay and most importantly, those incentives NEED to be understandable by the average joe. The average joe doesn't understand anything about decentralization and I dont think they care, but if they can save a lot on fees etc, the will go there.
Interesting story on linked in today about eBay's reputation system:
https://www.linkedin.com/pulse/ebays-reputation-system-hidden-gem-hunter-walk?trk=hp-feed-article-title-hpm
I agree that the rating system is a big reason why people feel so comfortable buying from other individuals. It keeps sellers honest and encourages them to resolve issues quickly. Seems like from what I see on sites like cryptothrift it as soon as a bad rating comes in, the user just makes a new username and there is no way to tell what their account did. There is a kind of lack of accountability with that setup, as opposed to eBay's which seems to work well.
Correct but why couldn't Open Bazaar implement this?
Ebay is going to come around on this in the future. if bitcoin gets bigger and be used vastly they are going to be left behind if they continue this path.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
Open bazaar needs to offer clear, objective incentives to use it instead of ebay and most importantly, those incentives NEED to be understandable by the average joe. The average joe doesn't understand anything about decentralization and I dont think they care, but if they can save a lot on fees etc, the will go there.
Interesting story on linked in today about eBay's reputation system:
https://www.linkedin.com/pulse/ebays-reputation-system-hidden-gem-hunter-walk?trk=hp-feed-article-title-hpm
I agree that the rating system is a big reason why people feel so comfortable buying from other individuals. It keeps sellers honest and encourages them to resolve issues quickly. Seems like from what I see on sites like cryptothrift it as soon as a bad rating comes in, the user just makes a new username and there is no way to tell what their account did. There is a kind of lack of accountability with that setup, as opposed to eBay's which seems to work well.
Ebay is going to come around on this in the future. if bitcoin gets bigger and be used vastly they are going to be left behind if they continue this path.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
Open bazaar needs to offer clear, objective incentives to use it instead of ebay and most importantly, those incentives NEED to be understandable by the average joe. The average joe doesn't understand anything about decentralization and I dont think they care, but if they can save a lot on fees etc, the will go there.
We need a new ebay, a decentralized one. One that only takes payment in btc.
Anyone here have the skills and money to make this happen?
Anyone here have the skills and money to make this happen?
Ebay is going to come around on this in the future. if bitcoin gets bigger and be used vastly they are going to be left behind if they continue this path.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
on the other hand if some projects like open bazzar becomes successful they will lose their share of the market which is not good for them.
Who needs eBay when Open Bazaar will be released?
Because all the sellers on eBay will not join Open Bazaar?
And there is no guarantee that openbazaar will ever be big. eBay from the other hand is the largest e-commerce western company.
Let eBay forbid Bitcoin.
OpenBazar will make eBay history.
OpenBazar will make eBay history.
i'm only hoping that open bazar don't turn in silk road 2.0 or 3.0, they still didn't answered how they will deal with people that will trade illegal stuff
at worst we have still the possibility of amazon accepting bitcoin, which i find better than ebay, bitcoin need only one big merchants, then it's done
Personally I prefer saving 20% off Amazon products at Purse.io due to Amazon NOT accepting bitcoin. :-)
but can you take advantage of the last sale of amazon for their prime celebration day, with purse.io? if yes then maybe you have a good point there, otherwise, you know...
still i doubt 20% is on everything, but maybe i'm wrong, i didn't try purse.io
www.bitcart.io is an alternative to purse.
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