Ebay Forbids Bitcoin for Payments - page 3.

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:^)

Quote from: Herbert2020 on July 19, 2015, 04:51:54 AM

i think they will come around eventually, but it needs much longer time and a lot more mass adoption. now it is simply not enough people showing interest in using bitcoin in comparison to people wanting to use paypal and similar services.
on the other hand they want to secure their earnings via paypal and don't lose their step there.

exactly, when bitcoin becomes more mainstream, ebay, as a major company, will be pressed to start integrating bitcoin into their payment options. no telling when bitcoin will be adopted widely enough to convince ebay to hop on though.

Romanko

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Even today one can find many propositions on selling stuff for BTC on e-bay: mining gear, gift cards, phones, etc.
Some from those sellers are using accounts with very high rating like 1000+ to fool people.
I suppose they buy those accounts with history especially for scam purposes.
Think e-bay for attracting new customers should make BTC accept possible.
Properly organized customer escrow service should avoid defrauding buyers.

CEG5952

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Buy and sell bitcoins,

Quote from: Herbert2020 on July 19, 2015, 05:56:06 AM

Quote from: CEG5952 on July 19, 2015, 05:40:46 AM

Quote from: pedrog on July 18, 2015, 12:37:20 PM

Bitcoin has no consumer protection, eBay and Paypal are very big on consumer protection, it makes sence sellers cannot use bitcoin as a payment method on their platform.

They also do not permit cash and a bunch of other payment methods, this isn't something new...

http://pages.ebay.com/help/policies/accepted-payments-policy.html

Yes and if ever the time comes that they'll start to accept bitcoin as a form of payment, eBay would be a scammer's paradise. Post fake stuff and takes away that bitcoin unless they offer an escrow-like service to hold the funds.

but i guess this can be easily prevented by forcing the sellers to give their information and register properly before doing any business with bitcoin.
this way nobody can scam when their identity is known.

They can use fake information and forged documents if needed. That's the bad side of accepting bitcoin on sites like these. I've seen scammers on paypal and ebay and I've got scammed on ebay several times and I'm totally over with ebay.

turvarya

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Quote from: Hopalong on July 18, 2015, 11:50:12 AM

Quote from: unamis76 on July 18, 2015, 11:38:36 AM

eBay should get an escrow and go from there. Not hard...

And who would pay that escrow?

Since bitcoin only try to secure the seller and not the buyer they need to do a lot of extra work they dont need to think about with other payment metodes.

Make a 2 out of 3 multisig. One key to the buyer, one key to the seller, one key to the escrow.
As long as everything goes fine, the escrow doesn't really have to do anything, so he doesn't get paid. He only gets paid if there is an dispute and he has to actually do something.
I think, OpenBazar is using something like that and it makes sense.
This kind of protection is much better than chargebacks since, buyer and seller are protected. I don't get this whole "Buyer is always right" policy, from most payment processors. Buyer are also often fraudsters and make a lot of damage to merchants.

Herbert2020

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Quote from: CEG5952 on July 19, 2015, 05:40:46 AM

Quote from: pedrog on July 18, 2015, 12:37:20 PM

Bitcoin has no consumer protection, eBay and Paypal are very big on consumer protection, it makes sence sellers cannot use bitcoin as a payment method on their platform.

They also do not permit cash and a bunch of other payment methods, this isn't something new...

http://pages.ebay.com/help/policies/accepted-payments-policy.html

Yes and if ever the time comes that they'll start to accept bitcoin as a form of payment, eBay would be a scammer's paradise. Post fake stuff and takes away that bitcoin unless they offer an escrow-like service to hold the funds.

but i guess this can be easily prevented by forcing the sellers to give their information and register properly before doing any business with bitcoin.
this way nobody can scam when their identity is known.

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

Quote from: pedrog on July 18, 2015, 12:37:20 PM

Bitcoin has no consumer protection, eBay and Paypal are very big on consumer protection, it makes sence sellers cannot use bitcoin as a payment method on their platform.

They also do not permit cash and a bunch of other payment methods, this isn't something new...

http://pages.ebay.com/help/policies/accepted-payments-policy.html

Yes and if ever the time comes that they'll start to accept bitcoin as a form of payment, eBay would be a scammer's paradise. Post fake stuff and takes away that bitcoin unless they offer an escrow-like service to hold the funds.

teddy5145

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No surprise for me
Even paypal doesn't accept bitcoin
Oh well, i heard that amazon is studying Bitcoin so they can accept it in the future
Let's keep our hopes up Wink

Herbert2020

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i think they will come around eventually, but it needs much longer time and a lot more mass adoption. now it is simply not enough people showing interest in using bitcoin in comparison to people wanting to use paypal and similar services.
on the other hand they want to secure their earnings via paypal and don't lose their step there.

jubalix

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lets see ebay in cahoots with pay pal and visa

I think there has to be a case run that there must be free competition in forms of payment.

Amph

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Quote from: bornil267645 on July 18, 2015, 11:55:33 PM

Something like eBay accepting bitcoin would have been like a Bonsai of global adoption. The degree of global spread eBay has would have great for bitcoin advertisement. Hopefully someday they do integrate bitcoin.

if they are cutting the bridge with paypal, which was going to use bitcoin, i don't think that they have any interest in using bitcoin, they also said why, they thing that it does not offer a customers protection

i believe his is the same reason why amazon will not accept it for now, they are all waiting to find a way to make it more secure for users

AGD

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Quote from: ikydesu on July 18, 2015, 10:03:20 AM

On Tuesday, Andy Shroder posted on Reddit that eBay Inc. had removed his merchant listing because he accepted bitcoin for his products.

Quote from: ebay

Please understand that you mentioned you accept ‘Bitcoin’ as a method of payment. Some online payment companies are fairly new and inexperienced and they do not provide sufficient fraud protection to members. When we review payment methods to determine whether they are allowed on eBay, two key factors that we consider are ‘Security and Safety’ and ‘Ease of use.’ Please do not offer this payment method.

So, 'Hard of use' payment processor is guaranteed for the 'security and safety' and make all customer is comfortable Huh

eBay must consider this, again.

In 2013

Quote from: John Donahoe CEO of eBay

It’s a new disruptive technology, so, yeah, we’re looking at bitcoin closely. There may be ways to enable it inside PayPal.

Your thought?

Source: http://cointelegraph.com/news/114875/ebay-forbids-bitcoin-for-payments-removes-merchant-listing

Funny that they are talking about the easiest and most secure payment method at present.

dothebeats

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Cashback 15%

Hmm I thought that they are already looking to use bitcoin? This is kinda confusing lol. Made me think that eBay is only riding the wave of bitcoin's popularity to gain more and more customers. I could be wrong though, but that is what I see on what they did.

moni3z

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Quote from: PenguinFire on July 19, 2015, 01:30:58 AM

eBay has went down the tubes in recent years. They have started a pretty aggressive online advertising campaign. I thought PayPal just bought themselves out completely and are no longer part of the parent company. Huh

Carl Icahn bought a majority shareholder stake in eBay, then proceeded to clown them at every opportunity to point out how incompetent eBay management is by keeping PayPal combined with eBay and basically forced them to spin it off into a separate company so PP can compete with Apple payments and Stripe. Too bad, I was happy they were going to let PP wither and die still clinging to ebay.

Ever since they announced the split PP profits soared as now competitors to eBay can use it. Ebay's retard CEO and board members were all ousted too, so the incoming guy is bringing back the 'mom and pop' style businesses to eBay they rejected to pander to Target and other bigbox corps under the last CEO buffoon that ran eBay into the ground. The split also means eBay can take rival payment methods now too, so can resume your lobbying for BTC when he takes over though still unlikely to happen, but you never know all those idiots are out of there now.

Edit: so apparently PP has a 5yr agreement with eBay to remain sole payment provider, so hopefully they die off by 2020 and if they don't then can resume bitcoin lobbying

n2004al

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Quote from: ikydesu on July 18, 2015, 10:03:20 AM

On Tuesday, Andy Shroder posted on Reddit that eBay Inc. had removed his merchant listing because he accepted bitcoin for his products.

Quote from: ebay

Please understand that you mentioned you accept ‘Bitcoin’ as a method of payment. Some online payment companies are fairly new and inexperienced and they do not provide sufficient fraud protection to members. When we review payment methods to determine whether they are allowed on eBay, two key factors that we consider are ‘Security and Safety’ and ‘Ease of use.’ Please do not offer this payment method.

So, 'Hard of use' payment processor is guaranteed for the 'security and safety' and make all customer is comfortable Huh

eBay must consider this, again.

In 2013

Quote from: John Donahoe CEO of eBay

It’s a new disruptive technology, so, yeah, we’re looking at bitcoin closely. There may be ways to enable it inside PayPal.

Your thought?

Source: http://cointelegraph.com/news/114875/ebay-forbids-bitcoin-for-payments-removes-merchant-listing

Very strange. This behavior is contrary the spirit of the last months in this matter. I think that this temporary and soon they will find the way to accept again bitcoin and the merchants that had adopted such way of payment.

PenguinFire

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That Darn Cat

eBay has went down the tubes in recent years. They have started a pretty aggressive online advertising campaign. I thought PayPal just bought themselves out completely and are no longer part of the parent company. Huh

pooya87

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Quote from: ikydesu on July 18, 2015, 10:03:20 AM

On Tuesday, Andy Shroder posted on Reddit that eBay Inc. had removed his merchant listing because he accepted bitcoin for his products.

Quote from: ebay

Please understand that you mentioned you accept ‘Bitcoin’ as a method of payment. Some online payment companies are fairly new and inexperienced and they do not provide sufficient fraud protection to members. When we review payment methods to determine whether they are allowed on eBay, two key factors that we consider are ‘Security and Safety’ and ‘Ease of use.’ Please do not offer this payment method.

So, 'Hard of use' payment processor is guaranteed for the 'security and safety' and make all customer is comfortable Huh

eBay must consider this, again.

In 2013

Quote from: John Donahoe CEO of eBay

It’s a new disruptive technology, so, yeah, we’re looking at bitcoin closely. There may be ways to enable it inside PayPal.

Your thought?

Source: http://cointelegraph.com/news/114875/ebay-forbids-bitcoin-for-payments-removes-merchant-listing

i think one the many reasons that these big companies are not considering accepting bitcoin as a payment method is that they might be afraid of the anonymity it offers
also it can be because of all the other criminal activity that can be done easier using bitcoin. like what happened in silk road.

moni3z

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Quote from: crazyearner on July 18, 2015, 07:06:46 PM

Ebay are looking into adding bitcoin as a payment option, but only when they see it is right and they understand totally. With Bitcoin you have no control over payments, once its sent payment is final and the customer in their eyes being the consumer their is no wrights. If their was protection over transactions like paypal as or any other service having option to contact them to issues a refund or to make a dispute this is where Bitcoin lacks as all payments are final, unless the receiver sends it back upon request. Ebay are looking at the tech behind Bitcoin and its security benefits and no doubt maybe see something like baycoin come out with their own controls over it. If Ebay looked past and said ok lets accept it on a trial run and get a bunch of beta testers to test it out then they would see a lot more to it and to better understand it.

Indeed, if anything happens it will be PaypalCoin a centralized currency with the exact same options as paypal for buyer protections. This could have benefits, such as exchanging BTC->PPCoin and not needing a bank middleman.

The reasons they "ban" bitcoin is so scammers don't hijack accounts, then edit listings to include a bitcoin payment address conning somebody into losing their money. They want to enforce a paypal only payment system unless using ebay escrow for bank wires through ebay vehicle sales.

btcsnatcher

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Quote from: bornil267645 on July 18, 2015, 11:55:33 PM

Something like eBay accepting bitcoin would have been like a Bonsai of global adoption. The degree of global spread eBay has would have great for bitcoin advertisement. Hopefully someday they do integrate bitcoin.

Yup that'd have been a major step in promoting bitcoin and making it popular among general masses and populace... eBay accepting bitcoin would have allowed a large number of population a chance to get to know about the bitcoin and bitcoin community and what it would mean to use the e-currency for making their transactions...

Hope such large corporations do someday integrate bitcoin as a method of paying and accepting for their purchases...

bornil267645

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AltoCenter.com

Something like eBay accepting bitcoin would have been like a Bonsai of global adoption. The degree of global spread eBay has would have great for bitcoin advertisement. Hopefully someday they do integrate bitcoin.

tss

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ebay is trying to maintain its monopoly.

the only approved payment on ebay is paypal which they own.

ebay and paypal are separating into different companies so people don't complain about the unfair access.

if a seller wishes to offer bitcoin, seashells, or cash in the mail along with paypal (a requirement). it should be up to his customer to decide which method is easiest and offers most security.

Topic: Ebay Forbids Bitcoin for Payments - page 3. (Read 4020 times)