Topic: Ebay Forbids Bitcoin for Payments - page 5. (Read 4020 times)

Quote from: Hopalong on July 18, 2015, 12:14:37 PM

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.

if they can attract a new users base with the bitcoin payment then the profit which will result from it, can pay the escrow, the point it that the users base of bitcoin is so tiny and they know that

Not only are the usebase low but there are just 4,5 million bitcoins in circulation. Compare that to the currencys they deal in everyday and you see how little and isignificant bitcoin is for them and other big global companies.

Thanks for the input new guys, fresh input is always welcome here.

philipma1957

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Quote from: Hopalong on July 18, 2015, 12:14:37 PM

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.

if they can attract a new users base with the bitcoin payment then the profit which will result from it, can pay the escrow, the point it that the users base of bitcoin is so tiny and they know that

Not only are the usebase low but there are just 4,5 million bitcoins in circulation. Compare that to the currencys they deal in everyday and you see how little and isignificant bitcoin is for them and other big global companies.

well it is 14.5 million coins but that is only 3.5-4.3 billion usd. not much money at all. and amph beat me to the correction

Amph

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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.

if they can attract a new users base with the bitcoin payment then the profit which will result from it, can pay the escrow, the point it that the users base of bitcoin is so tiny and they know that

Not only are the usebase low but there are just 4,5 million bitcoins in circulation. Compare that to the currencys they deal in everyday and you see how little and isignificant bitcoin is for them and other big global companies.

4.5M? are you talking about available bitcoin in circulation? and where did you find this number btw, an estimation? because i doubt that there are 10M lost coin from the 14M+ total coins in circulation

Hopalong

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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.

if they can attract a new users base with the bitcoin payment then the profit which will result from it, can pay the escrow, the point it that the users base of bitcoin is so tiny and they know that

Not only are the usebase low but there are just 4,5 million bitcoins in circulation. Compare that to the currencys they deal in everyday and you see how little and isignificant bitcoin is for them and other big global companies.

Amph

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Quote from: newb4now on July 18, 2015, 11:03:19 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.

if they can attract a new users base with the bitcoin payment then the profit which will result from it, can pay the escrow, the point it that the users base of bitcoin is so tiny and they know that

Hazir

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They are afraid of Bitcoin not because it is not Secure and Safe for the users but rather because they are not the one controlling it.
There is no company standing behind bitcoin and ebay want rather have corporate business partner like PayPal or Visa/MasterCard.
It would be quite easy for ebay to provide good bitcoin service for users but it would be too good for people, and company won't earn from that.

Scamc0p

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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

The answer is obvious. They are trying to protect PayPal market share. In the long run they will die like Blockbuster after not properly responding to Netflix

Innovation ensures a company's success. But the innovation has to continue or they could be in danger of being bought out by the competition.
Paypal seems to be stuck in their old ways and are susceptible to continue on into their downward sprial. It is just a matter of time before they go under.
They keep sending me promotions for $5 off your next purchase all the time, but I don't fall for their ploys for gaining customer loyality Roll Eyes

Hopalong

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