Topic: Ebay - the first tech giant to accept Bitcoin? (Read 6772 times)
Cant wait to see it happens
They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.
Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.
Wow, still I think this is quite good news. Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them. To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more. I've basically just been holding what I have (and occasionally gambling). Amazon is a marketplace I definitely use regularly.
They did say that they are looking into Paypal accepting Bitcoins as well. So it looks like we'll be able to pay using Bitcoin for any items (if they do what they got the patent for).
They didn't say anything about that, and I don't think it will happen. By Paypal allowing transfer of Bitcoin for purchases, they are simply mediating sales. If they allow conversion, it brings up more laws and regulations. Being that they are a registered money transmitter it's definitely possible, I just don't think that they want to get into the business of exchanges like that.
They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.
Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.
Wow, still I think this is quite good news. Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them. To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more. I've basically just been holding what I have (and occasionally gambling). Amazon is a marketplace I definitely use regularly.
They did say that they are looking into Paypal accepting Bitcoins as well. So it looks like we'll be able to pay using Bitcoin for any items (if they do what they got the patent for).
They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.
Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.
Wow, still I think this is quite good news. Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them. To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more. I've basically just been holding what I have (and occasionally gambling). Amazon is a marketplace I definitely use regularly.
They did say that they are looking into Paypal accepting Bitcoins as well. So it looks like we'll be able to pay using Bitcoin for any items (if they do what they got the patent for).
They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.
Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.
Wow, still I think this is quite good news. Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them. To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more. I've basically just been holding what I have (and occasionally gambling). Amazon is a marketplace I definitely use regularly.
i don't know about that - where are most of the bitcoins sitting? america is far ahead of the game.. and it also depends on how much overstock's business model relies on international sales vs. domestic.
ebay is the same company as papyal so they earn in both sides from paypal and ebay commissions so i don't think they can use bitcoin also how can they handle the return or refund policy wih bitcoin ?
They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.
Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.
It's hard to tell whether or not they are going to yet. Their patent is based on Bitcoin, though, and the CEO said they will be adding it to Paypal and eBay (or at least insinuated that) recently. I don't think that feeling it's going to happen soon is overhyping at all.
the numbers are very promising. overstock supposedly brings in 20k-30k every day, and the number is probably growing. they keep a portion in btc, but they conver to cash mostly. we are also sitting here talking about overstock, so that's free publicity/advertising too.
http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/
http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/
Overstock is yet to enable Bitcoin payments for international buyers. Right now, the facility is just available to those customers in the United States. Once they enable it to the international clients, the volume will also increase by many times.
i don't know about that - where are most of the bitcoins sitting? america is far ahead of the game.. and it also depends on how much overstock's business model relies on international sales vs. domestic.
They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.
Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.
eBay is already accepting Bitcoin. There are subsections of the site for the purchase of Bitcoin and the goods related to Bitcoin mining. It will be a matter of time when this trickles down to Paypal and Paypal will accept Bitcoin. The first hit should be Amazon. I like Amazon a lot better than ebay.
They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.
eBay is already accepting Bitcoin. There are subsections of the site for the purchase of Bitcoin and the goods related to Bitcoin mining. It will be a matter of time when this trickles down to Paypal and Paypal will accept Bitcoin. The first hit should be Amazon. I like Amazon a lot better than ebay.
I think if Newegg would take Bitcoin, that would be MASSIVE. There are tons of miners here that buy from Newegg on a regular basis, and they are the perfect company for something like this.
I agree, someone who's doing hardware sales or in general targeting techy customers is likely to see the benefit of accepting bitcoins before a general merchant like ebay.
I'd also argue that Overstock, despite having success with Bitcoin, is nowhere near where someone like Newegg would be. I don't even use Overstock, and most of us around here probably don't.
I think if Newegg would take Bitcoin, that would be MASSIVE. There are tons of miners here that buy from Newegg on a regular basis, and they are the perfect company for something like this.
I agree, someone who's doing hardware sales or in general targeting techy customers is likely to see the benefit of accepting bitcoins before a general merchant like ebay.
I think if Newegg would take Bitcoin, that would be MASSIVE. There are tons of miners here that buy from Newegg on a regular basis, and they are the perfect company for something like this.
the numbers are very promising. overstock supposedly brings in 20k-30k every day, and the number is probably growing. they keep a portion in btc, but they conver to cash mostly. we are also sitting here talking about overstock, so that's free publicity/advertising too.
http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/
http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/
Overstock is yet to enable Bitcoin payments for international buyers. Right now, the facility is just available to those customers in the United States. Once they enable it to the international clients, the volume will also increase by many times.
The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.
I think good smart companies are proactive ones as well.
This right here. Keep in mind that most Bitcoin users are technology buffs (in some way or another). A tech company accepting Bitcoin is a huge + and increases their business (theoretically) since that's who we, as a whole, are.
The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.
You don't consider Overstock a large corporation?
My bad, I should have said very large companies. Most people I know have bought something on eBay or Amazon before. Can't say the same for Overstock or Tigerdirect though. I don't think those companies have benefited much from accepting BTC thus far. Do they actually take BTC or use bitpay? Either way, BTC sales are probably like 0.01% of their total sales. A business catering to less than 1 million bitcoin holders doesn't have much to gain right now unless they're planning to hold some of those BTC long-term.
the numbers are very promising. overstock supposedly brings in 20k-30k every day, and the number is probably growing. they keep a portion in btc, but they conver to cash mostly. we are also sitting here talking about overstock, so that's free publicity/advertising too.
http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/
The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.
You don't consider Overstock a large corporation?
My bad, I should have said very large companies. Most people I know have bought something on eBay or Amazon before. Can't say the same for Overstock or Tigerdirect though. I don't think those companies have benefited much from accepting BTC thus far. Do they actually take BTC or use bitpay? Either way, BTC sales are probably like 0.01% of their total sales. A business catering to less than 1 million bitcoin holders doesn't have much to gain right now unless they're planning to hold some of those BTC long-term.
It's true, you've already got Donahoe stepping up towards BTC. It makes sense as it represents a new payment system that rivals PayPal and it helps with sellers who have issues with chargebacks. It will definitely be a big plus to ebay and to the Bitcoin community at large.
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