Topic: Ebay - the first tech giant to accept Bitcoin? - page 3. (Read 6773 times)

If Ebay ever accepted bitcoin. That would be enough to crack the dam of resistance.
EBay's stamp of approval would cause a massive flight to adoption of bitcoin.

EBay,Just sell Bitcoin，not  accept Bitcoin.

A few people in this thread have asked why ebay-style sites don't already exist, or how long it will be until they do.  We launched CryptoThrift back in November 2013 to fit precisely this market.  We have grown steadily in that time whilst our competitors such as BitMit have failed. We now have over 5000 active users, process thousands of transactions a month, and average upwards of 100k visitors and 750k page views a month.  But clearly we are not doing enough advertising and marketing if we have not yet been mentioned in this post.   Thankfully we are about to embark on a several campaigns with high-profile publications/websites so hopefully you will hear more of us!

To address one of the other points raised on how to handle payments between buyers and sellers, we have approached this via a built-in and automated escrow service.  Buyers pay for their purchases by sending to our escrow wallet, sellers are notified that their funds are in escrow so can ship the item, buyers release escrow when they receive it (or it happens automatically after 30 days if the buyer doesn't dispute).  With this approach we can offer refunds to buyers if they don't receive their goods, or there is any kind of dispute over quality.  We obviously need to treat refunds on a case-by-case basis but this is no different to paypal disputes.

It is free to list but we charge sellers 2.5% on successfully sold items and buyers 1% if they wish to use our escrow service.  All of our profits go into enhancing the site, new hardware, establishing our company (now registered with ASIC in Australia), and advertising & marketing, and will do so for some time yet.  So why are we doing it for no profit?  Because we agree that eBay are unlikely to accept Bitcoin anytime soon, but equally that there is a market that needs to be filled.  And if we do the hard work now, put our money back into building this service, and build a competitive site, we wont need eBay to ever accept Bitcoin   So please try us out... https://cryptothrift.com

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

Ebay will never allow you to take bitcoin directly. Even if ebay didn't own paypal, they'd be stupid to promote the use of bitcoin directly. Ignorant customers would be getting regularly scammed, and sellers could disappear and not pay seller fees. They'd have to recommend a trusted escrow, or even force the use of an escrow service. They basically have that escrow in paypal already. Paypal must see increased profits, or a reduction in lost profits, before they will implement bitcoin. The best thing any of us can do to promote bitcoin to paypal, is to promote bitcoin to ebay users via auctions entirely unrelated to bitcoin. Start adding something about bitcoin to the description of any item you list on ebay. "Don't like paypal? I accept cash or bitcoins in person."

if there are, i bet ebay would spend lots of money to prevent it from growing.. either that, or ebay will buy it out. they tried to force craigslist to sell their website to them.

You do realize that Ebay owns Paypal? 
I'm pretty sure that they have considered this. But being behind with new technology might be bad as well for them.

Accepting Bitcoin would be extremely bad for Ebay's relationship with Paypal. I can't see this actually happening anytime soon.

The parasite called Paypal gives kickbacks to Ebay I'm sure.

with paypal/ebay ... the problem is :

- accept bitcoin for ebay transaction
- accept bitcoin for paypal intermediary system (FIAT equivalent)
- accept bitcoin in paypal account (no FIAT transfer)
- accept bitcoin in paypal and transfer to FIAT bank account (exchange system)


in my point, only the number 1 will be released in 2015.

are there any sites like ebay with feedback and stuff that use only bitcoins?

I had a dream about Bitcoins and Ebay a few months back.
I think its just a dream thought fellas 

This is entirely wrong, and not how paypal would implement bitcoin. Paypal would simply treat bitcoin as a currency. Funding for your account could come from bitcoins, as could withdrawals be done in bitcoin. Paypal would charge a fee for the conversion, and for the payment. Bitcoin's irreversibility is no different than cash, which I can withdrawal from paypal already. Paypal can only control the funds you leave in your account, or give them access to. They can't take your USD back, unless you leave them somewhere you've already given them access to. Otherwise, your account simply goes negative. BTC IS NO DIFFERENT THAN USD FOR PAYPAL.

It's true, these tech giants didn't get where they are today by ignoring new technology. Bitcoin is free at it's most basic level but it doesn't mean companies won't make a lot of money providing services on top of Bitcoin whether you like it or not. The internet is also free (-ish) but look at the money that has been made in this area.

It does not matter that PayPal and Bitcoin are competing with each other.  You either improve your business or get replaced.  An example of this is Amazon launching the Kindle, which competes with their physical book sales. 

Only their consideration is a great step for us.

I'm actually pretty surprised that they are now acknowledging the fact that they are considering BTC. I thought for sure that they would introduce their own virtual currency before allowing the use of a decentralized one that they cannot control.

I think Paypal will not consider accepting bitcoins, because that EBAY is a financial trusteeship system, the use of a large number of idle funds, but also what Bitcoin spotted this, so they are a competitive relationship.

I really doubt bitcoin will be accepted by ebay considering paypal hates bitcoin and is the one that supports ebay.

no im talking about sellers, if they dont send the product you payed for and you already payed... im not talking about the bitcoin protocol...