Topic: Ebay UK annouces new policy for virtual currencies (Read 3574 times)

I've said many times PayPal bow down to CC chargebacks. And chargebacks usually will side with buyer. That's just how it works. I really doubt there's a BTC specialist to investigate these claims. I don't deliver BTC unless I'm 95% confident the buyer won't chargeback.

On the bright side, you don't have to worry about PayPal reversing or closing your account for selling BTC now. That's half the battle. Chargebacks I can usually deal with.

That's a shame in my opinion, will massively reduce the number of listings.

I have gone through this. He bought, I sent. He claimed his CC was stolen, disputed paypal. BUT Paypal sided with me the seller because the buyer is NOT covered for In-Tangible items.But buyer filed for Chargeback through CreditCard company and I got a 20$ fee plus the sale price. Luckily I got the fee price back by calling paypal, but for the sale price thats being disputed with paypal (me) vs credit card company.

If they used that method, I feel there would still be problems with giving the buyer and seller the correct BTC address. Still many ways to scam new buyers and sellers.  I'd prefer eBay to just act as an escrow and release the coins after payment. Seller is guaranteed payment and eBay deals with disputes and chargebacks.

means nothing. they can still chargeback.

sell on ebay at your own risk.

Well it's just a matter of willing...
If paypal recognize as 'sent' the transactions of the blockchain where there is the proof of delivery from address A to address B where every passage is tracked and approved by many poeole, there couldn't be any problem.
Could be considered like a phisical object and tracked like a courier could with a pair of shoes... can they say: "OMG my credit card / paypal account got hacked, pls return my money even if i bought this pair of shoes?" ... They ask the seller the proof of tracking, like could be done with cryptocurrencies... even easier in this last case since, the proof will be there forever online and won't disappear after few months like any courier database.

As said is just a porblem of willing, if they don't intend to, they'll never do it even if it could be the safest sysytem of the world...

No, there is no update, and there will never be bcause main problem isnt "blockchain", it's paypals rule that "customer" is always right. I felt it on my own skin. Guy gough BTC, i delivered, and than he clamed that he does not recognize transaction, that his account was probably hacked, and he got his money back and i lost my BTC.

Basicly, scam is not "oh noh i didint got my BTC", it's "OMG my credit card / paypal account got hacked, pls return my money" and there is nothing we can do. It's happening all over the ebay all the time, not only BTC, and in 99 oit of 100 cases beay / paypal sides with buyer. As simple as that. When you deal with PayPal, calculate certain percentage of this into your price and youll be good.

today is the 10th of February, any updates about this?
are there any new rules on ebay to protect seller and buyer? I wasn't able to find anything about this!

Thanks for the advice. That does make sense that less known coins would have less scammers. However I don't like the fact that the listing is removed and fees refunded. I feel like that would be a strike against my record and eventually banned.

Yeah ebay classified is as scam

your right ebay dont ouse the feedback system or the payment process, after paying the much higher fee to do the clasified add, i realizeds there was not buy it now or any payment button of any kind . nowhere for a buyer to make obvious contact either.

so irevised the add and put my email address in the discription so buyers could make paypal payment but unfortunately email address are not allowed in the add . so it looks like your screwed anyway lol .

the only way i got to get around that was to enter my email address without the  @ and . symbols but it is now going to be a very hard sell using classifieds unless you can put your website address in the add and sell from there but i dont think thats allowed ither.

they say ebay will contact you with buyers details but what the buyer clicks to indicate that in the advert i couldnt tell .

i have had much success selling on ebay with very few scams due to the fact that i have been getting the free listings for starting at less than a $1
in auction format and listing high amounts and multiple lots of devcoin which sell easy for $2 per thousand .

thats a masive mark up and profit but not worth the time of a scammer selling lots and lots of devcion to many people then turn it into bitcoin on vircurex is the way to go . give it a try because i have brought in almost $1,000 in less than a month  not all profit of course but very few scammers to bother me .

because devcoin is the longest running crypto next to bitcoin and not just another copy of bitcoin with a purpose behind it.
 it is attracting lots of well educated writers and developers . 
 many people are earning it now for writing articles on devtome.com where all the others are just trading it back and forth.
it is so cheap at the moment it makes sense to get some and if goes down you havnt lost much!
 but if it goes up just a little even a few cents on the dollar you will be laughing all the way to the bank . check it out and try selling on ebay while you still can do it in coins other world coins , do 1 listing holding mulitiple lots of 50-100  sell 100- 1500 DVC per lot no higher  you will make a profit with all lots sold  untill the listing is removed and fees refunded .   
   hope this helps anyone who is selling on ebay . jasont

Send me an email from their PayPal email with a specific message. But since every single winner was using a hacked eBay and PayPal account, they could not. Most just sent a BTC address using the eBay message system or PayPal note after paying and ignored my instructions. I made sure each eBay account had decent feedback so if they won (and wasn't hacked,) most likely I wouldn't get scammed for $10 to $50. I had plenty of safeguards in place because I knew about the scammers. I didn't think I'd get many legit sales so it was more of an experiment since BTC were selling at a premium on eBay.

If they execute this correctly, then this is fantastic news. This could be a very smart move on eBays behalf adopting/allowing crytopcurrencies (at a fee).

What was your verification process?

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

Please let Ebay be shut down for money laundering, please let Ebay be shut down for money laundering.....

No, it's same as anything else, but it takes 5$ or even more to set up single sell....so basicly, selling small ammounts of BTC is out of question that way.
EDIT: I just checked it. Insertation fee is 9.95$
So, basicly, only larger amounts, and with current scamming posibilities via Paypal (even once they accept blockchain as proof)....i dont know if i would do it.

Scam is not executed via: "i did not receive coins", it's executed via: "someone stole my card and i did not buy that stuff, pls refound me". And Paypal is well known as provider that is always on buyers side....talking from personal expirience.

Classifieds don't use the payment or feedback system. It's just like Craigslist.

What eBay has to do is set up escrow accounts for every currency and process them automatically during the process of the auction. After buyer pays, they instantly get the coins. Their card is automatically charged. If there are any disputes, eBay and PayPal takes care of it not you. That has always been the simplest solution. I don't know why it can never be implemented. The number of problems it would solve and money saved from wasting time on stupid disputes would be ridiculous.