eBay will go bankrupt in 10-15 yrs, and Bitcoin will be largely to blame

Justin00

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how much are ebay fee;s ? I recently sold something and it seemed like fee's were 11-12%
thats a shitload if you ask me..

also I havn't had tme to look into this yet so I figured Id ask quckly.. when you owe ebay fees... do they just auto take it from your paypal and thus auto take from bank acct (if linked to bank acct) ? Pretty wrong if that if that is what they do, if it is indeed hat happened to me.

I am sure its all legal and above board but a shity move to just take funds after sneding you the invoice for like 2 hours...

Quote from: beatljuice on May 28, 2014, 09:06:41 PM

I'm someone that actually lives off selling on Ebay and Amazon and I have no problem with the fees at all. No other sites promote my sales with advertising and search engines as well as Amazon and Ebay. Doesn't matter what the fees are if you aren't making sales. I'll happily pay even more (I pay around 30% to Amazon to take care of nearly everything). I do have a problem with the restrictions - like only being able to accept PayPal (or do my own credit card processing) I used to accept checks on Ebay before the restriction and never had a problem and would now love to accept Bitcoin. Or the fact that I can't sell clothes or cell phones on Amazon.

I want Dark Market (or Open Bazaar) to get going. That will be the shit. Assuming, of course, search engines index it.

LostDutchman

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ebay and all other such sites will adapt or die.

It is the way of things.

Ezravdb

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counter

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Time is on our side, yes it is!

I'd have to agree the BTC could play a huge part in the fall of Ebay. If you consider the amount of mom and pop ebays that pop up when a new altcoin comes along then you can imagine how the future will have many more of these ebay like online storefronts.

It's must me annoying watching the control of their market shrink as time progresses. Maybe they will do the smart thing and slowly accept BTC and other cryptos that are worth investing in..

Beliathon

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Quote from: bryant.coleman on June 14, 2014, 12:22:07 AM

Quote from: kellzy on June 01, 2014, 09:04:52 AM

Ebay is massive. Bitcoin is still to complicated for the average person.

With the introduction of payment processors such as Bitpay and Coinbase, Bitcoin is no more complicated when compared to Paypal right now. But safe storage of the coins seems to be out of reach for the non-tech savvy users.

Coinbase IS safe storage of the coins! It's also extremely user-friendly. Unfortunately it's mostly limited to American users, at least for now.

bryant.coleman

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Quote from: kellzy on June 01, 2014, 09:04:52 AM

Ebay is massive. Bitcoin is still to complicated for the average person.

With the introduction of payment processors such as Bitpay and Coinbase, Bitcoin is no more complicated when compared to Paypal right now. But safe storage of the coins seems to be out of reach for the non-tech savvy users.

ShakyhandsBTCer

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Quote from: hilariousandco on June 01, 2014, 09:10:20 AM

Quote from: kellzy on June 01, 2014, 09:04:52 AM

I agree with Balls.
Ebay is massive. Bitcoin is still to complicated for the average person.
most people struggle with Paypal haha

I dunno why but that made me chuckle. But I also agree with you and Balls Cheesy

. If bitcoin is taking away some of their business they'll just implement it and reduce their fees accordingly. They'd rather lose a bit of profits than go completely bankrupt or become redundant.

eBay and bitcoin do not really compete with eachother.

eBay is a centralized marketplace where people can buy and sell goods with a number of payment methods.

Bitcoin is a P2P payment network that is decentralized.

Paypal is the entity that really competes with Bitcoin.

I would find it likely that Paypal would become so unprofitable for eBay in the future that they essentially shut it down and stop offer the "service" of paypal

LostDutchman

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Quote from: kellzy on June 01, 2014, 09:04:52 AM

I agree with Balls.
Ebay is massive. Bitcoin is still to complicated for the average person.
most people struggle with Paypal haha

True.

hilariousandco

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Quote from: kellzy on June 01, 2014, 09:04:52 AM

I agree with Balls.
Ebay is massive. Bitcoin is still to complicated for the average person.
most people struggle with Paypal haha

I dunno why but that made me chuckle. But I also agree with you and Balls Cheesy

. If bitcoin is taking away some of their business they'll just implement it and reduce their fees accordingly. They'd rather lose a bit of profits than go completely bankrupt or become redundant.

kellzy

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I agree with Balls.
Ebay is massive. Bitcoin is still to complicated for the average person.
most people struggle with Paypal haha

Balls

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I doubt ebay will ever allow themselves to get anywhere near bankruptcy. They'll just change their business practices if they're feeling the heat or start to struggle.

sleepygeekygeek

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Bitcoin will compete against PayPal. Maybe a dark online exchange will beat up eBay.. someone will start a decentralized auction like how Nxt has an asset exchange.

bryant.coleman

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Quote from: bitcoinanon on May 31, 2014, 02:31:03 PM

My colleagues and I have had issues with ebay in the past. And being that sites like ebay and amazon survive off fees mostly it will be interesting to see how they adapt or fall off as bitcoin becomes more mainstream and then more preferred as a payment option. Though this is probably another five years away or more. I am really hoping both ebay and amazon choose not to accept bitcoin for a long while; which will hopefully allow other smaller start-ups a decent share in the market.

Amazon has no reason not to accept Bitcoin payments. But the case with Ebay is different. A lot of opposition will come from Paypal, if Ebay accepts Bitcoin as a mode of payment. A compromise might be reached in the end, I hope. Probably Paypal will also integrate Bitcoin to its system.

Beliathon

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Quote from: serenitys on May 31, 2014, 03:49:08 AM

paypal = blockbuster....it is doomed.

Truer words have never been written.

bitcoinanon

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The way of the future...

My colleagues and I have had issues with ebay in the past. And being that sites like ebay and amazon survive off fees mostly it will be interesting to see how they adapt or fall off as bitcoin becomes more mainstream and then more preferred as a payment option. Though this is probably another five years away or more. I am really hoping both ebay and amazon choose not to accept bitcoin for a long while; which will hopefully allow other smaller start-ups a decent share in the market.

jbreher

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Quote from: bryant.coleman on May 31, 2014, 01:52:39 AM

Apple hates Bitcoin, and it is not going to change.

If Apple's (assumed) upcoming payments system tanks in the marketplace, then Apple's stance on Bitcoin will indeed change.

LostDutchman

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Quote from: serenitys on May 31, 2014, 03:49:08 AM

paypal = blockbuster....it is doomed.

Horseshit.

serenitys

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Be Here Now

paypal = blockbuster....it is doomed.

bryant.coleman

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Quote from: zimmah on May 30, 2014, 07:29:01 PM

Alibaba is in China, China hates bitcoin.

Apple hates bitcoin (you can't even get any bitcoin apps from the apple store, since apple banned them all)

Not sure about amazons stance on bitcoin

Ebay/paypal are the only ones who have shown interest in bitcoin out of the ones you have listed. Maybe they're not as stupid and anti-bitcoin as you think. Maybe they'll actually change their course much beofr ethe others and by making that move they might survive and take an even bigger market share.

I am not sure about Alibaba's stance on Bitcoin. They operate in other countries such as Hong Kong and Singapore also. So I don't think that the Chinese ban will affect them. Yes... Apple hates Bitcoin, and it is not going to change. Regarding Amazon, I have heard that the Amazon WS is about to introduce Bitcoin payments. Ebay / Paypal, not sure about them.

Sydboy

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ebay and alibaba are differant. 15 years ago they didn't have all the cheap chinese stuff on ebay, or the resellers of it. it was just people selling crap.but yeah.

Topic: eBay will go bankrupt in 10-15 yrs, and Bitcoin will be largely to blame (Read 4080 times)