Ebay/Paypal's ridiculous fees - page 23.

Fabrizio89

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Quote from: CoinsForTech on August 14, 2014, 07:54:29 PM

I think it's inevitable that eBay/PayPal will accept bitcoin. There has been talk of it for quite sometime and just yesterday Wall Street Journal posted about Braintree (PayPal subsiduary) accepting PayPal. You can read that article here - http://online.wsj.com/articles/ebay-payment-unit-in-talks-to-accept-bitcoin-1408052917

I just don't see them passing the savings onto the consumers to be honest. If they did it would eat at PayPals core business.

That's what I guess too, there could be some minor changes in fees if they integrate Bitcoin into their system their but obviously not as big as their savings will be at first. Braintree already did so to a certain extent anyway and there was no advantage for the consumer. One can argue that the protection they offer is worth the cost, but it will be interesting to see what happens when people realize that with btc you can have such service in a more convenient way. I think anyway they will have to lower fees to stay in the game and they will have to redesign their platform to accomodate such changes.

elebit

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Quote from: CoinsForTech on August 14, 2014, 07:54:29 PM

I just don't see them passing the savings onto the consumers to be honest. If they did it would eat at PayPals core business.

Not sure actually. Ebay really drives home the message that Paypal is for buyer protection.

Perhaps that is a clever way to pave the way for other payment methods? Escrow services is pretty important in the Bitcoin universe.

CoinsForTech

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Quote from: d2dtk on August 14, 2014, 05:32:03 PM

Quote from: Shattered on August 14, 2014, 05:19:54 PM

Quote from: iVory1 on August 14, 2014, 10:35:06 AM

I really hate PayPal, good thing I found out about Bitcoin, my life is easier now Grin

Welcome aboard. iVory1

Im not sure how many years it will take, but PP will not last long (in its current state of operations).

I cant wait for that day...im a former power seller on Feebay...

I get misty eyed when thinking about how much money they have squeezed from me with their BS triple charge scams...
Dont even get me talking about their one sided policy on Buyer protection.

Being a Seller over there was like getting taxed by Mafia goons in the 30's

I had read something about Paypal/eBay looking into bitcoin acceptance or something to that effect. Seems like what ever the get their hands on the'll fudge us up the a hole some way or another, probably will charge higher fees just to use bitcoin.

I think it's inevitable that eBay/PayPal will accept bitcoin. There has been talk of it for quite sometime and just yesterday Wall Street Journal posted about Braintree (PayPal subsiduary) accepting PayPal. You can read that article here - http://online.wsj.com/articles/ebay-payment-unit-in-talks-to-accept-bitcoin-1408052917

I just don't see them passing the savings onto the consumers to be honest. If they did it would eat at PayPals core business.

d2dtk

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Quote from: Shattered on August 14, 2014, 05:19:54 PM

Quote from: iVory1 on August 14, 2014, 10:35:06 AM

I really hate PayPal, good thing I found out about Bitcoin, my life is easier now Grin

Welcome aboard. iVory1

Im not sure how many years it will take, but PP will not last long (in its current state of operations).

I cant wait for that day...im a former power seller on Feebay...

I get misty eyed when thinking about how much money they have squeezed from me with their BS triple charge scams...
Dont even get me talking about their one sided policy on Buyer protection.

Being a Seller over there was like getting taxed by Mafia goons in the 30's

I had read something about Paypal/eBay looking into bitcoin acceptance or something to that effect. Seems like what ever the get their hands on the'll fudge us up the a hole some way or another, probably will charge higher fees just to use bitcoin.

Shattered

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Quote from: iVory1 on August 14, 2014, 10:35:06 AM

I really hate PayPal, good thing I found out about Bitcoin, my life is easier now Grin

Welcome aboard. iVory1

Im not sure how many years it will take, but PP will not last long (in its current state of operations).

I cant wait for that day...im a former power seller on Feebay...

I get misty eyed when thinking about how much money they have squeezed from me with their BS triple charge scams...
Dont even get me talking about their one sided policy on Buyer protection.

Being a Seller over there was like getting taxed by Mafia goons in the 30's

iVory1

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I really hate PayPal, good thing I found out about Bitcoin, my life is easier now Grin

Swordsoffreedom

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Quote from: Shattered on August 13, 2014, 10:51:01 PM

Quote from: winter on August 13, 2014, 09:56:23 PM

the worst is how ebay and paypal ~~double~~ triple dip on you

you have to pay to list the item
then get fees taken from the item sold
then you have to pay the sold listing fee
then your money goes to paypal and guess what they take something

just goes to show you can buy a company and then keep it aside so you can take more money in
ebay owns paypal and its a win win

The multiple fees are the very reason many people HATE Feebay and the other rip off payment processing site.

Final value fee of 10% of your gross sale!??
Plus the fee they charge you for accepting payment thru PP makes it close to 15% when its all said and done - Its criminal.
I know people will say, "You dont like the fees, dont use the site" but thats not the point.

Its sketch on so many levels how they squeeze money from their customers...
American capitalism at its finest.
Shameful-

Definitely with you guys on that one
Paypal is a rip off Ebay is a giant rip off its just a bad taste of crony capitalism
Everyone pays each other inside their own ecosystem.

Then sometimes they offer free listings for ebay to draw some in but they still get to dip a few more times.

Shattered

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Quote from: winter on August 13, 2014, 09:56:23 PM

the worst is how ebay and paypal ~~double~~ triple dip on you

you have to pay to list the item
then get fees taken from the item sold
then you have to pay the sold listing fee
then your money goes to paypal and guess what they take something

just goes to show you can buy a company and then keep it aside so you can take more money in
ebay owns paypal and its a win win

The multiple fees are the very reason many people HATE Feebay and the other rip off payment processing site.

Final value fee of 10% of your gross sale!??
Plus the fee they charge you for accepting payment thru PP makes it close to 15% when its all said and done - Its criminal.
I know people will say, "You dont like the fees, dont use the site" but thats not the point.

Its sketch on so many levels how they squeeze money from their customers...
American capitalism at its finest.
Shameful-

CoinsForTech

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Quote from: Slark on August 12, 2014, 11:28:17 AM

Quote from: CoinsForTech on August 11, 2014, 08:53:58 PM

We will be launching our marketplace shortly. Will require beta testers in the next week or so.

Exciting times ahead

What exactly your markes is gonna sell? What is the site name?

We've teamed up with a couple of suppliers for the launch. We will be providing the bulk of the products, however we've made sure there will be a bit of diversity. I am confident we can convince other sellers to join up. We just need you guys to tell your friends and bring the customers!

I can't tell you the domain yet but all will be revealed shortly. We are just preparing for our beta launch hopefully next week.

winter

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the worst is how ebay and paypal double dip on you

you have to pay to list the item
then get fees taken from the item sold
then you have to pay the sold listing fee
then your money goes to paypal and guess what they take something

just goes to show you can buy a company and then keep it aside so you can take more money in
ebay owns paypal and its a win win

Slark

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Quote from: CoinsForTech on August 11, 2014, 08:53:58 PM

We will be launching our marketplace shortly. Will require beta testers in the next week or so.

Exciting times ahead

What exactly your markes is gonna sell? What is the site name?

Spearmint

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ridiculous the fee's they charge, be nice if there was a decent bitcoin auction website

CoinsForTech

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We will be launching our marketplace shortly. Will require beta testers in the next week or so.

Exciting times ahead

solitude

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up

bigtimespaghetti

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Quote from: Coolstoryteller on August 07, 2014, 01:56:45 AM

Quote from: bigtimespaghetti on August 04, 2014, 01:06:42 AM

Quote from: gavgav on August 03, 2014, 04:48:21 PM

How else would you suggest eBay/paypal make their money?

q

I don't think anyone resents the fact they charge fees, it's that they are quite high.

Granted they corner most of the market, so many people just put up with it, a better site will come along one day I would expect.

Cloakcoin is solving this issue with their OneMarket implementation. Anon decentralized marketplace integrated into the wallet. If you want to test out the platform #Onemarket on IRC freenode.

http://www.cloakcoin.com/onemarket.pdf
www.cloakcoin.com
https://bitcointalksearch.org/topic/ann-cloak-cloakcoin-no-premine-x13-decentralized-market-and-posa-637704

Alot of coins have been implementing decentralised exchanges, sounds good.

Coolstoryteller

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Quote from: bigtimespaghetti on August 04, 2014, 01:06:42 AM

Quote from: gavgav on August 03, 2014, 04:48:21 PM

How else would you suggest eBay/paypal make their money?

q

I don't think anyone resents the fact they charge fees, it's that they are quite high.

Granted they corner most of the market, so many people just put up with it, a better site will come along one day I would expect.

Cloakcoin is solving this issue with their OneMarket implementation. Anon decentralized marketplace integrated into the wallet. If you want to test out the platform #Onemarket on IRC freenode.

http://www.cloakcoin.com/onemarket.pdf
www.cloakcoin.com
https://bitcointalksearch.org/topic/ann-cloak-cloakcoin-no-premine-x13-decentralized-market-and-posa-637704

bigtimespaghetti

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Quote from: gavgav on August 03, 2014, 04:48:21 PM

How else would you suggest eBay/paypal make their money?

q

I don't think anyone resents the fact they charge fees, it's that they are quite high.

Granted they corner most of the market, so many people just put up with it, a better site will come along one day I would expect.

gavgav

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How else would you suggest eBay/paypal make their money?

solitude

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The thread has turned into a cryptothrift shilling thread, for better or worse

They need to hire a new web designer

dKingston

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Quote from: Baitty on July 16, 2014, 06:36:43 PM

I really hope someone can make a site like Bitmit again. I can't believe that the owner didn't sell it like he was going too.

Have you heard about cryptothrift? It is the new bitmit try it.

Topic: Ebay/Paypal's ridiculous fees - page 23. (Read 81100 times)