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Topic: RE-EDIT**EDIT*: How to SAFELY sell Bitcoins on eBay - page 2. (Read 21829 times)

sr. member
Activity: 366
Merit: 258
If you do sell use these guys http://btcrow.com/
They are an escrow service. I was thinking about selling on ebay but didnt have the balls to do it. Basically with bitcoins there is no proof that the buyer received the coins since they arent delivered conventionally, ie the mail. Through the mail their is tracking and what not to prove delivery. Use these guys and it acts as a proof of receipt.

Unfortunately this is a bad idea.  Lack of escrow is not the problem.  Payment reversals due to Paypal disputes is the problem.  This can happen well after escrow has closed.  The ONLY thing that can potentially help you as a seller is the mailing of a tangible item to the buyer's verified Paypal address.  There is no way Paypal will possibly side with you on a dispute if you don't have evidence of that shipment. Again, Paypal will not even consider your case if you don't have proof of mailing a tangible good to a verified address. 

hero member
Activity: 658
Merit: 500
If you do sell use these guys http://btcrow.com/
They are an escrow service. I was thinking about selling on ebay but didnt have the balls to do it. Basically with bitcoins there is no proof that the buyer received the coins since they arent delivered conventionally, ie the mail. Through the mail their is tracking and what not to prove delivery. Use these guys and it acts as a proof of receipt.
sr. member
Activity: 366
Merit: 258


Quote

Any restriction on PayPal is defacto a restriction on ebay as you MUST accept PayPal as a condition of listing on ebay.  Just because ebay doesn't kill every listing within seconds doesn't mean they support it.  There are something like 20 million auctions on ebay at any particular time.  It simply isn't cost effective to monitor them all continually.

It would be like a cop stops you for speeding 75 in a 60.  You say to the cop "if speeding is illegal then why didn't someone stop me yesterday when I was speeding?  Obviously you must be incorrect and speeding is not illegal"  Smiley


From my experience, eBay is actually pretty vigilant about policing its auctions.  If its against their terms of use, the auction will get taken down 90% of the time.  I've never been in that 10% myself.  I've listed other grey area items items that I didn't realize were TOS violations at the time, and every one has been taken down.  

On another note, I'm not finding the explicit prohibition in Paypal's Terms of Use against paying for bitcoins.  Do you know where I can find that?  They clearly state that they don't protect the seller in the case on non-tangible goods but I can't find anything explicitly related to bitcoin buying being a TOS violation.
newbie
Activity: 7
Merit: 0
Thanks man! I've been thinking about how to not get scammed/closed, when selling Bicoins on eBay.
legendary
Activity: 896
Merit: 1000
IMPORTANT EDIT

See OP
newbie
Activity: 41
Merit: 0
I've sold several coins on eBay. My experience is there are people out there that will buy BTC for a big markup. There are a whole bunch of scammers too. The game you have to play is how to screen out the scammers. I haven't quite finessed my algorithm for doing this but thanks OP for posting your method. It does seem "safer" than a lot of ways I have tried.  Cool

jr. member
Activity: 63
Merit: 1
don't sell on ebay.
newbie
Activity: 18
Merit: 0
I can't even tell you how many coins I've sold on there. Usually I do it in like
member
Activity: 79
Merit: 10
I've heard that Paypal is freezing accts of people who sell Bitcoins on ebay.  I don't know if this is true but it makes me think twice.   Paypal doesn't like ebay because it is their competition so not surprised they would do this.

I've also heard similar things. I can't provide links or any extra info, the only reason i've heard this kinda thing is due to the fact that im a massive forum lurker and i've heard way too many cases of people getting charged back when trying to sell bitcoin via paypal. Obviously paypal/ebay (owned by the same company fyi) doesn't like this occuring a bunch, so i'd imagine they would try to do anything in their power to stop fraudulent things like this occuring.
hero member
Activity: 518
Merit: 500
I've heard that Paypal is freezing accts of people who sell Bitcoins on ebay.  I don't know if this is true but it makes me think twice.   Paypal doesn't like ebay because it is their competition so not surprised they would do this.
donator
Activity: 1218
Merit: 1079
Gerald Davis
How long do chargebacks typically have to occur? It is a 30 day timeframe is it not? I'll attempt to try this, not too worried about losing a small amount of BTC. Will report back here once everything is done.

120 days from the statement after the unauthorized transaction occurs.
member
Activity: 98
Merit: 10
Sometimes - history needs a push.
How long do chargebacks typically have to occur? It is a 30 day timeframe is it not? I'll attempt to try this, not too worried about losing a small amount of BTC. Will report back here once everything is done.
newbie
Activity: 14
Merit: 0
I would not be surprised if they did ban all crypto currencies or specialty mining hardware. At least until they get the OK from the government. They would not want to run afoul of the masters of the house.
legendary
Activity: 1014
Merit: 1003
VIS ET LIBERTAS
Quote
Since yesterday, they dont want to here about bitcoins anymore
What?
Yep they sand an email to members for say it s now forbidden to sell, asic, btc etc
 I think you'r just spreading Fouled Up Disinformation. Link? Huh
newbie
Activity: 52
Merit: 0
Yeah,
Their legal dept is aggressive... hence the email I received: http://prntscr.com/14ont0

I didn't find anything conclusive searching the EB forums... though the whole 'e-currency' thing sounds like it would violate PP TOS. Seller beware unless you want to risk receiving an email similar to the one above + a suspension of your account?

Who knows?
newbie
Activity: 28
Merit: 0
Quote
How to sell safely on ebay? Dont - use an exchange that can link a bank account, ie: coinbase .

Be prepared for a call from the IRS if you sell more than $10,000k
(Not a joke, pay your taxes)
true, but at the moment I believe coinbase allows only a 50 btc withdrawl per day, 7$k give or take, good for now lol....    offshore banks Wink
newbie
Activity: 8
Merit: 0
Thank you very much for this post. I will use this in the future when selling coins, i assume you can do that same with litecoins?
newbie
Activity: 28
Merit: 0
Quote
How to sell safely on ebay? Dont - use an exchange that can link a bank account, ie: coinbase .

Be prepared for a call from the IRS if you sell more than $10,000k
(Not a joke, pay your taxes)
newbie
Activity: 28
Merit: 0
How to sell safely on ebay? Dont - use an exchange that can link a bank account, ie: coinbase .
newbie
Activity: 28
Merit: 0
Quote
Yep they sand an email to members for say it s now forbidden to sell, asic, btc etc

...BitCoin selling has ALWAYS been forbidden to sell by PayPal
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