RE-EDIT**EDIT*: How to SAFELY sell Bitcoins on eBay - page 2.

TitanBTC

sr. member

Activity: 366

Merit: 258

Quote from: darkproton on May 19, 2013, 12:55:57 AM

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.

darkproton

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.

TitanBTC

sr. member

Activity: 366

Merit: 258

Quote from: DeathAndTaxes on May 09, 2013, 07:13:50 PM

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"

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.

Clonex

newbie

Activity: 7

Merit: 0

Thanks man! I've been thinking about how to not get scammed/closed, when selling Bicoins on eBay.

johnniewalker

legendary

Activity: 896

Merit: 1000

IMPORTANT EDIT

See OP

snaxion

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

bitcointrader55

jr. member

Activity: 63

Merit: 1

don't sell on ebay.

suretoday

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

Aragami

member

Activity: 79

Merit: 10

Quote from: tclo on May 13, 2013, 10:23:38 PM

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.

tclo

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.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: hubbabubbabaker on May 13, 2013, 03:40:54 PM

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.

hubbabubbabaker

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.

Sawtoothsquid

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.

adamas

legendary

Activity: 1014

Merit: 1003

VIS ET LIBERTAS

Quote from: tradebot on May 12, 2013, 04:59:48 PM

Quote from: MiningUnited on May 12, 2013, 04:58:27 PM

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

bitdominion

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?

saudibull

newbie

Activity: 28

Merit: 0

Quote from: MiningUnited on May 12, 2013, 05:04:15 PM

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

Ravun

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?

MiningUnited

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)

saudibull

newbie

Activity: 28

Merit: 0

How to sell safely on ebay? Dont - use an exchange that can link a bank account, ie: coinbase .

MiningUnited

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

Topic: RE-EDIT**EDIT*: How to SAFELY sell Bitcoins on eBay - page 2. (Read 21882 times)