Selling Bitcoin on EBay | Bitcointalksearch.org

hilariousandco

global moderator

Activity: 3990

Merit: 2713

Join the world-leading crypto sportsbook NOW!

Quote from: jcoin200 on January 19, 2014, 06:52:05 AM

Exactly. Until they specifically add a provision for selling crypto currency it's not a good idea in my opinion. All they really need to do though is add a rule that states each party will post their wallet addresses before the transaction, then the seller posts the blockchain info after sending the btc. This is the only proof needed for any btc transaction. Then eBay can start reaping huge profits by taking their insane 13% of each transaction.

It's a very simple process to implement and the blockchain is the best record you could ever need for proof of sending and payment. Hopefully they will up their game and implement it in the near future.

jcoin200

hero member

Activity: 504

Merit: 500

Exactly. Until they specifically add a provision for selling crypto currency it's not a good idea in my opinion. All they really need to do though is add a rule that states each party will post their wallet addresses before the transaction, then the seller posts the blockchain info after sending the btc. This is the only proof needed for any btc transaction. Then eBay can start reaping huge profits by taking their insane 13% of each transaction.

hilariousandco

global moderator

Activity: 3990

Merit: 2713

Join the world-leading crypto sportsbook NOW!

Quote from: BitCoinPokerBro on January 17, 2014, 10:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

What happens when they say there was no pen in the signed for package, but just a twig?

tins

hero member

Activity: 882

Merit: 500

Quote from: KWH on January 17, 2014, 04:59:30 PM

Quote from: BitCoinPokerBro on January 17, 2014, 10:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Until the fraud, hacked or dog ate my PC accusations come in.

Yup, I lost a whole bunch of Litecoins that way last year.
Lesson learned. Never use Paypal for crypto transactions. Never ever, ever!

Peacefrog

full member

Activity: 213

Merit: 100

I've seen a decent bit of auctions going through with crypto. What everyone is doing is auctioning a single us penny (because its tangible and its not cryptocurrency being sold) but the doge's or btc's are a gift with the purchase. I've seen plenty of these go through recently with no problem

If you do this look at some others. most offer the penny for pick up only so they don't need to pay shipping to the few dumb-asses who want the penny

rext

full member

Activity: 378

Merit: 100

Quote from: adam9317 on January 17, 2014, 10:30:08 AM

Quote from: BitCoinPokerBro on January 17, 2014, 10:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Smart idea

that's pure genius hahaha, paypal will be at a dilemma

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

Quote from: BitCoinPokerBro on January 17, 2014, 10:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Until the fraud, hacked or dog ate my PC accusations come in.

adam9317

member

Activity: 84

Merit: 10

Quote from: BitCoinPokerBro on January 17, 2014, 10:00:01 AM

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

Smart idea

BitCoinPokerBro

hero member

Activity: 826

Merit: 1000

A lot of ebay sellers list btc/altcoins like this

Buy a pen get x amount of btc/altcoin free

That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.

guybrushthreepwood

legendary

Activity: 1232

Merit: 1195

Quote from: techstorm2 on January 17, 2014, 07:12:00 AM

I just got a warning email with my listings being removed, I wouldnt bother! Not worth the risk.

Sad

Apparently ebay are going to allow listings in the classified section from February: http://www.coindesk.com/ebay-uk-virtual-currency-february/

techstorm2

full member

Activity: 196

Merit: 100

I just got a warning email with my listings being removed, I wouldnt bother! Not worth the risk.

Sad

jcoin200

hero member

Activity: 504

Merit: 500

See my earlier thread, I had the same exact idea to sell small amounts of BTC to maximize profit:
https://bitcointalksearch.org/topic/how-to-safely-sell-bitcoins-on-ebay-349056

Currently its not a good idea. I went through the dispute process and they are unaware/dont care about the blockchain information. Until they revamp their company policy it is not a good place to buy/sell BTC.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: cryptasm on January 16, 2014, 09:19:57 AM

Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:

"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".

Wow, that's new. I wonder if they are going to add a bitcoin payment option as well?

adam9317

member

Activity: 84

Merit: 10

Quote from: cryptasm on January 16, 2014, 09:19:57 AM

Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:

"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".

In a way that's good so they are doing something so people can sell Bitcoin.

cryptasm

legendary

Activity: 997

Merit: 1002

Gamdom.com

Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:

"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".

KWH

legendary

Activity: 1904

Merit: 1045

In Collateral I Trust.

This subject has been beat to death already. Please use the Search feature.
To answer your question, again: Use PP/Ebay if you want to lose your funds and get your account banned in the process. I would rather gamble my coins away. Read PP TOS.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

I sold 1000 for a dollar to try it. Cost 33% fee LOL and then gotta worry about chargeback? Nope don't do it.

http://www.ebay.com/itm/201011003993?ssPageName=STRK:MESOX:IT&_trksid=p3984.m1559.l2649

When I went to relist Flea-Bay wanted a CC incase of chargeback. Yeah right they already own Paypal!

best-miner.com

full member

Activity: 123

Merit: 100

best-miner.com

I don't suggest to do it too, you may have to prove you've transfer your bitcoin to the buyer, as ebay may don't accept your opinion.

gamybtc

member

Activity: 112

Merit: 10

You can sell physical coins, however ebay allows selling of coins, but you cant sell digital goods, no protection. Just loss.

twentyseventy

legendary

Activity: 1386

Merit: 1000

Don't do it. Not ever. You will get chargedback and lose all of your BTC. Remember that BTC is irreversible and Paypal is not.

Also, they're permabanning eBay/Paypal accounts involved with BTC now.

TheButterZone

legendary

Activity: 3038

Merit: 1032

RIP Mommy

Deselect PayPal from the payment options, and replace it by checking another electronic method. Or sell in Adult Goods, where they don't even have an option for PayPal, because PayPal prohibits Adult Goods.

hilariousandco

global moderator

Activity: 3990

Merit: 2713

Join the world-leading crypto sportsbook NOW!

Quote from: adam9317 on January 12, 2014, 01:14:40 PM

Hi there, if this is in the wrong forum mods please move it!

I understand there is the high risks with selling Bitcoin on EBay and people reversing the paypal transaction, but I can see that if you sell in small increments (0.01 or 0.001) you should be able to make a nice profit as long as there isn't too many scammers.

What would your thoughts be about selling on ebay?

The ideas that I had came up with to minimise scammers
1. Sell in small increments
2. Set minimum feedback or you get refunded

What do you think of this?

If you have any more tips about this please let me know!

Doesn't matter about feedback really. Scammers will still scam you with accounts that have the minimum feedback required. You can try sell on ebay but you'll have to take into consideration the occasional scam/PP chargeback. Up to you on what you do.

adam9317

member

Activity: 84

Merit: 10

Quote from: Twitchdoge on January 12, 2014, 01:16:26 PM

not good ebay is currently removing all dogecoins posts and paypal wants nothing to do with dogecoins , id suggest against doing it

thanks, any other tips?

Why doge and not Bitcoin I wonder?

Twitchdoge

newbie

Activity: 28

Merit: 0

not good ebay is currently removing all dogecoins posts and paypal wants nothing to do with dogecoins , id suggest against doing it

adam9317

member

Activity: 84

Merit: 10

Hi there, if this is in the wrong forum mods please move it!

I understand there is the high risks with selling Bitcoin on EBay and people reversing the paypal transaction, but I can see that if you sell in small increments (0.01 or 0.001) you should be able to make a nice profit as long as there isn't too many scammers.

What would your thoughts be about selling on ebay?

The ideas that I had came up with to minimise scammers
1. Sell in small increments
2. Set minimum feedback or you get refunded

What do you think of this?

If you have any more tips about this please let me know!

Topic: Selling Bitcoin on EBay (Read 2241 times)