Topic: Selling on eBay- What's the deal these days? (Read 967 times)

My problem with eBay is that they almost ALWAYS side with the buyer on disputes, regardless of how untrustworthy or unreasonable the buyer is.  I no longer sell on eBay because I was burnt too many times.  I will occasionally buy on there when I am looking for a niche product. 

I want to point out, also, that paypal is no longer associated with ebay.  It hasn't been for awhile, however, Ebay now requires users to input their banking details and the payments are received by ebay themselves and then ebay releases payouts every 3 days.

Few days ago I saw the news how Ebay is preparing to add Bitcoin and other cryptocurrency payments on their platform.
This is probably going to be something similar like Paypal did, with custodial wallet and outrages fees, but it's still good news for bitcoin.
I just hope they are not going to release some new Ebay shitcoin, but anything is possible

I wouldn't go as far to say those things about the Encyclopedia personally, and I certainly don't think it created an industry..but it of course helped some.  Yeah ebay is still too risky to sell stuff on for me, but it's been essential to this hobby and growing it.  It's also a better price indicator than this site is, as there's of course a lot more buyers on there. Adding crypto as a payment source will certainly help protect against chargebacks (which of course won't be possible), but ebay will still side with the buyers and I don't see this as changing anything for the better in that regard, other than chargebacks.  Unless I'm just not thinking of something/missing something.   

Here's the catch 22. The #1 way people learn about the hobby is the Encyclopedia of physical bitcoins. That book created an industry. But, the #1 way people actually start collecting (obtaining a few items for themselves) is Ebay. I hate Ebay, but I still sell peeled or unloaded items on Ebay because I think it helps promote the hobby. Don't get me wrong, I profit some too, but the hassle and the way EBay disfavors the seller makes it risky. Still worth it though. I have been able to move many things I don't want to keep for my collection at good prices while benefiting the broader hobby.

Steeley

By the way, I just do not have the stomach for selling loaded items with more value than a Satori even if it is allowed by their rules. Too many variables that could result in loss.

The problem is that when you’re on the other end it they are your best friend which is why they stay around.

After what I just experienced this week with eBay and PayPal, I can honestly say I am done using both services permanently now. Long story short, I sold two digital codes that I had, sent buyer message with code, buyer responds back several minutes later that their account was "hacked". eBay rules in my favor so then buyer files claim with PayPal and PayPal states intangible goods are not covered (oh but they are covered per the April 13, 2020 update) and on top of this, PayPal now charges a $20 chargeback fee to seller, is this not hilariously outrageous? Sellers now incur a $20 fee even if a buyer was "hacked" bc they chargeback, I mean lmao, now we are charged a fee for something that is 100% out of our hands? Class action lawsuit all but guaranteed on the ethics of this chargeback fee practice.

Here is what has been made evident:
- eBay offers ZERO seller protection when PayPal is used as payment as I lost items without compensation as eBay has no actual jurisdiction on PayPal funds
- I could see this same scenario playing out with loaded collectibles as even though the actual coin was delivered, if the buyer claims the "digital money" was not on there, I could see the clown at PayPal reviewing the case claiming intangible goods not covered to the same extent as this.
- Your only chance of survival is honest buyers  

I have filed several claims against PayPal in regards to failure to honor Seller Protection Policy and the chargeback fee that is uncontrollable. Funny thing is, I actually saw I lost the dispute and didn't know about the update to intangible goods policy and was like eh oh well but then I saw the $20 fee I had to pay for being scammed and that's when I went on my witch hunt for evidence. Will update if anything comes of this, but sellers beware.

Any updates on this anyone ?

The headlines about pig's blood and cockroaches might have grabbed your attention yesterday over the scandal emerging from the usually staid e-commerce giant eBay. Federal prosecutors in Boston charged six former employees, including the former head of corporate security, with criminal cyberstalking and witness tampering after an almost year-long investigation into their effort to destroy the lives of a journalist and her husband. But one person who skated shouldn't escape this ugly spotlight: eBay's former CEO Devin Wenig.

It was Wenig's obsession with the couple's small news site covering eBay that led to the entire mess. In repeated communications with his staff, Wenig complained about the coverage on the site and began to get more specific, though never too specific, about his desires for what should happen to it: "Take her down," and "if you are ever going to take her down now is the time," are among the hot takes he texted to one of his direct reports. That person, who was not identified by prosecutors, reached out to the head of security and passed on Wenig's angry missives, setting in motion a crazy, harebrained and (now allegedly) illegal harassment campaign.

The conspirators bought burner phones and prepaid debit cards with cash, set up anonymous email and Twitter accounts, and used a VPN to try and hide their tracks. They mailed the couple all manner of disturbing things, including a mask of a bloody pig face and boxes of live cockroaches and spiders, while sending them threatening messages over Twitter. Then they traveled to Boston, spied on the couple, and started posting dangerously false meet-ups on Craigslist using the couple's address. When the couple complained to police and reported the license plate number of one of the eBay harassers' rental cars, the group concocted false paper trails, tried to delete their texts, and lied to detectives.

Wenig now says he knew nothing about all that. “As confirmed by the company, following a thorough, independent investigation, I did not direct or know anything about the acts that have been charged in Boston,” Wenig said in a statement to the Financial Times. “I have spent my career defending press freedoms. What these charges allege is unconscionable.”

The company on Monday apologized to the couple and said that while Wenig's "communications were inappropriate, there was no evidence that he knew in advance about or authorized the actions" described in the complaint. Still, the matter was among "a number of considerations" leading to Wenig's departure in September of last year, the company said. The former CEO was allowed to resign while keeping his annual compensation of $17 million, plus another $40 million negotiated as part of a severance package.

Prosecutors said the investigation remains ongoing and a civil lawsuit from the couple could be forthcoming. But as of today, it remains an unconscionable breach of leadership and moral standards that the $57 million man is getting off so easily.