Why Bitcoins are so expensive on Ebay? - page 3.

Frost

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Quote from: EcuaMobi on March 13, 2015, 10:52:05 AM

Quote from: Frost on March 13, 2015, 10:48:12 AM

Is there a risk that sellers get their PayPal accounts supended when they sell Bitcoin via PayPal on Ebay?

There's a risk to get the eBay account suspended. Officially it's not allowed to sell crypto-currency on eBay.

I'm not sure about the PayPal account. I think so.

Ok thank you.

EcuaMobi

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Quote from: Frost on March 13, 2015, 10:48:12 AM

Is there a risk that sellers get their PayPal accounts supended when they sell Bitcoin via PayPal on Ebay?

There's a risk to get the eBay account suspended. Officially it's not allowed to sell crypto-currency on eBay.

I'm not sure about the PayPal account. I think so.

Frost

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Is there a risk that sellers get their PayPal accounts supended when they sell Bitcoin via PayPal on Ebay?

winchancer

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Quote from: funtotry on March 12, 2015, 06:54:49 PM

eBay forces paypal which is reversable, they usually favor the buyer in disputes (I have been victim by paypal 3 times), and usually people buying btcs on paypal might not be smart enough to ACTUALLY check the price so they can score lots of profit off of attempting this.

a lot of scams on ebay, never buy more than 0.1 btc

funtotry

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eBay forces paypal which is reversable, they usually favor the buyer in disputes (I have been victim by paypal 3 times), and usually people buying btcs on paypal might not be smart enough to ACTUALLY check the price so they can score lots of profit off of attempting this.

Bralex

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Quote from: Bit_Happy on March 09, 2015, 06:00:54 PM

Paypal has earned a bad reputation and deserves a worthwhile competitor. I look forward to seeing them slowly fade away.

I have to agree with this but imo ebay need to give way to a decentralized exchange without the extortion they call fee's, yes some fee must be paid but 10% of your sale to them and then you pay paypal their fee then you pay the tax man lol they are just leaches and when they are gone sooner the better. this could also explain why their price is high because the fee they must pay.

EcuaMobi

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Quote from: erikalui on March 12, 2015, 05:01:51 PM

It may be because of the Ebay fees as mostly everything on Ebay is quoted above the market price. Gift cards and other products as well because of the high fee of Ebay. They charge about 10% depending on the product you are selling.

That's definitely a factor, but not the main one. Bitcoins are usually sold there at about 60% to 100% more than market price.

erikalui

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It may be because of the Ebay fees as mostly everything on Ebay is quoted above the market price. Gift cards and other products as well because of the high fee of Ebay. They charge about 10% depending on the product you are selling.

Nrcewker

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Quote from: TheGr33k on March 10, 2015, 11:14:26 PM

Quote from: Nrcewker on March 10, 2015, 10:12:45 PM

lol, are you kidding me? anyone buy bitcoins on ebay??? Shocked

lol even better is when peolle try to sell alt coins, why but 1 bitcoin when I could buy 5 litecoins

did you think it is very nice? I don't think so

TheGr33k

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Quote from: Nrcewker on March 10, 2015, 10:12:45 PM

lol, are you kidding me? anyone buy bitcoins on ebay??? Shocked

lol even better is when peolle try to sell alt coins, why but 1 bitcoin when I could buy 5 litecoins

Nrcewker

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lol, are you kidding me? anyone buy bitcoins on ebay??? Shocked

gentlemand

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Quote from: randy8777 on March 10, 2015, 03:19:11 PM

Quote from: EcuaMobi on March 10, 2015, 10:16:34 AM

Quote from: gkv9 on March 10, 2015, 10:14:29 AM

Don't know whether it's true or not, but I heard somewhere before that a Bitcoin was sold for $10k at eBay and payment was made via PayPal...
Can anybody confirm on this???

Indeed. This was discussed here:
https://bitcointalksearch.org/topic/how-did-1-bitcoin-sell-for-10000-236067
The eBay listing is no longer published.

some one most likely bought it from himself or a friend.
no one would pay that much for a single bitcoin. it's just ridiculous.

It's already almost happened https://bitcointalk.org/index.php?topic=562440.340 but was a few dollars short.

randy8777

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Quote from: EcuaMobi on March 10, 2015, 10:16:34 AM

Quote from: gkv9 on March 10, 2015, 10:14:29 AM

Don't know whether it's true or not, but I heard somewhere before that a Bitcoin was sold for $10k at eBay and payment was made via PayPal...
Can anybody confirm on this???

Indeed. This was discussed here:
https://bitcointalksearch.org/topic/how-did-1-bitcoin-sell-for-10000-236067
The eBay listing is no longer published.

some one most likely bought it from himself or a friend.
no one would pay that much for a single bitcoin. it's just ridiculous.

EcuaMobi

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Quote from: gkv9 on March 10, 2015, 10:14:29 AM

Don't know whether it's true or not, but I heard somewhere before that a Bitcoin was sold for $10k at eBay and payment was made via PayPal...
Can anybody confirm on this???

Indeed. This was discussed here:
https://bitcointalksearch.org/topic/how-did-1-bitcoin-sell-for-10000-236067
The eBay listing is no longer published.

gkv9

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Don't know whether it's true or not, but I heard somewhere before that a Bitcoin was sold for $10k at eBay and payment was made via PayPal...
Can anybody confirm on this???

CrackedLogic

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People who sell bitcoin on eBay know that only people who are new will buy from eBay. They are waiting to find one of those people to buy as they are usually unaware of exchanges and demand and supply.

gentlemand

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Loads of stuff goes for more on Ebay than elsewhere. Casascius BTC coins often go for double or more what they fetch on here. I guess in the minds of the buyers it's somehow more 'legit'.

Bit_Happy

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A Great Time to Start Something!

Paypal has earned a bad reputation and deserves a worthwhile competitor. I look forward to seeing them slowly fade away.

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Quote from: thedreamer on March 09, 2015, 01:57:38 PM

Ahh. I never knew paypal was so stacked against sellers. Crap.

PayPal is stacked against us all. Consider that if BTC catches on they are out of business. They have no incentive whatsoever to help if a fraudulent bitcoin sale goes through. It's better for them to say "You shouldn't have used bitcoin".

EcuaMobi

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Quote from: thedreamer on March 09, 2015, 01:57:38 PM

Ahh. I never knew paypal was so stacked against sellers. Crap.

Personally I think it would be so easy for PayPal to know for sure whether the seller really sent the coins or not to the buyer.
It would just need to ask the buyer to give a unique address to the seller, if there's balance there then they know for sure the seller delivered.

The fact is PayPal just doesn't want to. Probably because they see bitcoin as a competitor.

Topic: Why Bitcoins are so expensive on Ebay? - page 3. (Read 5828 times)