Bitcoin Forum

For a long time I have been reading that it's China who controls the Bitcoins market. 60-80% of sellers on eBay are from China. So my question is why don't they accept payments in Bitcoin and why they insist on the paypal only? Shouldn't they be changing according to times? Or they can't change due to regulations?

i suppose it is because when they do it on eBay they have to stick with their rules. and besides there aren't really many people in the world who are using bitcoin, and it is no different in China or any other country.

and why do you think all Chinese are using bitcoin anyways?

You can already buy Ebay Gift cards for 50% discount and use up to $1,000 of giftcards per purchase.

https://localbitcoins.com/instant-bitcoins/?action=sell&country_code=US&amount=&currency=USD&online_provider=GIFT_CARD_CODE_EBAY&find-offers=Search?ch=3msg

You're welcome.  Just be careful on who you purchase from.  If they have thousands of feedback with 100% rating  ;D boom.

well i also think has the most largest controls in bitcoin market and in bitcoin mining but still we are not so sure about that and also not all people around the knows already what is bitcoin or even how to use it and how it works maybe ebay thinks that it is much better to stick with the payment method they already have .

OP, I believe most people would not be comfortable with how Bitcoin has no charge back ability. The way I see it, Paypal's charge back feature is to protect the consumers but it is a disadvantage on the seller. With Bitcoin on the other hand it plays well on the side of the merchants but the buyer will be at a disadvantage. It is not really a huge problem and it is nothing a buyer - seller escrow system cannot fix.

yeah agreed. I don't really think EVERYONE in china is using btc or some one crypto

...

eBay owns PayPal, no?

If they already own a digital payment provider, maybe they would not welcome competition.

I would really much prefer to pay for eBay items with BTC, much quicker.  Quieter too.

this has nothing to do with eBay and bitcoin and what OP is asking which is sellers on eBay accepting bitcoin instead of paypal!

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i believe it is mostly because of two things:
- they do not know about bitcoin, or if they do they can't use it because buyers don't know about it.
- they want the charge back feature of PayPal

The thing is eBay and paypal have split up. Bitcoin is the latest trend and it's popularity has surged. As many threads suggest here that China controls a he'll lot of btc. It's strange that thier sellers have not shifted to btc. I hope they do shift to btc soon. It will make buying really easy for me and other btc users

The reason is that ebey is a centralized platform.And only that company decides what payment methods the buyers and sellers are allowed to use.
And right now it looks like that ebay doesn't want to use Bitcoin.
On decentralized platforms things will look different.Vendors can use whatever payment system they want.

maybe they feel like there is not enough customers for them who are willing to buy with bitcoin and it would be understandable since bitcoin has no charge back and if you pay there is no way back even if the seller was a scammer but with paypal the buyers can have options.

The chargeback feature = A chance for scam the seller.
I was believing if this more on regulation or I could have assumed if the important one is caused by the demand of bitcoin users.

EBay and bitcoin are have difference in usage. With eBay international purchase is possible through PayPal, for which users have refund options which is not available with our bitcoin. Amazon had made a purchase access with bitcoin due to a service in collaboration with purse.io, falling years we might get the same access with eBay.

The answer could e as simple as because they know bitcoin is much valuable than dollar. If they start sending btc to somewhere else, its like giving away money to them. The Chinese knows how to handle money that is why most of them are businessmen.  ;D

Ebay and Amazon won't accept payments in Bitcoin because Bitcoin is irreversible and there will be no buyer protection whatsoever. Do you want all the Chinese sellers to start scamming people with fake goods? Steam can allow themselves to use Bitcoin because they sell digital goods which are very easy to disable on people's accounts after asking for a refund. Physical goods and Bitcoins is a no-no.

I really doubt that 60% of ebay sellers come from china but it is true that china is one of the largest exporter specially for electronic goods. But the real reason behind ebay/amazon not accepting bitcoin payment is that bitcoin transaction can't be reversed in case of charge back or faulty products. However they can have solution like holding bitcoin till buyer get satisfied, as well as to shop with bitcoin there are several bitcoin debit cards which are accepted in all stores and can be connected to paypal and shop on ebay/amazon.

maybe the reality was Ebay was not familiar with using bitcoins, or if they are, they think that most people are using Paypal since paypal was very popular and most people prefer to use paypal when buying goods on many merchants site on internet. but upon research now, paypal and ebay was now accepting bitcoins through braintree. Braintree works in partnership with Coinbase in allowing online sellers to merchants to accept bitcoin payments seamlessly.

It's true that majority of sellers are form China but using Bitcoin payment or not is probably not up to them but to ebay policy.
Besides the main payment method on ebay is PayPal and they don't accept and don't do business with Bitcoin. And that is also the question of buyers protection. How to make up to someone in Bitcoins since the transactions are irreversible?
But I think there are solutions but maybe no the will at the moment.

Most of the eBay sellers just buy goods form China and sell them on eBay.

I`m not sure that 60% of them are chinese.

They "insist to paypal only" because eBay owns Paypal. 

I take is that not all Chinese sellers on the internet are techno savvy. Those who are techno savvy would have tried but most buyers are still paying via other methods so they have no choice but to continue to use the "centralized" payment methods.

I also thinking about why eBay do not accept bitcoin as payment still. China is number one by bitcoin users, but maybe cause of they are the most on eBay but not all all they don't accept bitcoin still? In many countries people just didn't hear about bitcoin, but eBay could stay for such sellers and buyers other options as payPal.

the first thing is there are more paypal and usd dollar user compare to bitcoin users, ebay amazon or any big shop still haven't see the potential of bitcoin, and i think they are afraid of the negative reputation of bitcoin which will affected their reputation, but i believe one day ebay will be accepted bitcoin, if bitcoin got a good reputation and there are already a lot of people use bitcoin

Simply because you've read that, you can't assume it's true. There are a lot of hoaxes and speculations floating around regarding China that are reposted by journalists without verifying their validity. If you ask me, I would be very cautious interpreting the market share of the Chinese exchanges.

It's true that China controls the mining landscape. But from this fact you can't infer that Bitcoin is widely used by the average Chinese population. Even if there are a lot of users, their percentage in relation to the total population is very small. Therefore the probability that the average Chinese eBay seller is also a Bitcoiner is low.

Apart from that, eBay is restrictive regarding payment options and tries to push the use of services of its sister company PayPal.

ya.ya.yo!

i am not satisfied with you word " only paypal" .
I am not sure that from which country you are but in my country every type of payment is available at Ebay.in .
But may be soon may be they can accept bitcoin .

HI don't know about eBay. In I buy from the global site eBay. Com and there only paypal is accepted. Bitcoin is the need of the hour and I wish more and more sites added the option of Bitcoin. So far not many are accepting it, and some are yet not convinced by it. So let's see if that happens soon, not only on eBay but all sites.

Ebay never gonna accept bitcoin for sure as bitcoin is direct threat to their payment platform (paypal). If they start accepting bitcoin how they gonna handle charge back issues.

Never is a long time my friend... You want to tell me, a company will stick with PayPal when the world goes Bitcoin? ... eBay can incorporate

Bitcoin as a payment option tomorrow, if they want to. If they want consumer protection, they can just force people to use third party payment

processors. These companies have to adhere to strict KYC/AML regulations and they can block people's accounts, if something goes wrong.  ;)

Ebay has a ton of exposure. Honestly a lot more than bitcoin. PayPal is owned (but now a separate entity) by eBay. They most likely won't be accepting BTC anytime soon if it's still looked at as competition. If PayPal starts accepting bitcoin as a currency then we're golden.

Bitcoins on ebay would be great for sellers. Shit, if I wanted to, I can go hop on ebay right now, order a 2000$ item, get it shipped, sign for it, take a photo of me holding the item and send it to the seller, leave a positive feedback ... and then file a chargeback and I would win the case. No joke. The chargeback situation on ebay is bad, which is why I stopped selling there. I only got hit for $50 (loss of $15 total), but that was enough evidence for me that ebay/paypal is not a platform that I am comfortable receiving money on

I am trying to implement ways of accepting bitcoins in my offline business.
I just feel like it is way too confusing for people. I spent about half an hour trying to explain it to the main and she didn't know wtf I was trying to say lol.

I think even they have large bitcoin farming ebay can not be still trust bitcoin or buyers are not trusting to use bitcoin since it is new in their ear they are using paypal instead or credit card because it is for safety purposes costumers always the service of charge back or dispute. unlike in bitcoin after you send you can not recover back your bitcoin..This is i think the reason.

Can some one link to where ebay gives out the demographic breakdown for clients,I was unable to find anything in a quick search.

Will have to look into how safe those localbitcoin giftcards are that Bayarea mentions. Hoping it is not just a American thing and us Canadians can take advantage as well.

doesn't anyone know their history? all the endless china ban crap in 2013/14 was because bitcoin was starting to be used for commerce in china. the chinese government decided that was a bad idea and put a halt to it. after that they were free to trade it and collect it, not to use it to pay for anything.

i'm sure businesses could accept it but if volumes started to grow they might get shut down. and there's no way ebay would allow it out in the open. no protection for buyer or seller and that's their main thing.

Hi guys,
what would be the pros and cons of letting customers pay with bitcoins on Ebay? (especially if the transaction is cross-border)

I think it can be the same as amazon. that has alternative like purse.io for now we are still waiting for other site that bitcoin can be accepted as payment or even alternative if we are need to buy or shopings online like lazada or ebay which is until now no news or plan that they will added bitcoin as acceptable payment..
For now for customers safety they will still prefer to use paypal instead and i hope owner of purse.io to start a new business or ebay added to purse io..

There wasn't a clear statement about it, It may get a good or bad result. You could have asked this with ebay customer support.

Honestly I think It's like a kind of policy by ebay that's why they don't accept payments in Bitcoin or may be costumers safety purposes they use paypal or credit card instead of BTC There have another point charge back issues suppose they accept it they are not only unable to handle it but also it can be direct threat to their payment platform (paypal) for Crypto popularity.

Pros :

~ It gives you a alternative, if other payment options are not available to you for some reason.
~ Bitcoin has been the best performing currency for many years
~ You pay less for the transaction, due to smaller fees < No banks or remittance services needed >
~ Cross border transfers < remittance > is cheaper.
~ The transactions are fairly quick and you do not have to wait for bank transfers to go through to fund your account.
~ You can use them as a reliable Escrow services.

Cons :

~ You will have to rely on eBay as a third party and Bitcoin was designed not to use third parties.
~ eBay will add fees for their services, which will make Bitcoin transactions more expensive.
~ eBay can manipulate transactions, like they are doing now. < centralized control >  

but with the help from third party, we can buy product in eBay and pay with bitcoin. i think only few people in china which is using bitcoin and  maybe its only under in 50% from their population. and for the eBay itself i think eBay will make integrated with bitcoin soon and paypal is still best option payment because paypal is really secure and protect their members when they go shopping.

the thing that usually people forget when they talk about bitcoin payment for buying from individuals (not a trusted and well known service) is the charge back option.

when someone wants to buy from ebay they want to have the option to charge back if the seller sent them a bad product, like broken, wrong thing, ... and they can not do it with bitcoin.

and that only is restricted to buying from individuals because we can not trust them ever even if they have a good history but a real place which is running a business is different for example you never think twice when buying things from Steam, or pay for your VPN service with bitcoin.

Are you sure about that percentage of Chinese users of eBay?
Because if we're talking about online shop here, there is 'Alibaba' which is owned by China.
That one has most of its users being Chinese, for sure.

ok they are many paypal users but still they are countries that dont allow paypay or allow in some point for example in my country i can only store money on paypal i can purchase or withdrawn them later this is bad but when i send bitcoin to my money account goes smooth with no issues

still think that in no so far future i mean in next few years we will see bitcoin accepted on ebay and amazon

would you include in the cons that generally a bitcoin is worth a lot of money in national currencies (for example 1 bitcoin is almost 670 euros) and so the common consumer is not willing to change this much money?

Most ebay items has paypal's money refund service, with bitcoin payments this service isn't possible, you can't get any information about payer, so it causes many problems and also bitcoin's price is changing and maybe it will hurt ebay's earnings. Also there are number of factors why they don't accept bitcoin and also there are many people who prefer paypal and for them and for ebay it's not problem. Ebay don't needs much headache. Also bitcoin is used in dark marketplaces and ebay isn't like that and if they accept it, I think it will hurt their reputation.

Some reasons behind lack of eBay bitcoin adoption:

1. PayPal is owned by eBay - and both these companies are not here necessarily to make world a better place but to gain profits.
Introducing bitcoin payments on eBay would cut their profits rather substantially (sellers are paying fee: 2.9% + $0.30 per transaction).

2. There are more than 192 million PayPal's accounts active worldwide. Meanwhile bitcoin is used by less than 10 million people.

3. You need chargeback option on eBay. Bitcoin is not giving you that.

the only reason is the number 3 because it is the crucial part of buying something online from a random person and also the fact that not enough people are using bitcoin.

the amount of fees you are paying with bitcoin (which is a lot less than any other method of payment) is enough to encourage anyone to start using bitcoin but sadly some people fail to see this.

I think the only reason Ebay will never accept bitcoin on the first place is that you can't do a chargeback when you do a purchase and something happens with the stuff you bought. Also Ebay and Paypal are the same companies, Paypal see the bitcoin crytocurrency as a treat and I don't think it will accept it as a payment form.

That my opinion, the future will tell ;)

nah ebay actually must create some sort of escrow inside their commercial website rather than just counting on transaction's chargeback,it will more beneficial for both buyers and sellers and also decreasing the amount of someone getting scammed by fraudster,charge back is not really effective by the way

That is certainly true, as I think ebay is included into a third party. because they only provide facilities for using it, they are not involved in taking and sending money or goods bought. Although ebay does not use escrow system, but their confidence is a good thing and something everybody already knows it so nobody need doubt

      If you are a buyer charge back policy is a good reason to prefer paypal instead of bitcoin payment. If sellers has the possibility to give buyers a significant amount of discount this would be a good reason to prefer bitcoins. Furthermore, as we know many times where the goods are coming from the other point of the planet there are problems regarding the delivery time and the product status.
     
      On the other side if you are the seller and with these money you must pay your supplier (raw material or what ever) you are not sure if he will accept bitcoin as payment. Even worse if there is a 'hostile' environment regarding the bitcoins sellers prefer bad buyers instead of troubleshooting in their daily transactions.

I think that's less of a reason for Ebay not to accept Bitcoin.
I personally think it could just be that Bitcoin doesn't have enough 'marketshare' and possibly the fact that they have really close ties with Paypal.

that is true IF ebay was thinking about his customers and what they want. but in reality ebay is thinking about how much more money they can earn. and since apparently paypal is owned by ebay, accepting bitcoin (adding escrow or allowing bitcoin on their platform) means they are shooting themselves in the leg, and no business will allow that to happen.

Well the big question is till when ebay will be able to ignore bitcoin as payment processor, they can use a third companie to exchange bitcoin into fiat, as namecheap does now, bitcoin is getting more and more costumers, and at 2020 im expecting bitcoin became an asset like gold, where people will invest their savings.

I think they want simple payment system instead of many other ways of payment .
Secondly it may be possible that they may give option of bitcoin payment but i think they are looking to design such types of program to make clear way to make bitcoin payment .

nah, i think it is mostly because there is not enough interest in using bitcoin on ebay for trades.

because no matter how many options there are, as long as there are people on their site who are requesting bitcoin payment option they will add it because they wouldn't want to lose users.

Its because ebay makes the rules and they dont allow bitcoin its pretty simple.  ::)

The reason for Ebay to not accept Bitcoins could be because of the sellers themselves and their business model. Majority of them would object about receiving Bitcoins and it's only good for the Bitcoin economy when Ebay doesn't automatically and instantly convert the Bitcoins to fiat. Usually a lot of second hand goods are sold on Ebay and there may be refunds for damaged products or misleading products which would make it difficult for Ebay to handle when a payment is made with Bitcoins. According to me, if they wanted to implement Bitcoin they could create a Bitcoin wallet system and tie a single Bitcoin address to a user, but that would take a while or tie up with a Bitcoin payment processor that transacts Bitcoin payments instantly on offchain. Also, like many have mentioned in here they already have a massive Payment system as their child product called Paypal, and they readily have that running top notch. Paypal also is a bit controversial about Bitcoins and they seem to be very competitive to other payment providers and systems.

ebay does not accept bitcoin because their deals are not pre set and it will depend on the sellers to take the risk of price variation while at usd everyone will get the same price and at same critaria for everyone

Sellers take the risk? I do know bitcoin changes daily but wich risk you talking about, bitcoin looks stable at the moment, and has all to keep growing over the next years soo making business with bitcoin now, might turn the same history as pizza in the past, sure not in the same proportions but a huge advantage. People if had choise to pay 1 dollars as fee instead 10 dollars i really doubt people wouldnt change their options to bitcoin even with the volatility issue.

I suppose that eBay is US company and Paypal belongs to eBay which makes them more profit ! :)

it has to do with the buyers taking the risk not the seller, in fact it is known that paypal protect the buyer and bitcoin not, and this is the reason why ebay like paypal and not bitcoin, but i think they should come up with escrow like with purse.io and then it will be possibile to use bitcoin on their platform

Its true that eBay does indeed loves to protect its buyers, but there's no harm in giving Bitcoin a trial. Ya the idea like purse.io escrow is what's needed to give it a boost. I do hope they do it soon.

Ebay could implement bitcoin, but they would have to create their own escrow service for transactions. It could be a viable alternative if they charged 1% on bitcoin transactions, instead of 3% through Paypal.

ebay owns paypal.... as long as this keep like this, i think bitcoin will never be accepted.

Bitcoin will never be used by ebay, they make too much money from paypal. Also, like other posters have mentioned, chargebacks will be more difficult.

because paypal one group in company from ebay
so ebay promote to payment procesor paypal, so only use paypal can support payment in ebay

100% true and will be as long as bitcoin can and is a competitor the no ebay wont. Paypal is not owned know by ebay but I'm sure it still prefers paypal as it main payment gateway.   

It doesn't matter if 100% of sellers are from China.  If those sellers don't use bitcoin, it doesn't matter.  I cannot imagine the adoption rate of bitcoin is anywhere near even 10% in China.  And Ebay is a US company that apparently doesn't (yet) like bitcoin.  Has a little something to do with them owning PayPal, which, even though they're now separate companies, are still very much intertwined.

Maybe someday we'll see bitcoin being used on Ebay.  I have offered it as a payment method a few times while selling things, but everyone seems to like PayPal just fine.

Paypal will remain the preferred payment method because it gives them more control,
and the ability to collect fees twice.
(Once from item being listed and again when its paid for.)

That summarizes it, Paypal was made for ebay, so anyone wanting to do business on ebay needed  to own a Paypal account, that was how the millions of clients came about. Now that bitcoin  is here and breaking borders, it present a threat to Paypal, so it is not something they are willing to consider in a rush though they are mindful of the potential bitcoin holds for ebay.

Not having the ability for chargebacks with bitcoin, is not a major issue, because a well structured escrow is well able to take care of that.

The issue for Ebay becomes whether or not they deem it valuable to design a decent escrow system and if they will make or lose money off of having it in place. There comes a point where having the ability to charge back is a far easier solution than designing a perfect system to get around the flaws. While I agree with you, form them it might just not be feasible.

The Chinese are communists what do you expect ?


Bitcoin doesnt need chatge back options wtf ?? Only a scammer would say such a thing !

They use PayPal because it makes them much more money off the thieving palpays massive fees. Easy to figure out.
Like with everything its all about money and profots and how to keep those profits.

I think it's not bad because it's faster and more convenient.

Yes, its never been used for paypal but as bitcoin getting more popular for several years we could not stop the possibility that they may adopt the way that bitcoin may applied to their form of payment. In business of online ebay earns money from customers online and how can this ebay business owner refuse if many of their customers using btc suggests them this type if payment transactions. If i were the owner of the business i won't hesitate to plan an implementation regarding this transaction using btc because you can do possible things on business when it comes to profit.

I think that's about the problem. There are not many people who really want to pay with bitcoins on ebay.
And nearly everybody who would like to pay with bitcoins usually can pay with paypal as well. From ebey side including bitcoin payment is just not economic.
When you ad the problem with refunding, I really think that we will never see bitcoin as a payment optin on ebay.

I thought that ebay had stopped people from buying bitcoin ages ago, i got stung myself on there selling and accepting paypal as payment.  people using phished accounts, not good  :'(

EBay as a global shopping service provider has been in collaboration with various payment processors to get attention of most people around the globe. But till now it has not officially started accepting bitcoin payment for shopping purposes. Only very few traders of eBay has started accepting bitcoin which might grow little by little.

Buyer protection this is what they offer to their clients,this is the reason why they do not accept crypto currency and of course we all know that paypal and ebay used to be sister company and paypal has something against crypto currency.

Ebay wont accept bitcoin because they would nor be able to enforce there refund policies with an  irreversible currency.

I guess they consider other buyers that not all are bitcoin
users. Though, we know china controls bitcoin but not all
people adapts it to use. In ebay, i think they dont have
bitcoin payment as they consider for general buyers.

I think it has to do with chargeback, chargebacks are there to protect the buyer and the buyers love it, bitcoin in the other hand switches the power to the seller so I think if the sellers want to incentive the ebay users to buy from them they will need to offer discounts with bitcoin, and I don't think they are prepared to do that.

Or maybe eBay does not even know that we all could use Bitcoin as a payment. It would be wonderful to use it. Rather every time exchange and pay. Bitcoin is safer and easier, though paypal also has its benefits, I am waiting for eBay to adopt to Bitcoin soon

They can not accept bitcoin because ebay owns paypal. And we all know what paypal thinks about bitcoin
 ::)
So this marriage in heaven will never ever happen. Paypal wants to keep ebay too them selves and will never want to give up that way of making their customer's pay for these items from them.

Ebay and paypal have split into two different companies. Sooner or later eBay shall accept Bitcoin cause it will be the most dominant force in the Industry. The only question is when. I feel when literally every one is on it, eBay shall have no problem accepting it.

The problem of Ebay isnt not accepting bitcoin but their high fees, if they accept bitcoin and keep with their high fees it wont change anything, besides the fact to bitcoin start to become more famous. This is something they must take care, since bitcoins are connected to low fees, ebay should reduce their fees if they would work with bitcoin, otherwise we would see the complaints raising a lot.

Ya eBay and lowering their fees it will take a valiant effort to do that, not really sure they will be willing to do it. Unless every one decides to unite and tell them to do it. That's again not Easy for everyone to be United and do it. It can only happen if everyone speaks in one voice, though the clamor for Bitcoin is rising, it's not risen that enough to force them. Let's see what happens in near future.

EBay makes money on those fees, and it's part of the reason why they are able to maintain their website and services in the same way that they do right now. As much as everyone would love to have those fees lower, the company still has to be a money-maker for the shareholders, and if they can't do that, everyone loses out on the service.

It sucks how that works, but that's just how it is. It can't be fixed easily.