Bitcoin Forum

Ebay CEO finally surrender to Bitcoin.
His company Ebay is far behind many other big fortune 500 companies that's currently accepting Bitcoin.
One of the biggest company Dish Network beat them to the race. Ebay is now left behind to eat dirt.

They are now looking at many different angles on how to let their customers pay using Bitcoin on Ebay.

related article:
eBay CEO Says Digital Currency Integration Coming 'Very Soon'
http://www.ibtimes.com/paypal-getting-bitcoin-ebay-ceo-says-digital-currency-integration-coming-very-soon-1594904

Bitcoin key to future of online payments: EBay CEO
http://www.cnbc.com/id/101734293


http://cryptocurrencyinc.com/images/CryptoCurrency.png

Now we need to get Amazon. Resistance is futile.

whoa, nice.. by this time next year, a lot of big companies will have adopted bitcoin. if wallstreet jumps in on it too, i'm thinking $10k isn't that crazy of a prediction.

He's been teasing integration for some time now. Good to see they're almost ready to unveil their plans though.

I am curious as to how they implement it. If they make you use paypal for bit coin you could see the same kind of frozen asset junk from them.

I'm curious as to what this will mean for Blockchain.info. Could they step up their offerings to be the next "PayPal"?

what's that even mean though? paypal provides a service that bitcoin circumvents the necessity for.

nice information
soon we will see bullish price after ebay proclaim it ;D

It was inevitable anyway. Just a matter of time. Paypal will not be beaten by bitcoin. They will adopt it too, and earn money from it.

I still wonder what "very soon" is.

We are seeing a bullish price right now. This is just icing on the cake.

yeah, but i hope more bullish than now
ebay officially accept bitcoin is huge news and people will buy BTC like crazy ;D

Call me a cynic but for some reason I just don't really believe him. I'll believe it when I see it, but I hope nothing more than they're actually working to implement it right now as getting ebay/paypal involved will be huge. I'm really intetested to see how they actually handle it though and what cut they take in fees etc.

Yeah, I've analysed it before and I cannot see the business model that will support them. I suppose this could be the theoretical infrastructure that will make it easier for laypeople to use Bitcoins (at the cost of additional fees) but considering that most of us who are using at the moment aren't bound by knowledge I don't understand how they'll generate any revenue. Not to mention, they already have a poor reputation among those who trade - too much room for scamming.

No business model to support them? Paypal is an exchange. If there is a business model supporting bitcoin exchanges then there is a business model for Paypal (and Ebay) to offer this too.

And I do believe bitcoin exchanges are profitable. Also, Paypal is a familiar to many people and will be trusted more. Especially since the gox incident got so much exposure I can see (non bitcoin enthusiasts) picking Paypal over some other established bitcoin exchanges. This seems like a (maybe the final) opportunity for Paypal to come in and steal the market.

It is a sensible move from a business perspective for sure. More and more fiat is turning into bit coin and they want a piece of it. 

The question of implementation is something I wonder about should be fairly easy if they work with another organization
Anyways hope his teasing will result in something coming out soon

Not really. PayPal connects with your bank account. It's not like people are going to stop using USD completely any time soon.

Ebay should just allow their customers to pay using Bitcoin separately from Paypal.
This way, Paypal is not controlling Ebay's payment system. Unless Ebay is own by Paypal 100% then that's a whole different story.

Then they would be on the hook for their buyer protection thing and have no way to collect their fees. 

Do you really think eBay Money Back Guarantee applies when they don't control the funds to the seller?  I'll give you a hint...IOW, even if the money doesn't go through a PayPal account, proof that you paid the buyer in messages on eBay's site won't be enough, the bitcoin will have to go to eBay first, and no doubt they'll take their cut, not to mention hold on to the funds for any seller that hasn't "earned their trust."

ETA: More importantly, it wouldn't surprise me if the refund was required to be in the form of the auction currency and/or the buyer was required to take a loss due to conversion rates in many cases (bitcoin price goes up? sorry, you get less back. it went down? lucky you, you get what you sent back.).

This is exactly what will happen. They'll cover their bases and it's logical to do so. If anyone doesn't like their process, service, or commission rates just don't use them. Them accepting Bitcoin is good for the community whatever they do though.

This is encouraging! They have been dropping hints all year, and here we have a more definite confirmation. I bet there is a catch to it  :-\

The best implementation would be a wallet and exchange service weaved into their existing infrastructure, but this change will be too radical for ebay/paypal. They should be thinking about something far smaller. Could be just a wallet service for their merchant accounts?

i dont like ebay so good :)
bitcoin won

He stated to have bought some bitcoins but not for investment purposes, just to take confidence with cryprocurrency.
I bet he has more btc than most of us...

Don't get it wrong. John Donahoe has supported Bitcoin for some time. But the other Ebay board members are not that supportive, and some of them are downright hostile to Bitcoin. Let's wait and watch which side wins the battle.  ;D

PayPal is close to border where there will be no return. Train is still passing by them and they still have time to jump in. If they do it on time, they will stay at throne for quiet some time. If they miss that oportunity, they will slowly but surely start to fall.

This is great news but I'd like to see some concrete evidence that they're moving towards adoption. Like Bryant said there's board members to please.

It's about time. I remember watching Donahoe previously and he seemed opposed to Bitcoin. Then he seemed to reluctantly consider it. Now he seems to be a supporter. In 3 more weeks, he will be the biggest Bitcoin fanboy and Bitcoin logos will be all over eBay and PayPal.

Yes it's strange. I wonder what made him change his mind? Maybe he realized it's a credible threat to his business.

Ebay and DISH are not even remotely related. How can DISH compete with Ebay on anything?

Also, the CEO of Ebay was already bullish on bitcoin for a while, it just seems like he is confirming it even more and he will likely try to convince the other board members to integrate it soon.

It will be interesting to see how they proceed.  A positive statement for the industry.  Many consumers will still be skittish on why they should use bitcoin instead of traditional payment paths.  I still get the crazy looks and head turns when I mention bitcoin to people  (and that is just from family and friends ;-).  Still a ways to go.

I think it'll be a very long time before it happens if at all. They're probably just looking at how they can implement it and if its worth it to them.

Remember 2010 when paypal froze money from wikileaks.
remember 2011 when freedom fighter were arrested because of paypal (ebay)

wikileaks still havn't their acount incl. money back


Don't support what is destroying you! http://www.wired.com/2010/12/paypal-wikileaks/

Yes but most people including the general public unfortunately don't care about paypal and wikileaks.

They don't even have to hook up Bitcoin to their eBay auction site. It could just be another coinbase type business for them, offering Bitcoin wallet service.

Basically they want to kill coinbase, because coinbase is a serious threat to paypal if it grows big.

Precisely. No way they allow us to host our own payments. They will be escrow and arbitrator so disputes will generally come down on the side of the buyer.

I am tired of hearing what they may do, I want to hear when and how. This is the third time in these couple of months I heard similar statements from eBay. Things seems to be moving forward, but nothing definite.

it might takes till ebay will allow bitcoin. however i think alibaba will accept them before.

I think that it is a bit problematic for ebay to allow payments in bitcoin because it will reduce the usege in paypal and paypal will not let it happen

sad :-(
did you care about?

Most people simply aren't informed about such issues. With both sides in the US condemning these things and the media happily lapping it up and regurgitating it to the average person it is a wonder they actually have the support of even a few people.

I haven't been on eBay in over a decade so things might have changed but how would letting the sellers accept bitcoin be any different from letting them accept MC/Visa as far as PayPal is concerned?

i guess they could make you use bitcoin via paypal, and eat the same fees.. why not right? you'd still be using paypal to make your payments, just like you would if you were using your debit/credit cards.

Good. Hopefully, it's not a shitty system like PayPal and E-Bay currently has.

The earthquake already happened... we are just sitting and waiting for the tsunami.

That is a pretty bold statement for the CEO to say. He didn't say oh yeah bitcoin is interesting we have our eye on it maybe. He said Paypal will have to add digital currencies to our wallet.

i dont think he has finally surrended
important and clever people have seen the importance of bitcoin since the beggining.
the point is that it is an early technology and they have to think very good how to implement in their enterprises because it may have some repercusions

shitty for us = lucrative for them.. so i wouldn't hold my breath.

after some months of negative media attention and lack of education from many people,  it appears that largest companies in the tech and financial word are starting to have a positive outlook on bitcoin.

These are great news!!! And it doesnt annoy me if they use Paypal of whatever else... Its definately a step forward, so we should embrace it. They wil be improving im sure.

Lets hope ebay will accept bitcoin as a payment

They wont leave paypal behind since Bitcoin can be use on digital item and paypal for the deliver item .

I would not be surprised if paypal bought coinbase.

Gox are already gone isn't ?

Well... this is the latest tweet from Mark Karpeles:

plus ou moins, les choses se calment et on travaille sur le renouveau du service d'hébergement

Who knows? He is still dreaming about another revival.  ;D

Looks like Paypal still have a choke hold over Ebay.
We all know that Paypal is own by the 13 inbred European Bloodlines of the Terrorist organization Illuminati.
That's why you hear Paypal's puppet CEO John Donohoe said that Bitcoin will be integrated into Paypal but not stand alone as an additional form of payment on Ebay.

Someone is off their meds again.

Most likely you will be able to fund paypal with Bitcoins and they can rape you going in and when you come out in fees.

I've heard about this to but what paypal will probably do is make up their own prices so 1bitcoin will b worth like 1 dollar or something like that ripping people off

That is, if the owners of Coinbase really want to sell their company to Paypal. Even if that happens, I don't think that the majority of the Coinbase clients will be happy with the outcome. They will shift to some other processor such as Bitpay.

I'd be buying from paypal at that rate.

This article didn't talk about Ebay accepting Bitcoin. It's focus is on Paypal integrating Bitcoin.
Paypal puppet CEO John Donohoe: “PayPal Will Have to Integrate Digital Currencies”
http://www.cryptocoinsnews.com/news/ebay-ceo-talks-bitcoin-paypal-will-integrate/2014/06/05

Well... this is the latest tweet from Mark Karpeles:

plus ou moins, les choses se calment et on travaille sur le renouveau du service d'hébergement

[/quote]

Google translates this as:

"I'm still a useless, fat, greedy, corrupt French/Greek kunt."

I think that it is a great news and will raise the price of bitcoin

PayPal integration is the holy grail of mass adoption. While it's obviously not ideal from the point of view of someone committed to the ideology of pure removal of all counterparties, in practice the moment PayPal let you load your account with Bitcoin and use it to pay any seller hooked up to PayPal denominated in dollars but converted on the backend by PayPal, the network efforts that would pile on are absolutely bonkers.

EBay Payments Unit in Talks to Accept Bitcoin
http://online.wsj.com/articles/ebay-payment-unit-in-talks-to-accept-bitcoin-1408052917

Woah finally, this is I waiting for :P
It's a big move for bitcoin, it will more great if we get amazon too..  :P

Here's the link with full article:
http://www.slashgear.com/ebay-tipped-to-be-considering-bitcoin-adoption-15341301/

I'd wait before you get excited. Nothing has been announced yet. Seems to me just to be based on rumours and mumblings.

it will be a big news for us.also a chance for ebay itself.

This really does need to happen as it will be really big for bitcoin when it does. The only problem is companies only seem to be talking behind closed doors and we do not seem to be getting half as much information as we could do for something like this. Once someone like Ebay starts accepting it's almost guaranteed that places like Amazon may follow in suit.

Possibly; Dell and Expedia accepted it lately, the price didn't go up

People are getting way too impatient with adoption and the price, it will come soon enough guys!

It's going to be revolutionary for the bitcoin users. 8) 8)

PayPal is one of the reasons that Bitcoin was created in the first place. We need a trustless and low fee service, not a commercialized scam organization perverting our efforts. eBay just needs to realize they've lost and go away. P2P marketplaces like One Market and Open Bazaar are the new wave now. They had their chance and only wanted to hurt people with their power. Now they're trying to take some of the Bitcoin transactions under their system. I seriously hope PayPal doesn't tower over legitimate companies like Coinbase and BitPay even though they're trying to "partner" with Coinbase now. I hope their version of partnering doesn't inclue buying them out and shutting them up or I'll be closing my Coinbase account.

Good news I just hope they don't try and charge stupid fees and try to tarnish it with Paypal that would just ruin the greatness of accepting Bitcoin for them.

Amazon will HAVE to accept BTC eventually ... that's something I feel is inevitable! let's just hope its before 2140 or before Mr. Nakamoto decides to take BTC offline  8)

Wow, very good news  ;D
I think soon amazon will accept BTC too

i bet bitcoin price will went up after official news  ;D


Yeah, we going to fuckin moon  :)


Yeah, the competitor already accept it. Amazon will forced to accept bitcoin  ;D

waiting for the day when BTC will be accepted everywhere.

ok now I don't know why we are getting excited, did you all forget what eBay and PayPal has done to each of you? or you letting greed make it the forgiveness point of it?   Seriously I wouldn't touch eBay or PayPal if they allow me to use bitcoin on there, screw them for all the headaches they gave me, once a new eBay opens up im locking to them, that's that

How can Satoshi Nakamoto take Bitcoins offline? It is not even clear that he is alive right now. Bitcoin is like the Frankenstein's monster. It has grown so big, that even its creator can't control it anymore.  ;D

I do not think ebay would accept bitcoin. Niether Dell,Amazon or any other marketing liars that tell they accept bitcoin but trough the "Bitcoin Central Bank" caled BitPay. In fact when you say you accept bitcoin, that's mean you accept bitcoin in your personal wallet not dollars from BitPay. In my country is an restaurant that accept bitcoin. So you go, eat,drink,feel good and when you ask to pay in bitcoin the guy comes with an tablet with an wallet installed and you pay direct to the restaurant wallet...not bitpay or any other "wanna control all bitcoin over the world" company. So until Dell,Dish,Amazon or anyone provide us their own bitcoin adress to pay for goods, they do not accept bitcoin.They accept dollars from bitpay. This is the marketing tool of BitPay.
Guys wake up and keep Bitcoin descentralized.

More merchants accepting BTC actually put a downward pressure on price as every sales they make will need to be exchange for fiat on the exchange.

Well that is some good news, when some of the biggest industry names get onboard it will be a lot easier to spread to the rest and that will make Bitcoin future a lot more sure.

It is great news! Bitcoin can be a payment approach besides credit cards and paypal/

LOL. Okay first of all satochi is not able to bitcoin "offline" as that is simply not how it works. Secondly Amazon, nor any other merchant will not ever have to accept bitcoin. It will generally be beneficial for them to do so to remain competitive and to reduce costs but they will never be forced. 

This is my problem with companies that say they accept bitcoin through bitpay, and my issue with bitpay in general. Bitpay is going to have a million bitcoins at this rate. Companies only accept bitcoin but still change it into and only really use fiat. I'm sure bitpay has a fee too so the small businesses get screwed just like they used a credit card which charges a fee.

Unless Mr. Nakamoto is some sort of god, that is not going to be possible for him.

Since I don't believe in magic and I find all forms of superstition uncompelling, it seems rather unlikely.

EBay’s PayPal Unit to Start Accepting Bitcoin Payments
http://www.bloomberg.com/news/2014-09-08/ebay-s-paypal-unit-to-start-accepting-bitcoin-payments.html

IMO, bitcoin with ebay would be better through paypal because then the buyers are protected by Paypal. If ebay alone integrates btc, the buyers will have to rely too heavily on the seller's feedback. I think if ebay alone integrates btc, i think there may be a lot of scammers trying to take advantage since all you are on ebay is basically a screen name.

Yeaaah woohooo this great a news ;D
And amazon maybe the next :D

Yes I have the same expectations with you  :)
Although it is difficult. ._.

It was going to happen sooner or later to ebay, it was inevitable

For them to protect you, they would need personal information?

Will I have to reveal my bitcoin identity?

I believe that sellers have the opportunity to accept whatever payment methods they choose. If they can find a buyer who is willing to do this, they could sell their product for cash in the mail if they wanted to. I really don't see anything that would prevent people from paying with bitcoin now when they win an auction.

It is a great news specially for those who are involve with ebay. I have came to know that Amazon is also going to surrender to Bitcoin.

It must not be a bad news for bitcoiner.

Exactly not :)
Why your reason this news bad for bitcoiner ? :o

Mostly, the fact that putting "I accept bitcoin" in their auction would cause eBay to cancel it.  This leaves no good way for a buyer who is willing to pay with bitcoin to find a seller who is wiling to accept bitcoin.  Sending messages to each seller as a buyer would take a monumental amount of time when most of them probably aren't going to accept bitcoin, and hoping to get a message from a buyer offering to pay with bitcoin when most buyers aren't even aware of bitcoin wouldn't leave one with very good odds.  Beyond that, I'm not sure how far eBay goes to enforce their terms, but since it's against the rules to negotiate and sell items listed on eBay to people who found them on eBay outside of eBay, I wouldn't be 100% surprised if a message sent on eBay about bitcoin could lead to an account suspension.  However, people who want to buy and sell with bitcoin have other sites they can use, just without as much "protection," which the majority of users must think is free in spite of the fact that the sellers pay the fees and the buyers pay the higher prices.  The level of protection offered now (mostly to buyers) didn't always exist.  I've been scammed on eBay when paying through PayPal for physical goods that were never delivered.  The seller withdrew funds and eBay and PayPal didn't actually offer refunds via insurance, only reversals when possible.  Now, in order to get the protection everyone knows and loves, not only do the funds have to go through PayPal to ensure that PayPal and eBay get their cuts for the costs and/or risks they take providing protection, the fees have doubled and the funds also have to be escrowed for a long time for new sellers amongst other things.  The same fees and escrow periods will be true of auctions that accept bitcoin.  Allowing bitcoin to be sent directly to the seller would require the buyer to take all the risk, and most of the buyers on eBay don't want to do that.  More importantly, though, the majority of posters in this thread and the "Amazon needs to accept bitcoin" threads believe that these big powerhouses accepting and handling bitcoin will make other people who are not users more comfortable with the idea of bitcoin, spurring adoption, so even though you could theoretically win an auction from a seller who agrees to accept bitcoin after the fact (or even before you bid), that doesn't provide the benefit that everyone else here is looking for.

I cant fucking wait until the day I get to buy something with BTC with ebay directly.

Icahn was right: EBay, PayPal to become separate companies
http://www.sfgate.com/business/article/Icahn-was-right-EBay-PayPal-to-become-separate-5791009.php

Hmm now that is interesting
I look forward to seeing how this turns out

When we will be able to actually sell things and recieve BTC in ebay? ive been reading about this since forever.

oh man, I hope ebay implements it. It would make Amazon look like a joke! Imagine the media buzz?

Very positive news, like I've said before. These big business are all going to come around to Bitcoin, sooner or later.

I'm def shopping at ebay Ive been a ebay fan since they came out. This makes it that much more awesome-er

I'm curious as to whether the news of Paypal slowly implementing BTC has anything to do with the decision of Ebay and Paypal to split?

I have always thought it kind of sucked that they were one in the same company, yet you get double charged by them when you sell something on ebay...

Resistance is futile.. love it  ;D

This thing with eBay is hanging long enough... I think it's time to move on...either we accept them or we make a strong statement.

I agree that Bitcoin is the key to future of online payments. Today, millions of bitcoin was traded and thousands of company is accepting bitcoin..