Bitcoin Forum

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!

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?

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.

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.

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.

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

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.

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!

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.

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.

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

See my earlier thread, I had the same exact idea to sell small amounts of BTC to maximize profit:
https://bitcointalk.org/index.php?topic=349056.0

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.

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

 :(

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

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

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

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

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

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

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

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.