Why has no-one done a crypto Ebay?

[cheezcarls]

I assume there are some “not well-known” e-commerce or “eBay” type stores who are adopting cryptocurrency payments already. It’s just that I don’t have the time to search all of them, but I know that there are some of them operating online (but not discovered by a lot of people).

To be honest, I have plans to operate an e-commerce store of my own since I also do part-time direct selling health-related products and accept cryptocurrency payments.

[KR$N]

was looking at openbazzar today..  seems good but the lack of wallet creation and backup had me doubt its functionalities

You can quite easily backup your store/wallet with OpenBazaar, you can export your wallet seed as well.
All in all OB seems good enough, but it really needs some support from the crypto community to gain notable traction. If all the HODLers used OB instead of ebay/amazon for their purchases, I'd bet it would have gotten big enough already. I did that and never regretted btw. 

[Galahad]

Why do you presume that crypto marketplaces will have zero or less fees than traditional markets? I am sure crypto related ecommerce websites will have more fees when coupled with transaction fees which will also eat into your profit margin.

Decentralized model is not always sustainable when it comes to an online marketplace that sells physical goods. Also the trust factor matters a lot! Don't stay under the impression that everything decentralized is good!

Because with a decentralized system it does not have to be profit oriented. You can just set the thing running and charge only what is needed to make it work. Ebay have a lot of staff and other overheads. Not that a decentralized system would always be great. If you need support you could be out of luck depending on how it's operated.

Darkweb is the biggest marketplace of internet and you could buy anything you want by paying cryptos. Also use market place section of bitcointalk as temporary solution in case if you need it.

Like I said I don't want to use the darkweb / tor.

TBH I might just try Ebid again, there's no necessity to use cryptocurrencies for this.

[7788bitcoin]

I assume there are some “not well-known” e-commerce or “eBay” type stores who are adopting cryptocurrency payments already. It’s just that I don’t have the time to search all of them, but I know that there are some of them operating online (but not discovered by a lot of people).

I have purchased items in NewEgg in the past and then when i wanted items from Amazon i usually used to go to Purse.io and in the past it was great experience and i am not sure about the situation now.

To be honest, I have plans to operate an e-commerce store of my own since I also do part-time direct selling health-related products and accept cryptocurrency payments.

Good luck with your business plan. There are many options like BitPay to take care of your store to start accepting cryptocurrency.

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

I find it difficult to understand your query, what fees you are talking about in Ebay. I have not used them in a very long time but does they have a high charges than usual market charges, is that what you are talking about .

[shield132]

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Why do you think that you could have near zero fees? Do you really think that marketplace won't set fees despite the fact that it uses cryptocurrencies? Marketplace is looking for profit, check how much profit does ebay makes and then you'll understand Ebay loves billions, green billions.

Crypto version of Ebay will be very hard to create and will require enormous amount of money. You have to attract buyers/sellers, increase demand/traffic, hire developers, customer supports, project managers and etc. Crypto doesn't have that much demand and one similar step from Ebay means your business is most likely gone. So, believe me, there won't be serious crypto analogue of Ebay, at least right now. In future, I don't know.

[stompix]

99.9999% of crime is done using fiat.

99.9999% of everything is done using fiat, so of course it will be true for crime too.

Yeah, people tend to forget that while we have billions of transactions each day with fiat money, we have only 400k a day via bitcoin, there are 600millions tx in the entire chain, only VISA does 180 billion a year!!!! There are 700 billion transactions made with fiat every year digitally, and those are only 30% of the total, the rest is being done in cash. People always talk about how cash is used for drugs or for other shady deals, bitcoin couldn't handle even just drug purchases in the US right now without the LN, it couldn't even be used just by McDonald's Uk, not the worldwide company.

I think the criminal use of Bitcoin is something that we should just acknowledge and accept, there's no way to have both privacy and control over your money without having criminals attracted to it.

Nope, bitcoin is pure, virgin, and untainted, even claiming that it could be used for something malicious will results in you getting crucified by the cultist.
All the bad things that happen with bitcoin are actually made by undercover reptilians in order to discredit us!!!

As for the crypto Ebay, just think from a client perspective, you buy from a decentralized platform with no company behind it and pay with a non-reversible method.
A buyer's paradise!!!

[hatshepsut93]

As for the crypto Ebay, just think from a client perspective, you buy from a decentralized platform with no company behind it and pay with a non-reversible method.
A buyer's paradise!!!

This is why the argument that buyers will flock to crypto because merchants will offer them a few percents of discount just isn't that convincing to me. Consumers are ready to pay more to avoid negative experiences, and if crypto markets will have reputation for hosting scammers, there won't any huge adoption, and only hardcore crypto fans will be using them regularly.

[ichi]

As far as anyone is concerned, there are a few online locales that offer digital currency as their installment framework. A major issue is that it isn't affirmed by any administration which is the reason many are reluctant to do it. There are some web-based media-based locales where you can have the option to purchase everyday necessities yet you need to pay an expense. I think about a portion of the crypto eBay locales however I don't confide in them.

[fiulpro]

I do believe that OP wants to say ::::::
There are actually sites which are offering the same services but none of them are on :
Such a big scale
Well known
Frequently being used by people
Competition for ebay.
..

Now this can just be a failure of initiative or maybe the owners have not yet found a way to advertise it rightly.

I do believe that , all these sites can collaborate together and then have a better chance at being known.

,,,,,,

That aside I do believe for now we have to encash them if we do want to buy something since this way there are more local options and at the same time you can very easily skip the excess fee.

[pealr12]

I'm sick of the fees on Ebay it's become totally unprofitable for some items due to the massive fees. I use Facebook marketplace but that's more for local sales.

With crypto Ebay you could have near zero fees and have a decentralized marketplace model. I know there are things on TOR etc, but I just wouldn't trust it tbh..

Hey why you don't take a look at this https://cryptoemporium.eu/, I really found it interesting and surprisingly they have lots of items to buy, top items ranging from real estate, automobile, household utensils, electronic devices and much more, and all are being paid with crypto only, this is very nice site and I think all crypto lovers should be aware of it.

[EddyRobins]

The problem with developing a crypto Ebay is that Ebay is so powerful now.
It would take a massive switch to get people to use an alternative to ebay.
Only when crypto is for normal everyday use is it worth anyone even trying.

[ropyu1978]

why no one wants to do ebay crypto, the reason is because there are frequent failures to verify the mismatch of identity and other personnel data on the ebay account, and also the high percentage of failure of seller cases submitted by buyers to the resulution center, and unreasonable selling activities or violations serious about ebay regulations ..