Selling on eBay- What's the deal these days?

[Est2013]

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[yimfinity]

you have little to no protections as an ebay seller. i would not recommend it. if the buyer charges it back you will likely be out at least the sale price and they could try shenanigans like peeling the and returning the redeemed coin. neither paypal/ebay/credit card support would prob know enough to step in and resolve it correctly. yes, you can get a higher price on ebay vs. here but that is due to the significantly higher risk profile imo. not worth the possibility you can lose 99.9% and only get back a redeemed coin.

[rxalts]

After what I just experienced this week with eBay and PayPal, I can honestly say I am done using both services permanently now. Long story short, I sold two digital codes that I had, sent buyer message with code, buyer responds back several minutes later that their account was "hacked". eBay rules in my favor so then buyer files claim with PayPal and PayPal states intangible goods are not covered (oh but they are covered per the April 13, 2020 update) and on top of this, PayPal now charges a $20 chargeback fee to seller, is this not hilariously outrageous? Sellers now incur a $20 fee even if a buyer was "hacked" bc they chargeback, I mean lmao, now we are charged a fee for something that is 100% out of our hands? Class action lawsuit all but guaranteed on the ethics of this chargeback fee practice.

Here is what has been made evident:
- eBay offers ZERO seller protection when PayPal is used as payment as I lost items without compensation as eBay has no actual jurisdiction on PayPal funds
- I could see this same scenario playing out with loaded collectibles as even though the actual coin was delivered, if the buyer claims the "digital money" was not on there, I could see the clown at PayPal reviewing the case claiming intangible goods not covered to the same extent as this.
- Your only chance of survival is honest buyers  

I have filed several claims against PayPal in regards to failure to honor Seller Protection Policy and the chargeback fee that is uncontrollable. Funny thing is, I actually saw I lost the dispute and didn't know about the update to intangible goods policy and was like eh oh well but then I saw the $20 fee I had to pay for being scammed and that's when I went on my witch hunt for evidence. Will update if anything comes of this, but sellers beware.

[wheelz1200]

After what I just experienced this week with eBay and PayPal, I can honestly say I am done using both services permanently now. Long story short, I sold two digital codes that I had, sent buyer message with code, buyer responds back several minutes later that their account was "hacked". eBay rules in my favor so then buyer files claim with PayPal and PayPal states intangible goods are not covered (oh but they are covered per the April 13, 2020 update) and on top of this, PayPal now charges a $20 chargeback fee to seller, is this not hilariously outrageous? Sellers now incur a $20 fee even if a buyer was "hacked" bc they chargeback, I mean lmao, now we are charged a fee for something that is 100% out of our hands? Class action lawsuit all but guaranteed on the ethics of this chargeback fee practice.

Here is what has been made evident:
- eBay offers ZERO seller protection when PayPal is used as payment as I lost items without compensation as eBay has no actual jurisdiction on PayPal funds
- I could see this same scenario playing out with loaded collectibles as even though the actual coin was delivered, if the buyer claims the "digital money" was not on there, I could see the clown at PayPal reviewing the case claiming intangible goods not covered to the same extent as this.
- Your only chance of survival is honest buyers  

I have filed several claims against PayPal in regards to failure to honor Seller Protection Policy and the chargeback fee that is uncontrollable. Funny thing is, I actually saw I lost the dispute and didn't know about the update to intangible goods policy and was like eh oh well but then I saw the $20 fee I had to pay for being scammed and that's when I went on my witch hunt for evidence. Will update if anything comes of this, but sellers beware.

I canned paypal long ago due to their stance on crypto.  Never looked back and its been a beautiful ride since.  (Had a little chuckle at paypals flipped stance now that they realize they are the MySpace of virtual payments).  Their policies are silly, there are better solutions out there

[rxalts]

The problem is that when you’re on the other end it they are your best friend which is why they stay around.

[wheelz1200]

The problem is that when you’re on the other end it they are your best friend which is why they stay around.

I ended my conversation about their accusations saying I will agree with their terms as long as we can document it on the bitcoin blockchain.  I have yet to hear back from that email, so I have yet to reactivate my account.  Stalemate.  They can go scratch.  They are already being replaced by non crypto payment platforms, so they need not worry about crypto but their own space.  They are losing and will be hanging with blockbuster soon

[ChiBitCTy]

"Talking about eBay’s stance on emerging technology such as blockchain and cryptocurrencies, Iannone pointed toward the growing popularity of nonfungible tokens trading on its platform without making any official announcement regarding the same.

Iannone said that the company changed its policies last year to make the e-commerce platform a place to buy and sell anything, be it a physical or digital commodity. eBay didn’t respond to Cointelegraph’s request for comments at publishing time"

https://cointelegraph.com/news/ebay-to-add-crypto-payment-options-soon-says-ceo

[OgNasty]

eBay adding crypto is a pretty big deal considering the amount of chargebacks the site allows to go through unpenalized. Maybe they’ve stepped up their game more lately with regards to scammers, but it was a serious problem in the past. I did notice they send money right away now to your bank, so maybe they’ve taken steps to make the site more trustworthy, but I imagine receiving BTC as a seller would go a long way towards restoring legitimacy to a market that is widely avoided in the crypto space.

[Cryptogreatdane]

Ebays 4th quarter earnings were way down. I bet as time goes on they will be getting more in tune with the changing financial dynamic. Better get on the crypto train or you get left behind.

[Steeley]

Here's the catch 22. The #1 way people learn about the hobby is the Encyclopedia of physical bitcoins. That book created an industry. But, the #1 way people actually start collecting (obtaining a few items for themselves) is Ebay. I hate Ebay, but I still sell peeled or unloaded items on Ebay because I think it helps promote the hobby. Don't get me wrong, I profit some too, but the hassle and the way EBay disfavors the seller makes it risky. Still worth it though. I have been able to move many things I don't want to keep for my collection at good prices while benefiting the broader hobby.

Steeley

By the way, I just do not have the stomach for selling loaded items with more value than a Satori even if it is allowed by their rules. Too many variables that could result in loss.

[ChiBitCTy]

Here's the catch 22. The #1 way people learn about the hobby is the Encyclopedia of physical bitcoins. That book created an industry. But, the #1 way people actually start collecting (obtaining a few items for themselves) is Ebay. I hate Ebay, but I still sell peeled or unloaded items on Ebay because I think it helps promote the hobby. Don't get me wrong, I profit some too, but the hassle and the way EBay disfavors the seller makes it risky. Still worth it though. I have been able to move many things I don't want to keep for my collection at good prices while benefiting the broader hobby.

Steeley

By the way, I just do not have the stomach for selling loaded items with more value than a Satori even if it is allowed by their rules. Too many variables that could result in loss.

I wouldn't go as far to say those things about the Encyclopedia personally, and I certainly don't think it created an industry..but it of course helped some.  Yeah ebay is still too risky to sell stuff on for me, but it's been essential to this hobby and growing it.  It's also a better price indicator than this site is, as there's of course a lot more buyers on there. Adding crypto as a payment source will certainly help protect against chargebacks (which of course won't be possible), but ebay will still side with the buyers and I don't see this as changing anything for the better in that regard, other than chargebacks.  Unless I'm just not thinking of something/missing something.   

[dkbit98]

Few days ago I saw the news how Ebay is preparing to add Bitcoin and other cryptocurrency payments on their platform.
This is probably going to be something similar like Paypal did, with custodial wallet and outrages fees, but it's still good news for bitcoin.
I just hope they are not going to release some new Ebay shitcoin, but anything is possible

[Cryptogreatdane]

Here's the catch 22. The #1 way people learn about the hobby is the Encyclopedia of physical bitcoins. That book created an industry. But, the #1 way people actually start collecting (obtaining a few items for themselves) is Ebay. I hate Ebay, but I still sell peeled or unloaded items on Ebay because I think it helps promote the hobby. Don't get me wrong, I profit some too, but the hassle and the way EBay disfavors the seller makes it risky. Still worth it though. I have been able to move many things I don't want to keep for my collection at good prices while benefiting the broader hobby.

Steeley

By the way, I just do not have the stomach for selling loaded items with more value than a Satori even if it is allowed by their rules. Too many variables that could result in loss.

I wouldn't go as far to say those things about the Encyclopedia personally, and I certainly don't think it created an industry..but it of course helped some.  Yeah ebay is still too risky to sell stuff on for me, but it's been essential to this hobby and growing it.  It's also a better price indicator than this site is, as there's of course a lot more buyers on there. Adding crypto as a payment source will certainly help protect against chargebacks (which of course won't be possible), but ebay will still side with the buyers and I don't see this as changing anything for the better in that regard, other than chargebacks.  Unless I'm just not thinking of something/missing something.   

I got my start buying on ebay back when coins were plentiful. I think thats where most collectors start. After awhile i found the forum but it felt confusing and i didnt want to spend btc at the time. Eventually i got to the point where if you want the new and best old stuff at decent prices you have to jump into the forum. Now that im here i really enjoy it. I agree that the encyclopedia was important in the history of this industry. It gives direction to your collection. Before i would collect what was on ebay. Until something new popped up and id say "whats this" and start doing research. I believe the best is yet to come for this hobby. People are now just starting to learn about it. Were all 20 years from million dollar collections.

[frankbitcoin]

I want to point out, also, that paypal is no longer associated with ebay.  It hasn't been for awhile, however, Ebay now requires users to input their banking details and the payments are received by ebay themselves and then ebay releases payouts every 3 days.

[aoluain]

Interesting news, I like ebay a d have been trading ^{buying and selling} on and off
there since 2007 ^{with 100% positive feedback} I have only had 1
negative experience but no chargebacks against me.

It will be interesting to know the fees involved in handling Bitcoin on their platform
and whether the fees will be prohibitive to doing business there.

For one of big global market places and once the #1 to start accepting crypto
is big news and something ^{including amazon}which has been discussed on the
forum a few times over the past 5 years that I have been here

[OgNasty]

Few days ago I saw the news how Ebay is preparing to add Bitcoin and other cryptocurrency payments on their platform.
This is probably going to be something similar like Paypal did, with custodial wallet and outrages fees, but it's still good news for bitcoin.
I just hope they are not going to release some new Ebay shitcoin, but anything is possible

I don't think that eBay is going to release a shitcoin.  Every legitimate company that has tried to release their own shitcoin has felt a lot of backlash from the government.  With eBay running a successful business, that would seem like too much risk to take on for them.

I do agree they'll probably have some custodial wallet system where you don't actually control the coins.  That would likely lead to things like chargebacks using Bitcoin and eliminate the entire advantage that Bitcoin would bring to sellers on their platform.  Basically, it would be a way to get more customers by having them deposit their Bitcoin, and maybe eBay would even have a partner where they would earn interest on your Bitcoin, but wouldn't actually provide users any security advantages.  I hope I'm wrong and they build a more OpenSea type of system, but I seriously doubt it.

If you have a lot of Bitcoin and you want to spend it directly on eBay, this might be a good thing.  For people who want exposure to Bitcoin without actually knowing what they're doing, this might be another way to achieve it.  I do think people should be aware that a custodial wallet doesn't provide the security you would expect from chargebacks.

I am curious to hear how eBay has handled disputes lately.  It sounds like their new payment system is meant to address fraudulent chargebacks, but I haven't had any experience with it.

[Rmcdermott927]

I want to point out, also, that paypal is no longer associated with ebay.  It hasn't been for awhile, however, Ebay now requires users to input their banking details and the payments are received by ebay themselves and then ebay releases payouts every 3 days.

My problem with eBay is that they almost ALWAYS side with the buyer on disputes, regardless of how untrustworthy or unreasonable the buyer is.  I no longer sell on eBay because I was burnt too many times.  I will occasionally buy on there when I am looking for a niche product. 

[ChiBitCTy]

I want to point out, also, that paypal is no longer associated with ebay.  It hasn't been for awhile, however, Ebay now requires users to input their banking details and the payments are received by ebay themselves and then ebay releases payouts every 3 days.

My problem with eBay is that they almost ALWAYS side with the buyer on disputes, regardless of how untrustworthy or unreasonable the buyer is.  I no longer sell on eBay because I was burnt too many times.  I will occasionally buy on there when I am looking for a niche product. 

Yeah that’s my problem and I think a lot of other peoples main issue as well. The fact that they don’t even allow for sellers to leave feedback anymore is just absolutely crazy. I’ve been on eBay since 2003 and never had leaving feedback as a seller ever been an issue that I’ve seen and I’ve got hundreds of feedback. But yeah I also use it for those really hard to find items.