Why Bitcoins are so expensive on Ebay?

[funtotry]

The average user won't probably know where to check and what exchanges are there and how it all works. It was wrong to call them scammers, but they are taking advantage of the limited knowledge of newbies.

I totally agree but if you're about to lay out a substantial amount of your money on something as complex as BTC then you should be doing your homework.

If you can't even summon the will to type 'bitcoin price' into another part of the internet then there wasn't any hope for you in the first place.

Well I know some friends that know I use bitcoin but they don't use it or follow it. Some of them are pretty dumb and probably would buy this AND THEN ask me what to do with the bitcoin and how to use it and all that. Especially a small amount.

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[TRLBitTrade]

This topic can go on and on, but there really is something uniquely different about Ebay and Paypal. Ebay actually does have a digital goods policy and allows for digital goods to be sold as long as it follows their criteria of where you're placing the ad. There is no mention of not being able to sell Bitcoin, and if you read carefully, Ebay's policy on Digital Goods actually seems very good for Bitcoin sellers. With this being said, both of these companies will have a Bitcoin platform through Braintree within the year.

Now we get to Paypal, they do not have a Digital Goods policy, so now you are dealing with two companies using one system. The chargeback is going to go through Paypal, and when you provide Paypal with information you're gonna say... "Hey! I followed Ebay's terms and conditions, the trade was done through ebay, and my ad was posted according to how Ebay wanted it. The seller agreed to ebays terms and conditions, as well as my policies before playing the order". Paypal is simply going to say, "we do not have a policy for seller protection on digital goods". Only thing you can do from there is basically call Ebay as they are honestly going to be the ones to fight for you in this circumstance. All I know, is that by reading both Paypal and Ebay's terms and conditions, I am suprised people sell more directly through paypal than they do on ebay.

[The Sceptical Chymist]

Who could possibly need bitcoins so badly that they'd pay more than market rate, other than drug addicts and pedophiles?  I mean, who could possibly need anonymity that badly?  Speculators, too, maybe, but stupid ones if so.  Then again, just reading some of the comments on this board, idiots abound around here.

[TRLBitTrade]

To answer your question on why people need bitcoin so badly, is the same reason people will pay %20 - %40 at times on LBC and other websites. There are many gamblers who lose and in frustration need to obtain Bitcoin as soon as possible to fill their problem. People also may need to pay a loan off and can't wait a week for Bitcoin to arrive from their exchange. Other people may not like the invasive information many exchanges require, which results in those users paying high markups to obtain their Bitcoin.

In regards to the main topic, a seller of Bitcoin on ebay will lose 12.5% of their total sale due to fees. Right off the bat, a seller is going to automatically markup bitcoin 12.5%, and then on top of that, add anywhere from 30-40%. If someone does 10 trades, and 3 people attempt chargebacks, that extra 30-40% per trade would still allow the seller to atleast break even or make a little bit of profit at the end of it.