EBay and Bitcoin

[Juggy777]

For a long time I have been reading that it's China who controls the Bitcoins market. 60-80% of sellers on eBay are from China. So my question is why don't they accept payments in Bitcoin and why they insist on the paypal only? Shouldn't they be changing according to times? Or they can't change due to regulations?

[pooya87]

i suppose it is because when they do it on eBay they have to stick with their rules. and besides there aren't really many people in the world who are using bitcoin, and it is no different in China or any other country.

and why do you think all Chinese are using bitcoin anyways?

[BayAreaCoins]

You can already buy Ebay Gift cards for 50% discount and use up to $1,000 of giftcards per purchase.

https://localbitcoins.com/instant-bitcoins/?action=sell&country_code=US&amount=&currency=USD&online_provider=GIFT_CARD_CODE_EBAY&find-offers=Search?ch=3msg

You're welcome.  Just be careful on who you purchase from.  If they have thousands of feedback with 100% rating  boom.

[ardentvolcanoes]

For a long time I have been reading that it's China who controls the Bitcoins market. 60-80% of sellers on eBay are from China. So my question is why don't they accept payments in Bitcoin and why they insist on the paypal only? Shouldn't they be changing according to times? Or they can't change due to regulations?

well i also think has the most largest controls in bitcoin market and in bitcoin mining but still we are not so sure about that and also not all people around the knows already what is bitcoin or even how to use it and how it works maybe ebay thinks that it is much better to stick with the payment method they already have .

[Wind_FURY]

OP, I believe most people would not be comfortable with how Bitcoin has no charge back ability. The way I see it, Paypal's charge back feature is to protect the consumers but it is a disadvantage on the seller. With Bitcoin on the other hand it plays well on the side of the merchants but the buyer will be at a disadvantage. It is not really a huge problem and it is nothing a buyer - seller escrow system cannot fix.

[Hung_Daddy]

i suppose it is because when they do it on eBay they have to stick with their rules. and besides there aren't really many people in the world who are using bitcoin, and it is no different in China or any other country.

and why do you think all Chinese are using bitcoin anyways?

yeah agreed. I don't really think EVERYONE in china is using btc or some one crypto

[OROBTC]

...

eBay owns PayPal, no?

If they already own a digital payment provider, maybe they would not welcome competition.

I would really much prefer to pay for eBay items with BTC, much quicker.  Quieter too.

[Herbert2020]

You can already buy Ebay Gift cards for 50% discount and use up to $1,000 of giftcards per purchase.

--localbitcoins link--

You're welcome.  Just be careful on who you purchase from.  If they have thousands of feedback with 100% rating  boom.

this has nothing to do with eBay and bitcoin and what OP is asking which is sellers on eBay accepting bitcoin instead of paypal!


i believe it is mostly because of two things:
- they do not know about bitcoin, or if they do they can't use it because buyers don't know about it.
- they want the charge back feature of PayPal

[Juggy777]

...

eBay owns PayPal, no?

If they already own a digital payment provider, maybe they would not welcome competition.

I would really much prefer to pay for eBay items with BTC, much quicker.  Quieter too.

The thing is eBay and paypal have split up. Bitcoin is the latest trend and it's popularity has surged. As many threads suggest here that China controls a he'll lot of btc. It's strange that thier sellers have not shifted to btc. I hope they do shift to btc soon. It will make buying really easy for me and other btc users

[Denker]

For a long time I have been reading that it's China who controls the Bitcoins market. 60-80% of sellers on eBay are from China. So my question is why don't they accept payments in Bitcoin and why they insist on the paypal only? Shouldn't they be changing according to times? Or they can't change due to regulations?

The reason is that ebey is a centralized platform.And only that company decides what payment methods the buyers and sellers are allowed to use.
And right now it looks like that ebay doesn't want to use Bitcoin.
On decentralized platforms things will look different.Vendors can use whatever payment system they want.

[BitcoinHodler]

...

eBay owns PayPal, no?

If they already own a digital payment provider, maybe they would not welcome competition.

I would really much prefer to pay for eBay items with BTC, much quicker.  Quieter too.

The thing is eBay and paypal have split up. Bitcoin is the latest trend and it's popularity has surged. As many threads suggest here that China controls a he'll lot of btc. It's strange that thier sellers have not shifted to btc. I hope they do shift to btc soon. It will make buying really easy for me and other btc users

maybe they feel like there is not enough customers for them who are willing to buy with bitcoin and it would be understandable since bitcoin has no charge back and if you pay there is no way back even if the seller was a scammer but with paypal the buyers can have options.

[shinratensei_]

OP, I believe most people would not be comfortable with how Bitcoin has no charge back ability. The way I see it, Paypal's charge back feature is to protect the consumers but it is a disadvantage on the seller. With Bitcoin on the other hand it plays well on the side of the merchants but the buyer will be at a disadvantage. It is not really a huge problem and it is nothing a buyer - seller escrow system cannot fix.

The chargeback feature = A chance for scam the seller.
I was believing if this more on regulation or I could have assumed if the important one is caused by the demand of bitcoin users.

[romero121]

EBay and bitcoin are have difference in usage. With eBay international purchase is possible through PayPal, for which users have refund options which is not available with our bitcoin. Amazon had made a purchase access with bitcoin due to a service in collaboration with purse.io, falling years we might get the same access with eBay.

[bittraffic]

The answer could e as simple as because they know bitcoin is much valuable than dollar. If they start sending btc to somewhere else, its like giving away money to them. The Chinese knows how to handle money that is why most of them are businessmen.  

[DimensionZ]

Ebay and Amazon won't accept payments in Bitcoin because Bitcoin is irreversible and there will be no buyer protection whatsoever. Do you want all the Chinese sellers to start scamming people with fake goods? Steam can allow themselves to use Bitcoin because they sell digital goods which are very easy to disable on people's accounts after asking for a refund. Physical goods and Bitcoins is a no-no.

[~Bitcoin~]

I really doubt that 60% of ebay sellers come from china but it is true that china is one of the largest exporter specially for electronic goods. But the real reason behind ebay/amazon not accepting bitcoin payment is that bitcoin transaction can't be reversed in case of charge back or faulty products. However they can have solution like holding bitcoin till buyer get satisfied, as well as to shop with bitcoin there are several bitcoin debit cards which are accepted in all stores and can be connected to paypal and shop on ebay/amazon.

[Xester]

You can already buy Ebay Gift cards for 50% discount and use up to $1,000 of giftcards per purchase.

--localbitcoins link--

You're welcome.  Just be careful on who you purchase from.  If they have thousands of feedback with 100% rating  boom.

this has nothing to do with eBay and bitcoin and what OP is asking which is sellers on eBay accepting bitcoin instead of paypal!


i believe it is mostly because of two things:
- they do not know about bitcoin, or if they do they can't use it because buyers don't know about it.
- they want the charge back feature of PayPal

maybe the reality was Ebay was not familiar with using bitcoins, or if they are, they think that most people are using Paypal since paypal was very popular and most people prefer to use paypal when buying goods on many merchants site on internet. but upon research now, paypal and ebay was now accepting bitcoins through braintree. Braintree works in partnership with Coinbase in allowing online sellers to merchants to accept bitcoin payments seamlessly.

[bitbunnny]

It's true that majority of sellers are form China but using Bitcoin payment or not is probably not up to them but to ebay policy.
Besides the main payment method on ebay is PayPal and they don't accept and don't do business with Bitcoin. And that is also the question of buyers protection. How to make up to someone in Bitcoins since the transactions are irreversible?
But I think there are solutions but maybe no the will at the moment.

[davis196]

For a long time I have been reading that it's China who controls the Bitcoins market. 60-80% of sellers on eBay are from China. So my question is why don't they accept payments in Bitcoin and why they insist on the paypal only? Shouldn't they be changing according to times? Or they can't change due to regulations?

Most of the eBay sellers just buy goods form China and sell them on eBay.

I`m not sure that 60% of them are chinese.

They "insist to paypal only" because eBay owns Paypal. 

[7788bitcoin]

I take is that not all Chinese sellers on the internet are techno savvy. Those who are techno savvy would have tried but most buyers are still paying via other methods so they have no choice but to continue to use the "centralized" payment methods.