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Author Topic: What role do you believe eBay & PayPal have on Bitcoin?  (Read 594 times)
ruggedman_dan
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May 14, 2013, 06:44:40 PM
 #1

As I flip through the pages of the currency exchange forum I see requests to buy and sell using PayPal left and right. Quite frankly, the whole thing confuses me. At one point it seemed like we were slowly moving away from being so PayPal dependent. But lately there seems to be a spike in the usage of PayPal for bitcoin-related transactions. Or at least a spike in requests to use PayPal.

Then there is eBay, which is probably a lesser factor, but still relevant because the two businesses are joined at the hip. Of course on eBay there are sellers attempting to make quick profits selling BTC (and other coins) at a considerable markup. Mining equipment is also popular. I have no issue with either of these. In fact, I sold coins via eBay back when I didn't know better.

My question to the community is: What affect do you think these two enitities have on our beloved Bitcoin? Do you feel they have a positive impact due to the visibility of eBay auctions and the ease of using PayPal? Or do you feel they have a negative impact due to the fact neither of the services want anything to do with our community and the ever-present threat of chargebacks and reversals?

Comment on any and every way they affect Bitcoin (popularity, price etc.). If you are a PayPal/eBay hater, feel free to hate. If you love them and think they are the greatest thing since sliced bread, come in here and say that. I simply want the pulse of the community.
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lexico
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May 14, 2013, 09:21:53 PM
 #2

paypall will fight against BTC,
because BTC ruins their businessmodel.
But theres not much they can do except ban it from ebay and refuse transactions.

ppl requesting paypall services are just stupid and dont understand what BTC is about.

(ps, paypall steels 2% of every transaction)
ruggedman_dan
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May 14, 2013, 10:12:08 PM
 #3

^ Thanks for responding.

Anyone else want to weigh in?
Wilderness
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May 15, 2013, 01:21:08 AM
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I'm also interested in this. It seems to me that most other things besides fiat will have paypal as their major option. As a trader it's obviously desirable to minimise paypal putting their hand in your pocket so we need to learn the best practices.
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