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Author Topic: Customers to decide if eBay should adopt Bitcoin, will they?  (Read 5446 times)
LiteCoinGuy
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September 07, 2013, 01:01:29 PM
 #21

Where do you see that eBay wants/plans/thinks or just imagines to implement bitcoins?

eBay has a business model based on fees (with paypal).
If they implement bitcoins, they will take 5% fees on each transactions, and it won't be cheaper to pay with bitcoins or usd, so what would be the point?

yes, maybe its not cheaper but it would be a huge push for bitcoin.

Carlton Banks
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September 07, 2013, 05:55:38 PM
 #22

Where do you see that eBay wants/plans/thinks or just imagines to implement bitcoins?

eBay has a business model based on fees (with paypal).
If they implement bitcoins, they will take 5% fees on each transactions, and it won't be cheaper to pay with bitcoins or usd, so what would be the point?

More choice for Bitcoin customers buying from on-line marketplaces. It would also add perceived legitimacy to Bitmit, in an indirect way, and so would help stimulate the competition in the sector.

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steelhouse
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September 08, 2013, 07:33:14 AM
 #23

Probably crash bitcoin, it can't handle the transactions per second.  Blockchain would grow to unusable size.  We will all be using quarkcoins.
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September 08, 2013, 07:42:22 AM
 #24

PayPal could easily forego the $.35 fee and simply charge only the 2.9% fee right after they purchase BitPay for $(x)M.
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September 08, 2013, 07:49:16 AM
 #25

Well pro bitcoin get through the myths of it being a ponzi scheme etc and we are that much closer to mainstream acceptance.

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doof
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September 08, 2013, 10:46:10 AM
 #26

ebay own paypal.

i tried to sell some btc on ebay, but they pulled my auction because they dont allow dont delivery.
crazynoggin
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September 08, 2013, 10:53:06 AM
 #27

If this is legit, then this is great news for Bitcoin

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Moogle
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September 08, 2013, 10:44:41 PM
 #28

doubt it. how would they refund people their money if they don't control it Wink
plus they cant freeze your bitcoin wallet.
thats their 2 favourite past times ruined already!

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September 08, 2013, 11:30:57 PM
 #29

someone said this is not official ebay video and I believe them.
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September 09, 2013, 03:48:25 AM
 #30

If Ebay ever adopts or even officially allows bitcoin as a payment method, it would most likely only be as BTC-denominated payments through Paypal (owned by Ebay and not surprisingly also considering bitcoin).

There's no way they'll *ever* allow an irreversible form of payment like direct buyer-seller bitcoin transactions. Paying in BTC through Paypal would add the layer of "buyer protection" (and 2-3% fees). Anything else would undermine their revenue model.

                         
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phillipsjk
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September 09, 2013, 06:53:17 AM
 #31

Ebay does have an officially recommended escrow service (mainly for big-ticket items). For small purchases, the fee is 3.25% or $25; whichever is greater.

I sent a paper letter to escrow.com two years ago explaining Bitcoin and mentioning how m-n transactions can simplify the escrow process.

It is possible that somebody looked into it further without getting back to me.

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September 09, 2013, 07:39:25 AM
 #32

For these big companies its the timing on when they will get in, you never know how quick things could change on them if they are to slow to act, a online company like ebay could make the switch fairly quickly while say a very large department store chain could take longer.

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September 09, 2013, 03:44:20 PM
 #33

doubt it. they make too much money on paypal...
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September 09, 2013, 04:17:50 PM
 #34

Whatever the outcome of the ideas given here, I suppose that right now, anyone selling something on Ebay can just add at the end of his product's description that he'll gladly accept BTC as payment.

I used to be a citizen and a taxpayer. Those days are long gone.
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