E-bay ,paypal

[overunity]

I have today spoken to e-bay about protection for bitcoin sellers .

The representative outlined their concerns with digital items including ,games ,antivirus software .
They can offer protection for physical goods because they know how to track postage and that the buyers actually received the goods bought .
But any virtual,digital goods are impossible to track so they blanket do not protect these transactions .
You can put up adverts and sell but if you have a dispute or your advert reported it is likely to end in your adverts being taken down and a warning of some sort issued .

I explained that unlike other digital items the protocol behind bitcoin is an official record of every transaction of every bitcoin transfered from one address to another and that they could turn paypal and ebay into an acceptable place to sell bitcoin simply by understanding and accepting blockchain.info as an official record of bitcoin transactions .

I explained that if they implemented a policy that officially recognised blockchain info as a receipt and proof of transaction they could protect buyer and seller .
paypal protects buyer .
Blockchain protect seller .

I also explained that the other option was to sell on localbitcoins.com but they need you to have a margin of one bitcoin to trade there which currently stands at around $900 /600pounds which is to much for small players .E-bay which has currently no minimum would therefore be preferable with a minor tweek in policy .

I would like the help of the community to turn paypal and ebay into bitcoin friendly environments .

The more people that phone ebay /paypal asking for blockchain info to be recognised as an official form of ledger to prove the seller transfered the coin to the address supplied by the buyer ,the more likely they are to implement this policy .
All we need is people to pick up the phone and request blockchain info be official proof of transaction .
I do not think their is a big conspiracy against bitcoin they currently do not know how to track transactions ,please let them know .

Thank you peeps .

[jchrist]

they don like bit coin

[emeraldforce]

would it be possible to draft a sample letter detailing all of the pertinent blockchain.info points which the community members could copy from this thread?Lazy noobs with ebay/paypal accounts like me could then customize the sample draft and send it to Ebay/Paypal customer support associated with a support ticket and follow up with a phone call.

[hilariousandco]

Ebay is seriously missing out on not implementing this for Cryptos. I'd just leave them be as no amount of emails will ever get the message through to the head honchos about implementing this.

[overunity]

I have just spoken to paypal .
The representative was not aware of blockchain info .
I explained the way it works by recording all legit transactions and the confirmation process .

I suggested people verify a wallet address with them to allow them to offer protection to buyers or seller of bitcoin and purchasing of goods through a verified bitcoin wallet all confirmed by blockchain.info .

Paypal are open to policy changes/ additions and this information will be put forward .

If there is enough interest they will look to work with Blockchain info .

So it is now up to us to communicate with them .

A simple e-mail or phone call  and every one will add to blockchain being adopted as an officially recognised ledger for them to prove transactions happened.

We in bitcoin know its an official global ledger of transactions ,e-bay or paypal do not ,please support this and maybe soon ebay/paypal could be friendly to us .

[jonanon]

I think it's great what your doing, I'm not too concerned about the eBay side of things but would love to be able to easily buy BTC with PayPal.

I could see BTC increasing quite rapidly if PayPal changed their policies in this regard.

[hilariousandco]

I think it's great what your doing, I'm not too concerned about the eBay side of things but would love to be able to easily buy BTC with PayPal.

I could see BTC increasing quite rapidly if PayPal changed their policies in this regard.

I'm sure if ebay did change it polices, PP would follow suit. Buying Bitcoin on ebay would still be pointless otherwise.

[FenixRD]

they don like bit coin

Two members of their executive staff including the CEO are on record with supportive statements regarding Bitcoin. PayPal was created to decrease market friction with internet transactions within the system. It would be hypocritical and silly of them to acknowledge Bitcoin.

[overunity]

would it be possible to draft a sample letter detailing all of the pertinent blockchain.info points which the community members could copy from this thread?Lazy noobs with ebay/paypal accounts like me could then customize the sample draft and send it to Ebay/Paypal customer support associated with a support ticket and follow up with a phone call.

The simpler the letter the more they will understand .

Just include in the letter that paypal is being used to scam people out of bitcoins .
Blockchain,info has an official ledger of all transactions .
Therefore to close this scam down and protect bitcoin sellers could they look into officially recognising Blockchain info as legitimate proof that bitcoin seller actually transfered his bitcoin to the buyers supplied bitcoin address  to eliminate scam chargebacks .

If you talk to paypal ask if they would consider adding the option to verify a bitcoin wallet with them to purchase items ,and that they could use blockchain in the event of a dispute .The buyer and seller would need verified wallets .

[overunity]

I just want to say that even though you may get a response of "we do not allow the sale of digital " from any communications ,each effort will add weight to the overall community bitcoin adoption .

Much like every pound /$ saved in bitcoin takes 15 away from the banks power .

[DeboraMeeks]

I doubt they will care. To them bitcoins is a competitor in offering money transmitting services for a fee incomparable to there's. Don't expect them to facilitate it's exchange.

[hilariousandco]

I doubt they will care. To them bitcoins is a competitor in offering money transmitting services for a fee incomparable to there's. Don't expect them to facilitate it's exchange.

They can still take their fees. Better at least to attempt to adapt than to die slowly.

[robcop]

Bitcoin is paypals worst nightmare. There's no way paypal will ever support bitcoin trading. F*&^ Paypal.

[giszmo]

Two factual errors in OP:

• Localbitcoins has no minimum of 1BTC. You can buy and sell smaller amounts, too. I currently have my offers running although I "only" have 950mɃ there. I sold as little as 20mɃ, so I doubt there is such a limit on the localbitcoins' side.
• The blockchain is the authority in bitcoin and it is on every computer that runs a full client such as bitcoin-qt. blockchain.info is a for profit company that has no authority over transactions, although they make it easy for hobby projects to gather information about bitcoin and its blockchain.

[overunity]

Two factual errors in OP:

• Localbitcoins has no minimum of 1BTC. You can buy and sell smaller amounts, too. I currently have my offers running although I "only" have 950mɃ there. I sold as little as 20mɃ, so I doubt there is such a limit on the localbitcoins' side.
• The blockchain is the authority in bitcoin and it is on every computer that runs a full client such as bitcoin-qt. blockchain.info is a for profit company that has no authority over transactions, although they make it easy for hobby projects to gather information about bitcoin and its blockchain.

I will check point one but from what I was lead to beleive you can sell as small amount as you like but must hold one bitcoin on the exchange at all times .Will provide evidence directly from localbitoin directly either way .

Cannot see what you are correcting in my initial statement . I stated blockchain info can be used by paypal/ebay as an easy to access public record of any transaction  .What are the factual errors please ?
Is Blockchain not the best way for these companies to officially verify transactions ?

[giszmo]

Cannot see what you are correcting in my initial statement . I stated blockchain info can be used by paypal/ebay as an easy to access public record of any transaction  .What are the factual errors please ?
Is Blockchain not the best way for these companies to officially verify transactions ?

You also said:

accepting blockchain.info as an official record of bitcoin transactions

implying you confuse blockchain.info with the blockchain bitcoin uses as its database of all transactions. The former is a company you mentioned while the latter is the official record of bitcoin transactions.

[Serge]

ebay could host digital goods themselves and then tracking of who downloaded what is taken care of by itself. with bitcoin they could accept coins and when payment goes thru release the coin to purchaser to a supplied address

[overunity]

Cannot see what you are correcting in my initial statement . I stated blockchain info can be used by paypal/ebay as an easy to access public record of any transaction  .What are the factual errors please ?
Is Blockchain not the best way for these companies to officially verify transactions ?

You also said:

accepting blockchain.info as an official record of bitcoin transactions

implying you confuse blockchain.info with the blockchain bitcoin uses as its database of all transactions. The former is a company you mentioned while the latter is the official record of bitcoin transactions.

I see what you mean ,I was more implying that at the moment none of these companies are aware of a ledger .
Since blockchain info is a public blockchain and have a easily searchable database I was thinking they would be the place to go for ebay and paypal to use as their official go to record to prove a bitcoin transaction happened to close down the current paypal scam being used on legit bitcoin sellers .

We all have the ability to download the blockchain but the problem with such as ebay or paypal is they need to work with a company which is a hurdle for our decentralised individual versions of the blockchain in bitcoin-qt. So when I say official I mean a none bitcoin companies official .

If there are any reason anyone knows of, that this would not be appropriate for them for any reason please speak.

[overunity]

ebay could host digital goods themselves and then tracking of who downloaded what is taken care of by itself. with bitcoin they could accept coins and when payment goes thru release the coin to purchaser to a supplied address

In my conversation they do not know what a bitcoin address is let alone how to generate one ,explaining that you can download a wallet anywere but have 100's of addresses seemed to be complicating the conversation so to keep it simple I kept to a wallet and one address .

Their quote is that they do not support digital /virtual goods being sold since they have no way of tracking them,therefore cannot offer buyer/seller protection .

I feel baby steps are required ,if we could focus on them just using blockchain info as their officially accepted  proof to at least prove a seller actually sent the coins to the address supplied by the purchaser this would be one big step for bitcoin.While giving bitcoin sellers some security .

[davidjr]

There is definitely not a limit of 1BTC on localbitcoin. I bought 0.58 BTC on there just the other day. It was even "escrowed" by buyer.

The way I understand escrow, is that localbitcoins holds the seller's BTC until he confirms that the transaction has been successful.

It seems like a safe place to do business if you ask me. I noticed that some sellers even accepted paypal payments.

Its probably just a matter of time until we can pay for goods on Ebay with bitpay or something like that.