adam9317 (OP)
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January 12, 2014, 06:14:40 PM |
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Hi there, if this is in the wrong forum mods please move it!
I understand there is the high risks with selling Bitcoin on EBay and people reversing the paypal transaction, but I can see that if you sell in small increments (0.01 or 0.001) you should be able to make a nice profit as long as there isn't too many scammers.
What would your thoughts be about selling on ebay?
The ideas that I had came up with to minimise scammers
1. Sell in small increments
2. Set minimum feedback or you get refunded
What do you think of this?
If you have any more tips about this please let me know!
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Twitchdoge
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January 12, 2014, 06:16:26 PM |
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not good ebay is currently removing all dogecoins posts and paypal wants nothing to do with dogecoins , id suggest against doing it
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adam9317 (OP)
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January 12, 2014, 07:55:18 PM |
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not good ebay is currently removing all dogecoins posts and paypal wants nothing to do with dogecoins , id suggest against doing it
thanks, any other tips? Why doge and not Bitcoin I wonder? |
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hilariousandco
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Join the world-leading crypto sportsbook NOW!
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January 12, 2014, 09:33:07 PM |
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Hi there, if this is in the wrong forum mods please move it!
I understand there is the high risks with selling Bitcoin on EBay and people reversing the paypal transaction, but I can see that if you sell in small increments (0.01 or 0.001) you should be able to make a nice profit as long as there isn't too many scammers.
What would your thoughts be about selling on ebay?
The ideas that I had came up with to minimise scammers
1. Sell in small increments
2. Set minimum feedback or you get refunded
What do you think of this?
If you have any more tips about this please let me know!
Doesn't matter about feedback really. Scammers will still scam you with accounts that have the minimum feedback required. You can try sell on ebay but you'll have to take into consideration the occasional scam/PP chargeback. Up to you on what you do. |
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TheButterZone
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RIP Mommy
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January 13, 2014, 01:03:42 AM |
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Deselect PayPal from the payment options, and replace it by checking another electronic method. Or sell in Adult Goods, where they don't even have an option for PayPal, because PayPal prohibits Adult Goods.
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Saying that you don't trust someone because of their behavior is completely valid.
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twentyseventy
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January 13, 2014, 02:46:07 AM |
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Don't do it. Not ever. You will get chargedback and lose all of your BTC. Remember that BTC is irreversible and Paypal is not.
Also, they're permabanning eBay/Paypal accounts involved with BTC now.
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gamybtc
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January 13, 2014, 04:18:10 AM |
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You can sell physical coins, however ebay allows selling of coins, but you cant sell digital goods, no protection. Just loss.
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BTC : 1fDTCkVcJ7SaVnoFjA5U1xfHQVfv1BWCb
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best-miner.com
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best-miner.com
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January 13, 2014, 07:52:08 AM |
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I don't suggest to do it too, you may have to prove you've transfer your bitcoin to the buyer, as ebay may don't accept your opinion.
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best-miner.com, bitcoin news & bitcoin miners
2T bitcoin miners for 2099$, 34M litecoin miners for 999$,
1T bitcoin miners for 1299$, World wide free shipping with DHL in 1 day.
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Hueristic
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Doomed to see the future and unable to prevent it
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January 13, 2014, 03:30:49 PM |
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I sold 1000 for a dollar to try it. Cost 33% fee LOL and then gotta worry about chargeback? Nope don't do it.  http://www.ebay.com/itm/201011003993?ssPageName=STRK:MESOX:IT&_trksid=p3984.m1559.l2649When I went to relist Flea-Bay wanted a CC incase of chargeback. Yeah right they already own Paypal! |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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KWH
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Merit: 1045
In Collateral I Trust.
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January 13, 2014, 03:34:12 PM |
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This subject has been beat to death already. Please use the Search feature.
To answer your question, again: Use PP/Ebay if you want to lose your funds and get your account banned in the process. I would rather gamble my coins away. Read PP TOS.
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When the subject of buying BTC with Paypal comes up, I often remember this:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
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cryptasm
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Gamdom.com
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January 16, 2014, 02:19:57 PM |
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Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:
"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".
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adam9317 (OP)
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January 16, 2014, 06:50:46 PM |
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Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:
"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".
In a way that's good so they are doing something so people can sell Bitcoin. |
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RodeoX
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The revolution will be monetized!
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January 16, 2014, 06:53:54 PM |
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Got one of my daily MC999 Listing policy violation alerts today from Fleabay when I saw this:
"Please know that per our recent policy update, Virtual currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date".
Wow, that's new. I wonder if they are going to add a bitcoin payment option as well? |
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jcoin200
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January 16, 2014, 07:02:09 PM |
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See my earlier thread, I had the same exact idea to sell small amounts of BTC to maximize profit: https://bitcointalk.org/index.php?topic=349056.0Currently its not a good idea. I went through the dispute process and they are unaware/dont care about the blockchain information. Until they revamp their company policy it is not a good place to buy/sell BTC. |
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techstorm2
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January 17, 2014, 12:12:00 PM |
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I just got a warning email with my listings being removed, I wouldnt bother! Not worth the risk.  |
Dime 7Q3cZtyJemmE8pJsrYgX24mHnkqZX6M6hP
BTC 18vbvovBeM5ZTZqR5ZWAy75EXE7qTNipuo
Mooncoin 2QgyivUMa7Zun6oPdxeE1yry1aNp5hqrDb
LTC Lg3UYGCAe3Tb146PiMqeGNLR7bnjdM447d
Doge DPd1XejW8TabJu5gfjyKnuQYQ9Vzw1anXN
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BitCoinPokerBro
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January 17, 2014, 03:00:01 PM |
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A lot of ebay sellers list btc/altcoins like this
Buy a pen get x amount of btc/altcoin free
That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.
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adam9317 (OP)
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January 17, 2014, 03:30:08 PM |
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A lot of ebay sellers list btc/altcoins like this
Buy a pen get x amount of btc/altcoin free
That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.
Smart idea |
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KWH
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Merit: 1045
In Collateral I Trust.
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January 17, 2014, 09:59:30 PM |
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A lot of ebay sellers list btc/altcoins like this
Buy a pen get x amount of btc/altcoin free
That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.
Until the fraud, hacked or dog ate my PC accusations come in. |
When the subject of buying BTC with Paypal comes up, I often remember this:
Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein
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rext
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January 17, 2014, 11:10:23 PM |
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A lot of ebay sellers list btc/altcoins like this
Buy a pen get x amount of btc/altcoin free
That way when they send the pen in the mail with tracking paypal can not reverse the payment. Or at least that is the assumption.
Smart idea that's pure genius hahaha, paypal will be at a dilemma |
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