Ebay UK annouces new policy for virtual currencies

[silvercardbank]

ebay removed all my listings for devcoin, the longest running cryptocurrency next to bitcoin if you've never heard of that one .

This is what they sent me :

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.

  i think thats good news for a lot of people who have had there ebay susspended for selling it !

[1715160698]

1715160698

[1715160698]

1715160698

[1715160698]

1715160698

[LiteCoinGuy]

Sounds cool but dont sell coins via paypal, you probably will be scammed

[FandangledGizmo]

That sounds like good news   

[EcuaMobi]

Sounds cool but dont sell coins via paypal, you probably will be scammed

That's the next change PayPal/eBay must make:
Accept block chain as proof of transfer to stop these kind of scams.

[LiteCoinGuy]

Sounds cool but dont sell coins via paypal, you probably will be scammed

That's the next change PayPal/eBay must make:
Accept block chain as proof of transfer to stop these kind of scams.

Yes thats true.

[silvercardbank]

Sounds cool but dont sell coins via paypal, you probably will be scammed

talking of scams can anyone explain this ? can the blockchain be manipulated as seems to have happened here.

Dear depo711,

thats really weird , i just done a search of the blockchain again and this time it comes up like this . your coins showed on the last search but not this time its been deleted.

i dont know how this can be but i am going to do some investigating to find out how this is at all possible. jason t

Address 1FJUMRwS7LoZsyxnujir3uzjs3EEwEY2Tp

Short Link: http://darkgamex.ch:2751/a/1FJUMRwS7L

Balance: 5 DVC
Transactions in: 3
Received: 15 DVC
Transactions out: 2
Sent: 10 DVC
Transactions
Transaction Block Approx. Time Amount Balance Currency
2ec657e274... 121241 2014-01-09 17:39:46 5 5 DVC
e2d15eb939... 121257 2014-01-09 19:53:28 (5) 0 DVC
2a0d4b2e24... 121886 2014-01-14 13:29:21 5 5 DVC
55563dc8c9... 121905 2014-01-14 18:26:04 (5) 0 DVC
c6c8b2b7ef... 121952 2014-01-15 02:31:06 5 5 DVC

- jasont4671
   


From: depo711
To: jasont4671
Subject: Re: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 16:55:24 GMT

Dear jasont4671,

Sorry, but I only have one account, and one wallet address..........and I have only had 3 deposits of Devcoins since I opened a DevCoin wallet.........and the short link you sent, when I tried it, it gives me an error message that says that the page will not open..... the address I sent is correct........... 1FJUMRwS7LoZsyxnujir3uzjs3EEwEY2Tp ...............It may be the blockchain holding it up..........I will check again later .........

- depo711
   


From: jasont4671
To: depo711
Subject: Re: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 15:10:30 GMT

Dear depo711,

hi just been on the internet to check the blockchain and see where it got to . you must be looking in the wrong wallet or account .
i see all your transactions for this address including the 500 i sent you . see here .

Address 1FJUMRwS7LoZsyxnujir3uzjs3EEwEY2Tp

Short Link: http://d.evco.in/abea/1FJUMRwS7L

Balance: 5 DVC
Transactions in: 5
Received: 520 DVC
Transactions out: 4
Sent: 515 DVC
Transactions
Transaction Block Approx. Time Amount Balance Currency
2ec657e274... 121241 2014-01-09 17:39:46 5 5 DVC
e2d15eb939... 121257 2014-01-09 19:53:28 (5) 0 DVC
2a0d4b2e24... 121886 2014-01-14 13:29:21 5 5 DVC
55563dc8c9... 121905 2014-01-14 18:26:04 (5) 0 DVC
c6c8b2b7ef... 121952 2014-01-15 02:31:06 5 5 DVC
557cbbe9bf... 122083 2014-01-16 01:04:05 5 10 DVC
33bf721b3a... 122093 2014-01-16 02:06:10 500 510 DVC
232a9153f6... 122134 2014-01-16 08:50:58 (5) 505 DVC
232a9153f6... 122134 2014-01-16 08:50:58 (500) 5 DVC

- jasont4671
   


From: depo711
To: jasont4671
Subject: Re: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 11:51:52 GMT

Dear jasont4671,

Good morning, I just checked my Devcoin account this morning, no new deposits and I do not have any pending deposits showing.........do you have a transaction #

Thanks.

- depo711
   


From: jasont4671
To: depo711
Subject: jasont4671 sent a message about 500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect #191036400314
Sent Date: 16-Jan-14 02:22:06 GMT

                   
500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect   
500 Devcoin Digital Cryptocurrency cheaper than Bitcoin Litecoin Peercoin ect
Item Id:   191036400314
End time:   13-Feb-14 15:12:42 GMT
Seller:
   
jasont4671 (130)
100.0% Positive Feedback
Member since 12-Jan-07 in Canada
Location: NS, Canada
Listing Status:   This message was sent while the listing was active.

[Meuh6879]

  Bitcoin win ... other altcoin loose 

[mikewoods]

eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014.

"Classified Ads format" -  sounds like a lot of verifications/limitations/additional_problems

[LiteCoinGuy]

Sounds cool but dont sell coins via paypal, you probably will be scammed

talking of scams can anyone explain this ? can the blockchain be manipulated as seems to have happened here.

blockchain itself is fine but:

they give a shit on the blockchain. you sell a virtual good, then you are not protected from paypal. simple as that  

[SirBitsalot]

I don't understand why, I see this being a bit hit for Ebay!

[Sutters Mill]

Another means of taking virtual currency to the masses. I'm enjoying seeing the different channels unfold that take alt-coins out there to people. Of course, the higher you climb the harder you fall, but it could be good for the alt-coin prices if the demand goes up. Transactions being irreversible might be a problem unless PayPal is still used for protection.

[LiteCoinGuy]

http://www.coindesk.com/ebay-uk-virtual-currency-february/

[virtualfaqs]

What eBay has to do is set up escrow accounts for every currency and process them automatically during the process of the auction. After buyer pays, they instantly get the coins. Their card is automatically charged. If there are any disputes, eBay and PayPal takes care of it not you. That has always been the simplest solution. I don't know why it can never be implemented. The number of problems it would solve and money saved from wasting time on stupid disputes would be ridiculous.

[bitpop]

Classifieds don't use the payment or feedback system. It's just like Craigslist.

[ljudotina]

Sounds cool but dont sell coins via paypal, you probably will be scammed

That's the next change PayPal/eBay must make:
Accept block chain as proof of transfer to stop these kind of scams.

Scam is not executed via: "i did not receive coins", it's executed via: "someone stole my card and i did not buy that stuff, pls refound me". And Paypal is well known as provider that is always on buyers side....talking from personal expirience.

[ljudotina]

eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014.

"Classified Ads format" -  sounds like a lot of verifications/limitations/additional_problems

No, it's same as anything else, but it takes 5$ or even more to set up single sell....so basicly, selling small ammounts of BTC is out of question that way.
EDIT: I just checked it. Insertation fee is 9.95$
So, basicly, only larger amounts, and with current scamming posibilities via Paypal (even once they accept blockchain as proof)....i dont know if i would do it.

[Lethn]

Please let Ebay be shut down for money laundering, please let Ebay be shut down for money laundering.....

[virtualfaqs]

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

[bitpop]

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

What was your verification process?

[Chris180Z]

If they execute this correctly, then this is fantastic news. This could be a very smart move on eBays behalf adopting/allowing crytopcurrencies (at a fee).

[virtualfaqs]

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

What was your verification process?

Send me an email from their PayPal email with a specific message. But since every single winner was using a hacked eBay and PayPal account, they could not. Most just sent a BTC address using the eBay message system or PayPal note after paying and ignored my instructions. I made sure each eBay account had decent feedback so if they won (and wasn't hacked,) most likely I wouldn't get scammed for $10 to $50. I had plenty of safeguards in place because I knew about the scammers. I didn't think I'd get many legit sales so it was more of an experiment since BTC were selling at a premium on eBay.

[silvercardbank]

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

Classifieds don't use the payment or feedback system. It's just like Craigslist.

your right ebay dont ouse the feedback system or the payment process, after paying the much higher fee to do the clasified add, i realizeds there was not buy it now or any payment button of any kind . nowhere for a buyer to make obvious contact either.

so irevised the add and put my email address in the discription so buyers could make paypal payment but unfortunately email address are not allowed in the add . so it looks like your screwed anyway lol .

the only way i got to get around that was to enter my email address without the  @ and . symbols but it is now going to be a very hard sell using classifieds unless you can put your website address in the add and sell from there but i dont think thats allowed ither.

they say ebay will contact you with buyers details but what the buyer clicks to indicate that in the advert i couldnt tell .

i have had much success selling on ebay with very few scams due to the fact that i have been getting the free listings for starting at less than a $1
in auction format and listing high amounts and multiple lots of devcoin which sell easy for $2 per thousand .

thats a masive mark up and profit but not worth the time of a scammer selling lots and lots of devcion to many people then turn it into bitcoin on vircurex is the way to go . give it a try because i have brought in almost $1,000 in less than a month  not all profit of course but very few scammers to bother me .

because devcoin is the longest running crypto next to bitcoin and not just another copy of bitcoin with a purpose behind it.
 it is attracting lots of well educated writers and developers . 
 many people are earning it now for writing articles on devtome.com where all the others are just trading it back and forth.
it is so cheap at the moment it makes sense to get some and if goes down you havnt lost much!
 but if it goes up just a little even a few cents on the dollar you will be laughing all the way to the bank . check it out and try selling on ebay while you still can do it in coins other world coins , do 1 listing holding mulitiple lots of 50-100  sell 100- 1500 DVC per lot no higher  you will make a profit with all lots sold  untill the listing is removed and fees refunded .   
   hope this helps anyone who is selling on ebay . jasont

[bitpop]

Yeah ebay classified is as scam

[virtualfaqs]

I didn't have one successful auction on eBay because the highest bidders could not pass my very simple verification process. I was only selling $10 to $50 BTC worth at the time. I lost money from all the final value credit refund fees that never covered the auction cost.

Classifieds don't use the payment or feedback system. It's just like Craigslist.

your right ebay dont ouse the feedback system or the payment process, after paying the much higher fee to do the clasified add, i realizeds there was not buy it now or any payment button of any kind . nowhere for a buyer to make obvious contact either.

so irevised the add and put my email address in the discription so buyers could make paypal payment but unfortunately email address are not allowed in the add . so it looks like your screwed anyway lol .

the only way i got to get around that was to enter my email address without the  @ and . symbols but it is now going to be a very hard sell using classifieds unless you can put your website address in the add and sell from there but i dont think thats allowed ither.

they say ebay will contact you with buyers details but what the buyer clicks to indicate that in the advert i couldnt tell .

i have had much success selling on ebay with very few scams due to the fact that i have been getting the free listings for starting at less than a $1
in auction format and listing high amounts and multiple lots of devcoin which sell easy for $2 per thousand .

thats a masive mark up and profit but not worth the time of a scammer selling lots and lots of devcion to many people then turn it into bitcoin on vircurex is the way to go . give it a try because i have brought in almost $1,000 in less than a month  not all profit of course but very few scammers to bother me .

because devcoin is the longest running crypto next to bitcoin and not just another copy of bitcoin with a purpose behind it.
 it is attracting lots of well educated writers and developers . 
 many people are earning it now for writing articles on devtome.com where all the others are just trading it back and forth.
it is so cheap at the moment it makes sense to get some and if goes down you havnt lost much!
 but if it goes up just a little even a few cents on the dollar you will be laughing all the way to the bank . check it out and try selling on ebay while you still can do it in coins other world coins , do 1 listing holding mulitiple lots of 50-100  sell 100- 1500 DVC per lot no higher  you will make a profit with all lots sold  untill the listing is removed and fees refunded .   
   hope this helps anyone who is selling on ebay . jasont

Thanks for the advice. That does make sense that less known coins would have less scammers. However I don't like the fact that the listing is removed and fees refunded. I feel like that would be a strike against my record and eventually banned.

[Damon2]

today is the 10th of February, any updates about this?
are there any new rules on ebay to protect seller and buyer? I wasn't able to find anything about this!

[ljudotina]

today is the 10th of February, any updates about this?
are there any new rules on ebay to protect seller and buyer? I wasn't able to find anything about this!

No, there is no update, and there will never be bcause main problem isnt "blockchain", it's paypals rule that "customer" is always right. I felt it on my own skin. Guy gough BTC, i delivered, and than he clamed that he does not recognize transaction, that his account was probably hacked, and he got his money back and i lost my BTC.

Basicly, scam is not "oh noh i didint got my BTC", it's "OMG my credit card / paypal account got hacked, pls return my money" and there is nothing we can do. It's happening all over the ebay all the time, not only BTC, and in 99 oit of 100 cases beay / paypal sides with buyer. As simple as that. When you deal with PayPal, calculate certain percentage of this into your price and youll be good.

[Damon2]

today is the 10th of February, any updates about this?
are there any new rules on ebay to protect seller and buyer? I wasn't able to find anything about this!

No, there is no update, and there will never be bcause main problem isnt "blockchain", it's paypals rule that "customer" is always right. I felt it on my own skin. Guy gough BTC, i delivered, and than he clamed that he does not recognize transaction, that his account was probably hacked, and he got his money back and i lost my BTC.

Basicly, scam is not "oh noh i didint got my BTC", it's "OMG my credit card / paypal account got hacked, pls return my money" and there is nothing we can do. It's happening all over the ebay all the time, not only BTC, and in 99 oit of 100 cases beay / paypal sides with buyer. As simple as that. When you deal with PayPal, calculate certain percentage of this into your price and youll be good.

Well it's just a matter of willing...
If paypal recognize as 'sent' the transactions of the blockchain where there is the proof of delivery from address A to address B where every passage is tracked and approved by many poeole, there couldn't be any problem.
Could be considered like a phisical object and tracked like a courier could with a pair of shoes... can they say: "OMG my credit card / paypal account got hacked, pls return my money even if i bought this pair of shoes?" ... They ask the seller the proof of tracking, like could be done with cryptocurrencies... even easier in this last case since, the proof will be there forever online and won't disappear after few months like any courier database.

As said is just a porblem of willing, if they don't intend to, they'll never do it even if it could be the safest sysytem of the world...

[rat]

means nothing. they can still chargeback.

sell on ebay at your own risk.

[virtualfaqs]

today is the 10th of February, any updates about this?
are there any new rules on ebay to protect seller and buyer? I wasn't able to find anything about this!

No, there is no update, and there will never be bcause main problem isnt "blockchain", it's paypals rule that "customer" is always right. I felt it on my own skin. Guy gough BTC, i delivered, and than he clamed that he does not recognize transaction, that his account was probably hacked, and he got his money back and i lost my BTC.

Basicly, scam is not "oh noh i didint got my BTC", it's "OMG my credit card / paypal account got hacked, pls return my money" and there is nothing we can do. It's happening all over the ebay all the time, not only BTC, and in 99 oit of 100 cases beay / paypal sides with buyer. As simple as that. When you deal with PayPal, calculate certain percentage of this into your price and youll be good.

Well it's just a matter of willing...
If paypal recognize as 'sent' the transactions of the blockchain where there is the proof of delivery from address A to address B where every passage is tracked and approved by many poeole, there couldn't be any problem.
Could be considered like a phisical object and tracked like a courier could with a pair of shoes... can they say: "OMG my credit card / paypal account got hacked, pls return my money even if i bought this pair of shoes?" ... They ask the seller the proof of tracking, like could be done with cryptocurrencies... even easier in this last case since, the proof will be there forever online and won't disappear after few months like any courier database.

As said is just a porblem of willing, if they don't intend to, they'll never do it even if it could be the safest sysytem of the world...

If they used that method, I feel there would still be problems with giving the buyer and seller the correct BTC address. Still many ways to scam new buyers and sellers.  I'd prefer eBay to just act as an escrow and release the coins after payment. Seller is guaranteed payment and eBay deals with disputes and chargebacks.

[arsha99]

today is the 10th of February, any updates about this?
are there any new rules on ebay to protect seller and buyer? I wasn't able to find anything about this!

No, there is no update, and there will never be bcause main problem isnt "blockchain", it's paypals rule that "customer" is always right. I felt it on my own skin. Guy gough BTC, i delivered, and than he clamed that he does not recognize transaction, that his account was probably hacked, and he got his money back and i lost my BTC.

Basicly, scam is not "oh noh i didint got my BTC", it's "OMG my credit card / paypal account got hacked, pls return my money" and there is nothing we can do. It's happening all over the ebay all the time, not only BTC, and in 99 oit of 100 cases beay / paypal sides with buyer. As simple as that. When you deal with PayPal, calculate certain percentage of this into your price and youll be good.

Well it's just a matter of willing...
If paypal recognize as 'sent' the transactions of the blockchain where there is the proof of delivery from address A to address B where every passage is tracked and approved by many poeole, there couldn't be any problem.
Could be considered like a phisical object and tracked like a courier could with a pair of shoes... can they say: "OMG my credit card / paypal account got hacked, pls return my money even if i bought this pair of shoes?" ... They ask the seller the proof of tracking, like could be done with cryptocurrencies... even easier in this last case since, the proof will be there forever online and won't disappear after few months like any courier database.

As said is just a porblem of willing, if they don't intend to, they'll never do it even if it could be the safest sysytem of the world...

If they used that method, I feel there would still be problems with giving the buyer and seller the correct BTC address. Still many ways to scam new buyers and sellers.  I'd prefer eBay to just act as an escrow and release the coins after payment. Seller is guaranteed payment and eBay deals with disputes and chargebacks.

I have gone through this. He bought, I sent. He claimed his CC was stolen, disputed paypal. BUT Paypal sided with me the seller because the buyer is NOT covered for In-Tangible items.But buyer filed for Chargeback through CreditCard company and I got a 20$ fee plus the sale price. Luckily I got the fee price back by calling paypal, but for the sale price thats being disputed with paypal (me) vs credit card company.

[UltraPleb]

That's a shame in my opinion, will massively reduce the number of listings.

[virtualfaqs]

today is the 10th of February, any updates about this?
are there any new rules on ebay to protect seller and buyer? I wasn't able to find anything about this!

No, there is no update, and there will never be bcause main problem isnt "blockchain", it's paypals rule that "customer" is always right. I felt it on my own skin. Guy gough BTC, i delivered, and than he clamed that he does not recognize transaction, that his account was probably hacked, and he got his money back and i lost my BTC.

Basicly, scam is not "oh noh i didint got my BTC", it's "OMG my credit card / paypal account got hacked, pls return my money" and there is nothing we can do. It's happening all over the ebay all the time, not only BTC, and in 99 oit of 100 cases beay / paypal sides with buyer. As simple as that. When you deal with PayPal, calculate certain percentage of this into your price and youll be good.

Well it's just a matter of willing...
If paypal recognize as 'sent' the transactions of the blockchain where there is the proof of delivery from address A to address B where every passage is tracked and approved by many poeole, there couldn't be any problem.
Could be considered like a phisical object and tracked like a courier could with a pair of shoes... can they say: "OMG my credit card / paypal account got hacked, pls return my money even if i bought this pair of shoes?" ... They ask the seller the proof of tracking, like could be done with cryptocurrencies... even easier in this last case since, the proof will be there forever online and won't disappear after few months like any courier database.

As said is just a porblem of willing, if they don't intend to, they'll never do it even if it could be the safest sysytem of the world...

If they used that method, I feel there would still be problems with giving the buyer and seller the correct BTC address. Still many ways to scam new buyers and sellers.  I'd prefer eBay to just act as an escrow and release the coins after payment. Seller is guaranteed payment and eBay deals with disputes and chargebacks.

I have gone through this. He bought, I sent. He claimed his CC was stolen, disputed paypal. BUT Paypal sided with me the seller because the buyer is NOT covered for In-Tangible items.But buyer filed for Chargeback through CreditCard company and I got a 20$ fee plus the sale price. Luckily I got the fee price back by calling paypal, but for the sale price thats being disputed with paypal (me) vs credit card company.

I've said many times PayPal bow down to CC chargebacks. And chargebacks usually will side with buyer. That's just how it works. I really doubt there's a BTC specialist to investigate these claims. I don't deliver BTC unless I'm 95% confident the buyer won't chargeback.

On the bright side, you don't have to worry about PayPal reversing or closing your account for selling BTC now. That's half the battle. Chargebacks I can usually deal with.