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Author Topic: Selling crypto on eBay  (Read 857 times)
lx001
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January 21, 2014, 11:33:47 AM
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I apologize for creating a new topic but I have a couple of questions.

1). Currently it is illegal to sell crypto currency on eBay, but what happens if I'm caught by PayPal or eBay? Are they going to give me a warning and remove my listings, are they going to suspend my account and freeze my funds for 180 days or they are going to suspend my account and confiscate the funds? Account is 8 years old, has no selling limits, has no PayPal limits. I've been selling non-crypto items earlier. So basically there is a difference between such account and 1 day old one created only for crypto selling. Most crypto-sellers have less than 10 feedback.

2). Do they remove listings manually or automatically? I have heard that they remove listings cointaining "1 Bitcoin", "2 Bitcoin" but  "0.12 Bitcoin" or "0.01 Bitcoin" are not being removed.

Soo, if it does happen automatically, than there is a risk selling Bitcoins, Litecoins. Someone had a Dogecoin listing that was removed but he only got a warning. But what about small, not so very popular coins like Dimecoin for example? Are they affected too? I do totally understand PayPal risks involving chargebacks, stolen accounts and INR claims.

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January 21, 2014, 07:30:06 PM
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any thoughts Huh
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January 21, 2014, 09:06:06 PM
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Selling VIRTUAL coins is allowed on ebay if you place the ad in the Classifieds section.
Selling PHYSICAL coins (usb wallet, paper wallet) is allowed in the coin section.

Selling virtual coins in the coin section as so many people do, is not allowed. Ebay will issue you a warning if you are reported.

Paypal doesn't have any policy against it (as reported to me by one of their call centre people) but you will not be able to prove delivery if they file a dispute.

I had one guy demand his coins ASAP after an auction, had an address on Paypal for New Jersey and the Ebay account was for Indianapolis. Asked him for a phone # and he gave me a Florida area code. I passed on sending them to him, he was upset and angry. Waited a month with his funds (didn't spend them but not going to refund them either) and sure enough - CHARGEBACK due to unauthorized use.

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