Bitcoin Forum
November 19, 2019, 08:29:20 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: eBay Chargebacks Hurt Bitcoin  (Read 1368 times)
Mikerogers
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
April 05, 2014, 07:58:09 AM
 #1

Ok if there's anything I'm experienced with it's chargebacks. I used to play MMOs and sell the virtual currencies there and I got chargebacked a few hundred dollars from non legit buyers but that was when I was a teenager and Bitcoins are much different. Chargebacks on Bitcoins would consist of at least $450 for every coin and thats just ridiculous money to not be insured.

My advice? Don't sell directly to someone and ask for PayPal when you don't have any guarantees because all they have to do is click 1 button and they get their cash back. You can call PayPal all you want and cry and moan to them but they will just tell you sorry and in the end you'll be pissed. I'd recommend using a reputable exchange instead unless PayPal gets a serious policy about virtual currencies and doesn't just join the party so they can make a few dollars from the fees. This is serious business and PayPal is treating it like its not when a dispute happens.

I hope u guys be careful when doing transactions because I've gotten chargebacked before on PayPal with virtual currencies and let me tell you the first thing thats gona happen is your heart will sink and you won't be able to eat lol. Anyways don't wanna scare any of u but please be careful because getting scammed is not fun but PayPal is easily exploitable and they won't help sellers out when they need it.

Heres some articles about chargebacks if you want a more in depth read: http://techcrunch.com/2014/04/04/ebay-now-allows-virtual-currency-sales/

http://www.panture.com/ebay-adds-virtual-currency/
1574195360
Hero Member
*
Offline Offline

Posts: 1574195360

View Profile Personal Message (Offline)

Ignore
1574195360
Reply with quote  #2

1574195360
Report to moderator
1574195360
Hero Member
*
Offline Offline

Posts: 1574195360

View Profile Personal Message (Offline)

Ignore
1574195360
Reply with quote  #2

1574195360
Report to moderator
1574195360
Hero Member
*
Offline Offline

Posts: 1574195360

View Profile Personal Message (Offline)

Ignore
1574195360
Reply with quote  #2

1574195360
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1574195360
Hero Member
*
Offline Offline

Posts: 1574195360

View Profile Personal Message (Offline)

Ignore
1574195360
Reply with quote  #2

1574195360
Report to moderator
1574195360
Hero Member
*
Offline Offline

Posts: 1574195360

View Profile Personal Message (Offline)

Ignore
1574195360
Reply with quote  #2

1574195360
Report to moderator
1574195360
Hero Member
*
Offline Offline

Posts: 1574195360

View Profile Personal Message (Offline)

Ignore
1574195360
Reply with quote  #2

1574195360
Report to moderator
Operatr
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


www.DonateMedia.org


View Profile WWW
April 05, 2014, 10:07:08 AM
 #2

Just avoid Ebay/Paypal, their fees are ridiculous anyway.

thezerg
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


View Profile
April 05, 2014, 11:25:18 AM
 #3

sell your game items for bitcoin!  virtual currency for virtual items.
GigaCoin
Sr. Member
****
Offline Offline

Activity: 308
Merit: 251


Giga


View Profile
April 05, 2014, 11:39:12 AM
 #4

Just avoid Ebay/Paypal, their fees are ridiculous anyway.

yep exactly, way too many fees. Both companies have become overbloated and need higher fees to sustain themselves. Decentralized trade and currency solutions is the way to go

Mikerogers
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
April 05, 2014, 05:39:18 PM
 #5

sell your game items for bitcoin!  virtual currency for virtual items.

I would but the Chinese middleman only have cash lol
tins
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500


View Profile
April 06, 2014, 07:20:13 AM
 #6

Just avoid Ebay/Paypal, their fees are ridiculous anyway.


Their Fees have gotten out of hand!
I started on Ebay in 2006, fees were acceptable, I was able to unload many thins I no longer needed and make a few dollars.
Now, selling unneeded items no longer needs will barely pay for the postage after Ebay and Paypal bends me over.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!