Ebay - the first tech giant to accept Bitcoin?

[_smudger_]

I believe Ebay is the best company to target next (in accepting Bitcoin).

They have lagged behind the other tech giants and are always looking for the best way to catch-up.

Bitcoin could be the answer.

Also they have talked about it in the past ( http://smartbusinessbrief.com/ebay-considering-accepting-bitcoin-as-payment/) and they have recently added a digital-currency section (https://coinreport.net/ebay-digital-currency-section/).

If Ebay get's on board I believe there is no stopping Bitcoin then.

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[trace666]

Since ebay owns PayPal, this is unlikely to happen.

[dreamspark]

If ebay implement a digital currency it is very likely to be something they control.

In fact didnt they apply for a patent or something similar for their own "e-cash".

[_smudger_]

Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

[Chronikka]

Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

Paypal is not considered a bank but in many ways it operates like one. You can keep money in your account, spend it and accept money into the account like a bank . Also they offer debit card services, just like a bank would.

The reality is Bitcoin and Paypal are direct competition. More so than fiat and Bitcoin. Paypal is an internet Payment processor, dealing in cash. Bitcoin is a currency and payment platform that seeks to circumvent the need for middlemen. Bitcoin is designed to cut companies like Paypal out of the picture.

So in order for Ebay to accept Bitcoin, they will be making a conscious decision to accept less money via Paypal. I don't know if that is a good business decision for them. They pretty much have a lock down on their customer base by requiring Paypal on most transactions. And of course they levy a nice fee on all of those transactions. Why would they change that? If they did accept Bitcoin I can almost guarantee that they will have some sort of "service fee" attached to all bitcoin transactions in order to recoup lost Paypal money.

[Domino]

Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

Paypal is not considered a bank but in many ways it operates like one. You can keep money in your account, spend it and accept money into the account like a bank . Also they offer debit card services, just like a bank would.

The reality is Bitcoin and Paypal are direct competition. More so than fiat and Bitcoin. Paypal is an internet Payment processor, dealing in cash. Bitcoin is a currency and payment platform that seeks to circumvent the need for middlemen. Bitcoin is designed to cut companies like Paypal out of the picture.

So in order for Ebay to accept Bitocin, they will be making a conscious decision to accept less money via Paypal. I don't know if that is a good business decision for them. They pretty much have a lock down on their customer base by requiring Paypal on most transactions. And of course they levy a nice fee on all of those transactions. Why would they change that? If they did accept Bitcoin I can almost guarantee that they will have some sort of "service fee" attached to all bitcoin transactions in order to recoup lost Paypal money.

Well said.
At this moment, eBay should have no incentive in accepting bitcoin now.

[_smudger_]

Whilst it's true we would expect Ebay/Paypal to be naturally competing with Bitcoin, we can't dismiss the possibility that they could have come up with a business model that embraces the digital currency.

They might realize that the technology is inevitable and be willing to implement something early on using the Ebay/Paypal brand.

Either that or be replaced eventually!

http://altcoinpress.com/2014/02/breaking-ebay-ceo-suggests-paypal-bitcoin-integration-coming/  

[bryant.coleman]

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

It doesn't really matter whether David Marcus likes Bitcoin or not. He might be a genuine guy. But as long as Pierre Omidyar is the owner of Ebay / Paypal, I am 100% sure that they will never ever accept Bitcoin.

[vpitcher07]

Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

Paypal is not considered a bank but in many ways it operates like one. You can keep money in your account, spend it and accept money into the account like a bank . Also they offer debit card services, just like a bank would.

The reality is Bitcoin and Paypal are direct competition. More so than fiat and Bitcoin. Paypal is an internet Payment processor, dealing in cash. Bitcoin is a currency and payment platform that seeks to circumvent the need for middlemen. Bitcoin is designed to cut companies like Paypal out of the picture.

So in order for Ebay to accept Bitcoin, they will be making a conscious decision to accept less money via Paypal. I don't know if that is a good business decision for them. They pretty much have a lock down on their customer base by requiring Paypal on most transactions. And of course they levy a nice fee on all of those transactions. Why would they change that? If they did accept Bitcoin I can almost guarantee that they will have some sort of "service fee" attached to all bitcoin transactions in order to recoup lost Paypal money.

I think it'd be smart if paypal turned into a bitpay/coinbase type of company when it comes to bitcoin. Allowing merchants to accept btc and change it to fiat instantly.

[Lauda]

Since ebay owns PayPal, this is unlikely to happen.

Actually they will/have separated those 2 companies I believe.

[durrrr]

i dont think that bitcoin will ever be accepted by paypal i think paypal will never have anything to do with crytpo because it will hurt their business. althougt bitcoin would be great for paypal and avoid a lot of scammers and such

[Chronikka]

Since ebay owns PayPal, this is unlikely to happen.

Actually they will/have separated those 2 companies I believe.

Paypal is considered a division of Ebay. A wholly owned subsidiary, operated by Ebay inc.

There was a proposal from a 1% shareholder (Carl Icahn) like a month ago that would effectively separate the companies by creating a Paypal like spinoff. But Ebay's management disagreed and is urging other shareholders to vote against the proposal.

[kevindurant]

eBay is the last resort for Bitcoin, since Paypal is there.

[bryant.coleman]

eBay is the last resort for Bitcoin, since Paypal is there.

That's why I am saying again and again that we should not pickup the begging bowl and stand in front of Pierre Omidyar. We should start a similar venture which accepts Bitcoins... Earlier there was Bitmit... but it vanished without a trace.

[pokerFace2]

Bitcoin = PayPal competition
Ebay will accept Bitcoin only when it will become necessary for Ebay to stay top auction site. In other word, not anytime soon.

[franky1]

paypal has damaged western union over the last decade.. why?
because paypal did NOT ask western union to accept paypal.

amazon is damaging paypal/ebay over the last few years.. why?
because amazon offers a better customer service and products that dont end up as cement wrapped in a box.

bitcoin is/will damage paypal, banks, amazon... why?
because we need to realise that we are the evolution of money and trade. we do not need the neanderthal to use us, we simply need to realise that we are better, and prove it by beating the neanderthals with skills, knowledge, better businesses and strategy.

here are some idea's
1) make a bitcoin version of ebay that is better then ebay - promote it. dont just sit there only talking about it within the community
2) in your area if you are having a hard time getting bitcoin locally. then become your local bitcoin service.
3) find other niche markets or services you feel would benefit from bitcoin. and start up a bitcoin version of that service/business
4) don't sit around waiting for other people to come into your area and do stuff for you. be inspired to do it yourself

[Chemistry1988]

eBay is the last resort for Bitcoin, since Paypal is there.

That's why I am saying again and again that we should not pickup the begging bowl and stand in front of Pierre Omidyar. We should start a similar venture which accepts Bitcoins... Earlier there was Bitmit... but it vanished without a trace.

+1.
It would create pressure for eBay to accept bitcoin, if we have more and bigger Bitmit-like sites.

[freshdzine]

I hear talk about creating an EBAY for Bitcoin. Are people not aware of Bitcoin Shop? It accepts, Bitcoin, Dogecoin and Litecoin. It has been trading on the stockmarket under ticker symbol BTCS. Wildly in fact for the last few days. True Bitcoin supporters should support this stock and store as well. Lack of being informed in general about Bitcoin news and support seems to be in issue. 

[Chronikka]

eBay is the last resort for Bitcoin, since Paypal is there.

That's why I am saying again and again that we should not pickup the begging bowl and stand in front of Pierre Omidyar. We should start a similar venture which accepts Bitcoins... Earlier there was Bitmit... but it vanished without a trace.

+1.
It would create pressure for eBay to accept bitcoin, if we have more and bigger Bitmit-like sites.

There are services like this out there. They are growing, but it takes time. Many of them don't just accept Bitcoin either but many other currencies. They are designed to be payment platforms, not limited to just one currency.

coinpayments.net is an example

[redguard]

I always thought Paypal as the guy holding the money until you verify that you get what you ordered. If everything checks out, the vendor gets the money.

[gagalady]

Since ebay owns PayPal, this is unlikely to happen.

Actually they will/have separated those 2 companies I believe.

Indeed, paypal owns ebay and paypal suspends account if any bitcoin - related transaction is done with paypal. That tells that they are strongly agains bitcoin?

[madmadmax]

The thing is that Paypal doesn't deal in actual currency but in debt so had they began accepting Bitcoin not a single thing would change, it would probably make Bitcoin worse due to fractional reserve banking, there would then be 50, 100, 500 million Bitcoins in "existence" since everyone would keep their balance on Paypal without having control over the private keys.

[MegaHustlr]

Ebay wont do this as long as they are with paypal. paypal and bitcoin dont mix..

[Chronikka]

The thing is that Paypal doesn't deal in actual currency but in debt so had they began accepting Bitcoin not a single thing would change, it would probably make Bitcoin worse due to fractional reserve banking, there would then be 50, 100, 500 million Bitcoins in "existence" since everyone would keep their balance on Paypal without having control over the private keys.

But they do deal in currency. You can "deposit" money into your Paypal account just like you would a bank account. Its not their money its yours. They are holding the funds until you spend it or withdraw it. Just like a bank.

[CoinDiver]

Paypal will begin to use bitcoin, when it it financially beneficial to them. Paypal and bitcoin are compatible. Paypal could easily let you fund your balance, or even keep btc in one of their wallets as part of your paypal balance. The "benefit" they would provide to their users is buyer and seller protection (as they already do). Bitcoins irreversibility is no different than USD, if it's done in this way. If I pull USD out of my paypal, it's gone. They can't get it back. What they can do is take it out of what is still in my account, possibly leaving my account negative. Paypal could then allow people to send and receive funds as BTC, regardless of where it's going or coming from. Bitcoin won't kill paypal... but it may make change their business model a bit. More and more bitcoin will be used to circumvent paypal (specifically their fees, and their dispute resolution that is generally unfavorable to sellers). Bitcoin can force paypal to lower their fees, or provide more reasonable protection to sellers. Many people will find they can not trust themselves to make p2p bitcoin transaction, or simply would rather have paypal as a dispute moderator.

Paypal already takes a cut when converting between currencies. BTC would be no different. They take transaction fees on top of that.

The best thing we can do to convince paypal to adopt bitcoin is to keep getting sights to offer bitcoin as an alternative. Some emails to paypal as customers (rather than bitcoiners), asking them to look at bitcoin to see what they can do to make it safer for people to use, may get their attention.

[stokecrypto]

if ebay use anything it will be ripple

[CoinDiver]

if ebay use anything it will be ripple

Why? It's out of their control. What benefit would ripple be to paypal, that paypal couldn't implement themselves?

[stokecrypto]

you need to look at the people and organizations that are behind the development ripple to answer your question

[CoinDiver]

you need to look at the people and organizations that are behind the development ripple to answer your question

I don't care to. I got my free ripple a while back... and have no further use for it. Either you can explain here, or I'll move along.

[madmadmax]

The thing is that Paypal doesn't deal in actual currency but in debt so had they began accepting Bitcoin not a single thing would change, it would probably make Bitcoin worse due to fractional reserve banking, there would then be 50, 100, 500 million Bitcoins in "existence" since everyone would keep their balance on Paypal without having control over the private keys.

But they do deal in currency. You can "deposit" money into your Paypal account just like you would a bank account. Its not their money its yours. They are holding the funds until you spend it or withdraw it. Just like a bank.

You can "deposit" debt, they don't accept currency deposits. You cannot send them the bills.

[Chronikka]

The thing is that Paypal doesn't deal in actual currency but in debt so had they began accepting Bitcoin not a single thing would change, it would probably make Bitcoin worse due to fractional reserve banking, there would then be 50, 100, 500 million Bitcoins in "existence" since everyone would keep their balance on Paypal without having control over the private keys.

But they do deal in currency. You can "deposit" money into your Paypal account just like you would a bank account. Its not their money its yours. They are holding the funds until you spend it or withdraw it. Just like a bank.

You can "deposit" debt, they don't accept currency deposits. You cannot send them the bills.

Not true.

https://www.paypal-cash.com/

They don't have branches or atms like a normal bank, but they absolutely accept bills. You can also withdraw cash, or by check (not really cash...but close). Its just done at a service counter, at a place like CVS for example, instead of a typical bank branch.

[keithers]

I don't see ebay accepting BTC anytime soon, because there is still so much chargebacks and fraud going on with ebay.  Since with BTC, the buyer doesn't really have that much protection...there needs to be some sort of infrastructure created that protects both sides.

[pabpete]

If you can't beat em join em.

[cozk]

Since ebay owns PayPal, this is unlikely to happen.

This.

Paypal are such fucking scammers. Just the other day i got a chargeback from a scammer (a buyer) for a 15$ sale and i was charged 10$ in reversal fees on top of that !!

What a fucking joke.

[keithers]

Since ebay owns PayPal, this is unlikely to happen.

This.

Paypal are such fucking scammers. Just the other day i got a chargeback from a scammer (a buyer) for a 15$ sale and i was charged 10$ in reversal fees on top of that !!

What a fucking joke.

I had a chargeback from a buyer who said that it was a fraudulent purchase and I even had the delivery confirmation with a signature (and he signed it his name)

[Dannie]

Since ebay owns PayPal, this is unlikely to happen.

This.

Paypal are such fucking scammers. Just the other day i got a chargeback from a scammer (a buyer) for a 15$ sale and i was charged 10$ in reversal fees on top of that !!

What a fucking joke.

I had a chargeback from a buyer who said that it was a fraudulent purchase and I even had the delivery confirmation with a signature (and he signed it his name)

That chargeback is successful even with that signed delivery confrimation? 

[Chronikka]

Since ebay owns PayPal, this is unlikely to happen.

This.

Paypal are such fucking scammers. Just the other day i got a chargeback from a scammer (a buyer) for a 15$ sale and i was charged 10$ in reversal fees on top of that !!

What a fucking joke.

I had a chargeback from a buyer who said that it was a fraudulent purchase and I even had the delivery confirmation with a signature (and he signed it his name)

That chargeback is successful even with that signed delivery confrimation? 

That's Paypal for you...they pretty much automatically take the buyer's side in any conflict. And by extension, so does Ebay. Some time ago Ebay even removed the option for sellers to give negative feedback to buyers. Read their policies its ridiculous. That's why so many people are looking for alternatives.

[Cryptogirl82]

Ebay will never accept bitcoin, they have paypal!

[jubalix]

moneys not in retail. Ebay/Amazon, would not benefit BTC much inmho

[Chronikka]

moneys not in retail. Ebay/Amazon, would not benefit BTC much inmho

It wouldn't benefit BTC? Are you nuts? Bitcoin is a currency, what good is it if we can't even buy things at two of the largest online retailers?

[SomethingElse]

Since ebay owns PayPal, this is unlikely to happen.

They just need a push in the right direction  

Paypal president David Marcus - "I really like Bitcoin"

https://coinreport.net/david-marcus-paypal-bitcoin/

Paypal is not considered a bank but in many ways it operates like one. You can keep money in your account, spend it and accept money into the account like a bank . Also they offer debit card services, just like a bank would.

The reality is Bitcoin and Paypal are direct competition. More so than fiat and Bitcoin. Paypal is an internet Payment processor, dealing in cash. Bitcoin is a currency and payment platform that seeks to circumvent the need for middlemen. Bitcoin is designed to cut companies like Paypal out of the picture.

So in order for Ebay to accept Bitcoin, they will be making a conscious decision to accept less money via Paypal. I don't know if that is a good business decision for them. They pretty much have a lock down on their customer base by requiring Paypal on most transactions. And of course they levy a nice fee on all of those transactions. Why would they change that? If they did accept Bitcoin I can almost guarantee that they will have some sort of "service fee" attached to all bitcoin transactions in order to recoup lost Paypal money.

Apple worried that ipad mini might cannibalize sells of ipad air.  They were right and it did, but the end result was more ipads total sold and therefore more money for Apple.  Ebay is in the making money business.  Remember the scene from Fight Club where the guy explains about the formulas big insurance companies use when deciding to pay or not pay, well..... Ebay has those same sleazy number crunchers and when one of them says Ebay will make more money and not less by accepting bitcoin, they will.  Same with Amazon, and same with all the rest.  Ebay will let PayPal slip down some if it means more profit total.  That is the rule of for profit companies and those that don't follow fall away.  Ebay know this and so do the rest. 

TigerDirect did the numbers and realized they would get a bump, not so much from the bitcoin, but from the publicity.  It worked. Bitcoin wasn't a revolutionary new way to make money for Tiger or Overstock, it was cheap advertising.  Ebay and Amazon don't need that advertising.  If bitcoin wins them, bitcoin has become a very serious player. 

[Lauda]

Since ebay owns PayPal, this is unlikely to happen.

Actually they will/have separated those 2 companies I believe.

Indeed, paypal owns ebay and paypal suspends account if any bitcoin - related transaction is done with paypal. That tells that they are strongly agains bitcoin?

Yet Ebay has an category for cryptocurrencies. No, the policy isn't really the same with both companies.

[CoinDiver]

I don't think you guys understand how small of a profit margin some of these companies work on. Eliminating credit card fees is HUGE.

[jubalix]

moneys not in retail. Ebay/Amazon, would not benefit BTC much inmho

It wouldn't benefit BTC? Are you nuts? Bitcoin is a currency, what good is it if we can't even buy things at two of the largest online retailers?

retail, is a small part of the economy, ebay and amazon sell alot of plascraptic deprecating assets. Real money is in financial instruments, forex, appreciating assets etc.

what does anyone even buy from ebay/amazon that is so essential?

Forex in one day is near 3 Trillion. That's more than ebay+amazon+ whoever else you want to put in, in a day.

ebay is worth what...6000 houses in a decent metro area, soo can house 18000 - 24000 people. That's not that much.

[Bitcoinpro]

Since ebay owns PayPal, this is unlikely to happen.

paypal insurance is how they made it big this business is not threatened by Bitcoin at all

[SomethingElse]

I don't think you guys understand how small of a profit margin some of these companies work on. Eliminating credit card fees is HUGE.

I know that Ebay gets a cut and then Paypal takes a cut so that for each sell the buyer pays the price bid, but the seller can get 5-10% taken out of the total.  Of course the sellers want to accept bitcoin, but does Ebay want to let them do that.  Buyers don't see the charges, but the sellers are including those fees in the prices they want to charge.  So yes, bitcoin can save buyers and sellers money, but not Ebay.  What do you think Ebay is going to do?

[titan86]

Ebay is the best company to target in accepting Bitcoin. but it will never does!

[Chronikka]

moneys not in retail. Ebay/Amazon, would not benefit BTC much inmho

It wouldn't benefit BTC? Are you nuts? Bitcoin is a currency, what good is it if we can't even buy things at two of the largest online retailers?

retail, is a small part of the economy, ebay and amazon sell alot of plascraptic deprecating assets. Real money is in financial instruments, forex, appreciating assets etc.

what does anyone even buy from ebay/amazon that is so essential?

Forex in one day is near 3 Trillion. That's more than ebay+amazon+ whoever else you want to put in, in a day.

ebay is worth what...6000 houses in a decent metro area, soo can house 18000 - 24000 people. That's not that much.

It has nothing to do with the value of Ebay or any other retail company. It has nothing to do with how much money is in the retail industry.

We are trying to create a decentralized CURRENCY. What is the number one thing we use currency for? To BUY things...Nobody will take Bitcoin seriously until every day online activities are seamless with bitcoin. That means retail purchases.

[jubalix]

moneys not in retail. Ebay/Amazon, would not benefit BTC much inmho

It wouldn't benefit BTC? Are you nuts? Bitcoin is a currency, what good is it if we can't even buy things at two of the largest online retailers?

retail, is a small part of the economy, ebay and amazon sell alot of plascraptic deprecating assets. Real money is in financial instruments, forex, appreciating assets etc.

what does anyone even buy from ebay/amazon that is so essential?

Forex in one day is near 3 Trillion. That's more than ebay+amazon+ whoever else you want to put in, in a day.

ebay is worth what...6000 houses in a decent metro area, soo can house 18000 - 24000 people. That's not that much.

It has nothing to do with the value of Ebay or any other retail company. It has nothing to do with how much money is in the retail industry.

We are trying to create a decentralized CURRENCY. What is the number one thing we use currency for? To BUY things...Nobody will take Bitcoin seriously until every day online activities are seamless with bitcoin. That means retail purchases.

btc is a currencyfor purchaseing, but that's not it's only function, nor its main function. The store of wealth and large wealth transfer are by far more important to BTC value, as well as volume fiat in an out of BTC at will. amazon + ebay will quickly use btc when these are large enough

[Cryptopher]

Since ebay owns PayPal, this is unlikely to happen.

Maybe they would give traders the option to pay their fees in Bitcoin, though I'm not sure if that would really benefit anybody as it would only make sense if Bitcoin was a payment option.

I'm sure that they are considering the technology in some capacity.

[bitcoinvideos]

I think they might play with the idea but how would you pay listers of products? Would you convert to fiat? It seems like a strange way to do business. i.e. accept BTC for payment then convert it into paypal? Although theoretically they could just keep the BTC for ever and never use it. A relatively cheap way to hoard it to be never used again?

[Chronikka]

I think they might play with the idea but how would you pay listers of products? Would you convert to fiat? It seems like a strange way to do business. i.e. accept BTC for payment then convert it into paypal? Although theoretically they could just keep the BTC for ever and never use it. A relatively cheap way to hoard it to be never used again?

What they would do is integrate Bitcoin into Paypal. Essentially they could turn Paypal into a Bitcoin web wallet, where you deposit Bitcoin just like USD. When you go to check out on Ebay or any other site, you can choose Bitcoin or USD, but its still through Paypal...so they can continue to levy their fees.

This way Ebay can accept Bitcoin transactions, but still force the buyer to go through Paypal.

[Lauda]

I don't think you guys understand how small of a profit margin some of these companies work on. Eliminating credit card fees is HUGE.

Yet only a few accept it right now.

[rammy2k2]

ebay will never quit their own money processor for another ...

[strikeitrich]

so the news is not true?

[Zebra]

so the news is not true?

What news? The thread is made because OP believe it is good to see eBay accepting bitcoin.

I believe Ebay is the best company to target next (in accepting Bitcoin).

They have lagged behind the other tech giants and are always looking for the best way to catch-up.

Bitcoin could be the answer.

Also they have talked about it in the past ( http://smartbusinessbrief.com/ebay-considering-accepting-bitcoin-as-payment/) and they have recently added a digital-currency section (https://coinreport.net/ebay-digital-currency-section/).

If Ebay get's on board I believe there is no stopping Bitcoin then.

[Lauda]

so the news is not true?

What news? The thread is made because OP believe it is good to see eBay accepting bitcoin.

I believe Ebay is the best company to target next (in accepting Bitcoin).

They have lagged behind the other tech giants and are always looking for the best way to catch-up.

Bitcoin could be the answer.

Also they have talked about it in the past ( http://smartbusinessbrief.com/ebay-considering-accepting-bitcoin-as-payment/) and they have recently added a digital-currency section (https://coinreport.net/ebay-digital-currency-section/).

If Ebay get's on board I believe there is no stopping Bitcoin then.

Yeah there is no news here, he was just asking a question. About this being a possibility.

[freshprince]

If Ebay ever accepted bitcoin. That would be enough to crack the dam of resistance.
EBay's stamp of approval would cause a massive flight to adoption of bitcoin.

[SomethingElse]

I agree.  Metaphorically speaking things like this, "just need one single brick in the middle of the wall to be pulled out and the entire wall will eventually fall apart".  With the financial system and bitcoin we need to know how big must that metaphorical brick be, and I am guessing ebay is a big enough brick. 

[mShz]

I believe Ebay is the best company to target next (in accepting Bitcoin).

They have lagged behind the other tech giants and are always looking for the best way to catch-up.

Bitcoin could be the answer.

Also they have talked about it in the past ( http://smartbusinessbrief.com/ebay-considering-accepting-bitcoin-as-payment/) and they have recently added a digital-currency section (https://coinreport.net/ebay-digital-currency-section/).

If Ebay get's on board I believe there is no stopping Bitcoin then.

maybe this would happen only when PayPal start to accept BitCoin = never

[Farmer17]

If Ebay faces more competition from bitcoin-accepting competitors, maybe it will consider accepting bitcoin.

[_smudger_]

If Ebay faces more competition from bitcoin-accepting competitors, maybe it will consider accepting bitcoin.

They better be quick!

https://coinality.com/jobs/ebay-with-bitcoin-odesk/

Ebay with Bitcoin – oDesk
oDesk – Posted by oDesk.com – Anywhere
Job Description

This job will develop a website from the ground level.  It is an ebay clone and uses bitcoin for payment processing.

The ideal candidate will have extensive ecommerce and web programming experience, along with some design skills.  They will also understand the bitcoin API, and be able to program all payment processes done by the website with the API without the use of 3rd party payment APIs.  Obviously, security is of utmost importance.

A successful engagement will provide daily updates via email, and weekly updates via phone.  The candidate will not be micromanaged, but will be required to provide high level walkthroughs on progress, including any issues that may arise.  Documentation of process will be required from day one so that the project may be handed off to a larger team if needed.  The candidate must be willing to work as a team member.

The right freelancer will understand the vision of the project, and be on board.

[_smudger_]

eBay has filed a patent that is to allow them to start accepting various digital currencies for items sold on their site. One of the coins they have listed is Bitcoin, and according to the patent it would allow them to price items in cash and have the value in Bitcoin converted automatically for each listing.

http://www.geekcipher.com/technology/popular-online-bitcoin-stores/

[spring.yu]

Paypal is not considered a bank but in many ways it operates like one. You can keep money in your account, spend it and accept money into the account like a bank . Also they offer debit card services, just like a bank would.

[revilo]

If you want to sell stuff to get bitcoins then do it with webuy.com! They pay out in bitcoin

[dreamspark]

If you want to sell stuff to get bitcoins then do it with webuy.com! They pay out in bitcoin

Is it worldwide?

[counter]

If Ebay faces more competition from bitcoin-accepting competitors, maybe it will consider accepting bitcoin.

That is the type of game changing moves needed to take place and open up the eyes of others to the world of Cryptography.

If you want to sell stuff to get bitcoins then do it with webuy.com! They pay out in bitcoin

Good to know I have to remember to bookmark that site many thanks for the link.

[revilo]

If you want to sell stuff to get bitcoins then do it with webuy.com! They pay out in bitcoin

Is it worldwide?

I think its just UK now but their website says they have stores all over the world so we should all email them and demand they take bitcoin everywhere!

[Sausage]

Ebay wont be the first. Maybe amazon.

[sana8410]

Since ebay owns PayPal, this is unlikely to happen.

Sooner or later they will consider adopt bitcoin!Bitcoin and cryptocurrencies are the future,Paypal has already a lot of haters because of the way they froze the money and close accounts most of the times on no reason. So  if they don't consider accepting bitcoin,slowly they will lose clients .

[dreamspark]

If you want to sell stuff to get bitcoins then do it with webuy.com! They pay out in bitcoin

Is it worldwide?

I think its just UK now but their website says they have stores all over the world so we should all email them and demand they take bitcoin everywhere!

Thats fine by me as Im in the UK  

EDIT: woah hang on, thats CEX there huge in this country, when did they start paying out in BTC?

[revilo]

If you want to sell stuff to get bitcoins then do it with webuy.com! They pay out in bitcoin

Is it worldwide?

I think its just UK now but their website says they have stores all over the world so we should all email them and demand they take bitcoin everywhere!

Thats fine by me as Im in the UK  

EDIT: woah hang on, thats CEX there huge in this country, when did they start paying out in BTC?

Today!

[BiTJack]

If you want to sell stuff to get bitcoins then do it with webuy.com! They pay out in bitcoin

Is it worldwide?

I think its just UK now but their website says they have stores all over the world so we should all email them and demand they take bitcoin everywhere!

Thats fine by me as Im in the UK  

EDIT: woah hang on, thats CEX there huge in this country, when did they start paying out in BTC?

Yes, We now have an official announcement on their blog too. It's time for tech giants to step in too.

[pickering7]

PP president love Bitcoins.

[PCUser]

Ebay is the first tech giant to avoid Bitcoin. this is the reality

[Bibop]

sadly, not gonna happand

[MercyC]

Since BitcoinShop.US is a one-stop shop maybe they'll go ahead and beat eBay to the punch! They're still working on overseas shipping though!

[_smudger_]

eBay CEO Asked About Amazon, Bitcoin and Unpopular Seller Policy

http://www.ecommercebytes.com/cab/abn/y14/m05/i14/s01

Carl Davis, Jr of the Silicon Valley Black Chamber of Commerce asked Donahoe what he thought of Bitcoin in regards to global trade. The CEO called it a new, exciting and emerging technology. "We think Bitcoin will play a very important role in the future. Exactly how that plays out, and how we can best take advantage of it and enable it with PayPal, that's something we're actively considering. It's on our radar screen."

http://newsbtc.com/2014/05/14/ebay-ceo-think-bitcoin-will-play-important-role-future/

[makebitcoin]

Since ebay owns PayPal, this is unlikely to happen.

This. Businesses like Apple and Amazon are also unlikely to accept Bitcoin because they will prefer to use their own currency (like store credit).

[tuneman1980]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

[Lauda]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

They should do it, even though Bitcoin is a competitor to Paypal and the likes of it. This would mean a lot bothways. I wonder if this would be the next thing that would cause a spike in the price. We have been waiting for something for a long time now.

[LiteCoinGuy]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

They should do it, even though Bitcoin is a competitor to Paypal and the likes of it. This would mean a lot bothways. I wonder if this would be the next thing that would cause a spike in the price. We have been waiting for something for a long time now.

5-6 months is not that long 

[Lauda]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

They should do it, even though Bitcoin is a competitor to Paypal and the likes of it. This would mean a lot bothways. I wonder if this would be the next thing that would cause a spike in the price. We have been waiting for something for a long time now.

5-6 months is not that long 

Well if you only see negative news in that period (mostly, major), it kind of is. Also if you look at the age of Bitcoin, 5-6 months represents a nice percentage.

[beetcoin]

i'm just hoping ebay chooses to join bitcoin instead of lumping "speech" (IE: money) with mastercard/visa to stifle bitcoin's development. they can still make money off of it, but probably as much if only paypal/fiat were used.

[BitPhotos]

the only reason i see this not working is because its p2p meaning if the seller doesnt ship the product, you can refund your paypal money, which you cannot do with bitcoin, UNLESS eBay acts as a third person holding the bitcoin until you receive your product, which could also lead to problems with people saying they never received it even if they did... overall i would love to see BTC accepted but just not sure of the functionality

[Lauda]

the only reason i see this not working is because its p2p meaning if the seller doesnt ship the product, you can refund your paypal money, which you cannot do with bitcoin, UNLESS eBay acts as a third person holding the bitcoin until you receive your product, which could also lead to problems with people saying they never received it even if they did... overall i would love to see BTC accepted but just not sure of the functionality

How are other retailers accepting Bitcoin? No this can't cause problems as the blockchain can verify if you have or have not received the coins. Also please note that with the amount of employees that Ebay has, they will probably figure out a model for themselves. They would find a solution that would work specifically on Ebay.

[BitPhotos]

the only reason i see this not working is because its p2p meaning if the seller doesnt ship the product, you can refund your paypal money, which you cannot do with bitcoin, UNLESS eBay acts as a third person holding the bitcoin until you receive your product, which could also lead to problems with people saying they never received it even if they did... overall i would love to see BTC accepted but just not sure of the functionality

How are other retailers accepting Bitcoin? No this can't cause problems as the blockchain can verify if you have or have not received the coins. Also please note that with the amount of employees that Ebay has, they will probably figure out a model for themselves. They would find a solution that would work specifically on Ebay.

no im talking about sellers, if they dont send the product you payed for and you already payed... im not talking about the bitcoin protocol...

[Davis14]

I really doubt bitcoin will be accepted by ebay considering paypal hates bitcoin and is the one that supports ebay.

[solimi]

I think Paypal will not consider accepting bitcoins, because that EBAY is a financial trusteeship system, the use of a large number of idle funds, but also what Bitcoin spotted this, so they are a competitive relationship.

[keithers]

I'm actually pretty surprised that they are now acknowledging the fact that they are considering BTC. I thought for sure that they would introduce their own virtual currency before allowing the use of a decentralized one that they cannot control.

[Bibop]

Only their consideration is a great step for us.

[blatchcorn]

It does not matter that PayPal and Bitcoin are competing with each other.  You either improve your business or get replaced.  An example of this is Amazon launching the Kindle, which competes with their physical book sales. 

[_smudger_]

It does not matter that PayPal and Bitcoin are competing with each other.  You either improve your business or get replaced.  An example of this is Amazon launching the Kindle, which competes with their physical book sales. 

It's true, these tech giants didn't get where they are today by ignoring new technology. Bitcoin is free at it's most basic level but it doesn't mean companies won't make a lot of money providing services on top of Bitcoin whether you like it or not. The internet is also free (-ish) but look at the money that has been made in this area.

[CoinDiver]

This is entirely wrong, and not how paypal would implement bitcoin. Paypal would simply treat bitcoin as a currency. Funding for your account could come from bitcoins, as could withdrawals be done in bitcoin. Paypal would charge a fee for the conversion, and for the payment. Bitcoin's irreversibility is no different than cash, which I can withdrawal from paypal already. Paypal can only control the funds you leave in your account, or give them access to. They can't take your USD back, unless you leave them somewhere you've already given them access to. Otherwise, your account simply goes negative. BTC IS NO DIFFERENT THAN USD FOR PAYPAL.

the only reason i see this not working is because its p2p meaning if the seller doesnt ship the product, you can refund your paypal money, which you cannot do with bitcoin, UNLESS eBay acts as a third person holding the bitcoin until you receive your product, which could also lead to problems with people saying they never received it even if they did... overall i would love to see BTC accepted but just not sure of the functionality

[Boris-The-Blade]

I had a dream about Bitcoins and Ebay a few months back.
I think its just a dream thought fellas 

[lay785]

are there any sites like ebay with feedback and stuff that use only bitcoins?

[Meuh6879]

with paypal/ebay ... the problem is :

- accept bitcoin for ebay transaction
- accept bitcoin for paypal intermediary system (FIAT equivalent)
- accept bitcoin in paypal account (no FIAT transfer)
- accept bitcoin in paypal and transfer to FIAT bank account (exchange system)


in my point, only the number 1 will be released in 2015.

[Beliathon]

Accepting Bitcoin would be extremely bad for Ebay's relationship with Paypal. I can't see this actually happening anytime soon.

The parasite called Paypal gives kickbacks to Ebay I'm sure.

[Lauda]

Accepting Bitcoin would be extremely bad for Ebay's relationship with Paypal. I can't see this actually happening anytime soon.

The parasite called Paypal gives kickbacks to Ebay I'm sure.

You do realize that Ebay owns Paypal? 
I'm pretty sure that they have considered this. But being behind with new technology might be bad as well for them.

[beetcoin]

are there any sites like ebay with feedback and stuff that use only bitcoins?

if there are, i bet ebay would spend lots of money to prevent it from growing.. either that, or ebay will buy it out. they tried to force craigslist to sell their website to them.

[CoinDiver]

Ebay will never allow you to take bitcoin directly. Even if ebay didn't own paypal, they'd be stupid to promote the use of bitcoin directly. Ignorant customers would be getting regularly scammed, and sellers could disappear and not pay seller fees. They'd have to recommend a trusted escrow, or even force the use of an escrow service. They basically have that escrow in paypal already. Paypal must see increased profits, or a reduction in lost profits, before they will implement bitcoin. The best thing any of us can do to promote bitcoin to paypal, is to promote bitcoin to ebay users via auctions entirely unrelated to bitcoin. Start adding something about bitcoin to the description of any item you list on ebay. "Don't like paypal? I accept cash or bitcoins in person."

Accepting Bitcoin would be extremely bad for Ebay's relationship with Paypal. I can't see this actually happening anytime soon.

The parasite called Paypal gives kickbacks to Ebay I'm sure.

You do realize that Ebay owns Paypal? 
I'm pretty sure that they have considered this. But being behind with new technology might be bad as well for them.

[Guido]

http://www.coindesk.com/ebay-ceo-actively-considering-bitcoin-integration/

[paulthetafy]

are there any sites like ebay with feedback and stuff that use only bitcoins?

A few people in this thread have asked why ebay-style sites don't already exist, or how long it will be until they do.  We launched CryptoThrift back in November 2013 to fit precisely this market.  We have grown steadily in that time whilst our competitors such as BitMit have failed. We now have over 5000 active users, process thousands of transactions a month, and average upwards of 100k visitors and 750k page views a month.  But clearly we are not doing enough advertising and marketing if we have not yet been mentioned in this post.   Thankfully we are about to embark on a several campaigns with high-profile publications/websites so hopefully you will hear more of us!

To address one of the other points raised on how to handle payments between buyers and sellers, we have approached this via a built-in and automated escrow service.  Buyers pay for their purchases by sending to our escrow wallet, sellers are notified that their funds are in escrow so can ship the item, buyers release escrow when they receive it (or it happens automatically after 30 days if the buyer doesn't dispute).  With this approach we can offer refunds to buyers if they don't receive their goods, or there is any kind of dispute over quality.  We obviously need to treat refunds on a case-by-case basis but this is no different to paypal disputes.

It is free to list but we charge sellers 2.5% on successfully sold items and buyers 1% if they wish to use our escrow service.  All of our profits go into enhancing the site, new hardware, establishing our company (now registered with ASIC in Australia), and advertising & marketing, and will do so for some time yet.  So why are we doing it for no profit?  Because we agree that eBay are unlikely to accept Bitcoin anytime soon, but equally that there is a market that needs to be filled.  And if we do the hard work now, put our money back into building this service, and build a competitive site, we wont need eBay to ever accept Bitcoin   So please try us out... https://cryptothrift.com

[a7594li]

EBay,Just sell Bitcoin，not  accept Bitcoin.

[BillieGin]

If Ebay ever accepted bitcoin. That would be enough to crack the dam of resistance.
EBay's stamp of approval would cause a massive flight to adoption of bitcoin.

[frankenmint]

are there any sites like ebay with feedback and stuff that use only bitcoins?

A few people in this thread have asked why ebay-style sites don't already exist, or how long it will be until they do.  We launched CryptoThrift back in November 2013 to fit precisely this market.  We have grown steadily in that time whilst our competitors such as BitMit have failed. We now have over 5000 active users, process thousands of transactions a month, and average upwards of 100k visitors and 750k page views a month.  But clearly we are not doing enough advertising and marketing if we have not yet been mentioned in this post.  Thankfully we are about to embark on a several campaigns with high-profile publications/websites so hopefully you will hear more of us!

To address one of the other points raised on how to handle payments between buyers and sellers, we have approached this via a built-in and automated escrow service.  Buyers pay for their purchases by sending to our escrow wallet, sellers are notified that their funds are in escrow so can ship the item, buyers release escrow when they receive it (or it happens automatically after 30 days if the buyer doesn't dispute).  With this approach we can offer refunds to buyers if they don't receive their goods, or there is any kind of dispute over quality.  We obviously need to treat refunds on a case-by-case basis but this is no different to paypal disputes.

It is free to list but we charge sellers 2.5% on successfully sold items and buyers 1% if they wish to use our escrow service.  All of our profits go into enhancing the site, new hardware, establishing our company (now registered with ASIC in Australia), and advertising & marketing, and will do so for some time yet.  So why are we doing it for no profit?  Because we agree that eBay are unlikely to accept Bitcoin anytime soon, but equally that there is a market that needs to be filled.  And if we do the hard work now, put our money back into building this service, and build a competitive site, we wont need eBay to ever accept Bitcoin  So please try us out... https://cryptothrift.com

I've seen your store before -what are the most popular sellers.  I'd give it a try but it reminds me of standard bitmit which was cool it seemed like there was no traffic there?

[paulthetafy]

are there any sites like ebay with feedback and stuff that use only bitcoins?

A few people in this thread have asked why ebay-style sites don't already exist, or how long it will be until they do.  We launched CryptoThrift back in November 2013 to fit precisely this market.  We have grown steadily in that time whilst our competitors such as BitMit have failed. We now have over 5000 active users, process thousands of transactions a month, and average upwards of 100k visitors and 750k page views a month.  But clearly we are not doing enough advertising and marketing if we have not yet been mentioned in this post.  Thankfully we are about to embark on a several campaigns with high-profile publications/websites so hopefully you will hear more of us!

To address one of the other points raised on how to handle payments between buyers and sellers, we have approached this via a built-in and automated escrow service.  Buyers pay for their purchases by sending to our escrow wallet, sellers are notified that their funds are in escrow so can ship the item, buyers release escrow when they receive it (or it happens automatically after 30 days if the buyer doesn't dispute).  With this approach we can offer refunds to buyers if they don't receive their goods, or there is any kind of dispute over quality.  We obviously need to treat refunds on a case-by-case basis but this is no different to paypal disputes.

It is free to list but we charge sellers 2.5% on successfully sold items and buyers 1% if they wish to use our escrow service.  All of our profits go into enhancing the site, new hardware, establishing our company (now registered with ASIC in Australia), and advertising & marketing, and will do so for some time yet.  So why are we doing it for no profit?  Because we agree that eBay are unlikely to accept Bitcoin anytime soon, but equally that there is a market that needs to be filled.  And if we do the hard work now, put our money back into building this service, and build a competitive site, we wont need eBay to ever accept Bitcoin  So please try us out... https://cryptothrift.com

I've seen your store before -what are the most popular sellers.  I'd give it a try but it reminds me of standard bitmit which was cool it seemed like there was no traffic there?

There are a lot of sales of steam games, gold and silver coins, miners/gpu's, and gift cards, the latter being something we are keen to discourage due to the likelihood of fraud. As for traffic, well it's certainly going to take time to build up, but we're going to hit a million page views this month, which isn't too shabby!

[Bitcoinpro]

Accepting Bitcoin would be extremely bad for Ebay's relationship with Paypal. I can't see this actually happening anytime soon.

The parasite called Paypal gives kickbacks to Ebay I'm sure.

You do realize that Ebay owns Paypal? 
I'm pretty sure that they have considered this. But being behind with new technology might be bad as well for them.

Ebay will never allow you to take bitcoin directly. Even if ebay didn't own paypal, they'd be stupid to promote the use of bitcoin directly. Ignorant customers would be getting regularly scammed, and sellers could disappear and not pay seller fees. They'd have to recommend a trusted escrow, or even force the use of an escrow service. They basically have that escrow in paypal already. Paypal must see increased profits, or a reduction in lost profits, before they will implement bitcoin. The best thing any of us can do to promote bitcoin to paypal, is to promote bitcoin to ebay users via auctions entirely unrelated to bitcoin. Start adding something about bitcoin to the description of any item you list on ebay. "Don't like paypal? I accept cash or bitcoins in person."

You can just close your Paypal account and open up a new one it's going to be pretty obvious from the products your selling heaps of businesses have had to be come honest to preserve their Paypal accounts

[keithers]

Let me play devils advocate for a moment. Let's say Ebay makes the decision to implement BTC. Do you think there would be a shift from fraudulent buyers, to fraudulent sellers? They would have to come up with clear guidelines on what steps are taken if you purchase something with BTC, and then either never receive what you purchased, or it is damaged. Will Ebay refund you with BTC or fiat? How will they handle it if the price of BTC is significantly different at the time of the refund vs. the time of the purchase?

[babahobaba]

i wish ebay do so

[tuneman1980]

Let me play devils advocate for a moment. Let's say Ebay makes the decision to implement BTC. Do you think there would be a shift from fraudulent buyers, to fraudulent sellers? They would have to come up with clear guidelines on what steps are taken if you purchase something with BTC, and then either never receive what you purchased, or it is damaged. Will Ebay refund you with BTC or fiat? How will they handle it if the price of BTC is significantly different at the time of the refund vs. the time of the purchase?

I bet that they would allow you to deposit BTC into a Paypal wallet and only let you pay from there for eBay purchases.  That way they have control over the payment still.  

[Campsis]

I hope it happens soon!

[bryant.coleman]

If some of the big names (such as Ebay or Amazon) start to accept Bitcoin, then it will act similar to a chain reaction. Other top brands also will follow very soon. In no time, we will be seeing a 10-times or even 100-times increase in the exchange rate.

[_smudger_]

http://motoringcrunch.com/news/bitcoin-for-paypal-is-it-worth-it/10015628/

BitCoin For PayPal: Is It Worth It?

[Aditya]

Since ebay owns PayPal, this is unlikely to happen.

I guess PayPal will offer Bitcoin wallet service and a Bitcoin changer service like CoinBase.

[CoinDiver]

This guy only addresses bitcoin as a payment protocol, and not as a currency. Of course paypal wouldn't replace ACH with bitcoin, they'd have to convince banks to do the same. Do people get paid to write shit like this?

http://motoringcrunch.com/news/bitcoin-for-paypal-is-it-worth-it/10015628/

BitCoin For PayPal: Is It Worth It?

[Morguk]

Like others I don't like PayPal at all, but if they do integrate bitcoin then it's amazing simply for free advertising and to show the world that big companies are willing to use it. All it takes is one big player and the rest will follow. I really hope PayPal do accept BTC!

[bryant.coleman]

All it takes is one big player and the rest will follow. I really hope PayPal do accept BTC!

Agreed. And note that 99% of the big players (Amazon, Ebay.etc) already accept Paypal. So if Paypal integrates Bitcoin as one of their currencies, then we might not need any more big players. 

[hensi]

if a giant like ebay starts accepting bitcoins then i think it wud be a giant leap for the btc itself, ebay accepting btc will lead to other giants accepting it too and thus leading to price rise of the bitcoin.

[madmadmax]

Paypal are just using BTC for publicity, no, they will never integrate Bitcoin

[master-P]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

[CoinRocka]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

I think good smart companies are proactive ones as well.

[RomertL]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

You don't consider Overstock a large corporation?

[Chronikka]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

I've said this before, but Ebay won't ever accept Bitcoin. But that doesn't mean Paypal won't.

Its much simpler for them to allow users to fund their Paypal account through Bitcoin deposits, instead of allowing direct payments on Ebay. It solves both of their problems because they can accept Bitcoin and still collect on the Paypal transaction fees.

[beetcoin]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

You don't consider Overstock a large corporation?

yeah i don't know what he's talking about. tigerdirect and overstock adopting bitcoin has been a boon for their businesses. getting 1 million people, with all these bitcoins to spend, onto your website is good. it also puts tigerdirect and overstock in the spotlight, so they get free press.

[mercistheman]

In theory does ebay dump more coins than new adopters purchase currency?... IMO this would drop the price for quite a while.... where as stock exchange offers immediate positive impact.

[Crindon]

It's true, you've already got Donahoe stepping up towards BTC. It makes sense as it represents a new payment system that rivals PayPal and it helps with sellers who have issues with chargebacks. It will definitely be a big plus to ebay and to the Bitcoin community at large.

[master-P]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

You don't consider Overstock a large corporation?

My bad, I should have said very large companies. Most people I know have bought something on eBay or Amazon before. Can't say the same for Overstock or Tigerdirect though. I don't think those companies have benefited much from accepting BTC thus far. Do they actually take BTC or use bitpay? Either way, BTC sales are probably like 0.01% of their total sales. A business catering to less than 1 million bitcoin holders doesn't have much to gain right now unless they're planning to hold some of those BTC long-term.

[beetcoin]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

You don't consider Overstock a large corporation?

My bad, I should have said very large companies. Most people I know have bought something on eBay or Amazon before. Can't say the same for Overstock or Tigerdirect though. I don't think those companies have benefited much from accepting BTC thus far. Do they actually take BTC or use bitpay? Either way, BTC sales are probably like 0.01% of their total sales. A business catering to less than 1 million bitcoin holders doesn't have much to gain right now unless they're planning to hold some of those BTC long-term.

the numbers are very promising. overstock supposedly brings in 20k-30k every day, and the number is probably growing. they keep a portion in btc, but they conver to cash mostly. we are also sitting here talking about overstock, so that's free publicity/advertising too.

http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/

[ranlo]

The BTC user base is so small, less than 1 million people, that there would be no invective for eBay to accept BTC. It's kind of silly to think that eBay or any large corporation is considering adopting BTC in the near-future. It's not worth the trouble for large companies to start accepting BTC, especially since the bottom line for them is potential profits. Maybe if the BTC user base was huge, they would consider adding it, but not the other way around. Btw, ebay sucks and their fees are ridiculous.

I think good smart companies are proactive ones as well.

This right here. Keep in mind that most Bitcoin users are technology buffs (in some way or another). A tech company accepting Bitcoin is a huge + and increases their business (theoretically) since that's who we, as a whole, are.

[bryant.coleman]

the numbers are very promising. overstock supposedly brings in 20k-30k every day, and the number is probably growing. they keep a portion in btc, but they conver to cash mostly. we are also sitting here talking about overstock, so that's free publicity/advertising too.

http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/

Overstock is yet to enable Bitcoin payments for international buyers. Right now, the facility is just available to those customers in the United States. Once they enable it to the international clients, the volume will also increase by many times.

[ranlo]

I think if Newegg would take Bitcoin, that would be MASSIVE. There are tons of miners here that buy from Newegg on a regular basis, and they are the perfect company for something like this.

[tspacepilot]

I think if Newegg would take Bitcoin, that would be MASSIVE. There are tons of miners here that buy from Newegg on a regular basis, and they are the perfect company for something like this.

I agree, someone who's doing hardware sales or in general targeting techy customers is likely to see the benefit of accepting bitcoins before a general merchant like ebay.

[ranlo]

I think if Newegg would take Bitcoin, that would be MASSIVE. There are tons of miners here that buy from Newegg on a regular basis, and they are the perfect company for something like this.

I agree, someone who's doing hardware sales or in general targeting techy customers is likely to see the benefit of accepting bitcoins before a general merchant like ebay.

I'd also argue that Overstock, despite having success with Bitcoin, is nowhere near where someone like Newegg would be. I don't even use Overstock, and most of us around here probably don't.

[Crindon]

eBay is already accepting Bitcoin. There are subsections of the site for the purchase of Bitcoin and the goods related to Bitcoin mining. It will be a matter of time when this trickles down to Paypal and Paypal will accept Bitcoin. The first hit should be Amazon. I like Amazon a lot better than ebay.

[ranlo]

eBay is already accepting Bitcoin. There are subsections of the site for the purchase of Bitcoin and the goods related to Bitcoin mining. It will be a matter of time when this trickles down to Paypal and Paypal will accept Bitcoin. The first hit should be Amazon. I like Amazon a lot better than ebay.

They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.

[bryant.coleman]

They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.

Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.

[beetcoin]

the numbers are very promising. overstock supposedly brings in 20k-30k every day, and the number is probably growing. they keep a portion in btc, but they conver to cash mostly. we are also sitting here talking about overstock, so that's free publicity/advertising too.

http://www.geekwire.com/2014/overstock-ceo-20-30k-bitcoin-sales-every-day/

Overstock is yet to enable Bitcoin payments for international buyers. Right now, the facility is just available to those customers in the United States. Once they enable it to the international clients, the volume will also increase by many times.

i don't know about that - where are most of the bitcoins sitting? america is far ahead of the game.. and it also depends on how much overstock's business model relies on international sales vs. domestic.

[ranlo]

They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.

Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.

It's hard to tell whether or not they are going to yet. Their patent is based on Bitcoin, though, and the CEO said they will be adding it to Paypal and eBay (or at least insinuated that) recently. I don't think that feeling it's going to happen soon is overhyping at all.

[Ginos]

ebay is the same company as papyal so they earn in both sides from  paypal and ebay commissions so i don't think they can use bitcoin also how can they handle the return or refund policy wih bitcoin ?

[paulthetafy]

i don't know about that - where are most of the bitcoins sitting? america is far ahead of the game.. and it also depends on how much overstock's business model relies on international sales vs. domestic.

I'd love to know how you came to the conclusion that most bitcoins are sitting in america, and exactly what you mean by "america is far ahead of the game".  I think you'll find that the volume and magnitude of transactions in China dwarfs those in America, and that general acceptance and positive government responses to Bitcoin usage is far higher in the UK, Europe, and Australia.  I'll concede that there are more vendors in America accepting it right now, and certainly the likes of Overstock are the biggest of these, but to assume that most bitcoin expenditure occurs in America and they wouldn't benefit from international sales is a little short-sighted.

[tspacepilot]

They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.

Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.

Wow, still I think this is quite good news.  Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them.  To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more.  I've basically just been holding what I have (and occasionally gambling).  Amazon is a marketplace I definitely use regularly.

[ranlo]

They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.

Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.

Wow, still I think this is quite good news.  Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them.  To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more.  I've basically just been holding what I have (and occasionally gambling).  Amazon is a marketplace I definitely use regularly.

They did say that they are looking into Paypal accepting Bitcoins as well. So it looks like we'll be able to pay using Bitcoin for any items (if they do what they got the patent for).

[hensi]

They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.

Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.

Wow, still I think this is quite good news.  Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them.  To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more.  I've basically just been holding what I have (and occasionally gambling).  Amazon is a marketplace I definitely use regularly.

They did say that they are looking into Paypal accepting Bitcoins as well. So it looks like we'll be able to pay using Bitcoin for any items (if they do what they got the patent for).

Will we be able to covert bitcoins to usd directly through paypal??

[ranlo]

They mean accepting as in you can buy things on eBay using Bitcoin. They aren't "accepting," they are just allowing people to auction them. Two very different things.

Users here tend to over-hype the positive news. Ebay is no where close to accepting Bitcoins. But the fact that they are no longer banning users for auctioning Bitcoin-related stuff means that they are moving in the right direction.

Wow, still I think this is quite good news.  Even if ebay themselves aren't accepting, it's great to know that they're allowing auctions that use them.  To be honest, when I can use my bitcoins on amazon, I'll probably start spending them a lot more.  I've basically just been holding what I have (and occasionally gambling).  Amazon is a marketplace I definitely use regularly.

They did say that they are looking into Paypal accepting Bitcoins as well. So it looks like we'll be able to pay using Bitcoin for any items (if they do what they got the patent for).

Will we be able to covert bitcoins to usd directly through paypal??

They didn't say anything about that, and I don't think it will happen. By Paypal allowing transfer of Bitcoin for purchases, they are simply mediating sales. If they allow conversion, it brings up more laws and regulations. Being that they are a registered money transmitter it's definitely possible, I just don't think that they want to get into the business of exchanges like that.

[Josephhu]

Cant wait to see it happens