Bitcoin

eBay Merchant Reportedly Delisted for Accepting Bitcoin Payments

Gola Yashu | July 15, 2015 | 1:30 pm
Bitcoin

eBay Merchant Reportedly Delisted for Accepting Bitcoin Payments

Gola Yashu | July 15, 2015 | 1:30 pm

An eBay merchant, recently took Reddit to convey his “sad” experience with the e-commerce company, stating that his product listings were removed because he accepted digital currency Bitcoin as one of the payment methods.

The said merchant further posted an excerpt from the mail he received from eBay. It clearly exhibited the company’s take on Bitcoin, for it mentioned the digital currency as something that defies their approach towards offering a secure and simplified e-commerce platform.

“Please understand that you mentioned you accept “Bitcoin” as a method of payment,” the alleged mail reads. “Some online payment companies are fairly new and inexperienced and they do not provide sufficient fraud protection to members. When we review payment methods to determine whether they are allowed on eBay, two key factors that we consider are “Security and Safety” and “Ease of use”. Please do not offer this payment method.”

eBay and PayPal to Accept Bitcoin Payments through Braintree

If there is even an iota of authenticity in the aforesaid merchant’s claim, the eBay’a approach towards Bitcoin truly brings a shock to all of us. Earlier this year, the company had joined hands with PayPal  to launch PayPal Holdings, a Bitcoin-enabled payment segment. At the time of launch, this new segment had announced to form partnership with Bitcoin payment service company Braintree.

But as we looked further into the eBay’s policies, it was found that the company’s restriction on using virtual currencies like Bitcoin for settlements is still intact. This might be among the reasons why the aforesaid merchant had his listings removed from the website. Meanwhile, the Bitcoin community trolled eBay in whichever way it deemed suitable. We would though conclude the piece with this one optimistic quote, posted by one among them:

“Some day, bitcoin may become a viable competitor to Paypal for online purchases. When that day comes, eBay will welcome bitcoin with wide open arms, claiming that eBay has always been an innovative company on the leading edge of creativity and as such wholeheartedly supports this novel technology.”

We surely hope so.

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  • Somepersonwiththeinternet

    So ebay is refusing to accept currency because it can’t understand bitcoin due to a lack of intelligence? or due to a lack of understanding that digital currencies is the future and “has been the future for the last 2 years?”

    • ChunkeyMonkey

      No, ebay is a monopoly and will only accept major credit cards where it pulls fee values from. Bitcoin is low fee, so there is less scraping off the top.

      • Somepersonwiththeinternet

        That doesn’t excuse ebay from refusing users and terminating their access due to bitcoin. If I accept bitcoin and a person is willing to pay me in bitcoin and then ebay refuses that entire agreement. That doesn’t just sound like censorship. That sounds like another company in bed with the american banks and visa and mastercard. Oh! You accept bitcoin? Sorry, we’ll unofficially terminate your account. Sorry, we only accept american denominations of currency because we are an american based company. You want to use a different currency, and we don’t accept that? Screw you… Sound like a good company to do business with?
        Not that this rant will even matter, there are so many toads out there that’ll jut use american currency and waste funds converting to an american currency to make them happy. Its a pity nobody remembers a time when companies tried to make people happy with their services.

  • Aylagh MacAnnadh

    Now, I don’t know much about it but could this have anything to do with the anonymity which comes with ‘bitcoin’? I know some services like ‘VPN’s’ which want to claim you can use their service with complete anonymity will offer to accept payment in ‘bitcoin’. I haven’t really taken the time to find-out what ‘bitcoin’ really is and what it is about but I was surprised to find that my ‘VPN’ was this paranoid about protecting the privacy of it’s users. I use a ‘VPN’ as it keeps down the amount of ‘ads’ as well as the ‘blocks’ which some countries put on content. I don’t think it is right I can’t watch a news cast in the UK (which is where I am from) due to some bureaucratic rule saying I live in the USA so I can’t watch this. It just makes my IP address untraceable. Now I can see how this could be used in ‘untoward’ ways so I don’t know. I also remember reading that sales on ‘The Silk Road’ which was closed down (accessed through the deep web) for drugs and other illegal items were always in ‘bitcoin’ and credit cards were not accepted. If you were going to buy your ‘heroin’ on line you had to pay in ‘bitcoin’. I just don’t know if there isn’t something more to the issues with ‘bitcoin’ but as I mentioned. I only know what I’ve read about it. What the actual truth is I think I should take the time out and do some reading to discover.
    Thanks all,
    Aylagh

  • Aylagh MacAnnadh

    I just want to clarify that I am NOT DEFENDING EBAY IN ANY WAY! I buy and sell on eBay but am looking to start my own website because I have had about as much as I can take of the dishonest way they deal with both their buyers and sellers and their attitude of “well, we’re big and you aren’t so yell and hollar all you want, we’re gonna do what ever we please”!
    God Bless
    Aylagh

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