1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Bitcoins, PayPal, and eBay - How to avoid chargebacks

Discussion in 'Ebay' started by webhosting, Mar 25, 2015.

  1. webhosting

    webhosting Regular Member

    Joined:
    Oct 20, 2010
    Messages:
    292
    Likes Received:
    62
    Location:
    USA
    I thought I would post some information about a recent experience I had on eBay. I listed 1 bitcoin for well over the current rate. Keep in mind that I know that the majority of buyers buying bitcoins on eBay are scammers. I did this to see how many people it would attract. Within 24 hours, more than 100 views on eBay for the bitocoins and all 4 listings had sold. Unfortunately, I didn't make any money because the addresses of the buyers didn't match and they all felt like scams. BUT this caused me to have another idea.

    Why not utilize that traffic to draw to a personal website? Maybe accept gift cards for bitcoin, that way you could avoid chargebacks. Any thoughts on this? I know there are a handful of sites that do this, but I never thought about utilizing that eBay traffic to maybe profit from this.
     
    • Thanks Thanks x 1
  2. DogsBreakfast

    DogsBreakfast Newbie

    Joined:
    Mar 4, 2015
    Messages:
    12
    Likes Received:
    0
    You can't post links in your ebay listing. Thats how you get your account banned.
     
  3. Vesania

    Vesania Regular Member

    Joined:
    Nov 29, 2011
    Messages:
    315
    Likes Received:
    143
    Occupation:
    Full-Time Procrastinator
    Location:
    Santa Paula CA
    Home Page:
    Would highly doubt they would pay via gift cards or anything that they cannot used to chargeback on. If there is trust on both ends, it would be a viable alternative.
     
  4. 3tails

    3tails Registered Member

    Joined:
    Jul 18, 2012
    Messages:
    50
    Likes Received:
    6
    Location:
    East Coast, USA
    Yeah, selling bitcoin or any other crypto is always 99% scam buyers on ebay, even when the addresses match. I got burned BADLY and I only accepted people with matching addresses. Apparently hacking is pretty rampant on Ebay and "stealth accounts" are just as bad. Even worse- many of them buy a ton then wait 50-89 days before claiming they were hacked and ripping you off.

    Also, please read Ebay's Rules. Using a listing to advertise off-site sales is considered a "Zero product listing" and will get taken down at the very least if they don't warn/ban you.

    Even if you can get people to pay with Paypal from another site you still have the same problems as with Paypal where they wait a month or two then tell paypal they were "hacked" to scam you out of your money. If they used credit cards you get to enjoy a $30 chargeback fee (or worse!) on top of them scamming you out of your money as you can't prove the item was sent even with blockchain info. Yes, you can lose $40 on a $10 sale. It sucks.

    Apparently banks and Paypal are behind on the times so anything you could have used to prove shipment of a digital item just isn't acceptable. They want to see tracking numbers only! Scammers know this loophole so the scammers will always win when it comes to disputing any "digital" item with the banks or Paypal.
     
    • Thanks Thanks x 1
    Last edited: Mar 25, 2015