Is selling bitcoins a crime in eBay, if not why is it a crime on PayPal?

[protoncwyh]

I know this is a separate company but most sellers use PayPal. PayPal had frozen my account and I am not able to retrieve my money, monies that I had accumulated from other sales for 180 days. Repeated connect with their customer service draws the same answer.

[thegroroom]

You should have cashed out your money while you had the chance.

[luckythewinner]

OP, 

eBay policy: 

"Virtual currency must be listed in the Classified Ad format in the Coins & Paper Money > Virtual Currency category. These requirements apply regardless of whether the virtual currency is digitally or physically delivered. Examples of items subject to this policy include Bitcoins, Litecoins and other similar cryptocurrencies."

PayPal policy: 

"You may not use the PayPal service for activities that ... 3. (h) involve currency exchanges"

Why would eBay and PayPal have different policies? Because (a) eBay and PayPal are different companies, and (b) because PayPal is not the only payment method permitted on eBay. 

Lucky

[pantlandia]

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@protoncwyh wrote:

I know this is a separate company but most sellers use PayPal. PayPal had frozen my account and I am not able to retrieve my money, monies that I had accumulated from other sales for 180 days. Repeated connect with their customer service draws the same answer.

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You said it yourself, they are separate companies with different rules that offer different services...there really isn't much more to say.

[*eponymous*]

Are you a verified user on PayPal?

Did you sell to a user located in Minnesota?

Did you list in the only category that allows Bitcoin listings?

Did a buyer file an item not received case?

[thefallsvariety]

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@luckythewinner wrote:

OP, 

PayPal policy: 

"You may not use the PayPal service for activities that ... 3. (h) involve currency exchanges" involve money laundering.

Lucky

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Which is probably how paypal sees it.

[riversmeet]

Bitcoin is the end of banking.  , Thanks to bitcoin people do not need banks, paper money, plastic money to purchase items they need.  Its only a matter of time.

Paypal is Banking.  Paypal has a hold on ebay.

"Children born today will never have a bank or paypal account."    Andreas Antonopoulus speaking at Singularity University in September, 2016.

[pantlandia]

Congrats on posting on a nearly-year-old thread...

[mistwomandancing]

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pantlandia wrote:
Congrats on posting on a nearly-year-old thread...

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  Oh, reviving a bitcoin thread.  LOL

I hear bitcoin is still around.  Don't know any who use it.  I know it took a terrible, terrible hit awhile back.  Think it may have recovered a speck. 

But I kinda' expect the grandkids and their kids too will still have banks in their financial lives.  May function a little differently as years and decades pass... like we don't use written checks quite so much anymore as we used to, adopted to liking the swipe cards quite a bit.. now into the chip cards, which most of us hate.  But still, my bank is behind it all, right down a couple of blocks and across from the park with friendly folks who know me as a customer.  Yeah, I think banks will stick around for quite awhile yet.

[thatisrathernice]

@mistwomandancing You would be surprised at the things you can buy with bitcoins on the dark web. Stores even have ATM converters. I have not personally done this but know many a people in my time who have. 

[mistwomandancing]

Yeah, so I've heard.   

I think virtual currancy is big in Africa right now.

[jonathankirkland]

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@pantlandia wrote:
Congrats on posting on a nearly-year-old thread...

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Nine year old?!?!

[the*dog*ate*my*tablecloth]

Anything that needs to be purchased on the dark web with bitcoins probably shouldn't be purchased. Illegal weapons, underage girls, other peoples identities?

The government seriously needs to ditch the long serving people and get in some new people who understand technology and the dark side.

[nowthatsjustducky]

Is it a crime?  Can you find any federal regulations declaring this a crime?  Remember, eBay and PayPal are not government agencies.  They do not get to declare what is a crime and what is not.

They can choose to allow or disallow anything through their dervices at their whim, but they are not law makers.

[newnewnewmann]

@mistwomandancing wrote:

@pantlandia wrote:
Congrats on posting on a nearly-year-old thread...

  Oh, reviving a bitcoin thread.  LOL

I hear bitcoin is still around.  Don't know any who use it.  I know it took a terrible, terrible hit awhile back.  Think it may have recovered a speck. 

Just in the last 30 days the price of bitcoins has risen from roughly $3600 to $5600, and just a year ago it was in the $200-$600. range! More that a speck! Really "terrible terrible!"

I invested in bitcoins in 2014 and thought for a while that I made a mistake by tying up a lot of money, but I held on despite the doomsayers, now I have made over $180,000 over my initial investment (cashed out partially) off the "terrible terrible" deal.

I agree that the banks will still be around.. because when you have a bank like Wells F. that perpetuate massive fraud, corruption, betrayal, and theft from consumers, and other than petty (pocket change to the corrupt bankers) fines, no one is held accountable.

When WF did that to me and opened a bogus account for me, I closed my legitimate account.

Bitcoins? Love em!!!