eBay to allow Bitcoin from 10th February

eBay to allow Bitcoin from 10th February

eBay to allow Bitcoin from 10th February


Paypal president, David Marcus recently twitted that there are no policies on Paypal that prohibits the sale of Bitcoin mining rig, but currency transactions whether fiat or Bitcoin is prohibited.


A Reddit post suggests that there is a change in the said policy. The post which shows an e-mail from eBay stating that listings of digital currencies are not allowed at the moment, but there would be a change starting from February 10, 2014.


This is an excerpt of the said e-mail:

Please know that per our recent policy update, Virtual Currency (i.e. Bitcoin and Litecoin), whether digitally or physically delivered, cannot be listed in Auction-style or Buy-It-Now listing formats. eBay is opening a Virtual Currency category to allow the sale of virtual currency in Classified Ads format on February 10, 2014. We request that you do not list these items until that date. Please be informed that repeated breach of the policy may further jeopardize your account status. To avoid any inconvenience in future, we’d appreciated it if you go through our help pages or contact us before listing any such items.


While this does not mean that eBay will accept Bitcoin as a method of payment, the company has certainly shown that it is not anti-Bitcoin, and is adjusting its policies to accommodate the digital currency.


With Overstock.com started accepting Bitcoin as a form of payment earlier this month, other companies are watching closely and sure would not be left behind unless they are prepared to forego the opportunity. Overstock CEO announced that Bitcoin is a success with Bitcoin orders amounting to $130,000 within the first day.


Image from norebbo.com

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