eBay and PayPal to Accept Bitcoin Payments through Braintree

In their recent SEC filing, eBay and PayPal confirmed plans to allow merchants with a standard account to accept bitcoin payments through third-party processor Braintree. This company was acquired by eBay for $800 million in September 2013 and will now be part of PayPal Holdings.

In the same SEC filing, eBay and PayPal have announced the formation of a new corporation called PayPal Holdings that will take over the businesses in eBay’s payments segment. Meanwhile, eBay will continue to operate its marketplace business as a publicly traded corporation.

“As two distinct publicly traded corporations, eBay and PayPal will be better positioned to capitalize on significant growth opportunities and focus their resources on their respective businesses and strategic priorities,” according to the eBay announcement.

Bitcoin Payments Structure

Braintree works in partnership with Coinbase in allowing online sellers to merchants to accept bitcoin payments seamlessly. It also enables customers to pay with bitcoin instantly and securely on any device without manually transferring bitcoin or scanning QR codes.

Currently in public beta, Braintree’s bitcoin payments service claims to have zero transaction fees on the first $1 million in bitcoin sales and a 1% fee for cashing out to a bank account.

With the increased focus on the payments sector, PayPal Holdings can be able to explore new transaction methods such as bitcoin payments, along with Apple Pay and Venno Payments via Braintree. In addition, management can better enjoy the flexibility to pursue new partnership and strategic opportunities that may have previously been unavailable.

Merchants and online shoppers are hopeful that the acceptance of bitcoin payments by these companies could help foster mainstream acceptance of the cryptocurrency. According to Braintree, it will take care of the conversion, transfer, and transaction reporting that fits in with the existing Braintree workflow. “Bitcoin transactions are confirmed in less than a few seconds, eliminating chargebacks, which reduces your exposure to online fraud,” as indicated in its invitation to clients.

YahooFinance

On eBay right now, you can buy a Complete Cryptocurrency GPU Mining Rig for $2,586, or a “Just Hodl” (a bitcoin inside joke) hoodie for $33.99, or a “collectible bitcoin gift coin” for 99 cents. There are hundreds of bitcoin-related items, but you can’t pay in bitcoin. Yet.

Scott Cutler, senior vice president of eBay Americas, told Yahoo Finance in an interview this week that the online retailer is “seriously considering” accepting bitcoin, but “we’re not quite there yet.”

Not many retailers accept cryptocurrency as payment, but for one that does accept bitcoin, it’s been a boost to shares. Overstock.com (OSTK) is up more than 250% in the last six months, as it rides the bitcoin phenomenon. The web retailer is a pioneer in the cryptocurrency space, as it became the first major retailer to accept bitcoin in early 2014.

Payments in bitcoin aren’t exactly becoming commonplace, but they are slowly becoming more common: even a New York City preschool is accepting bitcoin for tuition. At some point in November, mobile-payments company Square (SQ) quietly rolled out a new feature to a small number of users on its Square Cash app: the ability to buy and hold bitcoin. Square CEO Jack Dorsey (also CEO of Twitter) told Yahoo Finance in October, “There’s nothing more impactful to our business than digital currency.”

As for eBay, it is currently focused on delivering a strong holiday season, as it tries to compete with Amazon. The retailer is working on expanding its offerings, shipping times, and return process.

Jen Rogers is the anchor of The Final Round, Yahoo Finance’s daily 3:55pm live show. Follow @jensaidit on Twitter or @jenrogershere on Instagram.

Read more about bitcoin from Yahoo Finance:

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I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

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EBay ‘Seriously Considering’ Adding Bitcoin Payments

EBay, one of the world’s largest e-commerce platforms, is considering making the leap into cryptocurrency payments, according to a high-ranking company executive.

EBay ‘Seriously Considering’ Adding Bitcoin Payments

Scott Cutler, senior vice president of eBay Americas, told Yahoo Finance that the e-commerce giant is holding serious discussions about becoming the highest-profile company to accept cryptocurrency payments.

“This is a trend that everybody is talking about, but sadly, at eBay, we don’t currently accept bitcoin as a form of payment, Cutler said. “We’re seriously considering it as these cryptocurrencies become more of a mainstream” payment instrument, but “we’re not quite there yet.”

Cutler added that the website serves as a popular secondary market for cryptocurrency mining hardware, and third-party sellers have listed thousands of other cryptocurrency-related collectibles.

Cryptocurrency Enters Main Street

Although it does not appear that eBay currently has any concrete plans to adopt cryptocurrency payments, the fact that the company is holding high-level discussions on the matter is the latest testament to how quickly bitcoin has permeated the mainstream.

Last week, bitcoin brokerage app Coinbase briefly became the top app in the Apple Store, signaling that retail investors were onboarding into the bitcoin ecosystem at a breakneck pace — a pace so rapid that Coinbase has suffered persistent outages due to record traffic.

This week, the first bitcoin futures contracts launched on U.S. exchange CBOE, and CME — the world’s largest derivatives exchange — will begin trading bitcoin futures next week. Though primarily targeted at Wall Street, futures are expected to lead to the creation of the first Bitcoin ETF, a retail investor-friendly investment vehicle that can be easily held in brokerage and retirement accounts.

The next watershed moment will be when cryptocurrency becomes so ubiquitous that businesses commonly accept it as payment for goods or services.

Prominent retailers such as Overstock and Newegg have accepted bitcoin for years, but none of retail’s white whales — a group that includes eBay, Amazon, and Alibaba — has formally adopted cryptocurrency payments. Earlier this year, CCN debunked a rumor that Amazon was planning to accept bitcoin. Recently, Alibaba co-founder Jack Ma stated that bitcoin was “ not for me ,” indicating that the Chinese conglomerate is not likely to adopt a currency that operates without government backing.

Some retailers, including video game distribution platform Steam, have actually stopped accepting bitcoin payments in recent months, citing increasing transaction fees that have accompanied bitcoin’s meteoric rise. However, bitcoin remains an option for big-ticket items, and altcoins such as ethereum, bitcoin cash, and litecoin are practical options for small-value transactions.

YahooFinance

As for eBay, it is currently focused on delivering a strong holiday season, as it tries to compete with Amazon. The retailer is working on expanding its offerings, shipping times, and return process.

Jen Rogers is the anchor of The Final Round, Yahoo Finance’s daily 3:55pm live show. Follow @jensaidit on Twitter or @jenrogershere on Instagram.

Read more about bitcoin from Yahoo Finance:

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

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Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

EBay ‘Seriously Considering’ Adding Bitcoin Payments

EBay, one of the world’s largest e-commerce platforms, is considering making the leap into cryptocurrency payments, according to a high-ranking company executive.

EBay ‘Seriously Considering’ Adding Bitcoin Payments

Cutler added that the website serves as a popular secondary market for cryptocurrency mining hardware, and third-party sellers have listed thousands of other cryptocurrency-related collectibles.

Cryptocurrency Enters Main Street

The next watershed moment will be when cryptocurrency becomes so ubiquitous that businesses commonly accept it as payment for goods or services.