Bitcoin Forum

Dear All

The advantage of Bitcoin is perfect transition system and low transaction fee (0.0001BTC)more than other currency but the disadvantage is BTC exchange rate are not quit stable. so i was thinning What if I can buy online stuff in USD and use bitcoin for transation will be nice . Anyway many other Bitcoin marketplace site need user deposit bitcoin first and charge escrow service at lease 1%. Why ? Bitcoin already had one.
 
So I start to create online bitcoin marketplace follow this concept. you can see how it work as below.

1.Seller sale stuff in USD currency

2.Buyer won item or BuyNow it will pay bitcoin following  on that time USD/BTC exchange rate.

3.System will generate new bitcoin address ,Key A and Key B

4.Buyer send bitcoin to that address exactly BTC value request.
Note : Buyer can see bitcion exit volume but can not refund bitcoin back

5.System confirm bitcoin value exit
-system deliver Key A to Seller
-system deliver Key B to Buyer

6.Seller checking on bitcoin address BTC volume exit and shipping item to Buyer.
Note : Seller can see bitcion volume exit but can not import to wallet yet

7.Buyer receive shipment from seller and checking item is OK then Buyer Click  release fund to Seller.

8.Seller Has Key A and Key B system automatic unlock "Bitcoin Wallet Import Format" to Seller .

9.Seller go to blockchain.info import Bitcoin Wallet Import Format to personal wallet .

so if you have change to use this website have any suggestion,bug or anything please fill free to post on this topic.

Anurak Chatree
Founder/CEO
http://btc-marketplace.com (http://btc-marketplace.com)

Features

0% escrow service fee.
Buy ,Sell and Auctions goods in USD price automatic change to Bitcoin.
Feedback system.
Seller and Buyer protect.

BTC-Marketplace.com (http://BTC-Marketplace.com)

I saw the website nice layout but only 3 products listed ??? You should come all prepared in advance OP anyways good luck and hope to see more products added !! just a suggestion even if you want to sell graphic card sell amd not nvidia its not good for mining !!  ;)

Thank you for your suggestion  :)

How escrow work?

http://www.uppic.com/uploads/13958281501.jpg

http://btc-marketplace.com (http://btc-marketplace.com)

Hello,
Nice idea.
I'm worried about one thing: what are you planning to do if the seller send the item, but the buyer (not a good one, in this case) says that he received nothing, while he did... Who will get the funds, finally? Are you going to review such problematic purchases case by case?

I plan to doing case by case to review If seller send item to buyer and buyer not respond to release fund . seller can contact us submit evidence like post tracking number we will try to contact buyer again if him not respond in 48 hr we will automatic release fund.

 

Please note that with flat rate shipping, for example, scammers have sent empty boxes just to get a tracking number. bitmit accepted a tracking number of an empty box as proof and denied refund to the victim.