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Title: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: bullox on May 24, 2011, 12:37:27 AM ???
If I sell my BTC, the person buying them can chargeback on paypal/etc If i sell through escrow, that puts me in the position where they view me as the scammer! ("But i swear, I sent the goods! The mail must have lost it!") Where's the balance for newcomers? I've yet to transact, but am looking to soon, but it just all seems quite unsafe. Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: divergenta on May 24, 2011, 12:40:23 AM Build a reputation slowly at #bitcoin-otc
Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: MoonShadow on May 24, 2011, 12:42:48 AM It is unsafe. The consumer (you) need to be more dilligent about the quality of vendors you do business with, as opposed to being dependent upon the chargebacks that other payment methods provide for you while charging the vendor 1.9% of the cost of the item.
Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: Basiley on May 24, 2011, 12:35:42 PM use deals with insurance.
buy in trust sheme. Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: Vladimir on May 24, 2011, 12:39:58 PM One day someone will launch, a company which will provide a chargeback like functionality on top of bitcoin and will put paypal our of biz. this is of course if paypal do not start playing ball first.
It's just a bit early for this kind of services to pop up. Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: Basiley on May 24, 2011, 12:59:22 PM One day someone will launch, a company which will provide a chargeback like functionality on top of bitcoin and will put paypal our of biz. this is of course if paypal do not start playing ball first. why not ?It's just a bit early for this kind of services to pop up. its buziness, after all ? if anyone need it, someone provide it, for reasonable fee. Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: Iceredwing on May 24, 2011, 02:16:53 PM One day someone will launch, a company which will provide a chargeback like functionality on top of bitcoin and will put paypal our of biz. this is of course if paypal do not start playing ball first. why not ?It's just a bit early for this kind of services to pop up. its buziness, after all ? if anyone need it, someone provide it, for reasonable fee. I'm sure someone can just say hey I'll mediate one transaction for a fee or so on, but to launch a full scale business solution that can provide for all won't happen overnight. Without even going in depth, there should be a pretty significant initial investment to manage the risks involved while running this type of business if their goal is to reach the masses. Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: Hawkix on May 24, 2011, 03:45:28 PM The question is, if that company starting to support chargebacks will have to set some high fee. Like those 4% credit card companies have. Then, one of big Bitcoin benefits will disappear.
Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: Shortline on May 24, 2011, 04:25:51 PM The question is, if that company starting to support chargebacks will have to set some high fee. Like those 4% credit card companies have. Then, one of big Bitcoin benefits will disappear. For that particular spindly crag on the bitcoin iceberg, yes. The rest of it floats on unaffected. Title: Re: Direct sell of BTC, buyer can scam. Escrow, seller can scam. :/ Post by: Fiyasko on May 24, 2011, 04:58:13 PM the fee's should get shoved back into the nodes to support the network
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