Mahkul, any comments on the suggestion I made in my last post?
Sorry, a little but under pressure today with all the events. We will put something in place that will show Paypal separately or something similar. I will think about it tomorrow and get back to you (2 AM nearly here). Cheers |
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Not that the loss of ~50 euro isn't annoying but also for the sake of others I attempted to contact the administration of the site about somebody buying coins with a stolen paypal and i had my money taken back due to it. I contacted them but haven't received any response :\
This is the only email that I have: "apparently order ID 03960 was paid for using a stolen paypal account, thought you should know this." We have had a few situations like that before, and ALWAYS it turned out that it was f* Paypal reverting the funds for no reason (oh yes, they "thought" that it got stolen). Did you try to contact the buyer at all? He is a respected member of BitMarket and I am sure it is just Paypal acting up as usual. |
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I only hope it's not a hack. If someone managed to break into the database, they could just give themselves millions of coins regardless of the bitcoin client. Then they would be selling numbers in the database instead of coins...
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M4v3R - can you maybe comment on whether somebody with buy PayPal and somebody with sell bank transfer can still be matched?
I'm pretty sure this doesn't happen. Why should it anyway? I don't think so, either. But that's what some of the buyers claim from time to time. So, before telling them that that's bs, I wanted to recheck with admins  @Sonba: This is not happening and it never was. The buyers must have had SEPA or Foreign transfer selected as well. It is amazing how some people don't bother to check the settings before saying something. we have tested this very thoroughly at first and this had been always working fine. Now, with the new features in place where you can set payment methods separately for each offer this should not be an issue anymore. |
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Paypal guidelines changed!
PLEASE READ THIS if you use Paypal, if you don't, you can get yourself trouble. Because of some confusion about who should pay the Paypal fees, we are changing our FAQ to reflect the most common situation: now the seller pays the Paypal fees. This is because, when you send money Paypal via Paypal you often don't have a choice besides choosing that seller will pay the fee. It happened to us many times and we have to make it an official rule to avoid more confusion.
Additionally, when buying with Paypal, please don't mention "Bitcoin", "coin", or any other currency-revelant words in your payment description. Please just put the your username/email and transaction ID there.
This pretty much kills paypal as an option for the seller, at least for me. I had about 10 transactions using paypal as a seller so far, and not once did I have a problem with someone who didn't pay the fees. I just included that information in the payment details. If anyone forgot, I would just send the money back and tell the buyer to include the fee, which everyone did so far. Especially for traders who want to get their money fast, this is a disappointment. bitmarket.eu is still a relatively slow option to get your hands on some coins, and I guess now it's even getting harder because less sellers will accept paypal.  Waiting three days or more for your coins or your money to arrive is just a pain. Besides that: Good work, bitmarket!  This chance is a result of a LOT of emails that we received from sellers complaining that the buyers either don't agree to pay the fees or that they are wasting too much time to explain this to them. Any suggestions how we can keep everyone happy then?  |
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Bitcoin was briefly described on Polish news: http://www.youtube.com/watch?v=j8zsGVuD3qMPolsat is a very popular Polish TV station. The news is pretty positive overall, their only concern is that it may be a speculative bubble at the moment and also, that there are very few places (in Poland) accepting Bitcoin. |
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have you opened source code ?
If not have you any plan when will it happen ?
There is a plan to open source it, but it is far from perfect now. It won't be happening in a while I would say. |
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I'm not saying scratch that, just adding an option would be nice!
True. We will put that onto our TODO list. |
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I have yet another suggestion becouse I just lost 5 EUR becouse of bitmarket!
Been exploring international wire transfer and SEPA these days and I put 15 BTC for sale not knowing people can buy just portions of my coins.
Everything ok but I don't want to sell portions of my bitcoins, I want to sell them as 1.
Reason for that is my bank charges me 5 EUR for receiving international wire or sepa.
Portion selling might be good for paypal but not for wire transfers.
if I am to sell my coins 1 at a time I'd be losing 75 EUR from that.
I understand where you are coming from, but If we did this, then if you put out an offer out there for selling 9 BTC and someone hadan offer for buing 9.01 they would never get matched, so we wouldn't be an exchange as such anymore, more like an advertising portal. Perhaps this is the way we should do this? If we get more requests we may consider changing this. On a side note, I think your bank sucks badly. I would be leaving any bank that charges me for incoming transfers. |
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Unfortunately we are forced to temporarily close registrations on BitMarket until further notice. We need to migrate to a new server and reprogram our engine in order to be able to uphold good performance of the site. Sorry about the inconvenience, please bear with us.
what we if applied yesterday? Then there is no problem, it's just for new registrations. |
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Unfortunately we are forced to temporarily close registrations on BitMarket until further notice. We need to migrate to a new server and reprogram our engine in order to be able to uphold good performance of the site. Sorry about the inconvenience, please bear with us.
All current users can of course use the site without any limitations as they have been doing. We just cannot accept any new users for now.
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Mahkul i think your situation compared to buying something on ebay and paying via bank trasfer is a bit different.
You hold the goods (100 btc), because banking fees within the european union either being non existent or at the very least very low i think it would be great if an option could be implemented where it work like that (for a fee of course, this process can be fully automated with very little work involved).
A puts 100 bitcoins in his account
A sells 100 bitcoins to B
B sends bitmarket.eu the money through bank transfer
bitmarket.eu confirms the payment and releases the 100 bitcoins to B and the money to A
Then there would be zero fraud.
If we did this we would have to register a company with holding accounts just like mtgox, which we don't want to do for now. It's not easy, because you have to justify large money transfers coming into your account. Also, one idea of our exchange is that you don't have to wait for the transfer to arrive in order to buy coins. We are adding a rating system so we will be able to only choose offers from reputable sellers/buyers. |
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I got a scenario,
A puts 100 bitcoins in his account
A sells 100 bitcoins to B
B sends the money through bank transfer
A says he didnt receive any money so A doesnt release the 100 bitcoins
What now? (there is no way, apart from providing you my online banking account credentials, to verify the bank transfer - no (practical) way to tell if a bank statement has been forged or not)
That's why we verify every single user manually before they are allowed to trade on site. We don't allow anyone who has no positive ebay feedback on a long established account. If you pay by bank transfer on ebay you always risk that the seller won't send you the item and there will be no way to prove this too. We can't work miracles, but are doing our best to stop any scammers from joining the market. As for the verification delays, we now get 200-300 new users daily. Please understand that we have full time jobs and are doing this in our spare time. The site is totally free and we are already paying for the hosting server, a mass mail server, ssl certs and most importantly, spend a good few hours daily on answering mails and verification requests as soon as we can; not too mention adding new features to the site. We currently have more than 5200 users, yesterday it was 4700 and the day is still young. Hopefully once we have this new person processing the verification applications it will get back on track. That's again another expenditure for us, so as my colleague said, donations are more than welcome. Thanks for your trust and patience. |
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Hey guys,
I have been extremely busy with running bitmarket.eu and I have no time any longer to follow this thread. Can someone please take over this thread? Any volunteers?
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Google apps didn't like the amount of verification emails we have been processing per day - however, it seems to be sorted now. Sorry about the slightly longer delay than usual. |
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and what about adding EUR/SEPA international transfer as a payment method? i see offers within the eur region that do not match because of missing a common payment method of the users. i mean that wiring eur is not more expensive or more complicated than national transfers. i don't understand that This will be added shortly. This is added now. Everyone who wants to trade only with other europeans, please go to Account tab on the site, go to Payment Types section and activate SEPA transfers. Great but you need to cancel all your current offers to make it appear clearly. Yes. Also, make sure that the "Foreign wire-transfer" is not checked, unless you are willing to sell/buy to/from outside SEPA. |
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Update: We have added support for offers in Rubbles.
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hm, still not convinced to use paypal without knowing who's the buyer
it's been 6 months since i last time received payments (fundraising for a ngo i volunteered)
and i remember different kinds of nice people and a few troublemakers
to name at least two most annoying
- not using agreed (personal) transfer type
- leaving me to bear the fees (the amount received was not the net amount in the donation form)
hard to imagine this would be any better now.
and comparing to coinpal - he's been charging convenience fees in addition to paypal fees and the actual bitcoin value. but his service was 1:N, he informed clearly what to expect as part of the deal. while yours is M:N and there's no space to inform before the trade.
could you add a popup to transactions that could display a message from the offer creator? to give the other party insight what can be expected after they agree on the price
i have no idea if buyer insisting on using paypal would use a credit card (no way to avoid 3 % fee) or his account is funded and a personal transfer from him would be without fees.
comparing your site with bitcoin-central, there it was easier, both parties had to deposit their funds with the exchange operator and there was no need to discuss fees.
We have updated our FAQ. The buyer is always required to pay the fees (be it Paypal or wire-transfer). If they don't, you let us know and we will decrease the amount of the coins they'll get before you confirm the transaction. We are currently working on the feedback system. Once this is sorted, then we may add short descriptions with each offer. |
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Perhaps you could consider selling for Paypal (given my post above, this is pretty safe now)
would you mind sharing on this forum what is the pass mark for account verification? number of transactions or volume form previous trades? or just any good news from the past? afaik ndrix mentioned that paypal chargeback can occur up to 180 days from the transaction and he operated the site from late january to late april. It turns out that quite often people own domain names that you can sometimes map to their paypal email address by using whois. Vast majority of verified people are long-time ebay users (at least a few years) with 100% positive feedback. I wouldn't have a problem with such people (of course, we get them to edit their profile or message us from their ebay account to confirm their identity; this is quite often only one step of the verification process) others have a few successful transactions with CoinPal going back 60 days or more. Others have a few successful transactions with bitcoinmarket.com or even us; there are very few people with OTC rating, so far. In some cases, we even have passport scans and/or phone numbers; but this is the last resort. There are also quite a few of people that I know from the forum and I know they are honest because I either dealt with them myself or others I trust did. This is, more or less, it, nothing extremely special, but I think it will work. |
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I want to verify my account, but I have no sucessful transactions in the previous version...., through Bitcoin-OTC account, a good history of CoinPal.... Is any other way to verify? Just log in and select "other" option of verification. I will email you back with some suggestions. Thanks. |
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