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Author Topic: Bitmit - Bitcoin shopping mall - Bitcoin market place - Bitcoin auction house  (Read 131511 times)
CoinsForTech
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July 23, 2013, 01:04:43 AM
 #981

I am considering listing some our products on Bitmit to minimize the trust issues with our new store. Are consumers purchasing expensive items (such as laptops, mobile phones, cameras etc) on Bitmit?


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July 23, 2013, 01:46:43 AM
 #982

I am considering listing some our products on Bitmit to minimize the trust issues with our new store. Are consumers purchasing expensive items (such as laptops, mobile phones, cameras etc) on Bitmit?

Although I would not recommend to lock up money you don't want to loose with a service that doesn't have a face, people use bitmit for expensive stuff, too. And yeah, even I sold stuff for $400 at a time but bitmit is the best so far.

If you think you might have tens of thousands of $$ in bitmit at some ooint I ask you to take this warning serious, talk to the people behind bitmit in person and report back here with your conclusion.

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July 23, 2013, 02:29:25 AM
 #983

I am considering listing some our products on Bitmit to minimize the trust issues with our new store. Are consumers purchasing expensive items (such as laptops, mobile phones, cameras etc) on Bitmit?

Although I would not recommend to lock up money you don't want to loose with a service that doesn't have a face, people use bitmit for expensive stuff, too. And yeah, even I sold stuff for $400 at a time but bitmit is the best so far.

If you think you might have tens of thousands of $$ in bitmit at some ooint I ask you to take this warning serious, talk to the people behind bitmit in person and report back here with your conclusion.

Thank you for your honest feedback. We would be using the escrow, and with our large inventory it is likely that we would have a significant amount of money tied up. I'm going to give this thread a good read before deciding to do anything.

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July 23, 2013, 10:56:57 PM
 #984

While I think that it's good (for society) to have services (such as bitmit) that are owned and run by anonymous people - only a fool would invest or risk a great deal of money in it. Sure they have "escrow" but so what? How does that protect me the seller if bitmit should go out of business or suddenly disappear? If that happens then I am left with no way to recoup my money. And I don't like that. Do you?

Bitmit, you need to put a "face" on your service so we have someone to hold accountable should that become necessary. Unless and until that happens, I would never let you hold more than a small sum of my money.
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July 23, 2013, 11:29:22 PM
 #985

While I think that it's good (for society) to have services (such as bitmit) that are owned and run by anonymous people - only a fool would invest or risk a great deal of money in it. Sure they have "escrow" but so what? How does that protect me the seller if bitmit should go out of business or suddenly disappear? If that happens then I am left with no way to recoup my money. And I don't like that. Do you?

Bitmit, you need to put a "face" on your service so we have someone to hold accountable should that become necessary. Unless and until that happens, I would never let you hold more than a small sum of my money.

The problem is, many people trusting bitmit with small sums, not only sums up but also lulls other into believing that many people trust them. Therefore I will not trade there until things solidify a bit.

The other thing is: Bitcoin with Micro transaction channels has tools to run a service without this third party risk. Bitmit could forge transactions that – given the consent of the buyer – can only be forwarded to the seller or some NGO or – given the consent of the seller – to the buyer or some NGO, so there would be no way bitmit would accidentally loose the money to some one single entity (like itself).

In the current world of finance we are so used to stripping naked so the business can make us accountable for our wrong-doings (CC-chargebacks for example) that we don't see that in Bitcoin the companies have to strip naked or provide means so even they don't pose a third party risk in which case I totally agree that they should be able to remain anonymous.

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July 23, 2013, 11:47:11 PM
 #986

Excellent points. ALL.

So hey bitmit, why not (as gizmo suggested) let some sellers & buyers deal directly with each other (at least those that want to) - and you can perhaps charge a fee for each sale and/or for my storefront?
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July 24, 2013, 12:16:09 AM
 #987

Well if bitmit doesn't help me recover my funds that have been blatentently stolen from me I will not be supporting them anymore

As saod in my last posting. Zthis seller has gone two weeks now. Not a word not even a fuck you. Actually day 13 I got a fuck you then he marked the item as shipped and denyed release of coins.  In 7 more days HE will have my coins.  Atleast that's what the escrow now says.  I habe no more options to protest. 

This is my first bad deal with bitcoin so if this sounds like a noobish fret, bitch etc.  It's probably because of that fact it's the first time.


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July 24, 2013, 01:51:40 PM
 #988

Hi, I placed an order (no escrow) a few days ago, the seller cancelled the order because could not ship. The BTC is confirmed received. Since no escrow, I am unable to claim BTC back. Status is now that BTC is received and item not shipped. When asking the seller to release BTC back to me, s/he says I must ask Bitmit support for my BTC. I have written to Bitmit support, but no response. Who is holding my BTC, the seller or Bitmit? Could not the seller just release the BTCs?
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July 24, 2013, 02:06:29 PM
 #989

Is it me or is the website now unbelievably slow...

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July 25, 2013, 03:17:39 AM
 #990

After reviewing the thread I've decided against listing our items on Bitmit. I would be listing relatively expensive products using Escrow, and in the case that a transaction went awry it seems I would have to work hard to recover the funds. It seems Bitmit is not serious about growing their business otherwise we would be receiving responses regarding the many unhappy buyers and sellers.

Having said this, if any of you would like to purchase from my store but are uncomfortable due to lack of trust, I would be more than happy to Escrow the transaction through a trusted forum member (not Bitmit).

Good luck to you all and I hope your future transactions are smoother!

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July 25, 2013, 07:22:04 AM
 #991

Is it me or is the website now unbelievably slow...

it's only you. the site is fine today
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July 25, 2013, 06:43:53 PM
 #992

My coins returned.  I guess the bad smartphone spelling paid off

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July 26, 2013, 05:05:00 PM
 #993

Hi, I placed an order (no escrow) a few days ago, the seller cancelled the order because could not ship. The BTC is confirmed received. Since no escrow, I am unable to claim BTC back. Status is now that BTC is received and item not shipped. When asking the seller to release BTC back to me, s/he says I must ask Bitmit support for my BTC. I have written to Bitmit support, but no response. Who is holding my BTC, the seller or Bitmit? Could not the seller just release the BTCs?

Hi. Please tell us your username or the order id so we can investigate. Thank you.


Well if bitmit doesn't help me recover my funds that have been blatentently stolen from me I will not be supporting them anymore

As saod in my last posting. Zthis seller has gone two weeks now. Not a word not even a fuck you. Actually day 13 I got a fuck you then he marked the item as shipped and denyed release of coins.  In 7 more days HE will have my coins.  Atleast that's what the escrow now says.  I habe no more options to protest.  

This is my first bad deal with bitcoin so if this sounds like a noobish fret, bitch etc.  It's probably because of that fact it's the first time.


We got your msg, refunded your Coins and banned the seller. Sorry that you got no special reply to this, we thought the refund notification would do it.

I am considering listing some our products on Bitmit to minimize the trust issues with our new store. Are consumers purchasing expensive items (such as laptops, mobile phones, cameras etc) on Bitmit?

Hi CoinTech!

Sorry for that late response here on bitcointalk.

We would be very glad to see your items on Bitmit. You are welcome to get in touch with our account managers, just write us a short mail support@bitmit.net .

Excellent points. ALL.

So hey bitmit, why not (as gizmo suggested) let some sellers & buyers deal directly with each other (at least those that want to) - and you can perhaps charge a fee for each sale and/or for my storefront?
We are amenable to advice and feature suggestions. Let me clarify, you want to do trades without using our escrow service and automatic redirection of the payment to your bitcoin address?

Currently we only allow a few sellers to make trades on Bitmit without escrow, otherwise too many users would get scammed. We are working on a verification for trusted merchants, they would be allowed to sell without escrow and get the payment directly.


New feature:
Search bar on the user page so users can search only items of specific users

Btw: What do you think of a SMS/phone verification for sellers on Bitmit?



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July 26, 2013, 05:58:42 PM
 #994

SMS would be a good idea.

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July 26, 2013, 06:37:30 PM
 #995

Btw: What do you think of a SMS/phone verification for sellers on Bitmit?

If that means I could phone you to verify your identity prior to selling on Bitmit, yeah, that would be awesome but maybe not enough.

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July 26, 2013, 09:06:32 PM
 #996

We are amenable to advice and feature suggestions. Let me clarify, you want to do trades without using our escrow service and automatic redirection of the payment to your bitcoin address?

Currently we only allow a few sellers to make trades on Bitmit without escrow, otherwise too many users would get scammed. We are working on a verification for trusted merchants, they would be allowed to sell without escrow and get the payment directly.


Yes, that's it. If you can add this feature that would be another positive.

As for your anonymity, I have mixed thoughts on it. On the one hand, it's good, because it may allow you to operate with less concern over grey-areas in regulations that could limit all involved (i.e you/the service, the buyer & the seller). On the other hand, I don't feel secure putting expensive items up for sale. I think a trusted 3rd. party escrow service would really help your business.

That being said.... bitmit appears to be the most prominent and most promising bitcoin alternative to ebay AND you do seem to respond very well to concerns here.

Thanks for being open to suggestions and for providing this service to the community!
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July 28, 2013, 05:46:49 AM
 #997

I think a trusted 3rd. party escrow service would really help your business.
It may be nice, but the one thing I really like about bitmit is how low the fees are. That's why I sell here. You start having to pay 3rd parties, and now the fees go up.

Also, I'm a little confused because I used to be qualified to list things without escrow, and now I'm not. Did the requirements change?
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July 28, 2013, 06:15:43 AM
 #998

I think a trusted 3rd. party escrow service would really help your business.
It may be nice, but the one thing I really like about bitmit is how low the fees are. That's why I sell here. You start having to pay 3rd parties, and now the fees go up.

Also, I'm a little confused because I used to be qualified to list things without escrow, and now I'm not. Did the requirements change?

The fees could be even lower if we didn't have affiliate codes.

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July 28, 2013, 12:37:29 PM
 #999

Hi, I placed an order (no escrow) a few days ago, the seller cancelled the order because could not ship. The BTC is confirmed received. Since no escrow, I am unable to claim BTC back. Status is now that BTC is received and item not shipped. When asking the seller to release BTC back to me, s/he says I must ask Bitmit support for my BTC. I have written to Bitmit support, but no response. Who is holding my BTC, the seller or Bitmit? Could not the seller just release the BTCs?

Hi. Please tell us your username or the order id so we can investigate. Thank you.


Hi, order number is 22464. Look forward to see the BTC in my wallet shortly.
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July 28, 2013, 05:22:13 PM
 #1000

I think a trusted 3rd. party escrow service would really help your business.
It may be nice, but the one thing I really like about bitmit is how low the fees are. That's why I sell here. You start having to pay 3rd parties, and now the fees go up.

Also, I'm a little confused because I used to be qualified to list things without escrow, and now I'm not. Did the requirements change?

If low fees is an argument to trust a shady business, you most likely didn't learn a lesson with pirateat40?

Sure, if the money bitmit holds at any given time is only about what they earn in a month, it's quite unlikely they will run with it as they can make more money running the business unless they have to terminate their business anyway for other reasons in which case they have to evaluate the value of the brand vs. the immediate profit they could make. How much reputation do they have if they start a new business? How many $$ would the brand be worth? I guess they shouldn't be holding more than that amount to be trustworthy.

Unfortunately they can forge these numbers if they had an interest in sharing numbers.

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