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