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Author Topic: BitMarket.Eu has closed down  (Read 182514 times)
fergalish
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April 20, 2011, 07:01:48 PM
 #61

Wasn’t the idea to match based on payment method accepted?  When I buy products, hosting etc through Paypal, I pay the fee displayed.  The recipient will then get slightly less due to fees-
Wait a second, you say "...I pay the fee...", then "...the recipient [pays the fees]...".  My understanding is, if the buyer pays the fees, the he must pay extra in order to cover the fees, so that the seller's account is credited with the full contracted sale amount without any further deduction.  If the seller pays the fees, then the buyer pays only the total contracted sale amount, and fees are deducted from that so the seller gets less.

Is there a clear fee schedule for SEPA transfers?
I have accounts in different banks in different countries. In one, euro-zone payments are completely free.  In the other, any payment pays €0.50 fee.  So if I am buying something with the second account, for example, it would not be fair for me to charge this fee to a seller, as it is *my* bank that charges the fee.  On the other hand, suppose my bank charged €0.50 for every *incoming* payment.  It wouldn't be fair for me to charge that to the buyer either, would it?  So I guess the problem is really with paypal, who don't clearly specify if they charge a fee on the buyer or the seller.

[15 minutes pass, while I do some investigating]  Ahhh, scratch that. Now all my confusion is cleared up.  Paypal *does* specify who is charged the fee.  It is the seller:
Quote from: paypal's website
Goods and services – Purchase payments:
There’s no fee to use PayPal to purchase goods or services. However, if you receive money for goods or services (such as from selling an item on eBay), the fee for each transaction is 2.9% plus $0.30 USD of the amount you receive.
This was the American site, in Europe it's 3.5% plus €0.35.

But, someone who pays with a credit or debit card, but through paypal to a paypal account, can choose who should pay the fee.  So I guess my first sale was with this method, while the other was a direct paypal payments.  Also, paypal-to-paypal payments to friends or family seem to be completely free.  And there is also a charge for converting currencies.

So, I guess the seller (receiver of money) should pay the fee.  I stand corrected.  I will account for this in my future ask offers.

My bank handles the following criteria for the free euro transactions (these are the EC criteria):
Eh?  You mean my bank is charging me fees on my euro-zone payments illegally?  Bloody 'ell.  Ah, wait tho', not so.  [More investigation] They just can't make SEPA tranfers more expensive than domestic transfers. See http://en.wikipedia.org/wiki/Single_Euro_Payments_Area#Misconceptions
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April 22, 2011, 11:27:00 AM
 #62

I don't see any way to update my e-mail address on the site. I'd like my transaction mails to go to another address. Is this possible to fix?

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Mahkul
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April 22, 2011, 11:37:57 AM
 #63

I don't see any way to update my e-mail address on the site. I'd like my transaction mails to go to another address. Is this possible to fix?

You are right, we never thought of that! I will let you know when it's done.

In the meantime, you can send such requests to admin at bitmarket dot eu and I will change this for you.

Bitalo.com coming soon!

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April 22, 2011, 12:03:42 PM
 #64

I don't see any way to update my e-mail address on the site. I'd like my transaction mails to go to another address. Is this possible to fix?

You are right, we never thought of that! I will let you know when it's done.

In the meantime, you can send such requests to admin at bitmarket dot eu and I will change this for you.

Great. =)

I did send such a mail about a day ago.

Donations very welcome here: 17bndgTEETo2fqiAaNn5cx6FMtt2ZHJfzk
Mahkul
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April 22, 2011, 12:51:17 PM
 #65

I don't see any way to update my e-mail address on the site. I'd like my transaction mails to go to another address. Is this possible to fix?

You are right, we never thought of that! I will let you know when it's done.

In the meantime, you can send such requests to admin at bitmarket dot eu and I will change this for you.

Great. =)

I did send such a mail about a day ago.

Hm, seems like it didn't come through, We check the mailbox a few times a day. Can you please send me a PM with your email address?

Bitalo.com coming soon!

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April 23, 2011, 04:07:51 PM
 #66

I would like to specify minimum lot sizes;
I put a bid to buy a few hundred BTC from one member, by the time I went through the Bid Process, the full amount was no longer available and I had a remaining 200BTC bid- which then got matched for 1BTC.

I'm not that fond of making a SEPA payment for <1 Euro.

I then cancelled the open remaining bids.



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April 25, 2011, 11:40:07 AM
 #67

I'm new at BitMarket.eu but seem to have some problems with communication.
I've got the "Welcome to BitMarket.eu!" eMail, and added an offer.
Now the offer is in "Your closed offers" but I received no e-mail.

Any ideas?
Greetz
Mahkul
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April 25, 2011, 12:59:50 PM
 #68

I'm new at BitMarket.eu but seem to have some problems with communication.
I've got the "Welcome to BitMarket.eu!" eMail, and added an offer.
Now the offer is in "Your closed offers" but I received no e-mail.

Any ideas?
Greetz

Hi Loader,

Could you please email or PM me the details of this offer so that I can see what happened? Thanks

Bitalo.com coming soon!

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April 25, 2011, 01:07:29 PM
 #69

PM is on the way.
Greetz
Mahkul
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April 25, 2011, 01:15:04 PM
 #70

PM is on the way.
Greetz

Sorted. We are looking into what caused this.

Bitalo.com coming soon!

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Loader009
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April 25, 2011, 01:18:42 PM
 #71

Thanks for looking into it Smiley
Greetz
Mahkul
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April 25, 2011, 04:25:26 PM
 #72

IMPORTANT UPDATE:

We have introduced a limit of minimum 10 BTC per transaction (it is no longer possible to put less than 10 BTC on sale). This ensures no trivial international money transfers will occur.

This limit will be lifted once we have switched to "deposit mode" (which means we will operate in a similar manner to mtgox).

Due to this new rule a few offers (smaller than 10 BTC) have been cancelled. This caused the problem mentioned in the previous post (frozen Bitcoins), which I believe I have now rectified. If you find that your offer was cancelled, but your Bitcoins are still frozen please contact me. Sorry for any inconvenience, but we believe the service will be better now.

Bitalo.com coming soon!

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BioMike
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April 25, 2011, 04:31:15 PM
 #73

Hi Mahkul,

Any hint on when we can expect the "deposit mode" feature? In what stage are you getting that arranged?

BioMike
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April 25, 2011, 04:31:32 PM
 #74

Thanks for info.
The BitCoins are back, currently I haven't enough BTC, but I will come back Smiley
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Mahkul
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April 25, 2011, 04:36:56 PM
 #75

Hi Mahkul,

Any hint on when we can expect the "deposit mode" feature? In what stage are you getting that arranged?

BioMike

Hopefully within a week or two. For now the transfers will be handled manually (just like bitcoin-central, not sure whether they are automatic on mtgox?). Once this happens we will try and automate the (at least) incoming transfers acknowledgements.

Bitalo.com coming soon!

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Belkaar
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April 26, 2011, 08:45:02 AM
 #76

Looks like there is a serious shortage of Bitcoins in Europe at the moment.
https://bitmarket.eu/market

1 ask offer, 39 bid offers :-)

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fergalish
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April 28, 2011, 07:26:17 PM
 #77

I would like to specify minimum lot sizes; <snip>

We have introduced a limit of minimum 10 BTC per transaction (it is no longer possible to put less than 10 BTC on sale). This ensures no trivial international money transfers will occur.
This limit will be lifted once we have switched to "deposit mode" (which means we will operate in a similar manner to mtgox).
<snip>

I just offered 22BTC which got matched in three lots 10+10+2.  Is it possible to cancel the 2btc trade?  Also, I'd like to still specify minimum lot sizes as bitdragon suggests.  If I offer 100btc, then I'm taking account for the fees in my price.  But the fees will be twice as much if this is matched in 10 lots of 10btc.  OR - "deposit mode" :-)  Great site, keep up the good work.
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April 28, 2011, 09:17:13 PM
 #78

I would like to specify minimum lot sizes; <snip>

We have introduced a limit of minimum 10 BTC per transaction (it is no longer possible to put less than 10 BTC on sale). This ensures no trivial international money transfers will occur.
This limit will be lifted once we have switched to "deposit mode" (which means we will operate in a similar manner to mtgox).
<snip>

I just offered 22BTC which got matched in three lots 10+10+2.  Is it possible to cancel the 2btc trade?  Also, I'd like to still specify minimum lot sizes as bitdragon suggests.  If I offer 100btc, then I'm taking account for the fees in my price.  But the fees will be twice as much if this is matched in 10 lots of 10btc.  OR - "deposit mode" :-)  Great site, keep up the good work.

The "deposit mode" will be there within a week (hopefully) along with some other new features. Smiley

Could you please email me the transaction details regarding this 2BTC trade? Thanks.

Bitalo.com coming soon!

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April 28, 2011, 11:22:19 PM
 #79

Quote from: Mahkul

The "deposit mode" will be there within a week (hopefully) along with some other new features. Smiley


Please include the ability to transfer USD from one account to another, just like MtGox.
Mahkul
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April 28, 2011, 11:45:22 PM
 #80

Quote from: Mahkul

The "deposit mode" will be there within a week (hopefully) along with some other new features. Smiley


Please include the ability to transfer USD from one account to another, just like MtGox.

There is no support for USD right now, but we may add it in the future. It will be possible to send EUR, PLN and GBP between bitmarket users just like mtgox USD.

Bitalo.com coming soon!

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